vf_investment

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

Short
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

Comment:
Good progress so far.
Comment:
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.
Comment:
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!
Comment:
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.

💥 Free signals and ideas ➡ https://t.me/vfinvestment
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.