TOTAL Crypto Market Cap nearing bottomThe long-term sharply declining trendline has been broken a few weeks ago. Now we are forming a descending wedge on the weekly chart which has an 80% chance of reversing a trend. A confident upward channel is nearing the upper trendline of the wedge. It may find resistance there and turn back to lower levels. However if it breaks, we have a good chance of reaching the 1.1 - 1.2 Trillion Dollar crypto market cap.
The recent CPI data is making people happy but we need to see more positive fundamental data. Unemployment is still very low, spending is still ongoing at large. A real interest rate-pivot by the FED could mean a sharp return of inflation.
An alternating total value between 750B and 1.2Tr USD could be a realistic screenplay in the coming months. A trader's paradise. :-)
As for HODL strategies, I would still consider this a good level for some DCA. Historically extreme low convergences on the RSI and Stochastic RSI have proven to be good levels to accumulate crypto - BTC mostly as altcoins tend to bleed for a while even after BTC bottoms...
I still believe that visiting the 700B level is not out of the question which could result in BTC finding a new under 15k. The mpst negative possibility in my books is breaking down to a TOTAL crypto market cap of 400B which could take BTC down to somewhere between 10-12k proce range. That would be a great buying opportunity... :-)
Total
A look at the total market cap on the 3 month chartWanted to post this idea simply to show one thing and one thing only. The 2018 bull market top is holding support on the total market cap for multiple 3 month candles here. It broke on btc but is still holding strong for now on the Total chart. *not financial advice*
There are three types of triangle patterns: ascending, descendinHello, welcome to this Types of Three Triangle Pattern Update.
I have tried to bring the best possible outcome to this update
TRIANGLE PATTERN ANALYSIS:-
Symmetrical triangle; The symmetrical triangle follows a bullish trend, so watch carefully for a breakout below the ascending support line, which will signal a market reversal for a downtrend. The symmetrical triangle should be monitored for an upside breakout signal of a bullish market reversal.
A breakout from a symmetrical triangle is generally considered a strong indication of future trend direction that traders can follow with some confidence. Again, the triangle formation provides easy identification of appropriate stop-loss order levels – below the bottom of the triangle when buying, or above the triangle when selling short.
Ascending Triangle; Ascending Triangle Pattern
Because the ascending triangle is a bullish pattern, it’s important to pay close attention to the supporting ascension line because it indicates that bears are gradually exiting the market. Bulls (or buyers) are then capable of pushing security prices past the resistance level indicated by the flat top line of the triangle.
As a trader, it’s wise to be cautious about making trade entries before prices break above the resistance line because the pattern may fail to fully form or be violated by a move to the downside. There is less risk involved by waiting for the confirming breakout. Buyers can then reasonably place stop-loss orders below the low of the triangle pattern.
Descending Triangle; The descending triangle pattern is the exact opposite of the pattern we just discussed. This triangle pattern provides traders with a bearish signal, indicating that the price will continue to move lower as the pattern completes. Again, two trendlines form the pattern, but in this case, the bottom support line is flat, while the top resistance line is sloping down.
Which is formed in a downtrend. If it appears during a long-term uptrend, it is usually taken as a sign of a potential market reversal and trend change. However, each attempt to push the price up is less successful than the one before. , and eventually, the sellers take control of the market and push the price below the supporting lower line of the triangle. This action confirms the signal of the descending triangle pattern that prices are going down. Traders can sell short at the time of a downside breakout, with stop-loss orders placed slightly above the highest price during the formation of the triangle.
Hit the like button if you like it and share your charts in the comments section.
Thank you
📈 Am I The Only One Getting Excited?Is it me or people are really, really negative about crypto while the market is totally recovering?
It seems as if we are hitting new lows yet bitcoin is breaking up, the altcoins are moving up and even the stock market is moving up...
Am I the only one feeling positive or certain that this is not a "fake" breakout?
- If you know this is the real move, let me know in the comments...
- If you are still in a bad-mood, please, also let us know.
The cryptocurrency market is about to have the biggest, strongest bullish wave in years.
Stronger than the mid-2022 dead cat bounce.
Stronger than early 2022... So the biggest wave in years...
Let's enjoy it because we don't know for how long this will go.
---
Thanks for taking the time to read.
I appreciate all the people that take the time to comment.
It is my pleasure to write these trade ideas for you.
My wish is that you enjoy the content, you feel entertained and if you are getting started, you also learn a few tips/tricks...
Oh and of course, if you are a trader... It is my wish that you maximize profits, bear or bull, that you are blessed with the right calls, the best decisions, peace of mind, joy, entertainment while trading and tons of success.
Thanks a lot for the support.
Namaste.
WATCH OUT❗ BearRally Correcting Overleveraged MarketsHi Traders, Investors and Speculators of the Chart📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩(will be moving to corporate some time in Jan 2023)🏫
Bearish market rallies are meant to look like bottoms - shaking many holders out of their positions. This is because Stop Hunting Algorithms flourish here, hunting out your stop losses with wicks and volatility. In this short analysis, I explore the Total Cryptocurrency Market Cap in depth, using Technical Indicators such as the Bollinger Bands, Volume and Phoenix Ascending.
A formidable resistance zone is currently at 1T for the TOTAL chart, and I would only consider a reversal if we can CLOSE a WEEKLY candle ABOVE 1.1T ⬆ In other words, remember to take profits during a time of upward price action.
IMPORTANT XRP and XLM update coming tomorrow, stay tuned and follow 👀
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📈 About To Gain TOTAL SpeedWe have a bullish cross here on the 12H timeframe for the TOTAL index.
EMA10 is crossing EMA50 to the upside... Things are about to gain speed.
Ever since early November, 2 months ago, EMA50 has been working as resistance. Trading above this level opens the door for sudden jumps/fast growth... Are you prepared?
Cryptocurrency will help us to have a nice start to 2023.
Cryptocurrency will protect our livelihood in 2023.
Bitcoin, Ethereum, all the major and minor altcoins have been preparing to grow for a very long while now...
This chart is just another indication, another confirmation that yes, cryptocurrency as a whole will grow.
In Q1 2023 and maybe through Q2... Hopefully, who knows.
But the first quarter of this year we are looking strongly positive.
Take care of everything you need to take care of in order to maximize profits and prepare for what might happen after this bullish wave ends.
Namaste.
TOTAL - SAFE ENTRY IN 2023Welcome to my first 2023 analysis!
2022 was a bloody year, for all of us. We all have suffered significantly. I, myself, didnt expect BTC go down lower than 20k but the FTX tragedy changed everything. But 2023 can be a relief year a bit however we have a long time ahead to start the real bull run. I also believethe the top will happen in 2025. Anyway,
I have illustrated the safe entry here. I think technically this is a must to follow. If the above pattern happened (green line), then enter at the pulback ( green dot ). If not, wait for more discount .
📈 TOTAL Market TurnsThe TOTAL Cryptocurrency market capitalization managed to move above the 2022 June low.
This low stands at 762B and we are currently trading at 779B.
While there hasn't been much action lately think about this...
We have more than 6.5 long months of consolidation, exactly what is necessary for capitalization to increase.
In the past, while we were hitting new lows... This would happen frequently, over and over, no stop.
The drop from November was ferocious and strong.
The fact that we've been going sideways for so long is an indication that the next move is more likely to go up... We have many other bullish signals.
Back in July, August the bulls where still all happy and strong...
The bulls are demoralized now, weak, defeated... They have given up.
Once this happens... The total market turns.
Namaste.
where should we buy cryptocurrency for long timehello guys...
sorry for the delay in my analyses, I was on vacation now I have come back to my routine life...
Accept this analysis as a Christmas gift from me, my dear friends...
as you see on crypto maps or on your watchlists some cryptocurrency starts a few bullish movements, in my opinion, it is just a correction and the main bullish movement doesn't start yet, just wait. but in special cases like BINANCE:ADAUSD you can start to pick some of it just in case.
if you want to hold crypto for 2-5 years, I suggest you according to your balances get a long position in three areas by this weights:
this level: buy 30% of your balances.
for instance, if you have 10000$ in your wallet, fill 3000$ in this area.
on 600B level of CRYPTOCAP:TOTAL buy 40% of your balances.
and on 350B level of CRYPTOCAP:TOTAL buy 30% of your balances.
ENJOY!
By the way, do you enjoy my Christmas tree?! :)
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Total 3 - I think Altcoins havae bottomed!!!Giant wedge from the top, we just hit the bottom of it, I think altcoins are about to rip faces along with the rest of the markets. Hard to believe now in the depths of the bear market but the best thing to do is to just play the charts. Still need confirmation but I'm getting excited.
new analysisIt's really hard to explain this
but we have a slight downpour, and then about 1 month to 45 days the market is bullish , and the altcoin will grow between 100 and 1000%, currencies with high market caps like Ethereum 100% and currencies with low market caps up to 1000%,
and then we have a terrible fall that many currencies will be destroyed
if you like analysis with me. Join me and make a profit to message me or comment
I put 7 new analyzes I will let you see all the analysis to pay attention to the analysis dates and do not harm
10 TradingView Crypto Indices You Should Know!📉📌 10 @TradingView Crypto Indices You Should Know!
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. And I want to start by thanking @TradingView for putting these indices together - making our life easier.
A couple of days ago, TradingView posted a tweet (attached on the chart) highlighting these 10 Crypto Indices. So I thought it would be a good idea to go over it and post its analysis as per my trading style.
So grab a cup of coffee or tea, and let's enjoy it together 😁
📌 BTC.D - Market Cap BTC Dominance
🗒 BTC.D is rejecting a strong support zone in green. For the bulls to take over short-term, we need a break above the last minor high in orange.
And for the bulls to remain in control from a medium-term perspective, we need a break above the main high in gray.
If we break below 40% level, then we will be expecting BTC.D to dive inside the green zone.
📌 ETH.D - Market Cap ETH Dominance
🗒 ETH.D has been stuck inside a range. For the bears to take over, we need a break below the orange zone and lower red trendline. In this case, a movement till the 13% green zone would be expected.
In parallel, for the bulls to take over, we need a break above the upper gray high. In this case, further bullish movement till around the upper red trendline would be expected.
📌 USDT.D - Market Cap USDT Dominance
🗒 USDT.D rejected our blue support zone last week and traded higher. We are currently sitting around a supply zone. If we trade higher, then we will be approaching a strong resistance zone in green.
For the bears to take over, thus for the bull run to start for Crypto, we need a break below the blue support AND lower blue trendline.
📌 USDC.D - Market Cap USDC Dominance
🗒 USDC.D is overall bullish trading inside our two red trendlines. For the bulls to remain in control, we need a break above the last major high in green.
Meanwhile, USDC.D is sitting around the upper red trendline acting as a non-horizontal resistance that might push price lower inside the range again.
For the bears to take over from a medium-term perspective, which would be healthy for the crypto market, we need a break below the lower red trendline. In this case, a movement till the 4% support zone would be expected.
📌 TOTAL - Total Crypto Market Capitalization
🗒 TOTAL has been overall bearish for a while, and lately we have been trading inside the red channel.
The next support that might hold TOTAL up is the 500B - 600B demand zone.
For the bulls to take over from a long-term perspective, we need a break above the 1 Trillion round number in blue.
Meanwhile, every bullish movement would be a short-term correction.
🗒 TOTAL2, TOTAL3, OTHERS and TOTALDEFI charts are very similar to TOTAL
📌 TOTAL2 - Total Market Capitalization (Excluding BTC)
📌 TOTAL3 - Crypto Total Market Cap (Excluding BTC and ETH)
📌 OTHERS - Crypto Total Market Cap Others
📌 TOTALDEFI - Total DeFi Market Capitalization
📌 DEFIETH - DeFi/Ethereum ratio
🗒 DEFIETH is stuck inside a range.
For the bulls to take over, we need a break above the upper gray zone AND upper red trendline.
For the bears to take over, we need a break below the lower gray zone. In this case a movement till around the 15% demand zone would be expected.
Hope you find this article useful. Feel free to share your thoughts or request any chart analysis.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Total Energies to see a higher correction.Total Energies - 30d expiry - We look to Sell a break of 55.39 (stop at 57.11)
We are trading at overbought extremes.
A higher correction is expected.
A break of the recent low at 55.51 should result in a further move lower.
Bearish divergence is expected to cap gains.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
Current prices have reacted from a low of 55.56, however, we expect further losses to follow.
The bias is to break to the downside.
Our profit targets will be 51.21 and 50.21
Resistance: 57.30 / 58.50 / 60.44
Support: 55.50 / 53.60 / 52.20
Disclaimer – Saxo Bank Group.
Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis , as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
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💥$TOTAL2 - STRUGGLE CONTINUES✊🏽We all anticipate for the bear to end but charts are proving otherwise. The crypto Total Market Cap Exclude BTC chart shown here indicate that we have liquidity sitting at $208B.
A breakout below the triangle will quicken this bias.
What do you think?
Not a financial advice 🙅🏼♂️
Share your opinion in the comment section✍️
Please support this idea with a 👍 if you find it useful😋
Happy Trading💰💵💸
💥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💰💵💸