Total Crypto Market Cap Above Point of Control Including 2017
On this chart I include price information from the 2017 bubble and it seems the Total Crypto Market Cap is above the VPVR Point of Control right now. This is bullish. The Point of Control often acts as strong support or resistance. This tells me that Whales/Insiders are accumulating Altcoins as well. That pump was meaningful. The data strongly supports that view.
MOST interestingly, the Point of Control is near the same place with just the 2019 bubble or both the 2017 and 2019. Hmmm. Very interesting. That tells me it's an important level. It currently sits around 240 billion while the market cap sits at 252 billion.
Not financial advice. Just my own ideas on the market. I hope that by sharing this is it was useful to you.
Peace, Love, & Crypto,
B166ER
MOST interestingly, the Point of Control is near the same place with just the 2019 bubble or both the 2017 and 2019. Hmmm. Very interesting. That tells me it's an important level. It currently sits around 240 billion while the market cap sits at 252 billion.
Not financial advice. Just my own ideas on the market. I hope that by sharing this is it was useful to you.
Peace, Love, & Crypto,
B166ER
"You didn't come here to make a choice, you've already made it. You're here to try to understand why you made it."
―The Oracle
―The Oracle