Potential Bullish 5-0 on the TOTAL Crypto MarketcapWe've had a bit of a pullback on TOTAL Crypto Marketcap but we are still well above where we started and are holding 5-0 Harmonic Support. If things go as planned we will continue higher from here and hit the first target of $1.2T and if we break above that, the final target of $1.7T
Here is a close up of the Shark and the 5-0 on the 4 Hour Timeframe:
Totalcryptomarketcap
Litecoin: Attempting to Break Free From a Multi-Year-DowntrendA few years ago Litecoin was trading at this very level and at the time the idea was that it would eventually make a higher low and give us a Bullish Bat-Action-Magnet-Move which would result in LTC confirming a harmonic W structure and revisiting the 88.6% Retrace Above to Finalize a Bearish Bat Pattern; After many months we finally set in the higher low we were looking for and began to go for the 88.6% Retrace to complete the pattern, once hit we began what would now soon be a Multi-Year-Decline.
However now we seem to be showing Signs of Seller Exhaustion in the form of Double MACD Bullish Divergence and an Oversold RSI and now it is testing the Downtrending Line to see if there's enough supply there to keep it down or if the sellers truly are too exhausted to continue this downtrend much longer. If the trendline breaks Bullishly which i do think it likely will my First target will be to take us back to the level this downtrend first bagan (the initial zone of reversal) which i labeled "The Danger Zone" back before the intital Bearish Reversal happened but if things get truly insane I think it could see as high as the 1.618 Fibonacci Extension at $700-$2200 depending on rather or not you're looking at it from a Linear Scale or Log Scale basis.
Along with that LTC since around Nevember of last year has been showing Bullish Variables against it's BTC Pairs, The Total Cryptomarket Cap, and Oher Individual Alts such as BCH and ETH. It would be alot to go into the full details of all of those variables here in this post, but i have posted these variables live as price action has progressed over the years so if you want to see the details of these variables, I'v listed them below in the Related Ideas Section.
TOTAL 3: Falling Wedge Projection.TOTAL 3 is represents the Total Marketcap of the entire Crypto Market Excluding ETH and BTC anD right now TOTAL 3 is trading in a small falling wedge that itself is within a bigger Descending Broadening Wedge. If TOTAL 3 can Break, Hook, and Go from the smaller wedge it's Target will then be at the Supply Line of the much bigger Descending Broadening Wedge; Rather or not it will Breakout of the Bigger Wedge and Continue up from there is to be discused when it actually gets there, but for now the Smaller Wedge target is all im looking for.
Crypto Market Cap - BEAR SENTIMENTThe total crypto market cap still looks extremely BEARISH. I expect the market to fall to around:
1. $400B
2. $120B
before a climb ensues. We will go back to the $3T zone and break it. Cryptocurrencies will SKY-ROCKET. However, for now we are still headed downwards.
PATIENCE IS EVERYTHING IN THIS BUSINESS!
Crypto Total Market Cap 1WCRYPTOCAP:TOTAL
The green support kept the market cap in the same range and sent it up. If the red resistance is broken, we should see a significant increase in the market cap. But we have more confirmations to drop. We have a triangle pattern and if it is successful, we will see the price drop.
Possible targets if the red rectangle is broken: marked with a purple horizon lines
Possible target if the green rectangle is broken and the triangle pattern is successful: Around 600B
(THIS IS JUST MY PERSONAL IDEA)
3/3 times this was a good time to buy crypto. Is now the 4th...?Playing around with statistics and probabilities... Some people seem to believe in RSI and stoch RSI indicators (overbought / oversold markets). Especially when combined with powerful price action such as resistance and support levels. Such confluences seem popular statistical signals to buy or sell the market or at least start a DCA process.
Let's check what it suggests this time - and remember "past performance does not guarantee future results". ;-)
The total crypro market cap seems to have retested a significant level: 2018 Jan all-time market top. That level was broken through only several months later and the price never came back down to retest this level. Until the recent past few weeks. It is said that new All-TIme-Highs need validation via retesting previous All-Time-High levels before heading even higher. Now this has happened and the price has held above this level - so far. We are also below another important historical support (now turned into potential resistance). So the break of the down-trend has not yet been confirmed by price action.
However, statistics-wise this was a good time in the past to invest in crypto and hold it for new ATHs. 3/3 times such a low RSI and Stochastic RSI level confluence has proven a good time to buy crypto (mainly BTC of course, not the exotic meme coins that are nowhere to be seen today). What do I consider low? Both the weekly RSI and weekly Stoch RSI moving below the lower extreme threshold (their respective colored areas) at the same time. On a closer look, the weekly RSI + Stoch RSI confluence also worked when the RSI value was between 27-37 while the Stoch RSI was at extreme low levels.
So I bought some strong crypto now and will see the results in a few months. I never use up all my free capital, neither should you. Alwayss keep some gunpowder dry just in case history invents new statistics. ;-)
Crypto Total Market Cap ReviewHello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Crypto Total Market Cap.
Chart is self explanatory. It could get to the 0.236 Fib level before coming back down. RSI and Stoch RSI are near or at the overbought region. Volume dropping off still.
Also Included: MACD, Ichimoku Cloud, and VPVR.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Total Crypto Market Cap Warning!Hello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Total Crypto Market Cap.
The chart is self-explanatory. The total crypto market cap fell out of the Ascending Channel most recently formed two Bear Flags, back to back. The measured moves are shown in the chart. Though I want to be bullish on crypto, it seems there is still strong downside pressure with the measured moves still intact.
My last Total Crypto Market Cap warning:
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Total Crypto Market Cap: Warning Signs!Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Total Crypto Market Cap.
The chart is self-explanatory. The total crypto market cap fell out of the Ascending Channel and Bear Flag (exactly as predicted!). The measured moves are shown in the chart. Though I want to be bullish on crypto, it seems there is still strong downside pressure with the measured moves still intact.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
First warning sign - Jan 2022:
Second warning sign - May 2022:
Third warning sign - June 2022:
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
total crypto market cap.total crypto market cap just tagged the 100% extension for this massive zig-zag.
is that all the blood we're going to see in the short term?
possibly.
if 100% extension successfully holds, we will see a mean retracement of this move, before further downside.
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if it happens to get below it \ flip it into resistance, we could potentially enter into capitulation territory;
where the titanic would simply sink, and it would take everyone with it who didn't bring a life jacket.
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stop loss is your lifejacket in this market, be careful out there my peoples.
Total Crypto Market Cap 1M Chart ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for the Total Crypto Market Cap.
The chart is self-explanatory. The total crypto market cap fell out of the Ascending Channel. The measured move is shown in the chart. Lastly, this is a monthly chart, so please have patience.
Included in the chart: Trend line, Ascending Channel, Support and Resistance Lines, RSI.
Have you read my Bitcoin: No Hopium Discussion 2? Check it out ->
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
#TOTAL closed above this EMA! Bullish Rally ahead? Total mcap broke out on March 22nd, 2022, and is currently retesting the resistance turned support trendline.
As per this chart TOTAL, MCAP is likely to rally from here.
As per fractals, 200D EMA has been an important indicator for short bull rallies throughout the market.
The index closed right above the EMA.
There's a lot of FUD in the market which logically shows signs of opportunities in the market.
$1.8 Trillion happens to be a very important support level for the index to hold on 2D and weekly charts.
Conclusion:- Total mcap has retested after the breakout and bouncing from the 200D EMA. Increases the possibility of a bullish rally for the next few weeks.
Invalidation:- Only if it breaks and closes below the Channel.
If you find this chart interesting, do hit the like button and share your views in the comment section.
Thank you
#PEACE
A clear Roadmap for crypto TOTAL market capHello my friends...
today i'm going to show you future roadmap for TOTAL chart.
as you see in chart, it broke downtrend and has been supported by our curve trend. now it has to hold triangle until breaks daily bear base and get full bullish. now it is fighting with Ichimoku leading span B and Ema200.
ALTSEASON confirmed by this unique pattern.This is the TOTAL3 index which displays the Total Crypto Market Capitalization excluding Bitcoin and Ethereum. The time-frame I chose is the 2W as on this, a very unique indicator (MFI/ MA) shows a pattern that should not be ignored.
As you see, this month, the indicator formed a Bullish Cross, similar to those of April 2020 and February 2019. The common characteristic of those two past crosses, was that they confirmed the past two Altcoin Seasons (Altseasons). The whole pattern is virtually identical with 2020, even with the 2018 (for as far as data are provided).
In each case, the Altseason ended with the indicator's Bearish Cross. In our view, a new Altseason has just started and we can hold until the very first sign of a confirmed Bearish Cross.
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Crypto Fair Value Logarithmic downside approx. 22% from hereGuys, when in doubt, zooming out!
The green line is the lifetime fair value logarithmic channel. Despite all the turmoil, the total crypto market should not drop below $1.28 trillion. This is approximately a 22% downside from here.
The price action is usually way above the fair value. Even though the price action has been trending sideways and down since mid 2021, however, the logarithmic fair value of total crypto market-cap, by definition, TRENDS UP.
TIME is on our side.
So relax, take a chill pill, consolidate some of your more risky shitcoins into Bitcoin and stable coins, take a deep breath and wait to see if we actually hit the worst case scenario.
Frankly, I have been DCA-ing heavily lately. Not much lower we can go.
- @Loniwood
Twitter: @Loniwood
TOTAL/BTC BREAKOUT
You can see that BTC has beautifully broke up. However if we look at the total crypto market there was no breakout.
This could indicate that there is further downside or that the real test will be after BTC's breakout of the descending broadening wedge
if we look at current price action of BTC
If BTC breaks 39k it will go and test the highs of 43-46k. Breaking 46k will start a new bull run, probably to a new all time high.
However, BTC already broke down from both the triangle formation and the descending broadening wedge pattern.
Now if it gets rejected from the same trendline it will dump quick and by a lot, probably retesting the lower 30s.
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BTCUSD BTCUSDT STACKING SATS
#TOTAL MARKETCAP! Breakout imminent? BULL MARKET NOT OVER YET?Welcome to this extensive analysis on BTC Dominance.
If you are reading my updates for the first time , make sure you follow em if you want the most complex charts
Explained in the most simplified manner.
I also post margin and futures trade setups.
Now, let’s get to the chart.
The index is currently retesting the BLUE MA which is bullish in the short term for both btc and altcoins.
What's really important is a close above that back expanding channel.
Breakout and retest would confirm a new bullish rally throughout the market and possibly a new ATH in BTC. For that to happen it needs to close above the $1.92 trillion mark and retest it successfully.
CONCLUSION:- Mcap must break and close above the red resistance cluster and retest it successfully for a new bullish rally. The expanding channel is a bullish pattern all we need is a breakout and retest.
What do you thunk of this chart?
Do share your views the comment section and so not forget to hit the like button.
Thank you
#PEACE
Total Crypto Market Cap 1W Chart UpdateHello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Total Crypto Market Cap.
The chart is self-explanatory. The total crypto market cap is making an attempt to get back into the Ascending Channel. If it does not get back into the channel, it has the potential to fall down significantly. RSI is approaching the S/R Line and will need to go back above it to continue the move up. Lastly, this is a weekly chart, so please have patience.
Included in the chart: Trend line, Ascending Channel, Support and Resistance Lines, RSI .
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
Total Crypto Market Cap: 1W ReviewHello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Total Crypto Market Cap.
The chart is self-explanatory. The total crypto market cap failed the Ascending Channel support re-test and has been falling. If it does not get back into the channel, it has the potential to fall down significantly. RSI is in a descending wedge pattern so there may be a chance of upside, however economics and traditional markets do not look strong so this may be a short lived upside. Lastly, this is a weekly chart, so please have patience.
Included in the chart: Trend line, Ascending Channel, Support and Resistance Lines, Descending Wedge Pattern, RSI.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Total Crypto Market Cap $ back to 1 trillion? More downside?From my point of view the further crypto market development is heavily dependent on macro factor s such as:
- Federal Reserve's decision to hike interest rates in the upcoming months to curtail the rising inflation in the country
- Stability of the US stock-market which is heavily correlated to the crypto market
- Leverage portions within the market: According to coinglass.com, long positions worth over $1 billion were liquidated in the last 24 hours
- Conflict in Eastern Europe
Chart patterns are important but macro factors should always be considered! I still have my long-term positions but also put some cash aside! Not financial advice!
Total Crypto Market Cap: Chart Update Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Total Crypto Market Cap.
The chart is showing a possible Head and Shoulders Pattern forming with the right shoulder currently forming. This may be invalidated if the crypto prices start to rise and increases the Total Crypto Market Cap. If the H&S pattern does complete the formation, it could potentially lead into a crypto bear market. Since this is a weekly chart, we will need to wait and watch.
In the related ideas below I discuss the recent BTC price with trend lines, EMA Ribbons and 200 SMA. Please review those as well.
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk