without_worries

Crypto market on the verge of a turnaround

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without_worries 已更新   
CRYPTOCAP:TOTAL   加密货币总市值,$
Many of you are no doubt stressed wondering when the selling is going to stop. An end may be in sight. The chart presents the total crypto market, amongst which a few interesting signals have appeared. The most obvious is just how oversold and weak the market is shown to be on the RSI & Stochastic indicators. The largest candle to date since the selling started has made an appearance on the 5th downward wave. This, given the oversold status, as indicated on this 3-day chart provides us with a strong bottoming candle.
交易开始:
Some good news... divergence of market capital versus RSI is now clearly indicated. The market capital is about to explode upward. I don't know where the money is going, just in. Additionally, the volume is extreme. Not since November of last year have we seen such extreme consistent volume. Finally, on this 1-day chart we can see a double bottom has formed.

交易开始:
more detail

交易开始:
Life cross! Not the strongest, but it comes after a technical double bottom on the 200 week moving average. We might retest, but it is very unlikely now we'll see the market fall below $100 billion mark.

交易开始:
A short correction should now be expected at $180b back to $140b. This correction will mark the last correction before the next bull market IMO and more importantly the last buying opportunity!

交易开始:
Still waiting on correction,,, we're now testing the 50 day moving average with 5 points of strong resistance. The changes we break through it without retesting the trend line are slim to none.

交易开始:
RSI high 80's, Stochastic overbought, money flow exhausted - some whale somewhere has their finger on the button ready to take out the new money.

交易结束:到达目标:
We're very very close now to testing an important resistance level. Somewhere between $290-300b. If we're rejected the market capital could dump all the way under $200b without much effort. Be careful.


BTC
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Allow 3-6 months on ideas. Not investment advice. DYOR
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