Pembelian

The Things To Look For (TOTAL Crypto Market Cap)

Diupdate

Here's a quick video simply about the long term trend for the cryptocurrency market. Short and simple.

This is not financial advice. Just some observations and things I'm paying attention to at the moment for an indication of direction. This is for speculative and educational purposes only.

-Victor Cobra

Catatan

Testing the long term trend yet again:

Catatan

If we break down here, I think we could fall immediately to $179-180B (next horizontal support and bottom of bearish channel. This would align with my "slower growth" scenario, but it would be ugly. Impatient bulls down't want this to happen, but there are some patient bulls who do. We'll see who wins.

Catatan

There is no moving average support below here for alts, so the ideal bullish scenario would be that a break below the trendline is short-lived and quickly bought.

Catatan

Bitcoin is now back in the bearish channel (as I described shouldn't happen in this video, for the bullish scenario). Things are still looking better for bulls than they were last week, but we should be very careful here.

TOTAL is also in the bearish channel again

TOTAL2 looks much more indecisive, with powerful wicks on either side. What we want to see is these candles remain neutral (bulls will need to hold current levels) OR we'll need to break and hold above the bearish channels before weekly close.

Catatan

The video I mention in this update refers to the most recent video on my page.

Catatan

We also want to make sure that the TOTAL crypto market cap holds above

VictorCobra

Juga di:

Publikasi terkait

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.