VincentX
Short

TOATAL COIN MARKET CAP (EXPERIMENTAL Analysis)

CRYPTOCAP:TOTAL   Crypto Total Market Cap, $ (CALCULATED BY TRADINGVIEW)
I realised that perhaps looking at individual currencies wouldn't give us accurate results of market direction. Zooming out is necessary to have an idea of market direction. Bitcoin makes up only "Half" of the Market cap, so looking at it only to figure out direction isnt 100%. Textbook Elliot wave theory says that, during a bear market, there is a three wave pattern, with the third one, being the longest and "most catastrophic". The chart above suggest that we are currently in the 3rd wave and a conclusion is imminent. I've set my buy zone for my chosen currencies (green price range)

PLEASE TAKE NOTE OF THE MARKET'S PRICE REJECTION PATTERN. WE'RE LIKELY TO MAKE A LOWER LOWER FOR 2019 BEFORE A BULLISH BOUNCE. IT IS ALSO A POSSIBILITY THAT WE COULD BOUNCE from our current levels.

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Get Help Ideas Published Followers Following Private Messages Chat Sign Out