ALT CRYPTO CAP: double top at 1TN
Updated
ALTCAP UPDATE // I expect most alt coins to dump as we havent managed to break through the 1TN resistance level twice; forming a double top. This means alt coins can lose as much as approximately 90BN of market cap all together. Of course this will be spread over all alts and I expect some smaller coins to profit from it but overall we can expect red days for alt coins; if not a full red week. This is not suprising; given the parabola's on almost any alt coin out there... The market needs a correction to accumilate and bounce back up and lets hope that happens soon. So lets keep an eye on this chart and see where will get a bounce; next support is around 908BN; if we fall below that; we could see more dump. Because of this I expect the BTC dominance to bounce back up as BTC will not lose 90BN in marketcap and thus will lose less than most alts; therefore BTC dominance will regain strength. The coming weeks are interesting for this bull run; Im not saying this is the end, I think we can break 1TN but its a major psychological level that isnt broken that easy...
I was considering keeping this chart private but you know; I care about you guys! Alt season doesnt stay here forever! Dont get rekt and dont be greedy! Blessings to you all! Make money from the suits instead of them taking money from you... <3
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
I was considering keeping this chart private but you know; I care about you guys! Alt season doesnt stay here forever! Dont get rekt and dont be greedy! Blessings to you all! Make money from the suits instead of them taking money from you... <3
IMPORTANT: this is not financial advice, trade or invest at your own risk and research.
Note
This scenario is only invalidated if we break through the 1TN and flip it from resistance into support. Right now there is no reason to believe we will do that but again I hope I'm wrong and I can continue being a bull...Note
ALT CAP BREAKOUT: glad I was wong here guys! Alts will fly for the weekend, lets go!Note
Maybe I wasnt so wrong after all, to much eurphoria going around. Things were still fun back in January, now its just unsustainable. Thats my opinion, you can have yours...
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