...or better said, by when the reversal will be confirmed?
Honestly, I do not know with certainty but I can share with you what I think are really good and simple tools to assess this point:
- The Crypto Total Market Cap, in a Daily timeframe
- The 200 DMA line
- The "Volume Flow Indicator" by LazyBear
Essentially, the Market is in a Bearish Trend when, the 200 DMA keeps located above "Total Market candle Line" and the "Volume Flow Indicator" [VFI] keeps below the "0" line separating two scenarios.
So, to confirm the reversal trend we should have to see first, an "approach" of the "VFI" to the bullish side, crossing the zero line and staying in that field waiting for the "Total Market Candle Line" crosses the 200 DMA line.
If we take the assumption that the Market has reached its bottom already on December 15th, it may be very likely that we are entering in the accumulation phase of the market...
We may "play" a little with the "projections" of both tools... Taking the trend of the 200 DMA and the VFI we can extrapolate the line as follows:
All in all, assuming that the Market has concluded a first and a second wave and it is now building a third wave up we may consider that April 2019 would be our confirmation of Reversal now...
According to that a total market Cap of 235 B$ would be needed.
...we just need 110b$ :-)
Enjoy.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
Published by Toofasteddie
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