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Crypto Total Market Cap Excluding BTC, $CC

Crypto Total Market Cap Excluding BTC, $

974.95 BUSDR
−3.52 B−0.36%
As of today at 09:28 GMT
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TOTAL2 trade ideas

Altcoins haven't stopped correcting Altcoins had made a good recovery since the begining of this year. However, after touching the resistance of the current descending channel in mid April, altcoins have continued to correct. This correction was also confirmed with the rejection of CMF volume indicator by its trendline. This week, the MA200D was broken down. This means that bears are controlling the game. From my personal standpoint, alcoins' market cap (excluding BTC) would revisit the level at the end of laster year, in a few months. This means that they would lose 20%-25% of their current values. Reversal is expected to happen once the market cap see its support trendline. After that, altcoins would recover slowly when the BTC's halving approaches (end of April 2024). What do you think about this analysis?
C
by evasivesteering
2
Total 2:Open a short position below 546.907, which means the correction of the coins. If the Bitcoin Dominance goes up when the bottom falls, the altcoins will not correct anymore, they will fall. You can go to open a short position on the altcoins. If the coin breaks the shoe, it means start turning green, the altcoins will drop. If one percent drops, the altcoins will drop five percent. It will be risky for a long position above 552.394, but if you want a safe point, form a box after it suffers. Open 562 long positions After 617, altcoins start to explode
C
by rmitaryan
ALT-SEASON or NOT ? ALT-SEASON or NOT ? So how do we understand this? Altseason To understand this, I checked the whole market by doing very detailed study. I share the charts that I find important on the subject. The most important charts are: 1-) Btc Dominance 2-)Eth/btc 3-)Eth/usd 4-) Total2, Total3 marketcap 5-)Others dominance 6-)Others marketcap 7-)BTC/USD 8-)XRP/BTC 9-)LTC/BTC I recommend you to check all charts to fully understand. And thank you 1-) Btc Dominance First one, btc dom. I dont except impossible levels like 60-70. Looks like we have come to end of the road 🗡 ready >>>waterfall 2-)Eth/btc The rise of ETH means the rise of altcoins. Strong Eth= strong altcoins ETH/BTC Most important chart imo. We have to save green line ! 3-) ETH/USD ETH/USD 4-) Total2 marketcap/ exclude btc Total3 marketcap/ exclude btc and eth 5-)Others marketcap 1w 6-) Others Dominance 1w 7-) BTC(USD 8-) XRP/BTC 9-)LTC/BTC Conclusion : I think the real rise of altcoins will be in 2024. This does not mean that we will not see any increase in 2023. But my main strategy is to collect in 2023 and sell at the end of 2024. These charts are more meaningful when they come together and form a whole.
CEducation
by Cryptollica
2