Total2usd
ETH Holding the Altcoin Scene Back - Read!It can be seen on the chart that excludes bitcoin and ethereum that alts have been popping off. With a Gaussian Channel that is green.
The market cap that includes ethereum the Gaussian channel can be seen to be still red.
Once this turns green the real altcoin rally will begin.
I still believe that it is alt season when TOTAL2% > TOTAL in either direction, positive or negative, it is alt-season.
Go long Ethereum, Marry the market.
Total2 market bounce off trendline?does appear that for now the total2 market cap is holding bullish trend.
saw some pretty legit FUD about floods in China, but china is a massive area, much of which is highlands to my knowledge.
Unsure how weather events could impact such a robust and dynamic economy at least for a couple more years till the weather events really take charge.
imo still bullish till nuke or clear volatile top.
Critical Junction Alt MarketScallop may pullback completing the inverse H&S
Scallop may pop off
This is simply a critical junction
Currently sitting under MA lines
Scallop has reached horizontal level
I assume this is also a critical junction for TOTAL
Id like to think the scallop has been building momentum and this is bullish.
Altcoins = Moon Mission! (TOTAL2)Monthly on Crossover strategy top chart is firing green with a doji on a breakout.
We are aligning it with the ema dots on the bottom which is also firing green.
I'm excited to see what june brings to the cryptocurrency market.
Hopefully this is the start of the next major bull cycle!
HODL
🥇MLT | MAJOR LEAGUE TRADER
Misconceptions about Alt season - ReadI have been watching the altcoin market (total2) and total market for quite some time now and believe it is Alt season when total2's % value is greater than total
This is a good time to be buying up alts in the short term
Total2's % value being greater than total is often the case you will find if you watch it for some time too, hence why i call it the wild little brother.
I see people many calling Alt season (myself included in the past) when more often than not the market is in an alt coin favored state
Just my current thoughts on alt season. Market has been performing well.