Total crypto market analysis
In this case we are analysing the total crypto market cap, which for me tends to be the best description of how the crypto market is going on.
We can use this and correlate with pairs like are moved the most by it like btc, eth, bnb, dot, ada and so on ( in general top 25 crypto market coins).
The good thing about it is that because of the volatility present in those coins, it can give us a better measure and structure for entries and exits .
We can see at the moment we are in double bot chart patterns , which is a bullish pattern, and our current position situation us on the critical zone.
In this case we have 2 scenarios
LONG:
We cross 1.25T total market cap .
In that case we would have as TP 1.26T and 1.28 T
For stop loss we would have 1.235 T
SHORT
We cross down 1.235 T
In that case we would have as TP 1.22T and 1.20 T
For stop loss we would have 1.25 T
We can use this and correlate with pairs like are moved the most by it like btc, eth, bnb, dot, ada and so on ( in general top 25 crypto market coins).
The good thing about it is that because of the volatility present in those coins, it can give us a better measure and structure for entries and exits .
We can see at the moment we are in double bot chart patterns , which is a bullish pattern, and our current position situation us on the critical zone.
In this case we have 2 scenarios
LONG:
We cross 1.25T total market cap .
In that case we would have as TP 1.26T and 1.28 T
For stop loss we would have 1.235 T
SHORT
We cross down 1.235 T
In that case we would have as TP 1.22T and 1.20 T
For stop loss we would have 1.25 T
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