Solana / SOL - Market Cap - Idea IHey guys,
Yearly closed bullish above 50%
3M = Inside Bar - lower volatility
closes bearish but still above major support lines.
-> Bullish?
1M: Inside Bar in a Triangular Formation - we are in a Neutral Market right now.
-> looking to go long from the lower end and short from the upper end of the triangle.
3D: There seems to be a bullish Setup in place on the monthly and the 3D Signal could be fired soon -> trendline must be broken, I prefer to see a retest of it before considering a long position as we might see another wash out. I will use a trading system to enter.
Thanks for reading…
Marketcaps
Alt Season Is Upon UsETH Dominanace @ 15.4 and is up 22% in the last week (Top Left)
BTC.D is @ 64.24 and is down 10% the last week. (Top Right)
Total market cap has slipped under our trend line (Bottom Left) but excluding BTC it is still trending (Bottom Right)
With so many Dapps and Defi running off ETH it's not unlikely that ETH could get to much higher than it is, $1,700+. Alts have been booming and it seems for the next 8~ weeks we are going to have a strong rally. It's probably we avoid a BTC drop of -40% with institutional support, and BTC fully on the global radar, so a slow decline appears more likely.
Alts I'm interested in are LINK, SOL, ONE, QTUM, VET, VTHO, and SPC
CRYPTO MARKET CAP WITH AND WITHOUT BTCBoth seem to tell a completely different story at this time.
Without Bitcoin, we are now trending well below the EMAs which acted as support since the beginning of the year and we are now heading down.
With Bitcoin, we seem to be on support on top of the base channel, forming a structure which evokes a wave 4.
Hence the uncertainty in this market at this moment.
Crypto Total Market CapOver the past week, the crypto market capitalization increased by 30% from 100 to 130 billion. A few days ago there was a maximum daily trading volume of 35 billion. Now we see a clear trend. We are moving in the ascending channel and by the end of the month market capitalization is expected to be in the zone of 140 + billion.
We begin to grow. A lot of good news. Which pushes investors to invest in projects at low prices.
RSI - oversold
above MA50,100,200