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Welcome to this Total M.cap update. Personally, I'm not a bear. I enjoyed more in the green market. I'm happy if this chart will invalidate but we have to be cautious until things look better.
Now let's get to the chart.
Total M.cap is currently trading above the $1T level. It is forming a bear flag in the daily time frame. After the breaking down of this bear flag, it looks like a clean retest of this bear flag. If this bear flag played out completely then we might see a 35-40% downside move in market cap.
Invalidation:- Any daily candle close above the $1.04T level will invalidate this bear flag.
What do you think about this?
Share your views in the comment section.
Welcome to this Total M.cap update. Personally, I'm not a bear. I enjoyed more in the green market. I'm happy if this chart will invalidate but we have to be cautious until things look better.
Now let's get to the chart.
Total M.cap is currently trading above the $1T level. It is forming a bear flag in the daily time frame. After the breaking down of this bear flag, it looks like a clean retest of this bear flag. If this bear flag played out completely then we might see a 35-40% downside move in market cap.
Invalidation:- Any daily candle close above the $1.04T level will invalidate this bear flag.
What do you think about this?
Share your views in the comment section.
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