Get started

Total

Cryptocurrency Market forecast for the next 8 weeks!In the past 8 weeks, the Cryptocurrency market has lost 1.1 trillion dollars of its value! 1.1 trillion dollars is bigger than the GDP of most countries in the world except the first 15th. This number is 44 times bigger than El Salvador's GDP in 2021. I think it is highly likely that we see another 500-800 billion dollars washout in the next 8 weeks! However, we may see a few good days in the next week! The bigger picture is not bullish in the next 8 weeks! According to the numbers, there is more than 8000 Crypto project out there..! I believe in the next 5-10 years 99.97% of these projects will be eliminated and in the best scenario, 25 projects will survive this frenzy..! Best, Moshkelgosha 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.
CRYPTOCAP:TOTALShort
by Moshkelgosha
6
Where is the crypto market standing right now?The total market cap has fallen below the 300 DMA after more than 19 months of trading above it. In 2021 it touched it twice and bounced, but this time there was no bounce. It also slightly dipped below the Yearly P and swept the early December low, but the response to getting to these key levels has been underwhelming to say the least. Both BTC and ETH have hit major support levels and they both done what in my opinion would be best before continuing higher, yet I see no strength. Most people are just talking about bearish at support, yet that's all I see. For weeks now most have been bullish and talking about how we will get no bear market for years, how high inflation is good for crypto and overall just rejecting any bearish factor from their analysis. Just a week ago I saw a poll with about 2.5-3k participants that asked at 46k, whether people thought 60k or 30k was next. The results were like 65/35 and that perfectly matched with the long short ratio on most exchanges which was higher than 2:1. To be clear I am not a long term bear, but I do take into account several factors and mostly the fact that the Fed wants to raise rates and reduce its balance sheet in a slowing economy. My view is that the global economy is in a terrible shape even if Omicron could be what puts an end to this pandemic. So the Fed being aggressive when most of the inflation hasn't occurred due to 'money printing', isn't great. They have to be hawkish at this time because markets are way overbought and people are angry at inflation. They need to act as if they have the situation under control. Stocks were up 40% from their Feb 2020 highs and are now down 4%, but could easily have another 5-8% down from here before bottoming, so crypto could also have some extra downside from here. If they drop more, crypto could suffer even more... but for now I don't think they will drop more than 5-8% in the next few weeks. Eventually I do see SPX trading at 4000, but not yet. For now the crypto market seems strong, especially altcoins relative to Bitcoin, but I can see the market drop to 1.6-1.7T and then to 1.1T if there is a major crash. That even would have to be a liquidity event, something like March 2020 and wouldn't last long. The truth is that the market is already oversold and there is a lot of liquidity in the market at the moment. With 165B of stablecoins in circulation, the market is currently is just 10-20% more expensive compared to what it was at 29k in July. Many on and off chain indicators are already telling us these are good levels to buy, but the best area to buy is 24-27k for BTC and potentially 1.1T for the total Mcap. Of course many catalysts could lead into that crash, from something due to the Fed, regulators or Covid, or simply people panic selling as people realize we won't moon in the next few weeks. After that I believe the bull market will resume. In my opinion if too many bad things start occurring and nothing positive starts to occur, then yes this could turn into a proper bear market... but for now I think no matter what happens things will quickly change to the better and the bull will resume.
CRYPTOCAP:TOTAL
by BitcoinMacro
4
Total Analyses in daily chartHi My Friends, as you see in the chart, Crypto Total is in a uptrend channel, if we lose that it will be so dangerous for crypto at all, so many people will lose their trusts to crypto at all :) In this days, the bad news push the Markets, specialy crypto market, The fear and greed factor is 10 today, Extreme Fear!!! what it shows? People ar extremly feared, 10 is very bad!!! But ther is something that I think we do not lose the chanel, big wallets and whales, the world bussiness changes, and political views, do not fear and be patient it will back soon... what you see? what you think? please tell me
CRYPTOCAP:TOTALLong
by dizehvari
TOTAL - Keep An Eye on TOTAL!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. From a long-term perspective , the WEEKLY chart on the right, we all agree that we are still overall bullish. 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. From a medium-term perspective, the DAILY chart on the left, we had a classic higher high, followed by a lower high, and then a break of the previous low. A classic market structure pattern, known as Head&Shoulders. 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 Purple A movement till the lower bound / brown trendline and green support zone is expected before the bulls take over by breaking above the red channel. Scenario 2: Projection in Blue A sudden shift in momentum, by an aggressive movement from here to break above the gray zone again, invalidating the red channel, signaling that the bulls are taking full control again. Which scenario do you think is more likely to happen? and Why? All Strategies Are Good; If Managed Properly! ~Rich
CRYPTOCAP:TOTALLong
by TheSignalyst
14
3 years of crypto bull marketIts 3 years ago BTC and the total crypto market cap bottomed out in dec 2018. Fast forward to december 2021 and we've rallied up almost 3000% during a massive bull run. For anyone out there looking for a blow off top or a full market reversal, I say be careful what you wish for and be thankful for what you have got. Could we see new ATH's in 2022? Possibly although in my opinion a relief rally is would already be a gift to the bulls. The market is still pegged to Bitcoin and the market leader is looking far from healthy with bearish divergences all over the shop. Sure, we have a green day right now but haven't we seen them before in the last weeks and what happened just after we regained optimism? There's a new halving for BTC in 2024, just two years away from now and we have yet to see a significant correction as 2021 was mostly a sideways distribution for Bitcoin. With the stock market struggling for confidence and low liquidity during the holidays and a huge options expiration on dec 31st just around the corner, its is - in my opinion - time to be cautious. Thus, be careful what you wish for. IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
CRYPTOCAP:TOTALShort
by cryptobullethbtcxlm
5