Are Cryptocurrencies Getting Ready to “Crash” the Stock Market’s Party?

MC3618

BULLISH Above $520 Billion

BEARISH Below $400 Billion

 

 

 


 

 

 

 

 

 

 

The market capitalization of Cryptocurrencies  is turning lower and approaching the $400 Billion level, at which point it will be in BEARISH territory. Some technical analysis of the chart shows the Cryptocurrency sector has already broken through  ascending trend line, an indication that it is poised to “Crash” the party in stock market indexes, such as the Dow Jones Industrial Average,  http://markonomics101.com/2018/03/06/dow-jones-industrial-average-remains-in-crash-pattern/.  The only way for the Cryptocurrency sector to abort would be to reverse and exceed the resistance at $520 Billion.

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