ALTS MARKET CAP – Weekly Chart Update. ALTS MARKET CAP – Weekly Chart Update.
Altcoin market cap is respecting a rising support trendline, keeping the higher-low structure intact.
The recent pullback looks corrective, not a breakdown — price is consolidating above trend support.
Major liquidity zone/resistance sits around the 1.6T–1.7
Crypto Total Market Cap Excluding BTC, $
No trades
Key data points
Previous close
—
Open
—
Day's range
—
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.
Total 2 - Weekly Bearish DivergenceThis has already been playing out for a couple months now, but I wanted to outline a few key things.
First, take a look at the massive bearish divergence that was created on total 2. We had a series of higher highs being created with marketcap while at the same time creating a series of lower highs
Tipping point for alts - Potential Massive altseason ahead.The Total Alt market cap is really reaching a tipping point.
There is a good chance that it will go up as there is plenty of liquidity out there and precious metals just proved it.
If only a fraction of that pours into alts then we shall witness a alt season like never before.
We have been in
#ALTCOIN MARKETCAP UPDATE, LOOKS GOOD, HERE'S WHY!!While BTC may move toward $106k and potentially end up as a technical trap, as mentioned in my previous Bitcoin chart, I’m open to being wrong unless proven otherwise.
That said, capital is likely to rotate into altcoins. Based on the chart above, we could see a short-lived rally in altcoins. The G
Alts May be Due for Another Dip Before a Major BouncePotential Ending Diagonal Formation
It appears that we are in the midst of an ending diagonal, potentially printing Wave-4 of the diagonal to the downside. Ending Diagonals often occur in the 5th primary Wave position. And with Wave-5 of the ending diagonal marking terminal.
Cycles often occur in
TOTAL Market Cap — Still in a Bullish CycleThis idea is meant to provide perspective and a bit of reassurance during the current correction
At the moment the TOTAL still has some downside potential — roughly 11% (bottom of blue support zone =Max pain zone?)
As long as price remains above this level the market stays within a bullish/rising
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 value movements over previous years to identify recurring trends.









