BTC/JPY - weekly Analytics + Altcoins 06.12.2021

Investor sentiment has reached a new level of pessimism after a serious drawdown of bitcoin quotes, which indicates a potential low and reversal to growth. At the moment, the first impulse upward movement was formed and correction to this movement is outlined, which increases the chances for medium-term growth from the current levels.

We single out TRON and TFUEL as the most promising coins for the development of a sustainable rising trend. Also the coin Algorand (ALGO) has an increased probability of growth of quotations. (Movements in TFUEL should be monitored for some time to make further trading decisions).