Bitcoin (BTC/USD) - Resistance and Support Levels - Weekly chartBitcoin (BTC/USD) price is uptrending and currently testing all-time high price levels, again in March 2024.
Bitcoin price needs to break and hold above $70000 to continue the uptrend this year in 2024.
Weekly Resistance pivot point levels are: $70000, $80693, $90000, $98690, and $116687.
Weekly Support pivot point levels are: $60000, $52511, $40000, $34514, and $24329.
Yellow lines represent Trendlines for either resistance or support.
Orange lines represent price Pivot Points for either resistance or support.
Weekly chart consists of nearly 11 years of Bitcoin price data (March 2013 to March 2024).
Total
Total Crypto Marketcap --- PLan Your Exit#TOTAL Crypto has already doubled from it's bear bottom, to it's most recent high.
We are almost in 2024, well into crypto summer now
time is really running out to prepare your portfolio for the inevitable Bull market euphoria phase.
I bring this chart up just to remind everyone, that this cycle has potential to be one of the worst in terms of multiple expansions we have seen so far.
We have gone from exploding 340X in one cycle.. to 33X the last cycle.
I expect this time round it will be a single digit multiplier.
We have to hope and pray we do indeed break the previous ATH , and we don't double top at 3 trillion.. of which there is no guarantee!
My realistic target is around 5 Trillion Dollars, which may sound pessimistic at only 3.5X from here ... but that means your Altcoins adding at least a Trillion dollars of value from here!
Optimistically i'm looking at around 7 trillion dollars, no mean feat!
BTC.d at 30% would equal BTC 2.1 Trillion or $110k per coin.
Long Term Crypto Market Cap PredictionThis is my quick but accurate ;) crypto market cap prediction for the long term.
My target for the current bull run is a 6-8 trillion $ market cap by the end of 2024. When we reach this region/area, I will be taking significant profits and looking towards the next phase in 2026/27.
A quick reminder about the previous Wedge/Pennant on Total chartSo I started charting this pattern in 2022 it was a falling wedge but on even larger time frames I realized it was not just a falling wedge but a bullish pennant as well. We broke up from this pattern all the way back at the beginning of 2023 and as you can see here on the monthly chart, price action did what it usually does once it breaks up from a large timeframe wedge and we are already well on our way and have unquestionably validated its breakout. What struck me as astonishing about ths pattern was that its measured move target was all the way up around 17 trillion. However not long after charting the target, maybe a couple months at most, news broke I think possibly via Forbes that Black Roc was saying 15 trillion in liquidity was going to be soon flooding into the crypto markets. When I read this it suddenly made the 17 trillion target make perfect sense. Now that we are seeing these ETFs cause huge pumps week after week I wanted to kind of repost a slightly cleaned up rendition of the previous version of this chart I posted to make it slightly easier to keep an eye on price action as it continues its way towards such a massive target. Also to remind people that this is where we are heading. Interestingly enough, another bull pennant we broke up from on the larger timeframe logarithmic chart also had this exact same target as its full measured move. So I suppose there is a chance that since it will take 2-3 bull markets for that previous bull pennant tor each its fulll target tat ts possible for this current pennant to not reach its full target in the current bull run but instead the very next one. However at the parabolic pace and momentum we are starting to gain thanks to spot etfs, it’s very very plausible we can reach 17 trillion on the current bull run. I will be keepin a close eye on this target, the pi cycle top indicator, and my pitchfork of channels that tie multiple cycles tops and bottoms together for the best signal of when the top is truly in. *not financial advice*
Silicon Valley's Lab RatCrypto is an experiment. A new way for illegal payments to be more accessible to the masses.
Decentralization is a fancy way of saying that Bitcoin is digital black money. Black is the color banks are allergic to.
Is Bitcoin strong enough to battle against Banks?
To follow its paradigm, 23 thousand more coins have been opportunistically created. Each one of them attempts to get a piece of the black market pie.
There is no law that forces Bitcoin to be an ever-growing commodity. There is no law that forces it to go to waste. The only law behind it is supply and demand. And if you have been paying attention, we haven't had much supply up here...
If you want this coin to grow further, you must see where the majority of buyers are at. In this case, the buyers are quite lower. Now we are in a zone where the excitement of a Bitcoin ETF is clouding your judgement. If you clear your mind, you will realize that we are in the same story over and over again. An eternal attempt to trap buyers and sellers in the wrong place.
The main chart calculates an extremely simple quantity: How much more expensive is the next contract than the current one? This is one of the ways to calculate bullishness/bearishness in market. Now it is in an all-time high. In similar levels to March of 2021. And boy this is bad news.
Notice a similarity???
Let me explain further...
No words need be spoken. A classic redistribution pattern appears in both cases. And the pattern is eerily similar.
In the end, it is déjà vu.
Further analysis:
Human psychology is independent of instrument or timeframe.
Déjà vu, over and over and over again...
Bitcoin may be Silicon Valley's Lab Rat. Don't be Bitcoin's Lab Rat.
A serious trader must be neither excited nor fearful.
Tread lightly, for this is hallowed ground.
-Father Grigori
TOTAL - Sideways for a yearIdk, it looks nice like this.
And because i should write something more not just that vague text at the top ... I'm writing this so I have enough characters, lol.
Anyway. Let's see how market will develop. I mean making prediction on monthly chart is beyond technical analysis.
The 1 month Linear Chart’s wedge target is nearing I just recently posted about the logarithmic wedge which is also a bullish pennant and how it will take us much higher, but also wanted to post a chart with an update of the other wedge we also broke up from back at the beginning of 2023 (shown here in pink). It has now been a little over a year since the breakout of this monthly time frame pattern and like clockwork the price is doing exactly what I had anticipated it eventually would all the way back then. We can see price is now nearing the wedge target of 2.493 trillion for the total crypto market cap. This is the next zone to watch where we could potentially experience some sort of correction after reaching. I went ahead and also included the flagpole of a pennant that is better visualized on the weekly chart and it is telling us that eventually we should also reach its target of 3.436trillion as well. Odds are very good we will see consolidation in between the 2 targets. Being a 1month pattern, that is why it took so many multiple months to get close to reaching this first target, and it can also take several more months before reaching the next higher target is well even though they both broke out at the same time. Looking forward to pressing play on this chart a few months from now and eyeing the price action inch closer to the top target. *not financial advice*
BTCUSDT will be runninghello guys...
I know you see numerous bearish analyses and signals but in the weekly time frame, BINANCE:BTCUSD bitcoin and Ethereum are still bullish!
it is my long-term perspective (4 years) for Ethereum:
let's back to BINANCE:BTCUSDT this coin after running so sharp made a knife-up pattern or a strong rally move and after that correct 33% of the last movement (the first sign of a bullish trend)
on the other hand, the RSI indicator shows a divergence (the second sign)!
now the price is on the top of an ascending channel and I believe it is gathering power and money for breaking up!
⭐︎⭐︎⭐︎ target1: 57500
⭐︎⭐︎⭐︎ target1: 72000
______________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Crypto Market approaches a $2 Trillion Market CapTotal Crypto Market Cap - CRYPTOCAP:TOTAL
This was one of the first charts I shared here on Trading view in April 2023.
✅ Above 10 month moving average
✅ 9 months into a 29 month bull run timeframe
The crypto industry is just short of a $2 trillion market cap valuation.
I hope this chart helped get the wind at your back for this long term bullish trade. I have more to come.
CRYPTOCAP:BTC #Bitcoin
PUKA
TOTALTOTAL - is the total market capitalization of all cryptocurrencies.
We have come to a big resistance at 1.732. If we manage to break through and gain a foothold higher, then we will consider the targets indicated by blue lines.
The crypto market as a whole may still show growth. But you need to be extremely careful, since the cryptocurrency has already grown well.
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
crypto $TOTAL 10T Mcap or more?recession bla bla bla
pullback bla bla bla
black swan bla bla bla
...ignore all that, the real question is what marks the top of this next cycle?
With the crypto total mcap holding above the VAH and all pivot avwaps it looks like heights are on the cards.
Of course blackrock and saylor got in at the right time, and it seems they will be propping and propelling the market to new ATHs.
When the mcap breaks 3T it will look to tag the 0.5 fib channel at around 10T, the question is if it can break up the mid channel where does it go?
in terms of distribution around 10T, im imagine 4-5T to be in bitcoin, and the rest distributed to the top 500-1000 alts projects (imagine an average 100B per coin - that will be wild).
whatever your targets are, aim higher!
Cruising Crypto Highs: Unraveling the Bullish Wavehello guys...
as you can see the price once broke up the ascending channel as well. and hunt the last range or consolidation!
as you can see from the bottom of the range the price hunted before!
so we can assume the first hunt was manipulating and the main trend is bullish!
______________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
TOTAL MARKET CAP update - choose your poison degenTOTAL MARKET CAP update - choose your poison degen
update
i am going to use this as a guide, breakdown is quite clear, just keep a level head and if we start diving below; pull the plug. if we go up for now again then you can thank ,,, this crazy market.
zoom out on the map to see the only two points in history that have the same momentum signature.
gl
My total market cap price predictionJust some guessing here based on some Fibonacci lines. But if my predictions come out, then we'll have a 4 Trillion total crypto market cap around may 2025.
This could also be the top of the next bull market and a huge opprtunity to lock in profits.
For the short term I expect a pullback to the last major support. But after that...
#TOTAL2 #AltCoins #Short #Crypto #Market #DUMP #Soon #Eddy#TOTAL2 #AltCoins #Short #Crypto #Market #DUMP #Soon #Eddy
(("My analysis of Total 2 and altcoins is like this, from my point of view, it is possible to track the position of short selling transactions on most currencies in the market."))
- What do you think? Have you checked Total 2 in this time frame? Write me in the comments!
- My confirmations are based on Wykoff's review of Bitcoin in multi-time frame, as well as Bitcoin and Tether's Dominance review.
Its about Wyckoff ;-)
(( BTC/USD )) latest update link :
Total Transport Buy IdeaAs per my analysis, NSE:TOTAL has been clearly take support on 60% monthly support level of 109.60 and make breakout of 50% which is 127. Best level to take buy entry will be 128 with stop loss of 118 (-10 Points risk). Expected upside target would be 145 (+17) & 167 (+39). This could be low risk and high reward idea.
Note: This is my personal analysis, only to learn stock market behavior. Kindly do your own research/analysis to take any trade. Thanks.
2023 Key Resistance for BTCThe price of bitcoin rose to start the week, extending gains from the previous week helped by optimism about a bitcoin exchange-traded fund and a flight to safety.
Treasury bonds interest rates are also retreating from their recent highs.
Bitcoin was trading about 5% higher at $ 31'518, according to Monday trades, and coming off its best week since June. It has touched $30,000 at several points in 2023 but has struggled to sustain that level or move meaningfully higher with the U.S. regulatory crackdown on crypto weighing on liquidity and trading volumes.
Investors are expecting the approval of a bitcoin ETF to change that between the end of the year and the first half of 2024. Several firms have also amended their filings in the past couple weeks to address earlier concerns by the U.S. Securities and Exchange Commission, which investors are taking as a positive sign that the agency is engaging positively with the firms.
This publication is quick and simple as well as all other articles by @Pandorra
Patience.. Patience.. and once again Patience..
52-weeks highs resistance is very important, and in case of breaking out, it can open an opportunity to further upside price action, to BITSTAMP:BTCUSD historical highs.
The End of Crypto for a Long TimeI'm being dramatic lol, but I just started going down the rabbit hole of what if the cycles don't just repeat like everyone says. I have been in crypto since 2013 and don't really think it's over, but I'm just playing devils advocate. I do think we hit a major resistnace and have at least a local top on our hands. If the cycle was ever to stop we have a major confluence of 3 resistances, even breaking of the 2013 uptrend line is not a good sight. Do I really think the cycle is over? No, but I did take enough profit in case hah, It's just really been bugging me how many people say just buy and hold and you're fine, I have never seen that many people confortable with crypto in previous cycles which is freaky to me, but this is where my contrarian side can get me in trouble. I'm just going to continue to play the charts, but if crypto were to completely hault for a long time, this would be the confluence to do it.
BTCUSDTime for ETFalseLet's start with the fact that the ETF news would not bring new capital to Bitcoin. The reality is that the stock market planned to use Bitcoin's capitalization to buy shares. This is a transfusion from two glasses where the volume of money supply remains the same. I wish those who are buying at the top now good luck. Short argumentation from history shows that Bitcoin is trending downward according to the ABCD pattern. Points B and C are the target of correction
TOTAL IS BULLISH (Important)🔷 Before anything else, you should know that the TOTLA symbol represents the total value of the market, including Bitcoin and other altcoins.
The total is forming a large diametric on the daily time frame. It seems now that we are in wave E of this diametric and we can go up to the red zone, but a pullback is needed to the green zone.