This chart represents a correlation of BTC price and USDC + USDT market cap divided by total crypto market cap. As we can see, as soon as we are touching any channel borders on a stablecoin chart, we are starting to reverse to another side on Bitcoin chart. Right now, we are exactly in that situation and my bet is that in 2023 we experienced a smaller...
As you can see on this chart, the FIB circles lines perfectly confluence, and it shows that the subsequent capitulation is very near. I think the total market cap price will resist at the 200ma and fib 0.618 on the 4H chart. FIB CIRCLE 1.618 has been respected perfectly for the past 2 weeks and crossing it could mean a crash in next We are very close to...
#TOTAL MARKET CAP ANALYSIS Heavily rejected after taking stops above the horizontal resistance. Currently, it is holding above the order block that has been formed after BOS(break of structure). A bounce can be expected from here and in case of breakdown of order block, it'll fill the marked imbalance area also there is a possibility of creating a three-tap...
OTHERS MCAP is forming a large channel flag formation While it is in its current bear state a lot of small alt coins will suffer This bear state is accompanied by its partner bullish wedge Plotted price action is just assumptions being made
Markets tend to hunt liquidity and so there are often gaps that need to be filled before the market moves on. In summer 2021 the market went back to fill the gap shown as "A". We printed many daily candles in there, exhausting selling pressure. We found a bottom and moved on. On the way down area A is considered "exhausted" therefore the market has no interest to...
Since 2013 Crypto went through 3 major bear cycles. Let's compare the current drop in Market cap to past bear cycles. 2015: In 2015 Crypto market-cap crashed from the All time high of 8.9B to 2.1B High: 8.9B Low: 2.1B Percentage Drop: 76.4 % 2018: In 2018 after a crazy bull run and mainstream attention, market cap dropped from 761B to 91B High: 761B Low:...
$BTC Dominance is seeing break of the downtrend trendline, but has yet to make a HH to signify the break. RSI is breaking resistance, although it had not had many touches. Typically a bearish scenario overall, but not always.
Hello Traders Crypto Total Market CAP is moving in a Bearish Flag. I believe market will stay bullish until MCAP makes a Lower High or completes E Wave. 2T and 2.24T MCAP are important zones to watch. Like, Follow, Share & Comment. Thanks For Reading. -RC
A chart for TOTAL2 , We are approaching a key area, from the blue square to the green square is a very bullish gap If it continues now, repeating how it acted in the past, we are heading for an extremely bullish few months Get your coins now
BTC, crypto and global markets give a good bounce in the last 24 hours after Biden's conference last night, as well as no more negative news from the Russia/Ukraine crisis. Must watch the crisis very closes as any news will affect BTC price. FED interest rate is another factor that can create speculation in the market. On chart we can see BTC broke the downtrend...
We are trying to push the 2 Trillion Cap again, the EMAs are moving up if they can diverge I can see a very promising 2022 and the year of the tiger is in full force. Simple indicators are better to use on the total MCAP like EMAs and just charting the support and the resistance levels. If you were to look at the weekly candles you would notice we still are in...
Analysis: BTC bounced off RSI support and is now at a resistance level, ETH and global markets like DOW also jump and showing strength. If BTC hold this level and give breakout many alts will jump 20-25% in the next 2 weeks. Reason for todays bounce back could be Amazons announcement of their Q4 earnings, making their stock rise 17% a day after META dropped, the...
I can split the bullrun into two phases, one of extreme bullishness and one of mild bullishness Market phase 1 has already been undertaken and we are heading into market phase 2, which can be observed in the past to be the most bullish part of the run This is a chart developed on a previous one below
This is the 4Hr chart analyzing the chart patterns present on the chart Price is touching a strong support, price will likely test this line (solid line) and bounce upwards off it This is for the altcoin market (TOTAl2) Wedge structures are very common on this one
btc.d testing the resistance today and may come back to 40% range.
This chart suggests we are consolidating before phasing into phase 2 which is intensely more bullish than the recent bull market we have seen This is under the assumption that price action repeats as it did in cycle 1, which evidence for this can be seen in the green circle and the current place we are in the yellow box Using my other charts I estimate the current...
Target upper 32s, invalidation 35.
As in title, booking some profits is recommended.