Looking At The Crypto Total Market Cap Pattern

in #bitcoin6 years ago

I like the pattern unfolding on the combined crypto market. An index will give you better look at what's unfolding. The 5 wave wedge is a pretty ugly wedge, but is still a wedge. It should be steep at a 45 degree angle and then it would be sitting pretty. It's too early for confirmation yet.

The other nice thing to see is the price has tagged the previous high in September, 2017.
$179,552,000,000

On November 15th we saw a price of $179,541,977,303

So why is this important?

Well..... We retraced the whole parabolic move.

And that's nice to see.

Time will tell.

->If you copy and paste into Paint you can see the charts better.

crypto total market capitalization November 18, 2018.jpg

crypto total market capitalization November 16, 2018.jpg

A chart done last month, wasn't sure exactly which way it would go. Was happy to see it tag the target area.
bitcoin pivot octobeR 15, 2018.jpg

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Appreciate the recent upvote! You have some great content, got a follow from me! A follow would also be greatly appreciated!