Hello,
Welcome to this analysis about the TOTAL CRYPTO MARKET CAP which includes BTCUSD and its 4-hour timeframe perspectives. As I discovered the Crypto-Cap has formed some quite interesting developments as it was near the all-time-high region before the bearish dump to the downside finally emerged. Now in this whole structure I detected an important formation...
Total bounced of the 200 daily ema, broke out of midterm descending channel,found support on the descending channel previous resistance and is above the weekly ichimoku cloud. These are all very bullish indications. However, the index is in a rising wedge formation and a daily bearish divergence has formed. A drop down of the rising wedge will bring the price back...
