Log in

Market Analysis

Weekly Technicals Pro - Volume 47

Updated: Aug 31, 2024
Published: Mar 8, 2021
0
Share:

For the foreseeable future, this market is running a full on bull market. The pattern we are seeing with the Fear & Greed metric is numbers gravitating towards "Extreme Greed" and occasional downside wicks to the "Fear" zone. This is the polar opposite of what we saw during the bear market.

Post Feature Image

Market Sentiment

aligncenter size-full wp-image-34811

Market Indexes

Total Market Cap

aligncenter size-full wp-image-34816

The Total MCap has retraced about half of the dump seen late last week. There is no clear pattern yet on the Total MCap which is 60% dominated by Bitcoin. What is really interesting is the Alts MCap.

Altcoins Market Cap

aligncenter size-full wp-image-34817

The Altcoins Market Cap is giving a very obvious and extremely high R:R opportunity. Price has crossed the 2017 high and has retested it as support - it is now consolidating. Our prediction is it will break out of this consolidation relatively soon before rallying towards $1 Trillion in Alts MCap alone.

Note: This index in particular only account for the top 200 coins, so the creation of random sh*tcoins does not add to it; this makes it a reliable index.

Bitcoin

aligncenter size-full wp-image-34806

Bitcoin's price action is "ranging". It can have one of two paths:

  • Break above [$52,150-$53,300] and go into price discovery again
  • Break $45,000 on the daily timeframe and correct towards $40,000 and potentially $30,000 - depending on the strength of the break
These are the two possible scenarios. Considering the overall market environment and $1.9 Trillion in stimulus bill just passed, the former seems more likely. The dollar is worthless.

Ether

aligncenter size-full wp-image-34808

ETH also have a chance to many near $1,400 - we took it and longed more ETH at $1,430 as you know. Now price closed a very slight candle above $1,720 (not convincing yet), we'll need a second consecutive close above it to prove legitimacy of the first. Once that happens, ETH will likely go into price discovery again. The reason we are bullish is not only the monetary environment - every now and then the MCap Indexes give very slight signals and they tend to have high odds of working out; this is one of them.

DOT

aligncenter size-full wp-image-34807

DOT is consolidating in a symmetrical triangle, we'll need to see the direction of the breakout. Based on ST history and overall bullishness on Alts, an upside break is more likely.

RUNEaligncenter size-full wp-image-34810

The asset that saw the most demand in these past two weeks (noticeable by the wick buy-ups). RUNE is creating HHs & HLs consistently, there's a good chance of a large green candle soon. Our target for this investment is $90 but for if we were trading it and swing longed $4.20 we'd be TPing and $10.

SNX

aligncenter size-full wp-image-34812

SNX perfectly went from $18.25 towards $23.60. Price has not yet broken the latter and it is what we're monitoring for further upside.

FTT

aligncenter size-full wp-image-34809

FTT requires one daily closure above $31.20 to rocket higher into price discovery. Exchange tokens have been doing tremendously well mainly because of the unprecedented transactional volume they're processing.

SRM

aligncenter size-full wp-image-34815

Despite the rather bearish weekly candle last week, SRM still was able to advance. What happens often in price discovery is large resting asks get triggered which pushes price down as people take profit, of course whenever price goes down there's a group panic selling (i.e. weak hands) and that leads to more downside. This is why we often see such wicks (albeit this one was extreme) during price discovery.

SOL

aligncenter size-full wp-image-34813

SOL dropped $0.20 shy of $11.70 and reclaimed the blue block. Given the latest reclaim, it's likely we now see a test of $14.20 and a reclaim of it as well.

100% Success Money Back Guarantee

If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Terms & Conditions apply

Star

Trusted by 300,000+ traders

Take your next step towards crypto success

Save 50%

$799/year

Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.

VisaCardImageMsCardImageCoinbaseCardImageSolanaCardImage

For your security, all orders are processed on a secured server.

What’s included in Pro:

  • Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked

  • 24/7 access to experts with 50+ years’ experience

  • All of our top token picks for 2025

  • Our latest memecoins pick with 50X potential

  • On hand technical analysis on any token of your choice

  • Weekly livestreams & ask us anything with the team

  • Daily insights on Macro, Mechanics, and On-chain

  • Curated list of top upcoming airdrops (free money)

Our track record speaks for itself

With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.

/images/advertorial/corpcomm3.webp
/images/advertorial/corpcomm4.webp
/images/advertorial/corpcomm5.webp

Frequently Asked Questions

Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.

No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.

Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.

We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.

Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.

Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.

If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.

Recommended from Cryptonary
This Week's Setup: 27th of October
Market Updates
This Week's Setup: 27th of OctoberIt’s a big week in markets, and you don’t want to miss what’s coming. The Fed meets, Trump and Xi ar...
7 min read
Oct 27, 2025
BTC, ETH and More: Breakouts Loom on Pennants, Key Levels Ahead
PRO
Market Direction
BTC, ETH and More: Breakouts Loom o...The market is coiling in pennants after the inflation beat. All eyes on major resistance and breakdo...
6 min read
Oct 24, 2025
Market Pulse: Softer Inflation Fuels Fed Cut Hopes
PRO
Market Pulse
Market Pulse: Softer Inflation Fuel...Inflation surprised to the downside, easing Fed pressure and sparking rebounds in both TradFi and BT...
3 min read
Oct 24, 2025