TOTAL 1D UPDATE Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart.
As we can see in the chart TOAL is trending around this channel and from the same downer support line now we are expecting a bounce from the support level
let's see how the daily candle closes.
What's your thought on this?
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Thank you
Totalmarketcap
#Total Mcap, Not everyone is watching this!!I'll keep it short unless we see a break and close in daily above this red resistance which happens to be around $1.87 trillion. I don't think we will start rallying.
Also if you look into the grey box, the index got rejected multiple times from the blue line.
It needs to get above it.
If you are too excited with that $3000 candle on BTC, Don't!
Be smart and think twice before FOMO buying anything.
It's better to buy higher with confirmation rather than buying exactly at the resistance!
What's your thought on this?
Do hit the like button and share your views in the comment section!
#PEACE
Total Crypto Market Cap 1W Chart UpdateHello 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 is making an attempt to get back into the Ascending Channel. If it does not get back into the channel, it has the potential to fall down significantly. RSI is approaching the S/R Line and will need to go back above it to continue the move up. Lastly, this is a weekly chart, so please have patience.
Included in the chart: Trend line, Ascending Channel, Support and Resistance Lines, 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
Stablecoin SSS Index vs. Bitcoin The Stablecoin SSS index suggests a "buying time" for Bitcoin. This indicator is a new model and is not financial advice.
In the last few years, according to the data, when the SSS indicator (Blue line in the chart) approaches or hits the lower green line, it was a great time to buy Bitcoin.
SHORT TERM RALLY IN SIGHT 👀On this 9 daily chart we can see potential support for a rally here. Remember we are still bearish long term so don't sleep on your long positions.
Bears may want to exit to conserve profits and short at a higher price.
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Dangerous TOTAL2 PRZ?! Crypto market dump ahead? In order to have a bull market, it's essential to absorb more money; and I mean BIG MONEY! The main reason that crypto market made huge profits in 2021 was that more people understood what cryptocurrency actually is. This led to normal people (such as me and other new to crypto fellas) investing on this market hoping to get good profit and we got it! But how long would this bull run last? The answer lays beneath the TOTAL and TOTAL2 charts. These charts reveal how much money the entire market has absorbed.
As I mentioned at first, the more money the market gains, the more it grows. But when the money slowly leaves, the Market Cycle Phase changes. You may ask what it means, so here's a simple explanation from Investopedia:
1. Accumulation phase: This phase occurs when the market has bottomed and the main investors such as big corporations, money managers and smart investors start buying. In this phase valuations are attractive, yet huge percentage of investors still consider the market bearish and the sentiment analysis say so.
2. Mark-Up Phase: During this phase, technicians see the movement in the market and other investors get on the bullish train and prices start to go higher and higher. This is investors favorite phase! No matter what you buy and when you buy it, you make great profits.
3. Distribution Phase: In this Phase, sellers start to dominate the market, the bullish sentiment changes to mixed sentiment and prices often move in trading range. As soon as this phase comes to the end, the prices start to reverse and classic patterns such as double top or triple top appear on charts.
4. Mark-Down Phase: Without any doubt, this phase is the scariest of all 4 and the nightmare of investors. During this phase, prices go lower and lower, the news would be all bearish. If we carefully observe the third phase and exit the market, our money can be safe but if not the nightmare would become real without any doubt.
If you take a closer look you'll realize that the TOTAL2 was unable to go higher than the all time high. You don't even need to be a technician to notice that. I used the 4H time frame on purpose. It is possible to see bullish movements in short-term yet it all could just be a pull back in long-term. The market cycle I mentioned earlier is fractal which means there could be bullish mark-up cycle in 1H or 4H time frame but not in long term.
In conclusion, this post wasn't here to scare you, but to inform you what could be awaiting us. The money I mentioned could leave one coin and be invested on another one, eg; from BTC to MANA or vise versa. This means it's still a very attractive market but you have to be more careful. Looking forward to hearing what you think!
TOTAL inside broadening wedge#TOTAL
TOTAL MARKETCAP is inside broadening wedge that touched the lower line and now can head up to 1.82 trillion level, this level can increase BTC price to $40k.
breaking out from 1.9 trillion level will certainly reach #BTC to $42k.
but if reject from resistance zone it will drop to support zone around 1.4 trillion that makes BTC price around $29k or less.
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.