A lot of patience and chop... continuous reshaping of the narrative as speculation around crypto on a geopolitical level continues to be argued eventually reaching a homeostasis and understanding of what crypto means.
It may be a grueling summer, watching the entire market chop around as nation states play around; "crypto isnt legitimate." "Crypto is legitimate" Blah blah blah... until finally there is another crisis on our hands. oh no liquidity drying up, oh no inflation, oh no what do we do. Crypto offers many solutions to the next manufactured crisis.
Does market cap even matter? Like really, if it is just a representation of (the perception of) value, is it hard to conceive that there is no objective limitation to how much crypto is worth? Could the chart really be this simple? Could a bull flag be forming in the altcoin market, meaning we're about to see a HUGE run up by BTC
I just dont get why everyone is so bearish. Maybe everyone is looking too closely. I was always told, "when in doubt zoom out." Personally I do a lot more HODLing then I do trading. Maybe its because of that that I always revert back to that saying. I think that if that red bar next to the big hand turns into a doji we could be set for a large rally in june
It appears the market is following nicely in the fib channel... That being said, the timing is different but the patterns seem to be very similar to the previous bullrun. In the last bullrun, the entire total touched a support level three times before suddenly dropping below that support level. it stayed there for three days before making a sudden movement...
if we settle with the sec this month maybe it'll go a little something like this
Just playing around with different TA tools and came across this one. I thought it didnt seem coincidental and that XRP may be moving in this fib channel. Please comment and let me know what it may mean to you/ what you think.
VET is either going to consolidate for a couple of weeks in this bullish pennant or the cup and handle formation is a bullish confirmation that VET will seek new highs