My total market cap price predictionJust some guessing here based on some Fibonacci lines. But if my predictions come out, then we'll have a 4 Trillion total crypto market cap around may 2025.
This could also be the top of the next bull market and a huge opprtunity to lock in profits.
For the short term I expect a pullback to the last major support. But after that...
Market-cap
Total Market Cap Total market cap was again rejected from the solid horizontal resistance, and now trading above the horizontal support.
A bounce is expected from the current support. We could expect a sideways movement between the marked support and resistance zone until a solid breakout or breakdown happens.
Total Double BottomThe total market cap has double bottomed on the daily reflecting a possible change in long term trend. Currently the index is within a falling wedge and will probably breakout upward.
The RSI paints heavy bullish divergence and is uptrending.
Upward break of falling wedge will raise the market cap to 1.05 trillion.
Arrows indicate possible target if bull trend is maintained.
A real double bottom will bring the index to 2 trillion, the same level as the start of April. The price of BTC at the start of April was 48.5k.
Total Market cap technically still weakMarket cap keeps getting rejected by the 4H 200 ema, below the 21 weekly ema. Consolidating in a distorted descending triangle wedged in the volume profile gap.
RSI in a triangle, while CCI is more bearish below a descending trendline.
A breakdown of the triangle will shave off 500 billion from the market.
TOTAL market cap set to drop furtherBeing rejected by the 21 weekly EMA and the descending trendline that it failed to breakout from. Failed inverted Head and Shoulders. Below the 4H 200ema. Below previous range support and penetrating longterm support. The 1 trend Fib extension is confluent with the 3.618 indicating a possible target.
Breakdown of the RSI and CCI trendlines. RSI has plenty of room to spare down and CCI seems that it will be stuck in oversold.
Price action is mirroring August to November 9th's price action but upside down. I flipped the price action where price found support at the 21 weekly EMA, on the 30th of September, pasted it to where currently price was rejected by the 21 weekly EMA.
Drop in the market might be delayed with a bounce of current support, but overall price action is bearish and has failed to flip bullish.
MARKET CAP OTHERS DOMINANCEIt will be useful to follow altcoin dominance while following the price movements. Descending wedge is broken and the dominance clings to the support. Its rise to green striped levels will show itself as an increase in altcoin prices.
Altcoin fiyat hareketlerini takip ederken dominance da takip etmek faydalı olacaktır. Altcoin dominance düşen kama kırılmış ve destek üzerinde tutunmuş gözüküyor. Sırası ile yeşil çizgili seviyelere yükselmesi, altcoin fiyatlarında da yükseliş olacak kendini gösterecektir.
BTC.D casual lookGiven the growing demand and the ever-growing altcoin market, we could regain some luster for bitcoin to the order of 79k - 120k. Then this will allow us to have a huge alt season that will bring all the useful altcoins into the traditional markets and the crypto market will no longer be seen as the one in the dark zone. (This will all play out if we get a TOTAL cap of the order of $3.5 - $5 trillions
TOTAL (crypto market cap) - Support, Resistance, Trend - OctoberTOTAL index has been in a short-term daily uptrend since October 2021.
The price has currently rejected down from the horizontal resistance (top yellow box). A double-top price pattern has also formed in the price (september 6th and october 9th).
Bearish scenario: price falls below $2.24T, $2.14T down to $2.00T.
Bullish scenario: price breaks above $2.4T and continues up past $2.5T, $2.6T.
Resistance(s): $2.35T, $2.40T, $2.48T, $2.50T, $2.53T, $2.60T.
Support(s): $2.24T, $2.14T, $2.00T, $1.94T, $1.80T, $1.65T.
Total Crypto Market Cap 1 Year ProjectionIf you follow me by now you know I like to play around with fib circles. Not a big fan of fractals, but this one fits pretty well, so I thought why not share it.
With or without the fractal crypto does look setup for a big pump coming into end of year, which could perhaps continue into next year as well.
You can also see the channel which is pretty well respected and how close we are to the bottom of it now.
What do you think?
Crypto about to make 2x by end of 2021 hitting the 5T market cap or dong 13x hitting 30T by end of 2023?
TOTAL3 Cup and Handle FormingImportant things to note:
The basing pattern can been see in a lot of different altcoins depending on their release.
There is a strong basing pattern followed by the formation of a handle.
I have created the target if the pattern completes.
Target is depth of cup added to the top of the cup.
543 + 922 = 1456
This target will represent the boom of altcoins during the rest of the bull cycle.
Market cap will likely be higher than this when the dust settles.
So, I decided to take a break from ADA today since I have said everything that needs to be said at the moment and we are just waiting. What I wanted you to look at was the market cap of the total3 which includes all altcoins except BTC and ETH. If you have any worries of where the market is going, just take a look at the pattern forming at the moment. We have a strong basing pattern (which has been seen in many altcoins) followed by the handle which is forming now). Personally, I do not expect this pattern to break to the downside. BTC has reversed its bearish trend and is back to bullish. I have created the target you see by adding the depth of the cup to the top of the cup which gives us a target of 1456. This altcoin boom will be represented in the rest of our bull cycle. I think the biggest runs will line up with the approval of the 4 BTC ETFs with deadlines of Nov. 21, Dec. 8, Dec. 11 and Dec. 24. Some people (like PlanB) have suggested the bull run might go a bit longer than originally thought, (at least 6 months). I don't know anyone better at predicting long term trends using stock to flow modelling than PlanB. Anyways, I hope you all sit back and enjoy the fireworks. Smaller altcoins will likely run 10X or more, and larger ones can see a 3-4X run in my opinion. We will see how this goes! Thanks again for the support everyone!
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
ARDR-ARDOR $0.3867 - RANK #156 Underestimated-UP 12% Last 24hrsHi ALL, MY FIRST POST.
I have been watching this coin for the past month, and traded it myself with some good potential. ARDOR ARDR))))))))
PRICE TODAY $0.384774 USD with a 24-hour trading volume of $83,900,317 USD
Ardor is up 12.69% in the last 24 hours
ranking is #156
live market cap of $384,389,289 USD. It has a circulating supply of 998,999,495 ARDR coins and a max. supply of 998,999,495 ARDR coins.
Please, let me know if you thing this is a good and undervalued coin to trade and if you have any thoughts on my T.A.
Cheers! :)
Our BTC recap from early 2018...Bitcoin early 2018 - $8,460 P/C - See image below of prior analysis over 3 years ago:
ibb.co
After many years of btc demanding all of the attention from many investment sources, it is now becoming a legalised form of legal tender in many countries now.
With still a relatively short supply of 18,660,000 B, it is possible to correct ate some studies leading the price to over $100k per coin over the coming years.
Bitcoin market dominance in 2021If we follow the percentage drop in market dominance for Bitcoin from 2016 halving to the current 2020 halving we see Bitcoin possibly hitting a low % dominance of 25 plus. Notice that the previous all-time low in dominance for Bitcoin was around 36% of the total market cap.
Link to $500 in October 2021But first a very significant dip. I noticed a 5 wave fractal that repeats before each major pump. The January and February pumps fooled everybody to think it is the big pump, but as evident from the BTC pair it is not, it is just an overextended 4th wave of this fractal, and this why on the lower time frames the price action is choppy and not strongly parabolic.
The fractal I am talking about is not an EW wave, it is just 5 waves that are shaped similarly.
The $500 target is a rough estimate that assumes that the market cap will test the channel resistance at 236 billion, but it can just reach the midline at 38 billion and get rejected again. 236 billion is extrapolated to be roughly $500 per link coin.
In summary, link will dump significantly then pump significantly.