The crypto total market cap chart recently broke out of a bull flag pattern on the 1hr timeframe, with a measured move target of $1.83 trillion. What are your thoughts on the implications of this breakout for the broader market?
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...
- TheKing is struggling but altcoins are almost bottomed.
-" the time to buy is when there's blood in the streets ".
- All in graph. Stay S4fe and don't go all in.
Happy Tr4Ding !
CRYPTOCAP:TOTAL
Descending Triangle Breakout expected
Wyckoff cycle end, accumulation incoming in next mid-term period of 6-10 months, next "BUS" station +100% in market cap.
Too many projects waiting under the carpet during this period, development cannot be stopped !!!!
Financials trying to catch up with technology and not lose control, it has always been...
Today we have a rather interesting article with a lot of food for thought
Let's talk about the total capitalization of the crypto market.
In 2021, when the BTC price peaked at $ 69K, the total capitalization of the crypto market was $3 trillion
Yesterday, the BTCUSDT price touched $ 64K, almost reaching ATH, and the total capitalization of the crypto market is...
the detail is shown in the above Idea.
I made this Idea based on Candlestick Analysis and Harmonic pattern using Fibonacci tools in log mode.
Possible Trend of TOTAL
Possible Trend of TOTAL2
Possible Trend of BTC
Possible Trend of ETH
Good Luck
Idk, it looks nice like this.
And because i should write something more not just that vague text at the top ... I'm writing this so I have enough characters, lol.
Anyway. Let's see how market will develop. I mean making prediction on monthly chart is beyond technical analysis.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Observing the current market conditions, it appears to be an opportune time for a pullback. I anticipate an exit point when CRYPTOCAP:TOTAL reaches the second target at 2.22T. The achievement of this target could potentially trigger a 33% pullback across the entire cryptocurrency market.
It's crucial to note that as we approach this target, there might be a...
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...
If it rejects the resistance level of 2, a good pump is waiting for the whole market, but it will probably have a correction from 2 to be able to break the powerful level.
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...
Last week in the news
The earnings of the US tech companies were driving the S&P 500 index to new highs, reaching a level of 5.100 during the week. The question about timing of the first Fed's rate cut is still the main occupation of the investors, which is the reason why Treasury benchmark yield of 10Y reached levels above 4.3%. The price of gold and USD...
