Total Market Cap Exc Bitcoin - Key moment

We are at a pivotal moment here for the total Altcoin market cap, there are 3 resis /support bands in place, if we can hold above the purple and close above today, then this indicates a stronger bullish trend. It is decision time for the altcoin market cap, if it can break the 100 on the FIB level, this would totally be a great indication for the alts to progress much higher in the next leg up.

Still waiting overall on some signals, typically carried out by one of the larger altcoins to lead the way. I've yet to see this.

* Trade at your own risk, this is not financial Advise *

Let me know your comments/thoughts down below.

Commentaire:

Press play- you can very much see that perfect retest and retrace back to the 0.786 Fibo level, and a very nice bounce off of it. This definitely indicates bullishness in the altcoins, if we have broken down, it would mean possible longer waiting time, but this does signal upwards movement and nearing of Alt Season, I am still waiting for some other kinda of signals, basically, we want to see some larger cap alt coins to start learning the way, then we will for sure know it has begun. IF BTC continues upwards from here to 58-60k and then starts moving sideways, that would also be a very good signal for alt coin market.