OUTLOOK ALTCOIN CRYPTO TOTAL MARKET CAP
The Chart is represents the total crypto market captialization on the monthly time frame. I have simply not used the log-scale just to show you that the current movement is more likely not a dip, rather the beginning of a two year bear market, even besides all the adoption happening in this space. Although the blow off top is very obvious. My personal bias to the current market situation does not change anything about my entrenched dedication for cryptocurrencies, but I highly recommend not to interpret this bold statement into maxism. Keep it stupidly simple pays off most of the time. The three horizontal lines act as area of support. First and second line will be visited sooner or later. Chances for line three to happen are there but my fantasie right now would rather strike the path to George Orwell and Aldous Huxley, which you do not really want me to dive deeper in.
RSI also confirmed the top like in 2018 and a potential bearish cross-over would additionally validate my idea. We had a great run. Lot's of profits and you have to take some in order to say you were profitable, otherwise your words mean just pure thin air. To be profitable does not mean to actually catch the exact top. Profitable equals that you get out with more money than you got in. I personally gave a reasonable amount of profit back to the market, because I paid not enough attention to my own state of mind at some point, but profit is profit. Trial and error. Lessons are there to be made.
RSI also confirmed the top like in 2018 and a potential bearish cross-over would additionally validate my idea. We had a great run. Lot's of profits and you have to take some in order to say you were profitable, otherwise your words mean just pure thin air. To be profitable does not mean to actually catch the exact top. Profitable equals that you get out with more money than you got in. I personally gave a reasonable amount of profit back to the market, because I paid not enough attention to my own state of mind at some point, but profit is profit. Trial and error. Lessons are there to be made.
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