Big decision time for #BTC right here, we're re-testing the falling wedge breakout, here's where we could bounce right back up to the top of the accumulation range again…
$BTC monthly, we still haven't even tested the 0.382 ($54,5k) retracement from the last monthly wave up, A bounce off or before this would validate we're still firmly in the bull market, Even a bounce off the 0.5 or .618 ($44k) would still be healthy
Total 3 altcoins continue uptrend since halving. BTC.D continues downtrend as post halving accumulation continues whilst price volatility subsides becoming boring for new investors. and do we have an Adam n eve pattern forming on $BTC here on the 4 hourly?
Blockchains with most DAUs, $RONIN with more than $SOL , $ETH & $BTC , this is why #Gamefi should not be faded, it’s the one narrative bringing real world, non-crypto biased users into the space more than any other. $AXS N $PIXEL make up most of RONIN’s DAU
Chart 1.. BTC.D continues downtrend and Total 3 continues its breakout & uptrend (chart 2). This means it was a good weekend for altcoin trading after all, and may continue, is it the start of AltSeason? That's too early to call so be careful, just watch BTC.D when US ETF markets open. TOTAL 3 weekly (chart 3), the 2 blue vertical lines represent the last 2 halvings, in the last cycle alts went up over 2140% after the halving. Bear in mind there were several altcoin pull backs on the way to the top ranging from 20% to nearly 60%. if you cant stomach it don't play it, if you havealtbags, hold, if you don't there are some more dips to buy still. Last chart = alts vs $BTC (orange line) performance post halving to ATH (yellow line) in last cycle, alts significantly outperformed BTC after the halving to the ATH overall
$BTC 4hr, lower highS downtrend slowing momentum and closing the range to we meet the lower rising trend line. This could continue until around 10 April at which point we need to break up or head down to the $60k support range. Mean reversion required by ranging or distribution to get back to normal market cycle timelines. Watch out for a potential Wycleff distribution if $BTC breaks above range then drops back in rapidly and doesn’t break back over
$BTC 0.382 Fib Retrace (a good sign of strength if it bounces from there) on the monthly @ $54,4k … rudimentary stuff now that you’ve seen the bull trap of BTC surging over the last 20 hours or so whilst market trading volume dropped 30%, a lower high was formed on the 4Hr.
$KAVA looking interesting, the weekly super-guppy looking to flip green soon, volume seen a nice spike recently, lots of upside space n potential to romp around in. Decent project in the Defi ETH/Cosmos later 2 space. good risk reward ratio here it seems
The last 3 days have seen net ETF outflows to the tune of $881.4 million as GBTC continues to dump more $BTC than all the ETF providers combined are buying. So that’s speculative retail buying then . I expect GBTC will love that n dump a shit load more today