TOTAL market cap from ichimoku point of view
ichimoku is well know Japanese system , from its point of view , there is no resistance for the total market cap until the red line ( monthly clould + kijun plat which is a very strong level of resistance when it comes to ichimoku ).
the first level of the 2017 top has been holding for 6 months now , in my point of view it will broke because we are far away from 85+ % typical correction in the total market cap , and now in a probable recessionary environment and probably the end of the 10 year circular bull market , i think it will get there easily , nothing is guaranteed ,just an opinion based on multiple data .
for bitcoin we have the same resistance in around 10K that i think personally that could have a wick leading us toward 8-9k and then rapidly reclaim the 10K region .
this is not a Fa folks
thank you
the first level of the 2017 top has been holding for 6 months now , in my point of view it will broke because we are far away from 85+ % typical correction in the total market cap , and now in a probable recessionary environment and probably the end of the 10 year circular bull market , i think it will get there easily , nothing is guaranteed ,just an opinion based on multiple data .
for bitcoin we have the same resistance in around 10K that i think personally that could have a wick leading us toward 8-9k and then rapidly reclaim the 10K region .
this is not a Fa folks
thank you
ملاحظة
i will be sharing ideas from my new account : tradingview.com/u/Benterkiayoucef/
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