📉 Crypto Total Market Cap ($TOTAL) Analysis 🌐📊 Current Market Status:
Total market capitalization once again trading at resistance.
Retesting the previous support line at $1.6T.
🔄 Potential Scenarios:
If rejected at current resistance, possible downside to $1.52T, and further to $1.4T - $1.45T.
Breakthrough at $1.6T may lead to the next resistance at $1.8T - $1.9T.
📣 Conclusion:
Current status involves testing key resistance and previous support levels.
Scenarios include rejection with potential downside or breakthrough to higher resistance.
Stay tuned for evolving market trends! 📰💹 #CryptoMarket #TotalMarketCap #MarketWatch 🌐📊
Totalmarketcap
$CRYPTOCAP:TOTAL | Unchained !Hi fam,
Hope you having a good time in crypto space.
As i promised and shared screen shot of CRYPTOCAP:TOTAL charts in the channel now I'm going to leave a chart here for easier access.
first we detected a range in our chart then followed trend action. after breaking out with high volume and making a successful S/R test it become more obvious to us that green candles are on the way.
(i will share some screen shots of the progress.)
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In this chart i pointed to critical levels that may affect uptrend and make a pause in it. As a conservative trader, at these levels i will take profit and reduce my open positions to secure profits and get ready for fresh waves.
** 1.65T $ - Previously support level that lost in May 2022 - This level hasn't been tested as a resistance since that time but must be watched closely for any reversal candles in D1 or W1 time frame.
** 1.8T $ ~ 1.85T $ is a known resistance level and this level is my main target before market correction. i will absolutely minimize my open trades.
** There will be shakeouts in all charts. try not to miss the main picture.
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As always, These are my ideas and can be wrong. Please DYOR.
Stay Safe,
Stay Rich,
Head and Shoulders Sending BTC to 35KPost-ETF hype, I can see a head and shoulders pattern forming on BTC. Targeting support levels in the mid-30K range. This will also get us a clean retest of the weekly LSMA (see my other idea on the weekly time frame).
Long term I am extremely bullish on BTC and can see us reaching new ATH before the end of 2024. Will be buying if we correct into 30K range.
The End of Crypto for a Long TimeI'm being dramatic lol, but I just started going down the rabbit hole of what if the cycles don't just repeat like everyone says. I have been in crypto since 2013 and don't really think it's over, but I'm just playing devils advocate. I do think we hit a major resistnace and have at least a local top on our hands. If the cycle was ever to stop we have a major confluence of 3 resistances, even breaking of the 2013 uptrend line is not a good sight. Do I really think the cycle is over? No, but I did take enough profit in case hah, It's just really been bugging me how many people say just buy and hold and you're fine, I have never seen that many people confortable with crypto in previous cycles which is freaky to me, but this is where my contrarian side can get me in trouble. I'm just going to continue to play the charts, but if crypto were to completely hault for a long time, this would be the confluence to do it.
Bitcoin Bull Flag forming, BTC to 40k?Bitcoin is possibly forming a continuation Bull Flag pattern. Target ~40200
Price is respecting nicely 12H 9EMA as we can see from the chart (same with Total marketcap).
If we break the 9EMA support I think we will go test the Daily 9EMA and Flags bottom level where probably some buyers would show up. (Picture below)
This price action is quite fascinating and the trend seems strong (haven't broken down yet).
Much people are hoping for a Break and Retest on the 32k breakout level, so they can buy their positions. Could be that we won't even get there.
Not financial advice.
My analysis on Crypto Total Marketcap , the most important level I'm following on crypto
-PalenTrade
📈BTC.D analysis, ready to pullback📉CRYPTOCAP:BTC.D
Hello Traders, please check out my previous ideas.
As indicated in the chart, Bitcoin Dominance can return to the yellow range, near the pitchfork midline.
BTC.D can reach Bollinger-midline then starts its downward trend.
✌💥If you are satisfied with my analytical content, please share my ideas💥✌
✍🐱👤Otherwise, make sure you leave comments and let me know what you think.🐱👤✍
🤑🍾Thank you for your support. I hope you will gain profit by following my analyses.🍾🤑
CrazyS✌
📉📈 Cryptocurrency Market Overview (TOTAL)🌐💱📆 Recent Trends:
In the past month, the total cryptocurrency market capitalization ( CRYPTOCAP:TOTAL ) has been consolidating between $1.52 trillion and $1.70 trillion.
🤔 Anticipation and Caution:
Market reflects caution and anticipation ahead of potential ETF news.
Despite being oversold, the market is expected to stay within this range until the ETF decision.
🚀 Potential Outcomes:
ETF Approval: Total market cap could surge beyond $1.70 trillion.
ETF Rejection: Downward move likely, with support levels around $1.40 trillion to $1.45 trillion.
Stay tuned for the ETF decision impact! 📰💹
#CryptoMarketUpdate #ETFDecision #MarketAnalysis 🌐📊
TOTAL IS BULLISH (Important)🔷 Before anything else, you should know that the TOTLA symbol represents the total value of the market, including Bitcoin and other altcoins.
The total is forming a large diametric on the daily time frame. It seems now that we are in wave E of this diametric and we can go up to the red zone, but a pullback is needed to the green zone.
$TOTAL - Bitcoin Halving Sparks $10 Trillion Crypto TsunamiThe cryptocurrency market is poised to grow from $1.5 trillion to $10-12 trillion in the next two years.
Key factors
Bitcoin halving in 2024,
Increasing institutional adoption,
Rise of decentralized finance (DeFi),
Integration of blockchain technology across industries,
Global economic uncertainty driving demand for alternative assets,
Ongoing technological advancements making cryptocurrencies more accessible.
These factors collectively contribute to the positive outlook for the cryptocurrency market.
CRYPTOCAP:TOTAL
CRYPTOCAP:TOTAL2
BINANCE:BTCUSDT
BINANCE:ETHUSDT
! Not an advice - DYOR !
Total RSI Pringing H&S - Lower 15%-30% I think*Ignore the cluttered chart lol, look at the RSI study.
In Sept 2023 RSI showed an IHS and now it's painting a H&S, I think the FOMO is pretty unreal. Most are worried about missing the ETF launch, I think it's ripe for a rug. I do think the EVENT is priced in, a lot say that the demand isn't which I agree but I think the launch will be a seperate event. I don't speculate just play the charts and I think it's looking bearish.
Total also broke a rising bearish wedge.
When Will Crypto/Equities top this Bull cycleMost of the asset we trade are traded against Dollar. So, to figure out when markets are going to peak out, we must look at DXY, which measures the strength of the dollar.
In this post we will analyze the last bull/bear cycle and use that to predict what may happen in the current cycle.
The Last Bull Cycle for equities/Crypto started when DXY topped out last time, which happened during Covid dump.
The Last Bull Cycle ended and Bear Started when DXY Bottomed and Trend shifted to bull on Weekly marked by Weekly Break of Structure in November 2021.
To figure out when Crypto/Equities will peak this cycle we will have figure out when will DXY bottom this cycle.
I gave a full Wave Elliott wave count for DXY back in September last year predicting extended downtrend for DXY so far it has played out perfectly. Based on how PA has developed for DXY it looks like we are in corrective wave 4 of 5 waves down and final wave down is yet to come.
The full wave count is posted here:
I am confident that this is the fourth wave because the current bounce is not likely to be able to break structure on weekly as it did not happen from a significant source of Support or supply. To mark the bottom of DXY we need a weekly Break of structure I have highlighted that in the chart, we need a significant weekly close above 104.5 to mark change of trend which is unlikely to happen.
Now let's use Wyckoff to further strengthen the argument that a final 5th wave down is yet to come we will use Wyckoff mode for that.
Do you see the perfect match with model 1 Wyckoff Accumulation:
Wyckoff Works like a charm on HTF, check out my Cardano prediction post in the description below where I predicted the bottom is 21 cents for Cardano using Wyckoff models.
Now there are two weekly supply zones right below where DXY bounced from early last year which have the capacity to act as Springs for the next move up, the lower zone coincides with the lower trending of the parallel channel so highly likely that it marks the bottom for DXY, If not then DXY loses it multiyear uptrend and we are looking at a bull run of unimaginable proportion , but it very unlikely.
Now even though these zones can mark the bottom for DXY, it doesn't mean Equities and Crypto will top immediately, notice in the last cycle, DXY spent quite some time at the lows before it broke weekly structure and that's what caused entire market to peak, and we started the bear run.
So, it's possible it can happen in the similar fashion this time as well, or it can be an explosive move up, which is a real possibility because Wyckoff springs are very explosive, and if it causes weekly Break of structure that will be the top of the markets.
With the current bounce being the wave 4 of the 5 wave down for DXY a correction is possible across the markets, notice in the chart I have highlighted in circle where we are in current cycle compared to last one, we are getting a bounce DXY right now just like we did last time in the middle of the bull run. This will cause turbulence in the markets and initiate a short-term correction, which aligns well with crypto as we all are expecting pre-halving dump like we have experienced in all previous cycles.
Now we know at what level we are likely to bounce let's try to predict the timeline as to when we will see the bottom form on DXY.
I have used Trend based fib time to predict the next pivot in DXY, it pulled from start of last bull run, we can see how perfectly all the pivots fall on the time fibs, so there no reason to think it won't do that next time as well. The next Pivot falls in May 2024. One can argue that DXY can to the upside and follow the red arrow in the chart below, but it's unlikely because of the reason discussed above.
Now once it hits the pivot to the downside, we must monitor what it does. As mentioned above to mark the peak of bull cycle we need a weekly break of structure on DXY, whenever that happed after the pivot you know you need sell all and get out of the market without hesitation or short the market and make generational wealth over the course of year or 2.
CAUTION:
What's interesting to note here is, the next fib time date for DXY pivot coincides perfectly with the full length of the last bull cycle which was 84 weeks, if we measure 84 weeks since BTC and Equities bottomed this cycle it ends perfectly within few days of the next fib time pivot. So, it's possible the current bull run may be cut short, and we see an explosive move in DXY, A spring move like I mentioned above instead of slow grind up on DXY like it happened last time in previous cycle.
Now don't be scared just yet, that all hope is lost for bulls if that happens, The Wyckoff accumulation model can fail and DXY doesn't make a significant move up and starts to drop after few months of up. The possibility of this happening is there but it's low, in the end we must watch DXY and when it gets there and see what happens.
TOTAL market cap | Q1 2024 Will it be Red ?CRYPTOCAP:TOTAL
Hi fam,
Okay, 1.65T $ was lost due to FUD from the ETF rejection report leak and the market dumped to MA50 in D1 at 1.50T $.
This was good from different perspectives. Funding rates are mostly reset. The fear and greed index cooled down a bit and dropped from 70 to 68. Today we had a good recovery in the market and the TOTAL market cap reached the broken support of 1.65T $ which acts as resistance this time.
I think of more bearish moves after such a flush dump (despite all the fuds) and as I said in my previous posts Q1 2024 is expected to be Red with the last buying chance for most of the coins.
The trend moves in a parallel channel (most likely to be the distribution phase) and swept the range high and closed below the range and flushed to the midline of the channel and bounced. This will be more like a dead cat bounce and I expect to see lows to get swept at 1.46T $ in the coming days. The final target lies at 1.3T for the coming weeks.
As always, These are my ideas and might be wrong. Please DYOR.
Total 2The recent pullback in the overall market value of Altcoins can be interpreted as a strategic re-test of a crucial support level on a higher time frame (HTF). The HTF support is a long-term support level that represents a significant point in the market’s historical price action.
Currently, the market value is holding above $700 billion, indicating that the HTF support is providing a solid foundation for the Altcoin market. This level is crucial as it has historically played a significant role in determining market trends. The ability to maintain a value above $700 billion suggests a potential resilience in the Altcoin market.
ETH, Ethereum, BTC, Bitcoin. Cryptocurrency, s4style
Looking forward, the next major technical challenge is expected around the $1.2 trillion mark. In technical analysis, round numbers like $1.2 trillion often act as psychological resistance levels. If the market can successfully surpass this level, it could indicate a strong bullish sentiment and potential for further upward movement.
Traders and technical analysts closely monitor these key levels to make informed decisions. The successful re-test and holding above $700 billion suggest a favorable scenario for Altcoins, but attention will be keenly focused on how the market reacts when approaching the $1.2 trillion resistance.
TOTAL2 - Market Cap BOOMThe current structure forming at this low is very similar to the structure that formed very early in the crypto market (45M) which led to a bull market towards (428B). I believe we will see another massive growth period pushing the market cap excluding Bitcoin well into the T areas.
Bitcoin Turns Down For Deeper Correction. Strong Support At 40k.Stocks are coming down at the start of January as some portfolio adjustments and profit-taking occurs at the start of a new year to avoid 2023 tax year. We can also see some dollar rally, but normally these flows at the start of the year are temporary and can be reversed later this month when flows will normalize. We also have a FED minutes today, but US PMI and NFP much more important this week I think.
Looking at bitcoin, its coming sharply down on speculation that SEC will reject ETF. Some nice support is at 40k.
Arb-pumps- Total Market dumpsI have just laid out that when Arb is pumping, more often than not the total market dumps. I have added Solana chart to confirm that it is not happening with Solana at least this time. Also confirming that we no new money, at least not as we had in 2021. I hope this helps, if total3 without stables crosses 375B, it is more likely going to dump further.
TOTAL2 - Familiar Bottoms The bottom formation on TOTAL2 is something that has been seen before
At the beginning of the run TOTAL2 skyrocketed from 42M to 424B. I expect this to happen just on a slightly different scale.
It may stay within the green channel that I have drawn.
Very bullish right now.
Crypto Total Marktcap --- suggests pullback is occuring.Shorts have been getting their pants pulled down for too long :)
We may have reached a point where a pullback may be necessary and even healthy.
(Some coins will still do well of course, but will be fighting the general tide of the market)
Included a couple zones where could correct to.
TOTALTOTAL
TOTAL is the total market capitalization of all cryptocurrencies.
On the chart, after a long accumulation since May 2022, we see the first glimpses of growth, as on TOTAL2.
For overall growth, you need to break through the red resistance at 1.281 and gain a foothold above it. After this, we will have the opportunity to take the following targets: 1.434 - 1.63.
There are no large volumes up to the level of 1.63. We are currently monitoring the situation.
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Its time to reveal the truth. We about to take OFF !Hey everyone,
Im not that active as I would like to be because Im bussy doing other stuff then just investing and traing but I feel sad for many people turning bearish now so I thought
I might reveal the truth !
This might be a massive BEAR TRAP and that we are going up or pass the 10 Trill exclude BTC in next bull cycle which allready started months ago, but majority dont accept it until they see ATH ( This is where majority of retails start to buy)
When you see media joining we are close to the top ( Just so you know)
Lets make it simple and not overcomplicated with trillions of indicators and charts newbies cant actually even read. FOLLOW THE TREND & THE MONEY FLOW
For thoose thinking this is some random :shit: I dont appear here everyday but on important events to try rescue as much people as possible.
Stick with the long term plan and stay SAFE !
Keep in mind that there might be a pullbacks/corrections but that doesnt instantly mean the trend is turning bearish so PLEASE DO NOT FALL FOR BEAR TRAPS !
Wish you all the best.
Cheers
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