Hello Ladies and Gentlemen!
I will explain you WHY, we most likely will enter a BULL MARKET soon (within 3 months). Many things are pointing in that direction.
1. The Market Sentiment is trending bullish.
-Increasing Global Market Cap
-Dropping BTC-Dominance (Other currencies are conquering more land, which historical seen is a leading indicator)
Over the past week, the crypto market capitalization increased by 30% from 100 to 130 billion. A few days ago there was a maximum daily trading volume of 35 billion. Now we see a clear trend. We are moving in the ascending channel and by the end of the month market capitalization is expected to be in the zone of 140 + billion.
We begin to grow. A lot of good news....
I would like to talk today about one graph that is usually ignored by most of the traders, but which gives the best signals overall for general direction of the market.
As we can see on the total crypto market cap, the price went down exactly at the same resistance as the last time, forming a pattern of ascending triangle which would be...
As I indicated in the chart, Bitcoin will make a decision between up to 8k or down to 7k.
The green trend line and the black trend line are supporting the uptrend. If these are broken, the price will go down fast and devastating. If it is not, the market will continue climbing until 7.9k.
Stop loss: 7525$
Everyone has been patiently waiting for what was to always come. Here I will explain the inevitable position of BTC. Where is the bounce is the biggest question clearly there are a lot of people waiting for an entry on a short position, you need to know this.
Currently the market cap is down to $290 Billion dollars, just 1 week ago when I posted we were at $350...