Alt Market Cap Not Looking Healthy
The Alt Market cap has recently broken down on market structure and retested key resistance and 200EMA 1hr. Core issue is the consolidation directly below key resistance at 356 which is looking like a dump could be incoming to me to the next supprot level at 342. It could be a little rocky for alts in the short term.
TLDR
In essence everything is pointing towards short term bear movement for the next 2-4 days and then potentially bull rally
USDT DOMINANCE
Hitting key resistance, overbought a bearish divergence and descending trendline. Equally a break out here would be huge but it is looking quite bearish which means money flow into BTC and Alts
ALT CAP EXCL. BTC &...
🤖 #BTCLIVE - 15.08 - #IDEA 🤖 - Part 3
Hmmmmm....things are looking pretty bearish
Alt Market Cap
Currently in a bearish rising wedge, RSI is over stretched now and almost overbought and any further rise 75 and above will confirm a bearish divergence. Expecting a crash from here for Alts - money will flow out of alts and into primarily USDT and BETH* I feel the...
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...
Altcoins will see a huge bullish breakout from consolidation range.
I expect us to reach 118B and if we break above that level its moon time from here!
If 38B fails as support things would get bloody for longer.
simple TA simple plan.
Straight forward and profitable.
Stay profitable.
- Dalin
