ALTCOIN MARKET CAP UPDATE:
The current market situation is baffling, TBH, its a mess and lots of FUD.
Anyways, here's an update on the ALTMCAP (TOTAL2).
On 12th May 2021, we saw the Total2 reaching its highest point at $1.418 Trillion, and from that point, within 11 days it dropped to $619.6 Billion. It was a huge blow on everyone's face as...
Right Now the market is highly reacting to all the FUDs from China and Elon.
Daily RSI are at the Top, Situation Not Good for Trading.
Better to be in 70% USD and only 30% for Active Trading(scalp).
Flag can be Bullish or Bearish.
If Total Holds for the weekend and breaks trend upwards, and when Retest is done, Nice Position to open Long
If Total Do not Hold for...
Market Cap of Alts!
Right now testing 100 MA
Will it hold? Lets see!
I feel it will! Party isnt over!
But if not , you know we are heading toward 200 MA and that will cause a lot of panic and blood! :)
I am looking at TOTAL2, the index for the total cryptocurrency market capitalization excluding Bitcoin ... Calculated by Trading View...
Here we have some signals to look at that can reveal potential scenarios for the future of the altcoins market capitalization... Let's take a look:
First let's notice the "support trendline" which is now in play. If this...
Alts Cap Increasing & Weekly Candle Closed Above Support More Possiblites For Move Upward
If Alts Cap Holds Supports Then #ALTS_Season Ahead
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