RUSSEL 2000 needs to rise in order for the crypto market to rise
Everytime the altcoin market have had a bullrun the Russel 2000 have gone into all time high prior to alt coins popping!
This is one element still missing for altcoins to pop.
80% of the volume stock market is in the top 10 stocks, we need to see a shift from the big companies into smaller stocks and a expansion in the russel 2000
When Russel 2000 are rising, people are willing to risk more in smaller stocks. And a marekt shift from risk off and dividents as we have now to a risk on narrative where people are buying more risky options such as small stocks/crypto havent started yet.
IF we will have a altseason, i promise you that Russel 2000 will make this move before the altcoins starts pumping!
LIKE AND FOLLOW THIS CHART, its crucial to track if you are in crypto
This is one element still missing for altcoins to pop.
80% of the volume stock market is in the top 10 stocks, we need to see a shift from the big companies into smaller stocks and a expansion in the russel 2000
When Russel 2000 are rising, people are willing to risk more in smaller stocks. And a marekt shift from risk off and dividents as we have now to a risk on narrative where people are buying more risky options such as small stocks/crypto havent started yet.
IF we will have a altseason, i promise you that Russel 2000 will make this move before the altcoins starts pumping!
LIKE AND FOLLOW THIS CHART, its crucial to track if you are in crypto
Nota
CURRENTLY THE RUSSEL HAVE SUPPORT ON THE 200day moving average on the weekly!
looking for continuation and a move into all time highs here for the index that shows the 2000 smallest stocks in the U.S stock market
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