🚫🪙 Total Market Cap of Cryptocurrencies - Total1
- The general trend is still bullish
- Targeting a first specific target of 4.4 trillion, which it was approaching - and a second target of 6.6 trillion
- The general trend has formed a bearish distribution pattern confirmed by closing below the red line of the 200-day EMA - at that point, the bullish trend ends and the bear market (decline) begins
- Any close below the Fibonacci level 1 at 3.1 trillion also means the end of the rise and confirms the bearish trend
🖥 Summary:
- Continue buying from the current price and targeting the previously set objectives, with a stop loss at a daily close below the 200-day moving average
⚠️ Note:
Any false close below the 200-day moving average and then returning to close above it allows for re-entry.
