$BTC Extremely Bullish Daily Close - Parabola Underway?Hawt diggity dayumm 🥵
CRYPTOCAP:BTC really going for it following my original idea behind the parabola formation 🤯
Reclaiming ATH high at $112k will confirm the move 🤞
Bananazone
Raoul Pal's Big Banana. $100 Trillion dollars Crypto market.And how on earth do we reach that point?
Is Raoul's thesis regarding the exponential age accurate, suggesting we have until 2030 to invest and reap the benefits; so "don't F@ck this up!"
As a charting enthusiast, I am eager to see if there exists a technical foundation that could allow us to teleport to those levels and estimate how many years it might take.
Let's examine the entire crypto market, which includes everything from stable coins to tangible real world assets like Gold.
We can distinctly identify three significant consolidation patterns.
Rising wedge #1
a sideways pennant
rising pennant #2
Now, considering this is a logarithmic chart.
It provides us with logarithmic amplitudes and projections.
An amplitude is a calculated move based on the boundaries of the consolidation pattern.
Essentially, it involves taking the top and bottom width and applying it to the breakout point for a rising pattern.
In a #HVF, we utilise the midline of the funnel to forecast targets.
The projections illustrated on this chart pertain to the sideways pennant, employing the flagpole to establish our target.
It is this sideways pennant pole projection that leads us to 100 trillion dollars and beyond. Test it out for yourself if you find it hard to believe these figures could become a reality :)
So there we have it; yes, 100 trillion dollars may appear excessively optimistic and fantastical, especially since we are currently at 3.28 trillion dollars.
However, the charts indicate that Crypto could indeed be the sector where the majority of financial transactions take place in the forthcoming exponential future.
$BTC Historic Daily Close Above ATH - Pullback Warning*HISTORIC Daily Close for ₿itcoin marking a new ATH 🥇
Some hefty volume poured in as the Golden Cross nears.
If CRYPTOCAP:BTC breaks down from this impulsive trend we should see a pullback to the .786 Fib ~$102k to confirm this new ATH.
Bulls need the Weekly Close above $109k to prevent that.
Nonetheless, this confirms the start of the parabola I’ve mentioned over the past month in my analysis 💯
Next big target is the 1.618 Fib ~$130k 🤑
Congrats Hodlers 🥳
$TOTAL Crypto Market Cap - Banana Zone or Bull Trap!?Massive day for CRYPTOCAP:TOTAL Crypto Market Cap with 9% move UP, breaking above the 200DMA and last cycle’s ATH.
Got rejected at the .618 Fib ~$3.19T, so work still needs to be done to confirm this region.
Expect a retest at $3T to decide if the market goes to $3.2T or back down to $2.85T
As I've been saying this past month, this is either the biggest bull trap all cycle, or it's the start of the PARABOLA 🍌
Are we there yet? My bags are fully packed. LFG!I have been waiting to long for this to break out.
it feels like this is about to finally send over the next 8 months or so. Last chance to load up for this potential 10X
My buy and sell zones are clearly marked. but what I have painfully learned is that price is less important than time. I don't care what the price is at the end of the year, whether that be way under my targets or not.
-buy now
-sell >75% in December.
simple.
