📊 Market Overview:
Recent Movement: The TOTAL cryptocurrency market capitalization faced rejection at $2.70 trillion and is now retracing to test lower support levels.
Current Situation: The next major support is anticipated in the range of $2.05 trillion to $2.20 trillion.
Alts Potential: There is a belief that altcoins will experience a significant bounce once...
I remember a time when I was feeling so good and great with my paper gains... This is not bad, we tend to feel down when we incur some paper loss.
Neither is real.
When Bitcoin is up and we have a good entry, the only way to win is by securing profits or waiting long-term... Even with the long-term wait, at one point we have to use our assets or cash-out in some...
Last week in the news
Previous week brought back inflation fears on financial markets. The US equities and tech companies ended the week under pressure considering investors fears that the Fed might take a bit more time until the first rate cut, due to persistent inflation. US Treasuries also reacted on the same issue, ending the week one more time higher by 22...
From 03/14/2024, with the release of strong inflation data from the US economy, the correction in the crypto market began, it seems that this correction will continue until the release of the next inflation data on 03/29/2024, so do not rush to buy. You have time until then .
Possible Scenerios for Crypto cap
Corrective Wave - We are close to all time High. Retracement to 1.95T is possible. Also DT and 3 daily LL candle swing Pattern.
Breakout - This is a bullish Trend and it's normal to have a correction before a break of ATH.
A Correction of 20-25% looks likely.
This is just a stupid idea but I do think we can get BTC to around 32K and we will never ever go lower than that, then ATH is around 200k+,
All altcoins will do 20x if you buy now and 50x if the market does dump.
TF: 1 Week
Money has been flowing into crypto and the total market cap for the market has been increasing over the last several months. Based on Volume Profiles and Fibonacci Retracements/Extensions, the market cap could hit ~$12B in the next year or year and half if the bullish market continues to play out.
A pullback to $1.70 to $1.80T in the near term is...
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...
If we take the teal bull pennant and only measure the pennant part which is also a falling wedge, the target we get from the breakout has just been hit by our current price action. I felt that was worthy of posting a chart bout. Though bitcoin has already achieved a new all time high days ago, the entire market cap for all of crypto is still just below it’s...
look, one of those big red arrows hanging over the top of the total crypto chart. Wonder what it means? BTC has two of them and so does ETH. that can't be good, can it?
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...
📊 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...
