Total Market Cap - Time for a Boost?
Likely yes, more likely than a dump for the reasons i have covered in my previous post here:
Question i get a LOT these days: ''Why BTC flies but most ALTs don't''.
Well that is usually the case, Bitcoin needs to rise first, them some money leaves BTC for ALTs.
Let's look at 3 charts that are in favor of a good ALTs mini-season ahead:
1. ETHBTC on support:
Bitcoin flies first, can ETHEREUM, the second biggest crypto and First ALT follow? Answer is very probably yes.
Shanghai is on but that's not scary news, maybe the contrary: Link
chart:
snapshot
2. BTC Dominance at Resistance
Good for alts. Some money can flow from BTC to ALTs.
Chart:
snapshot
3. Crypto Total Market Cap on Support
Chart:
snapshot
Also note the fundamentals:
Inflation drops, Feds admit they are close (or late) to stop hiking: Link
One Love,
The FXPROFESSOR
Question i get a LOT these days: ''Why BTC flies but most ALTs don't''.
Well that is usually the case, Bitcoin needs to rise first, them some money leaves BTC for ALTs.
Let's look at 3 charts that are in favor of a good ALTs mini-season ahead:
1. ETHBTC on support:
Bitcoin flies first, can ETHEREUM, the second biggest crypto and First ALT follow? Answer is very probably yes.
Shanghai is on but that's not scary news, maybe the contrary: Link
chart:
snapshot
2. BTC Dominance at Resistance
Good for alts. Some money can flow from BTC to ALTs.
Chart:
snapshot
3. Crypto Total Market Cap on Support
Chart:
snapshot
Also note the fundamentals:
Inflation drops, Feds admit they are close (or late) to stop hiking: Link
One Love,
The FXPROFESSOR
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