SHITPERP, Low cap altcoin perpetual futures, down the toiletInterestingly named perpetual future contract incubated by the bitmex related Alemeda research, tracks 50 low cap altcoins (aka shitcoins).
In a descending channel near channel resistance with bearish divergences and falling volume. Down it goes, don't mind the gas.
G-CAP
Total2 market cap looks ready to tankregistered 9 on the TD count and RSI dropped below slanted support. Still can go up to 85 billion to make a bearish divergence, so wait for the breakout of the channel. Ichi twist tempting price to fall through it.
Alts market cap dumping is synergistic with BTC dominance rising.
Total crypto cap getting rejected from inverse H&S necklineThe Total crypto cap has formed a fairly large inverted head and shoulders. But today's bar shows rejection. Confirmation at the daily close. There are bearish divergences up to the 2H.
However MACD is bullish and RSI has room to spare up. a break above the H&S neckline is moon for cryptos all together. Capitalization will reach 568 billion dollars from currently 281 roughly 2X, so a 20k BTC is possible.
Total crypto cap, failed inverse head and shoulders patternI knew I saw this pattern before. Happened to BTC after ATH. Must wait for a breakout or rejection from H&S neckline to know which way the market is going.
Weekly MACD crossed to the positive and RSI has room to go up, this is bullish, but with crypto you never know.
Must wait and see.
GBPUSD. CAP AND HANDLE pattern.Hi subscribers!
On this chart,
we see a cap and a handle pattern,
in the future the price will rise,
but a gradual decrease and growth is allowed!
although the price is unlikely to reach the resistance level,
it should reach the level of 1.30066.
Good luck to you!
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This idea does not provide the financial advice.
Total2, Alts will drop by 50% on averageSimple pattern, an exponentially decaying resistance and base support trendline. Cap met multiple resistances and was rejected forming a very bearish doji. If Total2 cap does not go up significantly this week it has changed trend.
RSI also met resistance and will retrace down.
Many thinks it is alts season because BTC dominance is waning, this is not guaranteed. BTC dominance can drop and Alts can drop as well.
Notice: I don't care if you disagree with me or your opinion about me or what you think will happen "soon", don't post criticism if it is not related to technical analysis because I will whale on you.
Crypto Market Cap on the rise with upcoming Golden CrossTotal Market cap of all crypto is 270 Billion as Im looking at the chart on 2/6/20. We surpassed the previous resistance of 250 Billion on January 28th...and now our next resistance is at 300 Billion...but we are also forming a golden cross and looking back at history, when the previous golden cross occurred April 19th 2019 we went on a 130% upward tare in market cap from approximately 160 Billion to around 388 Billion....Bitcoin went from approximately 5200 to 13800 per coin during that time. It looks like a new golden cross is forming....could we make a similar jump upwards? I think we could, so many things are aligning. Upcoming halving + golden cross = huge potential
For you that don't understand what "golden Cross" means here is a quick explanation:
"In the trading world, a Golden Cross occurs when the 50 day moving average rises above its 200 day average. This is typically a telltale sign of bullish sentiment for a stock, reinforced by high trading volumes. Technical traders will often buy stocks in the moments following a Golden Cross and sell when the trend reverses into a Death Cross."
Remember trading is a risky businesses. Protect your capital at all times! It is a probability game, no amount if technical analysis make price movements a guarantee. Pick your spots, place your stop loss. Good luck!
Crypto Total Market Cap Exclude BTC About To Grow MoreTOTAL2, Crypto Total Market Cap Excluding Bitcoin (BTC), is looking bullish and getting ready for massive growth.
This chart represents the total market capitalization for cryptocurrency without Bitcoin, and the signals here are looking beautiful and strong.
TOTAL2 is now strongly bullish, here you can see the previous chart (6-Jan.-2020):
TOTAL Chart Signals
MA200 Conquered.
Increasing green/bullish volume.
MACD bullish cross while trending up.
RSI strong and moving higher.
EMA10/EMA200 bullish cross.
Trading above EMA50.
Healthy strong consolidation after breaking resistance.
These are just a few of the signals that I am looking at now.
EMA50 is sitting at 76.08B while MA200 is sitting at 71.61B, this range is the main strong support level if TOTAL2 moves lower.
The next target is sitting at 94.71B after a little consolidation... If this level can be conquered, we aim for 111.74B next!
There you have the full analysis... The Altcoins market is starting to look great.
Namaste.
Crypto Total Market Cap Gains Momentum, Aims At 241 BThis chart is pretty clear... We have the "3 Heads Pattern" marked in blue, a very common pattern to spot a bottom formation.
We have the first head which is never the lowest point.
The second one is always the lowest and the third normally go higher or as low as the first one.
Once volume comes in and EMA10 is conquered, prices start to move higher... This is happening here and EMA50 has been conquered as well.
Volume is turning GREEN while the MACD and RSI are bullish and strong.
The Cryptocurrency Market Is Bullish Right Now and will continue to grow.
Namaste.
(Crypto Market Cap) Falling Wedge Breakout with High VolumeHey all, I haven't done an idea in a while so I figured I would publish this one. Check out the falling wedge on the total crypto market cap... Such a clear breakout on huge volume. I can't wait to see what's going to happen. This is an amazing bull opportunity I think.
If you don't know about wedges look up falling wedge, it's a bullish formation. Plus we had record volume on the breakout of the wedge.. If that wasn't enough, we dropped almost exactly 61.8% of the previous rally before doing this. Super bullish! We have already pushed up above the 50% fib (223B), seeing resistance at the 61.8% fib (254B). If we break above that level I think it's all systems go to 350B, maybe even 500B.
Of course, the total market cap isn't exactly tradeable and doesn't necessarily follow the same rules as a market that is tradeable.. But if you ask me, technical analysis is still very relevant.
That's all for now, please consider sharing if you got value out of this analysis. And don't forget to leave a thumbs up and follow.
I do technical analysis as a hobby. I like to learn more about markets and share my ideas with other people. But when it comes to real trading, I have algorithms to watch the markets for me 24/7. If you want more info, see my signature.
Cheers!
XRP don't be fooled, it will dump.Three exponential decays in money supply preceded by pumps in all of its history. And the peaks are also exponentially decaying. It is like radio active waste that gets recharged by fiendish wall street algo bots. If tradingview had curve fitting functions we can get a more precise picture of timing, peaks and bottoms.
I am just posting this, because of all the excitement around XRP at the moment. Total2 alt cap is rising, yes, because it is in a bear flag. It will drop soon, and XRP will go down with all the cryptos, including BTC, Because BTC market cap is also dropping. Investors are moving money out of cryptos.
No moon or Alts season, before we see the money comeback and re-accumulation patterns.
Just my 2 cents. In fact i currently hold $20 of XRP. maybe I should sell them and buy myself lunch.
Crypto Total Market CapWe moving in up trend channel with support level at 200 bln
We are near the level of support that we are likely to break down. And again, the exchanges will earn on the
liquidation of large orders, which will cause a snowball. liquidation by a market order - and touch other orders are liquidated. And the panic sale will return to the market. Usually after such sales and large liquidations, the market turns around. I think this is the scenario that will be implemented
But what will we be in 2 months?
A new big telegram player with the TON project, its founder Pavel Durov, and a huge telegram community will come to the market.
I think that this coin will be in the top 5 by capitalization in a year.
And this announcement will be a new impetus for the entire crypto community.
In addition, I see that two exchanges are starting from bitcoin.com and blockchain.com
Draw conclusions
Best regards
Your EXCAVator;)
Crucial pivot point : Altcoins are in trouble if no higher highComparison of a same bubble structure between the Silver bubble and the total market cap of crypto (exl. Btc)
If alts don't produce a higher high around here, then new lows are to be expected, with a slow and long decling of several years.
Of course maybe a few alt coins will probably survive this pattern and will show a more bullish pattern than shitcoins and other alt coins, but this is a very important warning, as this bubble structure is so far 100% identical.
Humans reproduce the same patterns on charts as our behaviour and nature does not change, and will never change.
I am absolutely not against Alts beeing destroyed, as a large majority of them is a cancer to this space, and the crash of the majority of alts would educate the market in the way of driving dumb speculators into bitcoin maximalists, which is not worse.
A little zoom in shows the Smma totally blocked the upmove of the altcoins market cap :
Daily shows a golden cross, but the moving averages are already pointing to the downside, so i don't exclude a bearish cross to happen.
Last note about the Silver chart that produced the exact same bottoming pattern as the Bitcoin chart of 2015:
Total Crypto Cap Analytic (27 April)Market Cap stucks inside a Red Box, it nearly forms a Bullish Channel pattern moving in a Uptrend.
My expectation is to increase by 25%
Our plan will fail if any candlesticks close outside and under the box. The bottom of the box is red line
Market Cap can increase as fast as the end of March from 26 March to 2 April. First, Altcoin increased strongly like BTC but after 2 April, was a series of endless RED days until today
TotalMarketCap Analysis - Xcluded BTC .. Insane signals?Hello i want to share my view on the TMC chart.
First of all, keep in mind. That this is the chart for the TOTAL MARKET CAP, without BITCOIN included.
Look at the first break on the 50MA, MarketCap went litteraly crazy!
We are close to break the next 50MA, but we got huge resistance here.
If total MarketCap, surpasses the 50MA, bitcoin will go very bullish.
Thank you!