Crypto Total Market cap Update ( -54% fund out from crypto..? )Crypto Total Market Cap Update :
Now Total Market cap is 1.381 Trillion dollar.
And It went upto $2.577T
Mean to say that almost -54% down from High.
Too much fund out from crypto.
So now..?
Now $1.3T is strong support if this hold then we can see BTc and Altcoins sessions also.
But if break down then many panic and Hard dump possible.
So I am watching closely and You also.
If this support hold then we can see one big Altcoins and BTC sessions.
Support:- $1.30T
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Marketcap
ALTCOIN-MARKETCAP, Breakout Above Major Reference-Zone Incoming!Hello,
Welcome to this analysis about the ALTCOIN-MARKETCAP on the 4-hour timeframe perspectives. As already mentioned in the previous analysis that can be found when looking at my profile the biggest Cryptocurrency by market-cap Bitcoin has formed some important alignments in terms of the Wyckoff Accumulation and also Hash-Ribbons dynamic that a bullish development in the upcoming times has a high possibility. Now this does not necessarily mean the whole other cryptocurrency market excluding Bitcoin is bullish as the divergence between the cryptocurrencies is increasing especially compared to Bitcoin it is important to differentiate these aspects to do not just consider the market in the same direction, with the same volatility and amplitude.
Structural Developments:
As when looking at my chart now we can watch there how the ALTCOIN-MARKETCAP has developed this local ascending-channel-formation in the structure that is marked in blue in my chart, within this ascending-channel the Marketcap has formed a coherent wave-count with the waves A to D almost already completed and now with the wave E about to form already showing up with some exceptional increased volatility in the schedule. As it is seen in my chart this wave E is testing the main descending-trend-line marked in black in recent times, this trendline is an important reference point of resistance here as it connects the previous lower highs. With the horizontal resistance in dashed grey, the market cap will validate this as support when breaking out above.
Upcoming Determinations:
Next times will be a decisive time here as when the demand in the ascending-channel increases further with the continued development of the wave-E it will lead to a determined breakout above this major descending-trend-line, such a breakout will be the appropriate origin of the wave-E-extension and appointing of the upper-target-zone. For now, we need to keep patient and await the breakout which will finally confirm as it is marked in my chart with the Marketcap final price-action above the descending-trend-line. Such development will activate the upper-target-zone consisting of several levels, the remaining upper-resistance, the point-of-control resistance, and also the target projection, when the Marketcap reaches out there a pullback is highly likely.
In this manner, thank you for watching my analysis about ALTCOIN-MARKETCAP and what is the likely breakout-determination that has a high possibility to follow up in next times, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best!
"The past, like the future, is indefinite and exists only as a spectrum of possibilities."
Information provided is only educational and should not be used to take action in the markets.
Hodling my Bullish stance - MCAPOn the daily for TOTAL2 we can see a falling wedge forming and nearly complete, after bouncing off the 200MA
While the MACD is showing signs of a double bottom also
On a larger perspective (right) I have plotted the curves that are relevant to the market and two points that are very comparable
We are experiencing a pullback within a bull market
Hodl
BTC Needs to do this. Hey all,
Lately people are being even more emotional than usually within the crypto industry. Many think that trading this market is very risky and requires you to be at the charts every single minute of the day. However, those that are doing that are trading with
insane amounts of leverage to push this market up and down. Which is fine in my opinion if you know what you're doing!
Let's talk PA, currently the weekly chart is looking beautiful, located within our key area of weekly demand together with the weekly 50EMA as extra confluence to go higher from here. By utilising multi time-frame analyis, we can see that the
Daily time-frame created demand as well after the trendline breakout, however price is still not moving rapidly to the upside... we are truly in a ranging phase.
What BTC needs to do to confirm a trend back up is to break atleast above $37000, if so the full market can go back in a great up cycle in my opinion. However the issue here is that normally based on the historical data since inception
of this chart, the average corrections of BTC are normally deeper which means that BTC can break 30k and if we go below 30k with a daily close I see it tank to 20k easily. Few months back I told people that 10k was possible in the bearish cycle and
maybe that is a bit far but I remember it going from 20k and calling around 3k as well. Let's see, be ready if you're not positioned and want great prices, be careful if price break 30k.
For now I am bullish and I've allocated more of my capital towards Crypto, besides my normal holdings in Stocks and the normal portfolio in FX.
Kind Regards,
Max Nieveld
Altcoin Market Assumptions and Phases This chart suggests we are consolidating before phasing into phase 2 which is intensely more bullish than the recent bull market we have seen
This is under the assumption that price action repeats as it did in cycle 1, which evidence for this can be seen in the green circle and the current place we are in the yellow box
Using my other charts I estimate the current bull cycle to end in June 2022 or early 2022, comparable to the last run
COPIUM It will go up COPIUM
Bitcoin dominanceI feel a lot of people dont really grasp the concept or how to manage there trades or look to trade certain markets with the dominance chart.
I see a lot of people looking for the dom to get low and then scream "ALT SEASON" not realising that the move towards that low WAS alt season and now your at a point where Bitcoin could recover or alts could pull back.
That brings me to my next point, as the btc dom increases a lot of people will interpret this as btc moving up and alts moving down, now in some cases that may be true but not always, in fact in some cases BTC can be moving down and the dom still increasing....that just means the alts are bleeding sats whilst btc is dropping in usd value so the alts get double ended...eeekkk
You see the dom chart is pegged against the USD % share of the crypto space vs bitcoin, alt coins do not have there own USD peg, they have a sat value and pending the current price of sats at the time (the price of bitcoin) it gets the alts a USD value.
If bitcoin was to suddenly drop 50% against USD the price of all the alts will most likely drop similar value as there value is propped up by the price of bitcoin.
Its because of this correlation that holding alt coins can be risky during uncertainty or bearish trends against bitcoin.
Now I dont often chart patterns on the dom chart but I do pay attention to key horizontal levels to build a plan around the probabilities of direction change of both btc and alt markets.
Right now btc is gaining dom whilst dropping in price, this means alts are bleeding sats and not a good idea to be holding in the alt market, instead this is a better time to be looking for shorts on alts against the usd market for buying power (now is not the time to be stacking sats as USD is going to give you the power power at the bottom)
If the dom continues this trajectory whilst bitcoin is bearish then the short game on alts/usd should be a profitable strategy.
If we see a pause around the 50% mark it will most likely be a temporary indecision in the market, this is not the time to be looking for opportunity and going all in on high risk moves, although it could work in your favor its best to wait for confirmed trend direction before " placing your bets"
For now IMO keep an eye on that 50% mark and lets reassess the market conditions when we get there.
Crypto MarketCap Support 1.194T is BrokenCurrently the strongest support is at the level of 1.1.94T and has been broken. The market will continue to fall, people will exit the market. So far the death cross has just started and the market cap could be much lower. Wait and see, the bounce hasn't been seen so far, don't enter the market before they stop at new support
market cap analyze TOTALAs you can see, the Total 2 Market Cap minus bitcoin chart, which consists of Altcoins, has lost a very important support floor, and at least its target is the black dashed line that has been marked.
But if he wants to show more of himself and go lower towards the target, he will have to lose the total and the total cup replica (chart on the right) of the support floor.
If the total support floor is lost, which is accompanied by a fall in the price of bitcoins, the rate of fall in altcoins will definitely be higher than bitcoins according to the indicators, and we will see a heavier fall in altcoins.
Crypto MarketCap Hidden Head and Shoulders Pattern (Rev)We can see, after the accumulation in the symmetrical triangle, on June 12, the close candle was right below the triangle which indicated the market was breaking down. This is reinforced by another pattern, on June 13 there was a hidden HnS, meaning that the crypto market capitalization in the next few days will dump massively. We are just waiting for the 3rd proof, if the MA20 crosses then be prepared for a significant decline in crypto prices
Crypto MarketCap Hidden Head and Shoulders PatternWe can see, after the accumulation in the symmetrical triangle, on June 12, the close candle was right below the triangle which indicated the market was breaking down. This is reinforced by another pattern, on June 13 there was a hidden HnS, meaning that the crypto market capitalization in the next few days will dump massively. We are just waiting for the 3rd proof, if the MA20 crosses then be prepared for a significant decline in crypto prices
Total Market Cap ForecastThe chart is similar to the Bitcoin chart. And it seems that half of the uptrend is left and we are about 400 days away from the end of the uptrend. And the recent correction was due to the collision with the midline. The Fibonacci timeline also marks the end of the climb and the uptrend.
If you see my bitcoin analysis as well.
I think we have to wait for the Altcoins pump and the slow uptrend of Bitcoin
Welcome to the altcoins season.
TOTAL2 Retest, Likely Further Collapse - PitchforkTOTAL2 Has seen some great growth
there is more to come for the bulls but we are now jus taking a breather and gearing up
at the 0.5 line is a strong and likely point of support for this price action
Being tested as resistance three times, to be tested as a support? It will likely reject upwards and continue with the bull run.
The Possible 2 Scenarios for Crypto Today. Tell me your thoughtsIf we look carefully the chart, we will see a huge crash in 2018, 58%. Then, the great final 768% pump came before the end of the bull run. Now, we have a very similar event, where we see a 50% crash. We haven't got one like this before, so maybe we are about to see the final part of the bull run, the very great one before the final crash.
I was specting BTC into the 30-38k range.
Or maybe not... What do you think?
It's Easy To See with BTC as easy as 123 all the data points are so easy to read. It looks like we should be recovering at least in the short term.
As long as we continue to bounce back off of 28000 I believe even if we ride the bottom for a again just the short term.
We should correct and hopefully return the bull market with new highs in august. worst case we break that 28 bounce back or not an re-enter
a brand new uncharted Bear Market.
Yeah ugly chart but shes oldschool and she works