Crypto Market Cap totals - weekly look

Looking at the trend change in the crypto market cap totals.

Clearly dropped out of channel and is now testing mean kf larger trend channel.

Weekly Squeeze momentum indicator signaling additional downside / consolidation may be possible in coming weeks.

Watching confirmation of support / resistance flip of channle mean line around 2.4 T

Comment:

if bottom of channel around 1.7 T gets tested we will look to get aggressive long