Crypto Total3 Marketcap Expanding to Upside! Q1 2024 Thoughts
This is an active Total3 MCap chart, showing marketcap of everything besides BTC & ETH.
We have been trending higher for weeks breaking a massive range and quickly moving. We are seeing the first steps of the next Crypto Bull Run & likely the most lucrative of them all. It is prior to the global enabling of these protocols into our daily lives.
This is the bull run which front runs the actual implementation of these assets. The one where you see Blackrock file and approve their ETF with billions of inflow (now happening). The one where you see payment providers like SWIFT, BIS, IMF start to actually go live from their pilot testing that's been going on for years and slowly integrating working product from this sector. Merging private entities with public, and introducing groundbreaking changes, such as CBDCs and Tokenized Securities.
This chart is displaying all those private sector coins as one. We have recently just broken 50% of a massive weekly retrace and fair value gap for about 160 billion USD in value. There is room here for the market to trade, and if we close this Feb 25th weekly green above that 50% mark of the gap, the odds of market rallying and filling that FVG completely are far greater than not.
If we fail to close the 50% of this FVG id expect a market wide pullback coming soon. A great opportunity to buy more.
I believe that after this lower FVG we will start to trade up into our first level of major market resistance. This will be a chance for a massive market structure shift, as this will be the first level we really truly battled and lost for the longest bear market crypto has faced. A brutal one at that. This is a major level at that upper box ($663 billion mcap mark)
I stand to see us reaching this point into the April 2024 halving. About 2 months from now. Before seeing a wide pullback and re-entry. My plan is to sell some coins into this area and then buy any large pullbacks on alts. I will consider a large pull back either a nuclear day of 20-30% which we typically see in the bull market, or a larger bleed of consecutive -5% days until we reach a 20-30% pull back total if the market looks to catch a bit or hit a level where bids will be placed. This is when you strike, and ride the rest of that to the next major level, doing the same thing over again. Derisking, and re applying capital.
My goal is to follow this plan at every single major level of resistance on the way to all time highs, then, I will likely just endure the price discovery and take profits at targets I am comfortable with taking home into late 2024 or early 2025. I will not be taking this bull run lightly, I suggest you don't either.
I will be making another post soon, on my sectors that I believe are outperforming and will continue to outperform the entire crypto market.
We have been trending higher for weeks breaking a massive range and quickly moving. We are seeing the first steps of the next Crypto Bull Run & likely the most lucrative of them all. It is prior to the global enabling of these protocols into our daily lives.
This is the bull run which front runs the actual implementation of these assets. The one where you see Blackrock file and approve their ETF with billions of inflow (now happening). The one where you see payment providers like SWIFT, BIS, IMF start to actually go live from their pilot testing that's been going on for years and slowly integrating working product from this sector. Merging private entities with public, and introducing groundbreaking changes, such as CBDCs and Tokenized Securities.
This chart is displaying all those private sector coins as one. We have recently just broken 50% of a massive weekly retrace and fair value gap for about 160 billion USD in value. There is room here for the market to trade, and if we close this Feb 25th weekly green above that 50% mark of the gap, the odds of market rallying and filling that FVG completely are far greater than not.
If we fail to close the 50% of this FVG id expect a market wide pullback coming soon. A great opportunity to buy more.
I believe that after this lower FVG we will start to trade up into our first level of major market resistance. This will be a chance for a massive market structure shift, as this will be the first level we really truly battled and lost for the longest bear market crypto has faced. A brutal one at that. This is a major level at that upper box ($663 billion mcap mark)
I stand to see us reaching this point into the April 2024 halving. About 2 months from now. Before seeing a wide pullback and re-entry. My plan is to sell some coins into this area and then buy any large pullbacks on alts. I will consider a large pull back either a nuclear day of 20-30% which we typically see in the bull market, or a larger bleed of consecutive -5% days until we reach a 20-30% pull back total if the market looks to catch a bit or hit a level where bids will be placed. This is when you strike, and ride the rest of that to the next major level, doing the same thing over again. Derisking, and re applying capital.
My goal is to follow this plan at every single major level of resistance on the way to all time highs, then, I will likely just endure the price discovery and take profits at targets I am comfortable with taking home into late 2024 or early 2025. I will not be taking this bull run lightly, I suggest you don't either.
I will be making another post soon, on my sectors that I believe are outperforming and will continue to outperform the entire crypto market.
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