WicktatorFX

How To Use Total Market Cap ✨

Edukasi
CRYPTOCAP:TOTAL   Total Cap Pasar Crypto, $
We can use Total Market Cap to analyse when it's best to go bullish or bearish on the crypto market. A growing market cap can indicate investors' interest and their positive evaluation of the current market state = bullish whereas a stagnant market cap would indicate that investors are taking their money away from the crypto market = bearish.

By analyzing the Total Crypto Market Cap weekly chart, we can see 5 clear waves to the downside, which means we are either in motive wave 1 or in wave A of a zigzag pattern.

For both cases, we are expecting an ABC correction opposite to the recent 5 waves. we have already completed subwave A and finishing now subwave B, expecting subwave C higher.

In a zigzag pattern ( 5-3-5) we have:
Wave A= 5 waves
Wave B = 3 waves
Wave C = 5 waves

Therefore, our mission for the long term is to catch the impulsive waves of wave C after wave B. But for now will be focusing on catching subwave C of wave B.

We will be using this chart as a guide for the other cryptocurrencies charts.

Stay tuned for more Crypto analysis!



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