Short-term analysis for Crypto Total Marketcap on daily chart
Obviously, the new bull trend starts after the price hit the trend line and bounced up powerfully with a great green candle.
However, after that, the price near the previous demand area which had settled for about 2 months, and then the price went down swiftly.
Therefore, we need a correction Wave 2 to consolidation the huge and sharp rising of Wave 1. To break through the previous demand zone, it needs the same time span as the previous zone.
To conclude, the best strategy for the next few weeks is to waiting for the best price until the correction ends patiently. Do not buy up and kill cheapen!
Best regards to you all.
However, after that, the price near the previous demand area which had settled for about 2 months, and then the price went down swiftly.
Therefore, we need a correction Wave 2 to consolidation the huge and sharp rising of Wave 1. To break through the previous demand zone, it needs the same time span as the previous zone.
To conclude, the best strategy for the next few weeks is to waiting for the best price until the correction ends patiently. Do not buy up and kill cheapen!
Best regards to you all.
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A screenshot to share with your friends.
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It seems that the market is not healthy enough for now. Maybe the correction wave-2 will continue for a while. You should keep your portfolio in a safe level and stay patient.
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The market looks very unhealthy, and there seems to be a big panic dump. DO NOT buy now.
