​​#CMC (Total #marketcap) is trading at $750 Billion and has strong resistance at ATH $765-772 Billion . While the next one can be $810 Billion (based on current movement).

#BTC marketcap has no resistance beyond $540 billion but Bitcoin's $30k psychological resistance can create some retracement provided that #CMC doesn't close above $810 billion resistance on daily.

#Alts marketcap is growing but number of alts are also growing. Also the percentage of increment in Altcoins marketcap is lesser than that of Bitcoin's marketcap which is causing (also the recent #XRP crash) the Bitcoin's dominance to go up rapidly causing #dump in #alts /#Satoshi pair.

$750 Billion (the current marketcap) can also create some small resistance.

#BTC dominance has resistance at 72%. Tough time for #alts.

In every industry, there is a special language to make communication easy and efficient. Those abbreviations have a great impact on the industry, lets understand what they are.

List of abbreviations commonly used in cryptocurrency trading.

#Altcoins: Alternate cryptocurrency that is any cryptocurrency other than bitcoin
#Bag Holder = A person who buys and hold coins in large quantity hoping to make good profits in the future.
#Bear/Bearish = Negative price movement
#BTFD = Buy The Fucking Dip
#Bull/Bullish= Positive price movement
#DILDO = Long green or red candles
#Dump = To Sell off a coin
#DYOR = Do Your Own Research
#FA = Fundamental Analysis
#FOMO = Fear Of Missing Out
#FUD = Fear Uncertainty & Doubt
#HODL = Hold/Hold a position
#Long: Margin bull position
#MCAP = Market Capitalization
#Moon = Continuous upward movement of price
#OTC = Over The Counter
#Pump: Upward price movement
#Shitcoin = A coin with no potential value or use
#Short = Margin bear position
#TA: Technical Analysis
#REKT: When you have a bad loss
#Whale = Very Wealthy trader/Market mover.
#Weak Hand = a coin holder prone to selling at the first sign of a deep in price.
#bitcoin #cryptocurrency