TOTAL (Crypto Total Market Cap) Index Analysis 05/01/2022Fundamental Analysis:
a very simple way of Fundamentally analyzing this Index is to look for the other markets indices including US and Europeans ones, such as Dow Jones and S&P 500, it is very observable that these Equity Markets are very much inflated and shall Retrace to the lower levels and correct themselves and get converged to their intrinsic values.
in other word we can say the liquidity shall get diverted from these markets to some other Asset Class, this means gold and silver as well as Digital Assets which are Cryptocurrencies and their underlying technology such as Blockchain and even their future Projects like DeFi and related Financial and Applied Areas.
By looking at the current statues of the Equity Indices and analyzing them we can come to the conclusion that these markets are doomed to fall soon hence a massive transaction of their liquidity to these new Asset class.
lets look at some of our analysis on these Indices such as DJI:
US 500:
it seems very obvious to us that the collapse of these markets shall Couse a huge rise on other alternative markets
assuming the minimum retracement or fall of 20% for each market and considering their Market capitalization of 40.7 Trillion for US500 and 10 Trillion Dollars of DJI and of course the market capital of other European markets.
the Domino effect of markets fall shall consequences to the other markets fall around the world, we can expect minimum of 4 to 10 Trillion dollars of Liquidity shifts from these markets to the Crypto currencies Industry and ecosystems.
these massive amount of liquidity shift shall Couse a huge pomp and rise in the new and even old Projects on various sectors of Crypto world.
mean while we may have some more fall of the Total Market Capitalization of cryptos to lower levels due to some existing fear and Rug pool and Scam Projects but these events should not be having any long term effect and can get recovered on a very fast pace.
the other factors of the wealth transition to the decentralized finance world can be the totalitarians policies and dids of the different establishments around the world such as China, India, middle east counties, or even the implode of some dictatorships systems Like turkey and Iran which will drive the Public funds to more stable and liquidly asset class such as cryptos.
the world banking system too has lots of over leveraged Projects which can be liquidated and Couse a huge market collapse and distrust with their investors the public which will eventually Couse the wealth transition to the decentralized transparent venues such as Blockchain based Cryptocurrencies.
Technical Analysis:
There exist A Hidden Bullish Divergence of Price with MACD, it occurs on a Bullish trend and it is a very significant Sign of Bullish trend continuation.
the Hidden Bullish Divergence is specified with the Green connecting lines.
we draw the Fibonacci retracement from the low point of 0 to the ATH where we can see the dips of the Price falls are having perfect confluences with the Retracement Levels of Fibonacci hence we defined our two Targets using the same Fibonacci extension Levels.
as the Markets fall chances are still exist, we can use the retracement levels of the Fibonacci to specify the support areas and the market Reaccumulating zones for its new bullish trend initiations.
Cryptoindex
Cryptoindex 100 analysis (CIX100)Introduction
Cryptoindex 100 is an index of top 100 coins, obtained from a proprietary algorithm called "Zorax" .
"Over 1,800 coins are put through our fixed set of filters, which provides around 500 coins as a rough output. Data is collected from cryptocurrency exchanges, news, social media, such as Twitter, GitHub, and other sources.
The collated data is used to extract over 200 factors that create a refined ranking in the index. Then, the factors are fed into the neural network, creating a final rating of coins, with the top 100 coins making up the Cryptoindex 100".
Graphic Analysis
The index is testing the resistance of 2.
In a bullish scenario, it needs to break through the diagonal white line and still move through the 200 simple and exponential moving averages.
many reasons to consider the next cycle the endBitcoin is on the 2nd wave of the 3rd wave. it has touched the first bottom and after it completed the Wyckoff accumulation pattern could reach $34800 two times and again fall to $17000 or $16200 to create the double bottom and is prepared for the next cycle. the target of the next cycle is $760K.
An overview of the crypto index shows that it can be halvedAn overview of the crypto index shows that it can be halved
Possible turning points vertical lines.Watch for a reversal close to the vertical lines. A break of the candles or swift in the direction.
Bitcoin BEARISH?! Here is the ANSWER. Disclaimer: This is a Newbie analyses with no past Experience!
Few Points Supporting a BEARISH scenario for Bitcoin and the rest of coins:
-The Chart above shows the total Cryptocurrency market cap, which hints to a similar crash of 2018 being repeated (Green Rectangle/Red Rectangle).
-Recession, which it has started already (low GDP growth, High interest rates, Spike in the price of goods and services in general, lower properties being sold)
-War (Ukraine x Russia)
With all this considered, we might see Bitcoin plummeting to 21k (USD) Level, and even 11k level later on.
However, this is the first time in history that Cryptocurrencies are faced with a recession, hence the effect is unknown. They might follow the stocks behaviour during a recession (Falling, Most Likely). OR, we might see that more people are investing in crypto and choosing it as a safer asset during recession (less likely).
This is not a financial advise!
Please comment your ideas about the analyses as I am new and want to learn from your experience and knowledge.
Appreciate your constructive comment and feedback in advance.
Is it a crypto winter or a great buying opportunity ❓💎Since April Alt Index has dropped by 58%, and during the past week by 45%. But should the knife-catching buying opportunity be considered?
💎The crypto crash has resulted in massive liquidations especially if we look at Luna, losing 99%. For most this is a huge warning sign, but we know that bulls are coming when there is mostly fear.
💎Current Fear & Greed Index stands at "Extreme Fear", which is exactly when bulls prefer to take action. Looking at Alt Index, we had a clean bounce off the support, while the price is at the bottom of the descending channel.
💎The money flows from alts to the Bitcoin, yet again ....
Tether on the strong sell zonecrab harmonic pattern:
X=%4.15
A=%0.31
AB=0.61 XA
BC=0.38 AB
0.78 BC=%1.36
0.88 BC=%1.45
0.61 XA=%1.53
1.41 BC=%2
1.6 BC=%2.27
0.78 XA=%2.38
2 BC=%2.87
0.88 XA=%3.08
2.24 BC=%3.32
2.6 BC=%4.19
1.13 XA=%5.81
3.6 BC=%7.75
1.27 XA=%8.41
4.23 BC=%11.33
1.41 XA=%12.04
1.6 XA=%20.69
Defi is forming a triple bottom⁉️💎In one of our last Defi analyses we have shown the formation of the double bottom. After the price bounced off the 8500 resistance area for the second time, we can witness a potential formation of a triple bottom.
💎The critical support lies at 5590, which is confirmed by the 88.6% Fibonacci retracement level. As of yet, Defi respected the support while trading at the bottom of the 5590 - 8770 range. This might be the beginning of a new cycle, based on the previous market waves.
💎We must start to see is ...
Crypto Market Cap bounced off a double support❗️💎On April 30, TOTAL2 had reached and rejected two technical indicators at 966.832B. The first is an 8/1 Gann Fan trendline and the second is a 0% Fibonacci level. We applied the Fibonacci so that 50% is placed right at the ascending channel breakout point. This way, Fibs show that after the breakout, the price has dropped the same distance as the width of the channel.
💎After the bounce, TOTAL2 retraced up, but failed to break a simple downtrend trendline. For the time being, we are likely to witness a short-term consolidation, between the strong psychological resistance near 1.0T and technical support at 946B.
💎Bears remain in control as long as........
Altcoins bottomed or expect another drop❓💎Today we will look at the TOTAL3 price action. TOTAL3 is a crypto market cap excluding the Bitcoin and Ethereum capitalization, which is providing the perspective for the Altcoin potential.
💎Back on February 24, TOTAL3 formed a double bottom at 600B, which is strong psychological support. Since then we can observe the price action within the ascending channel. Yesterday TOTAL3 tested and bounced off the bottom of the channel.
💎The low has been printed at 661B, and this might be critical .......
What are the chances for the crypto uptrend ❓💎Based on our previous CIX analysis, a bullish case was expected upon the break above the 257,000 resistance. The bearish scenario was expected upon the daily break and close below the 239,00 support.
💎The bearish scenario took place and the price fell to the 227,000 support. This is likely to be a critical demand area, a decision-making point for the medium-term price action. Because currently CIX is facing double Fibonacci support, and so far it has been respected.
💎As long as the daily close remains above ..........
Altcoin Index - This is where the trend starts❗️💎The critical factor in the recent price action of the Alt Index is the bounce off the average-price downtrend trendline. Besides, after a bounce, we can see a double bottom formation near 3275.
💎The above-mentioned facts strongly favor the beginning of a strong uptrend. But on the other hand, we can see that the consolidation phase between 2870 - 4000 is taking place.
💎The 3275 was a decision-making point, which was ........
Crypto Index bottom has been formed ⁉️💎Bulls won the battle at our projected support. There were a bounce off the simple uptrend trendline and 61.8% Fibs at 242,000.
💎During the past week CIX has been consolidating between 239-257k. But today we can witness an attempt to break above the downtrend trendline.
💎If/when CIX breaks higher, ...
CIX wide range trading is not over yet❗️💎One of our expected CIX scenarios came true, and we already witnessed a 17.43% correction. What is important is that CIX has approached the 61.8% Fibonacci retracement level along with the simple uptrend trendline. Therefore, the 242.000 area can become strong support, but we need ...
Crypto Index correction could be over❗️💎The expected pullback is now taking place on CIX. Our scenario suggested ............