Hello crypto, On times of uncertainty, i take a step back and look at the total crypto market chart. Using a linear progression trendline on the 3hr timeframe. We see similar price action on the start of October 2021. An initial crash, then a few days of accumulation. Then a run up in which bitcoin made all time highs
Conclusion: Buying every time price action has hit this trendline has resulted in a bullish case scenario for bitcoin and altcoins.
Conclusion: Buying every time price action has hit this trendline has resulted in a bullish case scenario for bitcoin and altcoins.
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Seems there is macro support using the regression trendline
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Entire crypto market may have made a trend continuation of higher lows!!!!
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Can we maintain a 3 trillion market cap ???
I think so if we can get a bitcoin spot etf.
I think so if we can get a bitcoin spot etf.
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Looks like we didnt have momentum to maintain the 3 trillion market cap.
Worst case scenario if we have a lot of leveraged longs we might have to wash them out. Maybe further downside to 2.6 trillion.
Worst case scenario if we have a lot of leveraged longs we might have to wash them out. Maybe further downside to 2.6 trillion.
