Total Crypto Market Cap Topping Price
I started playing around with the total crypto market cap chart to see where we might end up this cycle. Looking at a 4 day candle period has taken out the noise of the daily chart, I kept away from the weekly, I think it water's down the data points too far. Again trying to reduce noise, looking at total market cap for all crypto yields some clean, classic chart patterns. Looking at the cup and handle or flag formation from the last 9 months and the previous cycle, looks like we get a fairly meagre 1.6x - 1.8x to ~4-4.6T and top out at USD100K BTC. If we take the flag from the Spicy Cough capitulation low in mid Jan 20 we get to ~7T, 2.8x from here and maybe USD150K BTC. This gives about AUD200K BTC which is where I think I'll start trimming.
Good luck everyone
Good luck everyone
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