TOTAL MARKET CAP (Y21.P2.E2.v3).Correction still playing out
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Hi All,
I would like to think that BTC and the ALTs will rally strong here however the total market cap says otherwise.
Here we have 3 elements which indicate a strong resistance.
a) Breakout from a structural ascending wedge
b) Horizontal and sloping resistance
c) Previous support now likely to be resistance
d) 10 and 20 daily ema cross over and currently hitting price
So this rally might be short lived and until Total Market Cap reaches its target, we might still look at BTC hitting 42k to 45k.
s3.tradingview.com/snapshots/k/KIuWP6aL.png
s3.tradingview.com/snapshots/v/vCbJ2oRU.png
All the best,
S.SAri
I would like to think that BTC and the ALTs will rally strong here however the total market cap says otherwise.
Here we have 3 elements which indicate a strong resistance.
a) Breakout from a structural ascending wedge
b) Horizontal and sloping resistance
c) Previous support now likely to be resistance
d) 10 and 20 daily ema cross over and currently hitting price
So this rally might be short lived and until Total Market Cap reaches its target, we might still look at BTC hitting 42k to 45k.
s3.tradingview.com/snapshots/k/KIuWP6aL.png
s3.tradingview.com/snapshots/v/vCbJ2oRU.png
All the best,
S.SAri
Trade attivo
total market cap, regained its level above resistance and holding.s3.tradingview.com/snapshots/z/ZjWJy7dg.png
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This community has signals now but with no risk management comms.
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