Analyst Jamie Coutts Says Fourth Quarter Could ‘Get Wild’ for Crypto, Updates Outlook on Solana Rival Sui
Real Vision analyst Jamie Coutts believes that the crypto market could finish out the year with strong rallies. Coutts says that the TOTAL3 chart on the weekly timeframe appears to be breaking out of a descending trend line and printing a bull reversal pattern. The TOTAL3 chart tracks the market capitalization of all crypto assets excluding Bitcoin (BTC), Ethereum (ETH) and stablecoins. “Zoom out on the weekly log chart: Total market cap excluding BTC and ETH, aka ‘Alts,’ are breaking out. Total market cap excluding BTC and ETH/Total market cap is basing. Crypto Q4 could get wild.” Source: Jamie Coutts/X Looking at his chart, the analyst suggests that TOTAL3 is breaking out from a rounding bottom pattern. The technical formation is often viewed as a bullish reversal pattern as it indicates that investors have accumulated the asset without allowing the price to move lower. Next up, Coutts says there are reasons to be long-term bullis...