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Nick010

Altcoinmarket has bottomed out, bullish fractal will play out?

Long
Crypto Total Market Cap Excluding BTC, $ (CRYPTOCAP:TOTAL2)  
Nick010  
CRYPTOCAP:TOTAL2   Crypto Total Market Cap Excluding BTC, $
Support and Resistance Fractal altseason ALTS altcoins altseason2020 altcoinsvsbtc altsareback altslong altcoinsrally altcoinmarket
12
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supportandresistance fractal altseason alts altcoins altseason2020 altcoinsvsbtc altsareback altslong altcoinsrally altcoinmarket
The altcoin market seems to have bottomed out.
Looking at basic support and resistance on the monthly, we see that we bounced off the strongest support in the altcoin market of 54 billion USD, which had touches of 8 monthly candles (opens, closes and wicks). In addition to this, January is showing us a monthly bullish engulfing candle so far. The last time the monthly bullishly engulfed at the bottom, the altcoin market grew 233%.

This monthly fractal strengthens the bullish altcoins fractal on the Daily chart I shared on January 12.

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