MarketCap of Cryptocurrencies except stable coins (TOTAL-USD)ℹ️ This is the total market capitalization of cryptocurrencies, excluding major stable coins (USDT, USDC, BUSD, DAI, GUSD, PAX, SUSD, USDK, EURS).
🟢The chart indicates a possible bear trap.
However, to be confirmed, the index needs to break through the resistance shown in the blue region above to have an upward confirmation.
If that happens, the LS Volatility Index is expected to drop to zero, indicating an approximation to the 21 moving average.
🔴In a bad scenario, the marketcap can reach new lows, possibly reaching the next Fibonacci level.
In that case, the LS Volatility Index would rise to 100, indicating an even greater deviation from the 21 average.
Total
Downtrend StartedToday we are seeing some bullish relief on the Daily, but the Monthly and Weekly total crypto market cap is pointing down from overbought on the stochastic. As well the weekly and monthly are both red (yellow in my case). Would advise to only be doing long scalps if trading today and be aware that you are trading against trend and is potentially very dangerous without stops in place even for spot.
On the longer timeframes we should see some big moves down to mid 20s for btc. And I would suspect we see some major relief from there, but then still one more trip down to grab liquidity before the markets start to move up in any significant way.
I'm suspecting stocks will also gap down again this morning as they did yesterday and dxy to show some strength.
TOTAL Crypto Market Cap Bullish ABCD and CypherThe TOTAL Market Cap looks to be ready to target back up to $2.16 Trillion Dollars from here in the coming Weeks-Months based off the presence of a Bullish Cypher and Bullish ABCD Confluence Zone Visible on the Weekly Timeframe.
The ideas in the Related Ideas Tab below are also relevant to this analysis of TOTAL.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
TOTAL MARKET CAP UPDATE
As you can see in the chart or absorb in the chart here TOTAK MARKET CAP is making this falling wedge pattern as same it marked in 2018 and dropped 43% and invalided this pattern that was the last drop of the bull market.
Technically as we all know that this is a bullish pattern if this pattern breaks up out and test successfully then we can accept a bounce technically but if it Breaks down 700 billion support then it may drop almost 40%. Yes same as it was done in 2018.
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TOTAL MARKET CAP ANALYSIS UPDATE:-The TOTAL market cap is now back at the mid-June levels. Wait for a daily candle closing for more confirmation. A break below this level is bearish. We may see some sideways movement near the support before the next move.
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Total is about to break dynamic support... do not buy or long in this situation .
total is about to break dynamic support and then we will see more than 30% drop from here. it means all coins and btc will bleeding more and more...
i preffer to wait and watch the market , and looking for some buy setup in next weeks on spot...
you can check my weekly total analyze on related ideas...
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TOTAL2 - Developing the Bottom Structure Plotting a bottom along the 4.618 of a strong downtrend Fib Circle
As you can see the price is moving along this thicker green line
I expect the second bottom to occur and consequently a double bottom occurring
Following this double bottom a rise is in order
This is a complementary post to the one below
TOTAL - blue volatility?!So Total Market Cap is at ceiling with exhausted parameters and volatility has turned blue.
In my indicator, volatility going blue means it has crossed back into an area of "beginning to get volatile". If that happens at highs - it means volatility kicks in to start going down. And that's what I expect.
✅Crypto - 2014 trendline is holding, open your eyes!
This is technical analysis; I don't care about interest rates or fundamentals! Leave this analysis if you care about wars, covid, inflation, interest rates, and so on.
95% of people will never buy at the bottom and never sell at the top.
These people will tell you we will go to 13k. When we reach 13k they will tell you we will go to 10k. When we reach 10k they will tell you we will go to 6k. When we reach 6k they will tell you we will go to 3k. When we reach 3k they will tell you they will buy at 1k and so on. These people will never buy during the bear market; they will buy at the top instead!
As you can see, the chart is extremely bullish. If you don't see it, then you are probably shorting support and longing resistance all the time.
This is really not the best time to be bearish. If we drop below the main specific support, then I will quickly switch my overview on the market. There's nothing wrong with that.
I am not a permabull or permabear. You know me well; today I can be bullish, tomorrow I will be bearish, and in two days I will be extremely bullish again.
It doesn't matter if I am wrong and Bitcoin goes to 13k. I can be right only 50% of the time with RR 1:2 to be profitable. I take swing trades with RR 1:20.
I think 2023 will be a very bullish year for the crypto market, but you need to hold good coins. Forget about ADA, SOL, XRP, DOT......These coins will pump, but not next year.
If you are bearish, tell me why in the comment section down below!
Which coin do you want me to analyze? Let me know in the comment section!
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Using TOTAL MarketCap & DXY for MACRO TrendHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
The Total Cryptocurrency market cap chart, or TOTAL , can be very useful to identify the macro trend MOST (not all) cryptocurrencies will follow - bullish or bearish. It is also natural to say that if the strength of the Dollar (DXY) keeps increasing, investors will be more likely to sell off their investments for Dollars. When the DXY is at its highest, and the investment markets are at their lowest, the money rotates out of Dollars back into the investment market to buy up stocks and crypto at cheaper prices. This also means, that now is a great time to accumulate your favorite crypto's. NOTE that this does not mean the market's won't go lower, it most definitely can. However, trying to catch the exact bottom often leaves you positionless. It id often here, where traders try to jump onto a moving train (trying to buy as the price keeps rising).
Currently, it looks like the DXY still has another push in it towards the next resistance zone:
Cryptocurrency markets could continue to fall until the DXY cools down. I'll be watching the correlation between these two markets closely and in the meanwhile, expect random mid cap and micro cap altcoins to rally.
Here are 3 Altcoins that I'm accumulating for the next bullish cycle, or Altseason 2023 :
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Total Crypto MarketCap - This is somekind of topCurve channels are dangerous - watchout ! You may hurt yourself !
But once you get to know them - You see they are even stronger indicators than trendlines. Can I go a bit poetic here and say that hOOmans aren't linear but are more fluid, curvy, complicated? Well, PA reflects sentiment, so all of this would make sense.
Long story short - I expect marketcap to dip after this touch - Specially with TrendExhaustion and Whale Money being totally exhausted on Daily Timeframe !!
Total Crypto Market Cap Monthly chart looks Amazing!Total Crypto Market Cap Monthly chart
can you see how this is super bullish? Look
at the Ascending Bullish Trendline holding
support perfectly. The DeMark9 Indicator
is showing that there is a super high probability
that the enitre Total Crypto MarketCap is at the bottom.
The 100 Day and the Bull Market Support Band
is at the exact same place on the chart. The
monthly candle only needs to get above and close
above the green line and Bull Market is back in action.
Im looking for us to get there in the coming 30-90 days.
Total Crypto Market Cap Monthly chart looks to have hit bottom.Total Crypto Market Cap Monthly chart
can you see how this is super bullish? Look
at the Ascending Bullish Trendline holding
support perfectly. The DeMark9 Indicator
is showing that there is a super high probability
that the enitre Total Crypto MarketCap is at the bottom.
The 100 Day and the Bull Market Support Band
is at the exact same place on the chart. The
monthly candle only needs to get above and close
above the green line and Bull Market is back in action.
Im looking for us to get there in the coming 30-90 days.
🟢 TOTAL M.CAP - 1D (22.09.2022)🟢 TOTAL Market Cap
Here is possibly some more confirmation that a crypto pump is due before continuing the downtrend.
RSIs have bottomed on 1D and looks like it is building a base here to take off from.
The target is between $1.05t - and $1.01t - this could put BTC somewhere between $21-25k.
This idea invalidates if it drops below around $805b.
ExpectationsIt's important to have some expectations. Not much has changed since I last posted, at least not in terms of going risk-on. If anything the fundamentals are even more bearish, technicals are reflective of that, and thirdly mechanicals such as derivatives are not looking hot.
In order to even consider anything risk-on, the price action will have to severely disobey the bearish structure marked in the chart. There's a lot of margin calls going on right now behind the scenes, among other things, and I don't see these being priced in at this moment. The BOE says it will stop its corporate bond buying program on Friday and the market is going to reveal if that's true or not. I think there will be more "rescue" buying after the next projected leg down, and not a moment before.
To void this idea, I would need to see BTC break hard above 20k and take out 24k, DXY break bearish for several months, and bonds rally and not just keep lingering down. With the Nasdaq setting new lows it's hard for me to envision any sincere buying while big players are capitulating. Liquidiations are ongoing and I do not believe this is any sort of long-term bottom, although possibly a bottom for some sort of insane short midterm elections rally, which technically speaking could happy, but the chance of that is becoming less and less, UNLESS a crash were to happen first. One more reason to anticipate lower prices. All of this manufactured monetary expansion has baked failure into the heart of the system, specifically at the corporate and central bank levels, and it needs to fail in a speculator way before risk-taking is profitable again. And by speculator I meant something like the Euro collapsing and GBP failing much further, something along those lines, and not just some modest price corrections.
In order to come up with the 80 weeks or 230 weeks moving averages used in the chart, I simply looked at where support was established and then violated (red circles), with further downward price action. The latest action (2) has all the ingredients, it's just missing the further price action. This makes me think that downward prices have a higher probability.
Good luck and don't forget to hedge your bets!
TOTAL - Crypto Markets in TROUBLE 📈Hi Traders, Investors and Speculators
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
Here's a quick 4min outlook at on the crypto markets as a whole, by using the total cryptocurrency market cap (currently sitting at $899M). Only a year ago, TOTAL was doing an astonishing 3T Market Cap. But as it goes with crypto, - 60% is no big surprise. By taking a look at the chart and using the Wykoff Method of chart analysis, we can see that the market still needs to bottom. This is supported by a technical analysis of the Volume, which is declining across the market. From a fundamental analysis, it is no surprise that liquidity is leaving crypto as we see some currencies like the Dollar and the DXY hitting fresh highs.
Even though the "worst" of the bearish market is still ahead, remember that this makes for a GREAT time to re-accumulate and stack up on all of your favorite altcoins! In hindsight, profits are actually made during bearish cycles.
Interested in a Short Setup for BNBUSDT ? Check out this idea 👀:
Feeling bullish instead? This is for you 🤑 :
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