2021: - Started with steady uptrend - Reached first major peak around May-September - Volume during peak: 431.43B - Price level: 343.46B (266.71% growth)
2022: - Significant downtrend throughout the year - Market bottomed out around mid-2022 - Consolidation phase began
2023: - Marked by 343.46B level (464.19% reference) - Generally sideways movement with gradual accumulation - Started showing recovery signs in late 2023
2024: - Strong upward momentum - Current resistance level: 651.91B (marked as "SELL ATLS HERE PLEASE") - Volume at recent peak: 73.16B - Shows bullish trend with higher lows
Technical Indicators: 1. Major Resistance: 651.91B 2. Key Level: 343.46B (multiple touches) 3. Current Support: ~329.83B 4. Volume Profile: Decreasing from 2021 peak (431.43B) to current (73.16B)
Market Structure: - Long-term downtrend line (yellow) from 2021 peak - Current price action showing potential breakout - 16-bar cycles marked at key points - Market showing 107.62% growth potential to target
Future Projections (based on chart): - Resistance target: 651.91B - Time projection: Extended into 2025 - Potential breakthrough of long-term downtrend line
This analysis suggests we're in a significant accumulation phase with strong upward momentum, breaking previous resistance levels and showing signs of a potential larger market cycle beginning.
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