🔥 Total Market Cap Forming A Massive Cup & HandleAfter almost hitting the all time high earlier in September, we saw a strong decline in market cap during September.
With bullish sentiment returning to the market, we might soon see the completion of a massive cup and handle pattern in the total market cap of crypto.
For October, my target lies at a 3T market cap, which is a mere +36% from the current value. In case we get a major parabolic move in the coming weeks, we could even get as far as 5T in November.
Generally, I'm very bullish on crypto for the coming months. Q4 is historically a very good period for crypto, so I'm expecting this cup and handle pattern to play out in the bulls' favor.
Marketcap
Crypto Market Cap - Study ReviewA review of my previous study on the Total Crypto Market Cap and as this bull market enters its closing phases, I see little need to adjust the projection. However, of the three levels identified, the middle value of $7.1T is the more likely for a range of reasons, but suffice to say because it is neither too bold nor too meek.
BTC/USDBitcoin (BTC) shot to nearly $48,000 during Oct. 1 as a classic “short squeeze”
Liquidated over $270 million of crypto positions in under an hour.
What do you think for the next Pull out?
Total Crypto Market CapThe total cap is also trading between the support and resistance. So far Total marketcap is holding the major support. This is key level for the market and if $1.7 trillion support broken then we see huge sell-off. Also BTC is holding $40,000 so far. Market will turn bullish after total marketcap hold above $2 trillion.
Total Crypto Market Cap - UpdateThe total market cap break the resistance of $2 trillion resistance and now trading above it. Total marketcap need to hold above $2 trillion to remain bullish. The next resistance is $2.2 - $2.25 trillion area and major resistance is $2.5 trillion level. The first support is $2 trillion and $1.7 level.
Total Crypto MC - Max Pain IdeaFirst post here. This is just showing what could happen as a possible max pain idea for this bull run. If BTC drops down to that .618 fib and coincide with the falling wedge , I think we will have an absolute bottom there as I'd imagine MM's will be ready to pump the market and make their killing from the inflush of new retailers looking to get in onto the crypto action.
Just a theory. Not Financial advice.
BTC/USDT $BTC DUMP COMING!Bitcoin repeated its pattern.This is the first time that Bitcoin has behaved like in the past.We will have strong support in the Fibo area of 0.618, which is priced at 38,300.As Ichimoku looks, the red cumo cloud has opened The current price comes out of the green cloud.Bitcoin has also lost its Moving 200.This is also not good for bitcoin .You will have a good opportunity to buy, wait a while
Crypto market in a pickle!On weekly chart we can spot a double bottom, negative divergence plus the rsi downtrend. They are not good signs of course and with this and the Bitcoin and ethereum charts, I dont see a good future for crypto market at least now.
Hope im wrong, so lets see what happens next in long term charts.
Total Crypto Market CapThe total crypto marketcap is now trying to break and hold above $2 trillion area.
If total marketcap hold above this area then we see an upward movement towards $2.20 trillion resistance level.
The major support remains the same. We may see some sideways movement between the major support and resistance levels.
CRYPTO MARKET CAP - ALTUS.FINANCE⚡️MARKET CAP
👉 Drawing a Fibonacci retracement from the market cap's high this month to the low of this month reveals that we are in the process of forming somewhat of an inverse head and shoulders pattern.
👉 We must not ape in to any trades but wait for further confirmation that the bull run is not yet over. The entire space could see a large injection of money within the next couple weeks. Taking us op to back over 2T.
👉 Just 20 Minutes remain till the close of this 4H trading candle. We need to consolidate over the 0.236 Fibonacci level in hopes of an overall green sentiment amongst market participants for the rest of this week.
MRPH Squeezed between 200MAsThis could go either way but look how it gets squeezed and compressed between the 200MAs (red / green) on the daily chart.
And they get narrower and narrower as the pressure is building up.
Lets see where this goes.
Will Crypto Total Market Reach to $30 Trillion USD ..?Crypto Total MarketCap Chart Analysis:-
Total crypto market cap still above $2T
What we can expect in near future..?
IMO we can hit $3T MarketCap by EOY or first Quarter '22. And that will be the perfect time to book profit in altcoins and Cryptocurrencies.
Once after Reaching $3T USD we can see big Movement toward $360 Billion USD, Due to profit booking and cashout from Big whales from crypto’s.
My last support will be $360 Billion USD and this will be perfect level for Entry in potential Altcoins.
Once After hit this Lower last support $360B, We can see strong bounce back and We can see $30 Trillion USD MarketCap of CryptoCurrency.
But as good things take time, it can also take time, so your patience will definitely reward you.
Support:- $360B USD
Resistance:- $2.5T USD
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This analysis is personal analysis . This is Not financial advice.
Thank you.
With Love,
CryptoPatel
Crypto Market Capitalization is touching last ATH'sCrypto Market with BTC still has a little road to go until last ATH (red line), but TOTAL ALTS capitalization(without BTC) is touching his last ATH, so its at crucial point right now.
Be careful, tomorrow BTC has a fundamental with El Salvador making it legal money, this can lead to a new 2021 Bull Run or could be the start of a correction, as BTC is touching 68.70% Fibo right now at 52.500.
Regards.
Eng Alexa.