Markets have rolled over after the COIN listing. A cascading liquidation event fueled this due to excess open interest. It was made apparent that this rally was fueled primarily by derivatives, and eventually, the market ran out of buyers.
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MMR
BNB has entered parabolic ascent once again after breaking through its triangle consolidation at ~350. After breaking through 500, BNB has displayed exceptional strength heading into the new week in anticipation of the Coinbase IPO.
Crypto has seen a bit of a consolidation period for the past few weeks; this is nothing out of the norm. As BTC attempts to push higher we may see the end of this consolidation period.
Crypto has seen a bit of a consolidation period for the past few weeks; this is nothing out of the norm. Prices can’t go up forever, and a healthy consolidation turns previous resistance into solid support.
If NQ can break the secondary downtrend and retake the 12,900 level, crypto should look EXTREMELY bullish. Overall, BTC and ETH look reasonably healthy, and I think many altcoins show relative strength against BTC and ETH.
I am not running to the bank to smash the bid button yet, but I really like the bounce we got today. If we can confirm the breakout, I will remain EXTREMELY bullish. -- @GoonTrades
This can be expected when viewing the TOTAL2 altcoin market cap chart, as we have just begun the "10,000% + breakout." -- @GoonTrades latest Monday Market Recap calls for insane Altcoin moves.
Yesterday's "sell-off" got absorbed quite quickly, leaving a ~5% wick on BTC. Buyers promptly stepped up and defended key areas of support during the liquidation event, maintaining my overall bullish market outlook.
I found myself deleting a CAKE chart in this article. It was so bullish that no technical analysis would benefit outside of the fundamental backdrop driving the success of CAKE.
Check out GoonTrades' latest article to his series "Monday Market Recaps" (MMR). This weekly post will contain his insight on the overall crypto markets and the BSC through technical analysis.
Check out GoonTrades' latest article to his series "Monday Market Recaps" (MMR). This weekly post will contain his insight on the overall crypto markets and the BSC through technical analysis.
This series will track each of the founders' individual investments, and one winner will be crowned after two weeks. The winner will receive 50% of all total profits, and BSCNews will give away the other 50% of profits.
Check out GoonTrades' latest article to his series "Monday Market Recaps" (MMR). This weekly post will contain his insight on the overall crypto markets and the BSC through technical analysis.
Check out GoonTrades' latest article to his series "Monday Market Recaps" (MMR). This weekly post will contain his insight on the overall crypto markets and the BSC through technical analysis.
Check out GoonTrades' latest article to his series "Monday Market Recaps" (MMR). This weekly post will contain his insight on the overall crypto markets and the BSC through technical analysis.
Check out GoonTrades' latest article to his series "Monday Market Recaps" (MMR). This weekly post will contain his insight on the overall crypto markets and the BSC through technical analysis.
Check out GoonTrades' latest article to his series "Monday Market Recaps" (MMR). This weekly post will contain his insight on the overall crypto markets and the BSC through technical analysis.
Check out GoonTrades' latest article to his series "Monday Market Recaps" (MMR). This weekly post will contain his insight on the overall crypto markets and the BSC through technical analysis.
Check out GoonTrades' debut article to his series Monday Market Recaps (MMR). This weekly post will contain his insight on the overall crypto markets and the BSC through technical analysis.
