Cryptomarketcap
looks like the market will continue to grow. In my opinion we should hopefully shoot through red line. Then bounce off the upper resistance.(gold Line) leading to the market showing support at the previous resistance. If we go through the Gold triangle we will shoot straight through it. Im not seeing any resistance in that channel that should block upward movement leading the market to the top line as support.
TOTAL2 Price Discovery ContinuationCrypto Market Cap Excluding BTC is looking
very bullish.
Ichimoku is bullish as can be:
-Kumo cloud is green
-Tenkan is above the Kijun
-TK is above the cloud
-Lagging span is well above price and cloud
-No C Clamps forming calling for correction
-Tenkan as the first line of support of the
Ichimoku system was tested last week and
the price bounced off there beautifully
Moving Averages are looking bullish:
-MA7 (not pictured) acted as support well last week
-MA7 is well above MA30
-MA30 is above EMA100 both are curling up nicely
Volume these last few months have been huge.
If price closes here above $575B or even just green
in general it will confirm the positive retest
flipping the previous Jan 2018 All Time High
resistance to support and we should expect upward
price expansion to continue, first targets being
the Fibonacci retracement lines of
1.618 @$749.398B
2.618 @$1.19T
3.618 @$1.63T
4.238 @$1.902
I fully expect this market cap to grow
exponentially more than where we are now past
these fib lines for these coming years.
Especially considering how much attention
finally cryptos are getting by institutional
investors and the mainstream populous in
general realizing the validity in blockchain and
decentralization as the big technological
advancement of this generation.
This is just the beginning of worldwide eye opening,
media attention and exponential growth in this
market.
Allocate your assets accordingly.
Macro Trend on the Global Market Cap (excluding BTC)The last post was inaccurate.
According to this fractal, we could see another 40% growth before the panic selling begins. The fractal also shows us that this panic selling could begin in early-mid March. However, fractals tend to assume no external factors, such as mass adoption, could be at play - so take this with a grain of salt.
Crypto MarketCap (Bigger Picture)We Are Looking At Crypto MarketCap On A Daily Time Frame
A Clear Breakout to the upside probably shocked a lot of people, but the question is.
Will it find a support and continue to go up? Or is it an Up-Thrust Action After Distribution?? (UTAD)
*UP 640% since March 2020 Lows
*UP 68% after breaching previous ATH
Price Analysis & Targets:
BULL -> Finding Support @ around 110-115T --> Upward momentum can lead to 1.6T MCAP conservatively (based on previous price movements)
I believe that this Bull Run will CAP at around 3.5T MCAP Tops Before going into another Bear Market. (As much as i want it to go to 10T quickly, it would make sense and healthy for the market to take its time and stabilize a little bit in order to sustain itself. I am against over manipulation or pump and dump schemes because it ruins the natural growth of the market which can drive away future investors).
BEAR -> On the Other Hand, Breaking down the support level may confirm a UTAD movement and can lead to lower levels to fulfill the distribution pattern. This can bring the whole market back down to 700B.
Ripple law suit settlement may play a BIG role as to where we are heading short term. A crypto regulation may be underway which can be good or bad. But this is what we all have been waiting for, a regulatory clarity! Regardless of the outcome, it will be the key to drive out bogus projects and scams in the crypto space.
In my opinion, the market is still very early and still has a lot to offer. People are now realizing the potential of cryptocurrency as a new asset class. Wether they believe it is the future, use it as a hedge from this unprecedented time or to just speculate and make money on the side. Regardless, more and more money is influxing into crypto and i believe that this is just the beginning!
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CryptoTotallMarketCap ($)_WeeklyCrypto Total Market Cap is moving forward the midline of the specified upward channel.
Right now it is on the correction to about 800-815 level.
After that we will see crypto market cap continue the upward trend to these targets in midterm:
Target I : 1500-1595 $
Target I : 1900-1915 $
It will be about the mid of March 2021, except in the increasing Intensity and acceleration of the upward trend; we will reach the mentioned target in a sooner time.
#2/5 TCAP The actual correction of the Total Crypto Market Cap is only healthy in a bull cycle. There always is a correction, never forget that guys !
That aside, the way it looks i think we'll see some accumulation in the next 2-3 days and after that we should see the next rally back up at 1100B$
also, this chart is on the 2h TF so this is should only be used for short term decisions *NO FINANCIAL ADVICE THO*
See yall Tomorrow !
650B Market Cap - Larger Picture 1.2T next??
We Are Looking At Crypto Market Cap On A Monthly Time Frame
Very Hard To Predict What Will The Crypto Market Will Do Next. But Have You Ever Thought Of The Whole Market Taking Over And Being In The Trillions? $$$
This Is Just My Perspective.. We May Have Mini Corrections But I Am Fixated On What Crypto Can Do In The Long Run!
Gradual Increase In Crypto Market Cap Is Very Healthy Unlike What We've Seen In 2017. This Is More Sustainable Backed By Real World Use Cases. The Next Parabolic Move Will Be Epic!!
CRYPTO SOLVES A LOT OF GLOBAL PROBLEMS AND THAT IS WHY WE NEED IT!
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CRYPTO MARKET CAP (Slowly But Surely) - 400B Imminent!Market Moving Slowly But Surely
BITCOIN Is Reclaiming It's Throne As A Market Leader, Gaining Market Dominance. Alts Are Being Poured Into Bitcoin Which Is Expected Based On Past Trends.. BUT I Expect Alts To Follow The Bitcoin Move (BTC Profit Taking Back To Alts).
When Alts Recover, I Expect MCAP Breaking 400B!
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Are ALT COINS more correlated to the USD than BITCOIN?I am not gonna run a deep analysis on this one as the chart is pretty self-explanatory. It is obvious that since the March market-wide liquidation, the Alt Coin Total Market Capitalization (black line) is more in sync with the USD (blue line) than Bitcoin is (orange line). The USD (represented by the DXY) is of course inverted on this study (1/DXY) in order to match the trend of the cryptos as it is negatively correlated.
So why do Alts follow the USD's movement more tightly than Bitcoin? Can it be that more speculative capital is inserted into the BTC market cap as a measure against inflation due to the rise of cheap money (M1 increase)? It certainly makes an interesting case. Alts seem to be more synced with Gold's trend than Bitcoin's (I didn't want to fit this on the chart, as it would have made it messier than it already is). So if alts act as Gold, does that mean that Bitcoin will rise even more as aggressive speculation on cheap money heightens?
What's your view on this?
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CRYPTO MARKETCAP TO 450B !! FRACTALS FROM SPRING 2019 PLAYING OUT
We Are Seeing The Same Pattern Bouncing Back On Support/Resistance Of An Up-Trending Channel.
TARGET: 450B MCAP
*Need To Break Above 363B (Current Resistance)
*Volume Indicates Stronger Buying, Most Likely From Institutional Investors
LET ME KNOW WHAT YOU THINK! 🧐
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````````````````````````````````````
⚠ DISCLAIMER:
Trading Involves High Risk! I Share My Trading Positions And Ideas With You For FREE
BUT Please Be Responsible For All Your Actions.
This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.