TOTAL2: EXIT PUMP OR START OF A NEW ALTSEANSON??
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Welcome to this TOTAL2 aka ALT MARKET CAP update. When I posted this chart a few days ago, Alt M.cap was at $440B and currently, it is trading at $476B. It is going perfectly so far. We see a huge pump in the Alts. Hope you guys followed my projection and made good money.
Now, the question is is this the start of the new Altseason or this pump will fade up in the next few days? So to get the answer to this question read the whole update carefully.
As you see in the chart, Alt M.cap is forming a descending channel in the daily time frame and currently, it is trading near the upper trendline of the channel. Here we have some resistance. So IMO, it is not worth taking new positions here until we break and close above this channel with confirmation. There is no doubt in that we see some more pumps in Alts but it is not worth taking any new positions here.
If you are holding some Alts, then book profit or partial profit and wait for the dip to take new entries.
That's all from my side. What do you think about this? Let me know in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
Welcome to this TOTAL2 aka ALT MARKET CAP update. When I posted this chart a few days ago, Alt M.cap was at $440B and currently, it is trading at $476B. It is going perfectly so far. We see a huge pump in the Alts. Hope you guys followed my projection and made good money.
Now, the question is is this the start of the new Altseason or this pump will fade up in the next few days? So to get the answer to this question read the whole update carefully.
As you see in the chart, Alt M.cap is forming a descending channel in the daily time frame and currently, it is trading near the upper trendline of the channel. Here we have some resistance. So IMO, it is not worth taking new positions here until we break and close above this channel with confirmation. There is no doubt in that we see some more pumps in Alts but it is not worth taking any new positions here.
If you are holding some Alts, then book profit or partial profit and wait for the dip to take new entries.
That's all from my side. What do you think about this? Let me know in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
