The crypto market broke out bullish-and yet the course falls! Why does the crypto market fall now-and how long? There have been massive price gains again in the past seven days. The crypto market was able to break the Golden Ratio with around 1.15 trillion Bullisch. The Golden Crossover is still intact in the 4h chart. The crypto market remains bullish in the medium term. The MacD lines could soon cross bullishly in the monday.

The crypto market broke out bullish-and yet the course falls! Why does the crypto market fall now-and how long? There have been massive price gains again in the past seven days. The crypto market was able to break the Golden Ratio with around 1.15 trillion Bullisch. The Golden Crossover is still intact in the 4h chart. The crypto market remains bullish in the medium term. The MacD lines could soon cross bullishly in the monday.

The crypto market broke out bullish-and yet the course falls! Why does the crypto market fall now-and how long?

In the past seven days there have been massive price gains again. According to Coingecko, the ten coins move with the strongest price gains in the range of +58.4 % and 1071.5 %. This indicates massive bullish price movements on the crypto market.

Nevertheless, the crypto market was able to break the Golden Ratio with around 1.15 trillion Bullisch. The course was now on the way to the last high point at around $ 1.26 trillion. However, the market only rose to a market capitalization of USD 1.24 trillion and then started a correction movement.

In order to remain bullish, the crypto market would have to use the Golden Ratio resistance at around USD 1.15 trillion as support. Otherwise, the next significant FIB would wait for around USD 1.138 trillion and $ 1.075 trillion.

The indicators give mixed signals. While the relative strength index (RSI) is neutral, the moving averse convergence diversity (MACD) shows a clearly bearish tendency. The MACD lines are over -crossed and the histogram of the MacD is very deeper. On the bullish side, however, a golden crossover has established itself in the daily type, which confirms the short to medium-term trend.

The Golden Crossover of the exponential moving averages (EMAS) in the 4-hour chart also remains intact and confirms the short-term bullish trend. The MacD lines are crossed in bully, while the histogram of the MacD begins to tick more deeper and the RSI moves in the neutral area.

Despite a deeper high point last week, the prospects for the crypto market remain clearly bullish. Provided that the market is supported by the golden ratio of around $ 1.075 trillion. Only if the market capitalization falls below this level will the market for Golden Ratio support support at around $ 930 billion. However, as long as market capitalization remains above this level, the upward movement remains bullish intact. In addition, the histogram of the MacD has been ticking bullishly for five weeks and the MacD lines in the weekly chart are crossed.

In the monkey tart, the crypto market encounters an important Fibonacci resistance at around $ 1.27 trillion. If the course overcome this resistance, there is potential for an increase to the golden ratio at around $ 1.65 trillion. The histogram of the MacD in the Monthly Charter continues to show a bullish trend, which indicates that the MacD lines could soon cross bullishly.