Alt marketcap holds alts riseTotal2 breaks trainhle in ltf needs to retest and bounce with strength to alts to regain green days.
TOTAL2 trade ideas
maintainaltcoin needs to hold above level of the market cap , below that will be confirming the altseason END.
$ALTS_CAP update falling wedge (diagonal) boom soon$ALTS_CAP update falling wedge (diagonal) completing 2nd wave between 0.618 -.786 S 68B-60B heading for 3rd wave 170B 200B 250B soon .
Crypto Total Market Cap Exclude BTC (TOTAL2) | Bulls IN BearsI 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 trendline is broken we can expect TOTAL2 to move lower and test the 0.786 Fib. retracement support level from the last bullish wave. Staying above this trendline can lead to a bounce up and test of EMA10 (79) followed by EMA50 (88).
We also have a falling wedge pattern and a neutral RSI.
Our main scenarios are drawn on the chart.
We believe TOTAL2 will grow in the coming months with potentially only one last strong drop left.
What's your take on where this index is headed?
Share with us in the comments section below.
Namaste.
ALTS Market Cap (weekly closed above support)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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Crypto altsmarket cap Update with Elliott wave count leg up soonAlts market cap
count invalid below 80B
