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Money and More Money On Crypto MarketHello Traders
I heard many people talking about the crypto market crash. Well, this chart alone is showing that more people investing their money into cryptocurrencies every day.
About the analysis. The chart is currently is on a big dynamic channel and has broken a triangle from above. Pullback happened, and I'm expecting alt season to come.
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What is your opinion? Comment below.
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Total Market Crypto Cap - Head and shoulders + Triangle warning- Overall total market cap is not looking good right now
- We can see this head and shoulders and also the descending triangle - 2 bearish patterns!
- I expect lower prices, also as you can see, we finished our Impulse Elliott Wave
- You can profit by this crash easily, just use futures market and enter a short position - I recommend SNX coin for example
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French companies are between islam boycott, the virus and crisisThe boycott topped the Arab and Islamic countries against French products, companies ... The share of France's exports to Islamic countries is about 37-100 of the total exports.
After the strongest Islamic economies in a province, there is fear of a drop in shares of French companies (Turkey, Saudi Arabia, Indonesia, Singapore, Egypt, Morocco, Malaysia, Iran, Qatar and Kuwait uae ... The GDP of these countries is $ 5 trillion annually, and France exports to these countries $ 57 billion annually per years . There are also branches of companies. Toyota, Carrefour stores, Orange Company and the General Company Bank
The boycott is widespread on social media, Facebook, YouTube, Instagram, and hashtag. The boycott is in first place, and many Islamic stores have replaced French products with the British, local and Russian, and they were banned from trading French products.
TOTAL2 shows crypto has started the multi years bull runPrice has broken out of a 3 years triangle and has touched the top of the monthly Bollinger band for the first time since January 2018.
A very similar pattern occurred at the start of 2016 two years bullrun.
It is very hard to believe that this breakout is fake and price will "nuke" back under the triangle, since touching the upper BB band on the monthly is not a trivial event and never resulted in price "nuking" down , not even testing the BB midband,
Monthly MACD positive and similar to the start of 2016 bullrun. This is a clear indicator that price is in a bullish trend and to revert to a bearish trend requires a lot time and effort on the part of market makers.
This also dispels the myth of BTC pumping will cause Alts to suffer. The BTC up Alts down, BTC down, Alts down narrative, is true in the correction period between the major bull run. In this run, BTC and Alts will both pump and Alts more than BTC, to such an extent that an Alt will replace BTC in dominance (see idea below).
TOTAL, Possible sell!If the price will cross the Key Level we can open sell.
All highs are lower than previous and this situation looks like the start of the bearish trend.
The potential profit will be 3 times bigger than the risk.
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