OTHERS Market Cap Monthly Candle close colours tells a Story
OTHERS - Top 125 coins MINUS top 10 by Market dominance.
OR The MID to LOW caps ALT coins.
The closeness of these Candles close colours tells a Story to me
There are only two months since 2017, where the count is not 6 to 5
Febusary has the biggest difference with a majority GREEN at 8 - 3
But that had little effect this cycle with the last 5 Months ( including this april) being RED
There is only ONE occasion that has happened before, and then went on to be 9 consecutive RED months and that was after the height of the ALT Season in 2017
The only positive I can offer here is that, After the RED March, April was Green on 3 occasions.
What we can take away from this is that the MID to LOW cap ALTS are NOT seasonal, it is a Hit an dMiss chance of taking the right coin at the right time and trading
You will also notice how the Actual Market Cap is currently LOWER than the height of the 2021
Infact, this is true for ALL the Market Caps EXCEPT TOTAL
This Very Clearly shows us all that it is BITCOIN that holds the market up and it is that Dominance that has Hurt ther ALTS so much.
Will this change ?
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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.
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.