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Kashia
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This is a chart of the total market cap of cryptocurrencies excluding Bitcoin. If the total cap exceeds 1 Trillion then #altcoins will start to go up significantly 🔥 Source: TradingView #crypto #bitcoin
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Reversal Patterns - Indicates a potential change in direction. 1️⃣ Double Top - A bearish pattern that forms two peaks at the same resistance level before falling. 2️⃣ Shoulder-Head-Shoulder - A bearish pattern with three peaks (left shoulder, head, right shoulder), confirming a reversal of direction after a break of the neckline. 3️⃣ Rising Wedge - A narrow rising channel indicating a bearish reversal when price breaks down. 4️⃣ Double Bottom - A bullish pattern that forms two lows at the same support level before rising. 5️⃣ Inverted Shoulder-Head-Shoulder - A bullish pattern that indicates a reversal of direction after a break of the neckline. 6️⃣ Falling Wedge - A narrow bearish pattern leading to a bullish breakout. 🔄 Continuation Patterns - Indicates the likelihood of a continuation of the current trend. 1️⃣ Falling Wedge - A bullish continuation pattern where price consolidates in a downward channel before breaking out higher. 2️⃣ Rising Rectangle - Price moves horizontally within a horizontal range before breaking out higher. 3️⃣ Rising Flag - Forms a small triangle after a strong rally, indicating further growth on a breakout. 4️⃣ Rising Wedge - A bullish continuation pattern where price consolidates in a narrow ascending channel before breaking out lower. 5️⃣ Falling Rectangle - Price is consolidating in a horizontal range before breaking down. 6️⃣ Falling Flag - A symmetrical small triangle that forms after a strong decline, leading to a continuation of the decline. 🔀 Double Patterns - Can lead to a breakout in either direction. 1️⃣ Rising Triangle - A pattern with horizontal resistance and rising lows, leading to a potential breakout in either direction. 2️⃣ Falling Triangle - Characterized by horizontal support and falling highs, with the direction of the breakout depending on market conditions. 3️⃣ Symmetrical Triangle - A neutral pattern with converging trendlines, indicating an impending breakout, but the direction is uncertain. #crypto #analysis
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