Total Market Cap Analysis -BTC and ALTS Short for ALTS
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 .