Done for now

101
The TOTAL2 Market chart is for one of the most beneficial for all the altcoins as Standard TA applies, There is a saying that goes "when the sun rises its for everyone" The principle here has to do with cash flow and looking for the market as an overall, the transition is less volatile due to the high volume, just imagine a big ship that needs to do a sharp turn, Bear market has unnoficially started once that candle closed below the 21, and officially once its below the 50. We can also see that the RSI is exhausted, with several bearish divergences, and that the stochastic is no longer crossing above the 50 line if set for 21. My conclusion is that the trend has inverted in June from the dip, and now is inverting again. Market is in my opinion to return in late October to mid November for a short bullish run and resume its downward trend until the next BTC halving. Take this analysis with a pinch of salt since im not an official trader and am not providing financial advice.

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.