Total
Total Crypto Market: Bear Market May Have BegunIt's a fact that the minimal viable trend on TOTAL has broken on November 18th, as shown with the yellow bubble and the blue line. This similar line has not broken yet on Bitcoin, but it did on Ethereum and a bunch of other altcoins. I'm not trying to scare anyone but to stay grounded and cognizant that there are serious cracks in the rally that begun in July. Based on my analysis, TOTAL made a huge triangle of primary wave 4 that ended in July and TOTAL may have finished a primary wave 5 in November in the shape of an ending diagonal, as shown in purple. We are already in an impulsive wave downward, with a failed retest above the blue line and now going possibly lower. If we go any lower than the orange support, I would confirm my hypothesis that we are indeed in a bear market.
TOTAL ( Total Cryptocurrencies Market Capitalization) Analysis Fundamental Analysis:
As we know recently India has issued a Ban on the All Private Crypto currencies, mean while few other related nations such as Nepal and Bangladesh are also working on some Ban Draft and that seems could show some Negative impact on the Total Market cap,
but these Bans are very Ordinary and Insignificant since system has tried its best to Ban and Restrict the use of cryptocurrencies on Blockchain for Monitory systems and uses of its byproduct such as BTC or Alts,
we shall see some well Projects to pop up on DEFI which will bring huge Capital to the Crypto ecosystems and Pomp the Total Market Cap in coming years.
there are many inefficiencies on the centralized markets and distrust among the Hedge Funds and Institutional Investors over the current economics' situation, specially post Covid-19 Pandemic where many retail investors are considering the dementalized open market as a well venue to invest and get some Inflation free interests, that can be one of the best reasons to get good attention to the crypto world and again the pomp in the market cap eventually...
Technical Analysis:
We can see the Price is rallying in a Ascending parallels Chanel to which it had already shown some Respects,
There are Total of 4 Targets we have defined with Fibonacci projection of the last bullish cycles i.e. waves.
all targets are achievable eventually by passing the time but we can expect some Correction after each ACHIEVEMENT.
There exist a Support area which has the confluences with Fibonacci Retracement level of 61.8 of the current ATH,
TOTAL (Crypto Total Market Cap) Crypto Index Analysis 09/04/2021earlier we have analyzed the market cap and hedged our portfolios with its Alpha Ratio Calculate based on this analysis:
as we can see it has followed the prediction up move, up to 2 Trillion Dollars.
fundamentals:
The total market value of cryptocurrencies pushed past $2 trillion for the first time, doubling in about two months amid surging institutional demand.
Bitcoin, the largest of the more than 6,600 coins tracked by CoinGecko, is worth more than $1 trillion alone after its price more than doubled in 2021 to $58,858. The five next biggest coins -- Ether, Binance Coin, Polkadot, Tether and Cardano -- have a combined value of about $422 billion.
Bitcoin has been on a tear as institutional investors dabble in crypto as a way to boost returns on cash in a world of near-zero interest rates. Tesla Inc. poured $1 billion of its reserves into Bitcoin and began accepting it as payment for cars. Morgan Stanley is allowing some of its wealthiest clients to add the token to their portfolios, while firms from Mastercard Inc. to PayPal Inc. have taken steps to embrace Bitcoin.
Bitcoin advanced Monday after Grayscale Bitcoin Trust -- the world’s largest institutional holder of the cryptocurrency, with $34 billion under management -- said it plans to convert the trust to an exchange-traded fund.
Last week, Coinbase Global Inc., the largest U.S. cryptocurrency exchange, said it’s planning for its shares to start trading later this month on the Nasdaq following a direct listing.
The global crypto market cap is $1.98T, a 1.34% increase over the last day.Read less
The total crypto market volume over the last 24 hours is $125.55B, which makes a 20.79% decrease. The total volume in DeFi is currently $11.31B, 9.01% of the total crypto market 24-hour volume. The volume of all stable coins is now $95.87B, which is 76.36% of the total crypto market 24-hour volume.
Bitcoin's price is currently $58,385.32.
Bitcoin’s dominance is currently 54.96%, a decrease of 0.22% over the day.
Technical Analysis:
as we can see there exist a Hidden Bullish Divergence or Price Action with MACD indicators and Histograms, which is the sign of bullish trend Continuation.
there are total of 2 Targets of 2.5T USD and 3.15T USD consequently defined by Fibonacci Projection of the initial impulsive wave post the accumulation phase.
we may have a very smoot target achievements as Fundamental Analysis and sentimental of the markets consent with Technical Analysis.
total crypto market cap reviewthe total market cap moved up in 3 waves, indicative of a corrective move.
we used to hold this green trendline as support, until recently breaking down below it.
we're about to test it right now, failure to get above it will result in another leg down.
this is also why i'm shorting things today; things look corrective from my perspective.
this dip will be for buying though to swing the mean retracement to the upside.
cheers
💸
Will altcoins continue to rise? A cup-and-handle pattern has formed on the chart of altcoins' total capitalization. The price has broken through the upper boundary (resistance) and is now testing this level as support. According to the rules of this pattern, target = cup height.
This could be a good opportunity for altcoin growth.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
More correction in Cryptocurrency Market..!Total Crypto market cap, Bitcoin, and Ethereum have just crossed below their 50 EMA and lost their previous support level!
The most important support level for bitcoin is 58 k and for ETH is 4k..!
closing below these levels makes more correction the most probable scenario!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
DISCLAIMER
Best,
Moshkelgosha
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.
Another way to visualize what's coming TOTAL2I can split the bullrun into two phases, one of extreme bullishness and one of mild bullishness
Market phase 1 has already been undertaken and we are heading into market phase 2, which can be observed in the past to be the most bullish part of the run
This is a chart developed on a previous one below
DXY - Target Hit. Now what?Hey everyone... I'm going to keep this short as I'm actually at work right now 😅🤫.
For a while, BTC and the DXY were both gaining at the same time... On smaller timeframes that's ok but on bigger timeframes they usually move in opposite directions... I do believe the recent DXY gains have a lot to do with why BTC and the overall crypto market has dropped sharply! I am a bit curious as to WHY the DXY has been pumping as inflation rates are expected to go up quite a bit more than usual. The "composite man" is always behind the scenes manipulating the price, especially of cryptocurrencies. I personally have seen a lot of evidence of market manipulation in the crypto market and for me this "crash" seems normal and it will likely be the biggest "shake out" yet.
- WHAT THIS MEANS FOR BTC, AND THE CRYPTO MARKET? -
If the DXY has reached a resistance and heads lower to consolidate for a while, this should be a good thing for cryptocurrencies. Personally I'm not sure how the DXY will hold up with inflation expected to rise. It's the holiday season and people will be spending but you can't un-print Trillions of dollars that were already printed. We'll see how things play out.
Hope everyone doing well. Back to work I go. Take care.
**This is not financial advice. Always do your own research before investing or trading**
An update for TOTAL2Using the TOPCAP indicator and the AVGCAP indicator this chart is produced
Will we see another huge increase phase that was seen in the previous bullrun? Or will it be different
In Green is the best entry points possible
In Red is the best exit point possible
Red line in between Topcap and Avgcap is 200MA
🔥 Total Market Cap: Cup & Handle UPDATEAround a month ago I made an analysis on the total market cap of the crypto-space.
In this analysis I said that the Cup & Handle chart pattern was completed and a nice bullish move was to be expected, 3T being the target.
After hitting 3T a couple of days ago, we have been trading relatively bearish, with the strongest drop being today.
I'm not convinced yet that the correction is over. Ideally we'd re-test the previous Cup & Handle support and bounce from it.
Reversal target still at 3T.
Happy trading!
Crypto Total: pullback to trendline?The total crypto market cap has been marching onwards up in a steep trendline until just below 3T. A strong mental barrier, with the taproot update and rising wedge for BTC it seems like an obvious time for taking profits, 10 to 30 percent corrections happen in the bullruns! Personally I shorted this but that does not indicate that Im a bear. I expect that we might see a drop and retest of that previous swing high. Seeing the total hold at that area and the potential lower trendline would be a buy for me.
BTC.D casual lookGiven the growing demand and the ever-growing altcoin market, we could regain some luster for bitcoin to the order of 79k - 120k. Then this will allow us to have a huge alt season that will bring all the useful altcoins into the traditional markets and the crypto market will no longer be seen as the one in the dark zone. (This will all play out if we get a TOTAL cap of the order of $3.5 - $5 trillions
⏩💡#i30:TOTAL CrytMCap d/Aus$ Rcord Setr 🦘🚀🎨 Rdx🔁Reboot 🖥️ :
Applied Markconomics 101 :
WINNER KEEP WINNING
SELL YOUR LOSERS
BUY THE WINNERS
Trend Is Your Friend
Or Your Most Hated
So Easy That
It's Oh So Hard..
d-MR96nBa 🌌
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Org:💡#I
10/10/2021
*Part Idea💡Observation 👀 & Celebration 🎉
TOTAL Crypto Market Cap in Australian💲
Hits New Record Highs 📈
TOTAL in USD Surely Soon Follows 🥳*
CRYPTOCAP:TOTAL