After encountering resistance from previous highs, the price is now retracing towards the horizontal support level.
On the one hand, this was a needed mini selloff, likely liquidating more leverage out of the system and resetting funding rates. BTC trying to hold $68k and ETF money still goes brrr... Will money flow slow, or we get another big push up Monday? Lots of buy order blocks around $60k up to GETTEX:64K and the crypto day traders are shorting now with that target...
The total market capitalization of the crypto market increasingly seems like we might soon see a reversal for Wave 3, as there isn't much room left for upward movement. We would reach the all-time high in market capitalization just above the 361% extension for Wave 3. Thus, we don't believe there can be much further upward movement. Afterward, we should see a...
An idea showing a large bull phase coming for the altcoin market boosting the cap to 10T This can be shown within a large channel placed RSI also supports breakout theory
📊 Analysis: Current Level: TOTAL (Cryptocurrency Market Cap) is at a level last seen towards the end of the last bull run. Resistance Zone: Currently in the $2.50T - $2.67T area of resistance, and it's extremely overbought. BTC in Price Discovery: BTC is in price discovery, and uncertainty exists regarding how high it might go. Risk Management: Traders need to be...
This analysis is grounded solely in the data, timeframes, percentages, and ratios observed during the previous bull run. While acknowledging that an 11 trillion valuation may not seem realistic, the possibility becomes more conceivable with the entry of BlackRock and numerous other significant companies into the market. This could potentially reshape the...
#TOTAL Crypto has already doubled from it's bear bottom, to it's most recent high. We are almost in 2024, well into crypto summer now time is really running out to prepare your portfolio for the inevitable Bull market euphoria phase. I bring this chart up just to remind everyone, that this cycle has potential to be one of the worst in terms of multiple...
Since the beginning of 2023 BITCOIN has been on a relentless upward trajectory. As the highest market cap cryptocurrency it often sets the tone for the entire market. When Bitcoin goes up it tends to drag the rest of the market up with it and the same when Bitcoin falls is the general rule of thumb. This post is to showcase the difference between Bitcoins...
Similar curved bear market recoveries allowing for a massive move up in the first situation Will this second move up be like the first? Im very bullish
Hello, dear friends! 👋🏻 Take a look at what I've prepared for you today! 💥 Coin Market Cup (Total3 - excluding Bitcoin and Ethereum) 💥 The chart displays the total market capitalization of altcoins. What can we see here? At first glance, the cyclic nature of price behavior is striking! 🧐By overlaying several Fibonacci tools, we clearly see the potential!🚀 It...
Hello Guys ❤️ Hope all of you are good. As u see on my chart , Total is inside this stubborn channel for a long time , failed to break it out about 4 times in the last year. Also we informed a pattern called Double top till now. ***Breaking out of this channel will be good for the market and we won't stop before achieving the target 1.60T but first we need to...
This is my quick but accurate ;) crypto market cap prediction for the long term. My target for the current bull run is a 6-8 trillion $ market cap by the end of 2024. When we reach this region/area, I will be taking significant profits and looking towards the next phase in 2026/27.
Bitcoin - Not A Prediction An interesting comparison to the price action that took place in Nov 2020 (post May 2020 halving) On one serious note, it reinforces just how important the 21 Day Moving Average is. If lost, we can expect at minimum ST pull back. #bitcoin CRYPTOCAP:BTC
So I started charting this pattern in 2022 it was a falling wedge but on even larger time frames I realized it was not just a falling wedge but a bullish pennant as well. We broke up from this pattern all the way back at the beginning of 2023 and as you can see here on the monthly chart, price action did what it usually does once it breaks up from a large...
- Sometimes drawing a simple trends can show you many things. - Observe. - Compare. - Learn. - Deduct. Happy Tr4Ding !
just recently posted about the logarithmic wedge which is also a bullish pennant and how it will take us much higher, but also wanted to post a chart with an update of the other wedge we also broke up from back at the beginning of 2023 (shown here in pink). It has now been a little over a year since the breakout of this monthly time frame pattern and like...
People are talking a lot about altcoins in the cryptocurrency market. They think there might be a big season coming up where altcoins, which are alternative cryptocurrencies to Bitcoin, could be worth a total of $5 trillion by 2025. This idea comes from looking at past data and patterns in the market. Historical Let's look at some past data: It took about...
Today, The Weekly candle closes and as we can see right now, there is a lot of indecision about which direction the Crypto Market is going to go. On the MACD and StochRSI, it is overbought on a Weekly chart and this does point towards that long awaited drop. We are in a Classic area of resistance from the 2021 Bull run and once we break through this, we are...