All Crypto Market Cap UpdatesHello friends, today you can review the technical analysis on the 1W linear scale chart for the Total Crypto Market Cap ( TOTAL ), the Total Crypto Market Cap excluding Bitcoin (TOTAL2), and the Total Crypto Market Cap excluding Bitcoin and Ethereum ( TOTAL3 ).
#CryptoPickk noted in the chart:
1) Reviewing the Crypto Market Caps for the TOTAL, TOTAL2 and TOTAL3 are a must as they all work in tandem. This will give you an indication where the Crypto Market (Bitcoin, Ethereum and Altcoins) are headed.
2) The chart shows each of the market caps have formed a multi-month Cup and Handle Pattern as well as bouncing off of a multi-month trendline.
3) The target for each of the Cup and Handle Patterns are noted.
4) Keep an eye on the Volume as it is picking up.
5) There is positivity coming up, but expect as much volatility.
What are your opinions on this?
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
Totalmarketcap
Total Crypto MC Overhead ResistanceTotal Crypto Market Cap had a nice bounce at KEY support and is currently moving higher, we are at strong overhead resistance currently, we need a break and retest above 2.65T for the market to continue it's bullish momentum.
BTC is reliant on this breaking resistance for a larger move up. If we reject here and retest key support BTC could see some further downside (test 49-52k levels)
BTC/USD (Daily Fib 0.5 Good Support?)💎Technical Analysis Summary💎
BTC/USD
-Despite the recent -10% move of BTC last Friday
-Today, the bulls have managed to regain back above 58k dollars
-This is good news because the key area is being respected
-We have the previous resistance last September 7, Fib 0.5 and 100D Moving Average
-These multiple key factors drive the price back up the previous trading range
-Also, the descending channel is still following the price action
-If we can see a strong bullish breakout plus a good retest
-Bitcoin short term correction might be over and a potential upside move is likely
-I only took 1 trade recently but got stopped out which is part of the game
-Due to bad market conditions, I'm not going heavy on any swing trade yet
-But once the market shows a clear path, I'll start scaling in more position
-I hope most is are following proper risk management recently
-Good luck and stay safe everyone!
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Bullish Altcoin marketI think we will see a continuation of the bull market for Alts as long as it keeps support. It would still be bullish to see come back down again to 0.5 fib level and the 2nd lower trendline. If it doesn't correct again we should see market go to the 1.618 fib level.
Any comments or advice on my TA is greatly appreciated :)
*not financial advice*
Total Market Cap (Y21.P7.E1).Positive signsHi All,
Crypto T.Market cap shows that we are at a main resistance, with both the volume profile and RSI in agreement.
We have positive signs which look like a big continuation or consolidation structure so it will take time for the market to regain bullish momentum.
IF we break this level, we have the main resistance, yellow. After that, we are back in business.
With regards to BTC,
its my opinion that was the bottom, I could be wrong but this move was strong and in 24 hrs, if we can close above 57k, we have a chance.
Confirmation, we need to break above and hold above the 20 and 55 ema as per the chart below.
All the best,
S.SAri
Is this it..? #AltsSeason Looking at the Total Market Cap from the Fib perspective drawn from 2017 ATH to the cycle's ATL, and its historical performance it is clear that the 4.236 Level has been reached. What does this translate to?
1) Bitcoin will attempt to breach its 4.236 north of $72k as shared in the link below taking the Total MArket Cap north of 4.236 Fib Level.
2) Alts shall rally along, but the Alts Season will be triggered as Bitcoin falls from its new ATH. This is to be determined/tweaked on the Total Market Cap 2 & 3 (without BTC & w/out ETH)
3) my exit strategy for new Alts (that didn't exist in previous market cycles, for example ANKR) will be at 2.618 level drawn from 2021 ATH to 2021 ATL considering AVAX as an indicator.
4) my exit strategy for Dinosaur Alts (that existed in previous market cycles) will be at 3.618 to be on the safe side. Of course there'l always early boomers (historically it was BCH in Q4 2017 for example) and late boomers (historically it was XRP in Q1 2018 followed by EOS in Q2 2018 for example)
Whether this will play out accordingly or not, that remains to be seen. But high volatility would be the key in the coming days/weeks.
BTC USDYou can see it on the chart. There is a confirmed down trend.
BTC went below the low the made the all time high
BTC formed a lower low then a higher low and then repeated
This is the definition of a trend. This trend is heading down
Now, am I bullish on BTC and Crypto absolutely.
Did I take action to adjust risk weeks ago absolutely.
Do I think this is the end, absolutely not.
Did I make moves to protect my gains, absolutely.
I don't like giving back what I have earned. There is nothing that says
this market has to go down any further, however, if you lose that red
box, you may want to switch your thinking. Derisking has already
paid off very well. Anywhere I re-enter the market it will be at a
large dicount.
Learn how to read the markets and also how to understand human
psychology from a group that has consistently been on it, trading bull
or bear with the best of them. Come join us @ Subverto Trading Club
Free link is in my profile.
This is not trading advice. I just draw the lines and color.
fibo gnocchi
Total Crypto Market: Bear Market May Have BegunIt's a fact that the minimal viable trend on TOTAL has broken on November 18th, as shown with the yellow bubble and the blue line. This similar line has not broken yet on Bitcoin, but it did on Ethereum and a bunch of other altcoins. I'm not trying to scare anyone but to stay grounded and cognizant that there are serious cracks in the rally that begun in July. Based on my analysis, TOTAL made a huge triangle of primary wave 4 that ended in July and TOTAL may have finished a primary wave 5 in November in the shape of an ending diagonal, as shown in purple. We are already in an impulsive wave downward, with a failed retest above the blue line and now going possibly lower. If we go any lower than the orange support, I would confirm my hypothesis that we are indeed in a bear market.
TOTAL ( Total Cryptocurrencies Market Capitalization) Analysis Fundamental Analysis:
As we know recently India has issued a Ban on the All Private Crypto currencies, mean while few other related nations such as Nepal and Bangladesh are also working on some Ban Draft and that seems could show some Negative impact on the Total Market cap,
but these Bans are very Ordinary and Insignificant since system has tried its best to Ban and Restrict the use of cryptocurrencies on Blockchain for Monitory systems and uses of its byproduct such as BTC or Alts,
we shall see some well Projects to pop up on DEFI which will bring huge Capital to the Crypto ecosystems and Pomp the Total Market Cap in coming years.
there are many inefficiencies on the centralized markets and distrust among the Hedge Funds and Institutional Investors over the current economics' situation, specially post Covid-19 Pandemic where many retail investors are considering the dementalized open market as a well venue to invest and get some Inflation free interests, that can be one of the best reasons to get good attention to the crypto world and again the pomp in the market cap eventually...
Technical Analysis:
We can see the Price is rallying in a Ascending parallels Chanel to which it had already shown some Respects,
There are Total of 4 Targets we have defined with Fibonacci projection of the last bullish cycles i.e. waves.
all targets are achievable eventually by passing the time but we can expect some Correction after each ACHIEVEMENT.
There exist a Support area which has the confluences with Fibonacci Retracement level of 61.8 of the current ATH,
TOTAL Cryptocurrency Market Cap (With BTC) Outlook 17/02/2021as we can see currently we have 1.515 Trillion Dollars invested in the entire ecosystem of the Cryptocurrencies which is quite a bit huge amount of FIAT and yet we may have more Fiat to get invested in to this world as FOMO of retailers may pressurize it in higher but the question is how far?
now days we can see many regulatory and governments bodies are working on their Crypto currency as the system became aware of that they can not resist this movement so they want to get themselves involved in this new area and they are introducing their own coins or tokens.
from the other side we can see that the Online payment system and companies are also incorporating the crypto currencies in to their payment moods such as PayPal, Google Pay, Samsung Pay and so on...
so all of these factors can show that we might be having more Buy pressure and this Bullish trend Shall continue its rallies,
we have specified some zones based on Fibonacci expansion and we could see that soon we may face 2 Trillion dollars level and post that we may have some distribution as some corporate and big investors may want to capitalize and convert their Cryptos to Fiat in order to pay their investors or bills, so we can still be optimistic about this bull run,
keep in mind that this chart includes BTC and Bitcoin itself holds 61% of this market cap dominance and the related chart of that and Ethereum dominance is linked for your reference
we will link the TOTAL chart without BTC also soon to the same analysis.
please comment your opinion about this analysis and description
TOTAL (Crypto Total Market Cap) Crypto Index Analysis 09/04/2021earlier we have analyzed the market cap and hedged our portfolios with its Alpha Ratio Calculate based on this analysis:
as we can see it has followed the prediction up move, up to 2 Trillion Dollars.
fundamentals:
The total market value of cryptocurrencies pushed past $2 trillion for the first time, doubling in about two months amid surging institutional demand.
Bitcoin, the largest of the more than 6,600 coins tracked by CoinGecko, is worth more than $1 trillion alone after its price more than doubled in 2021 to $58,858. The five next biggest coins -- Ether, Binance Coin, Polkadot, Tether and Cardano -- have a combined value of about $422 billion.
Bitcoin has been on a tear as institutional investors dabble in crypto as a way to boost returns on cash in a world of near-zero interest rates. Tesla Inc. poured $1 billion of its reserves into Bitcoin and began accepting it as payment for cars. Morgan Stanley is allowing some of its wealthiest clients to add the token to their portfolios, while firms from Mastercard Inc. to PayPal Inc. have taken steps to embrace Bitcoin.
Bitcoin advanced Monday after Grayscale Bitcoin Trust -- the world’s largest institutional holder of the cryptocurrency, with $34 billion under management -- said it plans to convert the trust to an exchange-traded fund.
Last week, Coinbase Global Inc., the largest U.S. cryptocurrency exchange, said it’s planning for its shares to start trading later this month on the Nasdaq following a direct listing.
The global crypto market cap is $1.98T, a 1.34% increase over the last day.Read less
The total crypto market volume over the last 24 hours is $125.55B, which makes a 20.79% decrease. The total volume in DeFi is currently $11.31B, 9.01% of the total crypto market 24-hour volume. The volume of all stable coins is now $95.87B, which is 76.36% of the total crypto market 24-hour volume.
Bitcoin's price is currently $58,385.32.
Bitcoin’s dominance is currently 54.96%, a decrease of 0.22% over the day.
Technical Analysis:
as we can see there exist a Hidden Bullish Divergence or Price Action with MACD indicators and Histograms, which is the sign of bullish trend Continuation.
there are total of 2 Targets of 2.5T USD and 3.15T USD consequently defined by Fibonacci Projection of the initial impulsive wave post the accumulation phase.
we may have a very smoot target achievements as Fundamental Analysis and sentimental of the markets consent with Technical Analysis.
BTC/USD (Sign of Strength?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin may have found support near Fib 0.5 level
-We can see the price reacted to this region and a bounce is happening
-If we plot a descending channel, the price could test the resistance at 60k dollars
-And if a bullish breakout of this channel, we could expect much higher price targets
-If we see a good move above, I'm expecting a recovery for the Altcoin too
-I am now preparing my watchlist for new swing trades in the coming days
-Still, I will not go heavy because BTC still not out of the blue
-Good luck and happy thanksgiving!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
``````````````````````````````````````````````