TOTAL market cap from ichimoku point of view
ichimoku is well know Japanese system , from its point of view , there is no resistance for the total market cap until the red line ( monthly clould + kijun plat which is a very strong level of resistance when it comes to ichimoku ).
the first level of the 2017 top has been holding for 6 months now , in my point of view it will broke because we are far away from 85+ % typical correction in the total market cap , and now in a probable recessionary environment and probably the end of the 10 year circular bull market , i think it will get there easily , nothing is guaranteed ,just an opinion based on multiple data .
for bitcoin we have the same resistance in around 10K that i think personally that could have a wick leading us toward 8-9k and then rapidly reclaim the 10K region .
this is not a Fa folks
thank you
the first level of the 2017 top has been holding for 6 months now , in my point of view it will broke because we are far away from 85+ % typical correction in the total market cap , and now in a probable recessionary environment and probably the end of the 10 year circular bull market , i think it will get there easily , nothing is guaranteed ,just an opinion based on multiple data .
for bitcoin we have the same resistance in around 10K that i think personally that could have a wick leading us toward 8-9k and then rapidly reclaim the 10K region .
this is not a Fa folks
thank you
Note
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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.