#ALTCOIN SEASON only if it happens!!!

Welcome to this quick update, everyone.
I got many requests for analyzing the Altcoin Marketcap
BTC has been acting strangely these days and I am more of a TA guy rather than the fundamentals.
TBH Fundamentals play a very major role in Crypto.
But charts always give us a hint ahead of the news, doesn't matter Bearish or Bullish .

Let's get straight to the chart:-

The TOTAL2 represents the Total Altcoin market cap.
According to this chart, the Alt mcap must rally towards $800 billion in the next few weeks keeping in mind the $733 Billion mark holds.

Currently, we are at an important level of support.
Observe the channel support as well as the Yellow trendline.
Trying to breakout positively. Breakout and a bullish retest confirm the uptrend in altcoins which will eventually give us a green altcoin week.



What's your thought on this?

Do you think Alts will rally?

Share your views if you have any in the comment section and do not forget to hit the like button if you like my updates.

Thank you


#PEACE

评论:

As per this 2 hour chart ALTMCAP breached the $800 billion mcap and closed above it in 2-hour.
It's highly likely to pump to almost $870 billion keeping in Mind BTC doesn't start fuckery here.

With this rally, Altmcap will reach the top of this rising channel.

CLICK ON THE CHART BELOW TO READ THE FULL UPDATE!