IF IN DOUBT ZOOM OUT 🔎
Altcoins market is bleeding right now 🩸🩸🩸
But when looking for altcoins next move, there is a graph you should always consider:
TOTAL 2 - Crypto market cap excluding $BTC
Historically, one of the most useful indicators in crypto analysis to detect #Altseason
But, why leave out $BTC ? 💎
As a heavyweight in the crypto scene, it tends to overshadow the performance of other coins and distort our perception of the overall market.
Taking it out of the equation lets us see the current state and direction of the crypto market more clearly and accurately.
Looking at the chart, it is clear we faced rejection at
1.2T level.However, despite the market turmoil we are still at higher levels and the macro structure remains bullish.
BE PATIENT ⏳️
