TOTAL Market Cap AnalysisJust like
BTC, TOTAL Market Cap structure is also bearish on all major timeframes.Currently, price is trading inside weekly demand area which is also bullish OB zone.
Premium liquidity wick has already been swept, similar to
BTC, and price is now showing a minor bounce.However, there’s no CHoCH yet on any timeframe.
I believe
TOTAL Market Cap could at least tap Daily FVG + Bullish OB zone marked around $3.18T – $3.14T.If price doesn’t tap that zone but gives a 1H or 4H CHOCH and closes above $3.69T (4H candle close) that would be a positive sign for overall crypto market.
If demand area gets tapped and a CHOCH confirms, that would signal a potential major reversal for entire crypto space.
For educational purposes only — not financial advice. Always do your own research (DYOR)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
For educational purposes only — not financial advice. Always do your own research (DYOR)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.