Crypto market is overbought based on momentum Short

Crypto Total Market Cap Excluding Top 10, $CRYPTOCAP

Description

⋅ Feb 23, 2021 8:56 AM

Looks like the market is overbought like it has three times in the past.

This red line is the top of the momentum indicator. This is a major correction level because the market is overbought.
The blue waves are momentum.

Comments

Traderness

⋅ Dec 27, 2021 1:26 PM

What is the name of the indicator located in the lower panel? Can you share a link?

Feldspar_

⋅ Dec 27, 2021 1:39 PM

@Traderness, Market Spy - marketspy.net/

Investroy

⋅ Feb 23, 2021 9:18 AM

Got inspired from your analysis, will make one similar to yours