The TOTAL crypto market still has another 50% to fall before the next bull run commences. TOTAL will drop to the 2018 highs, giving it a market cap of around $800B. Since crypto is 98% speculative, MFI is a leading indicator to watch. MFI is in an extended decline. Until MFI shows a sustained uptrend, it is safe to assume that price will go down-to-sideways. Look for bullish divergence on the one-week timeframe. This will indicate an opportune time to rejoin the game.
Generally, macro conditions are deteriorating and speculative/volatile assets are getting crushed. Crypto is the most speculative of all. Many retail traders think the crypto winter is nearing its end; however, it has only just begun.
Generally, macro conditions are deteriorating and speculative/volatile assets are getting crushed. Crypto is the most speculative of all. Many retail traders think the crypto winter is nearing its end; however, it has only just begun.
