TOTAL Cryptocurrency Market Cap (With BTC) Outlook 17/02/2021as we can see currently we have 1.515 Trillion Dollars invested in the entire ecosystem of the Cryptocurrencies which is quite a bit huge amount of FIAT and yet we may have more Fiat to get invested in to this world as FOMO of retailers may pressurize it in higher but the question is how far?
now days we can see many regulatory and governments bodies are working on their Crypto currency as the system became aware of that they can not resist this movement so they want to get themselves involved in this new area and they are introducing their own coins or tokens.
from the other side we can see that the Online payment system and companies are also incorporating the crypto currencies in to their payment moods such as PayPal, Google Pay, Samsung Pay and so on...
so all of these factors can show that we might be having more Buy pressure and this Bullish trend Shall continue its rallies,
we have specified some zones based on Fibonacci expansion and we could see that soon we may face 2 Trillion dollars level and post that we may have some distribution as some corporate and big investors may want to capitalize and convert their Cryptos to Fiat in order to pay their investors or bills, so we can still be optimistic about this bull run,
keep in mind that this chart includes BTC and Bitcoin itself holds 61% of this market cap dominance and the related chart of that and Ethereum dominance is linked for your reference
we will link the TOTAL chart without BTC also soon to the same analysis.
please comment your opinion about this analysis and description
Totalbictoin
TOTAL2 descending broadening wedgeTOTAL2 has formed a descending broadening wedge on the intraday hourly chart, this is a reversal pattern. Each, the support line and resistance line must be touched at least twice to validate the pattern. On the 4H chart a cluster of Fib EMA's can be observed to be around the area of 78B, strong support area. On the weekly chart the price can be seen to be consolidating in the middle of the Gaussian channel trend, if this breaks upwards it will be massive.
CRYPTOCAP: TOTAL2 - an investor in the market!Good afternoon! Let's see what happens in general in the cryptocurrency market. A very interesting picture can be seen in the analysis of capitalization!
Clearly visible double bottom. The development, which will begin with a breakdown of + - 120V or the upper boundary of the channel. Corrective market movement has come to its first level. It may not be suitable for the second, time will tell. The purpose of the upward movement is indicated on the chart.
In any case, it is necessary to consider all options, even a possible trip to the third bottom.
Cryptocurrency market accumulation - the entrance of smart money for investors lasted for more than a year. It is clearly visible on the volume indicator. This is exactly when the market is at the bottom. What was not noticed in the previous bull wound. Then the money entered the market already in the period of growth.
What would that mean?
Most likely, large players have entered the market, who will very cruelly squeeze their profits from all the faint of heart.
Most likely, the main influx of new money for earning has not yet entered the market. He will be later in the period of massive FOMO from lost profits. When everyone starts talking about cryptocurrency, even those who have nothing to do with it, and not just in the news. So, if you are a beginner, be patient and don’t be greedy!
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DGD starting to look bullish, again...Most of the top 100 altcoins are in green momentum and we expect a good support for DGD too at the current level. We will be taking a long position with 10% of our current portfolio if the trend cotinues in next hours.