Crypto Total Market Cap, $Updated TotalMarketCap-Analysis - 2023- Bearish Possibility
Hello everyone Hope you all are doing good,
This time I thought to make a Technical Analysis on Total Market Cap only for the year-2023.
Not a Financial Advice, please do your own research before investing in trading.
This analysis is only if Bitcoin puts Lower lows. There are possibilities this may not happen too if the price stops at any of the blue trendlines.
In past every time we usually see in Bitcoin a big volatile move or Liquidation move, may be roughly a 50% drop in price, so in the current bear market we did not see something like that volatile move until now.
In RSI the trend is Diverging from Bearish to Bullish, so I felt somewhere in this Year-2023, before heading to the next cycle we may face this kind of volatile move to remove the Leverage positions.
Based on this Analysis in my Opinion somewhere in the month of feb OR March Or April.
Ok thank you, please like and share and follow me for more interesting and helpful updates. If you have any questions please comment.
Stay safe and stay Smart.
This time I thought to make a Technical Analysis on Total Market Cap only for the year-2023.
Not a Financial Advice, please do your own research before investing in trading.
This analysis is only if Bitcoin puts Lower lows. There are possibilities this may not happen too if the price stops at any of the blue trendlines.
In past every time we usually see in Bitcoin a big volatile move or Liquidation move, may be roughly a 50% drop in price, so in the current bear market we did not see something like that volatile move until now.
In RSI the trend is Diverging from Bearish to Bullish, so I felt somewhere in this Year-2023, before heading to the next cycle we may face this kind of volatile move to remove the Leverage positions.
Based on this Analysis in my Opinion somewhere in the month of feb OR March Or April.
Ok thank you, please like and share and follow me for more interesting and helpful updates. If you have any questions please comment.
Stay safe and stay Smart.
Note
The main reason for making bearish possibility is, DXY is now holding at a major support zone of roughly 100 something, so at any point time it may reverse its direction and puts higher highs.Important: If DXY puts higher highs in price + Lower highs in RSI means forming Bearish Divergence, than this is a Green Signal for next Bull Cycle.
If this is not the case, then we have to rethink.
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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.
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.