🤔 Should we expect altcoins to recover?

Bitcoin feels quite good right now. But, what is happening with the altcoins? Let's analyze it using the TOTAL3 indicator as an example.

Ⓜ️ TOTAL3 is the market capitalization of all cryptocurrencies except Bitcoin and Ethereum. This is the main indicator of the altcoin market, but it has two drawbacks:

1. It includes the market capitalization of stablecoins, which have nothing to do with the altcoin market.

2. It does not measure the price of the coins, but their capitalization.

However, we have nothing better 🤷‍♂️.

The daily timeframe of this indicator shows a picture similar to Bitcoin two weeks ago 💰.

There was a breakout above the upper limit of the "bullish wedge" formation 🪧. Currently, there is also consolidation above the 50 and 200-day EMAs.

Altcoins, as always, lag a couple of weeks behind Bitcoin. We expect an upward movement in them soon.

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