An update for TOTAL2Using the TOPCAP indicator and the AVGCAP indicator this chart is produced
Will we see another huge increase phase that was seen in the previous bullrun? Or will it be different
In Green is the best entry points possible
In Red is the best exit point possible
Red line in between Topcap and Avgcap is 200MA
Total
🔥 Total Market Cap: Cup & Handle UPDATEAround a month ago I made an analysis on the total market cap of the crypto-space.
In this analysis I said that the Cup & Handle chart pattern was completed and a nice bullish move was to be expected, 3T being the target.
After hitting 3T a couple of days ago, we have been trading relatively bearish, with the strongest drop being today.
I'm not convinced yet that the correction is over. Ideally we'd re-test the previous Cup & Handle support and bounce from it.
Reversal target still at 3T.
Happy trading!
Crypto Total: pullback to trendline?The total crypto market cap has been marching onwards up in a steep trendline until just below 3T. A strong mental barrier, with the taproot update and rising wedge for BTC it seems like an obvious time for taking profits, 10 to 30 percent corrections happen in the bullruns! Personally I shorted this but that does not indicate that Im a bear. I expect that we might see a drop and retest of that previous swing high. Seeing the total hold at that area and the potential lower trendline would be a buy for me.
BTC.D casual lookGiven the growing demand and the ever-growing altcoin market, we could regain some luster for bitcoin to the order of 79k - 120k. Then this will allow us to have a huge alt season that will bring all the useful altcoins into the traditional markets and the crypto market will no longer be seen as the one in the dark zone. (This will all play out if we get a TOTAL cap of the order of $3.5 - $5 trillions
⏩💡#i30:TOTAL CrytMCap d/Aus$ Rcord Setr 🦘🚀🎨 Rdx🔁Reboot 🖥️ :
Applied Markconomics 101 :
WINNER KEEP WINNING
SELL YOUR LOSERS
BUY THE WINNERS
Trend Is Your Friend
Or Your Most Hated
So Easy That
It's Oh So Hard..
d-MR96nBa 🌌
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Org:💡#I
10/10/2021
*Part Idea💡Observation 👀 & Celebration 🎉
TOTAL Crypto Market Cap in Australian💲
Hits New Record Highs 📈
TOTAL in USD Surely Soon Follows 🥳*
CRYPTOCAP:TOTAL
TOTAL2 Cup and Handle ideaAn idea showing a cup and handle comparison with one we have already seen on the way up during this bullrun
Last time at this stage a bullish, very bullish move was experienced, will it play out like before?
Very different price action but I still consider both Cup and Handle
10% decline looks imminent ..!It looks like the Crypto market has run out of steam and a Flash crash is about to happen..!
It is already 10% below the 2.743 Trillion, but another 10%-15% decline is closer than what you think!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor 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.
2.5-2.4 trillion is a critical level..!In these charts, you can see the most important support (green lines) and resistance (red lines) to watch in the coming days!
Multi-Timeframe Analysis:
Hourly Chart: downward channel (Bearish)
Daily Chart: Upward regression channel (Bullish)
Weekly Chart: failure to close above resistance Zone! (Neutral)
Monthly Chart: failure to close above resistance Zone! (Neutral)
Conclusion:
Neutral to Bearish is the most probable scenario for the short term!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor 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.
Macro analysis of the relationship btw Cryptocurrency mcap & DXYAs we can see in the chart above, DXY has reverse correlation to the Total market cap of Cryptocurrencies. The lower the DXY, The more money injected to Crypto.
DXY is in a critical level. If Dollar gains strength, That wouldn't be good sign for Crypto. But in my personal opinion, I think Dollar will lose strength from here.
Simply because of rapid money printing by the FED and the expected debt limit increase.
Total 2, Why don't Altcoins move?!Hello my friend. This is the reason why Altcoins do not grow behind Bitcoin movement trend. The Total 2 is crypto market cap exclude BTC and now under major resistance. After break the resistance, they will grow very very well. You can consider it. Good luck.
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TOTAL market cap OBV divergence ridiculously bullish (4H)Quick post looking for supporting trends on other indexes. TOTAL marker cap OBV divergence on the 4H is ridiculously bullish. This is supported, (but less extreme) in the higher time frames (D, W) which are more reliable. but suggests lots of money recently entering the market and staying in. Hopefully this cup and handle formation holds above resistance the money stays in and we see confirmation of the push up and the next leg of the bull run many are hoping for
(the only problem with recent money is that it can exit just as quickly, but this is promising)
TOTAL around 2.5 trillionThe total marketcap of crypto is reached the major resistance of $2.5 trillion. This is the point from where the market crashed last time. If the total marketcap breaks and hold above $2.5 trillion then we will see a good rally in crypto market. Also BTC is near the all-time high and we will see good momentum after BTC cross $65,000.
Crypto total market cap sell signalsContrary to popular opinion the total crypto market cap looks like it wants to correct, on the weekly scale. The RSI, MACD, DIOSC, Volume Weighted MACD and CMF are all signalling a sell on the weekly. A lower number of sell indicators called the top at BTC $65k, which resulted in a 56% total crypto market cap correction. In addition, there is a strong bearish divergence on the RSI (which is even worse on the monthly). Volume on this pump is also low. The conspiracy theorist in me suspects that this latest pump is a fake out rally and that the incoming futures-based ETF may be a topping signal for the whole crypto market cap. A futures-based ETF may allow large corporations who do not like BTC and governments to short the price down significantly. I am not outright bearish here, just very cautiously optimistic on a potential BTC breakout to a new ATH. Be careful with your longs and watch your leverage.
CRYPTOCAP:TOTAL