Altcoins - Bottom in / Recovery in Progress
After BTC's recent slip to 58k we have seen altcoins massively hold support in comparison. Across the board we have seen altcoins create double bottoms and bullish divergences (will be posting more charts on this later.
Right now, We are seeing a breakout on "OTHERS". Crypto market cap excluding top 10. It recently broke out of a falling wedge, retested it, and is trying to push higher.
We also see a massive bullish divergence created on the 4H and higher time frames. We saw a lower low in price action followed by a higher low on our strength index.
Right now, We are seeing a breakout on "OTHERS". Crypto market cap excluding top 10. It recently broke out of a falling wedge, retested it, and is trying to push higher.
We also see a massive bullish divergence created on the 4H and higher time frames. We saw a lower low in price action followed by a higher low on our strength index.
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