About 25% sold off in TOTAL market cap so bearish momentum.
Strong legs usually have 2nd leg, so here we expect 2nd leg down to formed.
Key levels are marked up as trading zones.
As long as price is below 2.38-2.40 I see the general momentum bearish and look for lower prices.
If price keeps falling, lower support level 1.81-1.86 will be bears target.
Rally or Bear season? Yes both! The market fell from 3 trillion to 1.930 trillion, there are still those who don't call it bear season! How long will this bear season last? If it goes down very fast, and it goes down to 1,800 trillion, this bear season may be over by February! However, we are currently in decline!
This is a follow up from my last post on the macro cup & handle structure; the resistance line has been broken and flipped as support, marking a healthy correction and indicating bullish continuation going into Q1'2022.
I've spent the last few days off of the charts. However, to make sure everything was still intact, I had to analyze.
In conclusion, total MA hasn't dipped below key levels of support and trend is still intact, RSI looks like it has bottomed and the MA is trending towards a bottom on total MKTCAP graphs. Full send soon...
In my last analysis on the total crypto market cap, I said that 2.4T support is very important and a drop under could mark the beginning of a bear trend.
Now we have this break under this confluence support, and it is a clear one...
The first target is 1.75T, but in the long run, we can see 1.2T support challenged.
My strategy is to sell short liquid coins and go...
This is Crypto Total Market Cap analysis, This will affect the whole market
Price is moving in a uptrend channel , right now price is at the bottom of this channel and also a rising wedge pattern is formed in the chart.
Its so important to wait till you see what will happen here
Red scenario: If it breaks the pattern (and also bottom of the channel) then...
Breakdown from a multi-month rising wedge, weekly candle about to close in 6 hours. I suspect that it might retest the rising wedge or just keep going down to the two targets below.
This analysis is just based on the pattern. Since the wedge is on the weekly, it holds weight. There are contraindicating signals in the market. Luna absorbed this week's drop and...
I don't like it. The whole structure is weak and looks like a head and shoulders.. I predict a slow year next year which may bring crypto markets sideways down while other less risk assets catch the spotlight. This is only a prediction and not a guarantee; But seeing our extension of the 200 on a weekly shows me something has to give here soon.. Good luck folks
In the Cryptocurrency market, Volatility is high..!
The true range is the largest of the:
Most recent period's high minus the most recent period's low.
The absolute value of the most recent period's high minus the previous close.
The absolute value of the most recent period's low minus the previous close.
The smallest true range in the past trading year was 4.01%,...
TOTAL CRYPTO MARKET CAP
ALTCOIN + BITCOIN CAP
Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009
Uptrending markets have to retrace. And these retracements are fairly short, but will give you an incredible opportunity to buy the dip.
The total market capitalization chart is a chart I’m relying on a lot as it gives a pretty much clear view on the market.
The $166 billion area flipped as support, which marked a new higher low since the lows of December...
MA 300 has been support range for TOTAL CRYPTO MCAP for more than 1 year.
I am watching for a Lower High or a Lower low to confirm overall bearish trend. So far this appears to be a normal correction.
I would expect consolidation at this current range for a time to be established and then continued upward progress, as long as these levels play out and MA 300...
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