Altcoin risk chart update
Here’s what’s on the chart:
🟧- total altcoin market cap - stables
⬛- risk levels (1–100)
🟪- 14 day EMA of risk levels
We've reached overextension during the past week. This can be seen from the bottom part of the chart where we've reached max extension from EMA-14. When this happens it's usually a pullback time.
I think we're either done or very close to it and will resume the uptrend to the upper risk levels...
This train is eventually headed to 90+ me thinks.