Simple index chart: Interesting way to look at crypto charts

I was looking at different index charts we can construct thanks to Tradingview, since a few days ago a client shared a few of these charts, and I liked how plotting LTC, ETH, BTC and DASH looked (multiplied by the supply, to get the market cap values). We have a clear bottom at support in this chart, and we can see that the market caps of all these coins can go up from here onwards, reaching the target on chart, as crazy as it may seem.

Best of luck!
Cheers,

Ivan Labrie.

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This index broke the previous all time high, quite bullish for crypto.

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Blasted past the top target, we'd need to recalculate a possible 2nd target.