Description
â‹… The total cryptocurrency market capitalization recently hit 1 trillion and is staying there.
The last resistance was conquered 20-January and still no retrace in the past 3 days.
Here is the bullish signal, yesterday we had the highest daily close since November.
After the 20-Jan. jump, we had days of consolidation and while the wicks hit lower, the close was stronger and this is a hidden strength signal.
Will we see straight up for the cryptocurrency market?
I can't say but the charts that I am reading is saying so.
As long as the action is happening above 960 billion plus, we continue aiming straight up.
Going below 960B signals that a correction can show up.
Namaste.