$BTC LAYER 2 NARRATIVE WILL BE HUGE IN THE NEXT BULLRUN.🙌💯🚀
Be prepared and grab these projects while they are still undervalued 💎 $STX #altcoins #bitcoin
The recent partnership with $ONDO for #RWA integration is another great addition to the list. (If you do not know it yet, stay tuned for an upcoming full analysis 👀)
The PA shows a clear descending triangle, likely leading to a breakdown to the lows. Additionally the circulating supply is still low, and more supply is set to enter the market in the future.
That is where I will look for deviations before going long and loading up my long term bag 💼
Bonus tip: it's not listed yet on #binance 👀 IYKYK
As expected, the price retraced down from the $50 level 📉 Now, it's likely going to fill some FVG up around the $45 level before heading back down to $35 level .
The price action on BNB shows a clear ascending triangle developing on the daily chart. Unfortunately, what seemed like a promising breakout toward $720 has now retraced back inside the range, turning it into a fakeout.
What now?!
This is not a good sign for maintaining bullish momentum. While we have bounced from the support trend line, we need to closely monitor the PA in coming days. I would like to see another attack above 635$ being hammered back. (some FVGs waiting there). That will confirm the bearish setup.
If we break down from the trend line, $500 is what awaits us.
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IMO waiting now is the best option. I will wait till the correction phase exhaust, and when there are the first signs of a reversal, I will consider taking a position.
We might drop further to around $3, so be careful if you are trading it.
The macro outlook is slowly turning bearish. What initially seemed like manipulation now appears to be the first sign of capitulation.
The price is now at a decisive moment, as further decline will invalidate the current structure. Failing to hold the $3.6-$3.8 level might bring us down to around $3.
A price below $4 will still be a good accumulation zone for the long term. To regain bullish momentum, I need several confirmations, starting with recovering $4 and then $4.8.
Altcoins market is bleeding right now 🩸🩸🩸 But when looking for altcoins next move, there is a graph you should always consider:
TOTAL 2 - Crypto market cap excluding $BTC
Historically, one of the most useful indicators in crypto analysis to detect #Altseason
But, why leave out $BTC ? 💎
As a heavyweight in the crypto scene, it tends to overshadow the performance of other coins and distort our perception of the overall market. Taking it out of the equation lets us see the current state and direction of the crypto market more clearly and accurately.
Looking at the chart, it is clear we faced rejection at 1.2T level.However, despite the market turmoil we are still at higher levels and the macro structure remains bullish.
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