Crypto Market Going Back Into Price Discovery

December 12, 2024 12:55 am Published by Leave your thoughts

Moon

The crypto market is primed for price discovery. Something that we have not seen since 2017, and its’ going to be big.

 

The TOTAL Chart

TOTAL Crypto Chart

The crypto market spent the majority of 2024 in a very boring, descending broadening wedge. Which, are prone to break up. Which we finally did. We just retested new support and confirmed it as of now. Also note that on the TOTAL daily chart, there is hidden bullish divergence. All of this is BULLISH.

 

The TOTAL2 Chart

The TOTAL2 Chart is climbing through its resistance band. It is currently, in side the band fighting its way through. The blue line at the top, just under 1.7T is the goal, we get over that and large to mid caps go back into price discovery. There is a chance that many of the older ALTs that have been down only charts since the last bull run see new ATH’s as the suppression of the crypto market will lift. Look for the older coins that survived the bear market, have built what they set out to build and still working on their projects and have grown their use cases and communities.

 

The TOTAL3 Chart

The TOTAL3 chart is also fighting its way through it’s resistance band. Half way through, once it gets over and retests, mid caps down to lower caps go into price discovery.

 

The OTHERS chart

The OTHERS chart is in the same situation just a little behind as it is the last to hop the fence. The OTHERS chart hit resistance, retested its previous support and bounced. Now it is testing the bottom of its resistance band. Once this gets over and retests the breakout, low caps, meme coins and newly released projects will go into price discovery. They will likely have a tendency to go parabolic quickly as most of them have no real resistance in the chart structures and have low market caps. Making them moon hard.

 

On The Cusp

Note the pattern of the charts discussed. They are like a family of ducks running into the pond one by one in a line. As the TOTAL chart confirms and continues, the TOTAL2, TOTAL3 and OTHERS charts will chop through until they all clear their resistances. When you look at your coins chart, it will resemble a choppy area that is hard to trade and at times, looks like it may dump, this is a trick to scare you out of position. Don’t fall for it!

As of now, we are standing at the door of market restoration and price discovery. With all the above said, you want to be positioned now. There will still be a lot of room for gains after we get over the resistance bands in trading, yes. But for optimal results you want to be adequately positioned before hand. For various reasons, the crypto market has been suppressed. I argue that this has been the case since 2019. The last run with the NFT craze, to me was not really the market going into price discovery. This time things are a little different as governments will be forced to try and find legal frame works to allow institutions, corporations and citizens alike to participate in crypto. If the USA does it, USA’s competitors have to do it. Or they risk getting left behind.

 

Fire Everything!

Fire everything

As stated above. It’s time to be in where you need to be positioned. It is also time for projects to promote, market and shill everywhere. Crypto is entering a different market. As we speak, investors all over are salivating and waiting to enter the market. I would elect that many are already in, off the books of course. Until full legal frameworks are drawn up under the new trump administration. Once this is done other countries will follow suit.

Be Ready.

 

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This post was written by BlockAdvisor

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