At the limit of the Market sustainability

in bitcoin •  3 days ago


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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The volume did fell from the 80 billion mark it had about ten days ago but it seems like gainning mommentum again. We are at 46 billion and from what I remember it was about 30 something two days ago. If we fall to 145 total marketcap then 2019 is screwed also...
I don't know what it has to happen to trigger a bull run.

I don't think the market will fall below 160 billion market cap mark, I beleive there will be a steady but gradual growth and increase in market capitalization of the crypto markets. The market will not dip below 160 billion mark before we will experience another bullish trends

will we see again a 800bi market cap? if the answer is YES.. let the market go to 100k again we will accumulate more candies, we are cryptospartans!

·

Yes it MUST!

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