Total
TMARKET CAP, BTC and StockMarket (Y21.P3.Video1)Hi All,
Quick update as to what seems to be a good explanation for the crypto market slugging day or rally.
Not much happening with the ALTs as well as BTC and the Stock Market.
I do a quick assessment on all three.
All the best,
S.SAri
s3.tradingview.com
TOTAL index has a long way to be traversed!As you see the chart above (TOTAL index), I've counted the waves as you see.
I think it's now within wave 3/C. Thus after counting sub-waves, I think it's the third wave within 3/C.
Therefore in short-term period it should be terminated and after that it enters wave 4 which is a timing correction (possibly and due to wave 2).
Then wave 5 which is upward will begin.
So I think we don't have any problem about market cap in short-term period at least.
But be careful about the future!
Total Crypto Market lets have a lookhaving a look at the Total crypto market-cap including bitcoin to see what we can find.
as it looks like 7.2 trillion USD and possibly more should be no problem to achieve in this bull run.
we can also see why we had a massive dip in Bitcoin and the hole crypto market.
It simply came to the 10.618 and needed a correction.
it retested the 7.618 and currently has recovered most of it aiming now for the 3 trillion cap. where we have another 10.618 pivot and i expect another good and healthy dip once we reach that.. 3 to 3.1 Trillion..
if i find more observations on this chart i will update so follow it and stay tuned.
please leave a like / comment / donation if you enjoyed this Idea
Altseason continuesThe total crypto market cap recovered to above $2 trillion and many assets recouped their losses from the latest dip.
But the dip and the recovery that followed brought BTC dominance to 50%, a level unseen since 2018.
Our regular question to Hybrid Intelligence illustrates the view on BTC dominance:
“Bitcoin crypto market share settled at 50.34% at 12:00 PM UTC on Wednesday, April 28. Will Bitcoin's market share climb above 51.35% (+2%) earlier than drop below 49.33% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 69%
That is a rather uncertain indicator, certainly not bearish (i.e. dominance unlikely to drop lower) but also not strong enough to be considered bullish. It could be interpreted as that dominance will stay within this range between 49% and 51%.
Meanwhile another regular question sheds light on the overall trend:
“The cryptocurrency Market Capitalization settled at 2039B USD at 12:00 PM UTC on Wednesday, April 28. Will the Market cap climb above 2191.9B USD (+7.5%) earlier than drop below 1886.1B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 88%
That’s a bullish sign. The overall market cap is set to increase and given relatively low BTC dominance, it will be driven by other crypto assets. So the altseason continues.
TOTAL MARKET CAP (Y21.P2.E2.v3).Correction still playing outHi All,
I would like to think that BTC and the ALTs will rally strong here however the total market cap says otherwise.
Here we have 3 elements which indicate a strong resistance.
a) Breakout from a structural ascending wedge
b) Horizontal and sloping resistance
c) Previous support now likely to be resistance
d) 10 and 20 daily ema cross over and currently hitting price
So this rally might be short lived and until Total Market Cap reaches its target, we might still look at BTC hitting 42k to 45k.
s3.tradingview.com
s3.tradingview.com
All the best,
S.SAri
Bitcoin & Altcoins slipped into Bear market!In these 6 charts, you see the total cryptocurrencies market cap, the total cryptocurrencies market cap without bitcoin, and the bitcoin price chart.
watching them all together will help you decide better and provide a better picture of the situation!
While many think the Bitcoin crash will be an opportunity for altcoins, numbers don't show this! Actually, altcoins are more vulnerable to bear market! and they experienced a 32% price drop in 7 days!
Anyone who denies this reality will pay for that soon!
Market Cap Bullish Divergence, HourlyCharts for TOTAL2 showing price printing lower lows while the rsi indicator printing higher highs, this is an example of a rsi divergence
Charts for TOTAL shows that price is in a possible expanding wedge I would call it, it still looks quite bullish
In comparison though a RSI divergence on TOTAL2 Hourly is a very strong bullish sign, VeRy
TOTAL MARKET CAP (Y21.P2.E2).In the range for nowHi Traders,
Its difficult to know which way it will go as we have the possible and likely scenario of BTC dropping down for a moderate or deep correction, which is good to have.
But at the same time, the ALTs are making up alot of ground in price.
So it will be important to watch this space to understand in conjunction what the overall space will be for bitcoin, as its still king.
Cheers,
S.SAri
Altseason is here The recent dip spurred some fears but so far the sell-off didn’t spread beyond Bitcoin. ETH, BNB, and many other cryptocurrencies already recouped most losses.
The usual weekly questions to Hybrid Intelligence can help to gauge the trend:
“Bitcoin crypto market share settled at 51.91% at 12:30 PM UTC on Wednesday, April 21. Will Bitcoin's market share climb above 52.95% (+2%) earlier than drop below 50.87% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 11%
This means BTC dominance will likely drop further. Last week it already dipped below 51% and now that looks like the resistance level.
Another question is helpful for estimating the overall trend:
“The cryptocurrency Market Capitalization settled at 1991B USD at 12:30 PM UTC on Wednesday, April 21. Will the Market cap climb above 2140.3B USD (+7.5%) earlier than drop below 1841.7B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 70%
This is a bullish sign for altcoins. The $2 trillion level now looks solid with many assets being quickly scooped at discounted prices.
Together these indicators point to another altseason. With a firm support level and a relatively limited range for BTC, many traders will search for moonshots among other cryptocurrencies.
Market Cap - Further Gann and Top predictions Suggesting an early 2023 end to the bull run
So based on my previous analysis I have managed to extrapolate roughly a June 2022 - April 2023 end date for the bull run
Personally I might brave myself for another bear market if I have the courage, or I am selling around December 2021 just to be safe.
The first Gann ring hits the 2018 Top perfectly, I don't see why it would change for future price movement
Price has also just broken above the middle Gann line (2018 top) this will act as a new support, very bullish, continuation.
Market Cap - Was the last bull run unique?If the last bull run was unique I pose the question why are we seeing similar patterns? (within circle)
With an impressive 452846.26% increase to reach the Top of the fib channel
Will this occur again? The TOTAL market cap would be incredibly high if so
I have my doubts but this is cryptocurrency, to reach the top again another massive move is implied, we will see I guess.
A very optimistic scenario.
Why Altcoins are more attractive to me than Bitcoin nowAs the price of Bitcoin breaks all time high, people are either feeling the fear of missing out or be celebrating on twitter.
I see it as a major red flag despite being early in this bull cycle.
By analyzing $TOTAL and $TOTAL2 charts we can better identify where the next opportunity lies.
Let's say we hit 2x target measured by the Fibonacci retracement on both charts, trade the breakout of $TOTAL2 would give us a 279.6% upside potential while risking 29.82%.
On the flip side which is where the current excitements are, $TOTAL only provides a fairly risky trade with Risk/Reward Ratio of 1.88.
What I am trying to amplify here is even if we were to keep going up in price of Bitcoin, we may still be better off trading Altcoins back and forth rather than just chase Bitcoin.
The most important part of participating in a market is to NOT let your emotions take over control, anytime and anywhere. Be discipline, Bitcoin is NOT the only chance for you to get rich.
Market Cap - Sell pointSell point suggests 1 December 2021 to be optimal if this channel holds true
66 Degree angle ascension Is present within last bull run and proceeding bull run
I think I will be selling around this area, market may stay up till June 2022 as suggested by my previous chart
Bull run in effect
My first time posting here, Are we done here? Just thoughts:
Previously, when the Crypto total market cap (4h) touched the DailyMMA 200, an uptrend started.
The first green candle (4h) been closed over MMA200. We still must look for the daily candle, but, Are we going for another considerable leg up then?
(Personal view and no financial advice)
TOTAL MC : Bearish divergence on daily timeframe CRYPTOCAP:TOTAL
Hello everyone 😃
Crypto TOTAL market cap had failed divergence on daily timeframe recently.
Now it's forming another divergence on daily timeframe !
These multiple divergences will lead the market for a mid-term correction ( not major correction )
Also we are passing pivot point based on FIBBO time-zone...
I expect a continuation of mid-term correction till 14th May.
By the way there is a support zone which can hold TOTAL's movement and make a reversal point.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades