Crypto total market cap 45 % drop soon. Be ready!

CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
Total crypto market cap broke bearishly as Bitcoin did.
We expect a short term bounce and getting rejected at the strong resistance.

Final target for bears: 585 - 600 B
After that we expect the real accumulation face and the new bull market to start.

P.S Don´t get overexcited with a short-term bounce

Good progress so far.
The price got rejected close to resistance and bounced from the support to get rejected from the resistance again and broke down the support.
Currently the price is traded below the support which should be acting as a resistance now. Reaching final target may take a few weeks or event months therefore patience is required. Anyway, good progress so far.
Be ready! The market looks like it's ready to capitulate soon.
Positive corelation with SPX which is bearish makes it even more likely!
Trade active:
Dumping hard. No Santa Rally this year!
The key support has been reclaimed. The price may go higher now. Not looking at 580B anymore . We will monitor the situation and keep you posted.

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