Total
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.
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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 🌌
nvrbrkagn
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
TOTAL2 Cup and Handle ideaAn idea showing a cup and handle comparison with one we have already seen on the way up during this bullrun
Last time at this stage a bullish, very bullish move was experienced, will it play out like before?
Very different price action but I still consider both Cup and Handle
10% decline looks imminent ..!It looks like the Crypto market has run out of steam and a Flash crash is about to happen..!
It is already 10% below the 2.743 Trillion, but another 10%-15% decline is closer than what you think!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor 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.