Alts Market Cap is potentially forming a descending broadening wedge but it also faces the fact that the daily 200SMA (red line) may not hold in the current conditions. BTC continues to rip alts and we can’t be sure where or when it will stop. Again my Bullish sentiment is more inclined for an alts season starting in the next 2 to 4 weeks but I can be wrong and alts may keep going down.

Daily Alts Market Cap
Categories: Analysis