WATCH OUT❗ BearRally Correcting Overleveraged MarketsHi Traders, Investors and Speculators of the Chart📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩(will be moving to corporate some time in Jan 2023)🏫
Bearish market rallies are meant to look like bottoms - shaking many holders out of their positions. This is because Stop Hunting Algorithms flourish here, hunting out your stop losses with wicks and volatility. In this short analysis, I explore the Total Cryptocurrency Market Cap in depth, using Technical Indicators such as the Bollinger Bands, Volume and Phoenix Ascending.
A formidable resistance zone is currently at 1T for the TOTAL chart, and I would only consider a reversal if we can CLOSE a WEEKLY candle ABOVE 1.1T ⬆ In other words, remember to take profits during a time of upward price action.
IMPORTANT XRP and XLM update coming tomorrow, stay tuned and follow 👀
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Totalmarketcap
TOTAL2 IdeaIdea for TOTAL2 showing points in grey circles crossing the indicator leading to the indicator flipping to its bullish state
This can be observed to be currently happening on price
Will history repeat?
I suspect we will see a bit of a relief / bear market rally following all of this bloodshed
TotalMarketCap for Crypto (Y23.P1.E1)Hi Traders,
You can see why we have support and resistance based on the macro fibonacci perspectives.
I still feel that the 0.5 fib is the ultimate goal but who knows, maybe 0.382 as well.
I have the red line market based on the previous all time high.
Please give me a like and share.
Regards,
S.SAri
new analysisIt's really hard to explain this
but we have a slight downpour, and then about 1 month to 45 days the market is bullish , and the altcoin will grow between 100 and 1000%, currencies with high market caps like Ethereum 100% and currencies with low market caps up to 1000%,
and then we have a terrible fall that many currencies will be destroyed
if you like analysis with me. Join me and make a profit to message me or comment
I put 7 new analyzes I will let you see all the analysis to pay attention to the analysis dates and do not harm
new analysisIt's really hard to explain this
but we have a slight downpour, and then about 1 month to 45 days the market is bullish , and the altcoin will grow between 100 and 1000%, currencies with high market caps like Ethereum 100% and currencies with low market caps up to 1000%,
and then we have a terrible fall that many currencies will be destroyed
if you like analysis with me. Join me and make a profit to message me or comment
I put 7 new analyzes I will let you see all the analysis to pay attention to the analysis dates and do not harm
TOTAL3: STILL ABOVE THE SUPPORTING TRENDLINE.Hello traders, here is a quick update on the Total Market Capital (Excluding BTC).
Timeframe: Weekly.
The Totoal2 has been under a downward trend for quite a long time. A trillion-dollar market has now come down to 446.8 billion dollars within a year. Still, after a drastic change in the price action, Total2 has managed to stay above the support line. This can turn out to be a positive thing for the altcoin market. If the T2 sustains this support level then we can expect a bounce back toward the 700 billion dollars resistance trendline. This means, a good green rally for the altcoins.
If T2 breaks down below the trendline line then things may get worse for the altcoin market. As of now, things look under control and I am hoping that the T2 will make a positive move soon.
That's it from my end, I will see you in my next update.
Enjoy your Christmas, guys.
How To Use Volume Profile Tool For Massive Gains! 99% ReturnsDisclaimer: Not Financial Advice
Using The Volume Profile as a tool for my Nava Imbalance Strategy, I have made 99% ROI time and time again!
1. How I Use Volume Profile Tool
(From Last Major Swing To Present)
Blue Lines = Immediate Support/Resistance (Range)
- Best entry ZONES, Area to WAIT for BUY SETUPS
- Best to wait for price to pass sup/res lines and on the way back enter or wait for a retest.
Light Blue = MAGNET LINE
(Shows which side the pressure is pointing to)
- Price will always come back to the magnet line
- IF magnet line is getting closer to one side of the range, Its early indication of direction.
- Note, price WILL fakeout to the opposing side blue line before moving hard to direction of early indication to give you best possible entry!
WARNING: Volume Tool CHANGES. Long term not so much but still keep in mind.
2. Magnet Line is closer to bottom of range =
Bearish Pressure
3. Pressure builds up within the magnet and support zone
until price breaks out to retest opposing blue line resistance first.
4. BEST POSSIBLE SHORT ENTRY
Retest here usually results
in a Fakeout. Look for ENTRY SETUPS
5. ENTRY SETUPS
Double Top/bottom, Head & Shoulders, rsi/macd oversold/overbought, etc.
6. FOR BEST RESULTS (80% Profitable)
Use Volume Profile Tool with Nava Imbalance Strategy
(View @JOKESTV Tradingview)
TOTAL 3: BREAKDOWN BELOW THE SUPPORT LEVEL.TOTAL 3 Update:
This isn't looking good. Total 3 market cap is the total market cap calculation ($) of all the altcoins except for BTC & ETH. Currently, it has broken down below the crucial support level which could turn out to be a fake down as well but can't be 100% sure. I was expecting the T3 to hold this support level but now we may have to look the other way around. Although the price has broken down below the support, the RSI has already reached its oversold zone which may turn out to be good for the altcoins.
If it is a fakedown then I expect the T3 to push back inside the trendline and continue its rally but if it turns out to be an actual breakdown then altcoins will bleed more.
Key points:
1. RSI at the oversold level.
2. Broke down below the support ($305B).
3. The daily close should be above $305B.
That's it from my end, I will see you in my next update.
Trade safely.
The case for a BTC Bottom: Have we Already hit "$10K??"The idea here is that price does not really need to go to the 10k-12k region for support because the real valuation is already actually there.
BTC, as an asset, is the same percent value of total dollar supply as it was in 2019 when each coin was worth about $10-$12K.
In USD terms the 16K to 18K region seems to be a no mans land... which in truth it kind of has been since price has spent so little time in these regions in past bull market crashes and pumps. usually this area is a transition zone.
But in terms of real asset valuation (using the total USD monetary supply as a denomination) the price is actually already in a fairly strong support zone that could produce healthy sideways consolidation and support as markets continue to churn in the uncertain 2022-2023 market environment.
No matter what... there is still a halving that will happen in 2024 as long as BTC is still running. So yeah. NFA..
#TOTAL MARKET CAP 1DAY ANALYSIS BY CRYPTO SANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
TOTAL MARKET CAP ANALYSIS UPDATE:-The Total market cap bounced with a decent volume after hunting stops below the marked previous low.
Currently, it is showing momentum, and a solid breakout above the horizontal resistance will confirm a bullish rally in it.
If it rejects from here, then further accumulation between the marked horizontal support and resistance is expected.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you