#CRYPTO #TOTALCAP
Cryptocurrencies. Has the Loy been placed?
As described in the previous scenario, the strong magnet remains at ~700 billion dollars. This is where the very important intersection of global angles is located. If the market goes there and bounces, a bullish divergence will form on the weekly RSI oscillator.
At the same moment, locally we are seeing a bullish rebound from the white zone, which can turn into a blue scenario if there is a fixation above $975 billion.
All in all, the crypto market is already looking quite strong relative to traditional markets, which demonstrates the interest of buyers.
What am I doing? In the medium term, I continue to positionally buy back mainly bitcoin in the spot market.
Is it possible that bitcoin and some other coins will prove to be a defensive deflationary asset? Possibly, but I doubt it in the long run. But in the medium term (several months) the market can be very useful.
Cryptocurrencies. Has the Loy been placed?
As described in the previous scenario, the strong magnet remains at ~700 billion dollars. This is where the very important intersection of global angles is located. If the market goes there and bounces, a bullish divergence will form on the weekly RSI oscillator.
At the same moment, locally we are seeing a bullish rebound from the white zone, which can turn into a blue scenario if there is a fixation above $975 billion.
All in all, the crypto market is already looking quite strong relative to traditional markets, which demonstrates the interest of buyers.
What am I doing? In the medium term, I continue to positionally buy back mainly bitcoin in the spot market.
Is it possible that bitcoin and some other coins will prove to be a defensive deflationary asset? Possibly, but I doubt it in the long run. But in the medium term (several months) the market can be very useful.
Trade active
UPDATE: A white scenario is being implemented at the general capitalization. Preparing for the sell