A little bit playful today with a dragon drawn over the current long-term price structure of the total market cap chart.
A technical concern is that short-term it appears we have an ascending wedge which can indicate weakness.
The all time high is 100% gain away. We remain 'optimistically cautious' on hitting that level this year.
Could there be another 'covid crash' like in March or US election mayhem...
We will continue to analyse the markets and lower time-frames while optimising the SparksterSignals algo-assisted strategy optimising tool. Check it out via the link below.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
A technical concern is that short-term it appears we have an ascending wedge which can indicate weakness.
The all time high is 100% gain away. We remain 'optimistically cautious' on hitting that level this year.
Could there be another 'covid crash' like in March or US election mayhem...
We will continue to analyse the markets and lower time-frames while optimising the SparksterSignals algo-assisted strategy optimising tool. Check it out via the link below.
Note: SparksterSignals (including our technical analysis and our algorithmic backtested signals) are not provided as financial advice.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.