TOTAL 1 Will Crypto Christmas come early?
I was thinking to wait till tomorrow till I post this analysis so more people could see it but oh well, let us do it today cause you never know what happens.
I think this is one of the most important charts when following crypto markets. (cause it shows crypto markets money inflows and outflows).
Bitcoin has broken out already from this years highs week ago (I'll add picture down), BUT Total 1 marketcap hasn't made higher highs yet.
If and when this breaks I believe we will see surge on BTC and possibly on alts that will wake up the bull narrative again. (News etc)
Target is 1.49 Trillion so that would be 250 Billion inflows to crypto markets, that's 20% rise!
Better to be prepared than get caught with pants down
Two active trades going on DYDX and GOLD
-PalenTrade
I think this is one of the most important charts when following crypto markets. (cause it shows crypto markets money inflows and outflows).
Bitcoin has broken out already from this years highs week ago (I'll add picture down), BUT Total 1 marketcap hasn't made higher highs yet.
If and when this breaks I believe we will see surge on BTC and possibly on alts that will wake up the bull narrative again. (News etc)
Target is 1.49 Trillion so that would be 250 Billion inflows to crypto markets, that's 20% rise!
Better to be prepared than get caught with pants down
Two active trades going on DYDX and GOLD
-PalenTrade
Comment:
Here we can see how Bitcoin has broken down this and last years big resistance, but the crypto markets as a WHOLE (TOTA 1) hasn't done it yet
Trade active:
Crypto Total Marketcap testing the highs. Probabilities would tell that this doesn't break right away (Maybe price needs retrace to the 9EMA and trendline), but on bullish side we did test same level last week, drop to lowering trendline and turned that to support. I want to see Daily close on top and Weekly close would be even better
Comment:
Crypto Total Marketcap testing this years highs (acting strong). Let's see if we can break it this or next week, or do we need to retrace and more time
Comment:
Nice Daily candle close above the previous high. Highest close on Crypto total marketcap since 31 may 2022. As long as we stay above and don't close below 1.24T level (white arrow) I'll stay bullish. Target 1.49T
If we keep this up and continue higher (trust the trend, like wind on the sea) normies will wake up late like always. Could be after 40k or 48k BTC break, if we do get there
If we keep this up and continue higher (trust the trend, like wind on the sea) normies will wake up late like always. Could be after 40k or 48k BTC break, if we do get there
Comment:
Crypto Total Marketcap testing the 1.325T - 1.345T resistance. We need to get candle close above and stay above it, if that is accomplished target 1.5T. Between these two levels, it's mostly air
Comment:
Update on X
