Total Marketcap Bat pattern
In my previous chart, i speak about Eth, the totalcap chart looks quite similar.
if we cannot obtain a sustained total marketcap above 2.2 trillion, the price of every crypto asset will drop.
1990 dotcom bubble brought an influx of retail participants not seen in decades. Everyone was looking for the next pets.com which incidentally not many people have heard of now, amazon became their biggest competitors. There was thousands of failed companies all earmarking their plans for the internet but they were too early. To me it seems eerily like the crypto space currently, the cycle/pattern of human behaviour repeats itself over and over, im in this space since 2014 crypto is the perfect boom bust markets for whales to play games as its an unregulated arena,
The current total cap imo is double topped, lower this time than May, the market is overheated, overpumped and due a correction.
Above 2.2-2.5 Trillion sustained will change my views.
Main point be careful with your capital.
In my previous chart, i speak about Eth, the totalcap chart looks quite similar.
if we cannot obtain a sustained total marketcap above 2.2 trillion, the price of every crypto asset will drop.
1990 dotcom bubble brought an influx of retail participants not seen in decades. Everyone was looking for the next pets.com which incidentally not many people have heard of now, amazon became their biggest competitors. There was thousands of failed companies all earmarking their plans for the internet but they were too early. To me it seems eerily like the crypto space currently, the cycle/pattern of human behaviour repeats itself over and over, im in this space since 2014 crypto is the perfect boom bust markets for whales to play games as its an unregulated arena,
The current total cap imo is double topped, lower this time than May, the market is overheated, overpumped and due a correction.
Above 2.2-2.5 Trillion sustained will change my views.
Main point be careful with your capital.
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