This move made it break past the 9100 level. Reaching the next level 9300) and push through it. They are trying to get that unsquared up candles on the left (the red ones).
There is 2 possibilities here
1: BTC goes up to 9700 ish (max) and then plummets down, this could be the indication of a MASSIVE reversal (its Wednesday too (best day in the market)) All the way down to 8500 area, and if it break through that level like its nothing then we can expect BTC to start dropping HARD. (this possibility is backed by 2 square up candles which is BIG)
2: The big boys keep pushing the price up and they break past 9900 level to go get the 10900 level
I am betting on the #1
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Let me know what you guys think in the comment.
They drop more in USD value (in percentage) than BTC therefore they recover for a bigger amount. Because remember if BTC/USD is down 20% on a given day, it means by definition that every other BTC/X are also down 20% in USD and on top of that they lose pure BTC value. So if BTC is down 20% on a given day and LTC is down 20% as well it means LTC is down by much more than 20% in USD value. My call on LTC is LTC/USD and not BTC/LTC :).
This goes for everyone reading this, this is the beauty of trading Altcoins. They have 3 metric value, USD, BTC and their own. Always remember that when you are trading an altcoin you are trading it AGAINST something else (BTC/ETH/USD etc).
Hope this helped!