Crypto Total Market Cap 2, which includes all the altcoins is printing a beautiful harmonic pattern. The next few weeks will be decisive and give the direction where we will be heading in the next couple of months. I remain very bullish due to its constantly rising volume and interest in the space. RSI looks also bullish, printing higher lows for more than a year.
This is a Monthly Total Market Cap view for all altcoins (excludes Bitcoin)
2 Lower Highs are Shown with the red lines and corresponding red arrows
What altcoins need to do:
(1) Break and close above 1st lower high for a month at $116B
(2) Break and close above 2nd lower high for a month at $142B
We of course do not need to accomplish both in separate...
In my last idea on Total2, I predicted a 50% drop in Alts. Little did I know that this 50% drop would happen so quickly. Now we see the index found support and on the rise. On face value it looks set to reach the top exponential decay curve at around 106 Billion. But looks are deceiving. We can see that there is a lot of resistances that the index must surpass in...
Altcoins will see a huge bullish breakout from consolidation range.
I expect us to reach 118B and if we break above that level its moon time from here!
If 38B fails as support things would get bloody for longer.
simple TA simple plan.
Straight forward and profitable.
If volume continues to pick up, and breakout above the trendline. I anticipate another 30Billion+ to be added to the market. Here is a look at some the Top 50 US Companies by market Cap. Crypto is very very important now, as its Market Cap is higher than some of the 50 US Companies by Market Cap
I AM NOT GOING TO PROVIDE FUNDAMENTAL ANALYSIS OF THE CRYPTO-CURRENCY MARKET!
HOWEVER, FUNDAMENTALLY, THE OVERALL CRYPTO MARKET IS SATURATED AND FOR THE CRYPTO-CURRENCY INDUSTRY TO TAKE OFF, A CULLING MUST OCCUR!
ALIGNING MYSELF WITH THE AUSTRIAN SCHOOL, I CANNOT HELP BUT BELIEVE IN BITCOIN'S EVENTUAL DISAPPEARANCE, ALTHOUGH I THINK THIS WILL OCCUR IN THE DISTANT...
Here is my alt coin market cap chart I made last month and so far everything seems to be following the way I thought. The only issue really is that I am bullish on $BTC.D which would imply that alts stay sideways for the time being. But once the BTC bulls have the price they want ($9600 Imo) alts will probably play catch up in a big way.