Rising Triangle Idea To 30k I believe there will be a small pull back "trap" to the baseline of the first flag around 21k.
This will cause the unexperienced trader to think the rising wedge has been broken.
The impulse wave following afterward towards 30k will be strong and many shorts will be liquidated.
What happens next? 10k or 42k... we shall wait and see!
Not trading advice, Just for fun! (:
Total
Pattern Similarity with 2018 Bear Market RecoveryWhat follows is a comparison of the daily chart during the 2018 bear market recovery with the present weekly chart. Markets like to repeat patterns, with similarities and differences:
Repeating Pattern Similarities:
Both made a head and shoulders top
OBV and Volume show similar patterns of behavior in both charts
The amount of correction prior to recovery is similar
Repeating Pattern Differences:
2018's head and shoulders top had a descending (or practically straight) neckline. 2023's head and shoulders top has an ascending neckline
OBV has dipped more during the present downtrend than before, and Volume peaked earlier during the head/shoulders top this time (Volume is also down more now than it was during 2018 recovery, respectively)
Signs are pointing to a recovery, but DXY is behaving strangely and market conditions are entirely different than they were in 2018.
2023 Recovery may be higher than 2018, if neckline is reached - it could look like a double-top with a lower high (potentially even another HS pattern at the end)
Should the pattern repeat itself again on the higher time frame, I've outline a rough path that could take us into one of the two red boxes, or even somewhere in between, with:
-- Conservative Targets near previous head and shoulder top lows
-- Aggressive Targets stopping at or near the ascending neckline, and this would coincide with my theory of a lower high double-top, which I think is the more likely scenario (see related idea below)
-- Otherwise the potential to stop somewhere halfway in between either
Chart is long until recovery completes at one of the levels above.
This idea fails immediately if we fail to remain above the wedge here on a re-test on the falling wedge breakout (3-day chart pictured below):
Related Idea - neckline targets coincide with lower-high double-top theory:
Cheers, and thanks for taking the time to read through my ramblings!
-- dudebruhwhoa
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TOTAL D2: +60% gains Target 1.5T USD(STRATEGIC)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
READ ENTIRE IDEA BEFORE EXECUTION!
🔸 Summary and potential trade setup
::: TOTAL 2days/candle chart review
::: total crypto market cap
::: bulls maintain control expect more gains
::: falling wedge broke down recently
::: setup still valid as of RIGHT NOW
::: chart is LOG SCALE
::: looks SOLID near 1T USD
::: expect more gains / upside
::: heavy resistances overhead
::: 1.15T/1.25T and final TP 1.50T
::: for now BULLS maintain control
::: clean breakout looks strong
::: if BULLS can pivot above 1T USD
::: then expect more gains in
::: crypto space in February/March 2023
::: extended bull run possible as well
::: SPECULATIVE SETUP
::: do your own due dill
::: and use proper risk management
::: TP bulls is +60% gains
::: details: see chart
::: FINAL TP is +60% gains 1.5T USD
::: recommended strategy: BUY/HOLD BTC + ALTS
::: TP BULLS +60% gains 1.5 USD final TP
::: SWING TRADE: BUY/HOLD IT
::: bull run not over yet
::: good luck traders!
::: BUY/HOLD and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: 1.5T usd fresh supply zone
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BULLS/60% gains
::: Sentiment short-term: BULLS/60% gains
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
#ALTCOIN MARKETCAP is Flashing Important Signal.Have a blessed Sunday to you all.
ALTMACP broke to the upside.
I am just skeptical about it for one reason, the confirmation candle closed in the red.
Unless we get a candle closing in green above the same, expect manipulation.
Be careful about holding the maximum portion of your portfolio in ALts.
Alt/BTC pairs will bleed.
I prefer holding BTC and a few alts with fundamental advantages like VRA is 230% already, HFT has started its run( Chart coming soon), and many other Gems APT did 4x.
So follow me if you want to know the next potential 50x coins!
DYOR, This is not financial advice.
Do show your support if you like my work.
Thank you
#PEACE
$TOTAL vs $BTC part 2$Total vs $BTC
You can also compare how TOTAL3 is lagging compared to Total, Total2, and BTC
Fact that #BTC is testing long term downtrend SHOWS #BITCOIN is LEADING the charge
Yes, #altcoin are ripping BUT BTC is leading move BY STRENGTH, mkt cap
Bitcoin hasn't really done this last 2 times
Next couple days = IMPORANT
Need Volume & Breakout
#crypto
$TOTAL vs $BTC part 1$Total vs $BTC
You can also compare how TOTAL3 is lagging compared to Total, Total2, and BTC
Fact that #BTC is testing long term downtrend SHOWS #BITCOIN is LEADING the charge
Yes, #altcoin are ripping BUT BTC is leading move BY STRENGTH, mkt cap
Bitcoin hasn't really done this last 2 times
Next couple days = IMPORANT
Need Volume & Breakout
#crypto
MARKET BULL SEASON ( ALTCOIN SEASON )Crypto coins started to be discovered. Everyone wants to be rich. And this is why it is turning to altcoins instead of btc.
Especially the Shit coin Doge, Hot, Btt, Chz, etc. It will turn to pump coins. Season is PUMP season.
If the first areas are happy, the last ones will suffer great losses.
Sorry, these are the Facts.
You can wait for years. It is useful to be careful.
Because when they get what they want, they have nothing left to buy from you.
Sorry, Doge will finish the season with Btc.
For now, I see it as May 31, 2021.
Stay tuned, ahead. I'll share the exact dates.
Enjoy it very much on May 31st.
Pay attention especially on May 24th.
Hill Hunt will go out (ALL TIME High will come).
Look at the top selling. May some others win.
Getting out in the right place is most important.
This season is the season of disposal.
Move up, those who open Short can do a lot of damage.
When the bear season comes, we will lower the prices together.
Pay Attention to Your Stops.
MARKET CONDITIONHere we can see that TOTAL MARKET CAP has a RESISTANCE at the zone of "1.4 T" and if it takes RESISTANCE from the zone we can see a good correction in the market. Please avoid to take LONG TRADES at this time and if the the candle takes correction from the point you can look for short trades in the market.
ENJOY!!!!!!!!!
$TOTAL looks good - $BTC LEADS = VERY GOOD SIGN$TOTAL = ALL #CRYPTO including $BTC + $ETH
This index looks good
Volume lacks but majority of ppl were decimated
These are players who still have $, movers, smart $
#TOTAL3 = #altcoins, no #BTC or #Eth
This index is weaker
Shows how STRONG #bitcoin has been = VERY GOOD
📈 Total Crypto Market Cap. Better Than ExpectedI was expecting to see a strong drop, a retrace right after the market grew by more than 300B... This didn't happen.
The TOTAL Index chart is looking better than expected.
We know this one and BTCUSD are quite similar which is normal of course, since Bitcoin is the biggest crypto and thus drives the market to follow whatever it does.
MA200 has been tested as support and it holds.
This is good news as it can open the door for additional growth.
We have a bullish cross of EMA10 and MA200, this is amazing news as it can push everything higher up.
The RSI as it is, support another rise in price.
If there is any kind of bearish action, it should be fast but short-lived.
At most, it would be some sort of shakeout because the bulls are fully ahead... There is really nobody to sell, sellers are exhausted and that is why consolidation is taken place.
No weak hands left?
Then crypto can move ahead.
Namaste.
TOTALSubscribe and get a free trading strategy for Bitcoin and other instruments every day!
Happy New Year and Merry Christmas my dear friends!🤑
As you can see in this chart TOTAL cryptocurrency market cap is in the demand zone at the time.
I show you the next zone near the 820B where it can go soon.
P.S
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
What's up about crypto market cap💰. TOTAL CRYPROCAP 📈📉Hello guys. This is an update of previous analysis (blow link), The chart is very similar to Bitcoin now. After breakout the trend line, I expect some correction as a pullback and complete the pattern then continuation of upward ,Consider it and monitor the price's action in the circles.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion here to me
📈 Use The Retrace To Buy-in, Rebuy And Reload (Total-Crypto)After a strong breakout...
After a strong waves...
After an impulse...
It is 100% normal to have corrections and retraces.
If you missed out, this is a great opportunity to buy-in.
If you are already positioned and secured some profits, this will be a great opportunity to rebuy and reload.
Remember to plan and do your own research of course.
Remember to set a stop-loss, etc.
You are responsible for your own actions... This is my view and opinion based on experience and what I see coming from the charts.
I hope you find this information useful.
Previous trade idea | 29-Dec-2022
📈 Cryptocurrency Market Capitalization Likely Grow 200 Billion
Namaste.
📈 Cryptocurrency Market Capitalization Likely Grow 200 BillionWhat would it take for the cryptocurrency market to grow by 100 or 200 billion?
Is this really possible and if yes, how long would it take?
The market makers have been preparing their hands for a while now.
Some big players, some are making a big fuss on social media, are buying into cryptocurrency big time... They will be the cause of this bullish wave.
All it takes is a little spark, the ignition, a catalyst, maybe 3-5 billion to get things going at first.
The snow ball rolls and with each meter going down the slope it grows and grows.
Beliefs have nothing to do with patience, experience and reading charts.
I am just trying to entertain you...
This is entertainment after all.
Being entertained doesn't change the fact that crypto will grow.
It can take 2-3 weeks for the effect to become noticeable to the masses.
It can last 1-2 months... Up to 3 months if we are lucky and then the strongest shaking we've seen in a while... Not Covid but another world changing event...
A preview of what is coming in the future for us.
What our generation will feel through in the coming decades.
Wait and see...
Thanks for the continued support.
Namaste.
We are very close to the bottom.The FTX bankrupcy shocked everybody and with that being written down into history we are quite near or have already had the final capitulation.
Here I'd like to make the distinction between hitting the bottom and trend reversal, a trend reversal usually takes time to print a reversal pattern of some sort, it might be an Adam&Eve, or Ascending Triangle, or Rounding Bottom, with the exception of a very hard to catch 'V shaped' reversal.
In terms of timing I've put on the Fib Time Zone tool(Love tradingview!) and interestingly we are at 1.618 in which pretty much every previous bottom lands.
Please note that as for the time being we still haven't got into any trade, we are monitoring shorter time frames for an entry. (yes we are timing the market and we are good on it)
Just sharing this information to you guys and keep your precious money safe for the next bull run, Take care until next time!
###NOT FINANCIAL ADVICE###