Altcoins Local Bottom? Think Again

(Opinion)

A local floor may be forming in the altcoin market.

CM_Williams_Vix_Fix_Finds Market Bottoms Indicator is starting to form one on the 1-hour. This may be short lived though.

The DXY still have room to move upward after its first few hours being open. This could potentially push the TOTAL / TOTAL2 down further.

4-hour charts for the TOTAL / TOTAL2 also have much room for a continued move down if we break this support level.

Bulls beware. It's going to be an intense week with the FOMC meeting on the 13th & 14th.