Crypto total marketcap. Cup and handle in the making?
Hi fellow traders,
Thanks for checking out my lill analysis on this fine Tuesday!
Nothing fancy here, just an observation. With price action of BTC choosing its direction a cup and handle pattern began to form on total crypto marketcap. In case it plays out the way it looks we can expect a huge leg up in the no so distant future.
The pattern is not perfect but it does look like one.
Also, I noticed a lot of bearish sentiment among traders. What do you think about the current developments in the markets?
Is BTC going to drop lower in order to shake out some more bullish investors before continuing this bull, or is it over and done? After all there are unfulfilled gaps on CME futures all the way down between 32-34k.
Please, share your thoughts with the world.
Happy trades!
Thanks for checking out my lill analysis on this fine Tuesday!
Nothing fancy here, just an observation. With price action of BTC choosing its direction a cup and handle pattern began to form on total crypto marketcap. In case it plays out the way it looks we can expect a huge leg up in the no so distant future.
The pattern is not perfect but it does look like one.
Also, I noticed a lot of bearish sentiment among traders. What do you think about the current developments in the markets?
Is BTC going to drop lower in order to shake out some more bullish investors before continuing this bull, or is it over and done? After all there are unfulfilled gaps on CME futures all the way down between 32-34k.
Please, share your thoughts with the world.
Happy trades!
