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Crypto Total Market Cap Excluding BTC, $Crypto Total Market Cap Excluding BTC, $Crypto Total Market Cap Excluding BTC, $

Crypto Total Market Cap Excluding BTC, $

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TOTAL2 trade ideas

Altcoins haven't stopped correcting Altcoins had made a good recovery since the begining of this year. However, after touching the resistance of the current descending channel in mid April, altcoins have continued to correct. This correction was also confirmed with the rejection of CMF volume indicator by its trendline. This week, the MA200D was broken down. This means that bears are controlling the game. From my personal standpoint, alcoins' market cap (excluding BTC) would revisit the level at the end of laster year, in a few months. This means that they would lose 20%-25% of their current values. Reversal is expected to happen once the market cap see its support trendline. After that, altcoins would recover slowly when the BTC's halving approaches (end of April 2024). What do you think about this analysis?
CRYPTOCAP:TOTAL2
by evasivesteering
2
Total 2:Open a short position below 546.907, which means the correction of the coins. If the Bitcoin Dominance goes up when the bottom falls, the altcoins will not correct anymore, they will fall. You can go to open a short position on the altcoins. If the coin breaks the shoe, it means start turning green, the altcoins will drop. If one percent drops, the altcoins will drop five percent. It will be risky for a long position above 552.394, but if you want a safe point, form a box after it suffers. Open 562 long positions After 617, altcoins start to explode
CRYPTOCAP:TOTAL2
by rmitaryan