Cryptocurrency Total Market Cap Breakout + Bullish Potential
I am now looking at the total market for the entire cryptocurrency market, all altcoins including Bitcoin , and we have several interesting signals.
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Crypto Total Market Cap Chart Signals
Daily time frame chart analysis (left)
- On the left we have the daily time frame, where I want you to take a look at several things.
- First we have trading increases, which is the best signal you can have to support a strong breakout. This huge increase in came to break above EMA50 (magenta) and MA99 (red).
- The is super and the is just following its steps now entering the zone after having a crossover.
- Pretty simple, straight forward signals.
Weekly time frame chart analysis (right)
- Here the action is just getting started, on the weekly time frame. You can see that EMA50 is still far but the total market cap is now above EMA10. This signal is only valid when the week closes.
- Trading above EMA10 = potential.
- We have the curving up strong and the showing a crossover.
- The formation and TD Sequential are also supporting a move.
So the chart for Total Cryptocurrency Market Cap is starting to display some nice signals, and we have these many altcoins and Bitcoin making