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Altsmarketcap

ALTS MARKET CAPOur Toal Alt-Market Cap has just confirmed a higher time Frame (4H) breakout of the bull flag formation we were in the past week, at around $1.43 Trillion meaning that factoring in current BTC price action and BTC Market Dominance, we will likely see a decent consignation in it VIP EXCLUSIVE: Strongest resistance is currently at around $1.58 Trillion for Alt-Market Cap, meaning it’s the level that we’re aiming for in the next couple of weeks/months. If we manage to reach this level, we’re likely seeing a steep drop in BTC Market Dominance, which would remain between our current ranges and $68,000 - $72,000. -------------------- Best Regards, iSmashProfit™
CRYPTOCAP:TOTAL2
by TopGBanks
What's up with Alts Season?We can see that Bitcoin did set a new ATH, and the Total Market Cap as well did set a new ATH. Yet, the Alts Market Cap still did not. So... what's up? 1) In summer,y Alts Season did not start yet. Alts rally when BTC stabilizes for few days, but the Alts Season starts as BTC falls from its ATH of the cycle. And we are not there yet ;) 2) the Alts Market Cap can set a new ATH any day now, but still Alts are split into three categories; laggers like XRP and most Alts, leaders like ADA & AVAX and few that somehow march along with BTC from time to time like ETH. You can accordingly categorize your bag. 3) Technically the Alts Market Cap is bullish: a) above Ichimoku Cloud b) Green Ichimoku Signal c) Ichimoku Conversion line above the Signal line d) above the 8W SMA So what's missing? * RSI Breakout is still weak capped by the weekly RSI resistance; and currently at 70. => a breakout from the resistance is a must for the Alts to rally. While the RSI is at the resistance, still it may not breakout from the resistance violently in weeks time. * BTC needs to cool down for Alts to rally.
CRYPTOCAP:TOTAL2Long
by eBlockChain
Total Market Cap above the 21W EMAWhile the market, as always, got fully negative and trolls are everywhere, let's have a look at the Total Market Cap and Alts. Market Cap: 1) Both Market Caps, Total1 & Total2 are above the 21W EMA 2) Many Alts recovered fully from the dip (for example Algorand now in 40% gains today). 3) BTC has a hidden bullish divergence on the RSI. So what does this tell us? 1) It is normal to have a 20% correction in a bull run. 2) We are still in a healthy bull market 3) Many traders bought the dip Is the dip over? No, it is not. We are to expect a relief in the coming days followed by another dip. The daily RSI and 4H RSI need to set new highs and new lows to create a pattern for the market forecast from here. Should you buy the dip? I will never answer that to anybody. It all depends on the timeframe you're trading and strategy. Personally I loaded tons of XRP... holding till we reach ATH of this cycle.
CRYPTOCAP:TOTALLong
by eBlockChain
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