Marketcap
ADAUSDTADA
A lot of people do not like Cardano because they expected massive growth in 2021. I hear number like higher then 5 or 10 usd and much more. You need to know that Cardano cap. is astronomic $44,609,975,800. It´s fact.
-60% was a good and health correction. Now we are in the falling flag. Cardano win the fight in the yellow elipse, so looks ready for recovery mode. In next weeks I expect test of higher red resistance (around 1.9 usd). If Cardano and whole market fail, we will go on the lower support around 1 usd.
LBL_CZ
CRYPTO TOTAL MARKET CAP TECHNICAL ANALYSISSee the total crypto market cap, which is 2.22% higher than yesterday. This number same as April 2021. What is the next then?
The candles are moving between those 2 down trend-line. If Crypto total market cap will not go down lower than $1.925T, market cap may get approximately 12% higher than today. Risk/reward Ratio approximately 1.09. We haven't get any signal(s) from our robo advisor @EngineeringRobo yet.
We need to follow our chart closely.
"NFA"
Where is the crypto market standing right now?The total market cap has fallen below the 300 DMA after more than 19 months of trading above it. In 2021 it touched it twice and bounced, but this time there was no bounce. It also slightly dipped below the Yearly P and swept the early December low, but the response to getting to these key levels has been underwhelming to say the least.
Both BTC and ETH have hit major support levels and they both done what in my opinion would be best before continuing higher, yet I see no strength. Most people are just talking about bearish at support, yet that's all I see. For weeks now most have been bullish and talking about how we will get no bear market for years, how high inflation is good for crypto and overall just rejecting any bearish factor from their analysis. Just a week ago I saw a poll with about 2.5-3k participants that asked at 46k, whether people thought 60k or 30k was next. The results were like 65/35 and that perfectly matched with the long short ratio on most exchanges which was higher than 2:1.
To be clear I am not a long term bear, but I do take into account several factors and mostly the fact that the Fed wants to raise rates and reduce its balance sheet in a slowing economy. My view is that the global economy is in a terrible shape even if Omicron could be what puts an end to this pandemic. So the Fed being aggressive when most of the inflation hasn't occurred due to 'money printing', isn't great. They have to be hawkish at this time because markets are way overbought and people are angry at inflation. They need to act as if they have the situation under control.
Stocks were up 40% from their Feb 2020 highs and are now down 4%, but could easily have another 5-8% down from here before bottoming, so crypto could also have some extra downside from here. If they drop more, crypto could suffer even more... but for now I don't think they will drop more than 5-8% in the next few weeks. Eventually I do see SPX trading at 4000, but not yet. For now the crypto market seems strong, especially altcoins relative to Bitcoin, but I can see the market drop to 1.6-1.7T and then to 1.1T if there is a major crash. That even would have to be a liquidity event, something like March 2020 and wouldn't last long.
The truth is that the market is already oversold and there is a lot of liquidity in the market at the moment. With 165B of stablecoins in circulation, the market is currently is just 10-20% more expensive compared to what it was at 29k in July. Many on and off chain indicators are already telling us these are good levels to buy, but the best area to buy is 24-27k for BTC and potentially 1.1T for the total Mcap. Of course many catalysts could lead into that crash, from something due to the Fed, regulators or Covid, or simply people panic selling as people realize we won't moon in the next few weeks.
After that I believe the bull market will resume. In my opinion if too many bad things start occurring and nothing positive starts to occur, then yes this could turn into a proper bear market... but for now I think no matter what happens things will quickly change to the better and the bull will resume.
Altcoins Session is coming soon .?#BITCOIN Dominance update:-
#Dominance currently trading 39.77%
As per chart dominance already broke down the support level.
Still trading below support 40.30%
Guys below $40.30% we can see big Altcoins sessions.
But if Break 41% Resistance that’s mean Exit time from Altcoin.
First 37% support level then 35%
But Above 42.50% Strictly Exit from Altcoins because after 42.50% Altcoins blood bath.
In Simple Language:-
Below 40.40% = Altcoins Bullish
Above $40.40% = Altcoins Bearish
CAKECAKE
CAKE is also after huge and health correction. Price is in the small
yellow acummulation rectangle. If the CAKE want be able to do something - he should react on market at the current moment. So going up soon.
If CAKE and market fail we will see CAKE back in the green support.
But looks bullish.
LBL_CZ
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.
Total Market Cap of Cryptocurrencies. Read this article before buying cryptocurrencies.
The use of indexes is very common among stock’s traders and investors as most of the stocks rise and fall correlatively. Similar conditions exist in the cryptocurrency market too!
Most of the times, just about 100 days before BTC halving, prone-to-growth and fundamentally valuable cryptocurrencies begin to grow rapidly.
For instance FTM, ADA, SOL, ETH and so many other cryptocurrencies you must know better than me started to grow before previous halving of Bitcoin, while they are not technically related to BTC at all!
Bitcoin is a tradable assess and may have the possibility to be used as a money transfer tool, but it’s able to play role as an index for other cryptocurrencies which are able to be much profitable than BTC itself. For example FTM rise more than 12000% in 2021, simultaneously BTC grow up only for 65%!
There are so many traders who take a look to BTC chart before buying a crypto but change of BTC dominance is the best witness that BTC is not the best Index.
May be we could use Crypto total market cap as an alternative.
In analysis of TOTAL (Crypto total market cap) an almost strong resistance could be seen in around +30 or +40 percent from current market cap!
Price reacted to the line for 2 times recently and the main strong support is so far away from current situation. It’s a bad news!
The other bad news is that there are about 817 days to the next halving. Most of the times market cap decreases in this period since the supply of bitcoins is high during this time and the bulls will face a difficult battle to win and, as I mentioned earlier, it affects other cryptocurrencies as well.
But the good news is the great resistance can be seen in 0 point of my self-made indicator, Middle Line Confirmations (MLC), which I will publish soon, that is a good sign that the possible correction will not be severe. I think it’s a good time to buy good crypto currencies regarding their Reward to Risk ratio and fundamental analysis which differ from one to another since we hopefully will not be in a long-term correction.
But if we lose the support of 1.581T there may be severe correction that will last about 700 days from now. If that happen the green support line will be broken and we may touch the lower white dotted line between 500B to 700B, since this line is parallel in logarithmic scale with the red resistance line.
Analysis of MLC (middle line confirmations):
April 2019, 0 line of indicator was broken sharply and it led to a 122% grow.
August 2019, line 0 break was associated with resistance and market cap moved just for 35% down!
The next hard break was accompanied by a short move, this time 0 line broken up which it led to 22% growth!
April 2020,0 line broken with ease again and the result is another big move. This time more than 1000%!
Next time again a break with resistance could be seen and the correction limited to 54%
Next break which is an easy one do again end to an almost big move.
If there will be a broken 0 line again here it is perfectly accompanied with great resistance, so there might be powerful buyers who believe these prices of cryptocurrencies are discounts.
Do your own research before buying any assess.
Don’t forget of money management and risk management.
Don’t forget that cryptocurrencies are so volatile.
Regards, Ali
TOTAL - Keep An Eye on TOTAL!I usually keep an eye on TOTAL to get a feeling about the overall crypto market bias. Just like I keep an eye on DXY when it comes to Forex.
From a long-term perspective , the WEEKLY chart on the right, we all agree that we are still overall bullish.
Technically we are trading inside that big brown channel, and we are currently in a correction phase after rejecting the upper bound / brown trendline and 3T round number.
From a medium-term perspective, the DAILY chart on the left, we had a classic higher high, followed by a lower high, and then a break of the previous low. A classic market structure pattern, known as Head&Shoulders.
After breaking below the head and shoulders neckline, marked in gray, the bears took over and TOTAL started trading inside the red channel, making lower highs and lower lows.
That being said, we know that we are overall bearish, but what are the possible scenarios?
Scenario 1: Projection in Purple
A movement till the lower bound / brown trendline and green support zone is expected before the bulls take over by breaking above the red channel.
Scenario 2: Projection in Blue
A sudden shift in momentum, by an aggressive movement from here to break above the gray zone again, invalidating the red channel, signaling that the bulls are taking full control again.
Which scenario do you think is more likely to happen? and Why?
All Strategies Are Good; If Managed Properly!
~Rich
$ETH MARKET CAP ETH DOMINANCEETH dominance, which is important and leading for altcoins, rose to 22.30% and made throwback to 20% level. Now I expect ETH dominance to rise up to 25% and with this rise, ETH and other altcoin prices will react upwards in the coming period.
Altcoinler için önem taşıyan ve liderlik eden ETH hakimiyeti 22,30% lere yükselip yaptığı geri çekilme ile 20% seviyesine geriledi. Bu geri çekilme sonrası ETH hakimiyetinin 25% seviyelerine kadar yükselmesini ve bu yükselme ile önümüzdeki dönemde ETH ve diğer alt coin fiyatlarının yukarı yönlü tepkiler vermesini bekliyorum.
Bitcoin and Altcoins technical analysis.Hello everyone, welcome back.
last few days been great days for traders, bulls been taking over the market and we saw some great pumps on different coins, lets checkout bitcoin to see whats going on here
Bitcoin managed to break the downtrend channel, failing to go further down from 46k and with a breakout and pull back to 48k level, we saw a great bullish move helping us toward reaching the 50k level.
checking out the daily chart candle by candle you could see that we have a good momentum right now, meaning that this move is going to last for now.
*use the chart above for major support and resistances level.*
Now currently bitcoin is forming a trading range between 50.4k and 51.4k, meaning that its gonna be here for a while. after that I expect a breakout causing the price rise to 53k level.
Now lets take a look at BTC.D chart and see whats going on.
as you can see BTC.D is at the bottom right now and candles are looking weak meaning that we are probably going to go back up. a simple rule about BTC.D is that when Total market cap is rising and BTC.D is going down or staying down, this means that Altcoins are going to go up, why ? its simple because the money that is entering the market is not spent on BTC, so its spent on other coins. now what happens when BTC.D goes up?
well simply, money is taken out of alt coins and spent more on BTC, causing btc price to go up and alt/btc pairs to suffer.
now should we sell our altcoins and buy btc? not exactly, there might be some good alt coins going further up based on their fundamentals or technical and again BTC.D going up usually effects the Altcoin/BTC pair as Bitcoin gains more worth than the alt coins in this period.
For long term and mid term, everything looks good, there is a good potential for another big bull run, some alt coins are going to go 2x - 5x and bitcoin is going toward ATH.
*Keep in mind this is not a financial advice*
Market Cap (BTC.D + USDT.D + USDT + USDC) - December 17Hello?
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(Market Cap 1D Chart)
(USDT Dominance (USDT.D) 1D Chart)
(Full: )
On the BTC.D and USDT.D charts, the trading volume (???) that occurred on December 14 is the largest ever.
The figures showing the trading volume are indicated as having generated more than 20T.
It can be seen that there has been a movement to defend the price.
We see gaps in the Dominance Chart, USDT Chart and USDC Chart as a signal that new funds have entered the coin market.
When USDT Dominance (USDT.D) goes down, the coin market shows an upward trend.
Accordingly, it is necessary to confirm whether the coin market will show an upward trend as it receives resistance in the 3.5-3.746 section and falls below the 3.374 point.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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TOTAL - Tells The Whole Story!I usually keep an eye on TOTAL to get a feeling about the overall crypto market bias. Just like I keep an eye on DXY when it comes to Forex.
From a long-term perspective, the WEEKLY chart on the right, we all agree that we are still overall bullish.
Technically we are trading inside that big brown channel, and we are currently in a correction phase after rejecting the upper bound / brown trendline and 3T round number.
From a medium-term perspective, the DAILY chart on the left, we had a classic higher high, followed by a lower high, and then a break of the previous low. A classic market structure pattern, known as Head&Shoulders.
After breaking below the head and shoulders neckline, marked in gray, the bears took over and TOTAL started trading inside the red channel, making lower highs and lower lows.
That being said, we know that we are overall bearish, but what are the possible scenarios?
Scenario 1: Projection in Purple
A movement till the lower bound / brown trendline and green support zone is expected before the bulls take over by breaking above the red channel.
Scenario 2: Projection in Blue
A sudden shift in momentum, by an aggressive movement from here to break above the gray zone again, invalidating the red channel, signaling that the bulls are taking full control again.
Which scenario do you think is more likely to happen? and Why?
All Strategies Are Good; If Managed Properly!
~Rich