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More correction in Cryptocurrency Market..!Total Crypto market cap, Bitcoin, and Ethereum have just crossed below their 50 EMA and lost their previous support level! The most important support level for bitcoin is 58 k and for ETH is 4k..! closing below these levels makes more correction the most probable scenario! You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts! DISCLAIMER Best, Moshkelgosha I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
BITSTAMP:ETHUSDShort
by Moshkelgosha
4
DXY - Target Hit. Now what?Hey everyone... I'm going to keep this short as I'm actually at work right now 😅🤫. For a while, BTC and the DXY were both gaining at the same time... On smaller timeframes that's ok but on bigger timeframes they usually move in opposite directions... I do believe the recent DXY gains have a lot to do with why BTC and the overall crypto market has dropped sharply! I am a bit curious as to WHY the DXY has been pumping as inflation rates are expected to go up quite a bit more than usual. The "composite man" is always behind the scenes manipulating the price, especially of cryptocurrencies. I personally have seen a lot of evidence of market manipulation in the crypto market and for me this "crash" seems normal and it will likely be the biggest "shake out" yet. - WHAT THIS MEANS FOR BTC, AND THE CRYPTO MARKET? - If the DXY has reached a resistance and heads lower to consolidate for a while, this should be a good thing for cryptocurrencies. Personally I'm not sure how the DXY will hold up with inflation expected to rise. It's the holiday season and people will be spending but you can't un-print Trillions of dollars that were already printed. We'll see how things play out. Hope everyone doing well. Back to work I go. Take care. **This is not financial advice. Always do your own research before investing or trading**
TVC:DXYShort
by Mboersma0324
2
🔥 Total Market Cap: Cup & Handle UPDATEAround a month ago I made an analysis on the total market cap of the crypto-space. In this analysis I said that the Cup & Handle chart pattern was completed and a nice bullish move was to be expected, 3T being the target. After hitting 3T a couple of days ago, we have been trading relatively bearish, with the strongest drop being today. I'm not convinced yet that the correction is over. Ideally we'd re-test the previous Cup & Handle support and bounce from it. Reversal target still at 3T. Happy trading!
CRYPTOCAP:TOTAL
by FieryTrading
14
Crypto Total: pullback to trendline?The total crypto market cap has been marching onwards up in a steep trendline until just below 3T. A strong mental barrier, with the taproot update and rising wedge for BTC it seems like an obvious time for taking profits, 10 to 30 percent corrections happen in the bullruns! Personally I shorted this but that does not indicate that Im a bear. I expect that we might see a drop and retest of that previous swing high. Seeing the total hold at that area and the potential lower trendline would be a buy for me.
CRYPTOCAP:TOTAL
by Gersemi
10% decline looks imminent ..!It looks like the Crypto market has run out of steam and a Flash crash is about to happen..! It is already 10% below the 2.743 Trillion, but another 10%-15% decline is closer than what you think! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
BINANCEUS:ALGOUSDShort
by Moshkelgosha
1
2.5-2.4 trillion is a critical level..!In these charts, you can see the most important support (green lines) and resistance (red lines) to watch in the coming days! Multi-Timeframe Analysis: Hourly Chart: downward channel (Bearish) Daily Chart: Upward regression channel (Bullish) Weekly Chart: failure to close above resistance Zone! (Neutral) Monthly Chart: failure to close above resistance Zone! (Neutral) Conclusion: Neutral to Bearish is the most probable scenario for the short term! Best, Moshkelgosha DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
CRYPTOCAP:TOTAL
by Moshkelgosha
6
TOTAL market cap OBV divergence ridiculously bullish (4H)Quick post looking for supporting trends on other indexes. TOTAL marker cap OBV divergence on the 4H is ridiculously bullish. This is supported, (but less extreme) in the higher time frames (D, W) which are more reliable. but suggests lots of money recently entering the market and staying in. Hopefully this cup and handle formation holds above resistance the money stays in and we see confirmation of the push up and the next leg of the bull run many are hoping for (the only problem with recent money is that it can exit just as quickly, but this is promising)
CRYPTOCAP:TOTALLong
by jamoooo