TOTAL MARKET CAP (Y21.P1.E1).Resistance Level

2021年2月10日

Hi All,

We can see the total market cap has broken out of consolidation structure and now rising in an up channel. Note the fib extension levels,
We have hit a key level and we saw the today, a first touch rejection. We will consolidate and likely break this level soon which is aligned with a BTC bullflag.

So we are now expecting a bullflag for bitcoin, as per chart below.

All this makes sense as to why BTC just drop 8%.... Don't sell and buy the dip.
Note the daily ribbon of 10/20 ema acting as support.
We are approaching the goldern ratio of 1.618

All the best,

S.SAri


Daily chart shows bullish indicators

2021年2月11日

註釋

ref. DXY chart

DAILY candlesticks with wicks on top.
Downward pressure