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	<title>Bitcoinstowatch Archives - Coinrule</title>
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	<description>Crypto Trading Bot &#124; Automated Trading for Crypto, Stocks and ETFs</description>
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		<title>🚀Is this April Fools&#8217; Day?</title>
		<link>https://coinrule.com/blog/crypto-automated-trading/%f0%9f%9a%80is-this-april-fools-day-altcoin/</link>
		
		<dc:creator><![CDATA[Oleg Giberstein]]></dc:creator>
		<pubDate>Thu, 01 Apr 2021 09:41:00 +0000</pubDate>
				<category><![CDATA[Crypto Automated Trading]]></category>
		<category><![CDATA[bitcoin]]></category>
		<category><![CDATA[bitcoin 2021]]></category>
		<category><![CDATA[Bitcoinstowatch]]></category>
		<category><![CDATA[chartpatterns]]></category>
		<category><![CDATA[Trend Analysis]]></category>
		<guid isPermaLink="false">https://coinrule.com/blog/?p=1962</guid>

					<description><![CDATA[<p>If I told you that the real Altseason is not even started, the first thing you'll think is, "that must be an April fool!" as many coins on the market trade high value during this Bull Market. It's hard to imagine that most of the upside is still ahead of us.</p>
<p>The post <a href="https://coinrule.com/blog/crypto-automated-trading/%f0%9f%9a%80is-this-april-fools-day-altcoin/">🚀Is this April Fools&#8217; Day?</a> appeared first on <a href="https://coinrule.com/blog">Coinrule</a>.</p>
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<figure class="wp-block-image size-large"><img fetchpriority="high" decoding="async" width="1024" height="352" class="wp-image-1964" src="https://coinrule.com/blog/wp-content/uploads/2021/11/Aprils-fool-image-1-1024x352.png" alt="Market Cap BTC Dominance from 2018 to 2021, % (CALCULATED BY TRADINGVIEW) (CRYPTOCAP:BTC.D)" srcset="https://coinrule.com/blog/wp-content/uploads/2021/11/Aprils-fool-image-1-1024x352.png 1024w, https://coinrule.com/blog/wp-content/uploads/2021/11/Aprils-fool-image-1-300x103.png 300w, https://coinrule.com/blog/wp-content/uploads/2021/11/Aprils-fool-image-1-768x264.png 768w, https://coinrule.com/blog/wp-content/uploads/2021/11/Aprils-fool-image-1-1536x529.png 1536w, https://coinrule.com/blog/wp-content/uploads/2021/11/Aprils-fool-image-1.png 1761w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



<p>If I told you that the real Altseason is not even started, the first thing that would cross your mind would definitely be, <em>&#8220;that must be an April fool!&#8221;</em>.</p>



<p>This idea is quite fascinating, as already many coins on the market trade at all-time high value during this Bull Market. It&#8217;s hard to imagine that most of the upside is still ahead of us. Yet, if the picture that this chart depicts unfold to be accurate, Altcoins could have a lot to run in the coming months.</p>



<p>According to Bitcoin&#8217;s dominance, the Altcoin market looks still undervalued compared to <a href="https://www.tradingview.com/symbols/BTCUSD/">Bitcoin </a>. Add now that April is historically a positive month for crypto to the equation, and the result may be explosive.</p>



<p>You can check out this article on the <a href="https://www.tradingview.com/chart/BTCUSDT/vqkZvrsr-The-Big-Shift/">Big Shift</a>.</p>



<p>There are at least two elements that could provide solid support to this thesis. <a href="https://www.tradingview.com/symbols/BTCUSD/">Bitcoin </a>rebounded strongly from the recent drops, and it&#8217;s now trading just below a key resistance that, if broken, would push it straight into new price discovery . On top of that, some large-cap coins still have plenty of room to catch up with <a href="https://www.tradingview.com/symbols/BTCUSD/">Bitcoin </a>. See <a href="https://www.tradingview.com/symbols/ETHUSD/">Ethereum </a>, Zcash, and Litecoin, among the most notable cases.</p>



<p>If you took some profits recently, that was a reasonable choice that led you to have the liquidity to accumulate those coins that didn&#8217;t pump yet. These coins will likely outperform <a href="https://www.tradingview.com/symbols/BTCUSD/">Bitcoin </a>in the short term, allowing you to compound more <a href="https://www.tradingview.com/symbols/BTCUSD/">Bitcoin </a>in the future. As long as Bitcoin&#8217;s dominance remains below 60, buying the dip strategies offers the best risk-reward profile. But never forget to manage your risk.</p>



<p><strong>It&#8217;s April&#8217;s fool week, after all!</strong></p>
<p>The post <a href="https://coinrule.com/blog/crypto-automated-trading/%f0%9f%9a%80is-this-april-fools-day-altcoin/">🚀Is this April Fools&#8217; Day?</a> appeared first on <a href="https://coinrule.com/blog">Coinrule</a>.</p>
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