Looks like the line is already moving above pennant. testing 241 B currently as if the pattern do play out could projected into +- 280B area for a next potential resistance.
i keep watch for trend line from 17 May 2019 until recent as a point of caution.
Just my opinion, high probability for retracement will occur if the trend line is broken.
please take this...
(Credits: Thanks to H Channel for the insights contributing this idea!)
This is Wasabi. Welcome back to WasabiChart!
Today, I'd like to share with you an in-depth review of what has happened with changes in the Bitcoin dominance.
When I was expecting the bitcoin dominance to go lower in the shape of N in the overall uptrend of the cryptos,...
Warning, the entire (TOTAL) cryptocurrency market is now on bullish alert.
Recently we shared a chart for the total cryptocurrency market cap. excluding Bitcoin (TOTAL2), mentioning its massive bullishness and a huge increase in trading volume and volume breakout, you can see all the details by clicking on the image below:...
Hello everyone and welcome to this simple yet important
Technical Analysis of total crypto market cap based on volume and price action.
What we have visualized here is strong resistance (red line) pushing us down since BITCOIN COINBASE:BTCUSD was approx. 20K USD and CRYPTOCAP:TOTAL total market cap at 7xx billions.
The reason why I´m watching this analysis is...
A lot of traders have noticed H&S pattern on BTC/USD and starting to open shorts.
I have something to say about this. First of all, always keep in mind that number one person is MM. His goal is to force us to open a position in the opposite direction of his own one, so that he could successfully kill our stops.
Manipulations on the crypto market are organic.
Hello my dear subscribers!
Let's continue the series of ideas "COLLAPSE IS COMING".
Today I want you to help me analyze the crypto market, identify leaders and outsiders, and create a crypto portfolio for the coming months. Agree, betting on the leaders against outsiders, we will get a good opportunity to earn even in the bear market.
Let's analyze the top...
The MACD is turning over which could be a sign it's time for a change of direction.
A drop of between of 25% to 40% would take it back to previous support and would be similar to the correction experienced at the end of the 2015 bear market.
This market cap chart has helped me immensely these past few years, so I hope you enjoy this 2019 forecast on the weekly time frame.
Just a few things i want to point out on the chart, that are making me extremely bullish about the prospects of another $250 billion entering this market:
1. The bottom is in - this is signaled by the 200 week MA in...
Will this be a retest and down to new lows or will we get a breakout? Truth is nobody knows. If we get a hard rejection here and it gets bought up over the next few weeks thus putting in a higher low on the weekly, it would be safe to say a new bull market has begun. But until we get that, you have to assume bear market is intact (even if it doesn't feel like...
Total market cap for crypto now we are going down to 182 billion soon befor pumping to 336 billion so the alts coin will dump again so be careful and convert all your crypto to usdc or pax I will update soon after biancne completed the maintenance