BTC dominance about to break down on 2 wk Can't break overhead resistance 7 wicks prove. Those are mostly strong wicks too. 1, 2,3,5 tall upside wicks prove resistance strong bearish engulfing on candle 4 bearish shooting star pattern forming at candle 7 Choose wisely on your alt portfolio
The 2024 cycle may be over. Market can't break resistance from last cycle. Current indecision candle suggests total market cap doesn't flip resistance into support by end of June, this crypto cycle is likely over.
SNAB RSI Structure pattern 488 days to top *from CryptoCrewUniversity
If total 3 is able to consolidate under resistance lines without breaking down, then probability of breaking above increases (means less risk to rotate into alts)
IF BTC Dominance flips (part 1/4), then total 2 should be looked at next Look for Total 2 to clear this yellow resistance zone for confirmation to further look into alts
3 DAY CHART If BTC.D deviates above top of range line, then look for alt coin entries Then go to Total 2 If total 2 holds, then go to Total 3 if total 3 holds, then go to invididual alt charts
If crypto total market cap is following wall street cheat sheet fractal: Capitulation (3AC/LUNA) created first low Anger (FTX implosion) created lower low Depression creates final low Prediction: we sweep the FTX lows from Nov/Dec 2022 creating an August 2015 style bottom in August 2023
FED induced recession historically takes 30 months max to reduce inflation back to 2% November 2021 double top + 30 months = April 2024 April 2024 = BITCOIN halving Leaves room for 2024/5 crypto pump
Structure of Amazon pre and post Dot Com boom looks similar to BTC There was no Quantitative Easing back in 2000. No QE now Amazon was the dot com leader. BTC is the crypto leader. Price chart suggests latest bottom would be September 2023 Amazon (dot com era) overlaid on BTC 2020-2025 still suggests BTC price pump 2024/2025, with BTC halving in April/May...
Many of the lower level support zones hold over from the 3 month chart
all key long term support resistance zones as charted here
Weekly chart 20 week SMA cross under 100 SMA = bottom is close
Currently the 20 Week Moving Average sits at $2.20 FTM If price holds the 20 Week MA as support, this historically means "moon launch"
Fractal 1: Distribution Spring--12/12 Selling Climax--May 19th Fractal 2: Accumulation Selling Climax--May 19th Spring--July 21 Fractal 3: Distribution Spring--July 21 Selling Climax--September 21st Fractal 4: Accumulation Selling Climax--September 21st Spring--October 15th Let's see how the fractal confirms or invalidates itself come October 15th, give...
Monthly cycle ranges Red = local bottom range Yellow = local top range
Global Chief Investment Officer of @GuggenheimPtnrs His track record is terrible
This is strictly a fractal analysis in isolation from other indicators. Fractal is from same point in last cycle Would create a Buy The Dip Zone around 13K
Weekly chart Stoch RSI When it crosses 20 resistance historically LINK pumps As long as LINK can pump hard before the BTC retrace, I expect it to hit and keep the $20 area of resistance See for additional info on LINK bull cycle expectations