Welcome to this quick update guys. In my last update, I mentioned the $800 billion target for Altmcap and a green week for Altcoins and it happened.
What do we expect next in this chart?
As per this 2 hour chart ALTMCAP breached the $800 billion mcap and closed above it in 2-hour. It's highly likely to pump to almost $870 billion keeping in Mind BTC doesn't start fuckery here.
With this rally, Altmcap will reach the top of this rising channel.
During these times it's better to take long /short positions and close ASAP. Holding could be painful here.
What's your thought on this? Will it pump the way it did before?
Your Likes/comments give me the motivation to post frequent updates. I need your support to help you. Thank you and do hit the like button and share your views in the comment section.
Stay safe
#PEACE
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ALT MCAP looks good so far. I think we will see more upside from here. Resistance is around $823 billion. Once we break this level 1 Trillion won't be so far!
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We're near the invalidation level. breaking the rising wedge pattern.
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Welcome to this quick update. In my last update, I said if ALT Mcap CLOSES BELOW 738 Billion altcoins will be bearish AND YET WE SAW dump in ALTCOINS but it didn't follow how I expected. Just shifting a few trendlines and I got the chart above. Looks like it's still under the channel and a bounce is likely from here. It will take some time with sideways action or even little pullbacks during the weekend. Close below this channel could create a panic in the altcoin market with blood everywhere. Let's hope we see a bounce from here.
Let me know your thoughts on this.
Thanks for reading, Do hit the like button if you like it and share your views in the comment section.