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Cryptoi0
Feb 27, 2019 8:26 PM

Crypto Marketcap - Bear Market might be coming to an end! 

Crypto Total Market Cap, $CRYPTOCAP

Description

Judging by history, the Crypto total marketcap has been using the 20 week MA (Yellow line) as a strong resistance and support.

I feel it will be a clear indication the bear market is over when we can break above this moving average.

The RSI double bottomed around 30 in the last bear market before it changed trends. I am looking for something similar before this trend reverses.

Best estimate, this double bottom should happen around late March, early April.

- The Wiz
Comments
thanosgr
For me the bear market is over. Of course this doesn't mean that we have or we will have a bull market soon but I guess that those huge dumps from 20k until now (~4k) are over. Now we may see a ping-pong between strong supports and resistances. Price may also create a new low but that shouldn't cause panic to most of the holders since they don't use leverage and it cant go much lower. People can start buying again their coins expecting a possible bull run to come without the risk of losing more money. Market Cap looks bottomed to me at higher TFs.
javad.kamali.physics
@thanosgr, good point. you write very good
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