BTC/JPY - weekly Analytics + Altcoins 11.05.2020

BITFLYER:BTCJPY   Bitcoin / Japanese Yen
On this stage we regard the price reduction as adjustment, in order to pursue the main growing trend, that dates back to 13.03.2020.
As an additional confirmation of our expectations, we'll mention correctional models, placed within the diapason from 20.03.2020 to 23.04.2020, price consolidation, indicated on the chart, demonstrates the interest of players in bitcoin and further pursuit of movement.

(Considered coins are LTC,ETH, EOS ,XRP,ETC,NEO,XMR,OMG,DASH, SAN , IOT )
Following the bitcoin , correctional kickback occurs also in the coins, mentioned before: ETH, EOS and LTC, which provides an opportunity to accumulate positions, awaiting for growth.
We also see ETH as the most viable coin.


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