Total
TOTAL - Sooner or Later, The Bulls Would Take Over!Hello TradingView Family, this is Richard.
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.
As per my last TOTAL analysis, we are still bearish trading inside the red channel.
WEEKLY: Technically we are trading inside that big brown channel, and we are currently in a correction phase after rejecting the upper bound / brown trendline and 3T round number.
DAILY: After breaking below the head and shoulders neckline, marked in gray, the bears took over and TOTAL started trading inside the red channel, making lower highs and lower lows.
That being said, we know that we are overall bearish , but what are the possible scenarios?
Scenario 1: Projection in Blue
A sudden shift in momentum, by an aggressive movement from here to break above the current last high.
Scenario 2: Projection in Purple
TOTAL trades lower to test the support again and forms a new swing high around the upper red trendline. Then the bulls would take over by breaking above that new high.
Which scenario do you think is more likely to happen? and Why?
All Strategies Are Good; If Managed Properly!
~Rich
TOTAL MARKET CAP 12 HOURS UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As we can see in the chart TOAL has rejected from this big channel upper resistance level now it is lying on the support of this green line.
let's see how the daily candle closes.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
TOTAL market cap set to drop furtherBeing rejected by the 21 weekly EMA and the descending trendline that it failed to breakout from. Failed inverted Head and Shoulders. Below the 4H 200ema. Below previous range support and penetrating longterm support. The 1 trend Fib extension is confluent with the 3.618 indicating a possible target.
Breakdown of the RSI and CCI trendlines. RSI has plenty of room to spare down and CCI seems that it will be stuck in oversold.
Price action is mirroring August to November 9th's price action but upside down. I flipped the price action where price found support at the 21 weekly EMA, on the 30th of September, pasted it to where currently price was rejected by the 21 weekly EMA.
Drop in the market might be delayed with a bounce of current support, but overall price action is bearish and has failed to flip bullish.
MM perps on BTC show potential for copy tradingPlease disregard my last published idea, I guess I exceeded the 15 min window I had to make edits. Nor can I delete it and replace with this version.
INDEX:BTCUSD and BITFINEX:BTCUSDSHORTS vs. BITFINEX:BTCUSDLONGS are often a good indication for where the "smart" money or market makers are positioned. The idea would be to create an oscillation type indicator for studying macro trends as well as fast moving shifts.
The midpoint here is derived from the 50D VWMA. And for scale, the vert lines show +/- %'s. The fettuccine levels are measured from our 50D VWMA and COINBASE:BTCUSD ATH.
This only considers TA.
Sampling a basket of what influences INDEX:BTCUSD : SP:SPX / AMEX:SPY , NASDAQ:NDX , ICEUS:DXY then comparing that to CRYPTOCAP:TOTAL , CRYPTOCAP:BTC and each of their SHORT v LONG counterparts, gives us a picture of MM support and resistance levels and where the bull v bear fights are happening.
New charts made available to TV give better insight into derivatives. So much looks good and useful, but I can't ever find the tickers.
Interesting to note where BTC shorts took large positions end of Nov 21 or longs at end of Sept 21.
#TOTAL MCAP, LTF Analysis, Buy levels will trigger soon..Welcome to this quick update.
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I share all my strategies for free which can help you to add some extra value to your trading decisions.
The total chart followed our speculated move as shown in the last chart (leaving the link to the previous chart below this analysis).
The formation of the right shoulder is in play.
Likely to retest the blue MA and bounce from there.
This could be the time to start adding some alt positions and DCA while it touches that MA.
Secondly, at this point, the risk will be lesser than 3 days back when you wanted to FOMO in that green market.
Hope you got my point!
You'll find most of the altcoins forming the same structure as shown in this chart.
The same rules apply to those too.
So trade accordingly,
If you want me to share all of these charts, all you need to do is hit that like button and share your views (If you have any) in the comment section. It supports me to make more of these contents for free.
Thank you
#PEACE
TOTAL MARKET CAP 12 HOURS UPDATE Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As I mentioned in my previous chart the TOTAL market cap is broken the bullish expanding triangle it will come for a retest and it retests successfully
now time to go to the moon.
let's see how the daily candle closes.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#TOTAL MARKETCAP! Bitcoins and Altcoins are not done yet!Welcome to this quick update, everyone.
The total mark cap has broken out of the downtrend channel and is currently trying to retest the level.
In my previous chart, I said we need a close above that blue MA line though I expected some early rejections it broke out at once!
We also got a breakout above the downtrend channel after exactly 90 days of consolidation.
I expected a little more sideways action and consolidation previously but the breakout on 4th Feb changed everything.
What are the possible scenarios right now?
Well, keeping in mind this is not a fakeout, we are likely to continue the rally to retest $46k and $53k in BTC but before that, the red zone is needed to be retested for a healthy and sustainable rally throughout the market. This retest could result in some pullbacks in altcoins and BTC ($38.8k to $41k) followed by a 15% rally in BTC.
That will be the best time to enter the market.
ALTCOINS will follow BTC.
This is not financial advice, these are all my own views as per the chart.
What's your thought on this?
Do hit the like button and share your views in the comment section.
Thank you
#PEACE
us10y goes up btc goes down ? this is garbage lookhi all bro..
If us10y and btc are rising on the same monthly candles. The thesis that us10y goes up, btc goes down, it's garbage for me..
%100 no reverse correlation
see marked candles . sometimes together
btc 4 hours ..
never forget my indicator auto fibonacci draws
Selling in the fall below the thin line.
Buying in the rises above the thin line
first atack +46666 second atack 510000
stop line 41450
good luck..
fallow ,comments. like and share pls ..
dxy goes up btc goes down ? this is garbage lookhi all bro..
If dxy and btc are rising on the same monthly candles. The thesis that dxy goes up, btc goes down, it's garbage for me..
%100 no reverse correlation
see marked candles . sometimes together
btc 4 hours ..
never forget my indicator auto fibonacci draws
Selling in the fall below the thin line.
Buying in the rises above the thin line
first atack +46666 second atack 510000
stop line 41450
good luck..
fallow ,comments. like and share pls ..
#Total Mcap, Not everyone is watching this!!I'll keep it short unless we see a break and close in daily above this red resistance which happens to be around $1.87 trillion. I don't think we will start rallying.
Also if you look into the grey box, the index got rejected multiple times from the blue line.
It needs to get above it.
If you are too excited with that $3000 candle on BTC, Don't!
Be smart and think twice before FOMO buying anything.
It's better to buy higher with confirmation rather than buying exactly at the resistance!
What's your thought on this?
Do hit the like button and share your views in the comment section!
#PEACE
TOTAL inside broadening wedge#TOTAL
TOTAL MARKETCAP is inside broadening wedge that touched the lower line and now can head up to 1.82 trillion level, this level can increase BTC price to $40k.
breaking out from 1.9 trillion level will certainly reach #BTC to $42k.
but if reject from resistance zone it will drop to support zone around 1.4 trillion that makes BTC price around $29k or less.