CRYPTOCAP:TOTAL2   Crypto Total Market Cap Exclude BTC, $ (CALCULATED BY TRADINGVIEW)
The total2 h&s pattern has a perfectly level neckline and price action is now going down to test it right now. I will not be bullish or bearish on the overall market until I see it confirm either a breakdown or fakeout from this pattern. I think whatever happens on this pattern will likely give us a heads up on which direction bitcoin is going to ultimately head. In the shorter timeframes the bears are definitely in control here but the bigger time frames are still a tossup. If I see a fakeout occur on the neckline of this total2 h&s pattern I will likely ladder in small amounts of a few different alts. Not financiaL Advice just my current plan. If it confirms a breakdown then 8.5k and possibly lower on btc becomes very probable.

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