P73 CryptoMarket Monitor shows today one of the most expressive signals of a potential low in the crypto market.
Our algorithm, which analyzes, let us remind you, the TOP-200 crypto assets by market capitalization through the lens of the P73 Trend & Target Dynamics indicator, just showed potential low marks on the daily TF for 51 assets among them at the opening of a new daily candle. Including BTC and ETH.
After a very unexpressive and indefinite Thursday - a very interesting signal that indicates high chances of realization. But what needs to be considered is that this is the first signal out of three possible ones. That is, the market may decline from Friday to Sunday and set a low even on January 25 at 23:59 - and this will not break the signal. Therefore, to confirm, we need to see the strength of the buyer.
But overall, after such signals, we will expect that the low will be set from Friday to Sunday, that the next attempt to rise in the rebound will be genuine, and that the next week will be just the week of realization of this predicted rebound.
Out of 51 assets, we will show you 10. They are: #AAVE, #ADA, #APT, #BTC, #CFX, #DOGE, #ETH, #LINK, #STRK, #XRP.
It's easy to notice from the screenshots that they all share - a transition into a stable downtrend on the daily time frame. Over the past few days. The exception is only AAVE, which maintains an uptrend on the weekly time frame. And STRK, downtrend on the daily time frame that has been going on since December of last year. The fact that assets are in a downtrend on the daily is a serious argument that this is indeed a rebound, not the start of a long-term rise. And it is still unknown what low will be set. It is quite possible that in these three days all assets from the list will collect at least the basic targets of the downtrends on the daily time frame and then start showing a reversal on Sunday.
Is there a chance that the end of the decline is just around the corner and this is not a rebound, but a full-fledged reversal? Confirmation of long-term growth should be signals for stable uptrends. On time frames from 4-hour to, optimally, the same daily time frame. And first of all - for the market leaders, BTC and ETH.
