#TOTAL MARKETCAP on Support! BULLISH Rally ahead?Welcome to this extensive analysis of Total Marketcap.
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Before I start explaining the chart I want you to take a note.
TA is not about predictions and prophecy! It's a simple technique (that most traders simply make more complex), to understand the moves of an operator of a particular asset and take your trade decisions accordingly. It helps to understand both bearish and bullish scenarios in a chart.
I am not here to predict anything, I speak about the facts I see in the chart, with no bias. You can have another opinion for the same chart.
So it completely depends on how you see it.
Remember my charts always have an expected move as per indicators and patterns along with some logic.
And I also have an invalidation point in all my charts with proper reasoning.
I could be wrong. That's how TA is done IMO! Do not expect much from anyone, no one really knows everything about the market.
If someone tells you he/she knows, either he's a God or a Liar.
Learning TA will help you to become a better trader. Not a fortune teller.
Now, let’s get to the chart.
The total mCap is currently sitting right o the support. Any break and close below this channel will result in a beginning of a more bearish rally across the market. A strong bounce will lead to a green quarter ending.
This is certainly a good spot to get into some spot positions with similar charts and bullish indications.
The risk is very low compared to the reward.
I will post some Altcoin setups soon.
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CONCLUSION:-Total mcap is on support and needs some volume and bullish catalyst.
Invalidation:- Daily close below $1.46 trillion mcap
Note- DYOR before taking any trades, I am not a financial adviser.
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Total
weekly analysis (TOTAL)📈📉
The conditions of total index and also other indices like ( total2 ,total3 & totaldefi )are not favorable Rightnow .
We see that the exponential moving averages have all been cross-under. And if we do not see crossover, they can
even fall to the lower support level and in the best conditions, Being in a Range Trading area for a while.
🛑resistance level: $1.97-2.08T /// descending trendline
❇️support levels: $1.6T - $1.7T///$1.65k- $1.85k///1.43T,1.2T & 1T /// descending trendline
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TOTAL MARKET CAP 1 2HOURS UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
TOTAL market cap is making this higher low w pattern but it doesn't conform yet so we
have 1.844T level we are expecting a bounce from here up to 1.972T resistance level.
so, let's see how the daily candle closes.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
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BTC - Video Top-Down Analysis - Update!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
Here is a detailed update top-down analysis for BTC .
Previous Analysis:
Which scenario do you think is more likely to happen? and Why?
Always follow your trading plan regarding entry, risk management, and trade management.
Good Luck!
All Strategies Are Good; If Managed Properly!
~Rich
TOTAL MARKET CAP 12 HOURS UPDATE Welcome to this quick update, everyone.
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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 bounces from this green line support. we have some local resistance as 21 ma.
let's see how the daily candle closes.
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#TOTAL MARKETCAP! Breakout imminent? BULL MARKET NOT OVER YET?Welcome to this extensive analysis on BTC Dominance.
If you are reading my updates for the first time , make sure you follow em if you want the most complex charts
Explained in the most simplified manner.
I also post margin and futures trade setups.
Now, let’s get to the chart.
The index is currently retesting the BLUE MA which is bullish in the short term for both btc and altcoins.
What's really important is a close above that back expanding channel.
Breakout and retest would confirm a new bullish rally throughout the market and possibly a new ATH in BTC. For that to happen it needs to close above the $1.92 trillion mark and retest it successfully.
CONCLUSION:- Mcap must break and close above the red resistance cluster and retest it successfully for a new bullish rally. The expanding channel is a bullish pattern all we need is a breakout and retest.
What do you thunk of this chart?
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TOTAL rising wedge broken 22.2.24Total market cap broken rising wedge and it go to lower leves. Be careful and manage your positions.
⚠️ This Analysis will be updated ...
👤 Sadegh Ahmadi: @SDQ_Crypto
📅 24.Feb.22
⚠️(DYOR)
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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.
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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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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,
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#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