Market Analysis for TOTAL Crypto Market Cap - Weekly Timeframe

Welcome! The current trend for the TOTAL Crypto Market Cap on the weekly timeframe is bearish, as indicated by our trading system:
MLR Crosses SMA: The Moving Regression Line (MLR) in blue is below the Simple Moving Average (SMA) in pink, signaling a bearish trend.
MLR vs. BB Center Line: Both the MLR and SMA are below the Bollinger Bands Center Line (orange), further confirming bearish momentum.
PSAR Flips: The Parabolic SAR (PSAR), indicated by black dots, is above the price, indicating a bearish trend.
Price vs. SMA 200: The price is above the 200-period Moving Average (red), indicating a long-term bullish trend despite the short-term bearish signals.
Current Strategy: Due to the bearish short-term signals (MLR below SMA, MLR and SMA below BB Center, PSAR above price), a long entry is not advisable at this time, despite the long-term bullish indication from the price being above the 200-period SMA.
Consider monitoring: Watch for a potential reversal where the MLR crosses above the SMA, the BB Center Line, and the PSAR flips below the price, aligning with the long-term bullish trend.
Monitor My Idea: Keep monitoring my idea for any changes in trend or for potential long entry signals.
That is it !
Thank you !