Total Crypto Cap History Repeating? Importance of the 200D EMA
Total Crypto Cap is playing out same way as 2017 currently.
1. Strong rally for just over 100 days to blow off selling below the 200D EMA
2. First bounce from below the 200D EMA
3. Break back below 200D EMA
4. Weak 2nd bounce that fails to hold 200D EMA
Total Crypto Cap is still just below the 200D EMA. The 200D EMA is an important level that I want to see hold if the bull run is to continue immediately. If we fail to hold the 200D EMA I suspect we will bleed down to the 935B - 739B level.
1. Strong rally for just over 100 days to blow off selling below the 200D EMA
2. First bounce from below the 200D EMA
3. Break back below 200D EMA
4. Weak 2nd bounce that fails to hold 200D EMA
Total Crypto Cap is still just below the 200D EMA. The 200D EMA is an important level that I want to see hold if the bull run is to continue immediately. If we fail to hold the 200D EMA I suspect we will bleed down to the 935B - 739B level.