CRYPTO TOTAL - Bear Flag Update
The TOTAL Cryptocurrency market Bear Flag has COMPLETED in terms of percentage drop.
The market currently has very low buying volume (breakdown under all support on volume indicator - not good), however, so if we dont see a double bottom here, we could be dropping to the "1T" 1 Trillion MarketCap level, or worse, the 1.5 Trillion drop from the Bear Flag as well which is 648B.
The 648B Crypto TOTAL could mean Bitcoin price of BELOW 20k.
We are also looking at the Bitcoin 200 Week MA (Around 22-23k) as a potential bottom as well. Let's see.
Not many retail traders look at TOTAL. Looking at Bitcoin as the main direction of Crypto would be a mistake since the Bitcoin Dominance is still VERY LOW.
Also bare in mind we are Oversold on RSI - it may not make any difference, but still, we should expect a bounce at 1T at the very least if we get that low.
The market currently has very low buying volume (breakdown under all support on volume indicator - not good), however, so if we dont see a double bottom here, we could be dropping to the "1T" 1 Trillion MarketCap level, or worse, the 1.5 Trillion drop from the Bear Flag as well which is 648B.
The 648B Crypto TOTAL could mean Bitcoin price of BELOW 20k.
We are also looking at the Bitcoin 200 Week MA (Around 22-23k) as a potential bottom as well. Let's see.
Not many retail traders look at TOTAL. Looking at Bitcoin as the main direction of Crypto would be a mistake since the Bitcoin Dominance is still VERY LOW.
Also bare in mind we are Oversold on RSI - it may not make any difference, but still, we should expect a bounce at 1T at the very least if we get that low.
