Total Crypto Market Cap - Trendline still intact
As you can see, there is a trendline that has acted as support several times and we have gotten a bounce from each time. Don't panic if a candle wicks below this, however if there is a FULL DAILY CLOSE below keep a close eye on it as this could mean we will see a larger correction / breakdown. If it closes below watch for a confirmation on the daily time frame - retesting the trendline and getting rejected - that would be worse case scenario playing out.
Zlecenie aktywne:
Candle wicked below and so far have gotten the bounce on the next daily candle. Good to get back above 2T!
Transakcja zakończona: osiągnięto poziom stop:
Fell below the Daily EMA ribbon, bounce attempt rejected. Worse case scenario unfolding. IMHO bear season has started.