TOTAL Marketcap / Crypto Total Market Cap
TOTAL daily analysis 20/04/2026. The TOTAL market cap index is currently printing a corrective grind against a broader bearish impulse, and our technical analysis stays focused on what market structure is showing rather than sentiment.
- Eventhough we all want that crypto rises, we have to remain neutral. When we look at the charts in that neutral way we can see : a bearish impulse followed by a long and tidious bullish correction.
- But isn't this what marketmakers want : create a bullish atmosphere where a lot of retail traders step in creating exit liquidity for their own trades ?
- The bullish correction happened within a rising channel, also known as a bear flag or correction against the trend.
- Eventhough the analysis of the last days was quite bullish orientated, we did not see any push breaking the daily highs. That lack of conviction with the bulls urges us to take a more neutral stance, and taking a bearish continuation back into consideration
Market Structure Analysis
From a naked-trading perspective, the sequence is clear: an impulsive bearish leg sets the dominant direction, and the current rally behaves like a corrective structure rather than a fresh impulse. A rising channel inside a downtrend often acts as a bear flag, where price stair-steps higher while liquidity builds above local highs, before rotation back with trend.
The key read in this TOTAL daily analysis is the failure to print acceptance above the daily highs; that undercuts bullish continuation and keeps the correction classified as counter-trend. In support resistance terms, the channel boundaries become the most actionable structure: the upper channel line typically caps corrective pushes, while the lower channel line is the “last line” holding the correction together before continuation pressure returns.
Key Levels and Scenarios
Bearish continuation is favoured if price loses the rising channel support and starts printing a clean lower high / lower low sequence again, confirming the corrective leg is complete. A bullish alternative requires reclaiming and holding above the daily highs with follow-through, turning prior resistance into support resistance flips and shifting structure away from “correction against the trend.”
Trading Implications
Structurally, this is a decision area: aggressive traders typically focus on confirmation at the channel edges, while conservative traders wait for a break of structure and a retest before committing. In either case, conviction should be judged by acceptance beyond the daily highs (bullish) or by breakdown from the channel (bearish).
This analysis is for informational purposes only and does not constitute financial advice.