Total
#TOTAL (Crypto Market Cap Elliott Waves Analysis)Hello friends.
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Everything on the chart.
Nothing has changed we got correction as i earlier expected.
Right now main target zone by total is 1.2 - 1.25T zone,and maybe even 1.5T(will depends on BTC)
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Oldest Trendline brokenTotal Oldest trendline (From 2015) Has just broken and nobody cares about it, Is this an small thing that we should ignor it?
Come on, let's forget the 3 year Strong horizontal resistance. Let's buy bitcoin because Tim Draper for the 100th times, say's that bitcoin will go to 250K, So ignore all the chart resistance and just buy the dip
TOTAL Crypto Market Cap 1 HR TOTAL - Total Crypto Market Cap 1 HR
Volume coming in! Above the 200 MA and holding for now...
Peeps buying #Bitcoin and Crypto.... <---
Banks are Failing.... <---
Silvergate - Silicon Valley ...
#DoYourOwnReasearch
Lets See what happens this week!
Gonna be interesting...
Good Luck Out There!
TOTAL Crypto Market CapAs with many other Markets, Crypto took a Dive as fears about SVB came tot he surface but as soon as ideas of safty came out, Look how it recovered. This is one of the MAJOR advatages of Crypto, it really is 24/7, trading any day and at any time. Some people Still cannot get their heads around that.
Anyway, Look at the Volume that came in. thats shows Huge amounts of support
But for now, the Rise in PA may need to take a breather as getting overbought on lower timeframes, and yet, given how the markets are, it would not surprise me if PA jumped once more at some point - it really is a matter of Watch what happens and react accordingly.
Fundimentals may emerge that could knock Crypto market heavily, for instance, the Universal Commercial Code (UCC) guidelines update, - that is actually a new law that bans crypto as a "Currency" but paves the way for CBDC's. Be VERY careful about this.
Best to buy crypto after the next stimulus checks It's no coincidence that crypto bottomed when stimulus checks got cut; and US personal savings(USPS) sky rocketed to many multiples over the previous ATH. You see where the money went and disappeared. It took crypto prices with it and it's not likely to rally much without some serious cash influx via stimulus and/or rate cuts. So best case it ranges in the meantime, long period of consolidation. It could go quite a bit lower too, with regulations and taxes coming soon.
This part is pure speculation, but I see Wall Street and the governments want to control it. So they will beat it to a pulp first, then scoop what's left and make their own regulated coins. The DTCC is already testing out blockchain ledgers and the Treasury and Fed want in on it too. Perhaps a gold-backed CBDC like Russia and China want, to sure up their currency strength. All legal crypto will need to be centralized through the government blockchain, along with all credit card transactions, bank deposits, ACH transactions and wire transfers. All transactions will be funneled to the government blockchain, so taxes will be taken instantly. They need this desperately because tax receipts currently have no hope of catching up to spending, and we're already tapped out on debt limit. Eventually all off-chain transactions will become illegal above a certain threshold.
Market Overview Hello everyone!
here is a simple chart with a simple analysis to illustrate my point of view about the next market movement.
- I see that Market has a very important support around at 850B and another very important one at 750B
- in my opinion, pulls will be able to hold 850B support for a while to make an upside correction then drop again to test 750B support.
- weekly and monthly candles look bearish, so you have to watch the market carefully and stick to a very restricted risk management strategy.
- DCA from the current prices to the last bottom will be perfect for mid and long term traders.
be safe and don't gamble with your money!
Thanks <3
📈 Cryptocurrency Set To Grow In March & April 2023 (1.45T)You know what a "shakeout" is?
You know what a "correction" is?
The TOTAL Cryptocurrency market capitalization is set to grow in March and April 2023.
Likely to go to 1.45T or more.
There can be some stronger negative action down the road but it will be an easy ride compared to 2022.
Don't let them shake you out of your positions.
Hold easily and calmly.
The best is yet to come.
What we saw in January 2023 and early February was just a small taste of what we will see develop now.
Of course, only the strong ones will be able to benefit from this wave.
The weak ones will fold.
On which side are you?
Share in the comments, we welcome ALL, bullish and bearish of course.
We are on the bullish side.
Any corrections and retraces can be used as an opportunity to buy-in, rebuy and reload.
Namaste.
TOTAL Crypto Market Cap WEEKLYThe chart speaks for itself mostly. PA still in long term descending channel, Wicked down to lower trendline and found support
VRVP shows a lot of resistance above and not a lot of support below IF PA breaks out of channel
Fundimentals right now are very Biased against Crypto and to many extents, unjustified. IT is the simple Fact that Crypto has been relent on Banking to ALLOW funds into Crypto space and as we have seen, the issues on some banks liquidity forcing Crypto to pay the price. It is much the same situation as we had in 2008 - Banks Lending to possibly unsecure clients.
Once Crypto has its own Financials, independent of the Trad Fi banking System, will this change ?
Only if the Cobwebs of " I lend to you, you lend that out and then it gets lent again and we all crash when one can't pay" Stops happening.
Anywya, on a TA Front, PA broke out of long term resistance and is currently coming back down to test it as support Simple Bullish behaviour
Just needs to be "Allowed" to carry on......The FED may try and find something else to try and weaken t
BTC - Inverse Head & Shoulders 🍰 Analysis #10/50Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
As per my last analysis, we know that BTC is still in an Accumulation in the shape of a potential inverse head and shoulders .
📉 As mentioned, for the right shoulder to start , we need a break below the last major low from H4 (in gray)
Now since, we had that break, the next step would be rejecting the 18,000 previous major high and demand zone.
But of course, we will not buy blindly there. Especially that this bearish movement now is driven by fundamental news.
📌As per my trading style:
As BTC approaches the 18,000 zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Which scenario do you think is more likely to happen? and why?
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Overbought/Oversold BTC + fib levels This analysis is purely based on TA.
The bottom pane indicator represents peaks and troughs of the dollar's correlation with BTC, but the dollar is valued against bonds and gold. This is due to it showing the demand for cash/capital against safe heavens, therefore illustrating the beginning and ends of different economic cycles (states).
- Works by showing trend reversals or sudden increased strength of the trend at the purple middle line (correlation +above,-below) and it's peaks and troughs.
TOTAL CRYPTO market cap, in trouble ?This is the 4 hour chart from, on the left, the Low after the FTX Scam to current PA and as you can see, even though people are worried, PA has not even retraced back to the 382.
There is a possibility that the next few weeks may well see PA drop lower and there is as much chance it may go higher
Fact remains, PA is approaching OVERSOLD and as you all know ( mostly) this means ability to go up under the right circumstances
What is amazing is how, as seen on this, the bears tried taking it lower but the Bulls stepped right back in. We have Support Still.
The DXY will be the trigger for the next few weeks now while we wait for the expected 25 point rise
Bitcoin, in its own right, is in a very similar position to this chart. The possibility exists of a pull back to the 2017 ATH line, around $20K and under catastrophic circumstances, $16K but this would be extreme.
Lets see how the week closes before we make to many choices I say
TOTAL MARKET CAP 12Hr UPDATE BY CRYPTOSANDERS
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TOTAL MARKET CAP ANALYSIS UPDATE:-After getting rejected from the strong supply zone, it is now bouncing off the ascending trendline support, where the Ichimoku cloud is also acting as a support.
The MACD crossover is losing bearish momentum, and as long as it holds above the Ichimoku cloud, we can expect a continuation of the bullish trend. While a solid break of the Ichimoku cloud will signal further correction in the Alts.
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Update2: BTC Scalping short trading opportunity
This is the sequel to my previous idea .
The support line of the diagonal triangle has finally been broken.
The coordinate of point (A) was erroneous, so I corrected it.
TOTAL and Nen-star patterns formed.
Recommended TPs unchanged (see also gray-color zones of the Fibonacci extension.)
For details, please take a look at the related ideas below.