TOTAL MARKET CAP (Y21.P2.E2.v3).Correction still playing out

26 apr 2021

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

27 apr 2021

Trade attivo

total market cap, regained its level above resistance and holding.
s3.tradingview.com/snapshots/z/ZjWJy7dg.png