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prefabsprout
Dec 31, 2021 4:41 PM

New month coming up, what does the TOTAL monthly show us?  Short

CRYPTOCAP:TOTAL1M
Crypto Total Market Cap, $CRYPTOCAP

Description

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No way around it, this looks grim for next month. Hard to imagine not visiting 2T and probably 1.75T.

At best we can hope for a sideways candle like June-July.

Declining volume and RSI.

Lower than that is simply unrealistic; there is far too much interest in crypto from big money and small.

Need to break above 2.7T to continue to the moon. Will certainly happen eventually, just probably not in January.

The BTC chart looks even worse, but things have changed with BTC dominance so it's wiser to keep your eye on the TOTAL.

Comment

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uh...

Trade active

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feb inside bar is almost identical to july and look what happened after...
Trend AnalysisCryptocurrencycryptototalmarketcapBTCUSD
Comments
SpaceCatZ
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Well Done!
prefabsprout
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@SpaceCatZ, thanks for noticing!
SpaceCatZ
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@prefabsprout, To be honest never thought about looking at this monthly market cap chart before! But it is clear. I will keep an eye on this. Good catch! Also this chart supports my idea that we are already bottomed :)
prefabsprout
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ahem.. see how this is playing out exactly as i said?
prefabsprout
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Ok so what did I miss?
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