Bitcoin (BTC/USD) - Potential Morning Star Candle Pattern WeeklyBitcoin (BTC/USD) has been in an uptrend for over one year, 2023 to 2024, and is currently testing all-time high prices.
A potential Morning Star candlestick pattern (bearish) is forming on the weekly Bitcoin chart.
Bitcoin price may fall in the short-term leading up to the Halving Event in April 2024.
To continue an Uptrend in 2024: Bitcoin needs to breakout and rally above $75000, $80000, $90000.
If not, a pullback is possible for Bitcoin price, and the price could fall down to $60000, $50000, $40000.
Upcoming USA Stock Market Earnings, FOMC Federal Reserve Interest Rate Cuts, and Global Fundamental Catalysts could also affect Bitcoin and cryptocurrency sector volatility.
Total
⚡ TOTAL Market Analysis ⚡📊 Market Overview:
Recent Movement: The TOTAL cryptocurrency market capitalization faced rejection at $2.70 trillion and is now retracing to test lower support levels.
Current Situation: The next major support is anticipated in the range of $2.05 trillion to $2.20 trillion.
Alts Potential: There is a belief that altcoins will experience a significant bounce once the market finds support.
📈 Trading Strategy:
Observation: Anticipate potential support levels for entry opportunities in altcoin trades.
Preparation: Prepare trades in advance to capitalize on the expected bounce in altcoins.
Entry Plan: Look for confirmation of support in the TOTAL market before executing trades in altcoins.
Risk Management: Set stop-loss levels to manage downside risk in case of unexpected market movements.
🌐 Note: Stay vigilant for signs of market stabilization and consider factors such as volume, market sentiment, and overall trend direction before initiating trades. Adjust your strategy based on evolving market conditions to optimize trade outcomes.
Total Cryptocap’s log chart just hit the falling wedge targetIf we take the teal bull pennant and only measure the pennant part which is also a falling wedge, the target we get from the breakout has just been hit by our current price action. I felt that was worthy of posting a chart bout. Though bitcoin has already achieved a new all time high days ago, the entire market cap for all of crypto is still just below it’s previous all time high currently. I would expect that to change in the very near future, however there’s always a chance at a retracement once rice hits the full breakout target. Since we just hit the full breakout target of the teal falling wedge, then it could retrace, if it does it may take longer to reach a new all time high. ALso possible for it to pump just enough to reach a new all time high then start its retrcement, correction, or sideways consolidation. Either way we can see as I have stated in previous charts, that this falling wedge is also a very valid bullish pennant and the breakout target once you include the height of the pennants flagpole for your measured move line, Is a staggering 17.5 trillion or so…No guarantee we hit the full target this bull run, however the ay the bitcoin spot etf buying has kind of changed the paradigm of what’s possible there’s definitely a chance we could hit this full target for this current bull run. As I have stated in the past the dotted yellow measured move line to the left is a measured move target from a pennant we broke up from 2 bull cycles ago and it didnt hit its full target in that bull run. However since it is in a very close proximity to the price target of this teal pennant’s measured move breakout target as well, it creates a good bulllish confluence and we could see both targets hit this bull run. I would say worst case scenario we head to those targets by next bull run but very plausibly can reach them during this one. *not financial advice*
Crypto Market: Is the Bubble Bursting or the Bull Run Ongoing?The total market capitalization of the crypto market increasingly seems like we might soon see a reversal for Wave 3, as there isn't much room left for upward movement. We would reach the all-time high in market capitalization just above the 361% extension for Wave 3. Thus, we don't believe there can be much further upward movement. Afterward, we should see a significant decline, potentially into the target area of Wave (B). We're not trading this directly; it's included purely as support for our analysis. Then, we'll look to develop Wave (1) further and see one final push. We're essentially anticipating that after this downturn in market capitalization for Wave 4, we might see a surge in altcoins before a more significant and prolonged correction downward for the overarching Wave (2). It's important to remember that we are in an overarching Wave III, indicating significantly rising prices in the future.
⚠️ Market Overview - TOTAL Cryptocurrency Market Cap ⚠️📊 Analysis:
Current Level: TOTAL (Cryptocurrency Market Cap) is at a level last seen towards the end of the last bull run.
Resistance Zone: Currently in the $2.50T - $2.67T area of resistance, and it's extremely overbought.
BTC in Price Discovery: BTC is in price discovery, and uncertainty exists regarding how high it might go.
Risk Management: Traders need to be cautious and manage their risk tightly over the next couple of days.
Next Resistance: If $2.67T is breached, the next resistance is the November 2021 all-time high of $3T.
Potential Support: A rejection could lead to a test of the next area of support at $2.05T - $2.17T.
🌐 Note: Market dynamics can change rapidly. Stay informed about the overall market sentiment and be ready to adapt your strategy accordingly.
Bitcoin (BTC/USD) - Resistance and Support Levels - Weekly chartBitcoin (BTC/USD) price is uptrending and currently testing all-time high price levels, again in March 2024.
Bitcoin price needs to break and hold above $70000 to continue the uptrend this year in 2024.
Weekly Resistance pivot point levels are: $70000, $80693, $90000, $98690, and $116687.
Weekly Support pivot point levels are: $60000, $52511, $40000, $34514, and $24329.
Yellow lines represent Trendlines for either resistance or support.
Orange lines represent price Pivot Points for either resistance or support.
Weekly chart consists of nearly 11 years of Bitcoin price data (March 2013 to March 2024).
Total Crypto Marketcap --- PLan Your Exit#TOTAL Crypto has already doubled from it's bear bottom, to it's most recent high.
We are almost in 2024, well into crypto summer now
time is really running out to prepare your portfolio for the inevitable Bull market euphoria phase.
I bring this chart up just to remind everyone, that this cycle has potential to be one of the worst in terms of multiple expansions we have seen so far.
We have gone from exploding 340X in one cycle.. to 33X the last cycle.
I expect this time round it will be a single digit multiplier.
We have to hope and pray we do indeed break the previous ATH , and we don't double top at 3 trillion.. of which there is no guarantee!
My realistic target is around 5 Trillion Dollars, which may sound pessimistic at only 3.5X from here ... but that means your Altcoins adding at least a Trillion dollars of value from here!
Optimistically i'm looking at around 7 trillion dollars, no mean feat!
BTC.d at 30% would equal BTC 2.1 Trillion or $110k per coin.
Long Term Crypto Market Cap PredictionThis is my quick but accurate ;) crypto market cap prediction for the long term.
My target for the current bull run is a 6-8 trillion $ market cap by the end of 2024. When we reach this region/area, I will be taking significant profits and looking towards the next phase in 2026/27.
A quick reminder about the previous Wedge/Pennant on Total chartSo I started charting this pattern in 2022 it was a falling wedge but on even larger time frames I realized it was not just a falling wedge but a bullish pennant as well. We broke up from this pattern all the way back at the beginning of 2023 and as you can see here on the monthly chart, price action did what it usually does once it breaks up from a large timeframe wedge and we are already well on our way and have unquestionably validated its breakout. What struck me as astonishing about ths pattern was that its measured move target was all the way up around 17 trillion. However not long after charting the target, maybe a couple months at most, news broke I think possibly via Forbes that Black Roc was saying 15 trillion in liquidity was going to be soon flooding into the crypto markets. When I read this it suddenly made the 17 trillion target make perfect sense. Now that we are seeing these ETFs cause huge pumps week after week I wanted to kind of repost a slightly cleaned up rendition of the previous version of this chart I posted to make it slightly easier to keep an eye on price action as it continues its way towards such a massive target. Also to remind people that this is where we are heading. Interestingly enough, another bull pennant we broke up from on the larger timeframe logarithmic chart also had this exact same target as its full measured move. So I suppose there is a chance that since it will take 2-3 bull markets for that previous bull pennant tor each its fulll target tat ts possible for this current pennant to not reach its full target in the current bull run but instead the very next one. However at the parabolic pace and momentum we are starting to gain thanks to spot etfs, it’s very very plausible we can reach 17 trillion on the current bull run. I will be keepin a close eye on this target, the pi cycle top indicator, and my pitchfork of channels that tie multiple cycles tops and bottoms together for the best signal of when the top is truly in. *not financial advice*
Silicon Valley's Lab RatCrypto is an experiment. A new way for illegal payments to be more accessible to the masses.
Decentralization is a fancy way of saying that Bitcoin is digital black money. Black is the color banks are allergic to.
Is Bitcoin strong enough to battle against Banks?
To follow its paradigm, 23 thousand more coins have been opportunistically created. Each one of them attempts to get a piece of the black market pie.
There is no law that forces Bitcoin to be an ever-growing commodity. There is no law that forces it to go to waste. The only law behind it is supply and demand. And if you have been paying attention, we haven't had much supply up here...
If you want this coin to grow further, you must see where the majority of buyers are at. In this case, the buyers are quite lower. Now we are in a zone where the excitement of a Bitcoin ETF is clouding your judgement. If you clear your mind, you will realize that we are in the same story over and over again. An eternal attempt to trap buyers and sellers in the wrong place.
The main chart calculates an extremely simple quantity: How much more expensive is the next contract than the current one? This is one of the ways to calculate bullishness/bearishness in market. Now it is in an all-time high. In similar levels to March of 2021. And boy this is bad news.
Notice a similarity???
Let me explain further...
No words need be spoken. A classic redistribution pattern appears in both cases. And the pattern is eerily similar.
In the end, it is déjà vu.
Further analysis:
Human psychology is independent of instrument or timeframe.
Déjà vu, over and over and over again...
Bitcoin may be Silicon Valley's Lab Rat. Don't be Bitcoin's Lab Rat.
A serious trader must be neither excited nor fearful.
Tread lightly, for this is hallowed ground.
-Father Grigori
TOTAL - Sideways for a yearIdk, it looks nice like this.
And because i should write something more not just that vague text at the top ... I'm writing this so I have enough characters, lol.
Anyway. Let's see how market will develop. I mean making prediction on monthly chart is beyond technical analysis.
The 1 month Linear Chart’s wedge target is nearing I just recently posted about the logarithmic wedge which is also a bullish pennant and how it will take us much higher, but also wanted to post a chart with an update of the other wedge we also broke up from back at the beginning of 2023 (shown here in pink). It has now been a little over a year since the breakout of this monthly time frame pattern and like clockwork the price is doing exactly what I had anticipated it eventually would all the way back then. We can see price is now nearing the wedge target of 2.493 trillion for the total crypto market cap. This is the next zone to watch where we could potentially experience some sort of correction after reaching. I went ahead and also included the flagpole of a pennant that is better visualized on the weekly chart and it is telling us that eventually we should also reach its target of 3.436trillion as well. Odds are very good we will see consolidation in between the 2 targets. Being a 1month pattern, that is why it took so many multiple months to get close to reaching this first target, and it can also take several more months before reaching the next higher target is well even though they both broke out at the same time. Looking forward to pressing play on this chart a few months from now and eyeing the price action inch closer to the top target. *not financial advice*
BTCUSDT will be runninghello guys...
I know you see numerous bearish analyses and signals but in the weekly time frame, BINANCE:BTCUSD bitcoin and Ethereum are still bullish!
it is my long-term perspective (4 years) for Ethereum:
let's back to BINANCE:BTCUSDT this coin after running so sharp made a knife-up pattern or a strong rally move and after that correct 33% of the last movement (the first sign of a bullish trend)
on the other hand, the RSI indicator shows a divergence (the second sign)!
now the price is on the top of an ascending channel and I believe it is gathering power and money for breaking up!
⭐︎⭐︎⭐︎ target1: 57500
⭐︎⭐︎⭐︎ target1: 72000
______________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
Crypto Market approaches a $2 Trillion Market CapTotal Crypto Market Cap - CRYPTOCAP:TOTAL
This was one of the first charts I shared here on Trading view in April 2023.
✅ Above 10 month moving average
✅ 9 months into a 29 month bull run timeframe
The crypto industry is just short of a $2 trillion market cap valuation.
I hope this chart helped get the wind at your back for this long term bullish trade. I have more to come.
CRYPTOCAP:BTC #Bitcoin
PUKA
TOTALTOTAL - is the total market capitalization of all cryptocurrencies.
We have come to a big resistance at 1.732. If we manage to break through and gain a foothold higher, then we will consider the targets indicated by blue lines.
The crypto market as a whole may still show growth. But you need to be extremely careful, since the cryptocurrency has already grown well.
Also you can ask for only 1 altcoins analysis and i will try to do my best to cover as much as i can✍️
crypto $TOTAL 10T Mcap or more?recession bla bla bla
pullback bla bla bla
black swan bla bla bla
...ignore all that, the real question is what marks the top of this next cycle?
With the crypto total mcap holding above the VAH and all pivot avwaps it looks like heights are on the cards.
Of course blackrock and saylor got in at the right time, and it seems they will be propping and propelling the market to new ATHs.
When the mcap breaks 3T it will look to tag the 0.5 fib channel at around 10T, the question is if it can break up the mid channel where does it go?
in terms of distribution around 10T, im imagine 4-5T to be in bitcoin, and the rest distributed to the top 500-1000 alts projects (imagine an average 100B per coin - that will be wild).
whatever your targets are, aim higher!
Cruising Crypto Highs: Unraveling the Bullish Wavehello guys...
as you can see the price once broke up the ascending channel as well. and hunt the last range or consolidation!
as you can see from the bottom of the range the price hunted before!
so we can assume the first hunt was manipulating and the main trend is bullish!
______________________
always do your research.
If you have any questions, you can write them in the comments below, and I will answer them.
And please don't forget to support this idea with your likes and comment
TOTAL MARKET CAP update - choose your poison degenTOTAL MARKET CAP update - choose your poison degen
update
i am going to use this as a guide, breakdown is quite clear, just keep a level head and if we start diving below; pull the plug. if we go up for now again then you can thank ,,, this crazy market.
zoom out on the map to see the only two points in history that have the same momentum signature.
gl