DXY Channel Overshoot / Total Divergence / Good for CryptoUS Dollar Index in daily timeframe has reached its bull channel line. Remember that we expect channel overshoots to be reversed in 5 candles, just like here.
DXY reversed down and went back to the channel in fifth candle. Another tips is that one side overshoot can cause the other side overshoot.
For example here we have a channel line overshoot so we may have a bull trendline overshoot in DXY sell off. Highlighted zone ( Gold, 94.5 - 94.3 ) is where we may have some bounce so be careful.
Closing daily candle below 20 MA can cause price fall down to the bullish trend line ( Bottom of Channel ).
TOTAL crypto currencies market cap index created falling WG in H4 timeframe.
3nd pushed down through this WG created a divergence ( Lower Low in chart / High Low in RSI ) that was a sign of early buying/increasing.
Now we see that TOTAL is getting out of this WG. First target for bulls in now marked up on TOTAL H4 chart ( Red, 2.83 -2.87 ).
You can use the DXY and TOTAL correlation to chose where to invest your money. Increasing the risks in financial markets ( Like finding new Covid-19 variant ) will cause people to invest in safe assets like GOLD and Bitcoin.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Total
TotalMarketCap for 2021 CycleTop of the Mornin' !
I was going through all ALTs, checking their potential top levels.
Needed to check if that amount of money to match required marketcaps is possible - and it is ! If it respects the trendlines created so far.
Potential EOY TotalMarketCap could be of $5T, - this sounds crazy to me as we have 1 month left - but that is what the chart shows.
Ofcourse if the Total Market Cap breaks support - run away.
Cheers!
TOTAL | H8 | Technical AnalysisI analyzed the market cap of Crypto in 8 hours. The chart, which has been decreasing since November 10, has received very strong support these days. The important level for us is the "2.660T" level. The graph needs to break this level with high volume. If the breakout occurs, it can go as high as "3.062T".
All Crypto Market Cap UpdatesHello friends, today you can review the technical analysis on the 1W linear scale chart for the Total Crypto Market Cap ( TOTAL ), the Total Crypto Market Cap excluding Bitcoin (TOTAL2), and the Total Crypto Market Cap excluding Bitcoin and Ethereum ( TOTAL3 ).
#CryptoPickk noted in the chart:
1) Reviewing the Crypto Market Caps for the TOTAL, TOTAL2 and TOTAL3 are a must as they all work in tandem. This will give you an indication where the Crypto Market (Bitcoin, Ethereum and Altcoins) are headed.
2) The chart shows each of the market caps have formed a multi-month Cup and Handle Pattern as well as bouncing off of a multi-month trendline.
3) The target for each of the Cup and Handle Patterns are noted.
4) Keep an eye on the Volume as it is picking up.
5) There is positivity coming up, but expect as much volatility.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Exactly as i told you market pumped hard🚀Hello dear traders
Yesterday i told you fill your bags because market is gonna fly and it happened today especially ETH and other alt coins rised up a lot (i tag post bellow).
Also a few days ago i mentioned an stop hunt at 53K and i said that lots of bitcoins have been bought so bitcoin may rise a lot and it happened too.(post tagged below)
So i showed you the bottoms hope you enjoyed.
If you found this analysis useful please support us with a like
Its time for plan "E"its combination of fundamental and technical analysis on ETH
current condition network is like old fossiled car, it is the best at the design but not efficient now! on the other hand, ETH2 update has already filled half of its road map and all the crypto fans waiting for ethereum immigration on POS algorithm and difficulty bomb. Other alternatives like SOL , ADA , TRX ,... are so happy for this condition and the have took the chance to raise up . afte EIP1559 and full up dated ETH2 , we can see the flow of money bach to ETH , because it would have much better scalability and speed ... after all, in comparing with BTC, "the old king" , i would chose the most useful one, same as others ...
technically it can reach 25% dominance of crypto market(wich has almost 10T) in the end of current bull-run, and much higher afte that, in bear market of next cycle
based on ETH total supply, burning rates and so on, you can calculate the prediction of ETH about 10-15K
TOTAL # 001 ( The market is going to blast, Remember Dec. 8th !)Hello dear traders.
Good day .
This is TOTAL market rout with help of Weekly & Monthly Gann Square & Gann Box .
Total reject from weekly Gann Arc resistance & Now is going to get support from Monthly & Weekly Gann Tren line resistance to start crazily Bullish rally .
Thanks for your comments & support.
Good luck & safe trade.
Total Crypto Market: Bear Market May Have BegunIt's a fact that the minimal viable trend on TOTAL has broken on November 18th, as shown with the yellow bubble and the blue line. This similar line has not broken yet on Bitcoin, but it did on Ethereum and a bunch of other altcoins. I'm not trying to scare anyone but to stay grounded and cognizant that there are serious cracks in the rally that begun in July. Based on my analysis, TOTAL made a huge triangle of primary wave 4 that ended in July and TOTAL may have finished a primary wave 5 in November in the shape of an ending diagonal, as shown in purple. We are already in an impulsive wave downward, with a failed retest above the blue line and now going possibly lower. If we go any lower than the orange support, I would confirm my hypothesis that we are indeed in a bear market.
TOTAL ( Total Cryptocurrencies Market Capitalization) Analysis Fundamental Analysis:
As we know recently India has issued a Ban on the All Private Crypto currencies, mean while few other related nations such as Nepal and Bangladesh are also working on some Ban Draft and that seems could show some Negative impact on the Total Market cap,
but these Bans are very Ordinary and Insignificant since system has tried its best to Ban and Restrict the use of cryptocurrencies on Blockchain for Monitory systems and uses of its byproduct such as BTC or Alts,
we shall see some well Projects to pop up on DEFI which will bring huge Capital to the Crypto ecosystems and Pomp the Total Market Cap in coming years.
there are many inefficiencies on the centralized markets and distrust among the Hedge Funds and Institutional Investors over the current economics' situation, specially post Covid-19 Pandemic where many retail investors are considering the dementalized open market as a well venue to invest and get some Inflation free interests, that can be one of the best reasons to get good attention to the crypto world and again the pomp in the market cap eventually...
Technical Analysis:
We can see the Price is rallying in a Ascending parallels Chanel to which it had already shown some Respects,
There are Total of 4 Targets we have defined with Fibonacci projection of the last bullish cycles i.e. waves.
all targets are achievable eventually by passing the time but we can expect some Correction after each ACHIEVEMENT.
There exist a Support area which has the confluences with Fibonacci Retracement level of 61.8 of the current ATH,
TOTAL (Crypto Total Market Cap) Crypto Index Analysis 09/04/2021earlier we have analyzed the market cap and hedged our portfolios with its Alpha Ratio Calculate based on this analysis:
as we can see it has followed the prediction up move, up to 2 Trillion Dollars.
fundamentals:
The total market value of cryptocurrencies pushed past $2 trillion for the first time, doubling in about two months amid surging institutional demand.
Bitcoin, the largest of the more than 6,600 coins tracked by CoinGecko, is worth more than $1 trillion alone after its price more than doubled in 2021 to $58,858. The five next biggest coins -- Ether, Binance Coin, Polkadot, Tether and Cardano -- have a combined value of about $422 billion.
Bitcoin has been on a tear as institutional investors dabble in crypto as a way to boost returns on cash in a world of near-zero interest rates. Tesla Inc. poured $1 billion of its reserves into Bitcoin and began accepting it as payment for cars. Morgan Stanley is allowing some of its wealthiest clients to add the token to their portfolios, while firms from Mastercard Inc. to PayPal Inc. have taken steps to embrace Bitcoin.
Bitcoin advanced Monday after Grayscale Bitcoin Trust -- the world’s largest institutional holder of the cryptocurrency, with $34 billion under management -- said it plans to convert the trust to an exchange-traded fund.
Last week, Coinbase Global Inc., the largest U.S. cryptocurrency exchange, said it’s planning for its shares to start trading later this month on the Nasdaq following a direct listing.
The global crypto market cap is $1.98T, a 1.34% increase over the last day.Read less
The total crypto market volume over the last 24 hours is $125.55B, which makes a 20.79% decrease. The total volume in DeFi is currently $11.31B, 9.01% of the total crypto market 24-hour volume. The volume of all stable coins is now $95.87B, which is 76.36% of the total crypto market 24-hour volume.
Bitcoin's price is currently $58,385.32.
Bitcoin’s dominance is currently 54.96%, a decrease of 0.22% over the day.
Technical Analysis:
as we can see there exist a Hidden Bullish Divergence or Price Action with MACD indicators and Histograms, which is the sign of bullish trend Continuation.
there are total of 2 Targets of 2.5T USD and 3.15T USD consequently defined by Fibonacci Projection of the initial impulsive wave post the accumulation phase.
we may have a very smoot target achievements as Fundamental Analysis and sentimental of the markets consent with Technical Analysis.
total crypto market cap reviewthe total market cap moved up in 3 waves, indicative of a corrective move.
we used to hold this green trendline as support, until recently breaking down below it.
we're about to test it right now, failure to get above it will result in another leg down.
this is also why i'm shorting things today; things look corrective from my perspective.
this dip will be for buying though to swing the mean retracement to the upside.
cheers
💸
Will altcoins continue to rise? A cup-and-handle pattern has formed on the chart of altcoins' total capitalization. The price has broken through the upper boundary (resistance) and is now testing this level as support. According to the rules of this pattern, target = cup height.
This could be a good opportunity for altcoin growth.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
More correction in Cryptocurrency Market..!Total Crypto market cap, Bitcoin, and Ethereum have just crossed below their 50 EMA and lost their previous support level!
The most important support level for bitcoin is 58 k and for ETH is 4k..!
closing below these levels makes more correction the most probable scenario!
You can see the most important support (green lines) and resistance (red lines) to watch in the coming days in these charts!
DISCLAIMER
Best,
Moshkelgosha
I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
Another way to visualize what's coming TOTAL2I can split the bullrun into two phases, one of extreme bullishness and one of mild bullishness
Market phase 1 has already been undertaken and we are heading into market phase 2, which can be observed in the past to be the most bullish part of the run
This is a chart developed on a previous one below