Get started
Crypto Total Market Cap, $

Total Market Cap tells the story

By Alien91
Updated
This is a macro perspective on the overall crypto market. Total Market Cap formed a weekly pennant. The long term bull trend line is green and the bear trend is blue. If we break down below the green trend line the bears have won for a while and we continue bleeding value. If it breaks above the blue bear trend a new bull market has begun.

Happy trading.
Comment
Looks like crypto has decided we are going to make a push to breach the blue trend line and begin a new BULL market. If we break above the down trend I believe we see a rapid appreciation for crypto currencies in dollar terms.
Comment
We just breached the blue bear down trend! In my opinion we have begun the new BULL :bull: market.
Trade active
We broke to the upside of the downtrend. Now we wait and see if the bulls take over and catapult the TMC. I am expecting some large moves to the upside within 5 weeks. By April we should be fully confirmed in a new bull run.
Trend Analysis
Alien91

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.