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Totalcap

Total Market Caps Still in UptrendThere has been a period of consolidation over the last few weeks with no major moves yet. Alts have started moving up, but still seeing a lot of bearish opinions and uncertainty. The top panel you will observe the Total MC for cryptos. It's currently in a symmetrical triangle. The bottom panel is all Altcoins, which is in an ascending triangle. I'm expecting a break one way or the other in about 36-48 hours from now. The probable direction is up for many reasons. 1. We are still in an uptrend. 2. Bitcoin is still above $30K and the Alts are consolidating after decent moves up. 3. Institutional interest is still there; evidenced by Marathon's big buy. 4. The dollar is currently still weak and can't get above the 50D EMA. 5. Lots of bearish thinking. I think we go up to the targets with the green dotted lines, followed by a decent correction back down to test present levels, followed by the Altseason everyone's been waiting for. This move will likely take the market cap for Alts to $720-$750B It goes without saying that a breakdown from these levels will likely end our present uptrend, but that possibility is minimal imo. Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
CRYPTOCAP:TOTAL2Long
by CryptoDude79
BTC - Trend reversal? - Maybe the end of this parabolic move Hello guys, I wanted to share my idea about the future of the crypto market. We have had huge volume in the past few weeks. This climax is not seen on the Bitcoin charts. Maybe bc of the shared volume in all different exchanges. There is a wisdom in trading: Volume never lies! This not means it is over at all, but for this trend, we have a reversal. It is time to take profit and enjoy life. Have a good time. Some facts about climax (source investopedia): -A climax occurs at the end of a bull or bear market cycle and is characterized by escalated trading volume and sharp price movements. -Climaxes are usually preceded by extreme sentiment readings, either excessive euphoria at market peaks, or excessive pessimism at market bottoms. -Essentially, climaxes are a result of supply and demand factors.
CRYPTOCAP:TOTALShort
by pwnXBT
7
TOTAL MARKET CAP (Y20.P4.E1).Correction still playing outHi All, I thought I have a look at the total crypto market cap and see what's going on. Here are my thoughts: OBSERVATION: ========================================================================================================== > WEEKLY chart: price action has so far found support and holding which has confluence with the weekly 21 EMA; A retest of the support line? The Phoeix has downward pressure however a deep pullback is not expected based on the green and red RSI positions; > Daily chart: support found on the daily 100 EMA as well as the 0.5 fib retracement although 0.618\0.382 fib looks more likely to be the area of most demand = 290 Billion The MACD has a bearish tone as well with the downward projection. Watching this space of the MACD and Signal merging will give us a clue if there is a bounce coming for the total market cap or a rejection. > 4 HRLY chart: indicators show downward pressure and the formation looks like a bear flag; THOUGHTS: ========================================================================================================== The correction pullback is to continue with downward pressure however not deep and hence the likelyhood of the macro uptrend is intact. The daily MACD is likely to not cross over based on the formation of the price. Looking at the ALTs, it seems many have downward pressure and looking like a bottom reversal formation is taking place, some having more to drop, others staying at their 0.618 level. It means we are likely to be here for a while and able to buy back crypto at a cheaper rate. If you review my SP500 post, this also translates with BTC. Hence my opinion of BTC going to the low 9K's is still valid. Also BTC dominance chart can support this thesis as well. The SP500 and Gold charts do as well. Please give me a tick or like for this post. Regards, S.SAri. WEEKLY Chart: DAILY Chart: 4 HRLY Chart:
CRYPTOCAP:TOTAL
by ssari
7