Totalmarketcap
Will Total Crypto market cap fall to 1.2T? (medium term)In my previous post covering Total Market Cap, I said that is "bye-bye happiness" for crypto holders and it can fall to 1.7. At that point, we were at 2.4 and now we are under the predicted figure.
So, can it go down further? In my opinion, YES. With Bitcoin struggling to keep its head above 35k and a lot of coins in critical support zones a new wave of sell will accelerate losses once more.
As I said, Total is trading under important 1.7-1.75T old support/now resistance and there is a high probability of continuation. The next clear and visible support is around 1.2 and only Total back above 1.8 would bring some light to this situation.
Total Crypto Market Cap: 1W ReviewHello 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 failed the Ascending Channel support re-test and has been falling. If it does not get back into the channel, it has the potential to fall down significantly. RSI is in a descending wedge pattern so there may be a chance of upside, however economics and traditional markets do not look strong so this may be a short lived upside. Lastly, this is a weekly chart, so please have patience.
Included in the chart: Trend line, Ascending Channel, Support and Resistance Lines, Descending Wedge Pattern, RSI.
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
Bullish divergence ?????Can we expect a bullish divergence in February ?
For the answer we have 2 scenarios ==>>
Whales sale their property and dont support so we can see lower levels such as 30k or even 20k
If we hear good news and onchain supports so we can have targets of 39k 41k 45k . . .
I myself expect that 29-30k is the best buy opportunity for short term and long term
NFA
Crypto - Bitcoin's 'Return to Normal'Idea for BTC:
- My view on how a market with few participants functions. It is easier to do this in an immature market with fewer seasoned participants rather than a complicated index. You can predict the lifecycle of the entire move from the very first candle of it's genesis.
- Very often, a big move in a direction precedes a trend in the opposite direction.
- It seems that this entire move is a an automatic rally of the last distribution cycle completing, and we are at the end of a new, but lesser distribution cycle. When the distribution cycle ends, there is no more need for a market to sell into, and price will decline - likely below where the cycle started.
Newton's Third Law:
For every action, there is an equal and opposite reaction.
In my previous idea, I was able to gauge the movement and the potential bounce at 40k:
Similarly, I was able to use this 'Real TA' to predict AMC's rise to 70+ (and its first rise to 25+):
- When trading beyond intraday, it is useful to anticipate what large market participants and MM's who really move the markets are thinking. No matter how advanced the algos get, at the end of the day there's going to be parties that wants to buy or sell an asset. If you know what they want, then you know where the price is going, no matter how the price swings in between. You don't need quantitative strategies for alpha if you understand market psychology.
- In trading, the destination is what is important. In order to be successful in trading, you need to escape the emotions of day-to-day price movements and the biases that the media sells you. You might get lucky by being bullish in a bullish market, but once the tides shift, it will be revealed who is swimming naked with no process. YOLO gains do not guarantee future performance.
- To become a whale, you need to think like a whale.
GLHF
- DPT
Total Crypto Market Cap $ back to 1 trillion? More downside?From my point of view the further crypto market development is heavily dependent on macro factor s such as:
- Federal Reserve's decision to hike interest rates in the upcoming months to curtail the rising inflation in the country
- Stability of the US stock-market which is heavily correlated to the crypto market
- Leverage portions within the market: According to coinglass.com, long positions worth over $1 billion were liquidated in the last 24 hours
- Conflict in Eastern Europe
Chart patterns are important but macro factors should always be considered! I still have my long-term positions but also put some cash aside! Not financial advice!
Total Market cap possible scenarioTotal Crypto Market cap already lost its uptrend and pulled back to the trend line. Currently, we are in the defending channel button and it seems its hold the BTC price. If and if this static support works properly we can go up about 1,8 T USD if we do not see any revers from the market we should cash out and let's see possible scenarios depending on the market sentiment and structure.
📌DISCLAIMER: I am NOT a financial adviser. None of what I have communicated verbally or in writing here should be considered as financial advice; it is NOT. Do your own research(DYOR) before investing in any digital asset, and understand that investing in any cryptocurrency is risky. If you do, you need to be prepared to lose your entire investment. I’m only recording my personal Technical Analysis (TA) for educational purposes.
📌I’m researching on crypto-economy and sharing my understanding with others, therefore these are results of my research NOT financial advice.
📌In case you find it interesting please feel free to share with others.
Total Market Cap / Crypto The joke that is crypto - Doesn't take long to remove 1/4 of the US annual military budgets worth of money from a market now does it? This needs some serious regulation; The fact that the issuers of Tether and stable coins can continue to operate and inflate this market with nothing needs to end! We would be better of with a digital dollar that could be taxed versus this absolute nonsense being dictated by the issuers of these coins
TOTAL MARKET CAP - GarbageIn an unregulated space where digital numbers are sold to the people with USDT and unregulated stable coins - While the US overthrows nations that try to issue their own currencies or nationalize their resources - Here we have the GDPs of dozens of developing nations being absorbed within hours by so called "whales"... Only whales I am seeing are corrupt US officials who work as puppets in a space that can't regulate Tether but will send its troops in to fight and let innocent people die if a rival economy ever tried to do the same thing..
This shit is out of hand... In two months the amount that came flooding out of this market could have ended global malnutrition 6x based on the figured the World Bank and UN give... Bogus
"Get in on time and get out on time"This post marks about my 1 year anniversary on Tradingview and my first year of crypto trading. I have spent over 80% of the last year analysing charts, researching projects and learning the ins and outs of trading... It's been a wild ride! From catching the Ethereum and Bitcoin tops back in April and May and shorting till the depths of fear and capitulation to the resurgence of crypto towards the upthrust after distribution back in November 2021. It was a steep learning curve but I've made to become a profitable trader and paying my bills from these magic internet currencies - and above all; I think it's a lot of fun!
Reflecting on everything I've learned, I think I can summarize it to one rule and one rule only:
"Get in on time and get out on time."
The time to get out came for me back in early December, when I launched my first warning for a potential bear market. A scenario that seems to unfold right in front of our eyes at this very moment. If you cut through the noise and the hype, you see a clear picture:
We have been in a mega bull market since December 2018 and we were catapulted off the March 2020 spring. Monetary expansion and the shift towards the fourth industrial revolution - where data will be the new oil - have created the reappearance of crypto on the mainstage. The future for the crypto industry is bright and we are onto the next stage of mass adoption for the next decade to come. However technology changes fast. What is obvious today, might be irrelevant tomorrow. The transition towards day to day use cases and adoption of the "no-coiners" has yet to come to fruition. A narrative for the future.
The narrative of today is exhaustion. The central banks have exhausted their ability for monetary expansion and have been hit with record inflation, the corporations have exhausted any more reason for higher valuations - many CEO's have jumped ship at all time highs - retail exhausted their bank accounts, the dips have been bought and thus institutions have exhausted their exit liquidity. Market makers were not shy in their mark up phase and they won't be shy in their mark down phase. They have come prepared, striking everyone at surprise - again. Currently, there is nothing left for them than the play the dirty game and chop around to hunt for liquidity before they continue the trend.
With the surprise pump of over 100% on European yields, the quarterly interest hikes and the tapering of the federal reserve as well as the peak formations on most stocks, indexes and cryptocurrencies, uncertainty and disbelief are here. Where the world's richest CEO has already jumped ship together with many of his fellow competitors, we are waiting for who is next - the market is not waiting for; if the trigger gets pulled, but when - who will pull the trigger? Who is the first to get a margin call? What will Michael Saylor do when Bitcoin creeps towards his average buy in price? How will investors react when yearly reports fall behind expectations? And how do governments and central banks manage their balances in a economy floating on depth and inflation?
As always in trading, we don't know anything for sure but what we do know is that the market is hot - and historically speaking - it is not a bad time for a cool off period. So, ask yourself: "is it a good time to get in or to get out?" You will know the answer...
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
TOTAL MARKET CAP and some disturbing figuresPersonally I find it disgusting that there is a central entity out there with enough control over this space to pull the rug which equates to the GDP of dozens of countries within a half an hour/ with no regulation to back any of it up... Being sold Tether by some entity which has nothing to back it up while the US government does nothing to regulate it... It seems to me that the US government which actively go's around overthrowing other nations that try to issue their own currencies or nationalize their economies, is fine with some random source issuing so called stable coins... Or maybe its the corrupt US government that is behind it all... At this point there is no way a few key figures called "whales" can control the prices to the degree of pulling out 20+ nations worth of annual nominal gdp in about a half an hour.. There is no whale out there with that much money! Period
This is beyond criminal.. Having 40% of an entire markets value sucked dry within 2 months is just insane and to think that people out there will continue to do it while no regulation comes in shows how messed up this world really is... 12 million starve to death every single year and this criminal market go's unchecked..