The only chart that scares me 🤔 despite everything looking good

January 2023 has been epic so far for most crypto and a lot of activities on the chart looks promising. We've started seeing golden crosses popping up🙂. Technically, we are above the 200Day-Ma already which is amazing. However, scrolling through my twitter a couple of days ago, I saw a chart that made me reconsider going all in😩- I've been buying every weekend since Christmas 🎅 😎 and not long ago, i decided to just f"ck it and buy everything at a go since the chart has been looking good. It wouldn't matter if you bought Hive at $0.33 or 0.28 when Hive trades above $7 in 2025😇 right? Or buying BTC at 20k or 16k when we know that in 2025,there's a big chance that it's gonna get to 96k and above.

The Chart

Here's the weekly chart of the total market cap. It's printing a rising wedge which 85% of the time swings down and fast... I'm not trying to scare anyone, it's crypto, anything can happen. No one knows exactly what is going to happen in next few minutes, or hours or days. Note:I'm not a financial advisor. All what I post are for educational purposes and for fun. Take it with a grain of salt and think about your next move. We might see another leg down one last time 🙂. One last bitter sweet experience before we moon hard to 30k and beyond. It's bitter sweet cus every dip in a bear market is an opportunity of a life time😇 and I find it weird seeing people panic at opportunities😂

However, there are other charts that excites me🙂.

image source

On the monthly, it looks as if we're printing a bullish megaphone( credit to @thescalpingpro on Twitter for the picture😇) ... If it plays out, We are definitely gonna break $100k just few weeks after the bitcoin halving next year. Everything looks nice for now tho..

Do have a terrific week ahead, I'll catch you on the next one. Ciao ✌