Broadening triangle. BULLISH ! The TOTAL crypto market cap is experiencing a heavy indecision between sellers and buyers. This pattern usually happens at the top of the run and it can be a continuation pattern. This is a rare pattern and until failure of the 5th wave, we are still strongly bullish
Stay safe!
TOTAL2
TOTAL2 Retest, Likely Further Collapse - PitchforkTOTAL2 Has seen some great growth
there is more to come for the bulls but we are now jus taking a breather and gearing up
at the 0.5 line is a strong and likely point of support for this price action
Being tested as resistance three times, to be tested as a support? It will likely reject upwards and continue with the bull run.
BTC/USD (32k Weekly Key Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin weekly swing top has been set at 64k dollars
-The recent dump touches its weekly strong support zone
-We can see a bullish rejection near the 50W moving average
-This is a good sign but still not enough to push the price back above
-I think we will trade below the 40k or low 40k zone in the coming days
-Expect high volatility so please use proper stop loss location and risk management
-Some info is in the chart kindly check above
-Thanks all for the support! keep safe!
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TOTAL2 Altcoin Market Cap Expected Bounce SoonI am expecting Altcoin Market Cap to bounce soon and reach at the peak point around 1.8 - 2 T $. I do not think that this is the end of bull, I think that we are still accumulating for the longer and stronger rally. Many coins have not even reached their ATH level since 2017, and market has many times more money than it had in 2017. I'm expecting a bear market after there will be really euphoria and nearly every coin reaches their ATH level. I'm not selling anything, I am just hodling. Greed and Fear index is at 11 which means that it is a buying opportunity. If you are a small investor, do not follow other small investors, follow the big buddies. This crash happened because of fear of the small investors, but for whales it's an opportunity to double, triple their wealth. They are buying from you for cheap prices. Be clever, chillout and rest.
TOTAL2 Food for the Bulls - Dip being boughtThis is a great pullback to catch if you are looking to buy in to one of your favourite altcoins
All of them (basically) on sale!
I have been patiently adding myself
There has already been one bullish rejection along 2618 I expect another to follow, allowing the market to continue pushing new highs
A Trillion dollar washout…Total cryptocurrency market: -39%
Bitcoin: -43%
Total cryptocurrency market excluding Bitcoin:-41%
CRYPTOCAP:ETH
These numbers show, whole cryptocurrency market is in deep trouble.
I believe cryptocurrency market need more than a trillion dollars to gets back to its previous levels!
The most probable case is more than 95% of +4000 cryptocurrencies out there will become worthless (zero in value) in the next 3 to 5 years less than 1% will survive the next 10 years!
Don’t forget as soon as prices getting a little higher there will be many people ready to cut their loss or exit offset!
Currently I’m searching to find the next bubble! What could be the next? Those who find the answer, will be the winners of the next decade..!
CRYPTO WEEKLY #19 (2021)The crypto market is up for a rough week with Bitcoin in a downtrend, the majority (if not all) of the market will go through pain in the coming week. It is to be seen where we can expect a temporary bottom for BTC but if we don't find one above 42K, the market is going for a correction.
Currently we already see a head and shoulders on the total market cap without BTC and its trading on support inside the wedge. When we decisively breakdown from the wedge; I believe we will test support at the 1 trillion dollar supply zone and if that doesn't hold - we go for sub trillion levels of which the red target zone is the most likely one. Buy opportunities will come once we find a local bottom...
We could see some more fake out behavior to the upside or (even better) see money move from Bitcoin to the other coins and BTC becoming less relevant in the time to come... However this will take some time. A bullish scenario for (certain) alts is definitely not excluded yet however the risk / reward ratio for the market as a whole is unsatisfactory at time of writing.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
BTC/USDT (Saved by 3D 50MA Support?)💎Technical Analysis Summary💎
BTC/USDT
-My last BTC update was still trading in a small range around 55k-58k dollars
-The bitcoin bears won the game after breaking its local support at 53k dollars
-The price touches the 3D 50 moving average and the price reacted with a strong push-up
-I think the bitcoin bulls defended this important moving average like history on September 2020
-We may see a temporary bounce to retest the downward resistance at 55k dollars
-If the bulls can clear the resistance above, the chances to continue the trend higher increases
-But if another rejection will happen, a major support retest is likely to happen again
-And if that bearish scenario plays out, the bulls will be in trouble in the coming weeks
-I'm expecting a sideways action inside this triangle pattern until June
-This would be a good chance for the Altcoin to bounce up if they are holding at key support
-Please exercise proper risk management because the game is starting to look difficult
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Alts MCAP (TOTAL2) AnalysisWe are either looking at a nasty rejection continuation
Or a double bottom formation and a break of this trendline that has been continually tested (3 times)
Personally the bear scenario sounds more logical to me, yet this is crypto so I accounted for both sides.
The 200MA (yellow line) wont hold if this breaks down. FYI
poor crypto noobsBitcoin is the system 2.0 and everybody is getting baited into it. Can u see it, the prison you are building for yourself?
Monero is fundamentally a more valuable asset than Bitcoin, solely because of protocol level privacy.
You can act like individual privacy isn't a pillar of freedom and equality on earth, you will only expose your deficient understanding of the cypherpunk ethos that did give birth to the Bitcoin you pretend to love so dearly.
Market will remain wrong until 1XMR = 1BTC
How to chart crypto market caps beyond TOTAL, TOTAL2, etc.! TradingView offers some awesome abilities to chart the entire market cap for cryptocurrencies using TOTAL, TOTAL2, and OTHERS under CRYPTOCAP. However, I often find myself having inquiries beyond just these symbols, so I would like to introduce how to show other market caps possible using some simple math.
For those who are unaware what the symbols mean under CRYPTOCAP, here is a brief introduction to a few of them:
* CRYPTOCAP:TOTAL - The entire market cap of all cryptocurrencies in the world such that if you were to own every cryptocurrency everywhere, this is how much money you would have
* CRYPTOCAP:TOTAL2 - TOTAL minus the the market cap of Bitcoin
* CRYPTOCAP:BTC.D - Also known as "bitcoin dominance", this represents the percentage of the total market cap which is made up of Bitcoin
* CRYPTOCAP:ETH.D - Similar to BTC.D, this represents the percentage of the total market cap which is made up of Ethereum
* CRYPTOCAP:OTHERS - TOTAL minus most of the cryptocurrencies provided by CRYPTOCAP that end in ".D"
Additionally, for a full list of what OTHERS omits, this can be found at the following page by excluding all the prices described under the section "Total Market Capitalization Dominance, %" on that page.
However, sometimes you might be looking for further market caps (e.g., just bitcoin, etc.). For these, here are some useful equations that might help you out:
* "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2" , aka "the TOTAL market cap for BTC" - The easiest way to calculate the market cap of BTC is "TOTAL-TOTAL2", since the difference between TOTAL and TOTAL2 is the whole of BTC by definition
* "CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100" , aka "the TOTAL market cap for ETH" - Since ETH.D is the total percentage of ETH in the market, multiplying this (as a percentage) by the total market cap yields the total market cap of ETH
* "CRYPTOCAP:TOTAL2-CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100" , aka "the TOTAL market cap of everything BUT BTC and ETH" - Since we just calculated the total market cap of ETH, and since TOTAL2 is the total market cap minus that of BTC, subtracting the latter from the former yields the total market cap minus the two largest behemoths
I should note as well that the market cap of any currency can easily be calculated using the formula ".D*TOTAL/100" so long as "COIN" in this formula has a "dominance" indicator under "CRYPTOCAP", e.g., XRP, LTC, BNB, etc.
To chart any of these symbols, simply enter in the above formulas (without the quotes) instead of the symbol when using the search box in the interactive chart in TradingView. For example, instead of searching for "BTCUSD", try searching for "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2" instead.
Hopefully folks find this useful for their future charting endeavors.
BTC/USDT (Sideways Trading?)💎Technical Analysis Summary💎
BTC/USDT
-Hello everyone, I'm not able to update my BTC idea
-Because there is no significant data at the moment
-Bitcoin is still trading within the Neutral to Bullish zone
-We can see BTC tried to close above 58k dollars
-But the Bears easily send the Bulls back inside the ranging zone
-Many altcoins are benefiting from this sideways trading for the past few days
-And if Bitcoin can finally regain momentum above 58k dollars in the coming days
-Expect these altcoins in the accumulation zone or upside potential continuation
-Will start to break into new higher highs or extremely behave like a rocket ship to the moon
-Guys, please trade responsible and immediately adopt what the market is telling us
-Risk management is the key to survive this game
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BTC/USDT (New Short-term Key Support?)💎Technical Analysis Summary💎
BTC/USDT
-The bulls entered the market with a good bounce back above 0.5 Fib level
-We still have 6 hours left before the daily candle closes
-And if the bulls can maintain above 55k dollars, that is a good sign
-Especially we are seeing good news in terms of fundamentals about Bitcoin & Altcoins
-We are large-cap altcoins are performing well for the past few days
-This is because the BTC Dominance keeps printing lower lows
-And Bitcoin is expected to move sideways within a range for May
-I think we will have another good altcoin season for a few weeks
-But we can not let our guard down, we need to consider the bearish scenarios as well
-I'm eyeing a few altcoins which have not created any significant move yet
-If the market condition will be in our favor this month
-I'm expecting these potential coins can big percentage gains within few weeks
-Alright, Have a nice day and stay safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
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Trading Involves High Risk ⚠️
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Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
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