SUPREME TEST FOR CRYPTO MARKET!I am posting this #Chart for those who are too #BULLISH in the #Crypto market now!
1. Below I attach a Weekly chart on TOTAL.
I'm not going to explain what #TOTAL means, I recommend a research.
2.As you can see, this macro trend was broken and now the price has reached the retesting area of the trend line, which has now become a resistance + monthly resistance and the 0.5 fib level.
3.So here it becomes the ultimate test for the crypto market.
It is necessary for both resistances to be broken and confirmed so that breaking the trend line is actually a fakeout on a monthly basis.
4.A rejection from this point would mean less liquidity in the market and obvious corrections to measure.
I don't want to scare anyone, I'm not bearish, I'm simply following the evolution and price action.
Totalmarketcap
Crypto Total Market CapHello Friends 😁
📈 In-Depth Crypto Market Analysis 🚀 CRYPTOCAP:TOTAL
There has been a notable need for a corrective wave (4). Upon further analysis, it appears that the correction has taken the form of a bullish contracting triangle.
This corrective structure suggests a temporary consolidation and typically culminates in a breakout. It's essential to note that within this triangular correction, Wave (e) is anticipated to overshoot the trendline. This occurrence often signals a short-term decline in various cryptocurrencies.
🔍 Key Points to Consider:
Bullish Triangle Correction: The current correction in the Total Crypto Market Cap is exhibiting characteristics of a bullish triangle, indicating potential bullish momentum in the near future.
Wave (e) Dynamics: Keep a close eye on Wave (e) as it is expected to overshoot the trendline. This overshooting is a crucial element in triangle formations and could lead to a short-term dip in cryptocurrency prices.
Short-Term Caution: Due to the nature of corrective structures, a brief dip in cryptocurrency values is plausible in the immediate future. Traders should exercise caution and be prepared for potential short-term fluctuations.
Anticipating Wave 5: Following the completion of the corrective phase, the market is poised for a breakout into Wave 5. This phase often represents a resumption of the overall bullish trend.
As we navigate this corrective period, staying informed and adapting strategies accordingly is key. Consider adjusting your positions in response to short-term fluctuations, with an eye on the anticipated bullish momentum once Wave 5 initiates.
Bye 🫡
ALT Season Is Starting - Total Market Cap 2MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
This video and chart helps show you ALT Season is about to start.
The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money .
Do NOT miss out on this coming bull market
CryptoCheck Team
Total 1day Log chart looks 2 b finally triggering channel brkoutWe can see here on the log chart that the brown descending channel on the 1 day timeframe finally appears to be getting a confirmation impulse. The target for this breakout is around 1.324 trillion. Keep in mind we also have the dotted blue measure move line to reach eventually much much higher up. *not financial advice*
"Analyzing the Total Crypto Market's Breakout and Support Shift"Being a contrarian thinker, I often hold opinions that differ from the mainstream, whether it pertains to stocks or cryptocurrencies. I find myself venturing down an unconventional path, distinct from the majority.
The provided weekly chart depicts the total cryptocurrency market, excluding Bitcoin. Here are some key observations:
Price action has successfully broken free from a resistant trend line that had persisted for two years. This indicates a significant shift in market dynamics.
Furthermore, this former resistance has now transformed into a confirmed support level, a development that underscores the potential for continued positive momentum.
The mention of "10x" likely refers to a significant increase in value attributed to a wedge breakout. Additionally, the term "flag pole" suggests that the market's peak can be projected following the breach of previous resistance levels, akin to the early stages of the 2021 bull market.
However, it's important to exercise caution and remember that this upward trend may not apply uniformly to all alternative tokens (alt-tokens). In contrast to the past, where a broad approach could yield success, the current market demands selectivity. Therefore, it's crucial to make well-informed choices when navigating the market.
Regarding the possibility of further market corrections, while it is technically feasible, it is not deemed likely based on the presented analysis.
In summary, the analysis emphasizes the value of contrarian thinking and suggests a promising outlook for the cryptocurrency market, albeit with a need for discerning and selective investment strategies.
In the daily time frame, the total market capitalization for cryptocurrencies (often referred to as "TOTAL2") is currently in the process of breaking out of a symmetrical triangle pattern. From a technical analysis perspective, this breakout suggests the potential for a 50% rebound in the market's overall value, as dictated by the symmetrical triangle pattern. Symmetrical triangles are typically seen as continuation patterns, and their breakouts often signal the possibility of a significant price movement in the direction of the breakout. Therefore, the current breakout from the symmetrical triangle is being interpreted as a signal that the market's total capitalization may increase by approximately 50%. However, as with any technical analysis, it's important to consider other factors and perform comprehensive research before making trading decisions.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
TOTAL - LONG TERM SCENARIO UNTIL 2025As I believe this bull run cycle has been finished and we will enter the new fresh cycle, I have analyzed the Total market cap until 2025 which I think we can reach up to 12T which is around 5x from this point (2.20) but before it happens we need to finish the bear market. Another factor that makes the 12T idea quite possible is it will hit 1.27 Fibonacci. If that happens, we would have BTC around 200k, ETH 20K, and BNB AROUND 2500 in 2025. I know it depends on BTC dominance and Others and many other factors but just wanted to give you a very rough idea.
If you like the idea, hit the like button!
Ehsan.F
TOTAL - EVENING STAR CANDLE EMERGEDAn Evening Star candle occurring at the peak of the uptrend can indicate that the bullish is losing track and the trend is about to reverse. Evening Star candle shows the exhaustion after a cycle of the uptrends price pattern. We saw this pattern in BTC in April 2021 following a very strong red candle in May 2021. We can get a solid red candle this month (Dec 2021) as the Doji candle means bulls are not able to push the price up any further and then bears will step in to take control.
Ehsan.F
Total Market Cap Analysis: a Bullish Surge!Exciting times in the crypto realm! Total market cap broke free from its 1.200T shackles, signaling a robust bullish wave. 🚀
Breaking Barriers: A Bold Move
Breaking through the 1.200T level was a pivotal moment, transforming a former resistance into a launchpad for further gains.
The Next Horizon: Aiming for 1.500T
Eyes are now set on the 1.500T mark. This significant milestone promises both challenges and opportunities, enticing traders with the potential for substantial uptrends.
Bullish Patterns: Charting the Course
A promising Bull Flag pattern has emerged, indicating a continuing bullish trend. Smart entry strategies are vital, ensuring traders ride the wave effectively.
As we venture toward 1.500T, strategic entries are key. Stay alert, analyze trends, and seize the right moments. Welcome the opportunities, and let’s navigate these crypto waters together!
Happy trading!
TOTAL Crypto Market Cap - pattern still valid🟩🟨🟥⬜️If the TOTAL cryptomarket Cap 2-weekly candle close above 1.284T I will get bullish nervous dear Crypto Nation 😎🚨
These repeating patterns of different market phases are still valid IMO🟩🟨🟥⬜️
Comments💭, Likes♥️ & Follow🔗 appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Bitcoin Dominance Cheat SheetHi Traders, Investors and Speculators of Charts📈📉
Bitcoin dominance and the rotations between BTC and altcoins can be confusing. Enjoy this easy-to-understand guide to BTC.D , and why it is important to watch alongside with the bitcoin chart.
👇👇👇
BTC dominance is calculated by dividing the market cap of BTC by the total market cap of all cryptocurrencies. If the TOTAL market cap is 1.5 trillion and the market cap of alts increases, then BTC dominance will go down unless the market cap of BTC also increases.
But to really understand the rotation of money between BTC and alts, you'll need a clear understanding of how how market caps all fit together.
Imagine a pie where each slice represents a different cryptocurrency. The pie here indicates the total cryptocurrency market cap of both Bitcoin and altcoins, which can increase or decrease at any given time. In other words the TOTAL chart.
- If BTC market cap increases but altcoin market cap shrinks (relative), the pie stays the same size.
- If BTC market cap increase and altcoin market cap increases, the pie size increase and so forth.
If BTC dominance is at 40%, it means that the BTC slice of the pie chart is 40% of the total size of the pie. The remaining 60% of the pie is made up of all other cryptocurrencies (altcoins).
A pie chart from March 2023:
Now, imagine a new bullish cycle starts across the crypto markets. This causes the market capitalization of both altcoins and Bitcoin to increase. If the market capitalization of BTC also increases, but at a slower rate than the market capitalization of altcoins, then BTC dominance will remain stable even though BTC Price increases AND altcoins prices increase. This is because the BTC slice of the pie is still 40% of the total size of the pie, even though the pie has grown larger.
In other words, the pie has gotten bigger, but the size of the BTC slice has remained the same relative to the rest of the pie.
Here is another way to think about it:
Total market cap: $1.5 trillion
BTC market cap: $900 billion
Alt market cap: $600 billion
BTC dominance: 60%
Now, let's say that the alt market cap increases by $200 billion and the BTC market cap increases by $100 billion. The total market cap would now be $1.8 trillion and the BTC market cap would be $1 trillion. BTC dominance would still be 60%, even though the price of BTC increased because the overall pie has gotten bigger.
Here is an example of how the BTC dominance falls, but BTC price increases:
Total market cap: $1.5 trillion
BTC market cap: $900 billion
Alt market cap: $600 billion
BTC dominance: 60%
Now, let's say that the alt market cap increases by $200 billion, but the BTC market cap only increases by $100 billion. The total market cap would now be $1.8 trillion and the alt market cap would be $800 billion. BTC dominance would now be 50%, even though the price of BTC has increased.
As a summary:
UP: BTC d ominance is increasing, meaning that BTC is outperforming altcoins.
STABLE: BTC d ominance is remaining relatively unchanged. This could indicate price movement on either Bitcoin or Alts .
DOWN: BTC d ominance is decreasing, meaning that altcoins are outperforming BTC .
We see an increase of market capitalization on the TOTAL chart:
_______________________
📢Follow us here on TradingView for daily updates📢
👍Hit like & Follow 👍
We thank you for your support !
CryptoCheck
CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL
Total market cap chart Why total is important I hope I dont need to explain. CRYPTOCAP:TOTAL
Possible Targets and explanation idea
➡️Weekly chart. Marked 2 times with trade on indicator moment to SELL and out of crypto
➡️June 2022 was a main bottom for crypto and BTC especial
➡️November - January we are under real value of total
➡️C4L direction showed also November-January whales accumulate aggressively
➡️White zones is depression zones where whales also build average entry for investments
➡️Take profit lines marked by fib levels + take profit indicator before correction
➡️ Correction I think we will see at April-May 2024
Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch!
✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
---
• Look at my ideas about interesting altcoins in the related section down below ↓
• For more ideas please hit "Like" and "Follow"!
TotalMarketCap (TOTAL) Bullish Momentum BuildingTotalMarketCap demonstrates strong support within the demand zone, consistently breaking above downtrend trendlines. These developments suggest that TOTAL is potentially gearing up for its next upward surge. Currently, the risk-to-reward ratio appears favorable, particularly in light of today's pullback.
Total Crypto While everyone will be looking to go to NEW HIGHS this next bull run.
I would advise caution.
I would recommend everyone watch for these other two scenarios and worry about them 1st.
#1. Quite possibly you see a Lower high in the range of $2t as shown by the first level marked in red line.
#2. I would watch for a DOUBLE TOP on Total.
Until both of these scenarios are invalidated I would recommend paying closer attention to them for your reality on WHEN to take profits vs only thinking about the Euphoric Valhalla ending.
TOTAL2 is About to Explode!The crypto market is abuzz with a significant phenomenon - the shrinking of the total market capitalization, excluding Bitcoin (BTC). Contrary to what one might expect, this contraction often precedes a major pump in the world of cryptocurrencies, signifying the potential for exciting price movements. 🌌💥
Unpacking the Market Cap Contraction
Market cap contraction is a fascinating occurrence, one that hints at the complex dynamics of the cryptocurrency market. When we talk about the total market capitalization excluding Bitcoin, we're essentially looking at the collective value of all cryptocurrencies other than the big BTC.
The Compression Effect: A Precursor to a Pump
Why does contraction matter? It's because, in crypto, this phenomenon frequently acts as a precursor to a "pump," a substantial increase in prices. When the total market capitalization of altcoins starts to shrink within a defined range, it often indicates that the market is preparing for a major move.
Anticipating the Upward Surge
For crypto traders and enthusiasts, keeping an eye on this contraction is vital. It suggests that exciting price surges could be on the horizon for the world of altcoins. Such periods of compression often lead to increased trading activity, resulting in significant price movements.
Trading Strategy: Positioning for the Pump
As this exciting market cap contraction unfolds, cryptocurrency traders should consider crafting trading strategies to harness the potential pump. The market dynamics may offer numerous opportunities to capitalize on these upcoming price surges.
Conclusion: Crypto's Dynamic Landscape
Understanding the nuances of the crypto market is crucial, and the market cap contraction phenomenon is one of its fascinating aspects. As we navigate this period of compression, let's remain vigilant, prepared, and ready to embrace the opportunities that a potential pump can bring.
🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis
❗See related ideas below❗
Share your thoughts and insights 💚🌐💚
Fomo Purchases and Late LiquiditySolana.. abrupt pullback at Key Level to gather liquidity?
Jumping in front of a Freight train is no fun so it's particularly risky going countertrend the market when there is Momentum on the Higher timeframes. Understabding the risks involved is necessary when trading fakeouts. Fakeouts occur more often then not and that is because of lack of attention to detail, laziness, and ignorance may likely play a role.
Short term targets are 30.19 and 29.07 daily levels
Total index analysis Crypto Total 2 has broken down the upward channel and has tested the supportbelow it, now we can see this weekly candel is now open and heading upward. besides that we can see an obvious RD + in MACD and MFI. and Elon Musk just tweeted again! so in my opinion we are about to see a pullback to the broken channel and after that we have to see if there is any sign of getting back to the uptrend or that is just a technical pull back and we have to get ready for a massive dump and a long bear market for crypto market .
im bearish until i see areal good sign here. the first target for the market total is retesting 2017 high.
comment your opinions down below:)
#TOTALmarketcap incl. #btc and #eth @ resistanceHere' s the chart of ALL #cryptomarketcap #TOTAL1 . As you see #index is now at the historical vertical resistance. This is the 3rd testing of this resistance.
- Clear declination will result heavy bloodbath on #altcoins.
+ Clear breaking out with weekly closings will result a new bull era.
NOT FINANCIAL ADVICE.
#Others #altcoins #marketcap is about to fall in STF ?This is #total3 #altcoin marketcap , excluding #btc and #eth top major coins. This chart is showing early weakness in short time frame. As #bitcoin #dominance on the rise, this is not unusual. The big picture will be revealed soon , when #btcd moves hard.
NOT FINANCIAL ADVICE.