Total Crypto Market Cap: Chart Update
Updated
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Total Crypto Market Cap.
The chart is showing a possible Head and Shoulders Pattern forming with the right shoulder currently forming. This may be invalidated if the crypto prices start to rise and increases the Total Crypto Market Cap. If the H&S pattern does complete the formation, it could potentially lead into a crypto bear market. Since this is a weekly chart, we will need to wait and watch.
In the related ideas below I discuss the recent BTC price with trend lines, EMA Ribbons and 200 SMA. Please review those as well.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
The chart is showing a possible Head and Shoulders Pattern forming with the right shoulder currently forming. This may be invalidated if the crypto prices start to rise and increases the Total Crypto Market Cap. If the H&S pattern does complete the formation, it could potentially lead into a crypto bear market. Since this is a weekly chart, we will need to wait and watch.
In the related ideas below I discuss the recent BTC price with trend lines, EMA Ribbons and 200 SMA. Please review those as well.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Note
Total 2 and Total 3 are also showing similar patterns. It is a concern to keep an eye on.Note
still a concern.Note
Broke down from the neckline. Let's hope 1.75T holds if we are going down.
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.