Total Market Cap - Time for a Boost?

12 abr 2023

Likely yes, more likely than a dump for the reasons i have covered in my previous post here:

Question i get a LOT these days: ''Why BTC flies but most ALTs don't''.

Well that is usually the case, Bitcoin needs to rise first, them some money leaves BTC for ALTs.

Let's look at 3 charts that are in favor of a good ALTs mini-season ahead:

1. ETHBTC on support:

Bitcoin flies first, can ETHEREUM, the second biggest crypto and First ALT follow? Answer is very probably yes.
Shanghai is on but that's not scary news, maybe the contrary: Link
chart:
snapshot

2. BTC Dominance at Resistance
Good for alts. Some money can flow from BTC to ALTs.
Chart:

snapshot

3. Crypto Total Market Cap on Support

Chart:
snapshot

Also note the fundamentals:
Inflation drops, Feds admit they are close (or late) to stop hiking: Link

One Love,

The FXPROFESSOR