TOTAL2 - Alts still look very bullish!
Yo, dawgs
At a chart you can see capitalisation of total coins, except of Bitcoin, on a weekly TF.
Even after massive drop, we maneged to hold 20MA (yellow line), that is main indicator of bullish trend.
Also, I draw fib circle, that may help you navigate in trend dynamics.
Technically, we can drop even low, to the red line, and still be in main bullish trend, but that would be bad. Very bad.
Fundamentally, I don't think we will have growth as in 2017 in 130k %, because those growth was based on manipulation vs BTC pairs and ICO scams.
If BTC dominance won't fly to the moon, I think we can reach +-5T this cycle.
That's all, folks.
At a chart you can see capitalisation of total coins, except of Bitcoin, on a weekly TF.
Even after massive drop, we maneged to hold 20MA (yellow line), that is main indicator of bullish trend.
Also, I draw fib circle, that may help you navigate in trend dynamics.
Technically, we can drop even low, to the red line, and still be in main bullish trend, but that would be bad. Very bad.
Fundamentally, I don't think we will have growth as in 2017 in 130k %, because those growth was based on manipulation vs BTC pairs and ICO scams.
If BTC dominance won't fly to the moon, I think we can reach +-5T this cycle.
That's all, folks.