LINK vs Total Crypto Market Cap vs BTC
A comparison.
The Ichimoku cloud for LINK on the 1D chart is currently set to flip red this weekend.
Taking a quick look at our cloud on the Total Crypto Market 1D chart, our cloud is currently set to flip red as well this weekend. This will be the first time the Total Crypto Market will be turning red since last October/early November:
However, if we were to zoom out on both charts to a weekly time frame with the cloud, it shows that our cloud is still green and our bull run is currently intact through at least November:
Now you can pretty much copy and paste the current LINK chart to most other alt coins and you'd swear you were looking at LINK's chart.
Let's move over to BTC for more answers. The cloud for BTC flipped red in the 3rd week of May. This foreshadowing of things to come popped up in my chart in late April. This was the first time our cloud had flipped red since last October/November as well.
So where are we exactly? Are we at the point of complacency and anxiety and the start of the distribution phase or are we just at the point of consolidation in the middle of a longer bull run?
Short term, there's a TD9 mark flashing on almost every alt coins daily chart and a TD9 mark flashing on BTC's weekly chart currently, we're at the bottom of our bollinger bands for LINK, and our oscillators for LINK are reset and ready to go back up. Signs of a temporary recovery incoming.
Mid term, our oscillators on LINK's weekly chart need a breather. I don't think we've quite found our bottom yet. I think this summer will be spent going back to the mean.
Long term, I don't think our LINK bull run is over yet and fall/winter will be when things really get wild.
Remember there are currently future gaps on the CME BTC chart at 18k, 24k, 49k, and 61k that need to be filled. If you're plotting an outcome as to how BTC will affect the entire market, we're currently in the middle between both ends of the spectrum. The price has a 90+% chance to go to 18k and a 90+% chance to go to 61K.
As for the entire crypto market, i think we'll be retouching the 1.2T area again and I would not be surprised if we touched 800 billion before we head back up.
Good luck everyone and happy trading.
The Ichimoku cloud for LINK on the 1D chart is currently set to flip red this weekend.
Taking a quick look at our cloud on the Total Crypto Market 1D chart, our cloud is currently set to flip red as well this weekend. This will be the first time the Total Crypto Market will be turning red since last October/early November:
However, if we were to zoom out on both charts to a weekly time frame with the cloud, it shows that our cloud is still green and our bull run is currently intact through at least November:
Now you can pretty much copy and paste the current LINK chart to most other alt coins and you'd swear you were looking at LINK's chart.
Let's move over to BTC for more answers. The cloud for BTC flipped red in the 3rd week of May. This foreshadowing of things to come popped up in my chart in late April. This was the first time our cloud had flipped red since last October/November as well.
So where are we exactly? Are we at the point of complacency and anxiety and the start of the distribution phase or are we just at the point of consolidation in the middle of a longer bull run?
Short term, there's a TD9 mark flashing on almost every alt coins daily chart and a TD9 mark flashing on BTC's weekly chart currently, we're at the bottom of our bollinger bands for LINK, and our oscillators for LINK are reset and ready to go back up. Signs of a temporary recovery incoming.
Mid term, our oscillators on LINK's weekly chart need a breather. I don't think we've quite found our bottom yet. I think this summer will be spent going back to the mean.
Long term, I don't think our LINK bull run is over yet and fall/winter will be when things really get wild.
Remember there are currently future gaps on the CME BTC chart at 18k, 24k, 49k, and 61k that need to be filled. If you're plotting an outcome as to how BTC will affect the entire market, we're currently in the middle between both ends of the spectrum. The price has a 90+% chance to go to 18k and a 90+% chance to go to 61K.
As for the entire crypto market, i think we'll be retouching the 1.2T area again and I would not be surprised if we touched 800 billion before we head back up.
Good luck everyone and happy trading.
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