TOTAL MARKET CAP (ACCUMULATING)
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On the daily, the crypto market cap is overall bearish after respecting some chart pattern.
During the bull season we traded up to 2.9trillion dollars, after which we saw a dump from the all time high to 1.086trillion dollars.
In the 4hour, i mapped our the 4 hour supply zone and i feel we are accumulating because the total market cap is now trading above support (1.189T). Due to the fact that we are accumulating i expect price to see the nearest resistance (1.5Trillion) soon.
Remember to always follow your trading plan regarding entry, risk and trade management.
Goodluck!
On the daily, the crypto market cap is overall bearish after respecting some chart pattern.
During the bull season we traded up to 2.9trillion dollars, after which we saw a dump from the all time high to 1.086trillion dollars.
In the 4hour, i mapped our the 4 hour supply zone and i feel we are accumulating because the total market cap is now trading above support (1.189T). Due to the fact that we are accumulating i expect price to see the nearest resistance (1.5Trillion) soon.
Remember to always follow your trading plan regarding entry, risk and trade management.
Goodluck!
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