After falling below our trend line and forming a lower low it seems like me may be in for a similar cycle as the .com era. Considering all the S coins in crypto devouring the space it would be no surprise to expect a long term correction
It seems this market could be facing a mega correction similar to that of the .com bubble days... Makes sense considering the S coins in crypto at the moment devouring the space... After breaking below our triangle and forming a lower low we could be in for a ride.
Potential path of in bitcoin over the next couple of months.. MACD and RSI seem like they want to cool down a bit - Only a prediction
Simple prediction of TOTALs path over the next little bit. Strength in alts and overall trend is still up after the "dump"
Potential path of BTC over time. We have been doing well with the 200ma on a daily. After falling below it briefly other averages like the 365 and 730 are catching up as levels of support. Patience is required and small dips here and there should be expected. Holding the all time high support line from months ago would serve bullish in Bitcoins case. Falling below...
Simple look at TOTAL market cap and a potential route for it over the next few weeks. A nice backtest to begin a push to the highs to form a bit of a W pattern seems like something that could play out.
This is the drop in market cap in a 2 hour period. Equal to or more than the GDP of many developing countries....
Just a chart nothing to base anything upon. Supports and a few resistance
These are just relative supports. Nothing to bank on