Thread by @CryptoTony__

So 2022 has been a turbulent year for the #Crypto markets including some of the largest scams in history, a record number of rug pulls and thefts, along with 80% downward sell pressure on #Bitcoin alone

So here are my thoughts on how I see the markets unfolding in 2023 .. A 🧵

1 - #Bitcoin

So in 2023 I am expecting BTC to begin to form a bottoming pattern at the lower boundaries of the range we currently sit in, along with the volume support around $11,000 - $9,000.

Whether we capitulate or a slow grind down is to be seen

2. $TOTAL / Total MC

In 2022 we have seen over 2 trillion removed from the #Crypto space. Now this is a good thing to help cleanse the space from bad projects and cash grabs

Now in terms of levels I am keen to look at are

- 590 Billion MC
- 350 Billion MC

20% drop minimum ‼️

3. #TOTAL2 / Total MC exc $BTC

Now the #Altcoin / $ETH MC paints a descending triangle currently with a current retest of the support zone. Unless we break this level there is no need to panic, but if we break then yes brace for panic and a possible 40% drop in time

4. #TOTAL3 / #Altcoin MC

My thoughts here are simple. We are to see more downside in the #Altcoin market. Now bear in mind the strong ones will be more resilient, but the remaining 90% will go to zero by the time this bear market is done

Research is key on your ivestments👌

$ETH / $BTC - Update

This chart is great for looking at #Ethereum dominance to #Bitcoin. When the price pumps, ETH is outperforming BTC and vice versa

Right now we are rangebound coming off an impulse. Look out for the range low test, which is where #Altcoins become interesting

#Bitcoin Dominance

This chart shows #Bitcoin dominance in the market and is measured in %, when this chart pumps, money is being drained from #Altcoins

While i expect the $ETH / $BTC to drop, I expect the Bitcoin dominance to pump, working in reverse to one another ‼️

Fear and Greed index

Here we can look at the sentiment in the #Crypto markets. When we are in extreme fear, it is seen as a good buy zone. If we are in extreme greed, it is a sell zone. Basing off human psychology

Back in June we hit 6 ‼️ I expect us to revisit that next year

$AAPL - @Apple Stock

The strongest in the Technology sector, and we are printing a bearish descending triangle and heading to the lower boundary

Showcasing the weakness in the market, which correlates to the Crypto market. Liquidity is dry so we drop to the next demand zone 👇

$DJI - Dow Jones Industrial Average

The DJI is currently painting a double top while below 34300. And looking at the global markets and the fact the FED will not be looking to bring down rates anytime soon .. We can only expect a decline

$SPX - S&P 500 Index

I was looking for a push up to create a double top around 4320, but we failed to get there and dumped prior

Same picture here where I am looking for another impulse low to complete the WXY pattern I am seeing

So these are my thoughts overall for next year. I am optimistic we will begin accumulation at the later stage of next year, as we gear towards the March 2024 halving

But be preserving of your capital in the mean time and invest sensibly

Please share if you found this helpful ♥️