#Crypto TOTAL market cap - perfect re-test of breakout ??!!Crypto TOTAL market cap - perfect re-test of breakout ??!!
Breakout target matches perfect with high traded volume profile at $1.219T
But the risk of a fakeout has to be considered - always
*not financial advice
do your own research before investing
Total
TOTAL MARKET CAP 4 HOURS UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
TOTAL MARKET CAP UPDATE
TOTAL MARKET CAP is forming this bullish flag pattern.
we can expect a bounce from there but if it breaks down this support then it will drop up to lower support of this channel.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Cryptocurrency Green Week (Market Cap. Will Hit 1.675 Trillion)Let's start with the altcoins first and I will explain my point at the bottom.
Litecoin (LTCUSDT)
- Above EMA50, high volume today.
- Signaling green next week.
Chart:
Bitcoin Cash (BCHUSDT)
- Full green candle today.
- Trading above EMA21 and EMA10.
- Signaling green next week.
Chart:
EOS (EOSUSDT)
- Hits a new high today.
- Trading above EMA50.
- Signaling green next week.
Chart:
Ethereum (ETHUSDT)
- We have a bullish flag.
- High volume today.
- Trading above EMA50.
- The retrace did not hit any of the moving averages, this signals good strength.
Chart:
Cardano (ADAUSDT)
- Trading above EMA50.
- Same situation as the pairs mentioned above.
The cryptocurrency market moves together...
The major Altcoins move together...
While we can see a doubtful/shaky Bitcoin chart, this is done on purpose because everybody's attention is on Bitcoin, so it can't be 100% clear what will happen next.
So we get the doubt on Bitcoin but if we look deeper, other charts that are correlated are already moving ahead.
My theory is that Bitcoin will grow because all these others are also growing and they move together/in groups.
We already used this same thinking successfully before...
See these two examples below with Ethereum Classic (ETHUSDT) and Polygon (MATICUSDT).
Polygon
Ethereum Classic
In the TOTAL chart we can see that the MA200 support holds.
After an entire month of consolidation we get a hammer (reversal signal) and this week a full green candle...
The rest is on the chart.
Namaste.
#TOTAL3 MARKET UPDATE !!Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
#TOTAL3 Update!
Welcome to Total3 Market Cap Update. Total3 generally refers to the market cap of all Altcoins accepting BTC and ETH.
Total3 Here an inverted head and shoulders pattern is formed that has bounced off and remains a bull flag pattern where a breakout of the neckline is still pending.
Once it breaks the neckline we will see a pretty decent rally in Altcoins.
I am expecting a bullish rally in Alts in the month of July and August. I'm just waiting for this neckline to break. Let's see how it turns out.
Remember:- This is not a piece of financial advice. All investments made by me are at my own risk and I am held responsible for my profits and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
If you like it then hit the like button and share your chart in the comment section.
Thanks.
$1T ReCap of Crypto Total Marketcap ,( TOTAL Update) 📈📉Hello crypto community ,Welcome to new update for total index today:
From June 18, 2022, when I posted the last analysis, it took about 1 month to recover and regain the $1T level as an important psychological support for the Crypto Total Marketcap! and as we can see in the daily time frame bulls was able to retake the pivot zone that now acts as a support zone ,It seems that the total index aims to fills higher VG(volume gap ) zone or likely touches the the blue VWAP line ,
so in this case the next and is the higher levels are red resistance zone or descending trend line, so it may even see these levels but if it want to rise more should breakout the descending trendline , Although I expect to decline if it see these levels .
anyway otherwise if it loses the current support-pivot zone it can even see the lower demand zone !
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
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.
Do hit the like button and share your views in the comment section.
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I don't post much , I only do when it's needed.
Thank you
#PEACE
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
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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.