Crypto Total Market Cap Excluding BTC, $

Long

Hope you've been stocking up.

By UnknownUnicorn5836947

Updated

BTC be damned.
It's time for alts to SHINE!

Note

Note

Note

hit pley

Note

Note

A small little secret:

I have 7 Nano- that's it.

I'm an idiot and I'll proudly admit it.

Note

Mother of God

Note

Say 'allo to my lal fran

Note

hi dad, press play

Note

Ending Diagonals The ending diagonal is a special type of wave that occurs in Wave 5 of an impulse, or the last wave of a correction pattern - Wave C of an A, B, C correction. This wave often occurs when the preceding move of the trend has gone too far, too fast and has run out of steam.

That wedge at the bottom of this screenshot is what I am almost 100% certain to be an ending diagonal. IF that is the case, it would mean the multi year run for alts has already started.

Considering many low cap coins have gone vertical, with rises on the majority of them going well above 300%+, I think it's safe to say that we are either at the literal bottom of alts, or a major wave 4 ABC correction upwards. If in the event we still have a 5th wave correction down in alts, it will be your very last opportunity to get into the biggest financial opportunity of your entire lifetime.

Low cap alts seem to have run out of steam, so now I'm guessing the profits will flood into the middle end higher tier alts. Litecoin has made a solid run which suggests money may have went to higher end caps first. Now that Nano is running, this may be the last phase of this rally for alts as well as BTC.

We will be incredibly lucky for alts to dip below their current lows again, but I'm not giving that a very high chance. I pray I'm wrong and alts haven't started yet.

Bitcoin...well, I have no fucking clue anymore. It did stop on a dime at a very major fib level around $12,350 or so. On the daily, there is severe divergence and it looks to maybe have finished a 5th subwave as well.

Fair warning- Bitcoin could have a seriously major bart here back down to the mid-lower 9k levels.

Hope and pray alts haven't started yet and hope and pray $12,500/$13,150 ish isnt the top in BTC. At this point, the higher BTC goes without giant bull volume, the harder it's going to crash when the bear divs finally kick in.

Note

I'll show back up once Bitcoin drops like a brick to say I told you so. Until then, enjoy the alt gains bois;-)

Note

I don't remember your name, but, to the one dude who asked me to...

ZRX is going a LOT higher than $6.

This will be my very last comment for quite some time. Good luck everyone, and good luck especially to you, ZRX dude. Took me over a year to figure it out, but this one's for you.

Cheers.

UnknownUnicorn5836947

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.