Crypto PM
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📉 Crypto Total Market Cap (Excluding $BTC ) 📈
Time Frame: Weekly (High Time Frame - HTF)
Market Outlook & Trade Setup
The current market structure reflects a phase of despair, frustration, and forced liquidations, a textbook move by Market Makers (MMs) to shake out weak hands. This weekly chart indicates that most short-term leveraged players have been eliminated, creating an environment ripe for accumulation.
Key Technical Insights
✅ Pivot Support Zone: Holding above a crucial weekly pivot support, aligning with historical demand zones.
✅ Weekly EMA 100: Acting as dynamic support, a critical level for trend continuation.
✅ Volume Profile: Suggests strong interest in the current accumulation range, with liquidity concentration around $900B-$1T.
✅ Max Downside Risk: Further 10-15% downside remains the maximum pain scenario, aligning with historical corrections before reversals.
Trade Strategy
🔹 Accumulation Phase: Deploy capital wisely into high-conviction altcoins within this zone.
🔹 Risk Management: Staggered entries in case of further downside; avoid excessive leverage.
🔹 Profit Horizon: Hold for the next few months targeting multi-fold gains once market sentiment shifts bullish.
🔹 Invalidation: A weekly close below the pivot support would warrant reassessment.
Conclusion:
This chart suggests we are either at or very near the cycle bottom for altcoins. Patiently accumulating in this zone could yield significant gains as the market gears up for the next expansion phase.
#CryptoMarketWatch #MtGoxTransfers #MarketPullback
Time Frame: Weekly (High Time Frame - HTF)
Market Outlook & Trade Setup
The current market structure reflects a phase of despair, frustration, and forced liquidations, a textbook move by Market Makers (MMs) to shake out weak hands. This weekly chart indicates that most short-term leveraged players have been eliminated, creating an environment ripe for accumulation.
Key Technical Insights
✅ Pivot Support Zone: Holding above a crucial weekly pivot support, aligning with historical demand zones.
✅ Weekly EMA 100: Acting as dynamic support, a critical level for trend continuation.
✅ Volume Profile: Suggests strong interest in the current accumulation range, with liquidity concentration around $900B-$1T.
✅ Max Downside Risk: Further 10-15% downside remains the maximum pain scenario, aligning with historical corrections before reversals.
Trade Strategy
🔹 Accumulation Phase: Deploy capital wisely into high-conviction altcoins within this zone.
🔹 Risk Management: Staggered entries in case of further downside; avoid excessive leverage.
🔹 Profit Horizon: Hold for the next few months targeting multi-fold gains once market sentiment shifts bullish.
🔹 Invalidation: A weekly close below the pivot support would warrant reassessment.
Conclusion:
This chart suggests we are either at or very near the cycle bottom for altcoins. Patiently accumulating in this zone could yield significant gains as the market gears up for the next expansion phase.
#CryptoMarketWatch #MtGoxTransfers #MarketPullback
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.