How do determine if its the right time to out on Alt Coin trades? Easy. Look at total Crypto Market Cap, less ETH & BTC. Long term uptrend. Market Cap Just held support on long term up trend and If we are to truly enter the Banana Zone, I’m looking to $2.5 Trillion as the top end target. Once we are at higher timeframe oversold conditions (Weekly, Monthly) average out and take profits.
This could be where the $$$ is made…
This could be where the $$$ is made…
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As predicted, Alt Coin Market Cap broke out shortly after this posed in a BULLISH manner. Look for consolidation and further break outs toward the $2 Trillion MC levels. Recommend to take some chips off the table on the way up. You can't go broke making a Profit and these markets can be volatile - in both directions.
That said, this set up is great for liquidity to flood into the Alt Coin space.
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