Cryptocurrencies Strategy Trends

At the limit of the Market sustainability

Just looking the simple chart provided by Coinmarketcap … Seems we are right now in the border of another decisive moment. There is a Head and Shoulder pattern flying over the crypto market and the recent decrease in volume does not help so much to sustain the growth:

Market has reached an amazing value of 186 Billion recently but now is struggling at the 170 Billion area…if this trend holds longer and the market overpasses the 167 Billion I am afraid we are going to see again a drop to the 145 Billion, a total market cap value previous to this nice rise…

Will see what happens but I think the ACCUMULATION phase is going to take longer as it was expected.

Anyway, as I said, first we have to hold the 167 Billion line, if so, maybe this pattern will be peanuts for us because the rebound can bring us to the 220 Billion easily.

Enjoy!

@toofasteddie

*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.


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