TOTAL CRYPTO-CAP, Bullish Perspectives As Bull-Flag Builds Up!

Hello Cryptocurrency Community,

Welcome to this new analysis of mine about the Total Cryptocurrency Market-Cap displayed as the market-cap valuation in US-Dollar on the 4-hour timeframe perspectives. In recent times many mixed signals have hit the market however what is a prevailing imperative in this market environment is that the Bitcoin and Cryptocurrency technological mainstream adoption is actually moving forward, this is also why we did not have seen a devastating breakdown to the downside yet. There are further mainstreams adoptions markable such as Rio de Janeiro saving a part of its GDP to hedge against inflation, old economic investment bank Goldman Sachs completing its first Bitcoin Over-The-Counter trade or Malaysia considers to make Bitcoin a legal tender which would be the second country to move on with this fundamental action. These establishments show that the demand to adopt Bitcoin and Cryptocurrency is not decreasing however, in this case, it is also necessary to watch on the actual Price-Action-Determinations therefore I detected important signs, formations, and what to expect in the upcoming times.

As when looking on my chart now we can watch there that the Total Cryptocurrency Market-Cap Price-Action recently managed to breakout above the 710 Billion US-Dollar valuation mark and increased bullishness above this region to form a higher high in this zone. Besides that, we can watch a main ascending-channel-formation developing in the range marked in my chart with the orange channel. In this channel the Total Cryptocurrency Market-Cap is developing a wave-count of which the waves A and B are already completed. Now as the Total Cryptocurrency Market-Cap is approaching the main local resistance this is indicative for a pullback to the downside which will complete the wave-count with the wave C. When this happens the Total Cryptocurrency Market-Cap has substantial support within the major Structure-Support marked in my chart in blue, when the Total Cryptocurrency Market-Cap manages to bounce in this zone it will be the appropriate origin of the completion of the whole channel as a bull-flag once the price-action settles above the upper boundary it activates the main target-zone seen in my chart.

In this manner, thank you for watching the analysis, all the best!
"Good fortune is when opportunity meets preparation."

Information provided is only educational and should not be used to take action in the markets.