Ascending wedge on Total2 Marketcap
Total2 marketcap is inside an ascending wedge and has just touched the rising diagonal support. Several altcoins have been seeing increased buying volume and OBV along with bullish reversals on the RSI and MACD.
The OBV of Total2 has had higher lows after every dip suggesting more momentum could be possible.
Altcoin market cap now: ~60Billion $
Altcoin 2018 peak market cap: ~450Billion %
These increased volumes suggest more retail and institutional grade investors have been investing in bitcoin alternatives and many of these companies are partially ready with their products. 2020 will be the year of crypto.
On the other hand, bitcoin dominance is heading low while Total Marketcap (Bitcoin + alts) is going up further supporting the theory.
*Note. This is not financial advise. Please do your own research.
The OBV of Total2 has had higher lows after every dip suggesting more momentum could be possible.
Altcoin market cap now: ~60Billion $
Altcoin 2018 peak market cap: ~450Billion %
These increased volumes suggest more retail and institutional grade investors have been investing in bitcoin alternatives and many of these companies are partially ready with their products. 2020 will be the year of crypto.
On the other hand, bitcoin dominance is heading low while Total Marketcap (Bitcoin + alts) is going up further supporting the theory.
*Note. This is not financial advise. Please do your own research.
Comment:
Correction: Its more of a bullish pennant than ascending wedge.
