Hello, everyone!
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!
Goodluck
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.
Crypto marketcap looks like its breaking out from the bear trend which has been pushing down since 12th of May during the peak, bull market resume soon?
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
The TOTAL crycpto market cap has been in this 1.5 to 1.7T range before and has shown these lines to be both support and resistance. The big question is the market cap going to find support at 1.7T and then head upwards, or will it find resistance at 1.5T and head downwards.
This is a neutral post as I am unsure at the moment, but trying to see where the total...
I wrote a reply to some guy, in some thread, and I think its worth just making a timeline-post here about it.....
Copy/paste:
@ArtfulDodger1974, dont worry nothing here will fall. I can tell you confidently that I do business with whales, HNI, etc --- big and smart money. They are going into crypto big. Just yesterday - an example: Steve Cohen manages $22bn and...
Want to know when the market is overheated and need to pullback? When there is a gap between the low of a candle and the upper Bband.
The gap between the low of the 3M candle and the upper band need to be filled. Right now the upper Bband is around 1.5T.
For all my followers; we anticipated this dump of the market since BTC was at 64/63K and we came a long way; we did all the pips for the week and thus BTC can consolidate this weekend. The total crypto cap found a local bottom and shows a clear bullish divergence which means we can see a short term recovery for the market as a whole. This means calmer BTC times...
