Is crypto crashing?

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.

Dagangan aktif:

Seems there is macro support using the regression trendline

Dagangan aktif:

Entire crypto market may have made a trend continuation of higher lows!!!!

Dagangan aktif:

Can we maintain a 3 trillion market cap ???
I think so if we can get a bitcoin spot etf.

Dagangan aktif:

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.