15 consecutive daily candles above totals descending channelWe can see price action came back down to retest the top trendline of this descending brown channel with exact precision and held above it now for 14 consecutive 1day candle closes. It is very likely to close a 15th consecutive candle here soon. We can see one wick back below the top trendline of the channel that was ultimately supported by the 1 day 5ma(in orange). That 50ma is now getting closes to rising above the channel itself for added springboard support. We can also see that the daily stoch rsi is reet as well with plenty of room to head upward. Everything is looking very good for the breakout of this channel to be validated in the ear future. *not financial advice*
Total
TOTAL - LONG TERM SCENARIO UNTIL 2025As I believe this bull run cycle has been finished and we will enter the new fresh cycle, I have analyzed the Total market cap until 2025 which I think we can reach up to 12T which is around 5x from this point (2.20) but before it happens we need to finish the bear market. Another factor that makes the 12T idea quite possible is it will hit 1.27 Fibonacci. If that happens, we would have BTC around 200k, ETH 20K, and BNB AROUND 2500 in 2025. I know it depends on BTC dominance and Others and many other factors but just wanted to give you a very rough idea.
If you like the idea, hit the like button!
Ehsan.F
Total Market Cap Analysis: a Bullish Surge!Exciting times in the crypto realm! Total market cap broke free from its 1.200T shackles, signaling a robust bullish wave. 🚀
Breaking Barriers: A Bold Move
Breaking through the 1.200T level was a pivotal moment, transforming a former resistance into a launchpad for further gains.
The Next Horizon: Aiming for 1.500T
Eyes are now set on the 1.500T mark. This significant milestone promises both challenges and opportunities, enticing traders with the potential for substantial uptrends.
Bullish Patterns: Charting the Course
A promising Bull Flag pattern has emerged, indicating a continuing bullish trend. Smart entry strategies are vital, ensuring traders ride the wave effectively.
As we venture toward 1.500T, strategic entries are key. Stay alert, analyze trends, and seize the right moments. Welcome the opportunities, and let’s navigate these crypto waters together!
Happy trading!
$TOTAL: Total Crypto Market CapLong term trend has turned bullish in the Total Crypto Market Cap chart...
I had been waiting for this possibility since last month we had the bullish reversal in monthly scale, warning of the start of a bullish cycle in crypto once again.🎯🎯🎯
This is a great time to follow me here and on X as well as my other channels available.
As you know, I have a solid track record of capturing powerful trends in crypto as well as many other good calls in other markets. But crypto takes the crown when it comes to risk adjusted returns in the long term. Specially when considering that this chart is saying that the crypto market can expand from 1.32 Trillion to between 4.8 and 19.55 Trillion by Q1 2025 onwards.🤪
The CRYPTOCAP:TOTAL chart is a good reminder to start allocating more heavily to this market, and being ready to pounce when opportunities show up.
Best of luck!🤞🧧
Cheers,
Ivan Labrie.
TOTAL Crypto Market Cap - pattern still valid🟩🟨🟥⬜️If the TOTAL cryptomarket Cap 2-weekly candle close above 1.284T I will get bullish nervous dear Crypto Nation 😎🚨
These repeating patterns of different market phases are still valid IMO🟩🟨🟥⬜️
Comments💭, Likes♥️ & Follow🔗 appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Last BTC IdeaIt's been a pleasure exploring such a unique financial asset class. Nevertheless, we are moving into a political & economic direction in which crypto cannot coexist with the financial system and have any value in the long term.
There are many reasons for this outlook. Join my channel for more:
Telegram: @DeltaS7
Bitcoin Dominance Cheat SheetHi Traders, Investors and Speculators of Charts📈📉
Bitcoin dominance and the rotations between BTC and altcoins can be confusing. Enjoy this easy-to-understand guide to BTC.D , and why it is important to watch alongside with the bitcoin chart.
👇👇👇
BTC dominance is calculated by dividing the market cap of BTC by the total market cap of all cryptocurrencies. If the TOTAL market cap is 1.5 trillion and the market cap of alts increases, then BTC dominance will go down unless the market cap of BTC also increases.
But to really understand the rotation of money between BTC and alts, you'll need a clear understanding of how how market caps all fit together.
Imagine a pie where each slice represents a different cryptocurrency. The pie here indicates the total cryptocurrency market cap of both Bitcoin and altcoins, which can increase or decrease at any given time. In other words the TOTAL chart.
- If BTC market cap increases but altcoin market cap shrinks (relative), the pie stays the same size.
- If BTC market cap increase and altcoin market cap increases, the pie size increase and so forth.
If BTC dominance is at 40%, it means that the BTC slice of the pie chart is 40% of the total size of the pie. The remaining 60% of the pie is made up of all other cryptocurrencies (altcoins).
A pie chart from March 2023:
Now, imagine a new bullish cycle starts across the crypto markets. This causes the market capitalization of both altcoins and Bitcoin to increase. If the market capitalization of BTC also increases, but at a slower rate than the market capitalization of altcoins, then BTC dominance will remain stable even though BTC Price increases AND altcoins prices increase. This is because the BTC slice of the pie is still 40% of the total size of the pie, even though the pie has grown larger.
In other words, the pie has gotten bigger, but the size of the BTC slice has remained the same relative to the rest of the pie.
Here is another way to think about it:
Total market cap: $1.5 trillion
BTC market cap: $900 billion
Alt market cap: $600 billion
BTC dominance: 60%
Now, let's say that the alt market cap increases by $200 billion and the BTC market cap increases by $100 billion. The total market cap would now be $1.8 trillion and the BTC market cap would be $1 trillion. BTC dominance would still be 60%, even though the price of BTC increased because the overall pie has gotten bigger.
Here is an example of how the BTC dominance falls, but BTC price increases:
Total market cap: $1.5 trillion
BTC market cap: $900 billion
Alt market cap: $600 billion
BTC dominance: 60%
Now, let's say that the alt market cap increases by $200 billion, but the BTC market cap only increases by $100 billion. The total market cap would now be $1.8 trillion and the alt market cap would be $800 billion. BTC dominance would now be 50%, even though the price of BTC has increased.
As a summary:
UP: BTC d ominance is increasing, meaning that BTC is outperforming altcoins.
STABLE: BTC d ominance is remaining relatively unchanged. This could indicate price movement on either Bitcoin or Alts .
DOWN: BTC d ominance is decreasing, meaning that altcoins are outperforming BTC .
We see an increase of market capitalization on the TOTAL chart:
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CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL
Total market cap chart Why total is important I hope I dont need to explain. CRYPTOCAP:TOTAL
Possible Targets and explanation idea
➡️Weekly chart. Marked 2 times with trade on indicator moment to SELL and out of crypto
➡️June 2022 was a main bottom for crypto and BTC especial
➡️November - January we are under real value of total
➡️C4L direction showed also November-January whales accumulate aggressively
➡️White zones is depression zones where whales also build average entry for investments
➡️Take profit lines marked by fib levels + take profit indicator before correction
➡️ Correction I think we will see at April-May 2024
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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• Look at my ideas about interesting altcoins in the related section down below ↓
• For more ideas please hit "Like" and "Follow"!
TotalMarketCap (TOTAL) Bullish Momentum BuildingTotalMarketCap demonstrates strong support within the demand zone, consistently breaking above downtrend trendlines. These developments suggest that TOTAL is potentially gearing up for its next upward surge. Currently, the risk-to-reward ratio appears favorable, particularly in light of today's pullback.
Bitcoin technical analysis - new update _ 2023-10-31
Long position
After breaking the box ceiling at 34820 resistance
Entry 35050
The loss limit is 34,500
Risk Free 35600
First save profit 36150
The second save profit is 36,700
The third save profit is 37255
Profit limit 37,600
-----------------------------------------------------
Short position
After breaking the box floor in the support of 33586
Entry 33395
The loss limit is 339000
Risk Free 32890
The first save is 32385
The second saving profit is 31,800
Profit limit is 31500
(TOTAL2) Alt coin market cap!!!!!Alt coins are bloody, the market moves based on Demand and Supply
If we go back to our chart, we can see here that there is not much demand in that area, between 600B to 680B.
In our previous data, in that area there was a good upward impulse movement, but now the sellers are more aware.
We can go back to the 400B range of the Alts marketcap, and we can still feel the price drop in some of our altcoins across the market.
be careful when positioning trades on different alt coins. Don't over trade too much. Relax and enjoy different things first to avoid big losses in the market.
PS: 400B support + Moving average 200 ; massive buying zone.
Happy trading!!
TOMOUSDT → a strong coin in a weak marketBINANCE:TOMOUSDT in a weak cryptocurrency market gives us hints of chic bullish potential. But this will happen under a number of conditions
The coin is in a range under the resistance at 1.5480 and under the downtrend line marking the direction of the global trend. The coin after a long consolidation and numerous retests breaks this line and begins to move into the phase of realization of the accumulated potential.
On the background of weak BINANCE:BTCUSD (and this is important enough) TOMO forms an active bullish growth to the area of 1.5480, which is a panic zone for sellers. If this resistance is broken through, an increase in volumes will be formed that will start to lift the price, in which case we can catch a rise in price. Medium-term target is 1.9700 and 2.4390.
Moving averages on D1 act as support.
Resistance levels: 1.5480, 1.6640
Support levels: 1.3300, MA-50 and MA-200
In the future, I expect a continuation of the simplified struggle of buyers with the market, which may lead to a breakthrough of the above resistance and further strengthening of the price to important targets
CRYPTOCAP:TOTAL3 CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL2 CRYPTOCAP:BTC COINBASE:BTCUSD BINANCE:TOMOUSD a strong coin in a weak market
Regards R. Linda!
Whats happening with USDT.D ? We can see a clear and obvious correlation between USDT.D and Crypto Total Market Cap
As USDT.D increases its position within the cryptosphere we see a shrinking cryptosphere and vice versa as the cryptosphere expands USDT.D retracts
This is not a negative for USDT rather a positive
USDT market cap itself is positively impacted by USDT.D retracting as that means the crypto market is growing and should in turn lead to increase demand for their product and therefore their own market cap
USDT.D is getting close to breakout zone which can indicate two things
Firstly, a (possible) retraction in the cryptosphere. Secondly, a (possible) buying opportunity.
Want to lookout for an aggressive candle
You likely wont miss the move in the cryptosphere as an aggressive USDT.D candle likely has a more aggressive impact on any portfolio.. however with an eye on USDT.D can see if the aggressive move is one to buy or sell into. If an aggressive candle breaks out with USDT.D soon then it has a decent historical chance of being a prime buying opportunity even if the breakdown isnt to sub $15k
TOTAL and BTC ideaTOTAL = Total Crypto Market Cap
I've been pondering this idea. When BTC pumps, do not assume a duplication of the past 4-year cycles. The treasure yield curves have crossed 12 months ago, and it has been an indicator of market crashes and recessions. Typically the market crash and recessions begin anywhere from immediate to 18 months later. Well, 12 months has gone. Tick tock. And this wave pattern would match with this scenario.
So after BTC pumps over the next few months, be on the look out. Don't have a ride or die attitude for 2 years, as per last bull cycle. Just in case this chart is correct.
TOTAL - Bull run starts October?To get more clues on what BTC is doing, I analyzed the TOTAL (Total Crypto Market Cap).
I use Elliott, trendlines, and fibonacci. I keep getting the same results on many analysis, of the bull run starting in October.
I label my waves 1 A W and 2 B and Y. Why is that? There is a real possibility, that crypto does a huge pump for months, then another bear market hits. So I keep these corrective labels to remind me. This idea lines up with the fact that the US Treasury yield curves inverted 11 months ago. If you are not aware, in past history, recessions hit anywhere from immediate to 17 months after a yield curve inversion.
Total (Crypto Market Cap) 1W until end of 2023Price is expected to move sideways until mid October between 1T and 1.115T
Starting mid October scenario is splitting into two: Optimistic and Realistic. End of October will show which scenario takes place.
Optimistic scenario includes prolonged sideways movement until start of November and consequent steady growth until the end of 2023.
Realistic scenario implies breakdown below 1T bottoming no lower than 922B and ranging there until February with possible false breakout on the edge of 2023 and 2024. Steady growth is expected no earlier than mid February 2024.
In my humble opinion, I tend to err to Realistic scenario and it is more aligned with my view of Others.
Crypto - Key Breakout LevelSorry about the mic fuzz at the beginning.
Leave your questions & thoughts in the comments.
To sum up:
Bulls to regain control until the start-mid November at 30k levels
Bears to very quickly take over at those levels
This aligns with analysts' timing predictions of a heavy recession start.
Considering DXY likely not being stationary, 30k is a rough estimation
This aligns with analysts' timing predictions of a heavy recession start in end of 2023 or early 2024.