This chart represents the total market cap of Cryptocurrencies. Bullish momentum in this chart means money is coming in cryptocurrencies and vice versa.
Currently, TOTAL is at Weekly Supply Zone and Forming Rising Wedge which is a Bearish Traditional Chart Pattern.
RSI is showing Bearish Divergence on H4 and Daily.
If it breaks the trendline support of Rising Wedge, I will be looking to Short on BTC and other alts with the mentioned targets.
Hit the boost button if you like my idea.
Currently, TOTAL is at Weekly Supply Zone and Forming Rising Wedge which is a Bearish Traditional Chart Pattern.
RSI is showing Bearish Divergence on H4 and Daily.
If it breaks the trendline support of Rising Wedge, I will be looking to Short on BTC and other alts with the mentioned targets.
Hit the boost button if you like my idea.
Trade active
First Two Targets Reached SuccessfullyTrade closed: target reached
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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.
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.