Total Crypto Market Cap - Trendline still intact
Updated
As you can see, there is a trendline that has acted as support several times and we have gotten a bounce from each time. Don't panic if a candle wicks below this, however if there is a FULL DAILY CLOSE below keep a close eye on it as this could mean we will see a larger correction / breakdown. If it closes below watch for a confirmation on the daily time frame - retesting the trendline and getting rejected - that would be worse case scenario playing out.
Trade active
Candle wicked below and so far have gotten the bounce on the next daily candle. Good to get back above 2T!Trade closed: stop reached
Fell below the Daily EMA ribbon, bounce attempt rejected. Worse case scenario unfolding. IMHO bear season has started.Disclaimer
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