Total2 Alts bullflag and coin culling
Updated
Just a very simple pole and flag pattern. Current Alt surge maybe a fluke. If Total2 cap drops now, 90% of Alts will die off, leaving a handful by the end of the year. But these handful will not have to share capitalization with the Alts that died off which mean they are projected to reach heights greater than many think.
If LTC survives, it can reach $5000, proving its worth and making it a more easier and practical coin to handle than a 300k bitcoin.
I don't favor ATH for coins this year because that makes the bull market shorter than the logarithmic projected target of August 2023. A shorter bull market means a bear market next year and lower ATH then for a 4 years cycle bullmarket.
If LTC survives, it can reach $5000, proving its worth and making it a more easier and practical coin to handle than a 300k bitcoin.
I don't favor ATH for coins this year because that makes the bull market shorter than the logarithmic projected target of August 2023. A shorter bull market means a bear market next year and lower ATH then for a 4 years cycle bullmarket.
Note
rejection is more apparent on the non-log scale. A weekly close red, confirms a change in trend downward.
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