Crypto Marketcap Explodes Higher
Today was a good day for crypto markets as total marketcap reached back to $487B. I think this is very healthy move higher after breaking that downward channel at around $400B.
We are very close to that $500B psychological level. Below is the chart;
I think once we take back $550B, there will be bunkers!
Below are the previous charts we shared;
What do you think? Please share your thoughts as I am not a professional analyst.
There was big news over the past week that South Korea isn't going to ban crypto as feared but will begin to tax it. I guess that's got a lot of fear out of the market so we should be heading higher over the year :)
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Right and there was the same South Korean Govt's Jaw boning which knock down the markets in mid January this year.
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Haha some of them are now being investigated for insider trading. Hopefully in time, China and India will start to liberalize their crypto markets now that they see Russia, Korea, Singapore and the US not banning them.
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Yes, China's and India's softness on cryptos will be big positive!
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Seems like i made a head and shoulders bottom, it's now targeting 600B.
I think at 600B there will be another pullback to form a right shoulder of a larger head and shoulders bottom.
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Perfect dear friend @pompe72:)) Now I know that where to ask more questions about trends and analysis. I am not an expert on these things but my friend is, Wow!
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Who's your expert friend? It can't be me, if I was I'd be a milionaire by now (lol).
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For me the real wealth is the knowledge and you are very rich with it. Money is secondary and it comes and goes!
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The breakthrough has been occurred i think like that and now we can see some huge jumps slowly but steadily this time
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Slow and steady wins the race!
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Great news dear friend. Wish better
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Yes, let's hope for better future!
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I think short term it will go higher but overall I think we are headed for another downturn.
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Let's see dear friend, which way markets unfold. They can go lower too as you said.
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Yes, that is the interesting part. We all just don't know.
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Your analysis are great sir
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Everyone is atleast hoping for that!
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Downtrend is broken, let the rally begin!
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Like back
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To the question in your title, my Magic 8-Ball says:
Hi! I'm a bot, and this answer was posted automatically. Check this post out for more information.
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