Cryptocurrency Market Massive Bullishness (Highest Volume Ever!)

Looking at the index for the total cryptocurrency market cap excluding Bitcoin, we can easily notice massive bullishness... We are looking at the weekly time frame here, so feel free to hit like now and allow me to entertain you for a few minutes...

Thanks a lot for the amazing support... Now, let's get started!

Below we have the long term chart, take a look at the bars at the bottom, we can see a massive increase in volume... The highest volume ever...
Cryptocurrency is just getting started... This is just the beginning, you can trust on that...

Crypto Total Market Cap Exclude BTC (TOTAL2), Chart:

On the same chart above we can also notice:

• TOTAL2 is now challenging EMA100 (blue line) for the first time with great strength and volume, trading above it actually. A close above this level tomorrow would send another strong bullish signal.
  
• Easily trading above EMA10 since February 2019. Above EMA10 = bullish potential.
  
• We even have a Cup & Handle pattern, a classic. Bullish and already playing out.
  
• The high volume is the best signal and the only one we need right now... Looking at this chart, not even the sky is the limit... Crypto will go to higher dimensions... :D
  

A different view: EMA10 is the main support if TOTAL2 starts to drop. If EMA10 can be broken, this is no big deal but just a warning, EMA200, and MA200 are still there as strong support. Only if there is a full candle close below MA200, we would switch from bullish to bearish and a new analysis is needed. Everything else, we remain ultra-bullish on cryptocurrency.

Expect massive bullish action in the weeks ahead... In the next few months and for years to come! ...YEARS!

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Thanks a lot for reading.
This is Alan Masters.

Namaste.

Commentaire:

Entire Cryptocurrency Market Now on Bullish Alert! (You/We've been warned).

The entire cryptocurrency market is looking, feeling and being extremely bullish with much more to come.

Here is a simple but strong analysis on why the cryptocurrency market is super bullish and will continue growing.

I hope you like it and can hit like to show your support.

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