TOTAL trade ideas
Double top on Cryptocurrency Marketcap/TOTALafter the hidden bearish divergence from obv, Bearish divergence in MACD and RSI with price action few days ago.
it's seems it's now forming a double top.
let see if the price action can hold 200 and 50 ema (green and purple line) as if will continue the bullish growth of crypto market if it's hold and vice versa..
interestingly it's happen not far to distant in the past..
check this out;
Similar double top pattern..
Though from OBV, RSI is quite flat line and follow the price action, MACD do stands out giving hint there's a divergence in volume with correlation a price action.. the price action end up into fibonacci horizontal around 0.236 and 0.382 .. if history keep it self repeat and still in bullish growth.. i expect yellow line in fibonacci retracement could be a good buy zone if the crypto market didnt have negative black swan event.
we will see what happen..
please do take this as a grain of salt, i'm not a financial advisor and this post just all my opinion only and feel free to share what your thought..
peace..
Cryptocurrency Total Market Cap Breakout + Bullish PotentialThe cryptocurrency market is moving. We are seeing green and we like... We love it!
I am now looking at the total market for the entire cryptocurrency market, all altcoins including Bitcoin, and we have several interesting signals.
Perhaps you might want to take a minute now to hit LIKE, and then continue reading what I am about to share... Thanks a lot for the support.
Crypto Total Market Cap Bullish Chart Signals
Daily time frame chart analysis (left)
On the left we have the daily time frame, where I want you to take a look at several things.
First we have trading volume increases, which is the best signal you can have to support a strong breakout. This huge increase in volume came to break above EMA50 (magenta) and MA99 (red).
The RSI is super bullish and the MACD is just following its steps now entering the bullish zone after having a bullish crossover.
Pretty simple, straight forward signals.
Weekly time frame chart analysis (right)
Here the action is just getting started, on the weekly time frame. You can see that EMA50 is still far but the total market cap is now above EMA10. This signal is only valid when the week closes.
Trading above EMA10 = bullish potential.
We have the RSI curving up strong and the MACD showing a bullish crossover.
The candlesticks formation and TD Sequential are also supporting a bullish move.
So the chart for Total Cryptocurrency Market Cap is starting to display some nice bullish signals, and we have these many altcoins and Bitcoin making strong moves which are reflected in the charts above.
This is the type of action we haven't seen in a while, and we are expecting a strong wave up in the weeks to come.
Enjoyed this post? Feel free to hit like if you want and I will keep on posting, more and more.
Namaste.
Coin Market Cap Analysis by Crypto EarningsCoin Market Cap Analysis by Crypto Earnings on 1 week chart. Both the situations are mentioned as market can breakout upper side then we can expect Bull run. If CMC breakout downwards then BTC can Dump upto @2800 level
