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Market Insights
3-day line level $TOTAL bottom signal
Many family members like to watch Bitcoin moving averages, such as the weekly MA50, etc.
Break below is considered bearish
So here is a bigger signal, $TOTAL , which is the total market capitalization of cryptocurrencies.
The total market capitalization of all cryptocurrencies including BTC, ETH, and TOTAL3 is quite comprehensive.
The 3-day EMA200 level of $TOTAL serves as support, having retraced to this key position on August 5th and April 7th, and has now touched it again in the early hours of November 20th.
Therefore, if you like to watch moving averages, there are also bullish scenarios available for selection.
The worst-case scenario is a repeat of early 2022 (circled on the left in the image), where there is significant support here followed by a larger rebound, and then it continues to bear.
The downside space for a short-term direct decline (from the perspective of $TOTAL ) is also limited.
This article is sponsored by #BCGAME|@bcgame @bcgamecoin