An exciting updated look @ the weekly total crypto market chart!

An update to the weekly falling wedge we've been keeping track of on the total crypto market cap chart. We currently are breaking up from the 1 day yellow falling wedge. If we can maintain above the 1 day 50ma(not shown here) which we likely will, we will also trigger breakout of this larger 1 week red falling wedge! If we trigger the red falling wedge the entire market could triple to quadruple in value! We can see that much like bitcoin's chart, the weekly 200 ma (shown here in blue) has provided tremendous support. If we do indeed triple the market value from a validated bullish breakout of this wedge, I would be very confident that the bear market would officially be over at that point. Always potential for fakeouts of course though so I will remain vigilant for any bearish turnarounds but as for now probability is heavily favoring a triggered breakout of the red falling wedge within the next two weeks. We may very well be witnessing the start of it.

Comentarios:

i think there is a small chance we may see a capitulation fake breakdown still back into the red falling wedge and even temporarily under the weekly 200ma but that we will ultimately break upward from the red wedge...and looking at the chart you can see that means if we aren't already starting our breakout now that we will have at least broken out no later than march 18th.