Been tracking TOTAL2 or Crypto Total Market Cap excluding BTC. And as Bitcoin closed weekly candle above the 0,618 fib I have to be bullish until invalidated. Same for ETH, its also playing out, check out my TA on both here. Now, ALT's or the rest of Crypto, where are they heading?
As the last cycle, (orange circle) after the breakout we had a few months of consolidation before the breakout of the range high. (yellow line). This cycle, exactly the same.. Also in the indicator below, printed 3 green dots and 2 red before the money flow increased, just like now. For confirmation we need this monthly candle to close above.
But in the weekly time frame we have confirmation, last week closed above so we should see a rally for alts, and a retest in coming weeks. If a succsesfull retest then its basicly up only for one year. Is it possible? Am I in disbelief after the bear market?
My idea also comes from when I look at ALT's, e.g 
For context I leave you with this comparison of where I think we are in the cycle according to elliott wave theory. I held mana from the bear market 2018 and it still did 40x. So why shouldn't SPS do it? What do you think 
I hope you enjoyed reading and leave a comment If you want to see more ideas in the future.😃
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BTC update - 48k hit ✅ Whats next? What about ETH?
Christopher
Kristiansand, Norway
Source: Photos are chart-screenshots by me from Tradingview.com
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