TOTAL2
TOTAL2 4HOUR UPDATEWelcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As we can see in the chart that TOAL 2 is trending around this blue channel and from the same downer support line now we are expecting a bounce from the support level
let's see how the daily candle closes.
What's your thought on this?
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Alt-coin Market similar move to July 2021. 130% Pump Incoming? As you can see from the simple chart, the Alt-coin market just recently dipped below the 200ma and then recovered above it. It is a similar move to what happened last July 2021. After bouncing off the lower trend-line, we hope to see the price close above the 200. The last time this happened the Alt-coin market pumped 132% initially. More gains were recorded after a slight correction. Could this happen again?
Total Crypto Market Cap on the weekly chart- still a prominent head and shoulders on the weekly chart
- the total market cap has been in a downtrend since the ATH
- there is a large gap in between the conversion line and base line which indicates a drop
- if there is a retracement the target would be towards the bottom of the ichimoku cloud
- if the total market cap dropped this much (around 25%-30%) it would be ruthless for alts
$170-200 TRILLION MARKER CAP BY 2030 ?- As we can see since 2015 the market did roughly a 1,100,000 % INCREASE!!
- This cycle took around 3 years to top off
- 2018 the market was sitting at around $36-38 Billion it shot up by around 3,100% at its current peak of $2 Trillion
- We have a long way to go, the crypto market is still a BABY!
- We could see a 100X from here until 2030, this is your last chance get in early or get left behind, a time like this will never come again in many lifetimes!!
TOTAL M.CAP UPDATE!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this Total market cap update. Remember my previous Total market cap analysis. When the total market cap is trading around $1.36T I told you that it is making a falling wedge so we can see a drop and the Total market can go to touch the lower trendline. Exactly that is happening now.
Now what? So now I'm expecting a strong bounce in Total market cap is around $1.1T and when this bounce is coming the whole cryptocurrency market is green again.
If we get a daily close below $1.04T then this chart becomes invalid.
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Also, share your views in the comment section.
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total 2There are 3 scenarios for Total 2
If the trend line is broken, it is likely that Total 2 will fall to the next important support area(1 T)
Currently, there is an important support in the region;
-fibo 0.5 _0.618
-static support
-dynamic support
which, if implemented, can increase.
If the red downtrend line in the chart is broken, the Altcoins season will occur.
TOTAL2 total market cap excluding BTC analysisTOTAL2 made a new ATH past the daily supply zone and rejected off the 1.272 fib from the corrective wave prior and pulled back into the 0.5 - 0.618 fib and into a daily demand zone with a big rejection wick, forming a bull flag and breakout with a MACD bullish cross over and forming HH and HL structure. Not sure if the volume data looks accurate here though and also getting a buy signal on the UCTS. Market looks healthy and just a normal correction and continuation from a HTF perspective.
Weekly: Looks great here also showing an intact HH and HL formation uptrend. using fib projection from the high and low of the prior corrective wave on the left (arrowed), price has come into the 1.272 and corrected pulled into the 0.5 - 0.618 fib drawn from the low to the new high before (arrowed) on the right. Price started to reverse with a bullish engulfing candle prior to a bullish pin bar.