TOTAL Crypto Market Cap - English FrenchToday, The Weekly candle closes and as we can see right now, there is a lot of indecision about which direction the Crypto Market is going to go.
On the MACD and StochRSI, it is overbought on a Weekly chart and this does point towards that long awaited drop.
We are in a Classic area of resistance from the 2021 Bull run and once we break through this, we are on outr way to a New ATH and there is little doubt that Will happen. The question is when.
Accumulation is happening in the Market and some ALT coins have moved well but the OTHERS Chart ( The top 120 coins Minus BTC< ETH and other top coins) is also overbought now.
It is best to not be surprised if we do see a pull back....
We are in a Very similar position to where we were in June 2019 and if you ignore the "Covid" pull back, we saw a total drop of around 48% over 12 months and while I doubt very much that this will happen again, I think that after Halving may be flat for a while.
People have been saying "It is different this time" and I am one of them.. I have seen 2 previous bull runs and been drawing detailed charts for nearly 5 years.
Right now, The Bulls still have th eupper hand....
We could see a push higher tonight - 25 Feb 2024 - We may not - the trick is to be ready for Both circumstances.
IT IS DIFFERENT and we will continue learning.
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Aujourd’hui, la bougie hebdomadaire se ferme et comme nous pouvons le constater en ce moment, il y a beaucoup d’indécision quant à la direction que va prendre le marché de la cryptographie.
Sur le MACD et le StochRSI, il est suracheté sur un graphique hebdomadaire, ce qui indique une baisse tant attendue.
Nous sommes dans une zone de résistance classique par rapport à la course haussière de 2021 et une fois que nous aurons franchi cette zone, nous sommes sur la bonne voie vers un nouvel ATH et il ne fait aucun doute que cela se produira. La question est de savoir quand.
L'accumulation se produit sur le marché et certaines pièces ALT ont bien évolué, mais le graphique OTHERS (AUTRES) (les 120 meilleures pièces moins BTC < ETH et autres pièces les plus importantes) est également suracheté maintenant.
Il vaut mieux ne pas être surpris si nous constatons un recul....
Nous sommes dans une position très similaire à celle où nous étions en juin 2019 et si vous ignorez le recul du « Covid », nous avons constaté une baisse totale d'environ 48 % sur 12 mois et même si je doute fort que cela se reproduise, je Je pense qu'après la réduction de moitié, cela peut être stable pendant un certain temps.
Les gens disent "c'est différent cette fois" et je fais partie d'eux. J'ai vu 2 courses de taureaux précédentes et je dessine des graphiques détaillés depuis près de 5 ans.
À l’heure actuelle, les Bulls ont toujours le dessus....
Nous pourrions assister à une poussée à la hausse ce soir - 25 février 2024 - Ce n'est peut-être pas le cas - l'astuce est d'être prêt à faire face aux deux circonstances.
C'EST DIFFÉRENT et nous continuerons à apprendre.
Totalmarketcap
Crypto TOTAL updatePutting this up as reference for myself mainly. just what im seeing here momentum repeat wise. looks very similar to two past price action points. one more than the other rather obviously.
lets see if this works out. would mean one more pop. coinciding with my ORIGINAL 55k ish btc medium term top. question is do alts go nuts at that point or get absolutely smashed when btc dumps.
Crypto Market approaches a $2 Trillion Market CapTotal Crypto Market Cap - CRYPTOCAP:TOTAL
This was one of the first charts I shared here on Trading view in April 2023.
✅ Above 10 month moving average
✅ 9 months into a 29 month bull run timeframe
The crypto industry is just short of a $2 trillion market cap valuation.
I hope this chart helped get the wind at your back for this long term bullish trade. I have more to come.
CRYPTOCAP:BTC #Bitcoin
PUKA
TOTALTOTAL - is the total market capitalization of all cryptocurrencies.
We have come to a big resistance at 1.732. If we manage to break through and gain a foothold higher, then we will consider the targets indicated by blue lines.
The crypto market as a whole may still show growth. But you need to be extremely careful, since the cryptocurrency has already grown well.
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
Cryptocurrency - At A Crossroads...Reposting this just as the historic Ethereum Merge gets underway. (Original post from July was removed)
Since the March 20 low when the market cap was a measly 91 Billion, the crypto space added a whopping $2.7 Trillion before topping out in November 2021, an impressive 2700% jump.
The market has since corrected 74% to the tune of $2.25 trillion. We are now testing 2018 highs along with the 0.382 Fibonacci level.
We could also see that the space found support at the 0.382 during the 2018 correction.
The market cap has travelled in this ascending channel for about 5 years, it has now reached the critical red dashed trendline , you will notice that it tends to act aggressively here.
Price initially found some resistance before breaking through in November 2017. In August the following year, it failed as support and a 60% drop followed.
The trendline then proved to be resistance with a firm rejection in July 2019, price finally broke through in January 2021 before going on to make new all time highs.
Another crucial support being testing is the Simple Moving Average (Blue Line), we could see that price found support here during the 2018 bear market low,
& once again during the March 20 sell off. Should the SMA act as resistance, we may tread the bottom channel for some time.
Should the SMA, trendline & the 0.382 hail to hold, the 0.5 Fibonacci lines up nicely with the bottom support trendline, this is about a 50% drop from current levels. (My Ideal Load Up Zone)
If we look at the correction that took place in 2018, a similar 88% plunge will place us right at the 0.618 Fibonacci level. (Reload Zone)
On the flip side, should price action remain in this ascending channel, the bottom trendline will line up with 0.382 in January 2024.
It also marks a similar duration between the 2018 top & March 20 lows.
Over the last 18 months, it has certainly paid to be a US dollar bull, whilst everything else has fallen to pieces (it seems).
With its largest interest-rate increase in 28 years, the hawkish Federal Reserve signalled a strong determination to fight inflation, even if it ultimately takes a toll on the economy.
This has undoubtedly affected cryptocurrency. Despite Bitcoin's inflation hedge narrative, a speculative asset class was never going to be spared.
“Be fearful when others are greedy. Be greedy when others are fearful.”
Back in July, the Fear & Greed Index had broken the record for uninterrupted extreme fear.
The index had been in a range of extremely negative sentiment for a record 72 days.
The extremely negative sentiment had been in place since BTC collapsed from the $38,000 level on May 5.
Today, the Bitcoin Fear & Greed Index sits @ 27/100, narrowly avoiding extreme fear levels.
Are the bulls ready to turn the tide? Or will the bears continue the assault & send us to the abyss?
With PI Cycle theory flashing a bottom, market ripe with fear, miner + retail capitulation, calls for BTC to hit 0, market oversold with RSI+MFI @ record lows, tether dominance showing weakness, in my humble opinion - its time to DCA into positions.
There is no doubt, an interesting few years is upon us.
Good Luck!
Speculative Setup, DYOR.
CRYPTO TOTAL MARKET CAP: Low VolatilityThe Crypto Total Market Cap on the weekly timeframe still has low volatility, which is shown by this Mean Absolute Deviation Percentile Indicator, which is a measure of volatility. If volatility itself remains extremely low, like it still is, then that means it only has room to expand, which means that the variation in returns is higher, which means bigger moves in the upcoming future.
While volatility itself isn't directional, a big move will most likely occur soon, and you would want to bet on the side that gives you more returns, which is clearly towards the upside in the weekly timeframe.
TOTAL MARKET CAP update - choose your poison degenTOTAL MARKET CAP update - choose your poison degen
update
i am going to use this as a guide, breakdown is quite clear, just keep a level head and if we start diving below; pull the plug. if we go up for now again then you can thank ,,, this crazy market.
zoom out on the map to see the only two points in history that have the same momentum signature.
gl
📉 Crypto Total Market Cap ($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 🌐📊
$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.
---------------
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.