This is not a bitcoin chart. But is the most important chart to understand the overall outlook of the market. Let's get into it.
1. Total Market Cap- Gives you sentiment of the overall market.
2. WHY? 1 trillion, 1.5,T 2T, 2.5T, 3T playing a key support and resistance.
3. I was pretty sure this 1.5 to 2 range was to be tested as it needs to trap breakout traders. It successfully did and tested the 2 trillion region. I believe it will again go for retesting 2T to checkout the liquidity. If we successfully go 2T to 2.5T range we might see a small altseason before massive bitcoin pump.
3. In chart pattern this might look like ascending triangle.
4. Slowly looking into projects with the strong team and diversifying portfolio is a great strategy.
5. However I am looking for a good volume to show up. 1 T to 1.3T look for a great place to add position.
1. Total Market Cap- Gives you sentiment of the overall market.
2. WHY? 1 trillion, 1.5,T 2T, 2.5T, 3T playing a key support and resistance.
3. I was pretty sure this 1.5 to 2 range was to be tested as it needs to trap breakout traders. It successfully did and tested the 2 trillion region. I believe it will again go for retesting 2T to checkout the liquidity. If we successfully go 2T to 2.5T range we might see a small altseason before massive bitcoin pump.
3. In chart pattern this might look like ascending triangle.
4. Slowly looking into projects with the strong team and diversifying portfolio is a great strategy.
5. However I am looking for a good volume to show up. 1 T to 1.3T look for a great place to add position.