BTC preparing for a move higher
A long term analysis of total alt market cap. For now will the 2.617 fib provide resistance?
A bullish idea for the crypto market space The macro environment still is inflationary, we can go higher
A bullish idea, 54.5k looks like a good entry area
Will break upward from the large wedge and move into a blow off top phase? Or will a bearish wedge play out and will we break down? Bias is towards the blow off top as that is historically how crypto bull cycles end, and we still have a lot of more deficit spending coming down the pike from Biden and his administration.
A blow off top or will we form a bearish wedge? Bias is towards the blow off top to finish off this bull run
Bullish scenario for BTC over the weekend
If we break up from the triangle here this could be the next big leg up (TOTAL2 would lead and pull BTC along with it)
Bearish wedge, continuation of the sell off Short target 43.5k Long target around 42k