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Totalmarketcap

Navigating the #TOTAL Market Cap: A Glimpse into Crypto's Future💎The overall health of the cryptocurrency market can be gauged by examining the #TOTAL Market Cap, making it an essential chart for traders and investors. Delving into the #TOTAL weekly chart, the long-term perspective remains optimistic. Notably, the downtrend trendline representing the average price has been breached, accompanied by the formation of a new Higher High. Such developments hint at a potential transition from a bearish to a bullish trend. 💎Post-breakout, the market entered a consolidation phase lasting four months. During this period, the price oscillated between the 1.235T resistance and the 1.000T support. Currently, #TOTAL is undergoing a retest of the significant 1 Trillion mark, which aligns with the Volume Profile support, reinforcing its importance. If this Demand Zone remains unbreached, we might be on the cusp of a substantial 60% surge, targeting the 1.6T resistance. The strength of this resistance is underscored by its alignment with the 327.2% and 38.2% Fibonacci retracement levels. 💎It's worth noting that making long trades now could be akin to catching a falling knife. Nonetheless, our objective at the MCP team is to highlight these pivotal market shifts. By doing so, we hope to empower you to discern bullish indicators promptly, ensuring you maintain a competitive edge in your trading decisions.
CRYPTOCAP:TOTAL
by MyCryptoParadise
BTC ---> 2 ScenariosI'm going to relate this post to my previous one. This idea gives actual technical price levels to watch out for. To sum up , the blue channel's current breakout implies a slow retest. It aligns with the inflation rate reading announcement on the 13th of September. Therefore: I'm bullish until the date of the reading I expect high altcoin volatility (price increases are more likely) due to the temporary stagnation of major cryptos Red scenario seems more likely at the moment Do comment your opinion!
CRYPTO:BTCUSD
by Sanzhar_m
2
Margin Bloodbath as BTC ImplodesHi Traders, Investors and Speculators of Charts📈📉 One of the most important parts of trading is following the macro phase and planning your trades. The only way to do this, is to pre-identify the macro market cycle that's currently playing out. Why am I reminding you of this? Well, because despite the recent liquidations, we are still in a CRYPTO BULL MARKET. Bitcoin recently dropped to around 25K from a previous 30K ish. This caused a significant drop in the value of cryptocurrencies across the board, but micro caps didn't plummet as hard. Traders lost an estimated $1 billion in liquidations in a 24-hour period. This sell-off was one of the most severe downturns for digital assets this year. And yet, according to the macro , things are looking extremely bullish for smaller cap altcoins. Most smaller cap altcoins have not plummeted as hard as BTC and the other top alts by market cap. This means that the liquidity could possibly go into micro cap coins next. (Liquidation is when an exchange closes a leveraged trading position due to a partial or total loss of the trader's initial margin. This happens when the trader is unable to meet the margin requirements for the position, or when the price of the asset falls below a certain level. Margin trading is a type of trading where traders borrow money from an exchange to buy more assets. This allows traders to amplify their profits, but it also increases their risk of losses. The liquidations that occurred during the sell-off were caused by traders who were forced to sell their Bitcoin positions due to margin calls. A margin call is a notification from an exchange that a trader must deposit more money into their account to cover potential losses. If the trader does not deposit the required funds, the exchange will close their position, which can lead to losses.) The Bitcoin price drop was unexpected, but so far the support zone around 25K holds well. My strategy at the moment is the same as it was before this bloodbath; I won't touch BTC or the top 10 by market cap, especially not with leverage trades . Instead, I will continue to seek out under valued micro caps and accumulate for the next altrun. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
by CryptoCheck-
27
USD Surge and Risk-Off Moves: Factors Behind Cryptocurrency DownCryptocurrencies have seen some aggressive turndown lately, and there are a few reasons for a drop. 1.SpaceX Selling Bitcoins: Firstly, there was news last week that SpaceX, a company known for space exploration, had sold some of their Bitcoins. Since Bitcoin is a major cryptocurrency, any large sale by a well-known names, creates uncertainty in the market a especially when news is in connection with Elon Musk. 2. Risk-Off Moves and Strong USD: “Risk-off” moves refer to investors becoming more cautious and moving their investments away from riskier assets like stocks, and even cryptos and moving them into cash. So USD is recovering making cryptos weak which is not a surprise as US yields are still on the rise. 3. Ripple Case and SEC Appeal: The news about the Ripple case also contributed to the drop. The judge has decided to allow the SEC to appeal the case means there is still some uncertainty about how cryptocurrencies like XRP will be regulated. Ripple has seen some nice drop so far and erased all of the gains that were made in July after the announcement of a Ripple win over SEC. From a longer-term perspective, I think Ripple is moving into the attractive zone for a bounce, now after some “weak hands” are gone following an over-crowded and over-optimistic reaction back in July. All of these factors above combined create of instability in the cryptocurrency market, causing prices to decrease but when looking at the cryptocurrency total market cap, there can be some interesting support still for this year as we see wave C in progress; final leg of a contra-trend movement.
CRYPTOCAP:TOTAL
by ew-forecast
TOTAL & BTC: Guide to Trend Line AnalysisHi Traders, Investors and Speculators of Charts📈📉 One of the most important parts of trading is following the macro phase and planning your trades. The only way to do this, is to pre-identify the macro market cycle that's currently playing out, as well as determine key zones of support and resistance. You do this by drawing up trend lines on the chart, from a macro perspective. Here's a comprehensive Guide to Elliot Wave Theory, done on ETH : To summarize if you're short on time, Elliot wave identifies upward and downward phases during an overall bullish or bearish cycle. Wave 1-2 can often correct a near 50% from starting point of wave 0-1. This means the price can drop -50%, and you would still be in a bullish cycle . Now that we've discussed Elliot waves, we can also take a quick look at Wyckoff Method for BTC, which I did over here: In other words, don't be scared of corrections! Wait and plan your trade. There's no need to force a trade. If you have identified your support and resistance zones with diagonal and horizontal trend lines, you can wait for the price to reach your target and execute a brilliant trade with a great risk-reward setup.
CRYPTOCAP:TOTAL
by CryptoCheck-
31
Cryptocurrenices making deeper pullback after FOMC minutesThe USD edged slightly higher, and stocks hit new lows for the week yesterday after the release of FOMC minutes. These minutes revealed that officials expressed concerns about the pace of inflation and noted the possibility of additional rate hikes unless future data suggests otherwise. So cryptos are down as USD seem much more attractive with higher yields/lower treasuries. Crypto total market cap is coming lower, but can be in C wave of a higher degree pullback, but it has room for slightly more weakness till support is reached. Ideally near 1.05/1.06T. So from an Elliott wave perspective, the whole pattern still looks good for bulls, but more time and patience is needed here, during summer pullbacks.
CRYPTOCAP:TOTAL
by ew-forecast
Golden Pocket Rejection We dropped down to a swing failure pattern May 12th. (a long wick down). We then sprang back up on the 15th to create a small range for the month of May. The low and high of that range used to pull the fib and find a golden pocket at 1.15 trillion . We have left that range long ago but since rejected from it twice. I wonder if we will retrace to the POC below and continue ranging? My gut says we go down but that doesn't mean anything really. Now here's the thing. If you zoom out 100% and draw a fib from the lowest low to the highest high you will see the golden pocket is.........1.15 trillion. I cant make this stuff up.
CRYPTOCAP:TOTAL
by Altisona
Total crypto MC vs Gold ??You might call it optimistic but for me it’s obvious, total crypto MC will go higher than btc in percentage due to so many good projects and bitcoin getting old ( like it did last cycle ) From the bottom to new highs it usually takes 700 to 800 days for and bitcoin bull cycle , with my math somewhere between end of 2024 to march 2025 we will see the top . First target for me will be gold market cap where people waiting for bitcoin mc to get golds which im not sure that happens so ill wait to see if that’s possible at the time . A bit soon to get a decision but probably i get mine when price was at the date i appointed.
CRYPTOCAP:TOTAL
by mastershark
1
Alts need a 'Small Push' for a HUGE Pump!Market keeps going sideways after XRP vs SEC news favored the crypto market. Today i will not talk about Fundamentals though but about Technical (TA). What i like to call the 'All Time Trendline' is the biggest level in my analysis. In this case this has clearly acted as support in March this year and more recently in June this summer. At this stage this same level is resistance at 377 Billions. If and when this level can be breached it can result to a massive Pump (a Rise) in Altcoins as the next level would be much higher at 600 billion dollars. The price is trapped in a descending channel and those more likely end up offering breakouts. We are very close to that breakout, we practically need a 'little push' over the 380 billion level. Nasdaq might give us that little push coming closer to All Time Highs. Be aware: we are still at resistance (the channel/yellow levels). We still need that little push to break much higher! So we will be on alert! the Bad scenario is rejection and lower in the channel..still priced at 37-38% likelihood for 296 billion Total 3. One Love, The FXPROFESSOR PS. Time for Alts to rise Bitcoin higher or will a systemic risk do the opposite? We will find out in the next 2-3 months! stay close, stay focused.
CRYPTOCAP:TOTAL3Long
by FX_Professor
8
The Crypto Market Shakeup (#TOTAL): Breaking Through Key Support🌴 Paradisers, let's delve into the recent developments surrounding the Crypto #TOTAL Market Cap and its potential implications for the cryptocurrency market. 🌴 💎 A significant event has occurred as the Crypto #TOTAL Market Cap broke through a crucial demand area, signaling a potential shift in the overall trend. Adding weight to this observation, a confirmed Head & Shoulders reversal pattern has emerged, indicating that bears have gained complete control. This situation undoubtedly favors the continuation of the downtrend, presenting a rather negative outlook for the crypto market. 💎 At present, a minor pullback would be deemed beneficial for market health. It is anticipated that CRYPTOCAP:TOTAL will reach the previous demand level, the current supply zone, and the downtrend trendline. Should this scenario unfold as expected, it is likely that whales will begin accumulating short positions, leading to a consolidation phase. This consolidation phase sets the stage for #TOTAL to approach the $950B support area, completing the Head & Shoulders pattern and potentially dropping further to the $876B level. In the event that downtrend pressure remains robust, the final wave down could drive the price as low as $800B. Importantly, this support area finds confirmation from the 88.6% Fibonacci retracement and the Volume Profile level. 💎 However, it is crucial to keep in mind that the bearish scenario will hold true only if #TOTAL fails to breach the $1.138T resistance, which previously acted as a bounce point off the downtrend trendline.
CRYPTOCAP:TOTALShort
by MyCryptoParadise
Crypto Total Market Cap (TOTAL) can jump by over 40%💎 This is a follow-up on our last #TOTAL forecast, where we anticipated the continuation of the downtrend but considered an alternative scenario as well. Now, the tide has turned as the bulls conquered the supply zone, making our alternative scenario the main focus. 💎We witness the fascinating transformation of resistance into support, with #TotalMarketCap trading close to the long-term uptrend trendline. As long as we avoid a new lower low on the daily chart, the crypto total market capitalization is poised to surge further. 💎This could mark a significant uptrend, particularly since our critical resistance is positioned near 1.6T, a staggering 40% above the current demand zone. Paradisers, take note that this bodes well for the overall cryptocurrency market, and certain altcoins may experience growth of x5, x10, or even more in the upcoming weeks. 💎The MCP team diligently monitors the current support while unearthing those precious crypto gems. Stay tuned as we navigate the exhilarating crypto landscape! 🌴
CRYPTOCAP:TOTALLong
by MyCryptoParadise
TOTAL (Cryptocurrencies Total Market Capitalization) Analysis Fundamental Analysis: The TOTAL or Crypto Total Market Cap is an integrated Complete Cryptocurrencies Market capitalization of all the Crypto coins and tokens and it is demonstrated against USD to show the total market capitalization of the entire crypto environment and it can be used for many speculation and hedging purposes in finance and other related sectors. it can simply interpreted as how much of fiat currencies has been spent or converted to the Crypto assets or how much is the total value of the entire crypto environment is worth presently in Dollars. by looking at this index and comparing it with the entire worlds market capitalizations we can understand how much more fiat currencies are there in the world to gets converted to the Crypto or the other way of looking at it is how much more time it takes to Concore the fiat world by crypto and decentralized open markets. TOTAL Chart includes all the Coins and Tokens i.e BTC,ETH... Technical Analysis: we can see that, the chart is currently at the Reaccumulation zone of Fibonacci Golden zone and it has formed Bullish Divergence with MACD Lines and Histogram, which is the sign of Bearish or Retracement wave end and Trend Change to the Next Bullish Cycle and start of the next Impulsive wave. we have specified the Fibonacci retracement levels which can be used as the significant Pivot Points and Support areas where it can be the best Price or undervalued price to Purchase and Invest on. there total of 3 Targets defined by Fibonacci Projection of the initial impulsive wave followed by its retracement after the Top Distribution. the 3 Target gets confirmed as the price triggers the 2 TP followed by some retracement and price correction.
CRYPTOCAP:TOTALLong
by BitonGroup
TOTAL (Crypto Total Market Cap) Index Analysis 05/01/2022Fundamental Analysis: a very simple way of Fundamentally analyzing this Index is to look for the other markets indices including US and Europeans ones, such as Dow Jones and S&P 500, it is very observable that these Equity Markets are very much inflated and shall Retrace to the lower levels and correct themselves and get converged to their intrinsic values. in other word we can say the liquidity shall get diverted from these markets to some other Asset Class, this means gold and silver as well as Digital Assets which are Cryptocurrencies and their underlying technology such as Blockchain and even their future Projects like DeFi and related Financial and Applied Areas. By looking at the current statues of the Equity Indices and analyzing them we can come to the conclusion that these markets are doomed to fall soon hence a massive transaction of their liquidity to these new Asset class. lets look at some of our analysis on these Indices such as DJI: US 500: it seems very obvious to us that the collapse of these markets shall Couse a huge rise on other alternative markets assuming the minimum retracement or fall of 20% for each market and considering their Market capitalization of 40.7 Trillion for US500 and 10 Trillion Dollars of DJI and of course the market capital of other European markets. the Domino effect of markets fall shall consequences to the other markets fall around the world, we can expect minimum of 4 to 10 Trillion dollars of Liquidity shifts from these markets to the Crypto currencies Industry and ecosystems. these massive amount of liquidity shift shall Couse a huge pomp and rise in the new and even old Projects on various sectors of Crypto world. mean while we may have some more fall of the Total Market Capitalization of cryptos to lower levels due to some existing fear and Rug pool and Scam Projects but these events should not be having any long term effect and can get recovered on a very fast pace. the other factors of the wealth transition to the decentralized finance world can be the totalitarians policies and dids of the different establishments around the world such as China, India, middle east counties, or even the implode of some dictatorships systems Like turkey and Iran which will drive the Public funds to more stable and liquidly asset class such as cryptos. the world banking system too has lots of over leveraged Projects which can be liquidated and Couse a huge market collapse and distrust with their investors the public which will eventually Couse the wealth transition to the decentralized transparent venues such as Blockchain based Cryptocurrencies. Technical Analysis: There exist A Hidden Bullish Divergence of Price with MACD, it occurs on a Bullish trend and it is a very significant Sign of Bullish trend continuation. the Hidden Bullish Divergence is specified with the Green connecting lines. we draw the Fibonacci retracement from the low point of 0 to the ATH where we can see the dips of the Price falls are having perfect confluences with the Retracement Levels of Fibonacci hence we defined our two Targets using the same Fibonacci extension Levels. as the Markets fall chances are still exist, we can use the retracement levels of the Fibonacci to specify the support areas and the market Reaccumulating zones for its new bullish trend initiations.
CRYPTOCAP:TOTAL
by BitonGroup
2