EDUCATION: TOP 1 ILLUSION OF FREEDOM
On the left side we have two charts of crypto market capitalization. The upper one shows the crypto capitalization without Bitcoin, while a lower one shows the capitalization of the whole crypto market. At the right side we have a BTC chart. Hope you mentioned that on the every chart was formed a triangle, let's consider every one:
SUM UP:
Market cap. (without BTC) should grow up in the near future, because Big traders and MM will move their money from BTC into Altcoins and only after this, into fiat currencies. BTC will fall because of these movements, but altcoins will grow for a bit. Then the whole market will be red.
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- 1. CRYPTO MARKET CAPITALIZATION WITHOUT BITCOIN (Altcoins):
After a jump from a support, the capitalization (cap) took hold above, oscillators are bullish, volumes were increased. All these facts tell that the crypto market volatility will increase (we can expect a new alt-season in the near future). - 2. CRYPTO MARKET CAPITALIZATION:
Similar triangle, but the market cap. level is located exactly below the resistance. We can interpret this situation differently: if the cap. will stay at the same level for some time - chances of breaking one will increase. However, in case we see a bunch of unsuccessful tries of breaking the resistance - then we can suggest that the market cap. will fall lower to the support of the triangle. - 3. BITCOIN CHART:
The red line is the line that was drawn by all cryptoanalysts and traders. When BTC has broken this line, everyone started buying and this pumped the price further. However, let's take a look at the situation once again: volumes are decreasing, but the price continues going upward. Why? Because there is almost no resistance. Who build resistances? Market maker. Based on this logic, we can suggest that at the moment MM wants Bitcoin to grow until some level, but where is this level located? To find the resistance, let's take a look at the chart from the left side and move the resistance from the cap. chart to BTC one. Result - an almost perfect resistance. And the main thing about this resistance - it is not a reversal point, it is just an upper edge that we haven't brake yet.
SUM UP:
Market cap. (without BTC) should grow up in the near future, because Big traders and MM will move their money from BTC into Altcoins and only after this, into fiat currencies. BTC will fall because of these movements, but altcoins will grow for a bit. Then the whole market will be red.
If you like this idea, do not forget to put Like and subscribe to the profile, so as not to miss the update.
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Email:
ekstraruto@gmail.com
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