TOTAL CRYPTO market cap, in trouble ?
This is the 4 hour chart from, on the left, the Low after the FTX Scam to current PA and as you can see, even though people are worried, PA has not even retraced back to the 382.
There is a possibility that the next few weeks may well see PA drop lower and there is as much chance it may go higher
Fact remains, PA is approaching OVERSOLD and as you all know ( mostly) this means ability to go up under the right circumstances
What is amazing is how, as seen on this, the bears tried taking it lower but the Bulls stepped right back in. We have Support Still.
The DXY will be the trigger for the next few weeks now while we wait for the expected 25 point rise
Bitcoin, in its own right, is in a very similar position to this chart. The possibility exists of a pull back to the 2017 ATH line, around 20K and under catastrophic circumstances, 16K but this would be extreme.
Lets see how the week closes before we make to many choices I say
There is a possibility that the next few weeks may well see PA drop lower and there is as much chance it may go higher
Fact remains, PA is approaching OVERSOLD and as you all know ( mostly) this means ability to go up under the right circumstances
What is amazing is how, as seen on this, the bears tried taking it lower but the Bulls stepped right back in. We have Support Still.
The DXY will be the trigger for the next few weeks now while we wait for the expected 25 point rise
Bitcoin, in its own right, is in a very similar position to this chart. The possibility exists of a pull back to the 2017 ATH line, around 20K and under catastrophic circumstances, 16K but this would be extreme.
Lets see how the week closes before we make to many choices I say
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