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$TOTAL Crypto total market cap analysis 6 June 21After breaking down from the strong rising channel that was in place since the beginning of the year, the total crypto market cap chart found support between the 200day sma & ema. After an aggressive bounce off the lows we have now seen price consolidate in a sideways fashion for the last 3 weeks with the possibility of a triple top formation in play. These sideways consolidations after a strong move down are normally continuation patterns, so at this stage I would lean in favour of crypto assets having another leg down to test the 1.026 trillion mark. This means it is possible to see another +-500mil of market cap wiped off the asset class to reach the target which would also be between the 360 day ema & sma. Of course, if we manage to close above this triple top resistance then I would be quite happy to change my view and favour further upside in the crypto space. As always let price guide you, but this is my initial thoughts from where we stand given the fact that we have made 3 equal tops and failed to breakout higher.
CRYPTOCAP:TOTALShort
by MarcoOlevano
ALTCOINS Following Fractal from Previous Dump IdenticallyThis is bullish for a re-gearing of the crypto market back onto bullish trajectories. This 51% selloff in BTC and larger selloff in alts is following this fractal pattern beautifully - Expect some days to be choppy, but all in all, up and to the right. As you can see we're about to have a bullish cross on the Daily MACDs and we are testing resistance on the Daily EMA ribbons. We just had a bullish cross on the 4H EMA 20 coming above the EMA 55. The 1H EMAs are all bullish now. Crypto is staging its next assault. Which is why you should be stocking up on the MOST fundamentally sound projects with near-term catalyst like DOT. DOT is my favorite token at this moment. Please see my analysis here on recent happenings in DOT and its ecosystem:
CRYPTOCAP:TOTAL2Long
by ich1baN
2
BTCUSDT Pattern June 1A double bottom is happening on BTCUSDT chart, It is not completed yet Also we can see a triangle, If price breaks through the top line of the triangle then we can see also that double bottom pattern is working. When BTC wants to break some price level, it breaks it in fast movement You can see the targets on chart Also: - A double bottom is happening in Total Market Cap - A double Top is happening in USDT Dominance None of them are completed yet but I think it will. " I can see a big head and shoulders too but I think it does not happen, Not now with the fact we have, Not if the supports are not lost. "
by bearofwallst
2
market cap may collapse and correct today between 19 to 21 UTCwe have some inflows coming and BTC rallied quite a lot I expect some correction soon and correction up at this time just my notes lets see what will happen but if market goes down I will start to look for trades at this time frame if it goes up a lot short if goes down al lot long will update later I give around 80% probability becausse its fib time extension levels which come together from 3 big trends something should happen at these 2 hours
CRYPTOCAP:TOTAL2
by dzoniijcrypto
1
Crypto total market cap has bounced off its 200 day MA/EMA bandsThe Crypto Total market cap chart has bounced off both its 200 day simple and exponential moving averages. Cryptos in general have their work cut out as there are some significant areas of resistance up front. Also interesting to note that the daily chart has printed a daily RSI divergence which is generally a bullish development. Volatility likely to persist whilst regulations continues to grip this asset class but as things stand i think we are seeing quite constructive action for more upside. Trade safe and remember to always make use of stop losses if you are using leveraged positions :)
CRYPTOCAP:TOTALLong
by MarcoOlevano