The inverted total #crypto marketcap chart broke out of this rising wedge pattern and seems to be retesting it today. It also shows the "Three peaks and domed house pattern"
#Bitcoin and #altcoins could make strong bullish moves in the next weeks if this pattern plays out π₯π₯
The inverted #ethereum chart clearly shows the "three peaks and domed house" pattern. It looks like this latest move is the top. A potential bearish divergence in the making. We'll get an answer very soon!!
With a 50+% drop on $BTC comes an even greater drop on alts- and this has nothing to do with fundamentals. The market ebbs and flows and like waves in the ocean alts move in sync with BTC. If you're bullish on BTC here you should see this as a incredible opp on your favorite alt.
The total #crypto marketcap (#Bitcoin + #altcoins) did a beautiful retest and is ready to take off π₯π₯ππ
This is a very nice chart from @Cryptorphic1, an experienced analyst that I follow already a long time
Give that man a follow ππ
I don't think you would have been upset selling #Bitcoin at $64,000. I also don't think you'll be upset buying below $40,000. OBV has signaled a bottom. I'll let #CryptoTwitter fight over THE EXACT bottom while they miss the move up on $BTC.
Lots of coins will do 20-50x off their lows. Itβs not hard to find. But most never realize these gains cus 1. They donβt buy at the lows they chase at highs 2. If they do buy the lows they lack the conviction to hold to the highs 3. They get shaken out by volatility along the way
π₯π₯ #ALTCOINS MAJOR BREAKOUT π₯π₯
Altcoins have broken out of huge 5 month a BULLISH falling wedge with a big bullish divergence. #ALTSEASON HAS STARTED
#Bitcoin volume has been slowly increasing for many months. This is considered a very BULLISH sign π₯π₯π₯
The same thing happened in 2016 when a massive Bitcoin bull run and #ALTSEASON happened ππ
Bears pointing to 2018 are wrong, volume was decreasing back then ...
When #Altseason Sir??
Total Marketcap Excluding #Bitcoin is Forming Falling Wedge Pattern..
RSI is Printing Bullish Divergence (but Still Moving Below the Trendline)
If Wedge Broken Upside, Expecting +50-70% #altcoins Rally, Every #altcoin Will PUMP Hard, Be Patient.
#Crypto
This setup is about my main #Bitcoin thesis for 2022 and 2023. I think Bitcoin won't go that high this year. #altseason and #altcoin peak during impulse D and Altcoin-Bitcoin decouplement at E. #Bitcoin peak in 2023
Great visualization @Itsdehamza ππ
#Altcoins will be going parabolic against #Bitcoin. When you combine a very low BTC.D (e.g. 20%) + the marketcap of Bitcoin and Altcoins, the Bitcoin marketcap cannot be very high otherwise you get an unrealistic high #Crypto marketcap
OTHERS Dominance (#Altcoins) has been increasing by 161% every time it left the previous range
31.65% is a potential target for the 2022 #altseason
Great spot from @el_crypto_prof ππ