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.
Totalmarketcap
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
TOTAL Crypto Market Cap nearing bottomThe long-term sharply declining trendline has been broken a few weeks ago. Now we are forming a descending wedge on the weekly chart which has an 80% chance of reversing a trend. A confident upward channel is nearing the upper trendline of the wedge. It may find resistance there and turn back to lower levels. However if it breaks, we have a good chance of reaching the 1.1 - 1.2 Trillion Dollar crypto market cap.
The recent CPI data is making people happy but we need to see more positive fundamental data. Unemployment is still very low, spending is still ongoing at large. A real interest rate-pivot by the FED could mean a sharp return of inflation.
An alternating total value between 750B and 1.2Tr USD could be a realistic screenplay in the coming months. A trader's paradise. :-)
As for HODL strategies, I would still consider this a good level for some DCA. Historically extreme low convergences on the RSI and Stochastic RSI have proven to be good levels to accumulate crypto - BTC mostly as altcoins tend to bleed for a while even after BTC bottoms...
I still believe that visiting the 700B level is not out of the question which could result in BTC finding a new under 15k. The mpst negative possibility in my books is breaking down to a TOTAL crypto market cap of 400B which could take BTC down to somewhere between 10-12k proce range. That would be a great buying opportunity... :-)
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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CryptoCheck
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.