Hello my friend .
Many people know the meaning of this chart.
But if you do not know or have forgotten, as a reminder, this chart shows the total value of the crypto market! It tells us that the overall market trend is bullish, neutral, or bearish!
As you can see, generally in the weekly time frame, we are on an upward channel!
But it should be noted that the ups and downs of this channel have a profound effect on the price of each currency of the codes, so we should not go to leveraged trades in the long direction just because we are generally in an uptrend channel !!
If you look closely, our trend has reacted to the midline of this channel!
It can be a complicated pullback! (Foreign pullback)! If this pullback is approved, it could indicate that the market will soon rise!
Important Note: We are in the middle of the channel! If we move to the ceiling, it means that we finally have a bullish market for one to two months! But if we move down the canal, we can not say that we have a downward trend for one to two months! The reason is that an ascending channel is basically broken from the floor. Therefore, we must be aware that if the market goes down, it may continue until the spring!
Be profitable.
Many people know the meaning of this chart.
But if you do not know or have forgotten, as a reminder, this chart shows the total value of the crypto market! It tells us that the overall market trend is bullish, neutral, or bearish!
As you can see, generally in the weekly time frame, we are on an upward channel!
But it should be noted that the ups and downs of this channel have a profound effect on the price of each currency of the codes, so we should not go to leveraged trades in the long direction just because we are generally in an uptrend channel !!
If you look closely, our trend has reacted to the midline of this channel!
It can be a complicated pullback! (Foreign pullback)! If this pullback is approved, it could indicate that the market will soon rise!
Important Note: We are in the middle of the channel! If we move to the ceiling, it means that we finally have a bullish market for one to two months! But if we move down the canal, we can not say that we have a downward trend for one to two months! The reason is that an ascending channel is basically broken from the floor. Therefore, we must be aware that if the market goes down, it may continue until the spring!
Be profitable.