TOTAL (Crypto Market Cap) - Bearish Double Top, Momentum - DailyTOTAL (Crypto Market Cap Index) has reached a double-top in recent price action (resistance at 2.13 Trillion). Bearish momentum has formed on the daily chart and MACD.
If 2.0 Trillion support is lost, a -6% pullback in the TOTAL crypto market cap could occur.
Bearish target is 1.89 Trillion if support is lost.
The crypto market has been correlated with tech stocks and the USA stock market.
Higher chance of at least a pullback in the crypto market in the short-term.
However, in the long-term, the crypto market could set a higher-lower in the price and continue a longer-term rally.
All content is Not financial advice. Trade at your own risk.
Total
TOTAL BearishTotal 1 chart is looking bearish with a ascending triangle forming at the top of this run
TOTAL shows total market capitalization of the top-125 cryptocurrencies including BTC
Personally I don't like this chart much and think we could see some downside back to 2T. I also think BTC has some downside potential back to 44k - 42k. However if we see some big bullish momentum come in the next few days we could see a breakout higher back to 2.3T+ but I still favour the downside here.
📊weekly overview of crypto market📊-in this overview I analyzed both Bitcoin and Ethereuem situation and TOTAL market cap and the possible scenarios
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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📊WEEKLY Analysis For BTC/USD , ETH/USD & TOTAL 📊
📊 Technical (short)
As you can see on the DAILY timeframe for pairs of BTC/USD , ETH/USD & TOTAL , and as I've expanded in the recent weekly video of crypto overview ,they have been increasing recently , so generally they should maintain the current support zones to continue its uptrend , but otherwise the can have a correction on the lower supports , or even fall more to lower support area.
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💜 if you're a fan of my analyses PLZ follow me and give a big thumbs 👍 OR drop comment 🗯💭
An ABCD BAMM Hints $540B Will Be Added to Small & Mid Cap CoinsThis is total 3 and it tracks the total market cap of all the Cryptocurrencies combined Excluding BTC and ETH and there is currently Hidden Bullish Divergence on the weekly and a potential AB=CD Pattern in development that if it plays out would add around 540 Billion Dollars to the Total 3 market cap taking us to the top of the channel where we may then face a greater reversal.
BTC.D/TOTAL Painting A Clear PictureThis has arguably been the most consistent correlation (BTC.D/TOTAL) when it comes to understanding where the price is going for both BTC/Market Cap and I've yet to see anyone else mention it.
The magic 40% on the BTC.D chart is where we are focused. That bottom support has systematically proven to be an indicator of the downside ahead. It is currently 5 for 5 on accuracy.
Usually, when the market is strong, BTC gets the main flow of money into it as both Smart and Dumb money ride the wave up. Then once Smart Money hits their target, they begin to take those profits from BTC and flow it into Alt's. Well, since BTC has bounced off support at roughly $32,000 - we have seen the exact opposite.
Im seeing a lot of "Explosive Alt season", but my question is, at what cost does this come?
Now the question currently is if it actually makes it that low again for the 6th time.
Here I have labeled the exact events that transpired at specific points.
This is a Macro view of where BTC and Market Cap currently are and coincidentally they are both in arguably the most important channels in this cycle and the last cycle that topped in 2018;
Bitcoin:
Total Market Cap:
Hope this helps!
TOTAL | H16 | Technical AnalysisHello everyone! Due to the intensity of the work, I was absent for a long time, but I came back again...
I studied the Crypto Total chart long term. And most likely, I predicted that the price would go up to the 2,750T level again.
This forecast will most likely come true by July.
Stay tuned!
TOTAL MARKET CAP (Y22.P1.E2).Likely to go down more.Hi All,
#TOTAL #TOTALMARKETCAP
Today's drop was in line with the broader markets. Charts below.
So we seem to have confluence with these markets and its hence wise to watch what they are doing.
I have setup the fib levels on this chart and you can see perfectly aligned.
What is bullish is the MA merging to cross over and has confluence with the fib level for strong support.
We have:
a) fib, level
b) previous support level \ resistance
c) breakout from a triangle formation which hasn't reached its target
d) Macro indicators on the daily are still strong.
Note when the previous Moving Averages crossed and when happened to the rest of the chart, chart below.
Please give me a like and share,
cheers,
S.SAri
Crypto TOTAL Breaks 2T - Waiting for RetestTOTAL broke 2T, but hasn't reached 52K
- There is an Inverted Head & Shoulders pattern on the TT Volume Indicator
- We expect a retest at the 2T value - this could be around 45K for BTC
- HOWEVER, the 200MA HAS BEEN REJECTED ON BOTH BTC/USD AND TOTAL chart, so we must be careful as this could be a massive Bull Trap
- It's important to watch the TOTAL chart as well as it tells us a story that BTC cannot tell us
TOTAL2 finding new range 🕋Greetings,
What is total2? TOTAL2 shows total market capitalization of the top-125 cryptocurrencies, excluding Bitcoin.
Both total & total2 are extremely important tickers on TradingView to use as analysis tools and general understanding supply and demand within the markets.
Another chart I like to use it when assessing TOTAL & TOTAL2 is the 1YR HODL chart. You can see with the picture below that the HODL Wave typically declines as BTC price increases; and rises when BTC price decreases. This could be used as as an indicator to time market entry/exit.
1YR HODL WAVE
Remember, nothing is guaranteed, control the controllables.
Mogues
TOTAL - One More CheckPoint To Go!Hello TradingView Family, this is Richard, as known as theSignalyst.
I usually keep an eye on TOTAL to get a feeling about the overall crypto market bias. Just like I keep an eye on DXY when it comes to Forex.
The bulls are clearly pushing the past 2 weeks , after rejecting our lower bound/brown trendline and green support.
Then the bulls took control from a short-term and medium-term perspectives by breaking above the last minor highs, the upper red trendline, and the upper orange trendline.
As mentioned in my previous posts many times, for the bulls to take over from a long-term perspective, we need a momentum Daily candle close above the last major high marked in gray.
" One More CheckPoint To Go!"
Interesting Times Indeed!
Always follow your trading plan regarding entry, risk management, and trade management.
Which scenario do you think is more likely to happen? and Why?
All Strategies Are Good; If Managed Properly!
~Rich
A clear Roadmap for crypto TOTAL market capHello my friends...
today i'm going to show you future roadmap for TOTAL chart.
as you see in chart, it broke downtrend and has been supported by our curve trend. now it has to hold triangle until breaks daily bear base and get full bullish. now it is fighting with Ichimoku leading span B and Ema200.
TOTAL Massive bullish wedge breakoutTOTAL has broken out of a contracting bullish wedge maintaining bullish market structure on the weekly HTF.
Price action has put in a new HH on the 3d chart with bullish divergences on the RSI having taken support on the MA and breaking out of downtrend on RSI and MACD showing signs of bullish momentum coming back into the market. MACD converging and showing an upcoming crossover.
Price has corrected into a weekly demand zone where its rejected the zone with buyer intension before creating bullish market structure and reversing.
Inline with USDT.D and USDC.D, the charts are looking great for a reversal here for the full market.