Altcoin Decision Time is Near...
Symbol: TOTAL2
This is a 2 week chart. Let's keep in mind how extended the first major altcoin rally was. But, let's also keep in mind that almost all alt coins are at rock bottom prices that aren't being reduced to much for the past couple of weeks. A lot of btc pair charts are showing a shift into altcoins being accumulated but not a full on pump. Bitcoin dominance is tipping from my last analysis of it on a monthly time frame. Keep in mind that the altcoin cycles are more likely to occur when dominance starts to spread out and decrease. Based off the last major drop on btc dominance for the 2017 rally was the tipping point. I think we are about to see a big decision move on alts once we figure out what we want to do with this range. I personally think its accumulation for another major cycle. Keep in mind that in 2017 the major rally with the icos and alts was all ran on offerings to the public to raise brand awareness and a clear hedge move. Now over 3 years we have developed these ideas of tokens into real working products. Cryptocurrency is my favorite asset class and I'm not going to miss the opportunity. Scout alts and diversify for long term moves. We want to capture all of the next rally on 2 week time to a monthly stand point. Have a good day. Follow for daily analysis 🤠
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Thank you for your continued support, God bless.
- Major League Trader
This is a 2 week chart. Let's keep in mind how extended the first major altcoin rally was. But, let's also keep in mind that almost all alt coins are at rock bottom prices that aren't being reduced to much for the past couple of weeks. A lot of btc pair charts are showing a shift into altcoins being accumulated but not a full on pump. Bitcoin dominance is tipping from my last analysis of it on a monthly time frame. Keep in mind that the altcoin cycles are more likely to occur when dominance starts to spread out and decrease. Based off the last major drop on btc dominance for the 2017 rally was the tipping point. I think we are about to see a big decision move on alts once we figure out what we want to do with this range. I personally think its accumulation for another major cycle. Keep in mind that in 2017 the major rally with the icos and alts was all ran on offerings to the public to raise brand awareness and a clear hedge move. Now over 3 years we have developed these ideas of tokens into real working products. Cryptocurrency is my favorite asset class and I'm not going to miss the opportunity. Scout alts and diversify for long term moves. We want to capture all of the next rally on 2 week time to a monthly stand point. Have a good day. Follow for daily analysis 🤠
----------------------------------------------------
Want to level up your trading skills?
We just realesed our new course! Follow our tradingview page and visit the link in our bio if you are looking for new strategy to add to your arsenal.
Also checkout our trading indicator available in the link on our page.
---------------------------------------------------
Thank you for your continued support, God bless.
- Major League Trader
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