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.
Total
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
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
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.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
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.
TOTAL - Crypto market phases🟩🟨🟥⬜️Update on this chart since ~5 month dear Crypto Nation😎🚨
These repeating patterns of different market phases are still valid IMO🟩🟨🟥⬜️
Did we finish the A-B-C correction and are at the start of the Bottom market phase for Cryptocurrencies ❓
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Major Reversal Symbol Flashing for $DXYThe "TBO" indicator was created to show the strength of the trend as well as show breakout and reversal signs. The U.S. Dollar Index (DXY) has been an important metric for gauging the sentiment of TradFi markets (SPX, DJI, FANG, XAUUSD) as well as crypto markets (BTC, ETH, TOTAL), which means that all TradFi and crypto traders should be paying attention to this chart for two reasons:
If DXY is bullish, TradFi and crypto markets tend to trend bearish
If DXY is bearish or consolidating (moving sideways), TradFi and crypto markets tend to trend bullish and are more susceptible to bullish breakouts (like we've seen market-wide since November 2022)
So going back to the "TBO" indicator and its importance in showing DXY's sentiment, when looking at the current day (February 17th) we can clearly see several "TBO" Close Short symbols (the orange diamonds below the candles). These symbols tell us that the trend could be reversing soon, and that we should consider taking some profits out of our short position.
With this information in mind, and judging by past performance of the "TBO" Close Short symbols indicating upside reversals, we will be paying even more attention to three of these such symbols printed in a "cluster," indicating a stronger possibility for DXY to move to the upside, thus resulting in bearish sentiment for TradFi and crypto.
There is no way of knowing how long a supposed upside reversal will last according to the TBO, so caution must be exercised moving forward.
*Note: the "TBO" indicator is written with quotation marks because there is an existing ticker for TBO, which is not related to the Trending Break-out indicator. To prevent hyperlinks from showing every time we type TBO, we have added quotation marks.
BTC VS TOTAL 1W - Pattern invalided? During Deathcross BTC creates first the cross then TOTAL
During Goldencross TOTAL creates first the cross then BTC
The last Goldencross now in February (2023) BTC created first the cross then TOTAL.
Is the cross invalided?
Furthermore the next levels are 9% to next Reversal Point. Price: $26780
The average of 35% (based on the 2 previous Golden Cross) gets us to $29200.
Date Date. Days of. Price. Price
Start End Type Differene Open Close Difference Market Days 1st 2nd
01/04/18 08/04/18 Deathcross 8 $6.808,00 $7.020,00 3,02% -5%. 8 BTC. TOTAL
19/04/19 24/04/19 Goldencross 5 $5.258,00 $5.416,00 2,92% 150% 63 TOTAL BTC
13/10/19 26/10/19 Deathcross 13 $8.280,00 $9.244,00 10,43% -37% 36 BTC TOTAL
14/02/20 18/02/20 Goldencross 4 $10.360,00 $9.684,00 -6,98% -53% 25 TOTAL BTC
25/03/20 02/04/20 Deathcross 8 $6.737,00 $6.751,00 0,21% 50% 46 BTC TOTAL
19/05/20 21/05/20 Goldencross 2 $9.800,00 $9.071,00 -8,04% 35% 95 TOTAL BTC
19/06/21 07/07/21 Deathcross 18 $35.767,00 $33.836,00 -5,71% -22% 38 BTC TOTAL
31/08/21 16/09/21 Goldencross 16 $47.116,00 $47.775,00 1,38% 36% 39 TOTAL BTC
14/01/22 23/01/22 Deathcross 9 $43.097,00 $36.224,00 -18,97% -19% 9 BTC TOTAL
07/02/23 13/02/23 Goldencross 6 $23.243,00 $21.780,00 -6,72% ONGOING BTC TOTAL
TOTAL Crypto Market Cap DAILYThe TOTAL PA is sliding down the Support nicely while the MACD cools off. Its not ready to turn just yet so we may remain like this till Weekend.
The Long wicks show the battles going on right now and you can see how the 50 MA ( Red) acted as support yesterday.
There is little doubt the Bears are trying hard to drop the price but the Bulls are holding on
Support should hold despite the FUD and attempted destablising by the IMF nd SEC, which are all representatives of the traditional Banking industry
No surprises there then