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We can observe a huge falling wedge in the chart of the crypto marketcap. We are in a consolidation zone, a break up in this range could give the first signals of a possible reversal in the whole market.
But as you can see, the last consolidation failed to break up and continued its downward movement following the major trend.
There is no clear indication of a upward move coming in the next few weeks, but we must watch out for this chart as a breakup can bring the bulls to the surface and the market can react violently.
Keep your eyes on the crypto market cap, it is forgotten by many, but it is certainly one of the most important points to consider when looking for signals of reversal in bitcoin and altcoins.
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코멘트:
Total Crypto Market Cap trying to breakup this big Falling Wedge. But it can be a false breakout yet, lets see and follow the next moves.
코멘트:
The falling wedge was broken with a good volume but as you can see the candles still inside of the “consolidation box”, imho a breakout will be confirmed after surpass the top line of the box. If not, we can be within this box for a long time. Lets see the next steps.
액티브 트레이드:
Mcap is very very near to breakout! Watching closely!
