Total marketcap idea 29 June 2022Total market cap got rejected at the upward trending resistance, looks like we will see the $600B price range soon
$600B is my accumulation zone, we could even dip as low as $400B but would not stay there long, this bear market will end soon so make preparations now to take advantage of the situation
Totalmarketcap
BTC Struggles Around $21KBitcoin’s price is currently consolidating above the $20K level. The $17K-$20K range is likely to provide significant support, as it is the 2017 all-time high range, and it could initiate a rally in the short-term towards the $30K area.The price would have to break the $24K resistance level and the 50-day moving average before a potential retest of the $30K supply zone. On the other hand, if BTC fails to gain sufficient bullish momentum and the $20K area gets broken to the downside, another rapid drop towards the $15K mark and even beyond could be expected.
#ALT MCAP $500 billion at critical level.
ALT MCAP is moving towards the 100 MA support around $500 billion mcap.
This is an important level to hold.
A green close above this level could trigger a bullish rally across the market, until it happens we are short-term BEARISH.
Be careful.
Let me know what you think in the comment section. Do hit the like button if you like me to post these small updates.
Thank you
PEACE
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
📊overview of crypto market(June 23,2022)📊Hey ,What's up Guys and Girls !? ✌️
- in this overview I analyzed both 'Bitcoin' and 'Ethereuem' situation and the possible scenarios and also as good as for crypto total market cap , and Tether Dominance !
Bitcoin Possible Scenarios:
1:
2:https://www.tradingview.com/x/hO53n4M3/
&
3:https://www.tradingview.com/x/f43I3YO3/
Ethereuem Possible Scenarios:
1:
and :
2:https://www.tradingview.com/x/J0D137Rv/
Total Possible Scenarios:
Tether-dominance analysis:
✌️ 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 a fan of my analyses please follow me , give a big thumbs 👍 OR drop a comment 🗯
Bitcoin Weekly Analysis 📊 #BTCUSD (BTC)
💹 Time Frame : 1W (Log)
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🟡 ENGLISH : According to previous analysis, as we said, we needed to wait for the positive reaction to the BULLISH BREAKER BLOCK zone (in the range of $ 14850 to $ 19500) . The price reacted positively to this high-potential range of demand. Note that this upward movement will still need to consolidate and will not be a 100% sign of an uptrend (Bullish Trend) , Because macroeconomic factors show the opposite. With an optimistic view and if the price consolidates above this price range, we can expect growth to eventually reach $ 29,000 and then continue to fall ...!
⚠ This Analysis will be updated!!
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👤 Trader_Needs
📅 06.222.2022
⚠️ (DYOR)
Total crypto market 1M timeframes - BTC - BTCUSD comparedHi!
Apparently, technical analysis does not work, but on its basis we can base many future movements, entries or exits. A self-fulfilling prophecy which is technical analysis over the past few years has estimated a pretty good time to jump in and jump out the train.
1. Today I'll will show you what we can infer from the charts - price action, rsi, stoch & some herd noise.
Shortly about indicators - As we all know, these are lagging indicators, but it's pretty good to use them to take wider picture on the market structure.
Here is some thoughts about currently market structure played at historical data with few more tools;
Currently on the monthly chart frame using Fibonacci retracement price get to the 0.786 point -> same as bitcoin chart. - This level is quite important as price action meet the 200 moving average – last several times it was great opportunity to take some expositions at this point assuming long term moves (from the begging of bitcoin history including 1m time frame candles – bitcoin didn’t fell & close below 200 moving average.).
Otherwise in this place total crypto market cap reached “last bubble highs” around 771.5Billion $ of total value.
Bitcoin with this total crypto market value (late 2017) was around 19.875 $ price per piece – same as now was (few hours earlier).
Based on historical facts on last two cycles - last relative strength index topped ( 3x red circles RSI window/ confirming divergence) - around 01 march 2022 - from this point, we will have approximately 730 days until price rise up significantly which can be around march 2024 – 1 month until next bitcoin halving.
2. From example some thoughts I always keep in mind that in crypto it is all base on multiplying your exposition:
-> Since buy at 60k, your path until 100k give you 66,667% gain,
-> Since you buy at 20k, gain will be 500%,
-> Since you but at 10k your profit will reach 1000% - it’s 10x compared to 1,667% when you buy at 60k.
It is very likely that we will see price range 14/ 16k $ for one bitcoin, without excluding deeper dive in short/mid term.
-> From 60k to 20k is 67,67% down/
-> From 60k to 10k is 83,33% down/
-> From 20k to 10k is still -50% down/
Don't catch the falling knives should be appropriate definition if you don't calculate your risk -> nice way to avoid risky entries is DCA - which mean dollar cost average - in other words entry price averaging.
3. Some thoughts about sentiment.
> Positive features:
- BTC as know was never hacked,
- It gives P2P transactions,
- diversifies portfolio - best known digital value,
- long term dolar oversupply (btc priced in dollar) – as we know all of FIAT currency is going to zero over the time – knowing it, we can assume that Bitcoin going to infinity compared to USD - (look BTC starting price ~0.10$),
- on-chain whale accumulation,
- price correction ~75% down – (estimated 75-85% for my attractive range),
- negative social media sentiment, “crypto is a scam” & others,
- fundamental – bitcoin was created by people for people, and its value its created by unforced faith.
>Negative features:
- unfavorable regulations for cryptocurrency (especialy PoW consensus) – including green energy,
- bitcoin sell pression from institutions – cutting the corners - to take over the market* and attempt to liquidate centralized collateraled holdings like Celsius – adding maximal fear,
- uncertain situation on the financial markets, bitcoin will be probably one of the assets to cover other losses,
- as allways, black swans.
4. I'm not saying that bitcoin won't hit new lows and break a long-standing trend, but I think it's unlikely. Im still think that bitcoin is very risky asset with high volatile, but its great opportunity to diversify your portfolio into digital and very liquid assets - inversely correlated to FIAT currencies. This market stays here for longer and it looks like it is repetitive itself.
Crypto Market Bottom based on total market capMarkets tend to hunt liquidity and so there are often gaps that need to be filled before the market moves on.
In summer 2021 the market went back to fill the gap shown as "A". We printed many daily candles in there, exhausting selling pressure. We found a bottom and moved on.
On the way down area A is considered "exhausted" therefore the market has no interest to debate again over the same area. Bulls won, they took us to 3T, they failed to go higher and so their reign was over.
This is why our stay in area A on the way down was short-lived.
It's summer 2022 and the market has finally reached contested area "B".
Bulls and Bears will once again fight for this area.
The winner will show us the way! (If sellers are exhausted in this area, we have our the market cycle bottom)
TOTAL MARKET CAP long-term update:must read!! Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do 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 in this chart, Do not consider it as financial advice.
TOTAL MARKET CAP
Total market cap formed this big rising wedge pattern but it is yet breakout currently is lying on the lower support of this big wedge pattern as long as the lower support, we can expect a bounce from there. RSI is in the oversold range and we have 200ma as local support.
If it breaks the lower support or 200ma support then the chart will be invalided.
If you look closely at the first cycle and compare it to subsequent cycles, you will find that the beginning of 2021 was great for TOTAL MARKET CAP because it grew by almost 500% in 2 swings.
If you look at the second cycle, the price has risen at first, but later you realize that this is a trading range. In the trading range, there is a difference between the buyer and the seller.
After the failure of the trading range, the price enters a downward trend for a while and falls about 70%. You may think that this is too much and it is no longer possible for the price to return. In fact, this is not the case. It is necessary for the price and health of the market, although this decline did not happen easily, but it can be recovered from here.
Stay tuned
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
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 total market cap - where could we find support?I've used a log chart to get a better perspective of the total crypto market cap chart. According to my analysis, the 670-730bn Market cap value should act as a solid support zone. If looking to buy back into the crypto space, a reversal from this area could provide some confirmation that some sort of bottom could be in place.
This level as shown by the red box is where we find intersection of some important technical points
(1) Uptrend from 2015 lows
(2) Level under the 200week moving average which has acted as a bottom on two separate occasions
(3) The 2018 High which could now act as support should it be tested
Will be watching this important area with much interest to see if the crypto market can bounce off what is the longer term uptrend.
Happy trading!
#TOTAL Crypto space facing significant resistance hereIf you draw the anchored vwap from the important last significant swing low and high from 2021, the bands pretty much line up at the 200day moving average which has been a significant point of polarity for the total market cap chart. With price action seemingly stuck here for the last 3 days, the crypto market is at risk at halting recent upside from this level. Alternatively, if the market can break above this level then that opens up a new shift, but my gut says given the level of resistance we face, it is going to be very difficult in the short term to break this level without a correction first. Let's see where we go..
Bitcoin $20,000? Almost there. Only Mar 2020 matches this biasTraders,
First off, congrats to all those who have shorted this market! You've done well. This is a market only for the most experienced amongst us to trade! And even then, it is extremely difficult. I am admittedly not good in a bear market which is partly why I have put everything on pause at the moment. I am mostly in cash with the exception of my long-term holdings which are at least earning me some good APY.
Today we are going to zoom out a bit and look mainly at the charts from the weekly perspective. They may be telling us more about what's to come.
-Stew