TOTAL - Crypto Total Market Cap - MASSIVE Ascending Channel! - The chart is printing a HUGE ascending channel on the 4h timeframe!
- As we can see, the channel has 6 touches (2top, 4 bottom).
- Next target is top of the channel or 1:1 fib extension.
- Due to my Elliott Wave count, we have next wave in progress.
- For expected duration of the trade, probability, stop loss, profit target, entry price and risk to reward ratio (RRR) - please check my signature below ↓
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Total
Decision making week ahead..!CRYPTOCAP:TOTAL increased 74% in the past 4 weeks, but still 24%v below its highest level!
In April 2018, the same things happened!
Now the question is what is going to happen in the next 30-33 weeks?
I believe the most probable case is going down, and this analysis will become obsolete only if we see numbers higher than 2.577 trillion dollars!
Do not forget Elon Musk's credibility decreased a lot among crypto fans..!
Total Market Cap – Projection ReviewIt took 7 years of market ups and downs, from 2010 to 2017, for the crypto complex to reach a total Market Capitalisation of $761B. However, a similar amount ($741B) has been added in the past 3.5 weeks. Think about that a little, as much new capital has been added to the crypto markets in 4 weeks as existed in the market at the 2017 peak!
So time for a review of my previous study to recalibrate for the extended correction and the market cycle.
#TOTAL CRYPTO MCAP in Danger Position! Here's Why...Welcome to this quick Sunday 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.
Let's get to the chart.
This is the total crypto market cap chart.
It's very important to follow this chart in order to understand the overall trend of the crypto market.
W have seen almost third consecutive bullish candle for BTC in weekly.
IMHO BTC needs some pullback including many other altcoins too.
I've said this before
No one got rekt by taking profits.
Although there's a chance that BTC could hit the 48k straight that won't be sustained for long.
In this chart, the mcap is hitting the most important resistance level.
If this resistance is broken and we get a daily close above the 1.84 trillion resistance (the red zone) It's highly likely we will hit the 48k -49k level on or before 15th Aug 2021 in BTC. The whole market will pump together.
The support remains from 1.53 to 1.67 trillion.
What's your thought on this?
Do hit the like button if you like this Analysis and share your views in the comment section.
It takes a lot of time and attention to create this educational content for you all to understand the market and take your trades wisely with the right information! Hit that follow button if you haven't yet.
Thank you
#PEACE
TOTALI can't understand alt movements and i am ready to be taken out on btc
New top ( or double top?) Shaped outside of both channels, of course my channels but generally i don't like to open long till some days later,
I can't find any logic behind these moves so i don't try to have an inversed plan
is this bullish or bearish?
I don't like to know
My ideas can lead you to nowhere
Total Market Cap Likely Dead Cat BounceI know all of us are on the edge of our seats waiting to see where crypto is going and if BTC is ready to take off. Let me explain why it won't be that easy and when things seem too good to be true, they likely are.
I have made a previous post on the Total Market Cap explaining the critical bullish trend line it most hold to remain with bullish momentum. A break below this level will signal a Bear Market without question and will decide the direction of crypto for the coming months. Here is that post,
Now to find the devil in the details; In the chart, The RSI is still clearly in the downtrend for momentum. We have seen BTC break out of its Daily RSI resistance but this might have been due to the amount of room the Total had to rise. We see a looming 100MA and 200MA Death Cross approaching on the Daily time frame. We have seen this 3 times prior in the last 7 years and each time it was met with a significant drop. Let me give you some examples and ill start with the one that is almost identical in both circumstance and price action,
We see the exact same 100MA and 200MA Death Cross, a breakdown of the exact key bullish level, followed by a dead cat bounce and then a 40% drop afterward.
Here is a closer look at 2019
Here is another example of the 100MA and 200MA death cross that happened right after the 2017 Bull Run top.
Again this was followed by a substantial 78% drop. I do NOT expect this significant drop again, this only occurred because of just how far it separated from the bullish trendline.
The similarities do not stop at just the Total, it is also present in BTC at the moment as well.
Pay very close attention to just how similar the Moving Averages are and the circumstances involved in the examples above. These are significant things to take note of and really suggest further selling pressure is going to follow.
Here is the Total on the 2 Week time frame where we see a VERY Bearish cross on the MACD and low levels on the Stoch RSI. These signals will very likely carry to the 3 week and monthly time frames next and these have all been indicators of previous Bear Markets.
If the total fails to hold that Bullish trendline there will be no more denying the Bear Market. Another thing to keep in mind is this pump was due to 100 Million shorts being squeezed. Without that, we would not be at this level.
As with the Bulls being liquidated at the bottom and a rise is expected; When the Bears get liquidated at the top is a drop expected?
Thank you for making it this far into the analysis, I hope this was insightful in any way and gave you an alternate perspective on the situation. I appreciate the support greatly, and comments are more than welcome;
Total Marketcap breaking out...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.
Let's get to the chart.
The total market cap chart looks really bullish here after breaking the $1.4 Trillion resistance level.
By the end of this week if the Total market cap closes above $1.68 trillion it's highly likely we will see a rally towards $1.77 to $1.8 trillion which will eventually push the whole crypto market. Both Altcoins and Bitcoin will pump together.
This is a very important chart that only a few people who always want to stay ahead use.
The structure exactly looks like BTC at 36k level.
INVALIDATION: Weekly close below $1.41 trillion.
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
#PEACE
Neutral Mindset help you see things better..!It is all about calculation the right time ad the right asset..!
I have + 100 analyses about Bitcoin, 15 for Total Cryptocurrency Market cap, and One for Ethereum.
Sep 2020 - April 14, I was Bullish, more than 40 Bullish analyses.
The past 2 days:
This is the second time I publish a Bullish analysis in the past 100 days! Total is +7.6 up, Bitcoin is +14 up and Ethereum is +5.2%.
CRYPTOCAP:TOTAL
BITMEX:XBT
COINBASE:ETHUSD
Those who hate my analyses about cryptocurrencies, it is time to Raise your hats and your glasses too..!
Moshkelgosha (Sniper Trader)
History tend to repeat itself..!In 2018, the Cryptocurrency market had lost 86% of its value, from 692 Billion to 94 billion USD)
In the past 11 weeks, the Cryptocurrency market has lost almost 47% of its value. (1.3 Trillion USD)
The same story could be repeated in the next 6-12 months..!
There could be some temporary upward moves (correction) in between..!
Total crypto market analysis In this case we are analysing the total crypto market cap, which for me tends to be the best description of how the crypto market is going on.
We can use this and correlate with pairs like are moved the most by it like btc, eth, bnb, dot, ada and so on ( in general top 25 crypto market coins).
The good thing about it is that because of the volatility present in those coins, it can give us a better measure and structure for entries and exits .
We can see at the moment we are in double bot chart patterns , which is a bullish pattern, and our current position situation us on the critical zone.
In this case we have 2 scenarios
LONG:
We cross 1.25T total market cap .
In that case we would have as TP 1.26T and 1.28 T
For stop loss we would have 1.235 T
SHORT
We cross down 1.235 T
In that case we would have as TP 1.22T and 1.20 T
For stop loss we would have 1.25 T