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Fox666
Feb 4, 2021 5:00 PM

Expanded FLAT Short

Crypto Total Market Cap, $CRYPTOCAP

Description

We can see in the graph that we are at the top of the growing channel. Wave (b) returned more than 100% of wave (a). This means that for now it can be expanded FLAT. As we can see the wave c reached 1.618 Fib Channel. Notice how the market behaved in December 2017 and compare from the present. We see that it first reached the peak of BTC, then XRP and finally ETH. The same thing is happening right now. Note the bearish divergence of RSI in both cases.


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