TOTAL2 Will Survive!As you can see TOTAL2 is clinging onto the gaussian channel downtrend. This may be a possible reversal point for the alt coin market. ~57B.
Totalcap
TOTAL Volume analysisTOTAL has been on a massive bull run since the release of cryptocurrencies. PVT shows huge demand for cryptocurrency. Cumulative volume index shows a steady increase of buyers flowing into the market. Overall net trend is looks extremely positive. Included a fractal that shows a possible price reversal point at the long term uptrend.
TOTAL2 Massive island topFurther downsides expected in this bear market, this island top could reach a critical point where it flash crashes to, or near the 0 fib line.
TOTAL2 Rectangular bottomRectangular bottom with a triple bottom, short term bullishness expected. Continuation of bearish trend will likely follow. First time using this chart pattern.
TOTAL2 Ready for a golden crossThe altcoin market has experienced some major downsides in the past few weeks, short term target of 0.382 fib level pushing the market cap to ~65B. 4 hr time frame view.
TOTAL2 Bearish ActionSitting on bottom of Gaussian channel, room to either break channel or move upward. TOTAL% > TOTAL2% Bearish move imminent is my best observation from these two charts.
Weekly Total Market Cap (Oct 27) Cash out period really!#TOTAL $TOTAL #MARKETCAP #CAP #TOTALCAP
It is still a coincidence that the Total Market Capitalization will reach the 150B$ zone on Jan-01 2020.
But then, maybe we will see a big possibility that the market will bounce back above 300B$ in May 2020. At this time, BTC DOM is going down, which means that capitalization will flow into Altcoins.
But what we should do is to wait for the next delist to see money will flow into which Altcoins.
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TOTAL2 The wild little brotherCrosses incoming. Movement of TOTAL2 seems to be a lot stronger than that of TOTAL in both directions. Possibly indicative of alt season. Both however seem quite bullish.
Altseason! &extraPossible futures of altcoins, marketcap could be pushed back into the 100B+
Did I do the fibonacci spiral correctly? Couldn't find the tools to properly sketch out full roadmap of TOTAL2, let me know your thoughts
:)
Atlast the priceline entered in potential reversal zone of SharkAtlast the priceline of Cryptocurrency Total Market Cap. Exclude Bitcoin is entered in potential reversal zone after completing a bullish shark pattern.
The stochastic is already in oversold.
Volume profile of complete pattern is showing very low interest of cryptocurrecy trading at this area.
Histogram of MACD was strong bearish now it turned weak bearish from 1st to 9th Aug on four day chart, So this blink is an indication of bull signal soon.
We have a golden cross formation between 50MA and 100MA and both moving averages are also the strong support for the price action.
Since after Dec 2018 this is the 1st time that the price action is hitting the bollinger bands support.
Since after Jun 2018 atlast 1st time the ichimoku cloud is turned strong bullish and lagging span is still above the priceline, now the candle sticks are hitting the spike at bullish cloud.
RSI upto 2 day chart is oversold:
We have a strong support at: 75278567254, if the price action would be reversed from here then it can form a strong double bottom formation insha Allah.
So there are more indications that the altcoin bear market will be ending soon rather than the continuation of bearish market.
I have used Fibonacci sequence to set the long position and short position area as below:
Long position area starts from: 73021550046 to 59531072880
Short position area starts from: 90010083679 to 122244430179
Regards,
Atif Akbar (moon333)
TOTAL MARKETCAP IS UP Total marketcap is currently running well in the rectangular frame and I think it will be up,
the whole market will recover well this weekend.
Total market cap for cryptoTotal market cap for crypto now we are going down to 182 billion soon befor pumping to 336 billion so the alts coin will dump again so be careful and convert all your crypto to usdc or pax I will update soon after biancne completed the maintenance
Altcoins vs. Bitcoin - is there any hope left for Altcoins?Even with BTC over $6,400 and being up more than 75% since January 2019, we have not seen any major bullish move by the rest of the CryptoCurrencies.
The question is if correlation between Bitcoin and Altcoins are going to fade, or not!
In major crypto exchanges still the main currency is Bitcoin.
Total Crypto Cap Analytic (6 May)TOTAL chart is MarketCap chart include BTC
TOTAL2 chart is MarketCap chart exclude BTC
Both charts show us a descending trend. So this time is not good to buy in
What it Would take to Defeat the Big Grizzly BearThe total crypto market cap would have to cross the 120+ billion level. That number lowers with time, as the log down trendline advances into lower numbers (so, for instance, if it were to happen now, it would have to be 130 billion; if it happened in April, 120 billion would suffice to break that line): this is why time is so important. Time is as important as price. We often underestimate the importance of time.
A bunch of things are happening (Lightning Network ecosystem booming, Bakkt coming in 2019, etc.) - it's impossible to predict when that will happen. Remember also we don't need 10 billion fresh fiat into crypto to go above that, that's now how market cap works. It's not about fiat pouring into BTC/crypto, rather, it's about the PERCEPTION of value. (For instance, if by tomorrow nobody wanted to sell their crypto anymore, the supply would be reduced and the price would rise instantly without having new fiat pour into crypto).
Let's see how this develops. Have fun.
Decisive Moment on the Total Crypto Market Cap?The long term bear trendline has been touched 6 times now. It's true that for such large price differentials it's better to look at the log scale, but nevertheless, this could be at least psychologically important.
The triangle withing the dawnward wedge is approaching and end so we should see a decisive move soon if this is significant as was assumed.
