How are you today? I hope you’re doing well and not letting this price action ruin your day. Times like these can be tough if you’re unprepared or trading with emotions instead of following a proper plan or system.
This chart represents the **Total Market Cap** of cryptocurrencies, and as we can clearly see, it’s heading down. Today marks the second consecutive day of downside price action, accompanied by increased volume.
Yesterday was the ideal exit point for the long trade that started after the U.S. elections. The signal was simple: **price pierced the PSAR**, indicating that the trade should be closed. While this index doesn’t represent an actual tradable position, it reflects the system’s logic. Since this index aggregates the price action of all crypto assets, its decline suggests that most crypto assets are also experiencing downside pressure. While exceptions exist, this is the general trend.
What’s next?
– The **first target** is the 2021 top, marked by the black line.
– The **second target** could be the **0.236 Fibonacci retracement level**.
Of course, nothing is ever certain in trading. Tomorrow, the market could rally and ignore all current signals, but for now, the price appears to be trending downward.
A few reminders:
– In crypto, things rarely go the way we want.
– Stay prepared for every scenario and keep your portfolio ready to re-enter the market.
– Avoid letting hope and fear dictate your decisions—they won’t lead to profit.
I’ll keep monitoring the markets and share my thoughts as they develop.
If you found this analysis useful, feel free to like, share, or comment below. And as always: **stay safe and keep calm!**
