CRYPTO TOTAL MCAP ELLIOTT WAVES :D(I am very bullish on the CRYPTO TOTAL MCAP)
1W candles
couple things i'm watching out for..
1.Breakout of bull flag (price = 266B)
2.Breakout in volume (spike bigger than 668B)
3. MACD cross & curl (above 33)
4. Elliott wave (3 wave)
Rules of bullish volume
(Increasing volume + Increasing price = bullish
Decreasing volume + Decreasing price = bullish)
Crypto is a hedge against a potential stock crash & a hedge against inflation
Stay profitable <3
- Dalin
Dalin
Count your waves & keep your head clear.Hey whats up tradingview been a minute since I posted a bitcoin chart so here it goes.
I see this as a ABC correction in the macro wave from 20k to 6k
I see the current correction from 12k to 6.6k as a 88% retrace despair (potential to be final low) of the entire bearish market cycle. (not calling bottoms just saying if this double bottoms it will be absolute bottom for quite some time and very likely the entire cycles bottom.
If 6k cant hold 5k is around the corner but according to my long term logarithmic analysis that is less likely to happen
There are multiple ways to look at the bitcoin chart but one of the better ways is to look at it from the perspective of human emotion where are where in a standard market cycle?
stay profitable stay wise keep risk management and keep winning folks!
TRON time for that new market cycle! First target .00010000 BTC (like 1800% from current prices)
Now that I had everyone hate in the comments on my prediction for it going down lets see if we get some hate comments about it going up!
This pattern reminds me of early Litecoin charts but this fractal is more profitable with 1800% gains coming