TOTAL MARKET CAP (Y22.P1.E1). Macro reversal or continuation ?
Hi All,
Looking at the crypto total market cap, we see a solid support on key fib level and if one is to look at the current formation, It could be a viewed as continuation pattern. However patterns expectantly triangles can be subjective.
What we have here is the following:
1) Wave 5 completed
2) ABC macro correction wave in progress.
C could be at the 100 weekly EMA (blue) or further down to the 200 weekly EMA.
3) Fib extensions that makes sense and
4) Daily candle sticks looking more bearish (2 day or weekly).
5) Note the major MA that are now above total price action, as resistance or downward pressure.
I'm looking at a few levels of interest and that consider with MA or fib extensions.
So lets see if a breakdown is imminent or likely, we then have levels to watch.
All the best,
S.SAri
THESE LEVELS CAN POTENTIALLY LINE UP WITH BTC
Looking at the crypto total market cap, we see a solid support on key fib level and if one is to look at the current formation, It could be a viewed as continuation pattern. However patterns expectantly triangles can be subjective.
What we have here is the following:
1) Wave 5 completed
2) ABC macro correction wave in progress.
C could be at the 100 weekly EMA (blue) or further down to the 200 weekly EMA.
3) Fib extensions that makes sense and
4) Daily candle sticks looking more bearish (2 day or weekly).
5) Note the major MA that are now above total price action, as resistance or downward pressure.
I'm looking at a few levels of interest and that consider with MA or fib extensions.
So lets see if a breakdown is imminent or likely, we then have levels to watch.
All the best,
S.SAri
THESE LEVELS CAN POTENTIALLY LINE UP WITH BTC
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This community has signals now but with no risk management comms.
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