Total market capitalization is slowly trending down, capital is going out of the market.
Levels to watch for total alt coins market if we break $185B there's a possibility that August will be a red month (Shorting is still majority of my trades spotting on the LH )
But we cannot take away the possibility of market reversal in the short term as the market will always create its LH.
If we break down below $146 B for the alts MC things might get worse there or we see supply build up.
Overall trend we are still into a long downtrend.
Is this the time to bag ? Not yet .
Levels to watch for total alt coins market if we break $185B there's a possibility that August will be a red month (Shorting is still majority of my trades spotting on the LH )
But we cannot take away the possibility of market reversal in the short term as the market will always create its LH.
If we break down below $146 B for the alts MC things might get worse there or we see supply build up.
Overall trend we are still into a long downtrend.
Is this the time to bag ? Not yet .
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