The Crypto Total Market Cap (excluding the Top 10) is staging a strong bounce on its 1M MA50 (blue trend-line), which as you see has been closing all 1M candles above it since November 2023!
With the multi-year pattern being a Channel Up, we are experiencing a prolonged Accumulation Phase similar to 2019. That gave rise to a Higher High on the 1.618 Fibonacci extension. This time the accumulation even takes place above the 0.5 Fib.
If the same 1.618 Fib Target is repeated, we are looking at a possible 1.63 Trillion market cap.
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With the multi-year pattern being a Channel Up, we are experiencing a prolonged Accumulation Phase similar to 2019. That gave rise to a Higher High on the 1.618 Fibonacci extension. This time the accumulation even takes place above the 0.5 Fib.
If the same 1.618 Fib Target is repeated, we are looking at a possible 1.63 Trillion market cap.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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👑Best Signals (Forex/Crypto+70% accuracy) & Account Management (+20% profit/month on 10k accounts)
💰Free Channel t.me/tradingshotglobal
🤵Contact [email protected] t.me/tradingshot
🔥New service: next X100 crypto GEMS!
💰Free Channel t.me/tradingshotglobal
🤵Contact [email protected] t.me/tradingshot
🔥New service: next X100 crypto GEMS!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.