next market crash when total market cap reach 1.69 trillion
I just analyzed total market cap chart exc BTC and came to conclusion that market moves in cycles and it respect fibonaci retracement extension levels if we draw fib retracement extension from february crash we come to 1.11 2.618 fib level which matched april market peak EXACTLY with horrible 17 18 april crash, next time lets pay attention to 1.69 trillion level
yesterday I analyzed BTC and 73 74K level need to watch out and even more forward 93K is from weekly and past cycles extension level VERY important
BTC made double top 14 april also bearish divergence plus there was little bit more than usual exchnage inflow when it peaked at 64K levels all this combined with mining problems lead to crash.
Just saying how we can try predict next big correction
BTC plus market cap when all start to align together time to be careful thats for future
IF we see crazy pump towards these levels plus bearish divergences on daily or 4H it definetley good idea to at MINIMUM PUT tight SL to your positions in alts. if I did that 17 april and rebought when BTC was 46900 my portfolio would be double.... we speak about 2X
what can happen if you sold and market moves still up ok you kinda loose few percent potential gains but better that then seeing 40% to 70% drop in your portfolio in few hours...
funny in terms of percentage it is also very similar from february to april market increased around 50% and if it goes to 1.69 trillion then it will be very similar increase
with last crash I understand you make biggest gains if you SELL on time!!! absolutely massive gains this is so incredibly important to smell potential correction
let me know any other ideas how we can smell next big correction... :)
yesterday I analyzed BTC and 73 74K level need to watch out and even more forward 93K is from weekly and past cycles extension level VERY important
BTC made double top 14 april also bearish divergence plus there was little bit more than usual exchnage inflow when it peaked at 64K levels all this combined with mining problems lead to crash.
Just saying how we can try predict next big correction
BTC plus market cap when all start to align together time to be careful thats for future
IF we see crazy pump towards these levels plus bearish divergences on daily or 4H it definetley good idea to at MINIMUM PUT tight SL to your positions in alts. if I did that 17 april and rebought when BTC was 46900 my portfolio would be double.... we speak about 2X
what can happen if you sold and market moves still up ok you kinda loose few percent potential gains but better that then seeing 40% to 70% drop in your portfolio in few hours...
funny in terms of percentage it is also very similar from february to april market increased around 50% and if it goes to 1.69 trillion then it will be very similar increase
with last crash I understand you make biggest gains if you SELL on time!!! absolutely massive gains this is so incredibly important to smell potential correction
let me know any other ideas how we can smell next big correction... :)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.