Token Metrics Trade Updates

❗️ Bought some #ESE at the $0.09 support! The price is about to break through the falling wedge. Staying strong above the the level. Weekend trade.

💭 «What about #FTM? please update chart» — There is an ascending trend line that held the price for quite some time. This is the perfect entry point. You can also consider entering at the red line breakout

💭 "When will Altcoinseason start?" — In the second half of Q2 2024. Either Bitcoin pumps or dumps from current points, it will cause a pump of Bitcoin Dominance anyway. Altcoins will start pumping only after Bitcoin make a final move.

🐵 At the 19th of April (before the halving), the average cost to of Bitcoin Production was $64,000. An electricity part of this sum was $38,600. As we all know, the Average Bitcoin Production (ABP) cost gradually increases after the Halving. After the recent two Halvings, a part of electricity in ABP increased by +65% in 2016 - 2018 and by +50% in 2020 - 2022. By doing simple maths, we can expect an increase of electricity part on ABP to $58,000. Want to remind you that historically, Bitcoin has only touched the electricity cost lines only a few times for a short period of times.

Looking forward to what this Halving will bring!

✔️ S&P500 dumped right to the EMA100 on the Daily chart and bounced from there. I know that it was said many times already, but I believe the correction on Bitcoin is coming to the end.

👨‍💻 We can expect another wave of dump on the S&P500 chart. There is a strong support at 5000 which corresponds with opened gap and EMA100 on Daily chart. It is quite important chart for Bitcoin and the whole crypto market because many recent movements on Bitcoin was caused by S&P500.

💭 After a strong Open Interest wipe out on Altcoins, the market slowly comes to the normal state. There is no point in being a hero and trying to trade every candle. It is better to rest and recharge. Have some time with your beloved ones, there is Spring outside. @Crypto_noble

📈  TOTAL 2 GLOBAL CHART 2020 VS 2024 Perfect fractal is formed on the Altcoin MarketCap chart: - Falling Wedge that started forming right above the top formation - Double Top that set a global resistance - Breakout of the resistance - Retest of the broken resistance We are now located right at the retest phase, ready to start a massive growth in coming weeks. Just some hopium we all craving these days.