Search
Products
Community
Markets
News
Brokers
More
EN
Get started
Community
/
Ideas
/
Altcoins Local Bottom? Think Again
Crypto Total Market Cap Excluding BTC, $
Altcoins Local Bottom? Think Again
By WatsonsView
Follow
Follow
Dec 12, 2022
1
Dec 12, 2022
(Opinion)
A local floor may be forming in the altcoin market.
CM_Williams_Vix_Fix_Finds Market Bottoms Indicator is starting to form one on the 1-hour. This may be short lived though.
The DXY still have room to move upward after its first few hours being open. This could potentially push the TOTAL / TOTAL2 down further.
4-hour charts for the TOTAL / TOTAL2 also have much room for a continued move down if we break this support level.
Bulls beware. It's going to be an intense week with the FOMC meeting on the 13th & 14th.
Fundamental Analysis
Technical Indicators
Trend Analysis
WatsonsView
Follow
Also on:
Related publications
Bitcoin Short @ 17,350 10x leverage
by WatsonsView
Buying SQQQ @ 41.85
by WatsonsView
Are High End Investors Sleeping on GBTC?
by WatsonsView
DXY is looking Bullish for December
by WatsonsView
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
.