#ALTCOINS Market Analysis
Altcoin market cap (excluding BTC and ETH) is at 828.05B on the daily, ripping through the year long descending trendline from February and clearing the steep rising channel off the August lows in one powerful move.
Bull case: hold above 800B and continue the push toward fresh highs beyond 828B.
Bear case: fade back below 770B, pulling price back toward the breakout zone near 661B.
Altcoins finally breaking the year long downtrend, or is this move overextended?
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Bitcoin Bullets® Trading
Altcoin market cap (excluding BTC and ETH) is at 828.05B on the daily, ripping through the year long descending trendline from February and clearing the steep rising channel off the August lows in one powerful move.
Bull case: hold above 800B and continue the push toward fresh highs beyond 828B.
Bear case: fade back below 770B, pulling price back toward the breakout zone near 661B.
Altcoins finally breaking the year long downtrend, or is this move overextended?
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Bitcoin Bullets® Trading
#ALTCOINS Market Analysis
Small cap altcoin market cap (excluding top 10) is at 245.79B on the 4h, pulling back from the 252B highs and holding well above the ascending trendline from mid September.
Bull case: hold above 236B and resume the push back toward fresh highs above 252B.
Bear case: lose 236B and correct back toward the trendline near 220B.
Small caps continue leading, or does this pull back with the broader market?
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Bitcoin Bullets® Trading
Small cap altcoin market cap (excluding top 10) is at 245.79B on the 4h, pulling back from the 252B highs and holding well above the ascending trendline from mid September.
Bull case: hold above 236B and resume the push back toward fresh highs above 252B.
Bear case: lose 236B and correct back toward the trendline near 220B.
Small caps continue leading, or does this pull back with the broader market?
➖➖➖➖➖➖➖
Bitcoin Bullets® Trading