CoreCrypto1

TOTAL M.CAP UPDATE! ARE THERE ANY CHANCES OF PUMP IN ALTS?

Short
CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
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Welcome to this TOTAL M.CAP update. Total M.cap is used in the reference of BTC and Alts. If Total M.cap pumps whole market starts pumping.

Total M.cap is still defending its crucial support level (Green box). We might see some more downside moves in the market and after that, we can expect a good pump.

As you see in the chart, Total M.cap forms a descending broadening wedge-like pattern in a 2-days time frame. So after hitting a lower trendline of the wedge we can expect some bounce across the board.

IMO it's better to wait for a few more days and some confirmation to take entries in Alts.

What do you think about this?
Do you also think we can see some more downside movement in the market and pump after that or do you have any other view?
Share your views in the comment section.

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