#ALTS MARKET CAP ANALYSIS
Alts market cap is trading in a symmetrical triangle. It got rejected from the trendline resistance. Currently, it is holding above the MA 100 and the Ichimoku cloud.
MACD crossover is losing bullish momentum. RSI also coming down from the overbought region. Further consolidation is expected in the triangle if bulls are unable to do a solid breakout.
ByBit USDT
#STMX/USDT
All take-profit targets achieved 😎
Profit: 102.5% 📈
Period: 1 Days 10 Hours 4 Minutes ⏰
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Binance Futures, ByBit USDT, KuCoin Futures
#STMX/USDT
Take-Profit target > 4 ✅
Profit: 81.25% 📈
Period: 20 Hours 25 Minutes ⏰
🔥
KuCoin Futures
#SSV/USDT
All take-profit targets achieved 😎
Profit: 81.5744% 📈
Period: 5 Days 18 Hours 57 Minutes ⏰
🔥
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Binance Futures, KuCoin Futures
#IMX/USDT
Take-Profit target > 2 ✅
Profit: 38.2166% 📈
Period: 1 Hours 46 Minutes ⏰
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ByBit USDT
#RUNE/USDT
All take-profit targets achieved 😎
Profit: 124.8627% 📈
Period: 13 Days 9 Hours 30 Minutes ⏰
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After yesterday's FED HIKES BY 25 BPS market has been having high volatility.
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The #Bitcoin Realized Cap currently sits just shy of $400B, indicating that a steady stream of capital is entering the asset throughout 2023.
As the realized cap climbs, it signals that coins are changing hands at higher prices on net, suggesting a modest uptick in new demand inflow this year.
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Again‼️
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#Educational_Post
Double Top
🔅A double top is a bearish technical reversal pattern.
🔅It is not as easy to spot as one would think because there needs to be a confirmation with a break below support.
🔅In the chart above you can see that two tops were formed after a strong move up.
🔅Notice how the second top was not able to break the high of the first top.
🔅This is a strong sign that a reversal will occur because it's telling us that the buying pressure is just about to finish.
🔅With the double top, we would place our entry order below the neckline because we are expecting a reversal of the uptrend.
🔅In the case of a Double Top chart pattern, the stop loss should be placed at the previous high of the pattern.
🔅The limitation for the target will be the previous Support level which was formed before by the price action.
#IMX/USDT
#LONG
Entry: 0.7850-0.7650
Stoploss: 0.7350
Targets : 0.7950, 0.8050, 0.8170, 0.8350, 0.8550
Leverage : Cross 20x
Binance Futures, ByBit USDT, KuCoin Futures
#OGN/USDT Stoploss ⛔
Loss: 149.7797% 📉
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ByBit USDT
#LINK/USDT
All take-profit targets achieved 😎
Profit: 169.4611% 📈
Period: 5 Days 13 Hours 29 Minutes ⏰
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ByBit USDT
#ZEN/USDT
All take-profit targets achieved 😎
Profit: 162.3037% 📈
Period: 1 Days 16 Hours 25 Minutes ⏰
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