Hello everyone and welcome to this simple yet important
Technical Analysis of total crypto market cap based on volume and price action.
What we have visualized here is strong resistance (red line) pushing us down since BITCOIN
BTCUSD was approx. 20K USD and
TOTAL total market cap at 7xx billions.
The reason why I´m watching this analysis is the BUY VOLUME in the market cap range similliar to now (Green squares)
At previous range the buy volume was far less then the actual one and we had now 3 weeks of constat buy volume (Yellow square)
on weekly chart. This is making me more comfortable to keep buying according to related idea.
The white square visualize here a FOMO when retailers jumped in based on mass media shill & got burned bad.
____________________________________________________
In related ideas you can see TA called: Bitcoin is bottom in ?
Where further informations can be found. (This reversal based on bullish divergence was spot on)
& I personally think it was best time to start buying
Have a question ? Feel free to ask.
Do you like this idea ? Likes/Follow/Sharing is highly appriciated
Wish you all great gains and nice day
Cheers
Technical Analysis of total crypto market cap based on volume and price action.
What we have visualized here is strong resistance (red line) pushing us down since BITCOIN
The reason why I´m watching this analysis is the BUY VOLUME in the market cap range similliar to now (Green squares)
At previous range the buy volume was far less then the actual one and we had now 3 weeks of constat buy volume (Yellow square)
on weekly chart. This is making me more comfortable to keep buying according to related idea.
The white square visualize here a FOMO when retailers jumped in based on mass media shill & got burned bad.
____________________________________________________
In related ideas you can see TA called: Bitcoin is bottom in ?
Where further informations can be found. (This reversal based on bullish divergence was spot on)
& I personally think it was best time to start buying
Have a question ? Feel free to ask.
Do you like this idea ? Likes/Follow/Sharing is highly appriciated
Wish you all great gains and nice day
Cheers
Note
Market Cap: $132 642 345 08624h Vol: $34 950 524 143
Literally 1/4 of total market cap in daily volume
Note
Hello followers waiting for the update. Lets Review last week.Last week we closed in red but its not that bad. If you compare sell volume which we had and if you take a look at "peak" the sell volume was almost the same but it pushed prices down almost 45% meanwhile now it took us down only 4,5% and the price looks like it broke out of the strong resistance line and seems like a support now so this week will be interesting either.
Anonymous investor teaches how to master the game towards PERSONAL GRADUAL GROWTH4FREE
IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Anonymous investor teaches how to master the game towards PERSONAL GRADUAL GROWTH4FREE
IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
IF YOU LIKE MY WORK, THEN PLEASE CONSIDER GIVING A THUMB UP TO SUPPORT ME & hit follow so you dont miss any of my new ideas.
Thanks
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.