Is the TOTAL Crypto MArket cap showing a RESET is incoming ?NOTE - you may notice the Days Count lines are a differnet length, this is because I use the Volume Candles and so, because of their varying width, day counts can appear longer or shorter....
There is a lot to see in this chart and I am having a loko at it today because, for a few days now, I have felt Uneasy. Something is about to happen.
It may just be that I am about to Sneeze but I do not think so.
I remind you, this is NOT the Bitcoin chart, this is the TOTAL Crypto Market Cap
When BTC made its first ATH in March 2021, the TOTAL was Ranging and the MACD has just broken over the High line, approaching OverBought.
The MACD stayed up there, while PA rose, for 91 Days, before dropping back - This Week, it has just repeated that for the first time since 2021. - During that reset, PA Dropped -51% in a 2 week period.
It then ranged for 8 weeks before beginning its rise to new ATH, a 163% rise over 112 days, wit the New ATH on week of 8 Nov 2021.
One thing to notice right away is how the PA has played out very Much the same way - On the left, you can see how PA came up to the first, Lower Green bar, ranged under it before climbing to the upper green bar and got rejected by the Mid line on that green bar....
We have just done very much the same thing but over a longer Time period, a more controlled approach maybe. But we are one again under the Mid line of the upper Green bar and facing that possibility of rejection as MACD is Up high again and needs to reset
Lets assume the same type of thing happens again,
Pure assumptions here but with some date ranges that many have been talking a bout.
PA starts rising Properly, in a Bull run, Later in 2024 and we reach a TOTAL Crypto Market Cap ATH in around March 2025.
I remind you, That #Botcoin is very likely to reach ATH BEFORE the TOTAL market Cap.
One thing to also bear in mind here, Is if this does play out and the ATH is not Much higher, It means a Lack of increase of Liquidity into the Crypto Market.
ETF's HAVE deminished the Liquidity as While companies bought BTC to be able to offer ETF's, The amount of Customer Money entering ETF is way higher than the amount og BTC purchased.
The ATH may not be Muich higher..............RETAIL IS BUYINF ETF's Not BITCOIN
