Crypto market reversal targets?
Crypto market reversal between June 28th - Sept 12th & between USD 2055 - USD 2900 ?
The price passed point B level for this Deep Crab Bullish pattern.
One may ask: Who wouldn't buy cryptocurrencies if BTCUSD goes down to USD 2055 to 2900 and buying signals then show up? ;)
I have adjusted the timing on the PRZ box between 1.618 and 3 here...
I have not adjusted the timing on the TPs boxes, only their levels...
The current bearish trend would then suggest TP1 at the lower edge of the TP1 box and TP final on it's upper edge.
If considering we would then be in a bullish trend, TP1 somewhere in the TP1 box (max TP1 on it's upper edge) and TP Final somewhere in the TP FINAL box.
(Disregard the TARGET MAX line and the 2 arrows nearby)
It's nice to dream right?
I did this analysis on BTCUSD since BTC rule the crypto world so strongly, but in my mind, I consider the 'results' or 'outputs' on the crypto market cap.
I personally have low faith on BTC specifically long term with the increased fiat pairs coming and other fundamental reasons.
My crystal ball says to consider the results/outputs here to the overall crypto market cap as the reversal could get triggered by the flodding of FIAT pairs; if that means anything...
The price passed point B level for this Deep Crab Bullish pattern.
One may ask: Who wouldn't buy cryptocurrencies if BTCUSD goes down to USD 2055 to 2900 and buying signals then show up? ;)
I have adjusted the timing on the PRZ box between 1.618 and 3 here...
I have not adjusted the timing on the TPs boxes, only their levels...
The current bearish trend would then suggest TP1 at the lower edge of the TP1 box and TP final on it's upper edge.
If considering we would then be in a bullish trend, TP1 somewhere in the TP1 box (max TP1 on it's upper edge) and TP Final somewhere in the TP FINAL box.
(Disregard the TARGET MAX line and the 2 arrows nearby)
It's nice to dream right?
I did this analysis on BTCUSD since BTC rule the crypto world so strongly, but in my mind, I consider the 'results' or 'outputs' on the crypto market cap.
I personally have low faith on BTC specifically long term with the increased fiat pairs coming and other fundamental reasons.
My crystal ball says to consider the results/outputs here to the overall crypto market cap as the reversal could get triggered by the flodding of FIAT pairs; if that means anything...
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