We can use Total Market Cap to analyse when it's best to go bullish or bearish on the crypto market. A growing market cap can indicate investors' interest and their positive evaluation of the current market state = bullish whereas a stagnant market cap would indicate that investors are taking their money away from the crypto market = bearish.
By analyzing the Total Crypto Market Cap weekly chart, we can see 5 clear waves to the downside, which means we are either in motive wave 1 or in wave A of a zigzag pattern.
For both cases, we are expecting an ABC correction opposite to the recent 5 waves. we have already completed subwave A and finishing now subwave B, expecting subwave C higher.
In a zigzag pattern ( 5-3-5) we have:
Wave A= 5 waves
Wave B = 3 waves
Wave C = 5 waves
Therefore, our mission for the long term is to catch the impulsive waves of wave C after wave B. But for now will be focusing on catching subwave C of wave B.
We will be using this chart as a guide for the other cryptocurrencies charts.
Stay tuned for more Crypto analysis!
By analyzing the Total Crypto Market Cap weekly chart, we can see 5 clear waves to the downside, which means we are either in motive wave 1 or in wave A of a zigzag pattern.
For both cases, we are expecting an ABC correction opposite to the recent 5 waves. we have already completed subwave A and finishing now subwave B, expecting subwave C higher.
In a zigzag pattern ( 5-3-5) we have:
Wave A= 5 waves
Wave B = 3 waves
Wave C = 5 waves
Therefore, our mission for the long term is to catch the impulsive waves of wave C after wave B. But for now will be focusing on catching subwave C of wave B.
We will be using this chart as a guide for the other cryptocurrencies charts.
Stay tuned for more Crypto analysis!
Want more breakdowns like this? Links below:
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
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t.me/WicktatorVIP_bot
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
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Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Want more breakdowns like this? Links below:
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
📊 Free analysis (Telegram):
t.me/Wicktator
t.me/Crypto_Wick
⭐ VIP - Forex, Gold, Bitcoin:
t.me/WicktatorVIP_bot
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.