Get started

Marketcap

BTC TAKE PROFIT ?! Hello Community! When looking at the Daily TF, we can see BTC/USD has been on a strong bullish trend over the past few weeks. The trend line shown has acted as accurate support throughout this climb. I believe bitcoin is on its way back to test the previous highs but it will take a few more weeks to do so. Along the way, there will be corrections and I'm assuming the next big correction might be on its way if this trend line is broken decisively. On the map, I'm showing the next major S/R zones and the percentage gains for whoever is looking to stay long or go short after the trend line is broken. Keep in mind the RSI is showing lower highs and the MACD is forming a bearish cross. Let's see how this plays out. Don't trade with what you're not willing to lose. Love it or hate it, hit that thumbs up and share your thoughts! This is not financial advice. Safe Trading Calculate Your Risk/Reward & Collect! Simplicity Wins
BITFINEX:BTCUSD
by rnaofs
2
BTC USDT correlationHello traders, I think those two charts are useful when used alongside each other in correlation. It is logical that decline in BTC price leads to inflow in USDT and vice versa. So we could say (and the chart shows, that the correlation between the price BTC and market cap of USDT is inversely proportional). For further simple explanation there are some events marked on the chart: Red Flag - A gap in USDT inflow probably shows that institutions are selling before BTC price declines. It is actually only the third candle on USDT when the selloff of the bitcoin occurs. Blue flag - USDT cap fails to pick up momentum and start going down significantly while BTC surges. Orange flag - USDT market cap is flatting out, fails to go lower low and starts forming local higher lows. BTC is still pushing higher, but the trend is converting to the broad bull channel/Trading range as more and more bears are buying into the shorts and more and more bulls are taking profits. Purple flag - BTC - huge rising wedge formed and wedges tend to break to the lower side. Lower high also formed and after. 3rd higher low formed and money starts to flow into USDT. Green flag - wedge top in USDT, while wedge bottom in BTC. Reversal on both charts. At the moment USDT market cap is in sharp decline, which might signal that BTC will be going much higher
Editors' picks
Education
by Sharkethics
23
PULL BACK OR ONE LAST PUSH + US TAX LAWSWe either go touch 1.33T or we hit 1.0T and pull back. Could be seeing some bad news coming out of the US about Crypto Regulation. In the Infrastructure Bill, Taxing Cryptocurrencies is coming up. The US is looking to Tax miners by wanting miners to keep track of every coin that they sell off into the Crypto market and paying taxes on every transaction between the buyer and the seller. This also goes for blockchain company's in the US Keeping track of tax on every coin. This will close the door in the US on any new Blockchain development. This will force innovation to go outside of the US. As for investors. Any transactions totaling $20,000 or more in any exchange, Will trigger a audit of your account if you're found not paying from cashing out from coin to cash. But i do see a bullish scenario. Say everything above plays out. i believe it will trigger a good size sell off at first. but as long as you don't cash out into physical cash. This will cause people to just hold Crypto even more now. New bartering system becomes of this. Why use cash if you just keep printing more of it. The printing doesn't seem to be slowing down, looks to be getting worse. 2028 - 2031 will what i believe be the crash that turns the rest of whats left of fiat into digital currencies. LET THE TAX GAMES BEGIN
CRYPTOCAP:TOTAL2
by KidCrypto514
1
ETHEREUM Flipping Bullish ETH appears to be entering an accumulation phase after spending the last 3 months in distribution and has now crossed into my own personal long areas where I have large positions now filled at $2330. As many who follow my post know, breaking above the .236 fibonacci for me is the optimum spot for longs, and ETH has done that in regard to its fib retracement of $4372 which as you know is the all time high in price for this asset. Without the need to hype things up one should just know that this is a very big deal IF the price can hold above $2331 at the close here in just over 30 minutes. The concern here I will admit is that similarly to BTC, ETH has put in several green candles, and is now overdue for a red one. That means we need ETH to maintain decisively above the current .236 fib level with enough room to put in a following red candle that could backtest our fib level as support. A close below the .236 as Im sure you now know is bearish and would almost certainly mean Ethereum retesting lower levels in some shape or form. Should the .236 ($2331) level hold as support here in the next 24-48 hours, ETH could see fireworks with a first targeted move of 15% roughly before hitting the next fib resistance area. This will be one to watch due to the fact that ETH dominates the altcoin marketcap which means if ETH is flipping bullish, then altcoins as a whole more than likely are too. Stay tuned.
Long
by TradeVibez
3
CRYPTO MARKET CAP. - CAREFUL! GamePlan for the Brain. Man.So we can see a breakout on the daily market cap chart, we also have the GreyScale BTC unlock coming up this week. coincidence? Well - maybe not. We see that Longs have stopped growing, this is somewhat odd and generally points to a short term reversal coming. Likewise our shorts are beginning to build. I would expect this to continue up until mid/late this week, there looks to be a very clear play on the market at the moment with the shorts growing in the short term. Once we reach the middle/ end of the week I believe we'll start to see the shorts top out, longs finish a small correction and start growing again, and btc dump so that investors can get a premium on their GBTC. Gameplan? follow the money! We know from looking at our short chart that we probably aren't at the short term top as it's still rising, so take some longs until we see btc top out and bearish powers start to take over, then short HARD down to 33k ish. This is gonna be rather aggravating for hodlers - but you're a patient bunch. For short term traders expect a couple days of excellent opportunities you should definitely capitalize on. I think we're still quite early in the overall bull-run realistically, possible only a quarter of the way in. But we'll know soon if this is the case or we're in the denial phase and i'm guilty.
CRYPTOCAP:TOTAL
by cryptosince1963
1
Crypto Total Market cap Update ( -54% fund out from crypto..? )Crypto Total Market Cap Update : Now Total Market cap is 1.381 Trillion dollar. And It went upto $2.577T Mean to say that almost -54% down from High. Too much fund out from crypto. So now..? Now $1.3T is strong support if this hold then we can see BTc and Altcoins sessions also. But if break down then many panic and Hard dump possible. So I am watching closely and You also. If this support hold then we can see one big Altcoins and BTC sessions. Support:- $1.30T Please click like button and Appreciate my hard work. Must follow me for latest crypto real time updates. Thank you.
CRYPTOCAP:TOTALLong
by CryptoPatel
6
ALTCOIN-MARKETCAP, Breakout Above Major Reference-Zone Incoming!Hello, Welcome to this analysis about the ALTCOIN-MARKETCAP on the 4-hour timeframe perspectives. As already mentioned in the previous analysis that can be found when looking at my profile the biggest Cryptocurrency by market-cap Bitcoin has formed some important alignments in terms of the Wyckoff Accumulation and also Hash-Ribbons dynamic that a bullish development in the upcoming times has a high possibility. Now this does not necessarily mean the whole other cryptocurrency market excluding Bitcoin is bullish as the divergence between the cryptocurrencies is increasing especially compared to Bitcoin it is important to differentiate these aspects to do not just consider the market in the same direction, with the same volatility and amplitude. Structural Developments: As when looking at my chart now we can watch there how the ALTCOIN-MARKETCAP has developed this local ascending-channel-formation in the structure that is marked in blue in my chart, within this ascending-channel the Marketcap has formed a coherent wave-count with the waves A to D almost already completed and now with the wave E about to form already showing up with some exceptional increased volatility in the schedule. As it is seen in my chart this wave E is testing the main descending-trend-line marked in black in recent times, this trendline is an important reference point of resistance here as it connects the previous lower highs. With the horizontal resistance in dashed grey, the market cap will validate this as support when breaking out above. Upcoming Determinations: Next times will be a decisive time here as when the demand in the ascending-channel increases further with the continued development of the wave-E it will lead to a determined breakout above this major descending-trend-line, such a breakout will be the appropriate origin of the wave-E-extension and appointing of the upper-target-zone. For now, we need to keep patient and await the breakout which will finally confirm as it is marked in my chart with the Marketcap final price-action above the descending-trend-line. Such development will activate the upper-target-zone consisting of several levels, the remaining upper-resistance, the point-of-control resistance, and also the target projection, when the Marketcap reaches out there a pullback is highly likely. In this manner, thank you for watching my analysis about ALTCOIN-MARKETCAP and what is the likely breakout-determination that has a high possibility to follow up in next times, will be great when you support it with a like and follow or comment, great contentment for everybody supporting, all the best! "The past, like the future, is indefinite and exists only as a spectrum of possibilities." Information provided is only educational and should not be used to take action in the markets.
CRYPTOCAP:TOTAL2
by VincePrince
6