Sporia

Gravestone 3M candle Crypto Market Cap

CRYPTOCAP:TOTAL2   Crypto Total Market Cap Excluding BTC, $
Tonight the 3M candle closes for the Crypto Market Cap (Excluding BTC) chart and we seem to have printed a gravestone candle , signalling a reversal of trend . If you look at the 3M candle of April 2018 we can see that price did in fact reverse.

So what could play out here is price coming back down to 2/1 Gann Fan ratio and testing previous all time high before restarting the uptrend and that won't be till October 2021 , I have gone over the idea of the bull market restarting September/October 2021 and peaking May 2022 , take a look at my previous TA going over this idea


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