Bullish signal for Alts Others market cap shows breakout in JPY
Others shows the total crypto market cap minus top 10
(Also you could pullout timing view more and consider the macro chart which shows price is supported or risked by long term trendline support not shown here.)
You have to love that the Others price was supported by the 200 EMA so the banks got busy buying at that point pretty much nearly all alts took off as their index said buy a coffee and cake sit down and press that buy button all morning some serious buying to increase your year end bonuses. House, car, boat, plane?
JPY crypto prices signals are clearer at the moment in crypto land we got our retest of the break of the neckline so hopefully off to the races we go for first part of 2025 or does the big bad bear just knock us over. If prices fail then you know crypto is no longer the place to be and alts will be hit hardest first. The canary in the coalmine for sure. Signal will be break of the lows or the now trendline under the price action on Others market cap.
Maybe the big boys borrowed their funds in JPY carry trade and put it into crypto ?
The Head and Shoulders chart shows breakout and retest neckline
The cup and handle chart shows breakout
The targets shown depending on where you set them from … All show upwards just a case of is it 2x or 5 x – any of these numbers will do
Cycle timing suggests the Crypto alt market will finish in Oct 2025 if it follows prior cycle timings, these chart signals tell us to be careful from end of April 25 as we are in pattern over performance and maybe price runs between the green lines longer. This are guides and no certainty – based off old charting rules and rules of thumb! If any doubt say on the safe side and book profits. There will alway be more opportunities
I am turning Japanese ! those guys have got it going on! early signals when viewing charts in JPY and potentially targets better defined. However volume is still in USD but did they borrow the money from the JPYUSD carry trade? Hence the JPY signals being reliable?
Happy days ! to all Alt crypto traders out there! stay with the trend until it breaks under the 200 EMA or breaks that trendline first of course.
Stay sharp and in contact people as the big bad Bear will follow this. Then all bets are off or survive on short trades as monolithic biblical bears emerging for our first real super bear cycle in 2025 – which no one seems to be aware or talking about! but USA equites seem to be rolling over – so careful out there this year coming.