Total market cap shows everything, it's buying time
In the last Total market cap analysis, Crypto market was bottoming in ascending triangle and I expected bullish impulse:
This time we had almost exactly the same market structure while the market was topping in a descending triangle.
Although BTC is not on the perfect levels for buying, Total market cap usually gives a good and precise buying and selling zones.
The ideal scenario would be price dipping and finding quick support on 180B (blue box), making another perfect higher low on a bigger macro level (weekly):
This time we had almost exactly the same market structure while the market was topping in a descending triangle.
Although BTC is not on the perfect levels for buying, Total market cap usually gives a good and precise buying and selling zones.
The ideal scenario would be price dipping and finding quick support on 180B (blue box), making another perfect higher low on a bigger macro level (weekly):
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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.
Related publications
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.