Bear Trap Leading into A Sh*tcoin Buffet?
'Others.d' indicates the dominance of altcoins outside the high caps. If this is currently a bear trap and the bottom trend line is re-taken then expect a bounce towards the top trend line. Irregardless of what happens after that top trend line is hit; this would mean that short/medium term the smaller market cap coins are in for a bullish few months!
Remember - look for this bottom line to be re-captured in the next few weeks!
Remember - look for this bottom line to be re-captured in the next few weeks!
Note
Since posting, others.d has reclaimed the trendline and re-tested it as support!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.