2024-5-12 11:30 |
A prominent crypto analyst, known as the “Titan of Crypto” on X, has identified two crucial metrics that could signal the start of a significant rally in the cryptocurrency market. In a recent post, the analyst with the handle @Washigorira shared their insights, drawing from historical market patterns.
According to the analyst, when the total cryptocurrency market capitalization meets two specific conditions, it has historically marked the beginning of a bullish trend. The first condition is a retest of the 20-period exponential moving average (EMA20), a widely used technical indicator that measures the market’s momentum.
.rh-colortitlebox{margin-bottom:30px;background:#fff;line-height:24px;font-size:90%}.rh-colortitlebox .rh-colortitle-inbox{display:flex;align-content:center;padding:15px;font-weight:700;font-size:110%; line-height:25px}.rh-colortitlebox .rh-colortitle-inbox i{line-height:25px; margin:0 10px; font-size:23px}.rh-colortitlebox .rh-colortitle-inbox svg{width:25px;margin-right:10px}.rh-colortitlebox .rh-colortitle-inbox-label{flex-grow:1}.rh-colortitlebox .rh-colortitlebox-text{padding:20px}.rh-colortitlebox-text>*{margin-bottom:20px}.rh-colortitlebox-text>:last-child{margin-bottom:0} New Meme Coin to Watch Aiming to be Next $BONK, $WIF or $MEW.rh-toggler-open{height:auto !important} .rh-toggler-open .rh-tgl-show, .rh-toggler-open .rh-tgl-grad{display:none !important} .rh-toggler-open .rh-tgl-hide{display:block !important} .rh-tgl-show, .rh-tgl-hide{cursor:pointer} .rh-contenttoggler *{box-sizing: border-box !important} .rh-toggler-wrapper{overflow: hidden;transition: all 0.5s ease; padding-bottom: 35px; margin-bottom:30px;box-sizing: content-box !important;position: relative;} .rh-toggler-wrapper p:last-of-type {margin-bottom: 0;}Milei Moneda is a new meme coin inspired by the political and economic views of Javier Milei, an Argentine president known for his libertarian and pro-Bitcoin stance. You have an opportunity with the ongoing low presale price to get in early!
Sponsored
Show more +Show less –The second condition involves the Stochastic Relative Strength Index (Stochastic RSI), an oscillator that tracks the momentum of price movements. The analyst suggests that when the Stochastic RSI crosses over into bullish territory on the weekly timeframe, it could be a signal for a potential rally.
The Titan of Crypto’s analysis is backed by evidence from previous market cycles. They noted that this combination of factors preceded major rallies in 2017 and 2020, lending credence to the potential for a similar trend to emerge. With these, Bitcoin and altcoins could start rallying anytime from now.
Read Also: Expert Predicts Cardano’s ADA Price to Surge 15x: Here’s Their Outlook
While technical analysis is not an exact science, the analyst’s observations have garnered attention from the crypto community. Many investors closely monitor such indicators to identify potential entry and exit points.
Hunting for a small cap coin that could explode 10x? We’ve unveiled a few last week alone.
Get all our future calls by joining our FREE Telegram community.
ICO stage, offering tokens at a discounted price
Facilitates a smooth and efficient economy within the arcade, supporting both arcade and in-game transactions.
Grants access to a diverse range of gaming experiences in the Rebel Satoshi Arcade,
Contributes to a decentralized, community-driven RebelSatoshi platform that integrates gaming with elements of revolution, freedom, and unity, appealing to users who value such principles.
The post Major Bitcoin (BTC) Rally Is Finally Starting: These Two Metrics Reveal There’s No Going Back appeared first on CaptainAltcoin.
Similar to Notcoin - TapSwap on Solana Airdrops In 2024
Two Prime FF1 Token (FF1) на Currencies.ru
|
