Total crypto market (CRYPTOCAP:TOTAL) 1W timeframe
Some widther perspective.
Pros:
- Historical Fear,
- Support at 1.35T Market Cap – 3th retest,
- Global corporations/ governance are in matter more, than we propably think,
- Visible range VPVR volume held, on last support1.35T ~ 1.45T Market cap,
- RSI held at around 48 points which point was important in all way up,
- Stochastic RSI – bottom of the cycle,
- Some news from world (inflation, adoption).
Cons:
- 21 Moving average broken,
- BTC long positions (leverage),
- VPVR held at ~1.35T, next drive down will be close to 1T (market cap decrase 60% from top) ,
- BTC 42k$ broken, struggle for 32k$,
- Some news from world (banning, regulations).
Neutral:
- Choppiness index – we are prepared to next shaking in few weeks,
- Lost after last price drop,
To go up:
- Climb above famous 21 Moving average,
- I want to see some bullish strong formation from inside at lower time frame (W bottoms maybe),
- BTC held at 32k,
- longterm,
- Elon Musk twitter ban :P
To go down:
- break 1.35T support level, next station 50 Moving average
We can see potentially (risk to reward next move) market value on price range from 1.35T. Now We was – 45% from top – next move down will get to 62% from top – if it happen, imho what would be the last move down – if not – You will still have this same amount of coins.
Shortly
Pros:
- Historical Fear,
- Support at 1.35T Market Cap – 3th retest,
- Global corporations/ governance are in matter more, than we propably think,
- Visible range VPVR volume held, on last support1.35T ~ 1.45T Market cap,
- RSI held at around 48 points which point was important in all way up,
- Stochastic RSI – bottom of the cycle,
- Some news from world (inflation, adoption).
Cons:
- 21 Moving average broken,
- BTC long positions (leverage),
- VPVR held at ~1.35T, next drive down will be close to 1T (market cap decrase 60% from top) ,
- BTC 42k$ broken, struggle for 32k$,
- Some news from world (banning, regulations).
Neutral:
- Choppiness index – we are prepared to next shaking in few weeks,
- Lost after last price drop,
To go up:
- Climb above famous 21 Moving average,
- I want to see some bullish strong formation from inside at lower time frame (W bottoms maybe),
- BTC held at 32k,
- longterm,
- Elon Musk twitter ban :P
To go down:
- break 1.35T support level, next station 50 Moving average
We can see potentially (risk to reward next move) market value on price range from 1.35T. Now We was – 45% from top – next move down will get to 62% from top – if it happen, imho what would be the last move down – if not – You will still have this same amount of coins.
Shortly
