🔥 Crypto Total Marketcap: Another Attempt At Break Out
As seen on the chart, the total marketcap of crypto is slowly but surely going to break out of this triangle consolidation pattern.
In case of a green weekend, we can assume that the current attempt will be successful and that next week will have decent market conditions. However, we can just as well fall back into the yellow area and trade there for another couple of days.
These consolidation patterns usually end with a bang. I'm expecting a lot of volatility somewhere next week in case the current move will end up being rejected. Whether we're going to see a bullish or bearish break out will depend on the stock markets. Since stocks are doing quite good at the moment, I'm favoring the bulls for this one.
Happy trading!
In case of a green weekend, we can assume that the current attempt will be successful and that next week will have decent market conditions. However, we can just as well fall back into the yellow area and trade there for another couple of days.
These consolidation patterns usually end with a bang. I'm expecting a lot of volatility somewhere next week in case the current move will end up being rejected. Whether we're going to see a bullish or bearish break out will depend on the stock markets. Since stocks are doing quite good at the moment, I'm favoring the bulls for this one.
Happy trading!
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