#TOTAL MARKET CAP IMPORTANT UPDATE MUST READ!!
Updated
Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
TOTAL MARKET CAP UPDATE
As you can see in the chart or absorb in the chart here TOTAK MARKET CAP is making this falling wedge pattern as same it marked in 2018 and dropped 43% and invalided this pattern that was the last drop of the bull market.
Technically as we all know that this is a bullish pattern if this pattern breaks up out and test successfully then we can accept a bounce technically but if it Breaks down 700 billion support then it may drop almost 40%. Yes same as it was done in 2018.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
TOTAL MARKET CAP UPDATE
As you can see in the chart or absorb in the chart here TOTAK MARKET CAP is making this falling wedge pattern as same it marked in 2018 and dropped 43% and invalided this pattern that was the last drop of the bull market.
Technically as we all know that this is a bullish pattern if this pattern breaks up out and test successfully then we can accept a bounce technically but if it Breaks down 700 billion support then it may drop almost 40%. Yes same as it was done in 2018.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Note
In the daily time frame, the Total market cap breaks down this Descending triangle pattern currently it looks like it’s retesting this pattern if it retests successfully then Technically it can drop up to 450B.
We have two important support 700B and 550b.
To invalidate this pattern Bulls need to close a daily candle back inside this descending triangle.
Register on Blofin and trade with me: bit.ly/Mojo1000
Free TG Daily Futures Signals: bit.ly/CRYPTOMOJO_TA
Free TG Daily Futures Signals: bit.ly/CRYPTOMOJO_TA
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.