You can see that BTC has beautifully broke up. However if we look at the total crypto market there was no breakout. This could indicate that there is further downside or that the real test will be after BTC's breakout of the descending broadening wedge if we look at current price action of BTC If BTC breaks 39k it will go and test the highs of 43-46k....
Welcome to this extensive analysis on BTC Dominance. If you are reading my updates for the first time , make sure you follow em if you want the most complex charts Explained in the most simplified manner. I also post margin and futures trade setups. Now, let’s get to the chart. The index is currently retesting the BLUE MA which is bullish in the short term for...
Hello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Total Crypto Market Cap. The chart is self-explanatory. The total crypto market cap is making an attempt to get back into the Ascending Channel. If it does not get back into the channel, it has the potential to fall down significantly. RSI is approaching the S/R...
Hello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Total Crypto Market Cap. The chart is self-explanatory. The total crypto market cap failed the Ascending Channel support re-test and has been falling. If it does not get back into the channel, it has the potential to fall down significantly. RSI is in a descending...
From my point of view the further crypto market development is heavily dependent on macro factor s such as: - Federal Reserve's decision to hike interest rates in the upcoming months to curtail the rising inflation in the country - Stability of the US stock-market which is heavily correlated to the crypto market - Leverage portions within the market: According...
Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Total Crypto Market Cap. The chart is showing a possible Head and Shoulders Pattern forming with the right shoulder currently forming. This may be invalidated if the crypto prices start to rise and increases the Total Crypto Market Cap. If the H&S pattern does...
Two channels drawn, comparison can be made between the two Key areas in green and red Looking for bull continuation
This is the current sentiment in this current time/space. Momentum will be the key. This will be provided by the gift that keeps on giving ...Inflation...
Fundamental Analysis: As we know recently India has issued a Ban on the All Private Crypto currencies, mean while few other related nations such as Nepal and Bangladesh are also working on some Ban Draft and that seems could show some Negative impact on the Total Market cap, but these Bans are very Ordinary and Insignificant since system has tried its best to Ban...
Total Crypto Market Cap chart is absolutely beautiful Earlier in 2021 we set new highs which led to a correction and consolidation period. In August we retested the highs which led to a rejection. In October we retested and broke the highs, setting new highs. We are currently retesting the Early 2021 highs as a resistance/support flip. If this support holds...
Hello I tried to make it simple for you Up and down but the direction will be in upside ⬆️ Goodluck
The total marketcap of crypto is reached the major resistance of $2.5 trillion. This is the point from where the market crashed last time. If the total marketcap breaks and hold above $2.5 trillion then we will see a good rally in crypto market. Also BTC is near the all-time high and we will see good momentum after BTC cross $65,000.
Hello, In this chart I identify the probably pullback scenario for September around $1.6T which is in confluence with the fib level. Will we see that "September Ghost Month that did not happened in August?" RSI is also in the oversold area. What are your thoughts? Thanks.
In this chart, I was expecting a probable retracement this September around the rectangle level. Yesterday, we saw how fast what happened and $3.5B was liquidated. Happy trading!
Its gonna be totally crazy. Just HODL! .......................................................................................................................................................
The crypto market correction maybe over - based on my analysis I believe we have now completed an ABC correction in crypto and are likely to see a continuation of the bull market to new all time highs. In many ways this crypto market cycle has pretty much mirrored the 2013 crypto bull market and we saw very similar trends and price action then, with a major...
This triangle breakout will take us to 2T again.
We are at the moment at the 1st wave of the new Supercycle that began in 2021. In this chart I zoom in and break down this first wave of the new bullish super cycle, into the five Elliot waves, that the crypto industry has been following. The recent correction was part of the abc correction in accordance to Elliot Waves analysis. In my opinion, we are at the...