People are blinded by the Bear but Elliot tell a different storyThe past few months have been very tough for the crypto market when the price is entirely dominant by the Bear.
However, Elliot is here to bring good news, at least in a larger timeframe.
Looking at the bigger picture, we can observe that the basic Elliot wave is complete which include wave 1-5 and ABC in a smaller timeframe, and that completes the picture of wave 3 and 4 in the monthly timeframe.
So what do we do here?
Personally, I choose to take a risk by opening a long position after the price break the trendline as shown in the picture and tp at least 50% in the ATH area as we want to be cautious since the is a wave 5 in the Monthly timeframe and wave 3 have already increased a lot.
That's all bout the technical perspective. In terms of macro activities, I found that there's some news that could validate the fact that wave 4 just ended
Yesterday, the GDP of Americans have been announced to be negative 2 times in a row. This is very bad news for the USA that strongly affect DXY. So FED might want to stop increasing the interest rate sooner or later and start to print money to support the economy. and Crypto will be affected by that news in a good way
Totalmarketcap
Crypto Total Market Cap Breakout🚀#CRYPTO (Update)
Total crypto market cap just broke major resistance. Is this a sign that the dip is over or a fakeout?
Not a financial advice🙅🏼♂️
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#Crypto TOTAL market cap - perfect re-test of breakout ??!!Crypto TOTAL market cap - perfect re-test of breakout ??!!
Breakout target matches perfect with high traded volume profile at $1.219T
But the risk of a fakeout has to be considered - always
*not financial advice
do your own research before investing
TOTAL MARKET CAP 4 HOURS UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
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TOTAL MARKET CAP UPDATE
TOTAL MARKET CAP is forming this bullish flag pattern.
we can expect a bounce from there but if it breaks down this support then it will drop up to lower support of this channel.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
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#TOTAL3 MARKET UPDATE !!Hello dear traders, we are new here so we ask you to support your ideas with your LIKE and COMMENT, feel free to ask any questions in the comments, and we will try to answer for all, thanks, Friends.
#TOTAL3 Update!
Welcome to Total3 Market Cap Update. Total3 generally refers to the market cap of all Altcoins accepting BTC and ETH.
Total3 Here an inverted head and shoulders pattern is formed that has bounced off and remains a bull flag pattern where a breakout of the neckline is still pending.
Once it breaks the neckline we will see a pretty decent rally in Altcoins.
I am expecting a bullish rally in Alts in the month of July and August. I'm just waiting for this neckline to break. Let's see how it turns out.
Remember:- This is not a piece of financial advice. All investments made by me are at my own risk and I am held responsible for my profits and losses. So, do your own research before investing in this trade.
Sorry for my English it is not my native language.
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$1T ReCap of Crypto Total Marketcap ,( TOTAL Update) 📈📉Hello crypto community ,Welcome to new update for total index today:
From June 18, 2022, when I posted the last analysis, it took about 1 month to recover and regain the $1T level as an important psychological support for the Crypto Total Marketcap! and as we can see in the daily time frame bulls was able to retake the pivot zone that now acts as a support zone ,It seems that the total index aims to fills higher VG(volume gap ) zone or likely touches the the blue VWAP line ,
so in this case the next and is the higher levels are red resistance zone or descending trend line, so it may even see these levels but if it want to rise more should breakout the descending trendline , Although I expect to decline if it see these levels .
anyway otherwise if it loses the current support-pivot zone it can even see the lower demand zone !
✌️ Good luck with your trading and investing and remember: Trade smart…OR JUST DON’T TRADE!
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
💚if you're fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Is the bottom in?BTC and altcoins has been in bloodbath today (and also since the last weekends). Is the bottom in?
As in my prediction for BTC on 28th May, the targeted price were almost filled today (with good timing). However, if we look at the Total Market Cap of crypto, it seems that the whole market still has room to go more down. Price and RSI broke their trendline (on 1W TF).
In my opinion, the total market cap needs to drop at least 12% more from here. This means that BTC would go to $20000. This target was explained in my analysis "Capitulation for BTC?" posted on 17th May (using the below link).
TOTAL crypto cap - New bull market! Bull flag + Elliott wave
We have a tremendous confluence to buy cryptocurrencies for a long term at this moment!
It is a common thing to test the previous all time high (in this case from 2018) on the weekly chart.
200 moving average is considered as a strong support by huge instituions and hedge funds and bulls successfully defended this area!
0.382 FIB retracement is also a noticable support level on the LOG scale.
As per my Elliott Wave analysis - ABC correction has been completed on the macro scale and now we are ready for another bull market!
We have a falling wedge or a bullish flag - noticeable patterns on the weekly chart.
Look at my ideas about interesting altcoins in the related section down below ↓
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TOTAL M.CAP UPDATE! MARKET IS READY TO PUMP 20-40%....Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this Total M.cap update. After a long time, the total m.cap reached around $1T and it looks like it will be ready to pump more from here.
Total M.cap breaks an important resistance level which is around $950B and after breaking this resistance we can expect a good pump in the market.
Our next two resistances are at the $1.16T and $1.34T levels.
For this pump, all we need is to hold the $950B support previously resistance.
IMO we might see greenery in the upcoming weeks. July and August months give us a nice bullish rally.
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What's up about crypto market cap. TOTAL CRYPROCAPHello my friends. Everything is clear on the chart for you like always, I expect the bars to fill the second box and then come down again.
Good luck.
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#ALT MARKET CAP is on the run! 15% Rally ahead!Welcome to this quick update everyone,
Altcoin Marketcap is bouncing after printing a higher low.
The index reversed on 18th June 2022 with a low of $430.955 Billion Marketcap.
Currently its trading inside a rising channel and to cpmleyte it needs to print another higher high which gives us our short term target of $573 Billion, almost 15% from current level.
THERY TO KEEP IN MIND:-
Since this is a rising channel which is generally bearish in nature and often considered as a bearish continuation pattern unless broken to the upside.
This is a very interesting scenario here. BTC has been surprising us since the last few months and ALT MARKCAP breaking to the upside after printing a bearish pattern could be another surprise while the whole crowd is completely bearish.
This is just a theory. The chart along with multiple indicators are showing possibility of a 15% rally in this index which will eventually push the altcoins 20% to even 50%.
So take your trade decisions accordingly.
INVALIDATION:- A CANDLE CLOSE BELOW THE RECENT Higher low of $461 billion will invalidate this chart.
DYOR before taking any trade decisions based on this chart.
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#PEACE
LITECOIN to Take $19 Billion From The TOTAL2 Altcoin MarketcapWe have a Bullish 3 Line Strike as well as a Tweezer Top Visible on the Monthly Timeframe which would Currently put LTC on a path to take atleast a 3.7% Market Cap Dominance over the Total2 Crypto Market Cap which at TOTAL2's current USD value would put LTC at a Market Cap of atleast $19 Billion which is a little over 11 times more than it's current Market Cap; Assuming that the Circulating Supply of LTC remains near where it is, that would imply that the LTC/USD price will go up to around $584.85 per coin of this TOTAL2/LTC chart were to play out.
Total Market cap double bottom & ascending triangle/bounce time?I'm looking at Total market cap in daily and 4h timeframe. There is a nice Adam & Eva double bottom pattern, which can be broken very soon/ in coming days/ At the same time there is ascending triangle on 4h timeframe. The resistance has been tested 4 times)) As you know as many times price hits the resistance , it becomes weaker and more likely will be broken. Double bottom and ascending triangle targets, which are the same I pointed on the chart. For confirmation we need 4h and daily candle close above the resistance / You can look at my previous BTC analysis from bullish perspective.
ALTS MARKET CAP UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider it as financial advice.
ALTS MARKET CAP is making these two patterns in which one is bearish and one is bullish .
ALT MARKET CAP is forming bearish pennant in 4hr timeframe
If pannent broken downside then is ready for another 30% bearish wave.
TOTAL MARKET CPA is forming this symmetrical triangle also So let’s wait for a sustain break down or breakout will confirm the next move of the TOTAL MARKET CAP.
Let's see how the market will react in few hours.
Stay tuned
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you