In February, we may have experienced the greatest trap in Crypto Cycles, where the expected outcome was supposed to favor ETH and Alts, but instead, market makers pushed the price against all odds, using the narrative of tariffs against the retail investors.
A very nice M formation buildup failed to complete its form, increasing the liquidity exponentially, a trend that I expect to continue in a more aggressive way soon.
In my view, the next 2 weeks will see some compression on the charts of most large caps, time in which some alts will pump massively, after which we would either touch MA9 and bounce, or test MA14 and potentially see BTC price retesting the 70k range again, before a major pump pushes everything above any expected ATH.
A very nice M formation buildup failed to complete its form, increasing the liquidity exponentially, a trend that I expect to continue in a more aggressive way soon.
In my view, the next 2 weeks will see some compression on the charts of most large caps, time in which some alts will pump massively, after which we would either touch MA9 and bounce, or test MA14 and potentially see BTC price retesting the 70k range again, before a major pump pushes everything above any expected ATH.
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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.