Yesterday we analyzed bitcoin dominance and noted a good area for altcoin buying. Today we will analyze another very important index - Total Altcoin Capitalisation Index excluding bitcoin.
From a technical analysis point of view, we see a positive cup-and-hand pattern, if this pattern materializes and the price consolidates above the green line, altcoin capitalization could reach two trillion dollars.
The bad scenario is if altcoin capitalization goes below the low of $1 trillion.
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P.S. I personally will open entry if the price will show it according to my strategy. Always make your analysis before a trade.
saw the same thing in the other.d and btc.d on the weekly yesterday. BTC seems set to potentially rally hard. After that an alt rise. It could be wild.