Total
What's up about crypto market cap. TOTAL CRYPROCAPHello my friends. Everything is clear on the chart for you like always, I expect the bars to fill the second box and then come down again.
Good luck.
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#ALT MARKET CAP is on the run! 15% Rally ahead!Welcome to this quick update everyone,
Altcoin Marketcap is bouncing after printing a higher low.
The index reversed on 18th June 2022 with a low of $430.955 Billion Marketcap.
Currently its trading inside a rising channel and to cpmleyte it needs to print another higher high which gives us our short term target of $573 Billion, almost 15% from current level.
THERY TO KEEP IN MIND:-
Since this is a rising channel which is generally bearish in nature and often considered as a bearish continuation pattern unless broken to the upside.
This is a very interesting scenario here. BTC has been surprising us since the last few months and ALT MARKCAP breaking to the upside after printing a bearish pattern could be another surprise while the whole crowd is completely bearish.
This is just a theory. The chart along with multiple indicators are showing possibility of a 15% rally in this index which will eventually push the altcoins 20% to even 50%.
So take your trade decisions accordingly.
INVALIDATION:- A CANDLE CLOSE BELOW THE RECENT Higher low of $461 billion will invalidate this chart.
DYOR before taking any trade decisions based on this chart.
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TOTAL2 Can Grow by 150 Billion (25% Or More)Greetings my fellow cryptocurrency traders.
We are looking at TOTAL2 with a chart similar to Bitcoin and all major Altcoins.
This index is trading within a consolidation pattern which is very likely to break bullish based on how the market is doing when looking at the indiviual charts.
The targets are mapped on the chart.
We aim first at 670B but it can go higher.
We wait and see how this level is handled and after the data is in, it is easier to tell if it will continue higher or retrace to new lows.
More likely that a retrace after this target is hit ends up in higher low, to later hit a higher target before the next major correction.
This correction can set the bottom before sustained long-term growth.
That's my analysis of the crypto markets and this chart.
Namaste.
TOTAL CRYPTOCAP wants Expanded Flat CorrectionLooks like an expanded flat, wants to stop just at or below the top of support of the area where we broke above our 2018 ATH.
So, mid-term short and a stop @ ~660-720 million MC, then long around that area and look for a re-test of ATH and potential new ATH.
Could've stopped closer to the area where we are now, but already fell below the fib level and seems to want 1.618.
Total market upsideThe potential for a market upside is high. Currently price action is consolidating and there is an accumulation pattern a breakout to the upside will usher further move upward. A perfect Gartley may be in play. Retest of the 4H 200ema is foreseen and then a retest of the previous range support at 1.17 trillion.
CCI is in an uptrend.
MSNBC and Jim Cramer said that Crypto is dead so that's a buy signal.
The Chuvashov fork has been broken to the upside.
TOTAL2 Weekly TF Analysis (Bounce, Drop, Up)This is an interesting chart.
TOTAL2, the index for the top 125 cryptocurrencies excluding Bitcoin.
TOTAL2 bounced right at EMA300/MA200.
The grey/black lines on the chart.
TOTAL2 managed to close above EMA300 back in March 2020, afterward a strong bullish market followed.
This time around we can see another bounce at this level:
- The RSI is starting to curve upward.
- We can also appreciate a hidden bullish divergence.
The difference between now and March 2020 is big.
After March 2020 the market moved straight up.
After July 2022, we can see a bounce followed by another crash before the phase of sustained long-term growth.
(Bounce, drop then up)
TOTAL Weekly Chart:
Namaste.
Total Cryptocurrency Market Cap. Going Above 1.5B (75% Jump)The cryptocurrency market is starting to slowly recover after many months of strong bearish action.
We saw literally the worst period ever for Bitcoin since its inception... The recovery can be strong.
Up to 75% the TOTAL cryptocurrency market cap. can grow.
That's above $1,500,000,000...
This can turn into incredible growth.
Plan ahead and be prepared.
The summer will bring a stop to all the market blood.
In the summer we go green with the trees.
Namaste.
A good idea that turned into a big Bubble(Scam)..!Bitcoin as the first cryptocurrency supposed to be something near "Ideal Money" as defined by John Nash, however, the primary idea derailed far behind imagination!
How many cryptocurrency projects exist?
10397, yes there are more than 10 thousand cryptocurrencies out there..! and they are far from ideal money..!
It is also good to know this number quadrupled in less than 2 years and it was 2180 before the COVID pandemic!
Bubble:
"A bubble occurs when the price of a financial asset or commodity rises to levels well above historical norms, above its actual value, or both."
(Investopedia)
The shoeshine boy indicator:
"I am pretty much sure many of those who read this article do not know about the story of Joe Kennedy, JFK's father during the Wall Street crash of 1929, and the decisions he took after a discussion with his shoeshine boy.
The story took place in 1929: Joseph Patrick "Joe" Kennedy, Sr. JFK's father, claimed that he knew it was time to get out of the stock market when he got investment tips from a shoeshine boy. At that moment Joe Kennedy had the intuition that we were at the end of the bull market and subsequently, he decided to short the market and became .. multi-millionaire!
Ever since, the shoeshine boy has been the metaphor for "time to get out"; for the end of the mania phase in which everyone, even the shoeshine boy, wants in." (4investor.eu)
however, this time the behavioral alarm did not trigger by Shoeshine boys, but by YouTubers, Celebrities, and..etc.
From Kardashians to Mike Tyson, and others like Mat Demon, DJ Khaled... and so many others..!
But the real alarming sign was the 2022 Super Bowl ads bought by big crypto trading platforms..! which clearly shows they are desperate to add new clients.
I believe 99.9% of cryptocurrencies will lose more than 99% of their value in the coming years! and less than 10 should survive the game!
those with features near to ideal money..!
But what about trading these "Speculative Assets"?
What is Speculation?
In the world of finance, speculation, or speculative trading, refers to the act of conducting a financial transaction that has a substantial risk of losing value but also holds the expectation of a significant gain or other major value. With speculation, the risk of loss is more than offset by the possibility of a substantial gain or another recompense . (Investopedia)
According to my statistical measures, since November 2021:
All the bearish indicators outweigh bullish ones!
Be careful, the Crypto market experiences 15-30% bounces very easily..! at least 10 times since November 2021, no need to say it will be followed by a bigger down move..!
Cryptocurrency history:
"On October 31, 2008, Satoshi Nakamoto published the white paper called Bitcoin – A Peer to Peer Electronic Cash System, describing the functionality of the Bitcoin blockchain network. Satoshi formally began work on the bitcoin project on August 18th, 2008, when they purchased Bitcoin.org." (Crypto Vantage)
Before the Bitcoin era:
"The idea for cryptocurrency first began in the late 1980s, the idea was for a currency that could be sent untraceable and in a manner that did not require centralized entities (i.e. Banks). In 1995, American cryptographer David Chaum implemented an anonymous cryptographic electronic money called Digicash. It was an early form of cryptographic electronic payments which required user software to withdraw from a bank and required specific encrypted keys before they could be sent to a recipient."(Crypto Vantage)
"Bit Gold, often called a direct precursor to Bitcoin, was designed in 1998 by Nick Szabo. It required a participant to dedicate computer power to solving cryptographic puzzles, and those who solved the puzzle received the reward. If you put Chaum’s and Szabo’s concepts together, then you have something that resembles Bitcoin."(Crypto Vantage)
"But Szabo could not solve the puzzle of the double-spending problem (digital data can be copied and pasted) without the use of a central authority, and so it was not until a decade later when a mysterious person or persons, using the pseudonym Satoshi Nakamoto, published a white paper called Bitcoin."(Crypto Vantage)
Best,
Dr. Moshkelgosha M.D
DISCLAIMER
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
TOTALMCAP - Bear Market RallyTwo charts for the TOTALMCAP, on the left excludes BTC
The left chart shows a bottom along 3.618, this may cause a breakout that coincides with a bear market rally
The right further shows this with vertical lines representing bull market and bear market periods, we are currently at the bear market rally stage
This aligns also with the 200MA which should also hodl
This is all you need to know about Total Crypto Market CapI just drew the simple lines that would reflect a normal growth without any hype or bull run.
Without 2021-2022 bull run, normal growth of the total crypto market cap should be somewhere between $750 billions and $450 billions.
And this could be the bottom of the total crypto market cap.
I will start to buy in BTC, ETH or alt coins when the total market cap is around $600-$650 billions.
This is the only "TA" that I do and I believe.
Crypto Total Market CapJust posting an observation of a drop in total market cap by $300B, as shown in Trading View. This massive drop presumably is a bug, however, it coincided with an irregular uptick pattern just 2 hours prior which brought $BTC higher by 10% in a matter of 10 minutes trading.
Will keep monitoring news and the data stream.
TOTAL D4: 50% correction warning S/R broke down(SL/TP)(NEW)Why get subbed to me on Tradingview?
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TOTAL D4: 50% correction warning S/R broke down(SL/TP)(NEW)
IMPORTANT NOTE: speculative setup. do your own
due dill. use STOP LOSS. don't overleverage.
🔸 Summary and potential trade setup
::: TOTAL D4 chart review
::: updated/revised outlook
::: expect cycle low near 400 bln USD
::: 88% correction in progress now
::: weakness will last for 4-12 weeks
::: LOG SCALE chart
::: not a great looking chart
::: price contained within channel
::: S/R was re-tested and we are still flushing
::: price/ RSI div very clear on D1/WK TF
::: expecting correction mode until SEPT 2022
::: sequence of lower highs: BEARS
::: 1T was critical key S/R level already
::: broke down so expecting further losses
::: 40-60% correction possible next
::: 4-12 weeks until Sept/Oct 2022
::: right now no upside in this market
::: position traders should wait for
::: better entry prices later after
::: correction MODE up next
::: be careful don't get caught up in this
::: also overextended right now
::: BULLS remain on sidelines and
::: be ready to BUY LOW later
::: recommended strategy: SHORT SELL RIPS/RALLIES
::: TP BEARS is +50% gains - TOTAL 400 bln USD target
::: BULLS stay out until correction is over
::: SWING TRADE: SHORT/HOLD IT
::: correction run not over yet
::: good luck traders!
::: BUY and get paid. period.
🔸 Supply/Demand Zones
::: N/A
::: N/A
🔸 Other noteworthy technicals/fundies
::: TD9 /Combo update: N/A
::: Sentiment mid-term: BEARS/CORRECTION
::: Sentiment short-term: BEARS/CORRECTION
RISK DISCLAIMER:
Trading Crypto, Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
#ALT MCAP $500 billion at critical level.
ALT MCAP is moving towards the 100 MA support around $500 billion mcap.
This is an important level to hold.
A green close above this level could trigger a bullish rally across the market, until it happens we are short-term BEARISH.
Be careful.
Let me know what you think in the comment section. Do hit the like button if you like me to post these small updates.
Thank you
PEACE
Total Crypto Market Cap Warning!Hello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Total Crypto Market Cap.
The chart is self-explanatory. The total crypto market cap fell out of the Ascending Channel most recently formed two Bear Flags, back to back. The measured moves are shown in the chart. Though I want to be bullish on crypto, it seems there is still strong downside pressure with the measured moves still intact.
My last Total Crypto Market Cap warning:
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Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk