WATCH OUTโ— BearRally Correcting Overleveraged Markets

CryptoCheck- Updated   
CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
Hi Traders, Investors and Speculators of the Chart๐Ÿ“ˆ๐Ÿ“‰

Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. ๐Ÿ‘ฉ(will be moving to corporate some time in Jan 2023)๐Ÿซ

Bearish market rallies are meant to look like bottoms - shaking many holders out of their positions. This is because Stop Hunting Algorithms flourish here, hunting out your stop losses with wicks and volatility. In this short analysis, I explore the Total Cryptocurrency Market Cap in depth, using Technical Indicators such as the Bollinger Bands, Volume and Phoenix Ascending.

A formidable resistance zone is currently at 1T for the TOTAL chart, and I would only consider a reversal if we can CLOSE a WEEKLY candle ABOVE 1.1T โฌ† In other words, remember to take profits during a time of upward price action.

IMPORTANT XRP and XLM update coming tomorrow, stay tuned and follow ๐Ÿ‘€


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