Get started

Cryptototalmarketcap

Crypto Total Market CapHello. Here we are once again. My last post was about Bitcoin Dominance and Ethereum . Which did play out pretty well if you ask me ;) Bitcoin Dominance did get rejected. For now.. Okay so we are now looking at the same chart Crypto total Market Cap Excluded BTC and the same RSI resistance line as before. The RSI line did work out as an resistance but here we are back with recharged batteries testing the ("alts") resistance once again. I think we might even brake it this time. We did see quite a move with Ethreum around 20% against Bitcoin! Which already tells me there is some power in this move. Also now that Bitcoin hit 35k Is it possible that it seems quite expensive for people? (atleast for me). If you see two options to buy Bitcoin 30k or one Eth 1K which one would you get. 0.033 BTC satoshis or one full Ethereum? I think alts might have an edge on this and this is one of the reasons we saw this kinda move with Ethereum. Of course this is just speculation so think by yourself. We have now hit the Green RSI resistance line 5 times and we are tickeling the to get the sixth, RSI also turned upwards from falling wedge pattern so I do think we might even break it this time. Hopefully before 15 of january but this to happen we will need Bitcoin to stay chill. If you do take trades use stop loss or you will get your ass burned! 1st mistake beginner traders do is taking too big risks! -Jebu
CRYPTOCAP:TOTAL2Long
by PalenTrade
3
Crypto total market capCrypto Total Market Cap Excluded BTC The RSI resistance on weekly is right behind the corner. Like we can see from the picture this is the fourth time this RSI line gets hit ( RED circles ). GREEN circle shows where the suppressing downtrend line got broken. (Trend turned to Bull) BLUE arrows shows that these upward legs are identical size. Which would mean a pullback. I believe we might get a small and fast retrace from here before we take up higher. After the line breaks and price stays higher I believe we are going to 250 billion marketcap. Remember that "more times a support or resistance gets hit the weaker it gets". What I have seen, the fifth time usually does it ;) For long term I am bullish. Also the fear and creed index has been on creed / extreme creed for 2 weeks. (not the first time thou) alternative.me This is not a financial advice! If you do trade use stop loss and small enough positions! 1st mistake beginner traders do is taking too big risk. -Jebu
CRYPTOCAP:TOTAL2
by PalenTrade
4
Crypto total market,analys for short term (1-2 weeks) Hi Guys This time I'll show my tight field of view of whole cryptocurrency market. Last several days we move in upper channel pattern - which is a strenght signal that we are in up trend from march. If the prediction is correct, and we are forming rising wedge pattern, in short term - ill stay and wait for next move. RSI is oversould,but still pointing down. If we have engulfing bearish candle or othersign which is close below wedge (a few 4h candle - supported by volume, or 1D), this will be massive bearish sign. Leaning on Fibo retracment it could get easly to 433.B crypto total market which is 5% of funds. This is good time to check bitcoin domination - if it is stable, thoooose altcoins will bleed. Fear & Greed index for today: 86 points. Next week should show the further direction. Cheers!
CRYPTOCAP:TOTALShort
by NightTerm
When in doubts - Zoom out Hello everyone. If you´re lost in mid/long term cycle/ right market side I would recommend just to ZOOM OUT ** Last time I´ve called local bottom it was at 3K range and it was based on Volume ** but supported by RSI indicator bull divergence as well Now if you check out the Crypto Total Market Cap volume, RSI, MA´s, as well as supports/resisstances You must realize how big is the amount of huge buy volume compared to the previous price action Further confirmation by patterns: + Closer view on Bull Divergence on Daily chart + Basic W1-5 Eliott Waves **Latest High (13K USD/ 400b tmc ) Called based on bearish divergence here:** Longer term tracking on Weekly chart: If you appriciate my work efforts I would appriciate like for this TA & If youre in doubts or have any questions then feel free to ask in comments below the chart. Wish you all nice Weekend Cheers ------------------ Risk Disclosure DISCLAIMER: This is not a financial advice ! Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. The valuation of asset may fluctuate, and, as a result, clients may lose more than their original investment. Investing will have impact on your trading account and this can work against you, leading to large losses or can work for you, leading to large gains. As an investor, it's crucial to know how much of your money you could lose and what circumstances could cause this to occur. Always do your own research and think twice before you invest.
CRYPTOCAP:TOTALLong
by Anoinvest
13
Alts Against Bitcoin : Where Are We Heading?#Alt_Update #ALTs / #BTC The main reason we have not been posting ideas was the Alt market scenario. It was in a downward move since May 30 which was more of a correctional retrace move instead of a major downward trend. We are now at a major point were we can decide that Alts will continue and enter a major downward channel or not. The main price level area is at around 945B which is depicted by the blue circle on the chart. If Alts market is going to break the support of this level at the closing of the current chart we might go further downward and will be in a bearish overall market trend for some days by the following week. In the other scenario which can happen we might see a good bullish reversal move and will test the area at around 1.16Tr level. Further if it can break the resistance at that area we will be on the start of a bullish season for Alts. -MACD and RSI are still in bearish mode amd EMA still in bear mode too. By this we conclude that we need to be careful on our alt trades and need to be sure on accumulations backed by TA and FA studies.
CRYPTOCAP:TOTAL2
by cryptotalk_et
1