AlanSantana

Cryptocurrency Going Below 2 Trillion... 😭

Short
CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
The charts are now changing... This is the total cryptocurrency market capitalization, Bitcoin + Altcoins.

Today, we have the highest volume , bear volume /red, since February 2021.

Yesterday, TOTAL close below EMA10 and EMA21 with EMA50 being tested today.

We have bearish cross on the MACD and the RSI is dropping...
The whole cryptocurrency market capitalization is going lower. Not nice.

From 2.072 T to 1.767 T soon.

After this level is hit which also coincides with EMA100, we will know what might come next.

Lower or bounce back up?

I like to believe that it will bounce but I don't know... For now, the whole market capitalization is about to drop.

Conditions for change

We would need to see TOTAL move and close above EMA21 in the least for the bulls to be able to consolidate and recuperate, not very likely at this point.

Corrections are part of the market...

In April, we had 9 days of correction.
In March, we had 6 days.
In May, we have 2 days so far including today... It can go for much longer or it can reverse right away... But the signals are pointing lower...

What's your take?

Leave a comment in the section below.

How long will this market correction last?

For a few days?
Multiple weeks?
Or months?

Share with us.

Namaste.
Comment: Crypto market cap. going below 2T.
Comment: TARGET HIT!

New chart analysis needed to determine the next target.

Thanks for the amazing support.
Comment: We are almost there... 1-2 weeks max for a bear break.
Comment: πŸ…±οΈ This is what I see happening with Bitcoin.
It will bounce up, but first a drop.

Note: This is just my view of the chart currently and it can always change.
Not financial advice.
Do your own research.

https://s3.tradingview.com/snapshots/z/z...
πŸƒβ€β™€οΈ Follow my public Telegram channel by clicking/tapping the link below...

πŸ”Ί https://t.me/alanstelegram
(πŸ₯‡ Free PREMIUM Trades, Altcoins, Bitcoin, Results, Rainbows & More)

Comments

Hi how the hell did you see this coming? I still don't understand your technical analysis, do you have a video explaining this analysis please?!?!?!?
+5 Reply
AlanSantana jalal212
@jalal212, The candle on 12-May is a bearish signal.

Closing below EMA10 and EMA21 is another bearish signal.

Highs volume bar 13-May, bear/red, another bearish signal.

The bearish divergence with the indicators, MACD and RSI, another bearish signal.

The RSI going below EMA50, another bearish signal.

And there are many more.

It will drop to maybe around 800-900B and then a bounce...
But the signals are not as clear and as strong as it was then I shared this post.

My regards.
Reply
Hodl,wait for it to correct, corrections are healthy . Buy the toe dip
+3 Reply
AlanSantana richgraham
@richgraham, Yes they are...
Reply
richgraham AlanSantana
@AlanSantana, sign of a seasoned trader when you don't let the hype cloud the facts. Nailed this one. Ddi you short it ?
Reply
you were right.... πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½πŸ‘πŸ½
+2 Reply
AlanSantana johnjoel89
@johnjoel89, 😊😊😊
+1 Reply
gl with shorting
+2 Reply
AlanSantana VanderHedge
@VanderHedge, Thanks.
Reply
I think it will touch the 30's
+2 Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter