Total2, Alts will drop by 50% on average

Simple pattern, an exponentially decaying resistance and base support trendline. Cap met multiple resistances and was rejected forming a very bearish doji. If Total2 cap does not go up significantly this week it has changed trend.

RSI also met resistance and will retrace down.

Many thinks it is alts season because BTC dominance is waning, this is not guaranteed. BTC dominance can drop and Alts can drop as well.

Notice: I don't care if you disagree with me or your opinion about me or what you think will happen "soon", don't post criticism if it is not related to technical analysis because I will whale on you.

Kommentar:

there is a gap in the daily at 22.4 billion. I don't know if gaps are filled in this type of indices, but worth noting.

Kommentar:

looks like the gap will be filled