Total crypto market (CRYPTOCAP:TOTAL) BTCUSD compare
(4h) This time I’ll compare Total crypto market to BTCUSD chart, cause as a leading cryptocurrency has an impact on whole market. Indeed we retested dotted line on the RSI on 4h time frame Crypto TM. Meanwhile I shifted last resistance level to 2.1T $ as more adequate, but I still didn’t saw higher volume,
although second 4h candle going to close as bullish one above 2.1T lvl. We could test red trend line as upper band of price channel. If we print lower high, its not so bad if Crypto TM will hold 2.1T $ as support.
(1D) Same as Bitcoin, it shouldn’t be bad if next low will be higher than last one. Best situation will be next all time high (higher high in this case) at BTC price, or creating higher lows which could be potencial ascending triangle. For now 50 moving average on daily burns price as resistance. RSI looks like divergence which will give me more data when we cross yellow line or test it (last seen this kind of divergence on ETH around 2$k, which nicely broke upwards). MACD on the bitcoin chart seems nice, blue line intersects from below wchich is potencialy good sign. But if BTC cant break ~58 400 $ we potencialy go down to ~50 - 51k which must be held.
although second 4h candle going to close as bullish one above 2.1T lvl. We could test red trend line as upper band of price channel. If we print lower high, its not so bad if Crypto TM will hold 2.1T $ as support.
(1D) Same as Bitcoin, it shouldn’t be bad if next low will be higher than last one. Best situation will be next all time high (higher high in this case) at BTC price, or creating higher lows which could be potencial ascending triangle. For now 50 moving average on daily burns price as resistance. RSI looks like divergence which will give me more data when we cross yellow line or test it (last seen this kind of divergence on ETH around 2$k, which nicely broke upwards). MACD on the bitcoin chart seems nice, blue line intersects from below wchich is potencialy good sign. But if BTC cant break ~58 400 $ we potencialy go down to ~50 - 51k which must be held.