Update from my previous chart regarding double top in total crypto market cap...
As we all know.. this chart is not being valid anymore as the double top pattern is already being extinguish as the price it's keep going up..
now let's change into current chart.
It is now currently testing 190 billion dollar resistance area.. which is a quite support back august - september 2018..
also a bearish divergence is sighted..
just like btc/usd did.. if it want keep continue to move up without retracement..
the rsi and macd must be looking like this chart which is not very likely to happen..
the indicator below orange line is still in bearish divergence area.
The Recent News regarding the cypto capital is rising also being contribute from Fidelity Investments which will stimulate a large volume flow into a trading cryptocurrency in near future.. Which is good for crypto market.
toshitimes.com/fidel...nal-bitcoin-trading/
we will see what happen..
please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.
