History tend to repeat itself..!In 2018, the Cryptocurrency market had lost 86% of its value, from 692 Billion to 94 billion USD)
In the past 11 weeks, the Cryptocurrency market has lost almost 47% of its value. (1.3 Trillion USD)
The same story could be repeated in the next 6-12 months..!
There could be some temporary upward moves (correction) in between..!
Total
Total crypto market analysis In this case we are analysing the total crypto market cap, which for me tends to be the best description of how the crypto market is going on.
We can use this and correlate with pairs like are moved the most by it like btc, eth, bnb, dot, ada and so on ( in general top 25 crypto market coins).
The good thing about it is that because of the volatility present in those coins, it can give us a better measure and structure for entries and exits .
We can see at the moment we are in double bot chart patterns , which is a bullish pattern, and our current position situation us on the critical zone.
In this case we have 2 scenarios
LONG:
We cross 1.25T total market cap .
In that case we would have as TP 1.26T and 1.28 T
For stop loss we would have 1.235 T
SHORT
We cross down 1.235 T
In that case we would have as TP 1.22T and 1.20 T
For stop loss we would have 1.25 T
TOTAL 2Days Cycles Hello Traders
As you can see in the chart above, every red circle represents an important area in my opinion. As it is seen candle bodies in 2D chart are somehow important. When price is closed lower than a lower line (blue lines in each area), or above an upper line (yellow lines), it continued its way in that direction, almost sharply.
This point of view may be used in further areas found in 2D TOTAL chart.
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What is your opinion? Comment below.
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Good luck.
#ALTCOINs in Danger? Welcome to this quick update.
In my last update, I said if ALT Mcap CLOSES BELOW 738 Billion altcoins will be bearish AND YET WE SAW dump in ALTCOINS but it didn't follow how I expected.
Just shifting a few trendlines and I got the chart above.
Looks like it's still under the channel and a bounce is likely from here.
It will take some time with sideways action or even little pullbacks during the weekend.
Close below this channel could create a panic in the altcoin market with blood everywhere.
Let's hope we see a bounce from here.
Let me know your thoughts on this.
Thanks for reading, Do hit the like button if you like it and share your views in the comment section.
Thank you
Stay safe
#PEACE
See you after Labor Day - $TOTALa very very boring summer for crypto has been obvious for the last several weeks as we have stayed in this range. Volatility continues to decline and make lower lows for BVOL24. This makes me think we continue in this very boring range until at least after labor day, if not even later. Time to spend time on yourself and those you love this summer and ignore the charts. Unless you are trading something that is trending like the SP500. I expect a very volatile fall season into winter and there is a lot of capital sitting on the sides ready to play the crypto market.
For my spot long term holdings I continue to dollar cost average into the market at the range lows.
There are so many doom and gloom posts and moon boy posts as well we need another 45-90 days to flush them out in the chop of this range.
If this range breaks down my next target would be the $1.1T level where I would continue to DCA spot buys.
I believe we are in the adoption phase of crypto currencies and it is very relevant to have spot allocation for my own portfolio holdings. I believe the next 5-10 years will see exponential growth and I see buying the lows as value buys.
This is for educational purposes and none of this should be taken as financial advice.
Crypto Total Market Cap, June 29A double bottom is happening on Crypto Total Market Cap and target is around $1.7 Trillion as you can see.
It is on bullish trend and it has reacted to the support level , It is on 0.618 Fibonacci level too
Zoom out the chart, you can see the whole history.
Same thing is happening on BTCUSDT chart also which is normal and target for that is $40k , If this really happen then BTC will returns to the bullish channel and BTC rally is still going on (see my previous idea, I have linked it below).
TOTAL JUST BROKE OUT AND CONFIRMED 75 DAY TRENDHello All,
Total had a successful breakout of its falling wedge pattern. (55 day bear trend has broke).
Price is now currently retesting its breakout. (break & retest).
This super bullish As long as 1.37T can hold.
GET READY FOR A POTENTIAL REVERSAL!
Thank you!
Please comment & like!
TOTAL index has a upward movement but not now!In fact, I think TOTAL index is within wave 4.
So it's going to begin wave 5 but it's early!
Regularly wave 4 has a timing correction and due to "dynamic trading" strategy, it must reach itself to 38.2% of the Fibonacci time.
None of them has been happened until now.
#TOTAL Updated analysis on Crypto Total Market cap chart #CRYPTOJust a quick update on the Crypto Total market cap chart:
We are running into the declining 20day moving average (blue line) which has acted as resistance recently. This is also where we find the anchored vwap from the most recent swing high on the 15th June 2021. This is all happening within a declining volume profile in a rising channel formation which both generally paint a bearish picture. Within the medium picture from the highs on the 12th May 2021, we could still potentially see a 3rd wave to the downside. The 2nd wave was preceded by a bearish triangle consolidation pattern which I had pointed to previously. This rising channel could lead to the next leg down (wave 3). The total market cap chart has been trading below both the 200 day moving and exponential moving averages (green lines) for the last two weeks which is not a characteristic of a bull market. We are also stuck under the 50 level on the RSI which is another sign which shows weakness (we will need a break above the 50 RSI level to move back into bullish territory.). Putting this all together leads me to believe that we could very well still be in for another leg lower but we will have to watch closely to see how cryptos behave around these very important levels.
Good luck!