#Total Mcap, Not everyone is watching this!!I'll keep it short unless we see a break and close in daily above this red resistance which happens to be around $1.87 trillion. I don't think we will start rallying.
Also if you look into the grey box, the index got rejected multiple times from the blue line.
It needs to get above it.
If you are too excited with that $3000 candle on BTC, Don't!
Be smart and think twice before FOMO buying anything.
It's better to buy higher with confirmation rather than buying exactly at the resistance!
What's your thought on this?
Do hit the like button and share your views in the comment section!
#PEACE
TOTAL2
Dangerous TOTAL2 PRZ?! Crypto market dump ahead? In order to have a bull market, it's essential to absorb more money; and I mean BIG MONEY! The main reason that crypto market made huge profits in 2021 was that more people understood what cryptocurrency actually is. This led to normal people (such as me and other new to crypto fellas) investing on this market hoping to get good profit and we got it! But how long would this bull run last? The answer lays beneath the TOTAL and TOTAL2 charts. These charts reveal how much money the entire market has absorbed.
As I mentioned at first, the more money the market gains, the more it grows. But when the money slowly leaves, the Market Cycle Phase changes. You may ask what it means, so here's a simple explanation from Investopedia:
1. Accumulation phase: This phase occurs when the market has bottomed and the main investors such as big corporations, money managers and smart investors start buying. In this phase valuations are attractive, yet huge percentage of investors still consider the market bearish and the sentiment analysis say so.
2. Mark-Up Phase: During this phase, technicians see the movement in the market and other investors get on the bullish train and prices start to go higher and higher. This is investors favorite phase! No matter what you buy and when you buy it, you make great profits.
3. Distribution Phase: In this Phase, sellers start to dominate the market, the bullish sentiment changes to mixed sentiment and prices often move in trading range. As soon as this phase comes to the end, the prices start to reverse and classic patterns such as double top or triple top appear on charts.
4. Mark-Down Phase: Without any doubt, this phase is the scariest of all 4 and the nightmare of investors. During this phase, prices go lower and lower, the news would be all bearish. If we carefully observe the third phase and exit the market, our money can be safe but if not the nightmare would become real without any doubt.
If you take a closer look you'll realize that the TOTAL2 was unable to go higher than the all time high. You don't even need to be a technician to notice that. I used the 4H time frame on purpose. It is possible to see bullish movements in short-term yet it all could just be a pull back in long-term. The market cycle I mentioned earlier is fractal which means there could be bullish mark-up cycle in 1H or 4H time frame but not in long term.
In conclusion, this post wasn't here to scare you, but to inform you what could be awaiting us. The money I mentioned could leave one coin and be invested on another one, eg; from BTC to MANA or vise versa. This means it's still a very attractive market but you have to be more careful. Looking forward to hearing what you think!
TOTAL2 4HOUR UPDATEWelcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As we can see in the chart that TOAL 2 is trending around this blue channel and from the same downer support line now we are expecting a bounce from the support level
let's see how the daily candle closes.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
Alt-coin Market similar move to July 2021. 130% Pump Incoming? As you can see from the simple chart, the Alt-coin market just recently dipped below the 200ma and then recovered above it. It is a similar move to what happened last July 2021. After bouncing off the lower trend-line, we hope to see the price close above the 200. The last time this happened the Alt-coin market pumped 132% initially. More gains were recorded after a slight correction. Could this happen again?
Total Crypto Market Cap on the weekly chart- still a prominent head and shoulders on the weekly chart
- the total market cap has been in a downtrend since the ATH
- there is a large gap in between the conversion line and base line which indicates a drop
- if there is a retracement the target would be towards the bottom of the ichimoku cloud
- if the total market cap dropped this much (around 25%-30%) it would be ruthless for alts
$170-200 TRILLION MARKER CAP BY 2030 ?- As we can see since 2015 the market did roughly a 1,100,000 % INCREASE!!
- This cycle took around 3 years to top off
- 2018 the market was sitting at around $36-38 Billion it shot up by around 3,100% at its current peak of $2 Trillion
- We have a long way to go, the crypto market is still a BABY!
- We could see a 100X from here until 2030, this is your last chance get in early or get left behind, a time like this will never come again in many lifetimes!!
TOTAL M.CAP UPDATE!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this Total market cap update. Remember my previous Total market cap analysis. When the total market cap is trading around $1.36T I told you that it is making a falling wedge so we can see a drop and the Total market can go to touch the lower trendline. Exactly that is happening now.
Now what? So now I'm expecting a strong bounce in Total market cap is around $1.1T and when this bounce is coming the whole cryptocurrency market is green again.
If we get a daily close below $1.04T then this chart becomes invalid.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
Thank You!
total 2There are 3 scenarios for Total 2
If the trend line is broken, it is likely that Total 2 will fall to the next important support area(1 T)
Currently, there is an important support in the region;
-fibo 0.5 _0.618
-static support
-dynamic support
which, if implemented, can increase.
If the red downtrend line in the chart is broken, the Altcoins season will occur.