Total Market Cap Excluding Top 10
The chart illustrates the Crypto Total Market Cap Excluding Top 10 (CRYPTOCAP) on a weekly timeframe, highlighting key patterns and potential market behavior:
Bullish Deliberation Block:
Two bullish deliberation blocks are marked (indicated by blue arrows), where the price consolidated after a strong upward move, showing indecision in sustaining bullish momentum.
These blocks often precede significant market reversals at higher levels.
Historical Pattern Suggesting Weakness:
Previous instances of similar bullish deliberation zones were followed by sharp declines, signaling that the current structure may repeat a historical bearish pattern.
The weakening buy interest aligns with a possible exhaustion of bullish momentum.
Third Wave Bearish Starting Point:
The chart suggests the potential onset of a 3rd bearish wave in a larger corrective structure.
This aligns with the marked decline zone, indicating a strategic sell point for traders anticipating a downward move.
Bullish Deliberation Block:
Two bullish deliberation blocks are marked (indicated by blue arrows), where the price consolidated after a strong upward move, showing indecision in sustaining bullish momentum.
These blocks often precede significant market reversals at higher levels.
Historical Pattern Suggesting Weakness:
Previous instances of similar bullish deliberation zones were followed by sharp declines, signaling that the current structure may repeat a historical bearish pattern.
The weakening buy interest aligns with a possible exhaustion of bullish momentum.
Third Wave Bearish Starting Point:
The chart suggests the potential onset of a 3rd bearish wave in a larger corrective structure.
This aligns with the marked decline zone, indicating a strategic sell point for traders anticipating a downward move.
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Wyłączenie odpowiedzialności
Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.