BULL FLAG ON MARKET CAP BREAKOUT CONFIRMEDHEY GUYS
Bull flag breakout just happened on 3rd of May 2019. We should see more up-move.
first BTC should jump then sideways and ALT parties should start within few days.
Not a trading advice just my thoughts on crypto market overall situation.
Always DYOR.
Cheers.
MM67TRADER TEAM
Cryptomarketcap
CRYPTOMARKETCAP - LOOKS VERY VERY INTERESTING - CryptoManiac101CRYPTOMARKETCAP / USD TA
This looks very interesting, doesn't it. We have a nice semi bullish pattern with possible golden cross (unconfirmed) which is currently following our parabolic curve.
Will this be the start of the next bull run?
Could be
What's our timeframe?
We have until March 27 for Parabolic Curve to either validate or invalidate.
We have until late May for pattern completion unless we break up or down before that time. Most patterns do breakout around 70% into it which would give us approximate date of April 10 (give or take another week)
Invest smart!
Total Crypto Market Cap Weekly Chart Update.Things are getting exciting here as Crypto may have now closed 2 weekly candles above the weekly falling wedge pattern and could b poised for a breakout at anytime...however where the latest weekly candle has closed has also opened the door for the ossibility of the top trendline of the wedge to be considerably higher than originally thought (shown here with the dotted green hypothetical trendline)..either way we also have a smaller 1 day chart falling wedge(shown here in red) that price has currently been consolidating in as well and that pattern has already cleared the solid green top trendline of the wedge...it should clear the hypothetical dotted green top trendline too by the beginning of March. If the solid green topt rendline is the legitimate trendline we should see a significant breakout upwards sometime within the next couple weeks...if not and the dotted trendline is the valid one we should see a significant break out upward around the first 2 weeks of March...either way you lice it though I'm confident we will be breaking out soon....and if not until march the price target will be even bigger than if we break out in the next week or 2 so it really is a win win situation no matter which top trendline is most valid. Just my opinion though of course and not financial advice. Thanks for reading!
A look at the entire cryptomarket marketcap's falling wedgewe can see here on the weekly chart of the entire crypto marketcap that the market is very much so inside a falling wedge...one that seems to reach its apex in the middle of march....but as with most falling wedges a breakout from the wedge tends to happen very soon after 3/4ths of the wedge has completed so a breakout can be anticipated sometime within the next few weeks. we can see the 200 weekly moving average in blue for the cryptomarket has been holding very strong support the past few weeks...if this 200 week simple ma holds then we could breakout of the wedge in the next 2 weeks...if that's the case then the bottom is essentially already in...if it doesn't hold and dips below the next likely target is a double bottom on the horizontal teal trendline we have already touched once. Any dip that could happen below that would likely just be a big bounce up off the bottom trendline of the falling wedge. Once we trigger a break upward from the wedge the bottom of the bear market will almost certainly be in. A breakout fakeout candle followed by capitulation is also a possibility to consider so its wise to make absolutely sure the breakout is validated before jumping to conclusion.