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timhku
Jun 16, 2023 4:01 AM

Lots of panic in the altcoin market,this simple chart might help 

Crypto Total Market Cap Excluding BTC and ETH, $CRYPTOCAP

Description

Lots of panic in the altcoin market, because some clown is trying to crack down on crypto. But if you zoom out and look at price, nothing has changed, we are in the bottom region and accumulation zone.
It is normal to have sharp decline and fake outs in the accumulation zone, because "they" don't want retail to be there when the market goes up, read "wyckoff accumulation" for details.
Hope this simple chart could help.
Comments
teodorsobe
thank you
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