Gravestone 3M candle Crypto Market Cap

531
Tonight the 3M candle closes for the Crypto Market Cap (Excluding BTC) chart and we seem to have printed a gravestone candle , signalling a reversal of trend . If you look at the 3M candle of April 2018 we can see that price did in fact reverse.

So what could play out here is price coming back down to 2/1 Gann Fan ratio and testing previous all time high before restarting the uptrend and that won't be till October 2021 , I have gone over the idea of the bull market restarting September/October 2021 and peaking May 2022 , take a look at my previous TA going over this idea

Crypto Market Cap Cycle Peak 2022 10.3T

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.