$BTC vs $TOTAL 3, broke up, made up, but what about now?CRYPTOCAP:TOTAL 3 = NO CRYPTOCAP:BTC or CRYPTOCAP:ETH
VS
#Bitcoin futures (this dictates price action, NOT spot)
From Nov 3/22 - March 3/23.
#Altcoins traded lower in December while #BTC had already bottomed.
However, the #crypto #altcoin market quickly caught up and by early January they were trading similarly.
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Until...
April - May
CRYPTOCAP:TOTAL3 decoupled and the #crypto #altcoin market began to drop FASTER & MORE than, its counterpart #BTC.
SEC FUD certainly hurt BUT this happened BEFORE that news came out. We even mentioned it many times, documented!
Come June 10-15 #Altcoins began to trade alongside #Bitcoin again.
What about now?
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CRYPTOCAP:BTC is in CONSOLIDATION mode.
Buy volume is mediocre but as long as no heavy selling anymore, that's good.
RSI must stay above 50.
Price levels > 29.75 best to hold @ worst 28.8.
CRYPTOCAP:TOTAL3 has work to do but buys are coming in. Not heavy but hopeful.
RSI looks ok.
Weekly chart:
Highs are lower BUT it did form a higher low.
1 white line will break within next 2 months!
(apologize that all the charts mentioned cannot be shown. Pls see profile for more info)