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Decrazer
Aug 22, 2019 10:17 AM

Altcoins will rally soon. Long

Crypto Total Market Cap Excluding BTC, $CRYPTOCAP

Description

Looking at the weekly chart we can see:

-Altcoin marketcap has been following this clear trendline for the past few years and its about to touch it again.
-If we look at the ichimoku cloud, we can see that the past is repeating itself, we're having the first rejection from the red cloud just like in 2015. Once we break through it, it will be very bullish for alts.
-Stoch RSI is also due for some upside movement

Comment

As we can see we've recently hit the trendline again.
I believe alts will have a nice rally the next few weeks.
Also October will be a good month with the next monthly candle.
Comments
Zenter
Nice analysis dude. How do you find "Crypto Total Market Cap Exclude BTC" chart in tradingview. I could not find it
Zenter
te_ragavan
@Zenter, Just type "Total2" you should get Crypto Total Market Cap Exclude BTC"
Zenter
@te_ragavan, thanks mate <3
Decrazer
@Zenter, Thanks! And to get the chart its indeed as @te_ragavan says :)
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