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edutradinguru
Aug 18, 2021 9:22 PM

ALTS - THE RETRACEMENT OF BTC MAY BE OVER 

Crypto Total Market Cap Excluding BTC, $CRYPTOCAP

Description

Hello, another indication that the retracement of BTC is normal comes from this chart. We are using the 1Tn market cap of altcoins (excluding BTC) as a floor and as a support after breaking it upwards. This is a sign of the fact that the retracement is over, or close to its end.

Not yet time to go long for me based on this chart, but still a very interesting indicator of the general trend.

(part III)
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