Just an idea based on the Z-score. Most people are still expecting a last trip to the downside.
I find this Fib Fan to be an amazing tool to spend trend reversal and mixed with the Z-score something like this could easily play out.
As we head into next week, markets have been heavily bracing for the FEDs Rate Hike on May 3rd or 4th . War is escalating in Ukraine, World Food Supplies are in disarray, Inflation is still at historical levels, Energy is soaring, and Supply Chains continue to struggle.
There are so many Macro challenges building up that simply put, they can't be ignored; No...
Currently Bitcoin's dominance is close to the bottom. Look at the history and compare it with the present. It will help you to better plan the sitaution.
My View is;
1. Bitcoin may show a strong upside movement with the #BTC Dominance above 50% atleast. Altcoins will either dump or move sideways. so the obvious asset to be held in such situation is #BTC.
A repeating pattern of same magnitude, at similar intervals. Today (2022-02-23) looks like it is going back up and being bullish but beware of resistance at downward trend, then experiencing another crash to 1.4T
If this Bitcoin analysis plays out we are about to see new local altseason. Altcoins is going to outperform Bitcoin. We can see that the Broadening Falling Wedge has been formed by the TOTAL3 – capitalization of cryptomarket excluding BTC and ETH. Now this wedge have been broken to the upside. Also we can see the retest of it’s upper band. I...
Cap needs to break the falling resistance in order to move towards the eventual target of 1.80T.
Major levels of resistance are around 1.35T followed by 1.42T. Doing so would open ATH's for market cap.
Initial support is seen around 1.2T followed by 1.15T.
The overall market value chart market marks the formation of a great symmetry pattern that also enjoys perfect time symmetry.
It seems that a corrective recession will publicly rule this market for some time.
Lower we become buyers. BTC 36K
The ponzi is going run out of cash $
Bitcoin price and whole crypto market is artificially pumped by Tether scam
Retails money has no power to hold the market
Dumbs money goings to smarts pockets!
Im not paying attention to the BTC death cross like everyone else. I am watching the total crypto cap and the 200D EMA (blue line) Break below on volume and I am far more bearish on crypto and BTC.
I have my spot holdings hedged with shorts. Capital preservation.
only a breakout and retest on that falling wedge can make me predict the next bull run on crypto, for now, still a sell trend, if there's no breakout to the upside occurring soon, we might see more fall to 1.1T MARKET CAP