Cryptocurrency Market Cap. Will Hit 1.675 Trillion Pt.2

This weeks candle can be read as a Doji, like a Dragonfly doji or something like that.

I don't focus much on the names rather on the fact that they are reversal signals or not.

It can also be consider sort of a hammer depending on how it closes.

The long lower wick/shadow is the important part and a close that ends green high up.

If this happens after a new support level is hit even better because it signals that the markets will turn.

I studied all the charting system and continue to study them now, literally everything that has been written on the topic and the candlesticks are still the best but they need to be combined with the other stuff for better results, so not one of them work perfectly on their own.

Kind of like teamwork.

On the daily timeframe TOTAL closed above EMA50 which is a strong bullish signal.
On the weekly timeframe it still trades below EMA10 which is no good.

But after 4 green weeks with a rounding bottom pattern, the RSI being strong...

You see, we mix multiple systems to get better results.

These signals are telling us that the Total Cryptocurrency Market Capitalization is still set to grow.

This remains true even with another major drop as long as we stay within a higher low.

Namaste.