Altcoin Market Cap - Target - 2.5 Trillion
How do determine if its the right time to out on Alt Coin trades? Easy. Look at total Crypto Market Cap, less ETH & BTC. Long term uptrend. Market Cap Just held support on long term up trend and If we are to truly enter the Banana Zone, I’m looking to $2.5 Trillion as the top end target. Once we are at higher timeframe oversold conditions (Weekly, Monthly) average out and take profits.
This could be where the $$$ is made…
This could be where the $$$ is made…
Trade active
As predicted, Alt Coin Market Cap broke out shortly after this posed in a BULLISH manner. Look for consolidation and further break outs toward the $2 Trillion MC levels. Recommend to take some chips off the table on the way up. You can't go broke making a Profit and these markets can be volatile - in both directions.
That said, this set up is great for liquidity to flood into the Alt Coin space.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.