Really interesting development for TOTAL2 (cryptomarket cap excluding BTC).

We used this chart to predict the breakout in 2019/2020 and so far we had the exact same setup happen in 2022/2023.

Now that we have been going through the expansion phase, marketcap has had a brief stallout period the has formed some sort of symmetrical triangle (yellow lines).

What is really interesting about this is marketcap has continued to hold the 1T level (bottom yellow line). Also, this week is trying to close as a doji (reversal candle) right at the 1T level.
Trend Analysis

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