Is the FALL in the CRYPTO TOTAL MARKET CAP OVER??
Here's the 1 Hour chart with the same lines as the 1 Day chart.
This provides a more close-in view that gives a little more detail than the 1 Day chart..like an early indicator.
Price moved back over the red lower dotted and the 20ma line only to run into the 50ma which has pushed price back down below the red lower dotted line and right into the 20ma.
If price falls through the 20ma, the probability that price will hit the blue lower channel line on the 1 Day chart increases.
This is looking an awful lot like a "4" in Elliot Wave terms with a 5 Down to come.
The only question then becomes is it the end of the correction of just the Big A of an ABC? Only time and price action will.
For me, the only confirmation of a new bull market is once price exceeds its ALL TIME HIGH.
Getting the money ready!
Thanks for all the LIKES!
This provides a more close-in view that gives a little more detail than the 1 Day chart..like an early indicator.
Price moved back over the red lower dotted and the 20ma line only to run into the 50ma which has pushed price back down below the red lower dotted line and right into the 20ma.
If price falls through the 20ma, the probability that price will hit the blue lower channel line on the 1 Day chart increases.
This is looking an awful lot like a "4" in Elliot Wave terms with a 5 Down to come.
The only question then becomes is it the end of the correction of just the Big A of an ABC? Only time and price action will.
For me, the only confirmation of a new bull market is once price exceeds its ALL TIME HIGH.
Getting the money ready!
Thanks for all the LIKES!
