Crypto total market cap 45 % drop soon. Be ready!Total crypto market cap broke bearishly as Bitcoin did.
We expect a short term bounce and getting rejected at the strong resistance.
Final target for bears: 585 - 600 B
After that we expect the real accumulation face and the new bull market to start.
P.S Don´t get overexcited with a short-term bounce
Totalmarketcap
Pattern Similarity with 2018 Bear Market RecoveryWhat follows is a comparison of the daily chart during the 2018 bear market recovery with the present weekly chart. Markets like to repeat patterns, with similarities and differences:
Repeating Pattern Similarities:
Both made a head and shoulders top
OBV and Volume show similar patterns of behavior in both charts
The amount of correction prior to recovery is similar
Repeating Pattern Differences:
2018's head and shoulders top had a descending (or practically straight) neckline. 2023's head and shoulders top has an ascending neckline
OBV has dipped more during the present downtrend than before, and Volume peaked earlier during the head/shoulders top this time (Volume is also down more now than it was during 2018 recovery, respectively)
Signs are pointing to a recovery, but DXY is behaving strangely and market conditions are entirely different than they were in 2018.
2023 Recovery may be higher than 2018, if neckline is reached - it could look like a double-top with a lower high (potentially even another HS pattern at the end)
Should the pattern repeat itself again on the higher time frame, I've outline a rough path that could take us into one of the two red boxes, or even somewhere in between, with:
-- Conservative Targets near previous head and shoulder top lows
-- Aggressive Targets stopping at or near the ascending neckline, and this would coincide with my theory of a lower high double-top, which I think is the more likely scenario (see related idea below)
-- Otherwise the potential to stop somewhere halfway in between either
Chart is long until recovery completes at one of the levels above.
This idea fails immediately if we fail to remain above the wedge here on a re-test on the falling wedge breakout (3-day chart pictured below):
Related Idea - neckline targets coincide with lower-high double-top theory:
Cheers, and thanks for taking the time to read through my ramblings!
-- dudebruhwhoa
#ALTCOIN MARKETCAP is Flashing Important Signal.Have a blessed Sunday to you all.
ALTMACP broke to the upside.
I am just skeptical about it for one reason, the confirmation candle closed in the red.
Unless we get a candle closing in green above the same, expect manipulation.
Be careful about holding the maximum portion of your portfolio in ALts.
Alt/BTC pairs will bleed.
I prefer holding BTC and a few alts with fundamental advantages like VRA is 230% already, HFT has started its run( Chart coming soon), and many other Gems APT did 4x.
So follow me if you want to know the next potential 50x coins!
DYOR, This is not financial advice.
Do show your support if you like my work.
Thank you
#PEACE
MARKET BULL SEASON ( ALTCOIN SEASON )Crypto coins started to be discovered. Everyone wants to be rich. And this is why it is turning to altcoins instead of btc.
Especially the Shit coin Doge, Hot, Btt, Chz, etc. It will turn to pump coins. Season is PUMP season.
If the first areas are happy, the last ones will suffer great losses.
Sorry, these are the Facts.
You can wait for years. It is useful to be careful.
Because when they get what they want, they have nothing left to buy from you.
Sorry, Doge will finish the season with Btc.
For now, I see it as May 31, 2021.
Stay tuned, ahead. I'll share the exact dates.
Enjoy it very much on May 31st.
Pay attention especially on May 24th.
Hill Hunt will go out (ALL TIME High will come).
Look at the top selling. May some others win.
Getting out in the right place is most important.
This season is the season of disposal.
Move up, those who open Short can do a lot of damage.
When the bear season comes, we will lower the prices together.
Pay Attention to Your Stops.
MARKET CONDITIONHere we can see that TOTAL MARKET CAP has a RESISTANCE at the zone of "1.4 T" and if it takes RESISTANCE from the zone we can see a good correction in the market. Please avoid to take LONG TRADES at this time and if the the candle takes correction from the point you can look for short trades in the market.
ENJOY!!!!!!!!!
TOTAL CryptoMArket Cap Daily UpdateDaily TOTAL chart shows we near completed to the neckline of FTX crash recovery MACD, RSI & StochRSI all overbought
4 hour shows similar state and so it is very likely that PA will remain range bound along the trendline now, but as support
VERY BULLISH for future moves
But I think we still need to take care that is not turned into a Bull trap by those BEars with Attitude.
Right now, TradFi is battling hard and, if I am honest, I will remain very cautious
TOTAL Crypto Market CapTOTAL crypto Market cap maybe about to hit resistance
Approaching Fib Circle. Usual Resistance
PA surrounding the Left circle appears to be playing out on a bigger scale and if this is valid, Dip incoming as validated by Fib Circle
Support offered by a Low MACD though StochRSI overbought
This and with Fundimentals like the US dept of Justice saying thet Tough Crypto Regs incoming may create "Fear" and that is absolutely what is intended by them
TradFi is scared of Crypto now - Long Term, Crypto will recover but I do thnk we maybe heading for further downside till around Feb / March
Could be wrong obviously
RSI 60/40 strategy: no need for insanely complex indicators pt 5Did you beat this strategy in the last Cycle??
Total Market Cap Signals long for the first time since BTC was above $45K..
Personally expecting long term charts and indicators like this RSI 60/40 strategy to CONTINUE outperform in this next crypto halving bull market cycle.
(Long when RSI 14 goes over 60, close when RSI 14 goes under 40) Green line is RSI 60 value .. red line is RSI 40 value.
OUTLOOK for 2023: Accumulation Year
I'm expecting a lot of explosive moves followed by long stretches of low volatility. Generally price stair steps up. (sometimes one step up and two steps back)
This is similar to the 2015-2017 bull market. Hindsight, the chart of 2015-2017 was a constant upward move but that cycle had at least six 35%+ drops along with months of sideways action. This price action whipsawed me personally out of the market. Was brutal.
The 2019-2021 bull had two absolutely relentless bull markets from 3k to 14k and then from 8k to 60k. . folks who were not position long before moves got started were left in the dust.
So what am i saying here? I'm not trying to over-trade this next bull run. RSI 60/40 has proven to be a good indicator that also gives enough time to accumulate while. So I will take the signal
The difference between now and the signals in 2022 is simply our current proximity to the next Bitcoin halving in 2024. I did muscle memory during the bear market of taking these signals seriously(even though they were whipsaws and false signals) so now I'm not afraid to be wrong and also I don't even think twice about flipping bull.
TOTAL CRYPTO MARKET CAPHalf way through the week, I think its important to look at the bigger picture right now, after a week of "Bulls" return
Strong resistance met, initial rejection despite Fundamentals
Double Bottom played perfect
But a LOWER HIGH
CAUTION until we break free
PA needs a reset anyway but the real test is that long term resistance that began before the 1st ATH in '21
What's up about crypto market cap💰. TOTAL CRYPROCAP 📈📉Hello guys. This is an update of previous analysis (blow link), The chart is very similar to Bitcoin now. After breakout the trend line, I expect some correction as a pullback and complete the pattern then continuation of upward ,Consider it and monitor the price's action in the circles.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion here to me
TOTAL MARKET CAPITAL: A RALLY AHEAD.Hello guys, I hope you all are doing well. Here's a quick update on the total market cap in a daily timeframe.
The new year has been good for the Total 2. On the 1st of January, we saw a bounce back from the support line of $432.16B. If this bounceback is so good to be true then we can expect a close to 16% rally soon. If this rally takes place then altcoins will rally as well.
The invalidation point for this will be the lower support line. If the T2 breaks below this then it is game over for the above-mentioned rally.
I hope this chart will be helpful for you.
Thank you for reading. Trade safely.
TOTAL crypto Markte Cap RetraceTOTAL Crypto Cap
Everyone screaming BULL but Take Care right now
RSI is as Overbought as it was in Jan & Feb '21 when it pulled back 39% & 23% (Arrowed)
THEN it went on to reach new highs
PA is also now touching upper trendline
PA may Range but I feel a Dip is more likely
This would allow a reset of MACD &RSI, which would, once again, give PA the ability to reach new highs
Bitcoin (BTC/USD) - Potential Support Bounce - Weekly ChartBitcoin (BTC/USD) cryptocurrency price is attempting to bounce up from a yearly trendline support zone price of $16000.
Bullish scenario: Price could continue to rise and breakout through resistances above. Resistance targets above would be $25000, $32000, $40000, etc. A true breakout would need price to close above $25000 and continue a sustained uptrend rally.
Bearish scenario: Price falls to further test support levels below. Support targets below would be $14000, $10000, $8000, etc. If price were to fall down and close below $16000, the downtrend could continue.
In this weekly chart, the yellow trendlines represent long-term support & resistance price level zones (e.g. 1-year, 5-year, 9-year time lengths of price data).
note: be aware of any breaking/global/fundamental news that could override technical chart setups.
this bitcoin chart is on a weekly time frame, logarithmic scale.
#ALT MARKETCAP Hitting a Major Resistance. What's Next ??ALT MARKEPCAP is hitting the resistance right now.
This is a threshold point for the alt market.
If the index breaks this resistance alts will pump along with BTC.
I will keep this chart updated follow me for more.
Hit the like button if you like it and share your views in the comment section.
Thank you
#PEACE
Crypto Total MC - big daddy moves coming soonCrypto Total MC - big daddy moves coming soon
UPDATE:
Can't commit until I see this next few weeks/month price action. Two up options im seeing and one down. To be honest I was expecting down hard for the last few weeks, even a month, but the market has remained up, prob because legacy has been on a HUGE RIP. crypto has been pain in comparison; FTX really did a number on basically everything. F(#@ you Sam you slimey scammer.
the path forward is about to be painted:
REVEAL YOURSELF
grind up in any shape or form = valhalla for us
roll over or lose support/that last bottom = hades awaits your portfolio value