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!
Total
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.
Altcoins setting up for MASSIVE MOVE in a few monthsJust noticing some things as research is done.
CRYPTOCAP:BTC showing signs of POTENTIAL bottoming. However, it is NOT strong by any means. But, some is better than none.
CRYPTOCAP:ETH is also in a similar pattern but it is underperforming.
CRYPTOCAP:TOTAL 3 = NO #BTC or #ETH looks interesting, indeed!
It may take some time but it is setting up for HUGE MOVE!
This move will likely not resolve until late 2023 - early 2024.
Total Update on TOTAL. #TOTAL CRYPTOCAP:TOTAL Looking at the Weekly bearish rotation with 12/26 emas cross, hanging on for dear life on Day Yellow support. Next, Stop a double bottom at My weekly Orange target at 879.B #crypto #CRYPTONEWS #cryptocrash #cryptomarket CRYPTOCAP:BTC #BTC
total cryptoTotal has faced a heavy fall and will fall in the near future. Everything is clear in the picture. It has formed two negative patterns, both of which are very strong patterns
Bitcoin long : 2 targets.First target 27k and second target 28k.
I think 27k is easier to catch , but if anything drastic happens in the markets 28k should be considered as a good option.
Use proper risk management . Longing at these levels is risky.Overall my bias stands for more downside. I just like the setup and i think its worth taking the risk ,if btc goes down i still make money , i still have short positions opened from 30400$ region.
Navigating the #TOTAL Market Cap: A Glimpse into Crypto's Future💎The overall health of the cryptocurrency market can be gauged by examining the #TOTAL Market Cap, making it an essential chart for traders and investors. Delving into the #TOTAL weekly chart, the long-term perspective remains optimistic. Notably, the downtrend trendline representing the average price has been breached, accompanied by the formation of a new Higher High. Such developments hint at a potential transition from a bearish to a bullish trend.
💎Post-breakout, the market entered a consolidation phase lasting four months. During this period, the price oscillated between the 1.235T resistance and the 1.000T support. Currently, #TOTAL is undergoing a retest of the significant 1 Trillion mark, which aligns with the Volume Profile support, reinforcing its importance. If this Demand Zone remains unbreached, we might be on the cusp of a substantial 60% surge, targeting the 1.6T resistance. The strength of this resistance is underscored by its alignment with the 327.2% and 38.2% Fibonacci retracement levels.
💎It's worth noting that making long trades now could be akin to catching a falling knife. Nonetheless, our objective at the MCP team is to highlight these pivotal market shifts. By doing so, we hope to empower you to discern bullish indicators promptly, ensuring you maintain a competitive edge in your trading decisions.
TOTAL UpdateTOTAL is dump lower than i expected.
But still, i ain't believe that we're gonna trading below 1T, but if it's happen, i'll call it a fire sale.
Trade safely.
$BTC good long term case BUT where does support form?Long term BULL + Short term BEAR case
CRYPTOCAP:BTC is once again making a case for BULLS, at least short term.
We'll see what happens.
The 4Hr RSI getting stronger & can be seen on daily charts.
Longer term #BTC is making a GREAT case for bulls. But can take some time.
However, don't be naive. The current area is not the best place for #bitcoin to build a SUPPORT level, 25k much better.
BUT, it can, of course.
These are support levels for CRYPTOCAP:BTC to build upon.
For BULLS, 25k is BEST. However, it doesn't kill cause if it goes lower.
23.5k can be satisfied by the trend line.
Gap top is 21k & the Gap bottom is 20k.
Don't think the SUPER LONG TREND is in play, white lines, but who knows.
Crypto Market CapThe Total Market Cap , BTC and Altcoin Market appear to be breaking out of crucial long-term levels. Certain market conditions have to be met for either a bull-run trigger or bear-cycle continuation, based on the degree of economic stability and certainty in it. I'm going to discuss critical technical levels and their implications, as well as my fundamental views for the year.
Bad Outlook for Q3/Q4 of 2023:
Equity market health and controllable inflation would aid crypto development in the long run. So far the battle against inflation and stock market health have been promising. However, by considering the following 3 factors the outlook may rapidly change:
Fading AI hype
The end of the U.S. presidential election stock rally cycle, which occurs in the year after midterm elections (last midterms were in Nov 2022)
In Q3 of 2023 (particularly August and September) there is historically more consumption due to the beginning of a new academic year, implying further inflationary pressures and more gov intervention
1) Consumer spending accounting for >2/3 of GDP and 2) currently being discouraged through prolonged high interest rates - amplify my positive GDP growth expectations = more inflationary pressures.
Technical Levels with fundamental evaluation:
I believe long-term levels are crucial for trend analysis. We're currently testing multiple levels simultaneously. Due to my pessimistic views for the upcoming months I am bearish in the short-run and bullish in the long-run. From current price level I'd expect +- 30% drop (below 20k), shown in figure 1. If we do go to the upside, we could see a 60% short-term price gain, presented in figure 2. Either way great volatility is to be witnessed.
Figure 1
Figure 2
I hope you took away some important points. Trade safe :)
Feel free to comment your opinion
TOTAL & BTC: Guide to Trend Line AnalysisHi Traders, Investors and Speculators of Charts📈📉
One of the most important parts of trading is following the macro phase and planning your trades. The only way to do this, is to pre-identify the macro market cycle that's currently playing out, as well as determine key zones of support and resistance. You do this by drawing up trend lines on the chart, from a macro perspective.
Here's a comprehensive Guide to Elliot Wave Theory, done on ETH :
To summarize if you're short on time, Elliot wave identifies upward and downward phases during an overall bullish or bearish cycle. Wave 1-2 can often correct a near 50% from starting point of wave 0-1. This means the price can drop -50%, and you would still be in a bullish cycle .
Now that we've discussed Elliot waves, we can also take a quick look at Wyckoff Method for BTC, which I did over here:
In other words, don't be scared of corrections! Wait and plan your trade. There's no need to force a trade. If you have identified your support and resistance zones with diagonal and horizontal trend lines, you can wait for the price to reach your target and execute a brilliant trade with a great risk-reward setup.
Golden Pocket Rejection We dropped down to a swing failure pattern May 12th. (a long wick down). We then sprang back up on the 15th to create a small range for the month of May. The low and high of that range used to pull the fib and find a golden pocket at 1.15 trillion . We have left that range long ago but since rejected from it twice. I wonder if we will retrace to the POC below and continue ranging? My gut says we go down but that doesn't mean anything really.
Now here's the thing. If you zoom out 100% and draw a fib from the lowest low to the highest high you will see the golden pocket is.........1.15 trillion. I cant make this stuff up.
TOTAL Crypto Purchase !!!Global Zone 1.008T-709.181B
Purchase level 869.515B
Local area 873.661B-657.391B
Purchase level 775.162B
Sweet Shopping Zone 857.15B-741.039B
Secret purchase level 737.157B dotted line!
Will SEC witchunt kill TOTAL3?! What does it need?? SEC wants to crack down on crypto market
This is a means to control the flow of money. Every nation across time does not want to see their money flow out of their 'bloc'. If Binance continues to be a behemoth in the new finance space whilst CZ is in China.. this will continued to be perceived as a threat. I dont have extra information into Binance but regardless the Western bloc doesnt want Binance to be taking retail or corporate USD/EUR/GBP/AUD/CAD/etc en masse. Just as China does not want US tech companies to dominate a space like search for Chinese people.
This will consolidate the market
If SEC is successful (i dont know if they will be) then it will consolidate the market. This consolidation can be great for TOTAL3. Personal views aside if the flow of money is clear for larger actors then floodgates can open. From retirement funds to sovereign wealth funds to even treasuries.
Who would lose ?
Many altcoins could be damaged beyond point of recovery. Recovery I mean getting back to where they were. Many can dwindle into obscurity and became harder and harder to participate in. The real loser out of a consolidation of the crypto market will be retail and class mobility.
What to do about it ?
The upside potential of many smaller altcoins can easily tempt many to dump their bags into those with greatest upside. Regardless of SEC and regulation these smallest ones have the most risk. It is important not to be too lopsided in high risk crypto when crypto itself as an index is down 70%+ ie 3.3x to highs. There is plenty of gains out there within the bigger players who are more likely to rise above regulation and be where money is pushed to.
Who wins ?
As I imagine will be the case for at least another 10+ years.. the winner will be bitcoin. It will be hard to stop. Even anti crypto regulation will help bitcoin. It may be the biggest and seem like the least upside but it is increasingly important to have some exposure to the sun. Sun=BTC.
BTCUSDTThe 4h divergence continues. Bitcoin is waiting for another attempt to make a jump. I'm waiting for a test zone 30700-31300. A wedge is a good sign of a new move up. Good luck to all
BTC Cycle Review: know when to hold 'em & when to fold 'emReviewing the time around the halving that produces profitable trending signals.
From the chart 1 yr and 2 months before the halving and 1 year 5 months after the halving produces profitable signals
consider pre halving to be spring
consider post halving to be summer
consider the red X between the two to be winter and unprofitable to take signals.
Posting this up as reference into the next cycle. interested to see how this plays out.
Bitcoin | Extra Ordinary TimesA few months ago, Bitcoin experienced a near-death situation.
Very few of us realized the importance of that event, and the risks that were involved.
And now, even though Bitcoin has moved far from the bottom, it is still on the edge of a blade.
We have heard it on the news. Bitcoin has broken even. Everybody who has held Bitcoin is on average profitable. It is these "average" moments that are the most extraordinary.
The average Bitcoin Address (let's assume that 1 address = 1 trader) is in a precarious spot. The wealth accumulated in Bitcoins has been growing inside a bearish wedge pattern. Now, an important trend shift may be playing out.
The wealth in each traders' account looks poised to drop. It has been a good decade fellas!
The lesson for today: don't be like Bitcoin. Always remember to watch your step.
BUH-BYE
The Crypto Market Shakeup (#TOTAL): Breaking Through Key Support🌴 Paradisers, let's delve into the recent developments surrounding the Crypto #TOTAL Market Cap and its potential implications for the cryptocurrency market. 🌴
💎 A significant event has occurred as the Crypto #TOTAL Market Cap broke through a crucial demand area, signaling a potential shift in the overall trend. Adding weight to this observation, a confirmed Head & Shoulders reversal pattern has emerged, indicating that bears have gained complete control. This situation undoubtedly favors the continuation of the downtrend, presenting a rather negative outlook for the crypto market.
💎 At present, a minor pullback would be deemed beneficial for market health. It is anticipated that CRYPTOCAP:TOTAL will reach the previous demand level, the current supply zone, and the downtrend trendline. Should this scenario unfold as expected, it is likely that whales will begin accumulating short positions, leading to a consolidation phase. This consolidation phase sets the stage for #TOTAL to approach the $950B support area, completing the Head & Shoulders pattern and potentially dropping further to the $876B level. In the event that downtrend pressure remains robust, the final wave down could drive the price as low as $800B. Importantly, this support area finds confirmation from the 88.6% Fibonacci retracement and the Volume Profile level.
💎 However, it is crucial to keep in mind that the bearish scenario will hold true only if #TOTAL fails to breach the $1.138T resistance, which previously acted as a bounce point off the downtrend trendline.
