💥Weekly Timeframe Analysis for $TOTAL#TOTAL (UPDATE)
Here is what to expect on crypto total market cap for the next few months. $TOTAL is clearly bearish. But we may see a small pump towards $850B - $900B for market to seek liquidity before the drop. If price should drop from $900B market cap to $640B then $558B, imagine the outcome on Bitcoin.
Also, if the crypto total market cap should drop from its CMP @ $804B market cap to $400B which is -2x, what price do you think Bitcoin price will fall to??
$8,500; $9,500; $10,500, $11,500?
What’s your perspective?
Not a financial advice 🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a 👍 if you find it useful😋
Happy Trading💰💵💸
SHITPERP
Healthy checkback in #CRYPTO markets (So FAR) #SHITPERPCheck back of down channel break
Where do we go?
The August high was a major resistance test and understandable point of inflection.
going forward overcoming this level , in my mind would signal Crypto Spring.
i.e Winter over!
But Spring is not summer... pullbacks and tests of key levels will still occur.
ShitPerp Moon Soon ? Will it rise to the Moon? Can it? The ShitPerp chart is not very long but so far it has maintained about this uptrend, will a big bounce happen, will it go higher than the target ? Is the ShitPerp going to save us all during these hard times ? Is now the time of the ShitPerp ?
Go go Shitperp powers activate ?
SHIT-PERP (Shitcoin index on FTX)The price of Shit-Perp futures is tied to the price of a basket of coins with low market capitalization and uses their weighted average price. One futures - 50 coins!
AE, AION, ARDR, ARPA, BCD, BEAM, BTG, BTM, BTS, BTT, CHZ, CKB, DGB, ELF, ENJ, GNT, GRIN, GT, HBAR, HC, ICX, IOST, KMD, KNC, LAMB, LRC, LSK, MANA, MATIC, MCO, NANO, NPXS, NULS, OMG, POWR, REN, REP, RVN, SC, SNT, STEEM, THETA, TOMO, VSYS, WAVES, XVG, XZC, ZEN, ZIL, ZRX
TrendTracers Weekly Market Analysis #14TL:DR
Review last analysis
Being conservative was the right play regarding the recent dump, since the worst case scenario happened. Price broke through the first major area of support and tested the second one faster than we anticipated , we took some losses because of that unfortunately.
Conclusion
Well, the market gave us a nasty crash last week which definitely changed some dynamics in the market. BTC flipped to the bearish side while ETH is still showing strength to the upside. Midcaps are still not interesting but some shitcoins might still be worth it for the short term. After big moves like this it’s a good idea to take a step back from the market and look at the bigger picture to forge your plans. There is no need to rush into anything based on the charts. We will keep you updated on further developments in the discord.
BTC
Bitcoin broke through the major area of support and tested the 40-43 area. The buyback is promising but we are still below the 53k resistance. As long as the Weekly candle doesn’t close above the 53k level a retest to the 42k area is likely.
BTC.D
Crypto in general had a very “red” week, interestingly BTC.D went down by about 2-2.5% this week . This correlates with the strength ETH is showing in the charts. If the BTC.D breaks down below 40% we can expect the chart to make new ATL for the first time since 2018.
ETH
Ethereum never closed below 3800 and it looks like ETH will close above the weekly baseline this week which is very promising.
ETHBTC is breaking out of it’s Bull Pennant and is moving towards our predicted target from last week. This in combination with the fact that ETH, for the first time in history, having a market cap over half of that of BTC is a very strong outlook for Ethereum’s near future.
Long positions will be on our agenda If ETHUSDT closes multiple daily candles above 4500.
USDT.D AND DXY
USDT.D reacted off the 2.5% low ,instantly testing the top of the range at about 4%. Right now it’s hard to tell if USDT.D is going up or down in the near future because it’s in the middle of the range between 2.5% and 4%. The break out of this range will help us determine the longer term trend of the market, so we will be watching closely!
DXY didn’t do that much, we’re still waiting for a break above 97. Otherwise the DXY will probably reject and retest the 94 area.
ALTS
MIDPERP failed to finish the ascending triangle pattern. Last week we said that we wouldn’t be bullish unless it closed above 4300, it never did so this told us we had to stay out of the Midcaps. MIDPERP broke down of the pattern and tested the low from July earlier this year at 2600. There is no reason to be bullish on the midcap until it starts closing above 4k again.
SHITPERP rejected from ATH and made a good pullback to the Baseline and previous support around 6200 finishing with a nice buyback to the 8k support.
St❤️rj looks like it wants to head higherWhat do I like about this chart?
Putting in double-bottom structure very close to the .786 fib. I can buy at this level. A level where one can expect markets to turn if buyers are long. Limits my down side risk not buying the top of the market. A retrace to the 50% level, not far fetched imo, will almost double our money. Just above there are some wicks that will have to be "eaten". Price will often return to discover these. I've been nibbling from about $.93- $1.04, but am considering adding if this weekly double confirms and closes above the $1.10-$1.12 area. My risk is to zero.
There is a very distinct and confirmed bullish divergence in OBV.
There is some buy volume but would like to see it gradually stack higher.
It isn 't quite oversold, and it may not get there, if it turns up like the chart suggests.
Volume profile needs to be filled. Price dipped into value low, rejected it, and is now, I suspect, heading toward value high. Markets will do this frequent enough that I feel comfortable with TP there.
I like the story behind it, too.
This is not trading, financial, or life advice. I'm a beginning trader/tech/fundamental analyst. Received my discretionary trader's education from TRi, School for Trader Development.
COINBASE:STORJUSD
BINANCE:STORJUSDT
SHIB Daily Chart OBV above 600T - "sub-prime crypto penny" LOLHouston, wew've got a problem with this rocket. The Daily charts are breaking dials, the programmers at TradingView are arguing what's after Trillion, Gazzilion, or what? LOL We could actually reach our totally whacked target of 0.00009x to just kiss 0.001 before a pullback.
Now, this is not financial advice, we are all part of a massive train wreck that's happening is very slow motion, unless you look at this Internet Currency "sub-prime crypto penny".
I have to be neutral here because yes, it's nice to follow the parade and chants in the streets feeling rich, one absolutely need to find side streets in case the mass decides to evacuate this parade in a hurry. Don't sell out since if there's a magician that shows up to this carnival with a rocket burn, we could see a "zero" drop off which is a 10x. So $1K here, could be $10Kk but it might drop to $200 first or $50, so if you get on this coaster, bring more than one puke bag! LOL
Whatever you do, keep taking profits and keep a seat on this ride. Let's have some fun. Go SHIB 9000 today! You can do it puppy!!!!! YEAHHHHHH!!!!
PS "Neutral" in taking profits just based on euphoria and short term consolidation and overall market risks.
I would not want to be the RobinHood CEO. He has a fork in the road and neither option is really safe for him! LMAO!
SHIBarmy maintain the 4400 line! on SHIB!Watch your gains SHIBarians. We are facing bears at the 4600 line, if we hold the 4400 line, we will push past all time highs into the 5000+ This is healthy consolidation crypto style...
Going neutral on the trade waiting confirmations. Bullish confirmation to dog pile back on above 4600 otherwise or possibly lower if we consolidate some more after these nice moves up. Certainly would not short this dog but taking profits to have dry powder is perfectly a good trading style.
Disclaimer: This is day trading and aggressive trading strategies. The newbies might just want to buy and HODL for dear life until this rollercoaster heads back to the 3000s. Then all dog for himself/herself. This is a FOMO MEME play with a long shot being top dog because the old dogs know what the heck happened.
Keep 25%-33% SHIB core in Shitcoin longshot. But take your profits and freeride the rest ASAP.
Not finacial advice, I'm not certified by the banksters and banksters regulators, you know, the guys to create toxic instruments of mass financial destruction pretending to be on the side of the little old lady or man. World governments didn't jail the banksters in 2007-2009 financial crookery, well math and Bitcoin is jailing them now.
SHIB is the world army heading to NYC with pitchforks and shovels. The swarm is coming! That's why Cathie Woods moved operations from NYC to elder heaven in Florida! She prefers natural tornadoes to World Wide SHIBarmy coming for Wall Street Banksters!
Vote with your wallet! "In what currency is your pennies? In mine? It's SHIBs and Sats" My government banned the pennies - too expensive to make because of world debasement. We round stuff up the the nearest nickel and in ten years, we're round it up to the nearer CDBC dollar!
Keep some SHIBs, DOGE, ETH and BTC in your wallet! Short term, watch for buying ops...
PUNDIX consolidation $1.42-1.61Nice chart on a crypto dug up by Aussie buddy. Not sure where he found this bone but it looks like theres a possible runner here! WOOF! Pundix could be a nice runner or might bite. Assume the bite and prepare for the run... LOL
I know nothing about Pundix except that it's connected to Australia and that the only civilized country without a Human Rights Charter. A little wild, probably because Australia was jail island for the British so there's a concentration of bad boys and girls. And it also has half the world's deadliest animals and insects.
But jump on this animal's pouch with me, pull up a pint, and let's go hop to the best opportunitues. I need to make my way down under one day!
PS Do NOT traded with UDST, that's an illegal crypto as per their UK regulators, the world just hasn't clued in yet. Pick ETH as your trading pair on this but don't do market orders unless you with to pay for market lessons on this one. LOL
Note the bullish OBV, someone is accumulating quietly at this range. That's could be a pre-cursor to this dog running! WOOF!
SHIBArmy! Maintain 4200 line, $4200 here is $10M SHIB=pennyVery bullish. Any technical analysts pro with charts on equities are going What is Going On!
Well, Welcome to SHIB! The Chart showing M2 debasement world wide. Trade those pennies and pesos to SHIBs regardless who's monopoly's money you are using. There is only one sovereign Internet Currency and that's Bitcoin. That's for the rich people.
The mass will be converting their pesos, liras, pounds and pennies to this cute little runner.
Raise your hand if you plan to give SHIBs for xmas presents? Are you buying them at 4200? or 8400? or 12000? Because that's still 0.00012000 and with a long BURN to SHIB = World Penny! Or maybe it's a sat? Or maybe it's a race?
Going neutral here because this is WAY OVERBOUGHT and in need of a pullback?
75% LONG
25% cash-is-trash, FIAT devaluating junk at -10% per year, hoping to re-enter sub 4200. Maybe will divert to King BTC or Queen ETC. Little fool SHIB is all over the board! Me thinks SHIB is a knight with black and white stripes in this massive Game of Coins!
Enjoy the rocket ride up people. Let the world army of individuals vote with their pennies! For the rich folks, it only takes $42K to be SHIB Billionaire...
Put the trade as netural as there is possible retrace here but we could shoot up to a penny after a burn announcement, relating to NFT renames, and Robinhood Listing (Finally!) Bear immediate term depending on the overall markets but don't be sidelines on this one. Hold a 25% core until the end of the Bitcoin Cycle run expected early 2022.
Gallivanting-Barmey Annulment I have been absent from this coin for quite some time. Recently, I have entered the basket. I have seen a number of you Posting a codswallop of information, stating that this coin may return to the .035 threshold. As you can observe, we have a promising future here shortly. While indeed bitcoin has been dodgy, we were able to make a few quit this week nonetheless. This coin here has more promise than these newer filch coins. The quid forward. Cheers and good health to you all.
SHITPERP ideaSeems a bottom is trying to form right above a previous channel that had been broken out from
This is the index for altcoins
Hopefully this acts as a point that will hodl and provide us a bottom to lead forward
It does seem that the market is quite confused right now,
the way I see it is buy as many dips as you can (if you have the capital)
I really doubt the bull run is over
I am long some altcoins, hence my long position on this post
Short #SHITPERP for $5000I am bearish on #SHITPERP for the following reasons
I see more red volume above average. This tells me distribution.
Super Algorithm Indicator has called bearish today.
It has excellent success rate calling bearish on SHITPERP. Below are the past times it did so
There is a valid TD sequential sell with targets shown from the TD
Ichimoku is strongly bearish.
Price is below the tenkan and kijun. Bearish cross is likely. Chiku has very tall candles in front showing that it will be extra difficult to go up. The cloud is very near indicating a very possible case of e2e where price goes to the other end of the cloud.
Bearish-Crab PatternGood morning and good weekend to everyone. We now are climbing steady. We since noon yesterday now can see a trend going up successfully. The market has flipped a switch to follow another Flubberbuster. We now have a Bearish-Crab pattern. We all on February 11 are going to a 1.10 mark. Small dip is able to be possible at 1.05 this evening. We on the 10 at 2:30 will enter a dip down to .9103030 or lower. This morning we all can see dip after 1.05. On February 9 we all can see a dip to .92916 or less. Not moneies advice. The gains forward.
SHITPERP a general pullback in AltsI am putting out a lot of bullish charts for what is considered "shitcoins". I am always at the lookout for topping signals and this index of some 50 shitcoins is in a rising wedge, reached resistance and formed bearish divergences on the daily. Price reached the 1.217 extension commensurate with the waves of a starting diagonal. So if this is wave one of alts season just imagine where wave 5 ends.
At the end of August 2020 I thought Alts season started and could not be stopped. I didn't pay attention to topping signals. The outcome was a slump in Alt coins until now. The idea is below.