Looking at the total market one may find that it can also be measured with the same tools and dynamics of understanding like any chart.
From what i see, this since this is excludng the BTC and ETH, means money is pouring in and out, so id expect a reaction once it hits the conversion line, but the reaction of it is still unpredictable, since in stock-to-flow chart we way far from a comeback, so a stinging pierce is possible sending BTC to the Lower lows,.
Having said that, a retest or a higher high is also possible since BTC hasn't yet broken the above line of resistance and is above the 200 EMA on the daily time frame , and is now in a similar position like before, however attending that it is also below the kumo in the 3d timeframe, i think a side movement is also possible after it heits the conversion to scare people off, whilst whales start buying.
Pay attention to volume, volume is king.
Short term: Bullish
Long term: Neutral
From what i see, this since this is excludng the BTC and ETH, means money is pouring in and out, so id expect a reaction once it hits the conversion line, but the reaction of it is still unpredictable, since in stock-to-flow chart we way far from a comeback, so a stinging pierce is possible sending BTC to the Lower lows,.
Having said that, a retest or a higher high is also possible since BTC hasn't yet broken the above line of resistance and is above the 200 EMA on the daily time frame , and is now in a similar position like before, however attending that it is also below the kumo in the 3d timeframe, i think a side movement is also possible after it heits the conversion to scare people off, whilst whales start buying.
Pay attention to volume, volume is king.
Short term: Bullish
Long term: Neutral
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.