Over the past couple of weeks, there’s been a noticeable decrease in altcoin trade postings, and there’s a valid reason for this. For over 14 days now, the TOTAL3 market cap, which excludes BTC and ETH, has been in a consolidation phase, fluctuating within a tight 5% range. This indicates that most altcoins have been circulating the same funds, leading to few viable trade setups.
Additionally, BTC has not been providing clear signals about its immediate future, despite a general bearish sentiment among us at Skribr. This uncertainty, combined with the stagnant TOTAL3 range, implies that current trades are somewhat speculative, barring a few quick scalp trades.
For those not regularly monitoring TOTAL3 in their trading, I strongly recommend adding it to your watchlist. It’s a valuable tool for gaining insights into broader market trends like this. Keep a close eye on TOTAL3 and BTC; once they indicate a clear direction, it will open up many more trading opportunities.
Over the past couple of weeks, there’s been a noticeable decrease in altcoin trade postings, and there’s a valid reason for this. For over 14 days now, the TOTAL3 market cap, which excludes BTC and ETH, has been in a consolidation phase, fluctuating within a tight 5% range. This indicates that most altcoins have been circulating the same funds, leading to few viable trade setups.
Additionally, BTC has not been providing clear signals about its immediate future, despite a general bearish sentiment among us at Skribr. This uncertainty, combined with the stagnant TOTAL3 range, implies that current trades are somewhat speculative, barring a few quick scalp trades.
For those not regularly monitoring TOTAL3 in their trading, I strongly recommend adding it to your watchlist. It’s a valuable tool for gaining insights into broader market trends like this. Keep a close eye on TOTAL3 and BTC; once they indicate a clear direction, it will open up many more trading opportunities.