Bitcoin broken 60k, now Altcoin season knocking the door!!
Technical Analysis:
Welcome to this quick Update, everyone.
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The Total2 which shows us the total marketcap excluding BTC .
Looks bullish and we can see an inverse H&S formation.
The candle already broke above the neckline support.
Once we see a daily close above the $1.35 trillion mcap .
It could easily pump towards the $1.65 trillion mcap .
The index is trading above all important EMAs in this 8 hour chart, shows bullishness in altcoins.
Every single altcoin will pump like crazy if this pattern pays out perfectly.
I was bearish a few days back TBH, Since it got rejected from the resistance but eventually rallied again to form the right shoulder of this pattern.
Invalidation of this chart will be a close below 21MA, Currently $1.3 trillion.
What's your thought on this?
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Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#altcoin #crypto #nextmove #bullmarket
Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
The Total2 which shows us the total marketcap excluding BTC .
Looks bullish and we can see an inverse H&S formation.
The candle already broke above the neckline support.
Once we see a daily close above the $1.35 trillion mcap .
It could easily pump towards the $1.65 trillion mcap .
The index is trading above all important EMAs in this 8 hour chart, shows bullishness in altcoins.
Every single altcoin will pump like crazy if this pattern pays out perfectly.
I was bearish a few days back TBH, Since it got rejected from the resistance but eventually rallied again to form the right shoulder of this pattern.
Invalidation of this chart will be a close below 21MA, Currently $1.3 trillion.
What's your thought on this?
🥰If you find this helpful and want more FREE forecasts in Tradingview😍.
Please show your support back🙏,
Hit the 👍 LIKE button,
Drop some feedback below in the comment✍️!
❤️🤝 Your Support is very much 🙏 appreciated!❤️🤝
💎 Want me to help you become a better Crypto trader?
Now, It's your turn!
Be sure to leave a comment; let me know how you see this opportunity and forecast.
Trade well, 💪
#altcoin #crypto #nextmove #bullmarket
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