XRP decoupling from BTC? is this 2017 all over again? 10,000%?!!Last time this happened , XRP had a 10,000% Bull Run .
Bitcoin dominance on the verge of collapse
Bitcoin going down for correction while XRP is pumping
RSI non confluent
Volume on XRP increasing while BTC Volume is very Low
Bitcoin MA's all crossed to downside 20,50,100,200
XRP MA's all crossed to upside 20,50,100,200
if you have been on this coin and knowing everything XRP has been through in the past 4 years ,
then you will understand how big this is for the community and your patience is finally going to pay off .
Lets wait for more confirmation . If we see CRYPTOCAP:XRP candle close above $0.66 while bitcoin is correcting , then we will know if this is for real or not .
Best of luck.
Totalmarketcap
Total 3 Analysis & name your altSimilar to Bitcoin, altcoins also began a correction in March.
Although this correction has been steeper, it remains a correction. After breaking below the 600B support, the total altcoin market found support around 500B and is now trading back above 600B, suggesting a false break.
The confluence of falling line resistance and horizontal resistance around 650B indicates that a break above this level should accelerate gains for the total altcoin market and potentially lead to a retest of the previous high.
In a more optimistic scenario, if Bitcoin heads towards 100k, we could even see a 1T market cap for altcoins.
P.S. I see a lot of altcoins with great potential. Would you like me to look into any specific ones for you?
Regards!
Mihai Iacob
The Crypto Market is Approaching Escape Velocity Total Crypto Market Cap - CRYPTOCAP:TOTAL
✅Tags 10 month moving average.
✅14 months into a 29 month bull run timeframe.
🎯You can see where we are now v's last two cycles
(Oct 2016 & Aug 2020).
The road to riches is paved with patience
Donald Trump's Recent Key Statements at Bitcoin Conference in Nashville
1. Vowed to hodl the 210,000 BTC held by U.S. Government and use it as a strategic reserve to back the U.S. dollar.
2. Promised bitcoin miners that by the end of his presidency, they would enjoy access to the cheapest energy in the world (presumably to encourage miners to the U.S. and to make the U.S. key to the Bitcoin infrastructure and a main holder of the asset in the world).
3. Trump promised to protect the right to self custody and to establish an bitcoin presidential advisory council.
4. He promised there would be no U.S. Central Bank Digital Currency (CBDC) on his watch.
5. He vowed to free the silk road creator Ross Ulbricht who is currently serving a double life sentence in a Federal Prison for his involvement as founder of the silk road platform (which sold illegal items via CRYPTOCAP:BTC transactions and was shut down in Nov 2014). Ross was aged 30 at the time, and is now 40 and served 10 years jail time for setting up an illegal internet enterprise system.
6. Trump pledged to fire Gary Genlser on day 1 of his term.... Gary is the Chairman of the Securities Exchange Commission (SEC) and has been a major obstacle to crypto acceptance and arguably illegal obstructive towards the approval ETF's, to the point an U.S. federal judge stated the following:
" the SEC's reasons for denying an application by Grayscale Investments to list a bitcoin spot ETF were "arbitrary and capricious" and in violation of federal administrative law."
Final Note
Obviously, all of the above is incredibly bullish, however it also hinges on Donald Trump being elected. Whilst this appears to be a certainty, recent events could have altered history. Just something to keep in mind.
At present, the chart looks incredibly bullish and like we are entering the most bullish period in crypto based on last cycles. Hang onto your handle bars, things look like they are about to really kick off.
PUKA
TOTAL primed for the biggest downfall (Monthly)This chart says it all. Brace yourselves. This "bullmarket" was just a retrace. Didn't feel finished at all when BTC hit 15K. Also the S&P looks topped out and the USDT.D chart on a monthly scale suggests that there is a lot of pain coming.
Let us not unsee the huge divergence on the monthly RSI.
Microstrategy Inc. The Money SongMicroStrategy, the largest corporate holder of bitcoin, announced a 10-for-1 stock split on Thursday.
The company said the shares will be split into class A common stock and class B common stock “to make MicroStrategy’s stock more accessible to investors and employees.” The move comes amid a lull for the price of bitcoin, which has been stuck in a tight range since about March, but which many investors expect to rebound in the second half of the year.
The shares rose about 6% but are currently about 34% off an all-time high of $1,999.99, reached in March of this year.
In technical terms Microstrategy tripled in price over the past 12 months and doubled in price in 2024, outperforming the major crypto assets like BTC, ETH, and Total crypto market cap as well.
The main technical graph indicates perhaps it has much more to deliver.
//
Money talks
Money shouts
Don't take much to hear
Like it or not
You need a lot
If you're gonna make a life down here
BITCOIN VS ALTCOINS Since the beginning of 2023 BITCOIN has been on a relentless upward trajectory. As the highest market cap cryptocurrency it often sets the tone for the entire market. When Bitcoin goes up it tends to drag the rest of the market up with it and the same when Bitcoin falls is the general rule of thumb.
This post is to showcase the difference between Bitcoins market cap (TOTAL) Vs the Altcoin market cap which excludes Bitcoin and Ethereum (TOTAL3) . As the market leader Bitcoin is often the first mover and that can be seen in the chart on the left, we have at first glass a mirror image on the TOTAL3 chart on the right but with a few key differences:
- When Bitcoin fell from its ATH in November, price found it's bottom at the previous cycles ATH as seen by the blue horizontal ray. Whereas the altcoin market continued to drop below its previous ATH by another 19.67% . It's an important difference because it shows that altcoins are worse off in a bear market when compared to Bitcoin, and they start from further back once the Bullrun arrives.
- We can see that both charts are very similar, the next biggest difference is clearly the progression made in this Bullrun so far. Bitcoin has already moved past its "right shoulder" of the head and shoulders price pattern, TOTAL3 however is still some ways off that mark, the chart shows altcoins have a 38% gap between current level and the top of that "right shoulder" .
The reason for the gap in the race can be explained the same way each cycle because they're exactly the same patterns each cycle. Bitcoin is the first mover as it is the biggest by market cap, the same cycle of capital injection happens each and every time:
BITCOIN ----> LARGE CAPS ----> MID CAPS ----> SMALL CAPS
Profits get rotated into the next more risky investment over and over until the blow off top and retail are left holding their positions all the way down. This will most likely still be the case this cycle however there is a new player on the field...
BTC ETF's...
This is new and exclusive to this cycle and I believe this will partly change the dynamic of the cycle when compared to years gone by. With over $10 BILLION DOLLARS of net inflows into BTC the institutional buyers are now here in a much bigger way than ever before, how will this disrupt the money flow? It could prevent profits from rotating somewhat into the large caps, but not completely. Naturally the ETF providers will have a large stake in the holding of BITCOIN and are going to be less inclined to sell when the cycle looks to near its end as they are still providing the service to their customers. Having less sellside pressure will help BTC hold its value.
The altcoins may get the negative side of this as less profits in theory will rotate into smaller cap coins and result in a smaller 'Altseason" . This is the cost of institutional adoption. There is always the possibility of altcoin ETF's but that is another discussion. For now I can see altcoins playing catch up later this year and going into 2025.
Mt. Gox Repayment Plan Brings BTC to 125-Day SMA's OpportunityMt. Gox, which once accounted for roughly 70% of the world's bitcoin trading, was hacked multiple times between 2011 and 2014 and thousands of bitcoins went missing, setting off a long process of customers trying to get their crypto or money back. The exchange declared bankruptcy in 2014.
The long-awaited distribution of Mt. Gox customer funds comes after years of delays. However, Rehabilitation Trustee Nobuaki Kobayashi stated that preparations for these repayments are well underway, ensuring all necessary safety measures are in place before the distribution commences.
The correction in BTC price extended on June 24 due to bearish sentiment arising from defunct crypto exchange Mt. Gox’s plan to return over 140,000 BTC to victims of a 2014 hack, with repayments set to begin in July.
More than $9.4 billion worth of Bitcoin is owed to approximately 127,000 creditors of Mt. Gox, who have been waiting for over ten years to recover their funds. Since Bitcoin’s price has risen more than 8,000% since 2014, this could introduce significant selling pressure for BTC. Some of these investors, who may have millions in profits, may decide to cash in at current rates.
Meanwhile, in technical terms BTC just dropped to it's significant 3-months support level that is corresponds also with 125-Day SMA.
BTC has been last seen at 125-day SMA 9 months ago only, in mid-October 2023, near $ 28000 level.
In that time SMA support helped to deliver BTC up roughly +160%, less than in a half-a-year.
Technical graph indicates also on huge oversold area for RSI indicator, that just turned to one of its lowest readings over the past 12 months.
Cryptocap Crypto Total Market Cap - Idea IHey guys
2023 printed a bullish setup - retest of old high.
-> it also closed above the middle line of the bearish engulfing candle -> second bullish indicator.
-> grey zone and old highs of 2.1T - 3T will be monitored.
-> still somewhat bearish below 3.1
Quarterly: Neutral - Inside bar and retesting middle line of Q1
-> still in bullish territory because it closed above major support…
-> inside Bar will be monitored (range)
Monthly chart: Bearish close -> 3 Months weakness
-> Stochastic turned down - 2.4T and 2T will be the showdown area - grey Box which will act as support or resistance.
-> still in an uptrend indicated by the rising Trendline.
3D: Testing a bullish Trendline - Bullish Setup on this Frame
-> still in a declining trendline / Consolidation
Thanks for reading
$TOTAL is flerting with important Fibonacci Circle resistenceAfter a fake breakout from important Fibonacci Circle resistence and a fake breakout from the downward blue continuous line, CRYPTOCAP:TOTAL is trying to find now support over the daily 200 EMA (green line) that coincides exactaly over an important VWAP reset line
If prices continue to fall, a very important support will be over the market "Support Box"
Once the price breakout from the red Fib Circle, market will continue its move upward
Chart Idea - TOTALWaiting for this inverse head n shoulder to playout. In order for BTC to move further up and liquidate more shorts, TOTAL needs to break the neck line of this inverse head n shoulder pattern. We will see BTC going down again if it gets rejected from here. Will keep on updating here.
Elliot Wave 3-4 : FINAL Correction before NEW ATHI've been watching this bearish M-Pattern for some time, and I still believe this is a multi-month playout towards a new ATH:
This lines up with my initial correction target using Elliot Wave Theory:
We see a very clear Double Top play out in the Total Chart, also indicating that it's time for a correction:
HOWEVER - I expect the bulls to be ready and sweep in lower prices when the right support zone is reach (whale zone), which seems likely to be in the 40k zone. It won't be a straight line down - again, a multi-month playout is likely.
_______________________________
CRYPTOCAP:TOTAL BINANCE:BTCUSDT
TOTAL2 - Support Test of This Curved TrendThis curve has been the dominant trend for awhile now and I think it will be used to push TOTAL2 higher.
I believe we are at the early stages of a larger bullrun and this trend will aid in furthering the bull market.
Three circles show bounces off the middle of a down channel drawn against the tops of recent highs.
Personally im still bullish.
4Hr Chart.
TOTAL # 001 ( Last PUSH UPWARD before Market COLLAPSE !!! ) Hello dear traders.
Good days.
On monthly Gann Square, Total market didn’t grow more than 0.25 of Monthly Gann Box level price and it can try to test at least 0.5 Monthly Gann Box Fib level which will be 2.55 T $ .
It can grow beyond to test 0.618 @ 2.91 T $ Or even try to reach itself to 0.75 Gann Box Fib Level which will be about 3.4 T$ .
Weekly and Monthly Gann Square Can match each other to reach to the mentioned Targets and Finally proceed to Hug Bearish Correction at the end of Monthly Or Weekly Gann Square which is depended .
Chart is plotted with help of Gann Square and Gann Box.
Good luck and safe trades.
Thanks for your support and comments.
TOTAL MARKET CAP ANALYSISHello dear traders, we are new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
ALTS Market Cap
Current Situation:
The ALTS market cap is currently testing the boundaries of a descending triangle pattern.
The 100-day moving average is acting as resistance just above the triangle.
200-Day MA Bullish Momentum: The 200-day moving average suggests underlying bullish momentum.
Anticipate a bounce from the triangle's support level.
A successful breakout above the 100-day MA confirms a bullish trend.
If the retest of the triangle's boundaries fails, expect further consolidation within the pattern.
This indicates continued market indecision.
The ALTS market cap is at a crucial juncture. A bounce from the triangle's support and a breakout above the 100-day MA will confirm a bullish trend. Failure to break out suggests further consolidation and market indecision.
Hit the like button if you like it and share your charts in the comments section.
Thank you
TOTAL !CRYPTOCAP:TOTAL
Total crypto market cap may rebound from support trendline of ascending triangle
Successful bounce from this trendline lead to bullish continuation , However, a breakdown could trigger a bearish trend, pushing the market towards $1.85 trillion.
Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.
_ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟!
⚠️Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!
Detailed Analysis of Altcoin's Market DynamicsRecent Market Performance
From October 2023 to March 2024, the altcoin market experienced significant growth, increasing from a $314 billion to almost $783 billion market cap—a remarkable 150% rise in just five months. Such rapid growth often leads to market corrections, which many retail investors find challenging to navigate. Recently, the market corrected by 29%, dropping to around $559 billion. This correction is considered healthy following the substantial growth phase.
Historical Market Patterns
Examining past trends provides insights into future market behaviors. For instance, in late 2020 and early 2021:
- Bitcoin Surge (October-November 2020): Bitcoin's price doubled from $10,000 to $20,000.
- Altcoin Lag and Subsequent Rally (December 2020 - January 2021): While Bitcoin surged, altcoins remained stagnant, causing investor disappointment. However, two months later, altcoins experienced a massive rally, tripling in market cap within a month.
This pattern of initial stagnation and subsequent explosive growth is reminiscent of current market conditions, where investor fatigue often precedes significant gains.
Near-Term Market Predictions
Key upcoming event: ETH ETF Launch on July 2nd
- Unlike the Bitcoin ETF launch, which did not trigger an immediate price surge, the ETH ETF launch is not expected to cause a dramatic market reaction on the day itself.
- The next 3-4 weeks are projected to be relatively sideways or bearish for altcoins, with a potential market reversal and new rally starting around mid-July.
Current Market Cap Scenarios
Two potential scenarios for the altcoin market cap leading up to and following the ETH ETF launch:
1. Reaching Blue Zone $534 - $550 billion market cap and bouncing.
- This is less likely unless there is bullish sentiment in the market, particularly if the $550 billion level is reached before or just after July 2nd.
2. Dropping to the $480 billion region (Green), testing the weekly moving average 200, and then bouncing.
- This scenario seems more logical, particularly if it happens around mid-July. Such a drop (another 15%) would likely induce market panic and exhaustion, setting the stage for a significant reversal.
Long-Term Outlook
Despite the short-term uncertainty and potential for further declines, the market is believed to be near its bottom. The long-term prospects for altcoins appear positive, with the market potentially reaching $1 trillion and setting new all-time highs. Therefore, even buying at current levels is expected to be beneficial in the long run.
Conclusion
The altcoin market recently grew a lot but then corrected, which is normal. Historical trends show that big gains often come after such corrections. We might see more sideways or downward movement before a big rebound around mid-July. Even if the market drops a bit more, it's likely near the bottom, and buying now could pay off in the long run.
$TOTAL Cup & Handle formingAlthough we could zoom out and literally write a book of CRYPTOCAP:TOTAL technical analysis, let´s start with this 12 hour time frame
In green, a Cup & Handle formation, that WILL TAKE US ABOVE ALL-TIMES-HIGH cryptomarket cap
The ATH marketcap is marked on the purple horizontal lines (2,9 to 3,0 trillion) and the C&H targets are marked with the purple arrows, left is most otimistic, right pessimistic
Is important to say price is on a little triangle formed by yearly long support (big blue dotted diagonal line) and yearly fib circle resistence (continuous red thin line0)
This triangle can still break low to find the support on the thick green 200 EMA line and others yearly supports
As we are on a region with a lot of multi year support, guess what? Break up is a matter of time; I´ll give approximately 4 weeks to this setup completion (marked with red flag and another confluence with the next multi year long fib circle)