TLDR 📜

• The Total Market Cap index closed under resistance ($1.18T). A pullback remains likely.
• May will likely bring downside to the market.
• RUNE, DOT, SYN, HEGIC, THOR, and MINA all lost their support levels. Downside should be expected unless they can reclaim those levels.
• Bitcoin closed April’s candle into resistance. We now need to flip $32,000 into support to confirm higher prices such as $40,000. Otherwise, downside is coming.

Disclaimer: Not financial or investment advice. You are responsible for any capital-related decisions you make, and only you are accountable for the results. One Glance” by Cryptonary sometimes uses the R:R trading tool to help you understand our analysis very quickly. They are not signals and they are not financial advice. Any capital-related decision you make is your responsibility and yours only.

Total Market Cap (Monthly)

The Total Market Cap index represents the entire cryptocurrency market. We track this index to understand where the market is now and predict where it will likely go next.

Altcoins Market Cap (Monthly)

The Altcoins Market Cap index represents the entire evaluation of the altcoins market - all coins other than BTC.

Cryptonary's Portfolio

BTC | Bitcoin (Monthly)

ETH | Ethereum (Monthly)

DYDX | dYdX (Monthly)

LDO | Lido DAO (Weekly)

HEGIC | Hegic (Monthly)

PENDLE | Pendle (Weekly)

Cryptonary's Watchlist 🔎

DOT | Polkadot (Monthly)

RUNE | THORChain (Monthly)

SOL | Solana (Monthly)

SNX | Synthetix (Monthly)

SYN | Synapse (Weekly)

MINA | Mina Protocol (Monthly

Astar | ASTR (Weekly)

THOR | THORSwap (Monthly)

OP | Optimism (Weekly)

Cryptonary’s take 🧠

We have been expecting the market to form a local top inside the $28,750 - $32,000 region for more than a month now. You can check that yourself.

Believing you can milk every dollar from a rally is an illusion. Staying rational, even if things do not play out as expected, is the key to your profitable crypto journey. After all, it’s “buy low, sell high” - not the other way around. This is the time to take profits, not to increase your holdings.

Action points 🎯

• Take profits, especially if you’ve made gains that can be described as “life-changing” from your perspective.
• If BTC’s potential move to $25,150 is invalidated ($32,000 needs to be flipped into support), you should avoid going all-in at all costs.

Please visit our Discord community with questions and comments. We’d like to hear your thoughts on our new format.✌️