We dropped down to a swing failure pattern May 12th. (a long wick down). We then sprang back up on the 15th to create a small range for the month of May. The low and high of that range used to pull the fib and find a golden pocket at 1.15 trillion . We have left that range long ago but since rejected from it twice. I wonder if we will retrace to the POC below and...
chart is clear, Daily resistance from the 2021 top, It's virgin, first touch. onething more a strong static resistance is here, I expect a correction from here
Lots of traps either way but notice the big picture. We could easily go way down to finish out the imbalance area below 905 trillion. We sfp'd (swing failure pattern'ed) to the top of the imbalance area already but still seem to gravitate towards the golden pocket. Will update soon.
TOTAL Crypto Market Cap 1Hr looks to be puttin in a Head and Shoulders pattern...
Its holding on support (red line VPVR) for now.. Need a move to the upside and a break above green line and hold to invalidate... But
we do have alot of uncertainty in the markets due to failing banks and now Credit Suisse having issues...
Keep an eye on this to guage the crypto...
I see some shake outs coming and we could wick down to 21600 with 22400 a poc and 23k an easy target but I love the way 24K has held i see us creeping back to 25-26K. HOLD STRONG!
As with many other Markets, Crypto took a Dive as fears about SVB came tot he surface but as soon as ideas of safty came out, Look how it recovered. This is one of the MAJOR advatages of Crypto, it really is 24/7, trading any day and at any time. Some people Still cannot get their heads around that.
Anyway, Look at the Volume that came in. thats shows Huge...
The crypto market has seen tremendous growth in recent years, with an increasing number of individuals and businesses adopting cryptocurrencies as a viable alternative to traditional fiat currencies. This has led to a surge in demand for blockchain technology, as it provides the foundation for cryptocurrencies and enables secure and transparent transactions.
One...
Inverse H&S structure is forming on the altcoin market cap chart
This right shoulder might push the cap much higher and result in a recovery
Chart pattern analysis
Daily timeframe
The chart speaks for itself mostly. PA still in long term descending channel, Wicked down to lower trendline and found support
VRVP shows a lot of resistance above and not a lot of support below IF PA breaks out of channel
Fundimentals right now are very Biased against Crypto and to many extents, unjustified. IT is the simple Fact that Crypto has been relent on...
Hello guys. This is an update of previous analysis (blow link), The chart is very similar to Bitcoin now. After breakout the trend line , I expected some correction as a pullback and complete the pattern then continuation of upward but this has not happened yet and the market needs that ,Consider it and monitor the price's action in the circles.
Good luck.
If you...
