We need to break 0.61 resistance and close above 347.5 B to confirm a move to the 0.5 on this reverse fib. If not, we could be set back for weeks, perhaps dropping back to 0.78. TA educational note: if this plays out, I will start to favor reverse fibs on bear to bull market reversals. Fibonacci would have been a crypto trader.
In this idea I will walk you through the most important parts on the chart of LINK on the 1H and continue my previous analysis. First of all, you can find my previous analysis here: We can see that the price has indeed been confirmed on the horizontal support level. Overall the cryptocurrency markets are going down, but it's safe to say that LINK has still be...
Weekly crypto mcap excluding BTC. Needs to cool off a bit, wouldn't be surprised for a retest of this level before continuation
Head and shoulders pattern is forming on the total market cap chart following a descending RSI and a divergence. It will do a correction to its support at $302B and immediately back to $318B as the bulls defend and the bull market will continue. This hypothesis supports my last idea about bitcoin correction to 9600
Weekly timeframe broke structure . nice shift of momentum to upside. plus EMA crossover to upside Daily timeframe nice support level H4 timeframe nice bounce with multiple confirmation of wicks H1 timeframe break of counter trendline structure and shift of momentum to upside is align in all timeframe plus EMA crossover
Total crypto market cap has blown past the $300 Billion area which was the local high we capitulated from in the second week of March '20. Currently were printing a bull flag targeting the $400 billion resistance level. Looks like we could push past the next resistance at $360 billion. Id imagine we would chop our way towards $400 billion after that. I think...
crypto needs a break so as the market cap deflates this will as well. but never fear it will be back - once they see the gains for the year everyone will fomo in. once they are in they will discover Ether and tezos and link and cardano and kava and the overall market cap will grow.
I feel like it's about time for some pullback. We will probably have a touch of the 50 MA (pink line), but I also don't think we will correct much lower than that. I am carefully opening some Shorts.
This chart is going combined the biggest market cap of NASDAQ. Technical aspect: Below the areas we are currency at, the next area below would be 5518. That would be heading NASDAQ further pull back. Higher above could go towards 5948 areas - Above could just follow the ascending channel. Increasing likely hood of testing key resistance areas. Interesting...
Happy Thursday. In the event you missed the news which appears to have been the catalyst for the large moves in the market yesterday, Coindesk reports the Office of the Comptroller of the Currency released guidance yesterday affirming the authority of Chartered National Banks in the United States to provide Cryptocurrency Custody Services for their customers in...
I see one more big flood of money coming into the market before the money starts getting pulled out again
Hello, traders. The question is simple, is BTC ready to recover some market cap? The answer is not so simple. The altcoins are rising sharply in the past few days causing bitcoin to lose dominance. Due to factors such as bitcoin are linked to American markets that are quite susceptible to bad news, this stability has made altcoins gain strength to gain...
In this idea I will explain what a bear flag is and how this information can help us position ourselves for a nice short trade on EOS. A Bear Flag is a bearish continuation pattern. It is formed when after a strong drop, an ascending channel is formed where the price bounces back and forth. The bullish version creates a view that looks similar to a flag and a...
Hello Traders! Looking at the TOTAL2 chart, we are in a critical point, if we get rejected on the upper trendline, we might expect a pullback, or a reversal of the trend. If you take a look at the daily chart, you can see that there has been a fiercely fight between the bears for almost 3 days on this area, and it seems that the bulls are finally winning, but...
An idea for ETH's market cap 1.618 bullish wave continuation
Let me just start by saying that I do realize that my methods are quite unorthodox, but I'm sure you'll find them convincing nonetheless. Thank you for reading, and please show your support by hitting the "Like" / "Follow" button now. The chart you're seeing here is the market cap of all altcoins combined in BTC (not USD). The formula used is TOTAL2/BTCUSD. It is...
GDLC - basically the market cap for crypto - It looked to be headed up but was then kicked back with the march crash. I think it it headed back there again - 7$ soon - but it has been hanging at $6. This is the last part of the market to move, first bitcoin moves pushing market cap then alt move up which moves market cap but over all the market cap of this sector...