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
Totalmarketcap
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..
RR > 27 , Risk < 0.5%Decreasing doown trend velocity and strength is obvious, BTC seems going to return to pivot (ATH, 69k)...
There are some levels with different amount of remaining orders above, the first one is 50K
for a intresting short term trigger, i hope i can enter on 43.9k just with 220$ stop loss...
let see what's going to happen...
Total Crypto MC Falling Wedge!Total Crypto Market Cap, seeing some recovery here. Same setup as BTC.
We are looking for a double bottom in this falling wedge. It is a very common thing to see and another confirmation that we are likely to breakout.
If we show signs of rejection on the upper trendlines I will look to exit some short term positions. I suggest you to do the same.
TOTAL2 4HOUR UPDATEWelcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
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 that TOAL 2 is trending around this blue 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?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
Big tings a gwan for DXY, A/U, A/C, XAU, BTC, ETH, TotalMC!To summarise
DXY failed to make higher highs and then had one last attempt and rejected off key levels on the monthly time frames, creating a failed higher high. It looks like it is wanting to continue its long term channel structure.
But we have to be vigilant to the downside as it could still make a higher low and push higher and break out.
We will watch for the 92 level.
A/U
Made a higher low on the macro time frames, this could be the start of a new long term up trend and this previous downtrend we were in, being a correction to the new uptrend.
We need to break 0.78250 for confirmation of new macro up trend and can trade up to this in the mean time.
Monthly looks bullish
A/C
Potential new higher low on the macro time frame! We have been making higher lows.
I am looking for a retest of the 61.80 on the lower time frames, thats creates a higher low to take longs. Up side targets are plentyful.
Something like this on the shorter frames.
Uptrend confirmed once we break these levels
XAU
Potentially in a bullflag that should break to make ATHs. This correlates with the DXY being bearish.
BTC
Technically we are still in a uptrend and have made higher lows. We have reacted off the 61.80 but need to break the 61.80 on the upside and make new highs to continue the bull market. Will be observing the 60k region. If we fail to make higher highs I am out of the crypto market.
ETH
Same again but with stronger buying pressure. We are still within an uptrend until we fail to make higher highs.
Total Market Cap
same as above but with less sales pressure.
Fundamentally, the increase of price in these assets makes sense with the current inflation narrative.
This is purely opinion and not financial advice. Most of this analysis is done on candles that have not closed yet, until we have confirmation nothing is certain!
Total market cap continue to fallAs I expected in the last chat of BTC that I shared, the price fell below 50k. Now, I think total market cap would be more useful to look. I reckon that money will continue to go out of the market and at the first stage the red line shown in the RSI would be touched.
Press like 👍and follow if you enjoy ❤️
Cypto TOTAL market capWith all eyes on the crypto market there is a large amount of volatility in the market, therefore it is difficult to predict what will happen.
In my eyes we just hit a strong key level, which will maintain its ''power'', however with the 0.5 on the fibonacci and the 200ma acting like resistance it is likely that we will have a bounce back to the ''strong'' key level. When the time will come we will probably have a big sell-off and have a bear-trap which will result in a lot of fear in the market, however the whales will be able to make sure that we stay in bull-run.
I hope this helps and that we stay in the bull-run.
if you have any tips or tricks please let me know, I am a beginning trader and there is still a lot to learn ;)