Alt Coin Macro Total Marketcap Analysis
This is a simple macro chart of the 1 Month Alt Coin Total Market Cap excluding BTC.
In reference to the previous Kraken Wick BTC Dominance chart I did (
) , I found it interesting that the month of February 2021 with the Kraken Wick is the same monthly candle that broke the previous Alt Coin Total MC ATH. Since then BTC has been losing dominance to Alts.
Another thing I am keeping track of over the next months is the monthly RSI. We have not yet hit the previous ATH RSI resistance line. In my opinion there is still a good probability that the Alt coin total market cap has room for growth.
Another thing to take note of is the previous bearish divergence at points August 2017 and December 2017 created with the Price Action and RSI. I am keeping an eye on a possible scenario of a new bearish divergence forming over the next months as a way of helping detect Topped out conditions.
This is a simple macro chart of the 1 Month Alt Coin Total Market Cap excluding BTC.
In reference to the previous Kraken Wick BTC Dominance chart I did (
Another thing I am keeping track of over the next months is the monthly RSI. We have not yet hit the previous ATH RSI resistance line. In my opinion there is still a good probability that the Alt coin total market cap has room for growth.
Another thing to take note of is the previous bearish divergence at points August 2017 and December 2017 created with the Price Action and RSI. I am keeping an eye on a possible scenario of a new bearish divergence forming over the next months as a way of helping detect Topped out conditions.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.