Something is Not Right with This Bitcoin Rally (Warning Signs Flashing)

Something is not right with this bitcoin rally (warning signs flashing). The October rally for bitcoin has been great, but even though the chart appears to be "bullish" in the short term, it may not be so - according to these 3 important warning signals mentioned in today's video. We also explain why it is important to keep an eye on bitcoin's leading indicator (ethereum). We look at the charts. #Bitcoin #Ethereum #AlessioRastani

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[linofalomir]

Love your videos! The best insight in the space! Cheers to the future Alessio!!

[Swellstew]

This didn't age well (1 day later).

[danzopopo]

Alessio, more often than not, especially in 2017, BTC rallied alone and then everything else caught up. Another interesting note, BTC broke correlation to stocks yesterday

[nayeemjamaly]

Point to be noted that Btc Dominance is increasing now 60% + in the coin market cap.

[andrecb]

Institutionals are not buying ETH as much as they are buying Bitcoin right now. That's the reality.

[Marie-ccvv]

Wow, bitcoin is up $12k what an increase!! wish I bought earlier...🤔🤔

[FrancoisHarris]

The DeFi bubble popped and it has caused a positive feedback loop for bitcoin.
Holders of ETH and many DeFi coins are dumping and looking for somewhere to put their money, preferably a different coin that is more stable and going up instead of down....so bitcoin it is, since that has been going up. Bitcoin is decoupling from the other altcoins in crypto as they bleed out into bitcoin.
ETH definitely does not always lead Bitcoin, its the other way round in fact. Bitcoin leads ETH and others far more often, if not always.

[Xenoxthela]

Did you consider the recent institutional investments in BTC? Over the last weeks there have been a couple news about millions going into BTC. They start to use BTC as a reserve currency, ETH wouldn't match that. Maybe that could be a reason for the different behavior of BTC and ETH. Maybe decoupling starts at this moment.

[Marty]

When you say “warning sign” do you think there might be another big dump coming or do you think we will be trading sideways for a bit longer or do you think there is more downtrending in our short term future?

[digitalroihacks]

if BTC does not break 12468, alts may pump. Thanks for analysis Alessio!

[jeremyf]

The entire history of crypto BTC pumps and alts drain then BTC stalls and alts pump

[jonbarlo]

Thanks Alessio! i really like your objective analysis of the markets, personally love when you talk about BTC. You are always keeping things clear, not getting in the "chop" zone with the levels you watch (macro)

[ProMassageIstanbul]

I have been following your videos since February first we have mistaken about stock now we have mistaken on BTC. I am leaving watching your ideas for a while. It caused me some unexpected loss in medium term. Thanks for your content but it did not work for me at all. Good luck.

[hirkkammett]

LOVE IT!!! It’s awesome to hear an honest opinion from a REAL trader. Thank Odin for Alessio!!!

[bentrex]

I was just sitting here looking at the charts thinking wow the charts somehow doesnt match up and suddenly your video pops up. Thanks for confirming my thoughts!

[justabitguy]

Caution absolutely required with the bigger picture in mind. Only thing that makes me slightly bullish on Bitcoin is that this is repeated behaviour from previous cycles. A decoupling from the space as coins sell into BTC. Be interested to look at the stablecoin vs BTC data over the last 7 days to see where the money is going. If it’s stable coins then your warning is spot on. If it’s BTC then I think 2016/17 might be a good place to compare rather than May & June. Keep up the great work 🙏🏼🤘🏼

[proINpro]

I don't like the volume in this rally.. It is not convincingly high (yet) as a confirmation indicator. What do you think? Cheers

[PlutusME]

Yesterday, Ethereum had a drop greater than 2 % and now today both got highs and bitcoin more than 6 % up. As you predicted something wasn't right! You got the attention on this cross boiling in chart. The question is this todays bounce sign for greater downturn for both bitcoin and ethereum, in fact for all crypto currencies.
Ethereum drop yesterday for what happened today is unusual and haven't been seen in long time I guess!

I am waiting this to happen. I expect a correction "what a cute word"!" upp to 20 % within christmas times. And this will be the right time to buy!


Alessio your next video will be fun to watch I and I hope you will explain this further : )

Thanks for the videos!
cheers!

[alterego]

thanks @alessio for your content!! best wishes from austria 🇦🇹
have a great week bro 💪

[mzahran]

when this guy say that bitcoin is going to direction < i directly go to the other one and it works, please contineu