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The TOTAL CRYPTO-CAP Is Building A Massive Broadening-Wedge!Hello, Welcome to this analysis about the Total Cryptocurrency-Market-Cap excluding Bitcoin and Ethereum on the 2-day timeframe perspective. As the Cryptocurrency Market showed up with the heavy bearish declines it is now testing crucial levels and potential reversal potentials that can be eyed. In this case, it is necessary that the market shows up with the right price-action-determinations that the market can shift in an appropriate direction. Besides the fundamental and indicational factors, the technical aspects are also pivotal to consider. In this case, now I discovered an interesting formation developing within the total Cryptocurrency-Market-Cap that has the potential to finalize when the market shows up with the genuine developments that can shape its destinies rightly. Formational Structures: As when looking at my chart we can watch there how the total Cryptocurrency-Market-Cap is now approaching a crucial support-zone within the lower boundary of this massive broadening-wedge-formation the market is forming here. In this case the total Cryptocurrency Market-Cap is also testing the 600-EMA marked in orange which is major support for the symbol in this case. When considering the broader perspective the total Cryptocurrency Market-Cap is developing this paramount broadening-wedge-formation, which when rightly completed can point to bright futures for the market to set up. Furthermore, the total Cryptocurrency Market-Cap is building the local descending-wedge which when completed can lead to an initial reversal. Upcoming Determinations: Taking all these factors into the consideration here, the most determining factor is how the total Cryptocurrency Market-Cap manages to complete the local descending-wedge-formation because if this wedge should be completed with a substantial breakout and continued volatility this will be one step into the right direction. If the fortunate case settles and the total Cryptocurrency Market-Cap continues with great and solid volatility once the breakout happened the second confirmation is developed once the market breaks out above the upper boundary of the broadening-wedge-formation as it is seen in my chart, if the market shows up with the sophisticated breakout then this is likely to point to further expansion destinies. In this manner, thank you for watching the analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
CRYPTOCAP:TOTAL3
by VincePrince
7
Bitcoin is not experiencing a BEAR, it will only....When a trader has purchased an asset in the form of a coin, it is rare for them to open their knowledge that the state of the chart is returning to its support (not BEAR MARKET). Bear Market for #Bitcoin is if it crosses the 12K limit. When Bitcoin experiences a slight decline, my twitter notifications will very often sound like garbage news from influencers saying the situation is BULLISH (but not explained in detail that the actual situation is bullish DIVERGENCE or bull FLAG) This is just looking for support to keep the market strong & protect their only assets. Why not just say the worst? remember we in every business we have to think about the worst thing first, and when the worst thing happens then we have to add to our coin assets. NOTE: Every time you experience an increase, the price must return to the support first
COINBASE:BTCUSD
by Emulator_Trade
JASMY - THE BTC OF JAPAN - ON WAY TO NEW POINTSTHis project with the old worker of SONY as CEO - looks to get into new points. And as we did add in before updates - This coin can become a trend in Japan - as some call it also the Coming BTC of japan. The project work on different parts, one of the important parts are the IoT blockchain. Targets The first expecting target - 0,015 , 0,02 0,10 with the high long term 1 USD goal. This can be used as a DCA project - and all the above txt are not fiance advice, make sure you study by yourself always the trend.
Long
by Goldenbreakout
BTC FIB Channel - Will History Repeat & BTC Rally?Hello Traders, here is my analysis for BTCUSD. Before I start I want to mention that the stock market had a terrible day today. For Walmart it was the worst day since I believe the 1980's, for the Nasdaq the worst in a couple years. BTC is currently closely correlated to the Nasdaq. So even if BTC looks strong from a technical standpoint but the Nasdaq has a bad day, BTC will follow and dump. This is making it very difficult to judge what BTC will do... I am doing my best to try and focus more on using the Nasdaq as my gauge for BTC instead of just BTC by itself. - I just wanted to fill you guys in, so keep an eye on the Nasdaq and tech stocks. - Also be cautious right now and trade with small positions until BTC stabilizes. First, not much has changed from my analysis yesterday. BTC still continues to trade within the current range. - One important thing to note is that BTC retested support at $28.6K and as of this writing has gotten a small bounce from that level. - If this level can hold that will be a very positive signal for BTC. On to the analysis... I'm going to keep this short for tonight. As you know BTC is currently trading within a parallel channel, I spoke about this in my post yesterday. - One of my favorite tools is the FIB Channel tool. - As you can see it really brings the chart to life and shows us the FIB levels within the channel. - This tool is great because we can use it to find confluence between different FIB levels in the chart and we can see how price has interacted with those levels in the past. - If you notice, each time price either entered or hit the bottom of the channel price rallied at minimum to the .786, on one occasion breaking through. Essentially: - 75% of the time that price hit the bottom price hit the .786 FIB - 25% of the time price broke through. ***Of course nothing is guaranteed in trading, but if you are in a long position you can use this to help determine a max upside target if BTC was to bounce off the bottom of the channel. - The .786 level actually nearly intersects with the "ascending trend line" which yesterday I stated was my max upside target for BTC during a pump. - One thing to note was that from the bottom of the channel to the .786 at minimum took 2 weeks to hit, sometimes taking as long as a month. - So if this was to play out it could take a few more weeks. That's it, I will keep everyone update as always and best of luck trading.
BYBIT:BTCUSD.P
by natef1
2
ZKTUSDT hidden gem on Layer 2. Major updates are here!Fundamental Analysis #ZKTUSDT zkTube has Rebranded to ZKTMETA : Key Takeaways By merging its metaverse operation systems with its industry-leading Layer-2 network, ZKTMETA is turning the dream of a rich metaverse into the average consumer’s reality The project is all set to facilitate metaverse games with the sophistication of epic proportions thanks to the raw power, affordability, and security of its Layer-2 network At the same time, it’s empowering creators by laying the groundwork for them with the metaverse operation system. This will undoubtedly accelerate the pace of innovation as more and more creators bring their diverse imaginations to the table The potential of ZKTMETA is already being realized in the form of its first metaverse game known as MetaTube. 1.Building a Metaverse Operation System on Layer 2 2.Why Layer-2 is the Right Choice ? 3.The Future of Metaverse is Here 4.The First Metaverse Game on ZKTMETA Checkout their official twitter updates @zkTubeOfficial Technical Analysis 1.Breakout from 13-21-55 EMA and retesting the level and show's perfect time to enter. 2.Breakout from descending triangle and retesting shows momentum . 3. Etherscan shows major coin holder's are accumulating in dip. #ZKTMETA #ZKTUSDT #metaverse #blockchain
ZLong
by muhammedrashadkm
BTC/USDTMore than $30 billion flowed into the cryptocurrency market late last week, triggering a significant rebound across most digital assets. Bitcoin bounced off the $26,660 level to reclaim $30,000 as support. The sudden upswing came as a surprise to many as investors remain fearful over the stability of the stablecoin market following Terra’s UST collapse. Still, the flagship cryptocurrency appears to be positioned for further gains. To confirm the optimistic outlook, BTC must slice through the $31,225 resistance level. Breaching such a critical resistance area could encourage sidelined investors to reenter the market, pushing Bitcoin to the next interest zone at nearly $35,000 THIS IS NOT FINANCIAL ADVICE / IT'S JUST MY PERSONAL OPINION
by tradingwizardtw
Bitcoin Trading at important Support Level in LTF#Bitcoin Lower Time Frame Update:- $Bitcoin Currently trading at $38000 level. Now $37000 is strong support. If not sustained this support then we can see Big Down trend. And HTF $32900 level is HL level. So If $32900 break then We can see $23000 also. Big Pump or Dump Coming soon so Safe your Positions. Bullish Divergence in LTF. Bullish Breakout Point = $39400 Bearish Breakdown Point = $37000 Put Stop loss if you already Opened Long Positions.
by CryptoPatel
2