Total market cap shows everything, it's buying time
In the last Total market cap analysis, Crypto market was bottoming in ascending triangle and I expected bullish impulse:
This time we had almost exactly the same market structure while the market was topping in a descending triangle.
Although BTC is not on the perfect levels for buying, Total market cap usually gives a good and precise buying and selling zones.
The ideal scenario would be price dipping and finding quick support on 180B (blue box), making another perfect higher low on a bigger macro level (weekly):
This time we had almost exactly the same market structure while the market was topping in a descending triangle.
Although BTC is not on the perfect levels for buying, Total market cap usually gives a good and precise buying and selling zones.
The ideal scenario would be price dipping and finding quick support on 180B (blue box), making another perfect higher low on a bigger macro level (weekly):
