Price action on the TOTAL chart now comfortably above the c&h

2024年11月12日

Price action is now knocking on the door of 3 trillion for the total crypto market cap. We can see also that now that price action is reasonably above the rimline of this massive cup and handle pattern, and has also closed a weekly candle above it now as well, that we are likely to soon validate the breakout of this pattern and star climbing towards its breakout target of 4.6 trillion. I think Brad Garlinghouse was anticipating the total market cap nearing 5 trillion by end of 2024 and that target is not that far off. I will link some previous total market cap charts below so you can see other macro patterns we are also heading towards with an even higher target than this cup and handle. *Not financial advice*

2024年11月17日

交易進行

Notice how right when the weekly golden cross (orange line crosses above blue line) occurred we instantly had an extended pump up to the cups rimline? Well we just recently had another golden cross bu on the 1day time frame(not shown here), and it also coincided with an instant pump up from the handle all the way up to breaking above the cup and handle rimline. What I’ve noticed after studying golden crosses over the years is that they tend to not be validated and sustained until usually many more candles after the one the cross occurs on, but recently I’ve been seeing a lot of crosses coincide with a big pump the exact same day of the cross. It brings e to a conclusion that during the 2nd parabolic phase of a bull market seems to be when golden crosses consistently lead to immediate pumps and during every other market phase they take a little time to react to them.