It took 7 years of market ups and downs, from 2010 to 2017, for the crypto complex to reach a total Market Capitalisation of $761B. However, a similar amount ($741B) has been added in the past 3.5 weeks. Think about that a little, as much new capital has been added to the crypto markets in 4 weeks as existed in the market at the 2017 peak! So time for a review of...
The covid run and post covid run completed The formation that has been described as a 'bear market' is finally breaking out to the upside I can't wait to see where this heads This is the alt coin market June 2022!
Similar pullbacks in red Green line is the major trendline that is holding We are currently moving through a big fib area, which I do not think is an appropriate Top
An idea for the TOTAL market cap Phase 2 is a more aggressive bullish stage in comparison to what we have recently seen Similar structures in green Points of confluence in red
The pullback exhibited within the bull run comparing to points in the previous bull run
The total value can be $ 3.5 trillion to $ 6 trillion in the long run
Looking at the Total US Stock Market (VTI), we can see an obvious arching formation to the Covid-crater rebound, like the decaying upward trajectory of a thrown ball. This trend is characterized by short intervals of consolidation followed by breakouts that exert less upward momentum than the prior breakout. Each of those consolidation phases knocks the rebound's...
Altcoin market, this is the point where bulls need to stage a reversal if not the larger Head and Shoulders structure will result
Such a beautiful channel, look how price reacts off the median in the past. I think we're in Wave 5 now headed for ATH's in the fall. I would probably get ready to take big profits in the fall as price hits the top of the channel. Wave 4 didn't go below wave 1 and we're currently at the Golden Fib Retracement from the Wave 2 low, #chartporn
TOTAL2 Has seen some great growth there is more to come for the bulls but we are now jus taking a breather and gearing up at the 0.5 line is a strong and likely point of support for this price action Being tested as resistance three times, to be tested as a support? It will likely reject upwards and continue with the bull run.
This is a great pullback to catch if you are looking to buy in to one of your favourite altcoins All of them (basically) on sale! I have been patiently adding myself There has already been one bullish rejection along 2618 I expect another to follow, allowing the market to continue pushing new highs
We are either looking at a nasty rejection continuation Or a double bottom formation and a break of this trendline that has been continually tested (3 times) Personally the bear scenario sounds more logical to me, yet this is crypto so I accounted for both sides. The 200MA (yellow line) wont hold if this breaks down. FYI
Charts for TOTAL2 showing price printing lower lows while the rsi indicator printing higher highs, this is an example of a rsi divergence Charts for TOTAL shows that price is in a possible expanding wedge I would call it, it still looks quite bullish In comparison though a RSI divergence on TOTAL2 Hourly is a very strong bullish sign, VeRy
an idea trendlines that are relevant are drawn the yellow MA line is the 200 moving average
This MACD pattern suggests a reversal on the DAILY Used the brush tool to roughly the draw the way the Lines will cross Bought the dip on Ethereum
Suggesting an early 2023 end to the bull run So based on my previous analysis I have managed to extrapolate roughly a June 2022 - April 2023 end date for the bull run Personally I might brave myself for another bear market if I have the courage, or I am selling around December 2021 just to be safe. The first Gann ring hits the 2018 Top perfectly, I don't see why...
If the last bull run was unique I pose the question why are we seeing similar patterns? (within circle) With an impressive 452846.26% increase to reach the Top of the fib channel Will this occur again? The TOTAL market cap would be incredibly high if so I have my doubts but this is cryptocurrency, to reach the top again another massive move is implied, we will see...
Sell point suggests 1 December 2021 to be optimal if this channel holds true 66 Degree angle ascension Is present within last bull run and proceeding bull run I think I will be selling around this area, market may stay up till June 2022 as suggested by my previous chart Bull run in effect