alanmasters
Long

Crypto Total Market Cap Exclude BTC (TOTAL2) | UK Bulls Vs Bears

CRYPTOCAP:TOTAL2   Crypto Total Market Cap Exclude BTC, $ (CALCULATED BY TRADINGVIEW)
I am looking at TOTAL2 , the index for the total cryptocurrency market capitalization excluding Bitcoin ... Calculated by Trading View...

Here we have some signals to look at that can reveal potential scenarios for the future of the altcoins market capitalization... Let's take a look:

  • First let's notice the "support trendline" which is now in play. If this trendline is broken we can expect TOTAL2 to move lower and test the 0.786 Fib. retracement support level from the last bullish wave. Staying above this trendline can lead to a bounce up and test of EMA10 (79) followed by EMA50 (88).
  • We also have a falling wedge pattern and a neutral RSI .

Our main scenarios are drawn on the chart.

We believe TOTAL2 will grow in the coming months with potentially only one last strong drop left.

What's your take on where this index is headed?

Share with us in the comments section below.

Namaste.
💬Telegram | https://t.me/AMTrades

🌐Alan Masters Trades | Learn Crypto Trading
https://alanmasterstrades.com

✅Altcoins Signals | https://t.me/AMC1Regbot

💎BitMEX | https://t.me/BBLREGBOT

🔥PrimeXBT | https://primexbt.com?signup=110911
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out