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TOTAL (crypto marketcap) at a critical juncture.
Crypto Total Market Cap, $
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TOTAL (crypto marketcap) at a critical juncture.
By xTako
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Feb 28, 2024
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Feb 28, 2024
Hope you made good of the shared longs on Doge, pepe and the crypto market in general.
Crypto Marketcap wicked the key level of 2.161T today.
This was the weekly key level pre SBF intervention.
From this level, the weekly levels are both 30% away on both sides.
This is the time to watch and take positions along the direction the price action moves.
I say a few days of consolidation until this level breaks on the daily closing and then fireworks.
But remain open to the fact, that lower levels need to be tested should the market reject from this level. (Unlikely, but ready to adjust.)
Supply and Demand
xTako
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