Crypto Market (USD) Total - How has the coronavirus effect affected the crypto market?

How has the coronavirus effect affected the crypto market?

Today I bring you this graph to take into account

It is the total of crypto market cap.

Let's see

Analyzing the graph we see that in the long term it was forming a triangle. That within the triangle we can see a lateral channel.

That in recent days it has broken down the triangle.

How far can crypto market capitalization go down?

If we measure the height of the canal, we can project from the breaking point and determine a possible support at $ 124 trillion or $ 124 billion

Which matches previous media ranges,

Will the coronavirus effect continue to affect the crypto market?

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Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
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