Crypto Market Is Recovering From Support; ALTseason To Resume?Good morning Crypto traders! No major changes in the Crypto market since yesterday, but we can see the Crypto TOTAL market cap chart recovering nicely within wave (C) or (3) as anticipated on September 1st:
There may still be room for more upside as the US Dollar Index (DXY) continues to weaken. S
Key data points
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Open
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Day's range
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About Crypto Total Market Cap Excluding BTC, $
Bitcoin is quite a heavy-weight fighter which makes it difficult at times to correctly define how the crypto market is doing — it just outshines other coins, and you can't see clearly. Since Bitcoin presents such a huge piece of the crypto pie, excluding it from counting sounds reasonable and lets you see a more clear picture of where the crypto market is moving at the moment. That is what you can see on the chart we've prepared — calculated by TradingView, it displays global crypto market cap without Bitcoin's share.
TOTAL2 - What Could A Massive Breakout Look Like? Just plotting some bars patterns in yellow on TOTAL2.
Showing my thoughts on how a strong strong breakout might look like
I really don't know how high it could go but I still think we are very bullish.
Breakout from the trend line in yellow aswell.
Comments are welcomed.
TOTAL2 - Very Strong Bullish Favor This trend line is amazing. I know its the regular chart rather than the log but it can still be applied.
Look at the current position on the trend line and the candles that are progressing
A massive breakout is coming for alts
XRP and ETH are leading this breakout I believe
VERY bullish
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.