TOTAL3 -- is mcap for altcoins (minus ETH)
XRP -- is an outlier due to the recent event, so taking that out to filter some noise
What we see here as a result is TOTAL3-XRP , which is indicating altcoin party may be over.
Not to say , there won't be any "pumps" here and there, but money is not likely to be rotating from
BTC
ETH
into #ALTS , rather from one alt to the next and specially microcaps may see some large moves , as they are easy to manipulate, at least for the next couple weeks , while we range or test lower, until BTC can find support
Caution advised for MOON boys.
XRP -- is an outlier due to the recent event, so taking that out to filter some noise
What we see here as a result is TOTAL3-XRP , which is indicating altcoin party may be over.
Not to say , there won't be any "pumps" here and there, but money is not likely to be rotating from
BTC
ETH
into #ALTS , rather from one alt to the next and specially microcaps may see some large moves , as they are easy to manipulate, at least for the next couple weeks , while we range or test lower, until BTC can find support Caution advised for MOON boys.
Trade closed: target reached