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Total2usd

#ALTCOINs in Danger? Welcome to this quick update. In my last update, I said if ALT Mcap CLOSES BELOW 738 Billion altcoins will be bearish AND YET WE SAW dump in ALTCOINS but it didn't follow how I expected. Just shifting a few trendlines and I got the chart above. Looks like it's still under the channel and a bounce is likely from here. It will take some time with sideways action or even little pullbacks during the weekend. Close below this channel could create a panic in the altcoin market with blood everywhere. Let's hope we see a bounce from here. Let me know your thoughts on this. Thanks for reading, Do hit the like button if you like it and share your views in the comment section. Thank you Stay safe #PEACE
CRYPTOCAP:TOTAL2Long
by Cryptorphic
4
#ALTCOIN SEASON only if it happens!!!Welcome to this quick update, everyone. I got many requests for analyzing the Altcoin Marketcap BTC has been acting strangely these days and I am more of a TA guy rather than the fundamentals. TBH Fundamentals play a very major role in Crypto. But charts always give us a hint ahead of the news, doesn't matter Bearish or Bullish . Let's get straight to the chart:- The TOTAL2 represents the Total Altcoin market cap. According to this chart, the Alt mcap must rally towards $800 billion in the next few weeks keeping in mind the $733 Billion mark holds. Currently, we are at an important level of support. Observe the channel support as well as the Yellow trendline. Trying to breakout positively. Breakout and a bullish retest confirm the uptrend in altcoins which will eventually give us a green altcoin week. What's your thought on this? Do you think Alts will rally? Share your views if you have any in the comment section and do not forget to hit the like button if you like my updates. Thank you #PEACE
CRYPTOCAP:TOTAL2
by Cryptorphic
9