Crypto Total Market Cap, $Updated This is HUGE!! TOTAL BREAKOUT
OOOOOOOOi Mikey. Get your ass into gear. It's been rough but hear me out. Perfect retest on the daily. Breakout wedge and solid retest on the trendline. Respecting the 50% Fib pull back. Healthy rejection candles. Three-day tight consolidation candles with volatility breakout forming cup & handle and further reclaiming the upper 50% of price action. Currently we are seeing a healthy rejection at 3.56T. And I haven't even started on the indicators. MACD lining up to be a beaut. Cumulative volume delta going strong. RSI just about breach 80 & MA directing to the heavens. Bollinger Band Width (volatility) just about to cross the 50 mark. Volume returning. I could keep going. How much more confirmation do we need.
GAME PLAN: Wait for the cup & handle to play out. Either seeing an acceptance or rejection of pattern. I'm somewhat expecting a bounce on the 50% (3.34.T) and sweeping atleast half of the previous liquidation wick (3.31T). Keep an eye on volume, looking to push past 270B.
GAME PLAN: Wait for the cup & handle to play out. Either seeing an acceptance or rejection of pattern. I'm somewhat expecting a bounce on the 50% (3.34.T) and sweeping atleast half of the previous liquidation wick (3.31T). Keep an eye on volume, looking to push past 270B.
Trade active
IF SHIT HITS THE FAN, WE HEADING TO 2.96T. Trade closed: target reached
WANT TO SEE A CLOSE ABOVE 3.57TNote
DAILY REJECTION AT 3.57T. CLEARLY THERE IS TOO MUCH UNCERTAINTY REGARDING WEEKEND TARIFF BULLSHIT. RETAIL ARE RUNNING FOR THE HILLS AND PANIC SELLING. THE LACK OF VOLUME OVER THE WEEKEND AND HIGH LEVELS OF UNCERTAINTY PRIMED THE MARKETS FOR MANIPULATION. THE WHALES WILL BE BUYING THE PANIC SELLING. CONSIDER JUMPING IN AT MAJOR SUPPORT LEVELS. AT THE MOMENT, THERE IS STILL TOO MUCH DOWNSIDE RISK. WAITING TO SEE A POTENTIAL BOUNCE AT 3.02T. COULD SEE A LOT OF SUPPORT AT THE 200MA. REMEMBER TO LOOK AT THE BIGGER PICTURE. EVEN WITH A DROP TO THE 200MA (ROUGHLY 2.9T ISH) THE MARKET WILL STILL BE SETTING A HEALTHY HIGHER LOW. THIS IS A HEALTHY PULLBACK TO THE 50 FIB (2.96T)Note
WHALE BUYS AND INSTITUTIONAL WEALTH WITH PREDOMINANTLY FLOW TO BITCOIN
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.