CRYPTO total ; ALTS ; repeating RSI patterns
as the title; the last one linked showed our potential roll over, which unfortunately has happened and a bear market is now in full swing. seems like we are at that capitulation omega point in the cycle.
hard to tell which one of those two red arrrows we are at IF we are just repeating cycle momentum here. looks like...
- As you can see the total market cap is edging to a breakout of that triangular pattern, we could see a massive breakout coming soon!
- A massive shake out, cyber attack or regulations, could cause the market to break below.
- I love to cover both sides of the story as anything can happen, this is crypto one of the most volatile markets!
this chart is the Appendix to the previously analyzed chart of TOTAL Crypto Market Cap where i have linked it too,
it indicate the amount of Fiat Currency Invested in the Altcoins Ecosystem
CRYPTOCAP:TOTAL3
I have been following this massive ascending triangle that has been forming on the TOTAL3 chart since the May correction. Notice how price has been unable to close any daily candles above the flat upper resistance bound. In the past few weeks this chart has consistently printed "doji's" as the consolidation inches closer to the upper resistance...
