The 2024 cycle may be over. Market can't break resistance from last cycle. Current indecision candle suggests total market cap doesn't flip resistance into support by end of June, this crypto cycle is likely over.
It' not gonna be the same but it will be the same. A pretty self explanatory chart that goes well with Dominic Toretto's punch line in Tokyo Drift: "I got nothin' but TIME" Go have some fun and enjoy everything else in your life, because this is gonna take some time.
Last week in the news As it was expected, the Fed held interest rates without change at their FOMC meeting held on 1st May. Market nervousness prior to the meeting brought back some higher volatility. The USD modestly weakened, while gold ended the week testing $2.3K level. The US Treasury yields dropped after the FOMC meeting trading session and especially...
Last week in the news Previous week did not bring some currently significant economic news, however, the market volatility continued. Positive sentiment continues to hold for the US equity market, with S&P 500 heading toward the levels from April this year. The USD continues to modestly weaken, however, the price of gold picked up during the week, closing at...
Hello everyone In my suggestion, this is the most critical chart idea I have ever posted and I recommend you to save it for the future. I do not care about numbers in this chart and I just tried to show you what might happen as simple as I can (not to get understandable mark) and I recommend you to exit the market after second rise. Remember: Do not care about how...
This week we need to close above last weekly candle for bullish momentum, if not this week than next week must close above this weekly candle wick. We will updated soon
Yesterday's sharp selloff saw TOTAL market capitalization drop from $2.3T to $2.13T. Today's FOMC meeting could exacerbate downside pressure. Support Levels: Immediate support: Bottom of the current range at around $2.054T. Further support: $1.80T - $1.95T (daily 200 MA) if $2.054T is breached. Market Outlook: May historically experiences trading challenges,...
Hey traders! The US dollar is advancing, make cryptocurrencies weak as stocks market turns south ahead of key economic data from the US. As you know, the Fed will release its latest decision on interest rate policy today, and there is increasing speculation that they will maintain their current stance for a longer period. This anticipation is driving the US...
How Memes and Hype Signal a Risky Market The meteoric rise of Bitcoin and other cryptocurrencies has captured the imagination of investors and the public alike. But amidst the excitement, a crucial question lingers: how do we identify when the market might be overheating? Traditionally, analysts have relied on technical indicators and economic data. However, the...
The total cryptocurrency market is at a critical juncture, with the support level of $2.17 trillion under threat. Should this support break, we anticipate a potential decline to around $1.8 trillion. Given the current geopolitical situation, the associated risks are heightened, making any long positions particularly precarious. It is advisable for investors to...
Imo, tough times are about to pass, and we will soon reap the rewards of our efforts. So don't be left behind. WAGMI my friends. Disclaimer: DYOR, NFA.
TOTAL1 , #cryptocurrencies total market cap (including #btc #eth #sol #bnb #xrp and all other #altcoins ) is now testing a major resistance zone. Hard declination with volume causes new dumps. Breaking out this zone with weekly closing will be bullish for #bitcoin and all #altcoin s. Not financial advice.
TOTAL1 #cryptocurrencies total market cap chart. (Inc. #btc #bitcoin #eth #sol #bnb #xrp #doge and all #altcoins) Some dead cat bounces are necessary, but overall weakness is playing out with continuation. Former support zone is now turned into a strong resistance zone (Orange box).Declination will be sour. Not financial advice.
Last week in the news Latest PCE data in the US are showing persistent inflation, decreasing inventor’s expectations of a potential three rate cuts during this year. US Treasury yields reacted to change in sentiment, where the 10Y benchmark reached its weekly highest level at 4.73%. Decrease of geopolitical risks in the Middle East impact short reversal in the...
Two modes of market movement are possible The first situation is marked with a black arrow and indicates the possibility of correction up to two trillion dollars, and in case of failure of this area, it can correct up to the range of 1.2 trillion dollars. The most likely option for me would be to move according to the black arrow and return from the specified...
The Main Chart is the TOTAL Crypto Market Cap and it shows us how the Market is sitting on the Daily POC ( Red Dotted line ) off the VRVP and is gettign sandwiched between the 50 SMA ( RED) Above and the 100 ( BLUE ) Below. - All in all, After the weeks of Ranging, The PA is in Good shape but that VRVP doe sshow resistance over head and possible Lack of support...
Previous analysis on TOTAL was indeed on point (check April 22 post) and TOTAL faced heavy rejection from the indicated level and the majority of the coins have been dumping the past couple of days. We believe TOTAL can drop further and hit 2.235T zone. if that level can't hold, the subsequent dump will probably be heavier!
the 2021 bull market took us to the 4:1 fib extension of the 2018 bear market. if a similar thing plays out this cycle, we should end up around $10T by the end of 2025.