TOTAL CRYTOCURRENCY MARKET VIEWS

The TOTAL CRYPTO MARKET CAP is found on a pretty strong support, where we have $2.153T and $1.965T as Monthly supports, and $1.963T as weekly support. The recent dump took it all the way down to the Monthly and weekly support of $1.96T, where we got a bounce pretty quick. There is a possibility that we could slowly test the $1.96T again in the few next days. A Monthly close above the $2.153T is crucial so that the bullish momentum can continue into beginning of next year 2022. But if we close a weekly/monthly below $1.96T, we will probably see the bullish momentum being delayed for a couple more months. Bear in mind that the FED decision about tapering still has to come out in the next few days, and that also can impact the markets negatively for a while, but yet to be seen.

What I am seeing now, it is a accumulation phase for a few days/weeks between $2.4T and $1.9T, which can be a good opportunity to buy for the long term.

My sentiment: MONTHLY -> BULLISH . WEEKLY -> BULLISH . DAILY -> BEARISH


Red lines = Monthly Supp. Resist.
Blue lines = Weekly Supp. Resist.