🔍 TOTAL Market Cap (Crypto) Analysis: Weekly Timeframe 📉
The TOTAL Crypto Market Cap chart on a weekly timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view.
• BUY DATE - September 30, 2024 - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating crypto assets or entering long positions.
• SELL DATE - October 25, 2024 - Red Line: This time marks a potential local peak, signaling a possible moment to reduce exposure or take profits.
• BUY DATE - December 7, 2026 - Green Line: Another potential local low, suggesting a favorable time to enter long positions.
When working with this weekly timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective.
Note: The exact timing of these phases can vary by +/- a few days. All times are based on UTC-7 (Los Angeles).