Crypto Total Market Cap, $Updated Is a Black Swan going to destroy crypto?!
I've been bullish on individual tokens, but after taking a step back I think I'm going very defensive on crypto and stocks.
With the precarious nature of markets right now (war in Europe, decade high inflation, recovering from a once in a century pandemic), it's not going to take much to torpedo stocks and crypto.
The chart lists some bearish traits, on the weekly, maybe we get a week or two of good action but there is cause for concern.
Any major geo-political shock to the system (major cyber-attack, nuclear war) will crater crypto fast as lightning.
Trade safe....
With the precarious nature of markets right now (war in Europe, decade high inflation, recovering from a once in a century pandemic), it's not going to take much to torpedo stocks and crypto.
The chart lists some bearish traits, on the weekly, maybe we get a week or two of good action but there is cause for concern.
Any major geo-political shock to the system (major cyber-attack, nuclear war) will crater crypto fast as lightning.
Trade safe....
Note
Markets holding. Black Swans are unpredictable. Without one I believe we go see a rally to re-test 60K, but with the elevated environment of fear it won't take much to rattle markets badly
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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.