BITCOIN - the road map !We will explain the market situation and what is happening in the currencies in this post
And why you should not sell even at 80k or 120k
This is the most important post I will write and share with you. I will return to it in the future to prove to you the truth of what I am saying.
As you know, 67-71k have accumulated very heavily and all the bears have gathered there and formed massive supply areas
Therefore, market makers are emptying this area and absorbing the existing supply, so you see the currencies falling or not moving because the whales are withdrawing liquidity from the currencies and directing it to buy Bitcoin
Also, professional traders and smart money will not enter at resistances and supply areas. They are waiting for a breakout of 73k and confirmation to move
Therefore, you see this great stagnation in the market and on all alternative currencies
Of course, there is something called floating supply, meaning that Bitcoin will rise to 80-90-100 thousand, and there are still bears selling strongly.
After breaking 100 thousand, selling will stop, bears will surrender, and Bitcoin's Dominance will stop rising completely. It is expected to stop at 60-61%.
After that, we will see levels of 130k -140k, and a correction of approximately 20-28% will occur for Bitcoin, but not for currencies, because a violent collapse will begin to acquire Bitcoin's dominance and transfer liquidity from Bitcoin to currencies. After that, Bitcoin will begin to rebound and currencies will begin to explode.
It is normal to see every week double and double and explosions everywhere, and currencies within a few months will hit 10x-20x-30x-50x-100x for each currency and its performance and strength. Here we are in the end of the bull market and at the end of the ALT season.
And you must know intuitively that this is what happens now is positive behavior.
Because we know that explosions don't happen in currencies, madness, FOMO, and memes explosions except when Bitcoin is close to achieving a peak and we all saw the March peak...
in march peak Currencies in some sectors such as AI and memes rose from 3x to 50x so Imagine the if new ATH IN BTC then
BEST regards Ceciliones🎯
Marketcap
ZKSync: Poised for a Major Breakout in the Coming Cycle!ZKSync is rapidly positioning itself as one of the top Layer 2 solutions for Ethereum, offering scalability, lower fees, and faster transactions key ingredients for the next wave of blockchain adoption. As Ethereum’s congestion issues persist, Layer 2 protocols like ZKSync are becoming essential, and with its zero-knowledge rollups and strong utility, it is set to outperform many major coins.
In the coming cycle, I believe ZKSync has the potential for significant growth. With its solid technicals and increasing adoption, ZKSync is well-positioned to experience a breakout. Keep your eyes on this one it could be a top performer in the next market phase.
Altcoin Market Breaking Out: Bull-Flag!Altcoins have been steadily losing value against BTC ever since the March top. However, TOTAL3 (total marketcap minus BTC+ETH marketcap) has finally broken out of a 6-month bearish channel pattern, making it a successful bull-flag break out.
It's too early to call for a definitive continuation of the trend, but at least a major long-term pattern has changed as of this week.
For now, I'm hoping for a move towards the yellow line, being the 2024 top. With a BTC Dominance at 57.5%, it would most likely lead to a new BTC all-time high if the altcoin market reaches the 2024 top.
Potentially exciting times ahead!
CRYPTO MARKET CAP NEARS 200W MA! PRE-CRASH VIBES?Hello, fellow traders! Today, I'd like to share an intriguing analysis of the Crypto Total Market Cap chart, highlighting potential areas of reversal and target zones that could shape the market's direction in the coming months.
By examining different timeframes, I've discovered an interesting scenario unfolding on the weekly chart. The price action in 2024 appears to be forming a downward channel , reminiscent of a pattern we saw back in 2019 . This analysis could provide valuable insights for anticipating future market movements and identifying trading opportunities.
In 2019 , the crypto market experienced a significant advance in Q1 and Q2 before entering a declining channel. Many of us remember what happened next: Bitcoin started moving upwards, pulling the total market cap out of the channel. This movement coincided with the onset of the COVID-19 outbreak in China, leading to a failed rally . It wasn't until February 2020 that we witnessed signs of a market turning point, followed by a substantial crash during the global lockdown.
Fast forward to today, we're noticing similar patterns:
$2.5 Trillion Level: This level mirrors the failed rally point of 2020 and serves as a critical resistance area. A break above could signal bullish momentum.
$1.0 Trillion Level: This zone might act as a potential "surprise" support level in the event of unexpected market downturns.
Additionally, the 200-week moving average is acting as a significant support line. We might see the price spike below this average briefly during high volatility but expect it to recover above shortly after.
What are your thoughts on this setup? Do you think we're heading towards a failed rally similar to 2019, or are we on the brink of setting new all-time highs? Could external factors influence the market as they did back then? Share your insights and let's discuss!
Remember, the crypto market is highly unpredictable. Protecting your capital through proper risk management is crucial. A fundamental strategy is to risk no more than 1% of your capital per trade.
If you found this analysis helpful, please like and follow for more in-depth market insights. Stay tuned for future posts where we'll explore emerging trends and potential trading strategies. Happy trading!
Understanding Crypto Market CapHello, Traders!
Navigating the cryptocurrency market can be a thrilling ride 🎢, but it's also a maze of data and trends. One crucial metric that helps guide investors through this complexity is Market Capitalization or MCAP. So, if you’ve ever wondered how to make sense of all the numbers and signals, understanding the cryptocurrency market cap is a great place to start. 👇🏻
What Is Market Cap in Crypto?
What does Market Cap mean in crypto?Market Capitalization (MCAP) estimates the total value of a cryptocurrency asset or the entire cryptocurrency market. It’s not just about a single price tag. Think of it as a way to gauge a coin’s overall market presence and potential.
How Is Market Capitalization Calculated?
The formula for calculating MCAP is straightforward: MCAP = Current Price × Number of Tokens in Circulation.
For instance, if Bitcoin (BTC) is priced at $70,500 and there are 19,666,425 BTC in circulation, the MCAP would be 70,500 × 19,666,425 = $1,386,482,962,500
But there’s also the Fully Diluted Valuation (FDV), which assumes all possible coins are in circulation. For Bitcoin, with a maximum supply of 21 million BTC, the FDV calculation would be 70,500 × 21,000,000 = $1,480,500,000,000
Why Is Market Cap Important in Crypto?
MCAP is more than just a number! It reflects a cryptocurrency’s stability, market position, and growth potential.
Stability: High MCAP cryptocurrencies are like large ships—they handle market waves more smoothly 🌊, tend to be less volatile, and offer more stability.
Growth Potential : While large-cap cryptos are stable, small-cap ones offer high-growth opportunities. It’s all about balancing risk ⚖️reward. So, make sure to DYOR first.
Liquidity: Assets with large MCAPs usually have higher liquidity, meaning they can be traded easily without affecting their price too much.
Categories of Cryptocurrencies by Market Cap
Small-Cap Cryptos: These are typically newer or lesser-known coins/tokens with market caps ranging from a few million to a few billion dollars. They can be highly volatile and risky but offer growth potential.
Mid-Cap Cryptos: These have market caps between a few billion and tens of billions of dollars. They provide a balance between risk and growth potential.
Large-Cap Cryptos: These are well-established assets with market values in the tens of billions. They are more stable and widely accepted. Examples include Bitcoin (BTC) and Ethereum (ETH).
Factors Affecting Market Capitalization
MCAP isn’t static. Various factors influence it:
Tokenomics: A coin's supply and demand dynamics affect its MCAP. Limited supply with growing demand can drive up prices.
Regulation: Legal developments can impact market cap, either boosting or dampening investor interest.
Market Sentiment: Investor mood, reflected in metrics like the Fear and Greed Index, can influence market cap fluctuations.
Technological Advances: Innovations in blockchain technology and new applications can boost a coin’s market cap.
Conclusion
Market Capitalization (MCAP) is a key metric for evaluating a cryptocurrency's value and stability, yet it is only one piece of a broader analytical puzzle. While MCAP provides crucial insights into a cryptocurrency's market position, it should not be the exclusive factor guiding your investment decisions. For a more detailed analysis, consider implementing additional indicators such as Volume and Circulating Supply, which are available on analytical platforms.
TOTAL CRYPTO MARKETCAP CUP & HANDLE FORMATION!The massive cup & handle formation currently forming the handle in the Total Crypto Market cap is stunning. When this plays out, it's going to create more millionaires than kung fu circus.
There will be a massive liquidity grab previous to the bottom, and this will be followed by an incredible breakout over the coming months.
Soon!
Altcoins Can Drop Another 75% - Worst Case Scenario!In this analysis I want to talk about a long-term parallel channel on TOTAL3, which is the total marketcap of all altcoins.
Preface: before everyone gets offended etc, this is not my most likely scenario. Big chance that this pattern won't play out. Nevertheless, it's important to consider different market outcomes. Trading consists of IF>THEN decisions. Ask yourself, if the market drops another 75% from here, what will you do?
Now into the analysis.
The parallel channel is constructed from the top resistance and anchoring that resistance to the 2020 covid dump.
As seen on the chart, alts lost over 92% of their value in the 2018 cycle. Currently, alts have lost 75% of their worth during the last cycle. If alts were to go down towards the bottom yellow support, they could lose around 85%-88% (depends on time) value.
In other words, if this worst case scenario were to play out, alts could lose 70%-7% of their CURRENT value.
Is this pattern likely? No. Should you prepare for it? Yes. Keep it simple, assume that the bottom support area is a great long-term entry point and can function as a bear-market bottom in case we go down further.
There is definitely some risk of a recession as per my last yield-curve analysis. Furthermore, the SAHM Rule Recession indicator (google it) signals that a recession is coming. If the stock markets would go down like in 2001 and 2007, we're in for a wild ride in crypto.
Happy to hear your thoughts.
TOTAL2 - Altcoin marketcap is reversing#TOTAL2 #Analysis
Description
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The altcoin market cap experienced a significant drop from $1.2 trillion to $845 billion, and the current chart indicates that it is hovering around the support zone. This drop was anticipated following a substantial increase from $500 billion to $1.2 trillion, representing a more than 100% surge in the overall altcoin market cap. It is expected that the overall altcoin market cap will rebound from this support zone, with the next target being $1.7 trillion.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
TOTAL - An Overview on the crypto marketcap#TOTAL #Analysis
Description
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+ After a clear bounce from the support, another drop is occurring, which is normal.
+ We also have a strong support line that is providing significant support.
+ As long as the market cap remains above the horizontal and trendline support, there is hope for an upcoming bullish market.
+ A breakdown from this support zone could lead to further declines in the market.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Crypto Altcoin market cap - daily chart viewTOTAL3, which measures the market cap of all cryptocurrencies except Bitcoin and Ethereum, is currently sitting at a crucial support level. This is the third time it has tested this zone, making the next few weeks critical for the future of altcoins.
For any chance of an altcoin recovery or the start of an alt season, a strong reversal is needed. If TOTAL3 can bounce back from this level, it could spark new interest and momentum in the altcoin market. However, if it breaks down further, we could see more weakness across the board.
I'm hopeful that we'll see a reversal in the coming weeks, which could reignite the altcoin market.
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Cheers
GreenCrypto
TOTAL3 - Total Altcoin marketcap | Headed in the right direction
Altcoin marketcap is currently trading inside the channel and it's been inside the channel since 2024 with market cap reaching the peak in first quarter of 2024
Currently the marketcap is around the resistance line and expected to break out from the resistance zone.
we can expect a clear bullish confirmation after the price breaks the $750B barrier.
By the end of 2024 i'm expecting the altcoin marketcap to reach 1T
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Cheers
GreenCrypto
Current Bitcoin narrativesGood:
It's still bitcoin. 1 BTC = 1 BTC
BTC ETF on-ramp.
Inflation is continuing to be real shit for most countries around the world. Bitcoin was designed as a hedge to inflation.
ETH ETF lends credit to cryptocurrency as a whole.
ETH ETF may have staking rewards in Hong Kong.
USA inflation and employment/pay are trending downward, and the Federal Reserve is considering reducing interest rates in response.
Donald Trump is presenting as a cryptocurrency friendly candidate for USA presidency.
Bad:
Bitcoin mining centralization (due to prohibitive costs and some companies just simply being better) is a growing problem that has not been resolved yet. Censorship is a threat. Mining rewards not yet withdrawn are a warchest waiting to be dumped to protect the mining companies in case of price depreciation instead of appreciation first. Similar to how Luna had a warchest of bitcoin as a reserve, waiting to be dumped to preserve the peg.
Ethereum's inflation has been increasing since the Dencun fork due to reduced fees and L2s taking a share of transactions. Reducing Ethereuem block rewards would reduce inflation or induce deflation for the nodes...that just hold Ether...to make more Ether...because it's...in their interest...to make the network be good...?...still, Ethereum inflation has been significantly lower since PoS.
Mt. Gox is in the news again. Remember when the trustee repeatedly market sold in 2018 and at first nobody believed he would actually do that?
ETH ETF is tomorrow, so being bearish here has a nice and short timeframe for invalidation. My 1 month bias is chop high 50k to mid 60k, with invalidation at 70001. Without invalidation, price should test support under 50k. I don't think expressing a bearish bias makes sense in ETH or SOL due to ETH having an ETF and SOL having a casino. With invalidation, meme coin holdings should cover any bullish scenario...
Further reading:
Spot bitcoin ETF net flow: www.theblock.co
Eth staking HK ETF: www.dlnews.com
USA interest rate cut: www.bloomberg.com
www.reuters.com
(this one's not a positive) www.axios.com
Donald Trump and cryptocurrency: www.bloomberg.com
Bitcoin miner centralization:
cointelegraph.com
www.tftc.io
decrypt.co
ocean.xyz
Ethereum supply: cointelegraph.com
China interest rate cuts: www.reuters.com
Mt. Gox: cointelegraph.com
cointelegraph.com
Other minor narratives:
Crypto Total Market Cap: Approaching Key Support - Will It Hold?#ETH/USDT #Analysis
Description
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+ The chart shows the total crypto market cap trading within a descending channel, suggesting a bearish trend in the broader market. The marketcap has recently dropped sharply, approaching the lower boundary of the channel, which aligns with a key horizontal support level around $2.09T.
+ The 21-Day EMA ($2.227T) and 55-Day EMA ($2.279T) are sloping downward, indicating bearish momentum. The marketcap is currently trading below these EMAs, reinforcing the overall bearish sentiment.
+ The critical support level at $2.09T is being tested. If this level holds, it could serve as a base for a potential bounce back towards the upper channel line and the EMAs. However, a break below this support could lead to further declines, potentially towards the psychological level of $2.00T or lower.
+ The RSI is currently in bearish territory, around 33, indicating that the market is oversold but could still move lower.
+ If the total market cap holds above the $2.09T support level and breaks back above the 21 EMA, we could see a short-term relief rally. Key resistance levels to watch are the 21 EMA ($2.227T) and the upper boundary of the descending channel.
Bullish Scenario:
If the total market cap holds above the $2.09T support level and breaks back above the 21 EMA, we could see a short-term relief rally. Key resistance levels to watch are the 21 EMA ($2.227T) and the upper boundary of the descending channel.
Bearish Scenario:
A break below the $2.09T support level could trigger further selling pressure, with the next key support levels around $2.00T and the lower boundary of the descending channel. This would confirm the continuation of the bearish trend.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Crypto Altcoin Marketcap Altcoins have not been preforming well over the last few months.
They have been consolidating in a downward wedge. It is time for altcoins to takeoff to new all time highs.
If altcoins breakout of this wedge than we can see a big move to the upside over the next 8-12 months.
Crypto Market going into a Downtrend or Re-testing Resistance? What's up guys! We are experiencing a huge shake up in the Crypto Market atm. Specially with the BTC sell off, alts really took a hit! Some even regressed so much that all the gains startig this year were lost at this point.
The question is, do you have a plan of action? Well, I do!! Let me share two possible scenarios.
1) On the Weekly and Monthly timeframes we are at a resistance area where you are expected to take profits and sell accordingly to secure gains, unless you're a breakout trader, then that's another story. Having said this, on the Daily chart it is re-testing a support zone that could possibly turn into resistance, and if that happens, then we'll go short. Once it finishes the re-test and it's successful, we can aim to short at the next demand zone. If you go to weekly TF you'll see it even clearer. The zone is marked with the BUY icon over the green rectangle. Once you get to the zone, it's an awesome area to BUY!
2) Price could totally bounce from here and get back into the range. We'll need to wait for the breakout of the downward trendline along with volume. We can't aim too high here since we have a roof kind of close. I marked here with the Sell icon the zone that I believe is going to drive selling pressure or some kind of heavy reaction. So we can take profits there in the short term. Monitor closely these key levels, as they have extra added confluences from the past.
I hope you found this article helpful. Don't forget to boost and follow 👽
Tip of the Day: Manage your risks, set targets in advance, and read the news!
As always, keep it Shiny ⚛️
Kina, The Girly Trader
CryptoCap - BTC - Bitcoin Idea IIhey guys,
the yearly chart is bullish - main target was the recent ATH at 1.3T.
Quarterly Chart: After the break of the 1.3T Line theres a close below it
-> leaving a bit of doubt about imminent bullish progression or a potential double top forming here. The Inside bar is giving a warning of a possible reversal.
Monthly Chart: Although the demand Line is still intact there is a little divergence on the stochastic
-> there is weakness of 3 months not being able to penetrate highs - but going into a Consolidation.
-> BTC is testing a bullish trendline which, ones it has been broken by a close of the monthly candle, could provide a bearish setup and a possible double top scenario being in place.
I will wait for a break of the Consolidation to think about entering a trade.
Thanks for reading…
Future forecast with fractal pattern detectionTake this as a representation of entire market structure
On the first pannel, you can see 4 boxes
The bigger ones A+B (green continuous period) are a perfect representation of the smaller ones A+B (green dotted period)
They are fractaly similar
So, we will take the small pattern period to reveal what will happen with the bigger period
And that is what we see on the 2nd pannel: the blue line on the 2nd chart is the exact pattern of the small period, but plotted over its bigger counterpart
Hold tight, because it will be a great ride!