Is Cryptocurrency Market have Appointment to Achieve NEW ATH?!
Hello Tradingview community, for these people who follow us closely they know our personal view still remains bearish, but they know also we always trading what happing due to we have clear rules we set for expectations, etc and we believe there is no one who can't impose his view or force it to happen in the market
( You cannot impose what you expect or force it to happen or forcing reality to change. )
Today we will take a look at the Total market cap for Crypto, and as we see Cap back to retest this resistance line at 2.527T but this time there mixed patterns appear on the chart like inverse H&S and C&H pattern both are bullish patterns which make things positive for a while as you know this CUP and handle is a very popular pattern in the market as like H&S, etc and it discover by William J. O'Neil since 1988
But we are not here today to lecture on the history of these patterns,
But to tell you what to do based on it so About chart and movement possibilities!
if you checked coins like BTC and ETH and many coins you will see them showing the same patterns C&H or bullish H&S which make them linked to one thing is the total market cap!
So if bulls got breakout all of these coins will go to achieve new ATH probably like Market cap we will see it at $3.20T $3.8T and for sure it will be amazing and we will see BTC replace amazon or silver easily!
for a while, things look interesting and this makes you feel you want to sell your house and everything and go full into crypto right?!
unfortunately, you will need to think twice before doing that, and here is why!
let us take a look from the bearish side, and what happened before, all of us saw most of the coins here already Come a long way since 2017/2020 most of them did massive gains! and current movement showing they move below their major resistance not breakout yet!
So if this pattern failed and the price gets another reject all of this bullish view will be turned to be scary bearish and to know how scary bearish looks check what happened after 2013/2017 ATH, Yes, we know you say it recover and did massive gains! but we would ask you do you will be this strong guy who will hold without panic during all this time until the market gets recovery, do you will be good when you see your money get low day after day in front of your eyes?!
if you will be fine, then don't care about what we try to explain here! if not then be sure you have a plan before deciding to take any step!
set the plan then trade it! that's all!
for traders!
if you have your coins from good entry then keep it and for sure secure your profits.
if you don't have any coins and looking for buy, wait for breakout confirmation then join from retesting breakout!
👨💻 About personal opinion,(Biased view, Subject to fail)
we still bearish until the breakout is confirmed.
Remember,
The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person. for us, we extract both sides and we define the best buy /sell zone and trade based on that, and what we care about is what happens.
As analysts, we have to explain both bullish and bearish directions, and if there is a chance to give a personal prediction for the next movement we will do as like previous analyses. Also, you do not have to worry about what or how i think, but you have to worry about what is happening and what you can do based on it. So, Be bullish or bearish as you want, But be sure you cannot impose what you want or force it to happen. so be ready for everything.
Ps:
We don't short btc or using leverage or trading BLV tokens!! our signals for spot trading only.
Also, The TA updates are an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else. as analysts, we have to explain both bullish and bearish directions, and if there is a chance to give a personal prediction for the next movement we will do as like previous analyses.
This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism. Remember that the Cryptocurrency market is very volatile and not suitable for everyone, so be aware of what you will do before you start.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
( You cannot impose what you expect or force it to happen or forcing reality to change. )
Today we will take a look at the Total market cap for Crypto, and as we see Cap back to retest this resistance line at 2.527T but this time there mixed patterns appear on the chart like inverse H&S and C&H pattern both are bullish patterns which make things positive for a while as you know this CUP and handle is a very popular pattern in the market as like H&S, etc and it discover by William J. O'Neil since 1988
But we are not here today to lecture on the history of these patterns,
But to tell you what to do based on it so About chart and movement possibilities!
if you checked coins like BTC and ETH and many coins you will see them showing the same patterns C&H or bullish H&S which make them linked to one thing is the total market cap!
So if bulls got breakout all of these coins will go to achieve new ATH probably like Market cap we will see it at $3.20T $3.8T and for sure it will be amazing and we will see BTC replace amazon or silver easily!
for a while, things look interesting and this makes you feel you want to sell your house and everything and go full into crypto right?!
unfortunately, you will need to think twice before doing that, and here is why!
let us take a look from the bearish side, and what happened before, all of us saw most of the coins here already Come a long way since 2017/2020 most of them did massive gains! and current movement showing they move below their major resistance not breakout yet!
So if this pattern failed and the price gets another reject all of this bullish view will be turned to be scary bearish and to know how scary bearish looks check what happened after 2013/2017 ATH, Yes, we know you say it recover and did massive gains! but we would ask you do you will be this strong guy who will hold without panic during all this time until the market gets recovery, do you will be good when you see your money get low day after day in front of your eyes?!
if you will be fine, then don't care about what we try to explain here! if not then be sure you have a plan before deciding to take any step!
set the plan then trade it! that's all!
for traders!
if you have your coins from good entry then keep it and for sure secure your profits.
if you don't have any coins and looking for buy, wait for breakout confirmation then join from retesting breakout!
👨💻 About personal opinion,(Biased view, Subject to fail)
we still bearish until the breakout is confirmed.
Remember,
The person who is obsessed with bullish thought can extract 10000 scenarios for bullish movement and the same with a bearish person. for us, we extract both sides and we define the best buy /sell zone and trade based on that, and what we care about is what happens.
As analysts, we have to explain both bullish and bearish directions, and if there is a chance to give a personal prediction for the next movement we will do as like previous analyses. Also, you do not have to worry about what or how i think, but you have to worry about what is happening and what you can do based on it. So, Be bullish or bearish as you want, But be sure you cannot impose what you want or force it to happen. so be ready for everything.
Ps:
We don't short btc or using leverage or trading BLV tokens!! our signals for spot trading only.
Also, The TA updates are an explanation for market movement(not mean buy or sell) We will tell you to buy or not through a clear signal with clear targets and stop-loss risk management, etc, not anything else. as analysts, we have to explain both bullish and bearish directions, and if there is a chance to give a personal prediction for the next movement we will do as like previous analyses.
This is not financial advice, The purpose of these Charts is to give you an idea about coin movement (not buy or sell signal) so before following any idea be sure to do your own research, and follow your risk management. Also, the information we mentioned here is a personal effort that is subject to success or failure and we welcome constructive criticism. Remember that the Cryptocurrency market is very volatile and not suitable for everyone, so be aware of what you will do before you start.
Good luck to all.
🙏we ask Allah reconcile and repay🙏
👋 Be a trader, not a gambler, by following risk/capital management!!
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏
🎉Get Your Discount Today! (Limited offer)
t.me/PCS_Signals_Results/6922
We ask Allah reconcile and repay ❤️🙏
“People hate to think about bad things happening so they always underestimate their likelihood.”
— Jamie Shipley, The Big Short ✍️
“Whenever you find yourself on the side of the majority, it is time to reform (or pause and reflect).”
― Mark Twain ✍️
“You never know what kind of setup market will present to you, your objective should be to find an opportunity where risk-reward ratio is best.”
– Jaymin Shah✏️
“Confidence is not "I will profit on this trade." Confidence is "I will be fine if I don't profit from this trade.”
― Yvan Byeajee,✏️
“Trade What’s Happening… Not What You Think Is Gonna Happen.”
– Doug Gregory ✒️
🙏we ask Allah reconcile and repay🙏