BTC total market cap - big hint at bull market?!

I have never traded BTC total market cap so I am not sure how much relevance it is to chart it. However, if you look at the large black box, the total market cap broke down below the descending triangle into this range, signaling an incoming drop. Now the total market cap seems to have drifted outside of the range. Could this be a similar hint for large movement ahead?

Blue triangle indicates the current range.
Green box is buy.
Red box is sell.
Blue line indicates major resistance.
This is a log chart.