CRYPTO Total Market Cap - CAUTION!
Since my last post, Crypto Market Cap has not materially done anything except ride the bottom trendline up clinging and hoping not to collapse.
I have often said a crossing of the line in of itself is not a reason to make a move. (Buy, short, stop, or take profit) This chart is a great example why as to why I have that rule. Not only does it keep violating the line, but the structure is still extremely weak. Hence the saying
"When in doubt, zoom out!"
Despite the move higher Cryptos are still in a very dangerous position. CAUTION is in order for bulls.
I have often said a crossing of the line in of itself is not a reason to make a move. (Buy, short, stop, or take profit) This chart is a great example why as to why I have that rule. Not only does it keep violating the line, but the structure is still extremely weak. Hence the saying
"When in doubt, zoom out!"
Despite the move higher Cryptos are still in a very dangerous position. CAUTION is in order for bulls.
Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Real Macro Economic Investing
patreon.com/Realmacro
patreon.com/Realmacro
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.