Crypto Total Market Cap (TOTAL) – 4-Hour Time Frame Analysis
The chart displays a well-defined Bullish Harmonic Bat Pattern, with the final leg (D point) now complete, suggesting a potential reversal to the upside.
Current market cap is at $3.25 trillion.
Based on the harmonic completion at point D, the market shows bullish potential from here, with the next projected move toward $3.5 trillion.
If momentum sustains, the total market cap could extend further toward the $5 trillion mark, as projected by the yellow upward trajectory.
Key Fibonacci Levels in the Pattern:
AB retracement ≈ 38.2%
BC extension ≈ 124.3%
CD retracement completes around 88.6% of XA leg, confirming a valid Bat pattern.
RSI (14) Indicator:
RSI is currently at 65.39, indicating strengthening bullish momentum but not yet overbought.
Multiple Bullish RSI divergence signals have emerged from March through June, reinforcing upward bias.
Conclusion:
This harmonic structure suggests a strong reversal zone has been tested. A sustained break above the recent highs could confirm bullish continuation, possibly targeting multi-trillion market levels in the upcoming sessions.
Current market cap is at $3.25 trillion.
Based on the harmonic completion at point D, the market shows bullish potential from here, with the next projected move toward $3.5 trillion.
If momentum sustains, the total market cap could extend further toward the $5 trillion mark, as projected by the yellow upward trajectory.
Key Fibonacci Levels in the Pattern:
AB retracement ≈ 38.2%
BC extension ≈ 124.3%
CD retracement completes around 88.6% of XA leg, confirming a valid Bat pattern.
RSI (14) Indicator:
RSI is currently at 65.39, indicating strengthening bullish momentum but not yet overbought.
Multiple Bullish RSI divergence signals have emerged from March through June, reinforcing upward bias.
Conclusion:
This harmonic structure suggests a strong reversal zone has been tested. A sustained break above the recent highs could confirm bullish continuation, possibly targeting multi-trillion market levels in the upcoming sessions.
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.