Is the FALL in CRYPTO TOTAL MARKET CAP OVER??
It's the end of January 2022 and the Crypto Total Market Cap chart is getting ready to make a move...can we answer the question yet of Is the Fall in The Crypto Total Market Cap Over yet? There is a possibility.
It is possible that the last low was the end of a wave 5 down to end wave C down to end wave 2 down.
The continuation of this pattern would be the start of wave 3 up (there may be multiple 3s) that could go higher than the all-time high.
There are several other possibilities where price might continue higher, but get rejected and find an equal or new lower low.
And, there is one possibility that the worst is still yet to come...by a long way. One has to consider all the possibilities.
But as I write this at the first of a new month, we're paying attention to the price action as this triangle is coming to an end.
We're watching for which way price will break and further confirmation.
The 50ma is coming down without having been hit in a while, so it is possible it will come down on price hard and possibly cause price to fall back.
It should happen in the next few days so we'll be keeping a watch out for what happens there.
RSI is increasing and the MA is showing the first signs of leveling off.
Signs are popping up everywhere that even the slightest increase in volume is pushing up individual tokens by double digit increases.
This is a sleeping bull that won't be asleep much longer.
So the next few days and of course weeks will tell us a great deal.
Biden's talk on Cryptos and the next Fed Meeting are two of the large outside influences that may affect the Crypto Market overall.
So no...we certainly can't say for sure if the fall is over.
There is a first sign that may indicate that...what do you think?
Let me know and thanks for all the LIKES, FOLLOWS and COMMENTS!
It is possible that the last low was the end of a wave 5 down to end wave C down to end wave 2 down.
The continuation of this pattern would be the start of wave 3 up (there may be multiple 3s) that could go higher than the all-time high.
There are several other possibilities where price might continue higher, but get rejected and find an equal or new lower low.
And, there is one possibility that the worst is still yet to come...by a long way. One has to consider all the possibilities.
But as I write this at the first of a new month, we're paying attention to the price action as this triangle is coming to an end.
We're watching for which way price will break and further confirmation.
The 50ma is coming down without having been hit in a while, so it is possible it will come down on price hard and possibly cause price to fall back.
It should happen in the next few days so we'll be keeping a watch out for what happens there.
RSI is increasing and the MA is showing the first signs of leveling off.
Signs are popping up everywhere that even the slightest increase in volume is pushing up individual tokens by double digit increases.
This is a sleeping bull that won't be asleep much longer.
So the next few days and of course weeks will tell us a great deal.
Biden's talk on Cryptos and the next Fed Meeting are two of the large outside influences that may affect the Crypto Market overall.
So no...we certainly can't say for sure if the fall is over.
There is a first sign that may indicate that...what do you think?
Let me know and thanks for all the LIKES, FOLLOWS and COMMENTS!
