BLX 1W: Watch for consolidation to continue + short term alt run
*Not financial advice*
Self-explanatory chart for the most part.
500d SMA / 7d = ~71W SMA
Not sure why this SMA has been so good for trend continuation pivots, but it just is. Pointed out by Dad Shark on his live stream, highly recommend checking him out.
Not sure if same percentage increase for total alt mcap is truly possible (a lot more capital now then back then), but a short term alt run seems likely at the very least.
Nice consolidation here will set the market up very nicely for another bull run, just like back in 2017. Combine this with the upcoming halving, and this scenario seems more and more likely.
Self-explanatory chart for the most part.
500d SMA / 7d = ~71W SMA
Not sure why this SMA has been so good for trend continuation pivots, but it just is. Pointed out by Dad Shark on his live stream, highly recommend checking him out.
Not sure if same percentage increase for total alt mcap is truly possible (a lot more capital now then back then), but a short term alt run seems likely at the very least.
Nice consolidation here will set the market up very nicely for another bull run, just like back in 2017. Combine this with the upcoming halving, and this scenario seems more and more likely.
