CRYPTOCAP:TOTAL2   Crypto Total Market Cap Exclude BTC, $ (CALCULATED BY TRADINGVIEW)
In front of you the weekly of Altcoins market cap.

Since start 2018 we are in the big triangle. This is a big one, with several resistance lines, so it's difficult to make a realistic forecast, I'll give it a 50/50 chance. Triangles are actually an continuation pattern so will break mostly "trendwards"

A very possitive thing is that we broke the boring downtrend

Since start 2018 we are in the big triangle. This is a big one, with several resistance lines, so it's difficult to make a realistic forecast, I'll give it a 50/50 chance.

This one is a descending triangle with an outcome of 60/40 downwards so the downwards pressure is high.

Also the strong resistance of the triangle is coming next weeks and the horizontal resistance also. These two are crossing (marked with a circle). That horizontal one is also give an extra pressure downwards.

After breaking the lower support of the triangle or breaking the strong resistance check for a beartrap or bulltrap.

I'll keep you up to date.

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