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Crypto market remains up after recent sideways consolidation

Crypto market remains up after recent sideways consolidation
Gregor HorvatGregor HorvatWavetraders

Last week before holidays we warned our members about bullish Crypto market and corrective sideways consolidation within uptrend, which we see saw as bullish setup formations of different degrees.

Crypto total market cap 1H chart from April 07 2023

Chart

As you can see today after holidays, Crypto market is breaking higher in an impulsive fashion. With a break above March highs, seems like Crypto market is unfolding a new five-wave bullish impulse of different degrees. So, as long as the price is above 1.15T, be aware of a continuation higher towards 1.3T area or higher, just watch out for short-term intraday pullbacks.

Crypto total market cap 1H chart from April 11 2023

Chart

 

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Author

Gregor Horvat

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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