Crypto total market cap
Crypto Total Market Cap Excluded BTC
The RSI resistance on weekly is right behind the corner. Like we can see from the picture this is the fourth time this RSI line gets hit (RED circles).
GREEN circle shows where the suppressing downtrend line got broken. (Trend turned to Bull)
BLUE arrows shows that these upward legs are identical size. Which would mean a pullback.
I believe we might get a small and fast retrace from here before we take up higher.
After the line breaks and price stays higher I believe we are going to 250 billion marketcap.
Remember that "more times a support or resistance gets hit the weaker it gets".
What I have seen, the fifth time usually does it ;)
For long term I am bullish.
Also the fear and creed index has been on creed / extreme creed for 2 weeks. (not the first time thou)
alternative.me/crypto/fear-and-greed-index/
This is not a financial advice!
If you do trade use stop loss and small enough positions!
1st mistake beginner traders do is taking too big risk.
-Jebu
The RSI resistance on weekly is right behind the corner. Like we can see from the picture this is the fourth time this RSI line gets hit (RED circles).
GREEN circle shows where the suppressing downtrend line got broken. (Trend turned to Bull)
BLUE arrows shows that these upward legs are identical size. Which would mean a pullback.
I believe we might get a small and fast retrace from here before we take up higher.
After the line breaks and price stays higher I believe we are going to 250 billion marketcap.
Remember that "more times a support or resistance gets hit the weaker it gets".
What I have seen, the fifth time usually does it ;)
For long term I am bullish.
Also the fear and creed index has been on creed / extreme creed for 2 weeks. (not the first time thou)
alternative.me/crypto/fear-and-greed-index/
This is not a financial advice!
If you do trade use stop loss and small enough positions!
1st mistake beginner traders do is taking too big risk.
-Jebu
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