It couldn't be any more simple than that. The altcoin market is having the last short-term correction before an surge past the All Time Highs (ATH). The Pressure Zone 2, which is the Resistance Zone coming off the Bear Cycle's first Lower High, is the last volatility variance and effectively last opportunity to enter before alts start the most aggressive part of...
Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update. Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you. TradingView: @frmnCapital
Five months for Jan - May 2022 range on the Daily. Will current range (at the same level) go for 5 months before alt season starts?...If so, that puts alt season starting late July.
TOTAL2 update; ends sooner than you think
now some months have passed we can see reasonably clearly where we are at since the last analysis right at the start of the macro move up.
obviously black swan etc can ruin this or it just does it differently this time. prob not though tbh and if there is a black swan id bet its around those dates. the events tend to fit...
Amazingly everyone is still bearish. The ideas on Tradingview talk for a 30-40% correction as does much of social media. Popular cypto Youtube channels share a similar narrative. Terrific stuff.
As a contrarian my opinion is very different from the crowd. Whether that be stocks or crypto. Am certainly walking in the opposite direction from everyone else.
The...
Did you find this crypto market analysis helpful? Stay updated about the latest crypto market update. Please continue to follow my analysis and feel free to ask any queries, you may have. I am here to assist you. TradingView: @frmnCapital
There's still a chance for altcoins until mid-2024.
Market makers likely leveraged the Grayscale GBTC sale (to cover debts) to spook new entrants. Meanwhile, some whales are still actively buying large amounts between 41k and 43k.
Now is not the time to sell anything; it's a buying opportunity. Expect a selling wave when BTC reaches 53k again.
Please note that...
Total to seems to start forming down trend after fail to break big resistance.
High potentials to continue falling down until drops to first major support area (green line)
#TOTAL2
Altcoin market capitalization is approaching a strong s/r zone👀
This zone is seen as a healthy retest point and expects a bounce from this level📈
It is recommended to wait for the weekly close, as there may be an additional 5-10% decline in altcoin prices☝️
2 entries scenarios on daily time frame after ALTs correction based on previous analysis
1 based on FVG and .38 fibb
2 according strong supports area and fibb .61
