The market total must exceed 370B and only if it exceeds that value, we can continue to see the alcoins on the rise. Why?
Today you will analyze 2 charts, one of the total market and the other of the total market excluding Bitcoin (alcoins)Let's see
Total Crypto Market excludes Bitcoin
As we see in this graph of the Alcoins market, which I have been analyzing for months, I had identified a large triangle where the volumes moved through the same until it broke a month ago.
At that time I made a post announcing that many Alcoins of good projects could recover their value and it was.
Graph a month ago
Graph today
Today we see that the price is testing the top line of a new channel that could be forming
The total market volume excluding bitcoin has touched 153B dollars and has started to correct, validating the channel. Not a good sign for the Alcoins. Investors are taking profits from their investments in Alcoins
Today we are at 139B million dollars, we should see what happens in the next few days, if we go down we could see a retreat to the new support of 116B
Bullish
The volume should continue to increase in the coming days and exceed 153B, which would mean that there is new capital inflow, with interest from the alcoins. This would allow the price of Alcoins to continue rising
Total crypto market
Last months
As we see in the graph, the total volume of the market continues to increase in recent months, but in the last week it has decreased due to taking profits.
This indicates that there is an inflow of money, in previous months, that is making investments in Bitcoin and Alcoins.
Last days
In the last few days we see that the volume reaches 384B and falls back, which could indicate that gains in Bitcoin and Alcoin are being withdrawn, by investors
Total market volume is above the 21-period MA average lines and the 50-period daily chart.
In the last days we see a 10% drop that leads the price to touch the average MA lines of the 21-period daily chart.
Conclusion
Bitcoin dominance in recent months has retreated and is consolidating and is showing a recovery, which could indicate the start of a bull cycle, while total market volume has increased in the weekly analysis and has receded in recent days . which means that the investments are withdrawing their earnings from their purchases of their Alcoin.
The rise of the last few months of Bitcoin and Alcoins has been due to the entry of capital to the Crypto market, but in the last week we saw that it had a ceiling at 370B.
But be careful.
But in the last days we see that the value has not increased, it has fallen and at the same time the total of the Alcoins market has fallen.
- As we know the price of Bitcoin has fallen slightly compared to Alcoins
This could indicate that if more investors do not enter the crypto market, we can continue to see corrections in Alcoins with a lower correction in Bitcoin, with a rise in the dominance of Bitcoin as the correction in Alcoins is greater.
Bad for Alcoins
The dominance of Bitcon is key, in the face of a rapid increase in the price of Bitcoin it can trigger an increase in the dominance and reduce the price of Alcoins (investors take liquidity from Alcoins to increase the price of Bitcoin).
Good for Alcoins
If Bitcoin rises moderately in price, with capital entering the Crypto market, it could allow Alcoins of good projects to continue to recover their value
What you think?
Remember to give your post a vote, Always support good content. ThanksFollow me it costs you nothing and you get a Healing Reward with Your Vote
Protect your assets use Stop loss
The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
We will continue monitoring
To be attentive
Protect your Investments
Feel free to use and share my post or graphics, but please mention, 
READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
For your vote or comment, thank you