Welcome to this quick Update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
The Total2 which shows us the total marketcap excluding BTC.
Looks bullish and we can see an inverse H&S formation.
The candle already broke above the neckline support.
Once we see a daily close above the $1.35 trillion mcap.
It could easily pump towards the $1.65 trillion mcap.
The index is trading above all important EMAs in this 8 hour chart, shows bullishness in altcoins.
Every single altcoin will pump like crazy if this pattern pays out perfectly.
I was bearish a few days back TBH, Since it got rejected from the resistance but eventually rallied again to form the right shoulder of this pattern.
On confirmation I will be posting futures and spot calls soon.
We will not miss the last quarter gains.
Invalidation of this chart will be a close below 21MA, Currently $1.3 trillion.
What's your thought on this?
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Thank you
#PEACE