Crypto Total Market Cap Excluding BTC, $Mis à jour Altcoin market capitalization, impulse wave scenario
Hello,
yesterday I posted the correctional wave scenario forTOTAL2, please check out the attached TA.
Here I project a possible impulse wave scenario for alt cap.
Lets assume that the former orange trend is now our resistance, the market has shifted in a slower paced uptrend (violet dashed line) and just started wave III.
Confirmation might be created by breaking the grey downtrend with a solid close above it. As always a retest of the former resistance will fortify the projected price action.
A bullish pattern that might form, is the W created by B -> C -> I -> II ?-> III.
The overall structure forms some kind of pennant, but I don't like its structure nor the time-frame.
As always this is not a direct advice concerning your asset management.
Trade safe
Nik
yesterday I posted the correctional wave scenario for
TOTAL2, please check out the attached TA.Here I project a possible impulse wave scenario for alt cap.
Lets assume that the former orange trend is now our resistance, the market has shifted in a slower paced uptrend (violet dashed line) and just started wave III.
Confirmation might be created by breaking the grey downtrend with a solid close above it. As always a retest of the former resistance will fortify the projected price action.
A bullish pattern that might form, is the W created by B -> C -> I -> II ?-> III.
The overall structure forms some kind of pennant, but I don't like its structure nor the time-frame.
As always this is not a direct advice concerning your asset management.
Trade safe
Nik
Note
Lets see if the retest is one, breaking the grey line downwards implies that wave C of the attached bearish analysis has become much more plausible.
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.