This is the most reliable and important alts chart you will find in the internet , after altperp ftx alts goes down because of the ftx collapse , in this chart you can see the bear flag pattern , i think that this small alts rally will end and we will reach the bottom of the channel and then , i expect bearking down to the indicated lelel 120-110B for alts market cap excluding stables and ETH . (SAME THING IF WE INCLUDE ETH ) .
The pattern could not succed and the alts will go to the other direction of course , the pattern do not succeed every time !
There is bearish hidden divergence that would help to increase the possibilty of the rally termination
Another argument i need to point out is the stable coin dominance. :
This is not a financial advice.
Thank you
The pattern could not succed and the alts will go to the other direction of course , the pattern do not succeed every time !
There is bearish hidden divergence that would help to increase the possibilty of the rally termination
Another argument i need to point out is the stable coin dominance. :
This is not a financial advice.
Thank you
註釋
i will be sharing ideas from my new account : tradingview.com/u/Benterkiayoucef/
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