Cryptocurrency Market Massive Bullishness (Highest Volume Ever!)
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Below we have the long term chart, take a look at the bars at the bottom, we can see a massive increase in ... The highest ever...
Cryptocurrency is just getting started... This is just the beginning, you can trust on that...
Crypto Total Market Cap Exclude BTC ( TOTAL2 ), Chart:
On the same chart above we can also notice:
- TOTAL2 is now challenging EMA100 (blue line) for the first time with great strength and , trading above it actually. A close above this level tomorrow would send another strong signal.
- Easily trading above EMA10 since February 2019. Above EMA10 = potential.
- We even have a pattern, a classic. and already playing out.
- The high is the best signal and the only one we need right now... Looking at this chart, not even the sky is the limit... Crypto will go to higher dimensions... :D
A different view: EMA10 is the main support if TOTAL2 starts to drop. If EMA10 can be broken, this is no big deal but just a warning, EMA200, and MA200 are still there as strong support. Only if there is a full candle close below MA200, we would switch from to and a new analysis is needed. Everything else, we remain ultra-bullish on cryptocurrency.
Expect massive action in the weeks ahead... In the next few months and for years to come! ...YEARS!
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Thanks a lot for reading.
This is Alan Masters.
The entire cryptocurrency market is looking, feeling and being extremely bullish with much more to come.
Here is a simple but strong analysis on why the cryptocurrency market is super bullish and will continue growing.
I hope you like it and can hit like to show your support.
Celer Network (CELRBTC) Resistance (Targets) and Support Levels
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We are taking notice of this growth as a positive development for the market. This is just one signal of course, there are many others that support this growth in volume that we are seeing.
Looking at the 2017 run up, the market cap was way higher on less trade volume. Moving ahead to now, the volume is way up, highest ever, but the market cap, while increasing, is no where near the 2017 levels. I take away that folks in 2017 were in and stayed in. But now, folks are trading in and out. Would this be a correct assumption and what does it mean for this market, price action and predictability when trying to compare previous market periods to today?