Hi guys!
Today I wanna give you a quick update about this dip shown by the Crypto total markect Cap chart, excluding BTC, on the daily time frame. The MACD indicates a clear bullish crossover on the daily chart. This rally is by far not over. At least on the hourly chart it looks like the short term bottom before we are leaving the old resistance and turn that into support level. I’ll expect that area to leave during this week with a potential retest at the end of the week. For me that seems likely to happen before going upwards again. Since Bitcoin smashed through 1T mcap, I’ll expect the total crypto market cap, excluding BTC, to do this too.
Conclusion: Major time frame still looks very bullish. This is just a small correction from yesterday's pump. This is definitely not over yet and of course, this provides no financial advice.
Have a nice day everyone.
Cheers!
Today I wanna give you a quick update about this dip shown by the Crypto total markect Cap chart, excluding BTC, on the daily time frame. The MACD indicates a clear bullish crossover on the daily chart. This rally is by far not over. At least on the hourly chart it looks like the short term bottom before we are leaving the old resistance and turn that into support level. I’ll expect that area to leave during this week with a potential retest at the end of the week. For me that seems likely to happen before going upwards again. Since Bitcoin smashed through 1T mcap, I’ll expect the total crypto market cap, excluding BTC, to do this too.
Conclusion: Major time frame still looks very bullish. This is just a small correction from yesterday's pump. This is definitely not over yet and of course, this provides no financial advice.
Have a nice day everyone.
Cheers!