#cryptomarket mid term weaknessTOTAL1 #cryptocurrencies total market cap chart. (Inc. #btc #bitcoin #eth #sol #bnb #xrp #doge and all #altcoins) Some dead cat bounces are necessary, but overall weakness is playing out with continuation. Former support zone is now turned into a strong resistance zone (Orange box).Declination will be sour.
Not financial advice.
Total
📉 TOTAL Market Update 📉Yesterday's sharp selloff saw TOTAL market capitalization drop from $2.3T to $2.13T. Today's FOMC meeting could exacerbate downside pressure.
Support Levels:
Immediate support: Bottom of the current range at around $2.054T.
Further support: $1.80T - $1.95T (daily 200 MA) if $2.054T is breached.
Market Outlook:
May historically experiences trading challenges, often characterized by choppiness.
📈💡 Stay cautious and monitor market developments closely! #MarketUpdate #TradingInsights 🌐📊
04/27/2024 - Watchlist, Stocks, Crypto - Video Idea - TA ChartsWatchlist, Stocks Indexes, Bitcoin, Crypto TA Charts by @NoFomoCharts
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TOTAL, Bitcoin (BTC/USD), Halving History, ETH/usdt, BNB/usdt, SOL/usdt, ADA/usdt, XRP/usdt.
04/27/2024, 08:00PM EST Video Idea.
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All content is Not financial advice.
TOTAL (1H) forming a possible bearish patternLooking at TOTAL chart in 1H timeframe, it's possible that a rising wedge pattern is being formed. if confirmed, market can dump a little for a couple of days. in case the pattern fails and TOTAL crosses above the resistance zone, the current pump in the market shall continue with a better momentum.
Total crypto marketcap similar to large-cap and small-cap stocksWhile Bitcoin rose to new all-time highs this year, many altcoins seem to lag behind it, showing a somewhat similar dynamic to that observed between large-cap and small-cap stocks (where large and well-established companies managed to recover in the past year or so while their smaller counterparts have been struggling). In addition to that, it is often overlooked that despite a huge rally in Bitcoin, the total cryptocurrency market cap has not reached its previous all-time highs from late 2021 (even despite Coinmarketcap currently listing more than 2.4 million different cryptocurrencies on its website, which is far more than at the peak in 2021).
Illustration 1.01
Illustration 1.01 shows the weekly charts of the three largest cryptocurrencies (excluding Bitcoin and stablecoins). Unlike Bitcoin, each token failed to reach new all-time highs (thus far). The same applies to other large cryptocurrencies, including XRP, DOGE, and Cardano.
Please feel free to express your ideas and thoughts in the comment section.
DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
DOGE → The realization of the breakdown could give us 50-70%BINANCE:DOGEUSDT is attempting to break through the correction in order to continue the uptrend. On W1 the price enters a new channel and opens a new potential.
On D1 a reversal pattern is forming with the subsequent formation of a pre-breakout formation. The market is buying back the fall in a few days and preparing for realization. This generally indicates a high interest in the coin.
On W1 DOGE enters a new channel 0.16 - 0.34, which in general opens a huge potential for the meme coin in the medium and long term.
On H4, the price breaks the bearish channel resistance (correction channel). A consolidation above the resistance and a retest of the 0.1800 area is being formed. A breakout of this line will open the potential for the coin and also confirm the end of the correction.
Resistance levels: 0.1800, 0.20637
Support levels: 0.16900, 0.14528
I expect the realization of the breakout of resistance with the subsequent distribution of the price to the specified targets
Regards R. Linda!
📉💡 TOTAL Market Retracement Analysis 💡📉📊 Market Overview:
Recent Movement: The TOTAL cryptocurrency market capitalization has experienced a retracement from approximately $2.6 trillion to $2.35 trillion before rebounding briefly and encountering resistance at the $2.5 trillion level.
Current Trend: Despite the bounce, there's a risk of further downside if the daily support line around $2.35 trillion is breached.
📉 Potential Scenarios:
Breakdown Scenario: If the support at $2.35 trillion is breached:
Downside Targets: Look for potential support zones at $2.10 trillion - $2.20 trillion and $1.80 trillion - $1.90 trillion.
Impact on Altcoins: A market retracement could lead to bearish sentiment for altcoins, potentially resulting in further declines.
Recovery Scenario: If the support holds and the market rebounds:
Upside Potential: Anticipate a potential return to previous levels or higher.
Altcoin Resilience: A successful rebound could stabilize altcoin prices and restore confidence in the market.
💼 Risk Management:
Monitoring Support Levels: Keep a close eye on the $2.35 trillion support level and be prepared to adjust strategies accordingly based on price action.
Managing Positions: Consider implementing risk management strategies such as stop-loss orders to protect against adverse price movements.
Market Sentiment: Stay informed about market sentiment and monitor key indicators for signs of potential trend reversals.
📈💰 Trade Responsibly: Stay cautious and adapt to changing market conditions. Managing risk effectively is crucial in navigating volatile market environments. 📉💡 #TOTAL #MarketAnalysis 🚀📊
Crypto is easy. Buy in the Triangles and than enjoy ...the expansionary phases that occur after
LOL
I know it ain't that easy
But everyone else who didn't invest
will say it was.
They will never understand!!!
LOL
best of luck still wildly bullish
But I will become a stablecoin maxi one day not too far away.
And you will probably hate me ;)
📉 Market Analysis: A Crucial Juncture for TOTAL 📊🔍Overview:
The TOTAL market cap is currently at a critical juncture, testing the bottom of the range resistance level at $2.5 trillion.
Recent price action indicates volatility and uncertainty, highlighting the importance of careful analysis and risk management.
Key Insights:
Recent Rejection: Two weeks ago, the TOTAL faced rejection at the $2.7 trillion level, signaling strong selling pressure and a potential shift in market sentiment.
Support and Reversal: After retracing to a low of $2.2 trillion last week, the TOTAL found support and initiated an upward movement, indicating resilience in the market.
Current Test: With the TOTAL now testing the bottom of the range resistance at $2.5 trillion, caution is warranted as a rejection could lead to further downside movement.
Support Levels: Significant support levels are observed between $2.2 trillion and $1.8 trillion, suggesting potential areas for the TOTAL to retest in case of a rejection.
Bitcoin (BTC/USD) - Potential Morning Star Candle Pattern WeeklyBitcoin (BTC/USD) has been in an uptrend for over one year, 2023 to 2024, and is currently testing all-time high prices.
A potential Morning Star candlestick pattern (bearish) is forming on the weekly Bitcoin chart.
Bitcoin price may fall in the short-term leading up to the Halving Event in April 2024.
To continue an Uptrend in 2024: Bitcoin needs to breakout and rally above $75000, $80000, $90000.
If not, a pullback is possible for Bitcoin price, and the price could fall down to $60000, $50000, $40000.
Upcoming USA Stock Market Earnings, FOMC Federal Reserve Interest Rate Cuts, and Global Fundamental Catalysts could also affect Bitcoin and cryptocurrency sector volatility.
⚡ TOTAL Market Analysis ⚡📊 Market Overview:
Recent Movement: The TOTAL cryptocurrency market capitalization faced rejection at $2.70 trillion and is now retracing to test lower support levels.
Current Situation: The next major support is anticipated in the range of $2.05 trillion to $2.20 trillion.
Alts Potential: There is a belief that altcoins will experience a significant bounce once the market finds support.
📈 Trading Strategy:
Observation: Anticipate potential support levels for entry opportunities in altcoin trades.
Preparation: Prepare trades in advance to capitalize on the expected bounce in altcoins.
Entry Plan: Look for confirmation of support in the TOTAL market before executing trades in altcoins.
Risk Management: Set stop-loss levels to manage downside risk in case of unexpected market movements.
🌐 Note: Stay vigilant for signs of market stabilization and consider factors such as volume, market sentiment, and overall trend direction before initiating trades. Adjust your strategy based on evolving market conditions to optimize trade outcomes.
Total Cryptocap’s log chart just hit the falling wedge targetIf we take the teal bull pennant and only measure the pennant part which is also a falling wedge, the target we get from the breakout has just been hit by our current price action. I felt that was worthy of posting a chart bout. Though bitcoin has already achieved a new all time high days ago, the entire market cap for all of crypto is still just below it’s previous all time high currently. I would expect that to change in the very near future, however there’s always a chance at a retracement once rice hits the full breakout target. Since we just hit the full breakout target of the teal falling wedge, then it could retrace, if it does it may take longer to reach a new all time high. ALso possible for it to pump just enough to reach a new all time high then start its retrcement, correction, or sideways consolidation. Either way we can see as I have stated in previous charts, that this falling wedge is also a very valid bullish pennant and the breakout target once you include the height of the pennants flagpole for your measured move line, Is a staggering 17.5 trillion or so…No guarantee we hit the full target this bull run, however the ay the bitcoin spot etf buying has kind of changed the paradigm of what’s possible there’s definitely a chance we could hit this full target for this current bull run. As I have stated in the past the dotted yellow measured move line to the left is a measured move target from a pennant we broke up from 2 bull cycles ago and it didnt hit its full target in that bull run. However since it is in a very close proximity to the price target of this teal pennant’s measured move breakout target as well, it creates a good bulllish confluence and we could see both targets hit this bull run. I would say worst case scenario we head to those targets by next bull run but very plausibly can reach them during this one. *not financial advice*
Crypto Market: Is the Bubble Bursting or the Bull Run Ongoing?The total market capitalization of the crypto market increasingly seems like we might soon see a reversal for Wave 3, as there isn't much room left for upward movement. We would reach the all-time high in market capitalization just above the 361% extension for Wave 3. Thus, we don't believe there can be much further upward movement. Afterward, we should see a significant decline, potentially into the target area of Wave (B). We're not trading this directly; it's included purely as support for our analysis. Then, we'll look to develop Wave (1) further and see one final push. We're essentially anticipating that after this downturn in market capitalization for Wave 4, we might see a surge in altcoins before a more significant and prolonged correction downward for the overarching Wave (2). It's important to remember that we are in an overarching Wave III, indicating significantly rising prices in the future.
⚠️ Market Overview - TOTAL Cryptocurrency Market Cap ⚠️📊 Analysis:
Current Level: TOTAL (Cryptocurrency Market Cap) is at a level last seen towards the end of the last bull run.
Resistance Zone: Currently in the $2.50T - $2.67T area of resistance, and it's extremely overbought.
BTC in Price Discovery: BTC is in price discovery, and uncertainty exists regarding how high it might go.
Risk Management: Traders need to be cautious and manage their risk tightly over the next couple of days.
Next Resistance: If $2.67T is breached, the next resistance is the November 2021 all-time high of $3T.
Potential Support: A rejection could lead to a test of the next area of support at $2.05T - $2.17T.
🌐 Note: Market dynamics can change rapidly. Stay informed about the overall market sentiment and be ready to adapt your strategy accordingly.
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 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.