Now we look at the Total #Crypto Market Cap CRYPTOCAP:TOTAL to corroborate our Bitcoin story. It is forming a on the weekly (left graph). We will most likely break downwards from here, especially since the is declining along with the momentum (see and ). I don't think we'll fall to the 50 weekly MA (orange line), a level we haven't seen since June 2018. The 21 is plausible, we'll fall enough for BTC to hit the 21 on the weekly (at which point I will be loading up on BTC ).
After a potential drop , BTC can lead the crypto market cap back up to complete the left shoulder of the possible inverted (posted on the chart on the right) before a nice little rally in Q4.