Fibonacci rules the universe and unless there's a collapse in temporal and mathematical reality the Mcap candles are going to reach the 161.80% - You can see the awesome Awesome Ocillator by DennisLeeBtc has not reached the peaks achieved in the 2017 rally and there is a damn sight more money invested this time goddamnnit -
We can see in the graph that we are at the top of the growing channel. Wave (b) returned more than 100% of wave (a). This means that for now it can be expanded FLAT. As we can see the wave c reached 1.618 Fib Channel. Notice how the market behaved in December 2017 and compare from the present. We see that it first reached the peak of BTC, then XRP and finally ETH....
Hi guys..its the latest analyze chart of TOTAL(total market cap)in weekly timeframe.if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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TOTAL - The total crypto market cap is in 5th of 3rd wave up of impulse cycle after completing 4th subwave as triangle. So it is expecting higher as the 3rd internal wave and even higher high after 4th internal wave correction.
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Did we just turn the 1 trillion dollar resistance line into support? Hell YEAH!
With ETH pushing above its old ATH, we're clear to set some new All Time High in total market cap.
I love it when BTC, ETH and alts all pump together! Feels like Christmas. This shows that there is a lot of interest in crypto currencies because with the latest fiasco on Wall Street...
Chart art for TOTAL
Identifying trends and patterns
Hopefully a break up from the triangle / flag that has formed at present will occur
I believe we are in a disbelief phase, and crypto will outperform generic stocks
This is just an assumption, but from the chart patterns identified it really does look bullish
CRYPTO TOTAL MARKET CAPITALIZATION is still declining; perhaps for at least the next 30 days. The Brexit-Recession does not seem to be arriving at least until 2020-06-06 as the present Black Friday mega consumer spending spree fuels the economy. The growth rates is about 80% consumption-based in the USA.
This is the total crypto market capitalization. Massive diamond continuation pattern that just broke out. sIf it holds Crpto is going to 1.5 trillion. Yes Trillion! Can't believe I'm typing that but a trillion dollar market cap is now a normal thing in Crypto. Guess what, Crypto is for real. It's going to continue to suck in fiat money unitl it's the one...
We are currently above an old support line at the moment, the fractal laid out on the most likely not going to happen, more or less a visualization of what im seeing.
Obviously we have a made a higher low here as well as on the BTC chart, but i'm not convinced of this price action.
Im not saying im right here we may be looking at new ATH's in the coming days, but...
