TOTAL MC : Bearish divergence on daily timeframe CRYPTOCAP:TOTAL
Hello everyone 😃
Crypto TOTAL market cap had failed divergence on daily timeframe recently.
Now it's forming another divergence on daily timeframe !
These multiple divergences will lead the market for a mid-term correction ( not major correction )
Also we are passing pivot point based on FIBBO time-zone...
I expect a continuation of mid-term correction till 14th May.
By the way there is a support zone which can hold TOTAL's movement and make a reversal point.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Totalcryptomarket
MCAP Another view(b) is a Head and shoulders view, with a left shoulder and a head already formed, expecting a rejection at the next Gann line
(a) suggests price will smash through the next line, as it did previously with the same structure
(b) is a bearish short term view
(a) is a strong bullish view
This is the altcoin marketcap
In the chart above i show where the altcoin market may extend to, June 2022
TOTALMCAP looks bullish 1H, 4HOpen moving averages is when they are structured in this order, descending - 50, 100, 200 MA
During these periods of time bullish activity is often highly favored
A few golden crosses can also be identified on TOTAL2
I still think the TOTALMCAP is extremely bullish throughout 2021
Where is the TOP for the market? Using Fibonacci time and identifying base structures we can use this tool to identify when the next top will be
0.618 was favored in the last bull run as a top point and will likely be favored again
This top aligns with June 2022, so we have a lot of the bull run left
I haven't assigned a top point because this could absolutely m00n, and just knowing the time is enough imo
I have done a lot of research into TOTAL2, here is some of my previous ideas
Moving Average Analysis - MCAPFrom these charts we can draw the conclusion that the chart 'OTHERS' is developing the separated three moving averages that can be seen on TOTAL.
A moving average pattern like this can last from months to years.
We can also draw the conclusion that Bitcoin is not completely connected to alt-coins and there is a disconnect between the two. Also we may see OTHERS excel above TOTAL, as it is clear that the chart is at a younger stage of development relative to the moving average structure.
Interested to see how this plays out. Remember, Diamond hands!!