Is the FALL in CRYPTO TOTAL MARKET CAP OVER?
We're watching price behavior at this bottom dashed channel line...where price pierced above but has fallen back under.
RSI is still weak only up from just over 20 to now just over 22.
A nice reprieve from the slaughter, but until we get confirmation to the upside and get back into the Up channel, there could be more downside to come.
I've added a new Major Support Line in dotted Green that shows with the Red dotted Major Resistance Line above is the current major down channel that price is currently within.
Price, after a period of time in these channels, with often come back to these channel lines, as if drawn by a magnet.
So, it's not out of the realm of possibility that price will come down and touch this bottom channel line again.
I welcome any comments and really appreciate you letting me know that you're finding this helpful.
There are lots of opportunities out there and I'm certainly picking up positions at these levels, but trying to keep some powder try in case there is more to come to the downside.
But I'm back to Neutral with this slow, paltry action off this last bottom.
I need to see more!
RSI is still weak only up from just over 20 to now just over 22.
A nice reprieve from the slaughter, but until we get confirmation to the upside and get back into the Up channel, there could be more downside to come.
I've added a new Major Support Line in dotted Green that shows with the Red dotted Major Resistance Line above is the current major down channel that price is currently within.
Price, after a period of time in these channels, with often come back to these channel lines, as if drawn by a magnet.
So, it's not out of the realm of possibility that price will come down and touch this bottom channel line again.
I welcome any comments and really appreciate you letting me know that you're finding this helpful.
There are lots of opportunities out there and I'm certainly picking up positions at these levels, but trying to keep some powder try in case there is more to come to the downside.
But I'm back to Neutral with this slow, paltry action off this last bottom.
I need to see more!
