Goals Altcoins in Total Market Cap Excl BTC
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.
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.
Comment:
the daily broke out the triangle, let's wait for a positive weekly candle. If it is, the party may begin very soon.
