TOTAL - Crypto Markets in TROUBLE 📈

10 Okt 2022

Hi Traders, Investors and Speculators

Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫

Here's a quick 4min outlook at on the crypto markets as a whole, by using the total cryptocurrency market cap (currently sitting at 899M). Only a year ago, TOTAL was doing an astonishing 3T Market Cap. But as it goes with crypto, - 60% is no big surprise. By taking a look at the chart and using the Wykoff Method of chart analysis, we can see that the market still needs to bottom. This is supported by a technical analysis of the Volume, which is declining across the market. From a fundamental analysis, it is no surprise that liquidity is leaving crypto as we see some currencies like the Dollar and the DXY hitting fresh highs.

Even though the "worst" of the bearish market is still ahead, remember that this makes for a GREAT time to re-accumulate and stack up on all of your favorite altcoins! In hindsight, profits are actually made during bearish cycles.

Interested in a Short Setup for BNBUSDT ? Check out this idea 👀:

Feeling bullish instead? This is for you 🤑 :

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