Crypto Going Down... AKA Bitcoin

6 בספט׳ 2020According to the Crypto Total Market Cap. (TOTAL) chart, crypto is going down...

This can be just a correction that will end in a higher low, which is a bullish signal but Bitcoin and the TOP10 altcoins are aiming low based on the signals coming from the chart above.

In the past two days, we have the highest bear volume since May 2020.

This high volume to break below EMA50...
Meaning that the bears are entering the stage with force.

Conclusion
The total cryptocurrency market capitalization is going lower...

After so many months of bullish action and growth...
We can say that it is normal to see prices stalling, reversing, and instead of going up, going low.

Namaste.