The question on everyone's mind today - HOW HIGH WILL CRYPTO GO?Cryptocurrency has seen a surge of liquidity recently and it could be due to the ETF rumours or just fomo
either way it appears very bullish but the question is for how long???
CRYPTOCAP:TOTAL
BITSTAMP:BTCUSD
COINBASE:BTCUSD
BYBIT:BTCUSD
BITFINEX:BTCUSD
BINANCE:BTCUSD
BINANCE:BTCUSD
INDEX:BTCUSD
BINANCEUS:BTCUSD
PHEMEX:BTCUSD
FTX:BTCUSD
GEMINI:BTCUSD
BITBAY:BTCUSD
OANDA:BTCUSD
BITTREX:BTCUSD
CURRENCYCOM:BTCUSD
CAPITALCOM:BTCUSD
FX:BTCUSD
FOREXCOM:BTCUSD
BITCOKE:BTCUSD
CEXIO:BTCUSD
TRADESTATION:BTCUSD
OKCOIN:BTCUSD
GLOBALPRIME:BTCUSD
EXMO:BTCUSD
TIMEX:BTCUSD
BITFINEX:BTCUSDLONGS
BYBIT:BTCUSDT
OKEX:BTCUSD3M
BITGET:BTCUSDPERP
OKEX:BTCUSD1W
TRADESTATION:BTCUSDC
BINANCE:BTCUSDT_PREMIUM
BITBAY:BTCUSDT
BYBIT:BTCUSD0924
KUCOIN:BTCUSDT
OKEX:BTCUSD2W
HUOBI:BTCUSDT
HUOBI:BTC24U2021
BINGBON:BTCUSDT
BINANCE:BTCUSDC
BITTREX:BTCUSDT
POLONIEX:BTCUSDT
OKEX:BTCUSDT
BYBIT:BTCUSD1231
BINANCEUS:BTCUSDT
COINBASE:BTCUSDC
BITSTAMP:ETHUSD
COINBASE:ETHUSD
BYBIT:ETHUSD
KRAKEN:ETHUSD
BINANCE:ETHUSD
BITFINEX:ETHUSD
BINANCEUS:ETHUSD
BITMEX:ETHUSD
FTX:ETHUSD
PHEMEX:ETHUSD
GEMINI:ETHUSD
INDEX:ETHUSD
FOREXCOM:ETHUSD
CURRENCYCOM:ETHUSD
CRYPTOCAP:TOTAL
CRYPTOCAP:TOTAL2
POLONIEX:ETHUSD
BITTREX:ETHUSD
CAPITALCOM:ETHUSD
FX:ETHUSD
TRADESTATION:ETHUSD
CEXIO:ETHUSD
BITCOKE:ETHUSD
BITSO:ETHUSD
BITBAY:ETHUSD
GLOBALPRIME:ETHUSD
OKCOIN:ETHUSD
EXMO:ETHUSD
BITFLYER:ETHUSD
TIMEX:ETHUSD
BITFINEX:ETHUSDLONGS
BYBIT:ETHUSDT
KRAKEN:ETHUSDPERP
OKEX:ETHUSD3M
BINANCE:ETHUSDT
BITGET:ETHUSDPERP
BITGET:ETHUSDTPERP
KRAKEN:ETHUSD31Z
KRAKEN:ETHUSD24U
KRAKEN:ETHUSD27Q
KUCOIN:ETHUSDT
HUOBI:ETHUSDT
BITBAY:ETHUSDT
HUOBI:ETH24U2021
BITBAY:ETHUSDT
TRADESTATION:ETHUSDC
COINBASE:LTCUSD
BITFINEX:LTCUSD
KRAKEN:LTCUSD
BITSTAMP:LTCUSD
BINANCE:LTCUSD
BINANCEUS:LTCUSD
GEMINI:LTCUSD
BITMEX:LTCUSD
PHEMEX:LTCUSD
FTX:LTCUSD
POLONIEX:LTCUSD
BITTREX:LTCUSD
TRADESTATION:LTCUSD
FX:LTCUSD
CURRENCYCOM:LTCUSD
CAPITALCOM:LTCUSD
EXMO:LTCUSD
OKCOIN:LTCUSD
GLOBALPRIME:LTCUSD
BITBAY:LTCUSD
BITCOKE:LTCUSD
BITFINEX:LTCUSDLONGS
OKEX:LTCUSD3M
BINANCE:LTCUSDT
POLONIEX:LTCUSDT
COINBASE:LINKUSD
BINANCE:LINKUSD
KRAKEN:LINKUSD
BINANCEUS:LINKUSD
BITFINEX:LINKUSD
BITSTAMP:LINKUSD
GEMINI:LINKUSD
PHEMEX:LINKUSD
FTX:LINKUSD
POLONIEX:LINKUSD
BITTREX:LINKUSD
COINBASE:UNIUSD
BINANCE:UNIUSD
GEMINI:UNIUSD
BITTREX:UNIUSD
BITFINEX:UNIUSD
FTX:UNIUSD
COINBASE:ALGOUSD
KRAKEN:ALGOUSD
BINANCE:ALGOUSD
PHEMEX:ALGOUSD
BITTREX:ALGOUSD
BITSTAMP:ALGOUSD
OKCOIN:ALGOUSD
BINANCE:ALGOUSDTPERP
EXMO:ALGOUSDT
HUOBI:ALGOUSDT
BITTREX:ALGOUSDT
BITTREX:ALGOUSDT
COINBASE:BTCGBP
COINBASE:LTCGBP
COINBASE:LINKGBP
COINBASE:ETHGBP TVC:UKOIL
COINBASE:XTZGBP
COINBASE:XTZUSD
KRAKEN:XTZUSD
BITFINEX:XTZUSD
BINANCE:XTZUSD
BITTREX:XTZUSD
GEMINI:XTZUSD
POLONIEX:XTZUSD
BITFINEX:XTZUSDLONGS
KRAKEN:XMRUSD
BITFINEX:XMRUSD
BINANCE:XMRUSD
PHEMEX:XMRUSD
POLONIEX:XMRUSD
BITFINEX:XMRUSDLONGS
BINANCE:XMRUSDT
POLONIEX:XMRUSDT
HUOBI:XMRUSDT
OKEX:XMRUSDT
TVC:SPX
SPCFD:SPX
OANDA:SPX500USD
FOREXCOM:SPXUSD
AMEX:SPY
CAPITALCOM:SPY
BMV:SPY
BVL:SPY
AMEX:VTI
CAPITALCOM:VTI
BMV:VTI
NASDAQ:NDAQ
TVC:SILVER
OANDA:XAUUSD
TVC:GOLD
FX_IDC:XAUGBP
OANDA:XAGUSD
FOREXCOM:XAGUSD
FX_IDC:XAGGBP
OANDA:XAGGBP
FX:GBPUSD
OANDA:GBPUSD
FOREXCOM:GBPUSD
AMEX:OILK
TVC:USOIL
AMEX:REZ
Marketcap
$TSLA Tesla Market Cap hits +$1T11 years after being initially listed on a public exchange #Tesla surpassed the $1T mark on midday Monday 10/25/21 when shares hit $998.22
Shares closed up 12.66% at $1,024.86/share - another milestone as this was the first time the companys share price has reached the $1,000 mark
ICP - Could be gearing up for 11+ bil MCICP could be gearing up to hit around a $11.5 billion market cap - which would be my 1st target on a long position. This is taken from the bottom of the trend line of the initial trend, which started it's push from the double bottom @ $3.8 bil MC. If there are a couple of decisive closings above $11.5 billion within the next few days, it wouldn't be impossible if it reached for the original trend line's top - just shy of $30 billion.
Invalidation of this would be if it were to decisively spit out of the current pattern, hitting approximately $6 billion in MC.
Best of luck, and trade responsibly.
SO, WHEN ARE WE GOING BOUNCE? It seems a little off, but I like how this crypto is moving. Once it tags a resistance or support it has a reversal. The consolidation time is short, which helps leverage and be a little more predictable. At this time, it's on the way down, which is not bad. If you are an impatient trader, this movement is good for you. Once this crypto starts "Bouncing" it will be tough to stop, or you know what else could happen.... It could just dribble off the court into oblivion...
The Altcoin Total2 Trade: Keeping it SimpleThis is another look at what I am calling "The Total2 trade" for alts. The I believe I see a fractal in Total2 which suggest an alt season could last more than a year.
Blow By blow
The light orange boxes show a multi-year consolidation on the altcoin market cap
That consolidation lead to an initial break out into the blue boxes. In 2016 we consolidated for months between the 1.414 and 1.618 levels of the alt coin bear market retracement
Currently Total2 is consolidating with the 1.414 acting as resistance with an apparent cup and handle continuation pattern. As of this writing we are less than 1% away from Total2's all time high with a massive bullish continuation pattern.
If we have another couple of days similar to recent price action the cup and handle will perform with a target that sees the market cap go up some 70%, perhaps by the end of the year.
My Conclusions
Based on the previous price action of Total2 I do not see this move stopping at the cup and handle target. Rather I suspect coins will have vicious corrections when each of the ".618" fib levels are reached on Total2. As this is a trade based on Total2 I don't really know what Bitcoin will be doing at this time. Bitcoin has chopped between 30 and 60k for a very long time at this point, almost 300 days. If BTC does the same after impulsing for a couple of months we could easily see a 3-4 month impulse on bitcoin while it reaches highs at or above $100k and then another 300 days as it tops and decides if it will create a bull or bear trap. Whether BTC resolves itself bearish or bullish in 9-12 months gives the alts time to go on a tear.
I am not a financial advisor but I will tell you what I am doing... I am taking coins that look bullish against btc and eth and looking to long those to target. What target? Well for my LTC trade I will be looking to close my margined longs where the fib levels showed relevance on the way down. In order to get a cleaner chart I have to look up LTCUSD/ETHUSD.
Misc Musings
As a neat thing to consider is the market cap of Gold or the SPX or some other major bench mark. In very short time the altcoin market could have more liquidity than the gold market. And a bit after that is the total market cap of the S&P500. Its almost crazy to consider. Another thing to think about is the almost 70T in wealth US baby boomers are estimated to put in the hands of their inheritors in the next 10 years or so. That wealth has to go somewhere. Also, it technology is suppose to revolutionize everything by being faster and cheaper than those savings have to go somewhere as well. I am kinda excited to see which crazy target we reach over the next year.
www.goldeneaglecoin.com
ycharts.com
www.forbes.com
MARKET CAP USDT DOMINANCEThe USDT DOMINANCE, shows the strength of USDT against the overall cryptocurrency market cap. In it, we can have a look on how investor are feeling against the overall cryptocurrency. The USDT is on a strong weekly resistance area around 3.88%. In which we can expect some reaction from the bears, which will benefit Bitcoin and others. Level must be monitored for good entry's opportunities.
TOTAL updateUpdate on TOTAL after following our channel over the last couple of weeks and coming to our fib resistance point. I feel we will reject or just barely come above that fib before a retrace back to allow our 200 moving average to remain sideways and up.
As always these are only ideas and not guarantees. Please only use this as opinion and do not base your trades or finances upon this analysis. Simply looking at trends and where we may be at in terms of corrections.
Good luck
ETH MCap just hit the Moon🌕 Then Blasted Off 🚀Times like this, you just have to admire the art in chart.
If you refer your eyes to the Momentum Indicator (top right).
The downward price momentum was greater and hit the lower extreme 93 %
On the first downward price impulse from the recent swing highs.
Classic diverging indicator action at it's finest folks.
KRAKEN:ETHUSD
CRYPTOCAP:ETH
TOTAL2 end-number 200+ trillion?Given some technics from the past few cycles we can establish that the duration of the "big gain" period is extending and the actual gains (%) decreasing. It could be more accurate, but the point is the bigger picture. Hold your coins. Don't get scared. You don't have to "buy the dip" and "sell the top", IF you have the patience and calm to zoom out and focus on the bigger picture.
🔥 Total Market Cap: Cup & Handle COMPLETEAround a week ago I made an analysis on the total crypto market cap. Here I noted that we were forming a cup & handle pattern.
Recently, the total market cap has yet again reached the resistance line drawn on the chart. Furthermore, the total market cap has yet to break though said resistance.
3 days ago we had our first test, today we're testing again. To 100% confirm the break out I'm looking at a value of >$2.45T (6 Sept high).
Once the break out finally happens, we're in for some crazy bullish price action. First target placed at $3T.
Happy trading!
🔥 Total Market Cap Forming A Massive Cup & HandleAfter almost hitting the all time high earlier in September, we saw a strong decline in market cap during September.
With bullish sentiment returning to the market, we might soon see the completion of a massive cup and handle pattern in the total market cap of crypto.
For October, my target lies at a 3T market cap, which is a mere +36% from the current value. In case we get a major parabolic move in the coming weeks, we could even get as far as 5T in November.
Generally, I'm very bullish on crypto for the coming months. Q4 is historically a very good period for crypto, so I'm expecting this cup and handle pattern to play out in the bulls' favor.