CRYPTO-CAP, Upcoming Scenarios, How Potential A-T-H Establishes!
Hello,
Welcome to this analysis about the TOTAL CRYPTO MARKET CAP which includes BTCUSD and its 4-hour timeframe perspectives. As I discovered the Crypto-Cap has formed some quite interesting developments as it was near the all-time-high region before the bearish dump to the downside finally emerged. Now in this whole structure I detected an important formation forming that can lead the Crypto-Cap to new all-time-highs sooner or later nevertheless for now it is important to keep patient and elevate how the Crypto-Cap develops in the near future before rushing into trades that do not satisfy, therefore I determined all the important levels, upcoming establishments and possible scenarios we should consider.
When looking at my chart now we can watch there how the Crypto-Cap has its all-time-high within the 2.484 TRILLION regions as marked in blue in my chart, therefore, the total crypto-cap came nearer to its all-time-high region than for example it is the case with Bitcoin. After the dump has shown up here the Crypto-Cap moved on to test the dynamic ascending-support-zone marked in blue in my chart which it already marked several times as support before. Now the total Crypto-Cap is also within this main descending-channel-formation marked with the boundaries in dashed dar grey, within this channel the Crypto-Cap has its coherent wave-count to the downside with the wave A already completed and with the wave B forming now, this wave B will directly run into the resistance cluster from where a pullback will be highly likely which then will mark the beginning of the wave C to the downside testing the dynamic support-zone anew, this will be crucial because this zone needs to hold for the Crypto-Cap to bounce and form a breakout above into the bullish direction which can lead to a new all-time-high here, otherwise when the support does not hold the bearish pressure will continue and this will lead to a wave-C-extension.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
Welcome to this analysis about the TOTAL CRYPTO MARKET CAP which includes BTCUSD and its 4-hour timeframe perspectives. As I discovered the Crypto-Cap has formed some quite interesting developments as it was near the all-time-high region before the bearish dump to the downside finally emerged. Now in this whole structure I detected an important formation forming that can lead the Crypto-Cap to new all-time-highs sooner or later nevertheless for now it is important to keep patient and elevate how the Crypto-Cap develops in the near future before rushing into trades that do not satisfy, therefore I determined all the important levels, upcoming establishments and possible scenarios we should consider.
When looking at my chart now we can watch there how the Crypto-Cap has its all-time-high within the 2.484 TRILLION regions as marked in blue in my chart, therefore, the total crypto-cap came nearer to its all-time-high region than for example it is the case with Bitcoin. After the dump has shown up here the Crypto-Cap moved on to test the dynamic ascending-support-zone marked in blue in my chart which it already marked several times as support before. Now the total Crypto-Cap is also within this main descending-channel-formation marked with the boundaries in dashed dar grey, within this channel the Crypto-Cap has its coherent wave-count to the downside with the wave A already completed and with the wave B forming now, this wave B will directly run into the resistance cluster from where a pullback will be highly likely which then will mark the beginning of the wave C to the downside testing the dynamic support-zone anew, this will be crucial because this zone needs to hold for the Crypto-Cap to bounce and form a breakout above into the bullish direction which can lead to a new all-time-high here, otherwise when the support does not hold the bearish pressure will continue and this will lead to a wave-C-extension.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.
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