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If this Bitcoin analysis plays out we are about to see new local altseason. Altcoins is going to outperform Bitcoin. We can see that the Broadening Falling Wedge has been formed by the TOTAL3 – capitalization of cryptomarket excluding BTC and ETH. Now this wedge have been broken to the upside. Also we can see the retest of it’s upper band. I expect the target zone according to left picture, which corresponds to $1.10T. In this case the strong fundamental altcoins can grow significantly.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
If this Bitcoin analysis plays out we are about to see new local altseason. Altcoins is going to outperform Bitcoin. We can see that the Broadening Falling Wedge has been formed by the TOTAL3 – capitalization of cryptomarket excluding BTC and ETH. Now this wedge have been broken to the upside. Also we can see the retest of it’s upper band. I expect the target zone according to left picture, which corresponds to $1.10T. In this case the strong fundamental altcoins can grow significantly.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.