CMC total market cap
Coinmarket cap is currently trending in between the 3 red lines. It looks like we're accumulating here with a possibility of another leg down and a reversal after the last z wave. The bottom red line was a major resistance prior to the previous bull run so we have a very high chance of it turning into a major support/reversal. The total market cap trend will give you a general direction of ALL coins, including BTC. We've been in an uptrend since march 2020, it is only normal for the market to correct for a bit. BTFD
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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.