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CryptoAdam_
Oct 24, 2020 8:47 PM

Next move for BTC and CryptoCap 

Crypto Total Market Cap Excluding BTC, $CRYPTOCAP

Description

This is what I see as a possible next more for BTC and the altcoin market cap. BTC (left) can move toward the next daily resistance level, which is confluent with the top of the ascending channel. Here it will likely see a rejection to the bottom of the ascending channel, which is confluent with horizontal support. The altcoin market (right) will move up with BTC and see rejection at the previous daily highs, which are confluent with the mid-line of the channel (where it has seen numerous rejections before that I've highlighted with the blue circles. Simple resistance rejections and bounces back to support. From there we will see what else may be in store.
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