This is not a bitcoin chart. But is the most important chart to understand the overall outlook of the market. Let's get into it.
1. Total Market Cap- Gives you sentiment of the overall market.
2. WHY? 1 trillion, 1.5,T 2T, 2.5T, 3T playing a key support and resistance.
3. I was pretty sure this 1.5 to 2 range was to be tested as it needs to trap breakout traders. It successfully did and tested the 2 trillion region. I believe it will again go for retesting 2T to checkout the liquidity. If we successfully go 2T to 2.5T range we might see a small altseason before massive bitcoin pump.
3. In chart pattern this might look like ascending triangle.
4. Slowly looking into projects with the strong team and diversifying portfolio is a great strategy.
5. However I am looking for a good volume to show up. 1 T to 1.3T look for a great place to add position.
1. Total Market Cap- Gives you sentiment of the overall market.
2. WHY? 1 trillion, 1.5,T 2T, 2.5T, 3T playing a key support and resistance.
3. I was pretty sure this 1.5 to 2 range was to be tested as it needs to trap breakout traders. It successfully did and tested the 2 trillion region. I believe it will again go for retesting 2T to checkout the liquidity. If we successfully go 2T to 2.5T range we might see a small altseason before massive bitcoin pump.
3. In chart pattern this might look like ascending triangle.
4. Slowly looking into projects with the strong team and diversifying portfolio is a great strategy.
5. However I am looking for a good volume to show up. 1 T to 1.3T look for a great place to add position.
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.