TOTAL2
CRYPTO - TOTAL MARKET CAP 2It's truly amazing how total market cap excluding btc runs in perfect channels.
So far we can see we are trnding up and first natural target is the main trend line which is aso the upper line of descending channel.
There I expect longer september correction which can lead us to the second touch of the lower band of our huge channel.
Making hgher low there would be imo very bullish for the nearest future.
TOTAL2 - Recovery FormationSimilar scenarios can be seen to the earlier green rectangle period
This green period was the result of a breakout from a falling wedge (recovery formation)
The green rectangle period we are approaching now also follows a recovery formation, however a different one, an inverted H&S
This rise will lead to another retest of the strong downward resistance in white
Daily timeframe
ALT M.CAP IS TRYING TO BREAK OUT!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this TOTAL2 (Alt M.cap) update.
Total2 is forming a symmetrical triangle in the daily time frame. Currently, it is at the resistance trendline. Also, there is a 100MA. All we need is a close above the triangle and 100MA for a perfect breakout.
If it gives a perfect breakout then August will be very good for ALtcoins. We might see an 80-100% pump in many Alts. As of now waiting for a breakout.
Support:- $590B
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#TOTAL MCAP Bottomed already?Total Marketcap looks really good on the macro time frame, no matter what the BTC and ETH chart has pointed out in the last 2 months this chart is showing signs of strength from a macro perspective.
We might test the mA one more time but eventually, it's going up soon.
The super trend indicator is might show up as a BUY SIGNAL soon for the entire market. To keep it clear it is a lagging indicator like MACD.
Let me know what you think!
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Cheers
#PEACE
TOTAL3 is looking very bullishTOTAL 3 weekly chart:
The Long yellow rectangle support box may
be the most important support in the entire
Market as a whole. When there is around 19,000
Alt-coin projects relying on BTC holding and this
huge monster support box holding, this is Do or
Die...Im confident in the coming 300 days,
we will see all time highs in the TOTAL 3 market.
The Green $2.674 Trillion is my Super bullish
prediction coming from measurements. and the
smaller yellow rectangles are the falling bearish
support boxes....lets hope we dont see the candles
fall lower. The RSI has never been this OVERSOLD, we honestly should be moving up
bc we are in uncharted territories and sentiment should change.
total crypto market cap.Bitcoin longs are at all time highs,
but the market continues to plunge.
This could only mean one thing,
they're continuing to average down.
----
There's an old saying that goes a little like:
"The market can stay irrational, longer than you can stay solvent".
>Once the longs run out of $,
>Liquidations will kick in;
>Once liquidations start spiraling,
>The price will accelerate very quickly to the downside.
----
Be very cautious in the land of crypto,
and understand what it is that you're getting yourself into.
💰
TOTAL MARKET CAP 4 HOURS UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
TOTAL MARKET CAP UPDATE
TOTAL MARKET CAP is forming this bullish flag pattern.
we can expect a bounce from there but if it breaks down this support then it will drop up to lower support of this channel.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Chainlink lost its all time price channelLINK fell below its all time price channel back in early December 2021, a sign that buyers were exhausted and sellers have dominated the price action.
When such a scenario takes place, the market maker is in control pulling up buy walls at a strategic point in the chart. In this case they protected pre-2021 valuations and went on a buying spree between 15 and 16 USD in confluence with previous support in July and the 1000 EMA on the daily. From that point we have seen a strong reaction upwards with the market maker again in control retracting their sell wall and pushing up their buy wall. With success, traders and investors took the bait and LINK surged over 80% to retest both the price channel and the bull market support band, where price got rejected.
Currently LINK is heading towards the middle of this local range between 28 and 15 USD. Price action will depend on the stock markets across the globe as well as Bitcoin's price action. LINK is one of the most correlated coins with Bitcoin, this creates vulnerability during Bitcoin corrections and relative strength in a Bitcoin dominated uptrend compared to other alts.
Even though we are in a downtrend and LINK is likely to test previous pools of liquidity we haven't seen since December 2020, the king of defi will reappear as one of the most valuable projects in crypto in the future. With many institutional interest in the past years, price action tells us that most early investors took profits and it tells you about the stance of VC's and whales towards the crypto market. Given their average buy ins and their position size, they don't need a 3 figure LINK to make life changing money - and they didn't need it in the first place - they already had it. Their play money went into these projects and heavy profits were taken when retail was buying into the hype.
The institutional backing creates organic price action for LINK, price action that comes with realism and heavy selling when things turn bullish. The very reason many people call their Linky so stinky. What we can conclude - by just looking at LINK - is that the post summer rally in crypto was rather a retrace and part of a corrective impulse. LINK has failed to set a new high and is one of the first altcoins to see summer 2021 valuations. This projects the reality of many other altcoins (most with less fundamental value) of what is about to come. Realistically we could expect a downtrend until Q3 or Q4 of 2022 together with a possible 40-70% correction for LINK. Many other projects would bleed much more and most memes coins - especially the ones outside the top 100 - will fall close to zero.
For LINK however, the future looks bright and a chance to get a VC entry on the oracle provider of crypto should be seen as an opportunity rather than a threat to your portfolio.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
#TOTAL3 MARKET UPDATE !!Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
#TOTAL3 Update!
Welcome to Total3 Market Cap Update. Total3 generally refers to the market cap of all Altcoins accepting BTC and ETH.
Total3 Here an inverted head and shoulders pattern is formed that has bounced off and remains a bull flag pattern where a breakout of the neckline is still pending.
Once it breaks the neckline we will see a pretty decent rally in Altcoins.
I am expecting a bullish rally in Alts in the month of July and August. I'm just waiting for this neckline to break. Let's see how it turns out.
Remember:- This is not a piece of financial advice. All investments made by me are at my own risk and I am held responsible for my profits and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
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Thanks.
TOTAL2everything accept btc marketcap
44% on the +side here think we see more relief (up) coming into the retest of exponantial moving averages
expecting heavy resistnace at that downtrend line till next halving catalyst event
or potential breakout for succsessful eth2.0merge
overall macrobullish
retested 2017high and bounced significantly
after a 75% retrace from speculative highs (euphoria cycle)
accumulating through summer and these lows will prove profitable in the long run imo
pyscologically speaking not much more can happen barring massive war escalaton or another pandemic