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Welcome to this Total market cap update. Remember my previous Total market cap analysis. When the total market cap is trading around 1.36T I told you that it is making a falling wedge so we can see a drop and the Total market can go to touch the lower trendline. Exactly that is happening now.
Now what? So now I'm expecting a strong bounce in Total market cap is around 1.1T and when this bounce is coming the whole cryptocurrency market is green again.
If we get a daily close below 1.04T then this chart becomes invalid.
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