Total
TOTAL MARKET CAP long-term update:must read!! Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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TOTAL MARKET CAP
Total market cap formed this big rising wedge pattern but it is yet breakout currently is lying on the lower support of this big wedge pattern as long as the lower support, we can expect a bounce from there. RSI is in the oversold range and we have 200ma as local support.
If it breaks the lower support or 200ma support then the chart will be invalided.
If you look closely at the first cycle and compare it to subsequent cycles, you will find that the beginning of 2021 was great for TOTAL MARKET CAP because it grew by almost 500% in 2 swings.
If you look at the second cycle, the price has risen at first, but later you realize that this is a trading range. In the trading range, there is a difference between the buyer and the seller.
After the failure of the trading range, the price enters a downward trend for a while and falls about 70%. You may think that this is too much and it is no longer possible for the price to return. In fact, this is not the case. It is necessary for the price and health of the market, although this decline did not happen easily, but it can be recovered from here.
Stay tuned
This chart is likely to help you in making better trade decisions if it did consider upvoting this chart.
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$TOTAL Crypto total market cap - where could we find support?I've used a log chart to get a better perspective of the total crypto market cap chart. According to my analysis, the 670-730bn Market cap value should act as a solid support zone. If looking to buy back into the crypto space, a reversal from this area could provide some confirmation that some sort of bottom could be in place.
This level as shown by the red box is where we find intersection of some important technical points
(1) Uptrend from 2015 lows
(2) Level under the 200week moving average which has acted as a bottom on two separate occasions
(3) The 2018 High which could now act as support should it be tested
Will be watching this important area with much interest to see if the crypto market can bounce off what is the longer term uptrend.
Happy trading!
Check the TOTAL indexDue to the support that Total had in the daily time frame, it returned to the desired support after the collision, and if this support is lost, it will cause the market to decline, and if it maintains its support, it will increase the price.
total marketcapBitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.
#TOTAL Crypto space facing significant resistance hereIf you draw the anchored vwap from the important last significant swing low and high from 2021, the bands pretty much line up at the 200day moving average which has been a significant point of polarity for the total market cap chart. With price action seemingly stuck here for the last 3 days, the crypto market is at risk at halting recent upside from this level. Alternatively, if the market can break above this level then that opens up a new shift, but my gut says given the level of resistance we face, it is going to be very difficult in the short term to break this level without a correction first. Let's see where we go..
What happened in the past could help us a lot..!2017-2018:
I think we can break it down into 4 distinct parts:
1- Explosive surge of +4350%
2- Head and Shoulder pattern and losing 66%
3- A 77% bounce back
4- Another 78% decline
Summation: 86% of market value wiped out in 49 weeks:
Now let's look at 2022-2022:
A: Explosive surge of +1810%
B: Head and Shoulder pattern and losing 62%
You do the Math, in which stage we are and what is about to come
total crypto market cap.total crypto market cap just tagged the 100% extension for this massive zig-zag.
is that all the blood we're going to see in the short term?
possibly.
if 100% extension successfully holds, we will see a mean retracement of this move, before further downside.
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if it happens to get below it \ flip it into resistance, we could potentially enter into capitulation territory;
where the titanic would simply sink, and it would take everyone with it who didn't bring a life jacket.
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stop loss is your lifejacket in this market, be careful out there my peoples.
When will Bitcoin trend rise? CRYPROCAPHello my friends. Everything is clear on the chart for you like always, The market in side zone and to return to ascending trend, it must return to above 1.7 - 1.76 T which requires liquidity. consider it.
Good luck.
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#ALTS MARKET CAP ANALYSIS!!welcome to this quick update on the TOTAL2 analysis.
I have tried my best to bring the best possible outcome in this chart.
#ALTS Market Cap Analysis
It is moving in a parallel channel in a bullish trend. It is currently trading above the trendline support. The RSI is in oversold territory. We will have to wait for a sustained breakout to confirm its next move.
Sorry for my English it is not my native language.
If you like it, hit the like button and share your charts in the comments section.
Thank you...
#ALTS MARKET CAP ANALIYSIS !!welcome to this quick update on the TOTAL analysis.
I have tried my best to bring the best possible outcome in this chart.
It broke down descending triangle, retested successfully, and after that, we have seen a drop in it. Currently, it is holding above its horizontal support. RSI is in the oversold region. An upward movement is expected in ALTS from here while a sustained breakdown will confirm the further bearish trend in it.
Sorry for my English it is not my native language.
If you like it, hit the like button and share your charts in the comments section.
Thank you...
BITCOIN VS TOTAL MARKET CAP !(>_<)!Given the strong correlation between Bitcoin and the Total Market Cap index, it is important to examine the two.
-Total
There are certain similarities between the two, especially the price divergence. However, we are still waiting for the right trigger to enter.
Wait for the updates ...
Crypto Market Reversal?TOTAL is on major fib support. EUR strongly correlates to TOTAL and EUR looks like it has bottomed. TOTAL's weekly RSI is close to its all time low. There is hidden bullish divergence and a falling wedge on TOTAL's weekly RSI.
TOTAL again bearishBroke down from a bear flag formation with a bearish retest, under the 200 4h and 21 W EMAs. Crossing down support and RSI in a downward trend.
Possibility of support and bounce still there, but less than a drop.
SRM NEW ADVANCED ANALYSIS !!!As I mentioned on the previous post about Bitcoin, there is a strong correlation between total index and the altcoins.
-Total
Stay patient for better entry after breaking the gray box...
#ALTS MARKET CAP ANALIYSIS !!welcome to this quick update on the TOTAL analysis.
I have tried my best to bring the best possible outcome in this chart.
A very good position for ALTS!!
It broke down descending triangle, retested successfully, and after that, we have seen a drop in it. Currently, it is holding above its horizontal support. RSI is in the oversold region. An upward movement is expected in ALTS from here while a sustained breakdown will confirm the further bearish trend in it.
Sorry for my English it is not my native language.
If you like it, hit the like button and share your charts in the comments section.
Thank you...
a completed count.the total crypto market cap suggests that a long term bottom could be in.
this doesn't mean that it can't go lower; but history suggests that this could be the bottom.
if a bottom is indeed in, we're going to see a significant bull run in the months ahead, which takes the total market cap up to around 4.5 trillion $.
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we're going to need some kind of catalyst to make this happen, and it won't come overnight, but i've started to position myself into longer term holds.
still about 80% cash, and i'm ready for lower prices just in case.
Why $BTC & Crypto may have bottomed!I like to use this ready made Support and Resistance Indicator, that shows you when a S and R has been created.
This is a 2 week candle chart so it is very powerful. The Monday that just went past was the 2week close and the structure has shown Support has been found and this has not happened since the March 2020 Covid Crash when BTC bottomed at $4000 and rose to $69,000 18months later.
The position of the Stoch RSI is different, we are oversold at the moment compared to that of 2020 it was heading downwards.
We also have support from the supertrend keeping it up while forming a double bottom. Marketcap cannot break 1.27T on this chart as that would invalid this analysis.
TOTAL MARKET CAP 3 HOURS UPDATE Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome to this chart, Do not consider it as FINANCIAL ADVICE.
#TOTAL ANALYSIS
It bounced from the horizontal support and currently rejecting the horizontal and trendline resistance.
MACD crossover is showing bullish momentum. We might see some sideways consolidation in the current range and a sustained breakout/breakdown will further confirm the next move of it.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
Total Crypto Market Cap $ 700 B target to the downside?Total Crypto Market Cap $: The area around 700 billion could be a good long-term support which implies more room on the downside! Let's be patient!
Total crypto cap weekly not looking goodBreakdown from a multi-month rising wedge, weekly candle about to close in 6 hours. I suspect that it might retest the rising wedge or just keep going down to the two targets below.
This analysis is just based on the pattern. Since the wedge is on the weekly, it holds weight. There are contraindicating signals in the market. Luna absorbed this week's drop and made ATH. ETH absorbed the dump as well. ETHBTC and ETH.d broke up from a long term range and might go up further. Maybe we will see a mini alts season as BTC works it way up as BTC.d is dropping. But the market is still in danger.
TOTALCRYPTOMARKETCAPhonestly im not bearish here...
think we see a recovery from this 55% drawdown
bullish c fork starting to look good...
obv never even broke bullish trendline
if that goes ill flip way more bearish
but fundamentally anyone in crypto knows the quality products built this cycle should stand the test of time and eventually institutional finance will have no choice but to start considering positions
the luna fiasco will only make them more wary and decide to do more thorough research before investing in bound to fail uponly ponzis
total cap eventual target in the long run is around 7trillion so weve got a ways to go before im going to loose total faith in this market
