- We have a tremendous confluence to buy cryptocurrencies for a long term at this moment!
- It is a common thing to test the previous all time high (in this case from 2018) on the weekly chart.
- 200 moving average is considered as a strong support by huge instituions and hedge funds and bulls successfully defended this area!
- 0.382 FIB retracement is also a noticable support level on the LOG scale.
- As per my Elliott Wave analysis – ABC correction has been completed on the macro scale and now we are ready for another bull market!
- We have a falling wedge or a bullish flag – noticeable patterns on the weekly chart.
TOTAL crypto cap – New bull market! Bull flag + Elliott wave
Professional trader and analyst. My specialization is in Elliott Wave Theory, Fibonacci tools, chart patterns, candlesticks, and price action. To analyze market structure, I use market profile and volume profile in my trading system. To analyze trends, I use trendlines, VWAP, and simple moving averages.