TOTAL MARKET CAP (Y21.P1.E1).Resistance Level
Updated
Hi All,
We can see the total market cap has broken out of consolidation structure and now rising in an up channel. Note the fib extension levels,
We have hit a key level and we saw the today, a first touch rejection. We will consolidate and likely break this level soon which is aligned with a BTC bullflag.
So we are now expecting a bullflag for bitcoin, as per chart below.
All this makes sense as to why BTC just drop 8%.... Don't sell and buy the dip.
Note the daily ribbon of 10/20 ema acting as support.
We are approaching the goldern ratio of 1.618
All the best,
S.SAri
Daily chart shows bullish indicators
We can see the total market cap has broken out of consolidation structure and now rising in an up channel. Note the fib extension levels,
We have hit a key level and we saw the today, a first touch rejection. We will consolidate and likely break this level soon which is aligned with a BTC bullflag.
So we are now expecting a bullflag for bitcoin, as per chart below.
All this makes sense as to why BTC just drop 8%.... Don't sell and buy the dip.
Note the daily ribbon of 10/20 ema acting as support.
We are approaching the goldern ratio of 1.618
All the best,
S.SAri
Daily chart shows bullish indicators
Comment
ref. DXY chartDAILY candlesticks with wicks on top.
Downward pressure
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