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But don't be overly absolute; sometimes copycats will first make a move to lure in traders, so you still need to consider trading volume and BTC dominance.
What are the odds of a bullish continuation?
Let's see... We just have to look at Enjin Coin vs USDT.
There you have your continuation.
Have you ever seen Enjin Coin growing, or any of the legacy projects for that matter, while the market is crashing through an overextended bear market?
Have you ever seen sustained bullish action on this and other altcoins while Bitcoin hits new lows?
It is not possible, the market is one.
When in doubt, zoom out.
Let's say you look at Bitcoin and you start to doubt based on the short-term. Zoom out, look at the weekly timeframe—all doubt goes away.
That's my thinking. The fact that these altcoins are growing, it means the bigger projects will also continue to grow. That's one signal out of hundreds.
And remember, the short-term doesn't count.
Bitcoin continues bullish as long as it trades above $60,000. It can retrace for weeks or days, nothing changes.
The market can continue to recover and the altcoins can continue to grow. Bitcoin can produce just another higher low and then resume rising. The market is not in a hurry. We are going up.
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$ENJ $XRP $RAVE