Is the FALL in CRYPTO TOTAL MARKET CAP OVER??
Back to the 1 hour chart...All the markets are on fire in lead up to the FED releasing their minutes at 2 PM today...to me that's very unusual.
Typically, one might expect things to be quiet...but I'm not yet convinced that a bottom is in.
This ascending wedge on the 1 hr can often lead to another drop.
Sometimes even with a POP above...before it turns around and drops.
There are other positive indications and we're headed uo to the 200ma on this timeframe.
But we've got a ways to go before I would say that the low is in.
Not chasing and adding to positions here yet....keeping powder dry in case another fall.
But why I did add some at the last low.
Again..I'm "accumulating" with a 2-5 year time frame.
Enjoy the ride, but be ready for another fall.
Typically, one might expect things to be quiet...but I'm not yet convinced that a bottom is in.
This ascending wedge on the 1 hr can often lead to another drop.
Sometimes even with a POP above...before it turns around and drops.
There are other positive indications and we're headed uo to the 200ma on this timeframe.
But we've got a ways to go before I would say that the low is in.
Not chasing and adding to positions here yet....keeping powder dry in case another fall.
But why I did add some at the last low.
Again..I'm "accumulating" with a 2-5 year time frame.
Enjoy the ride, but be ready for another fall.
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