TOTAL2 uptrend getting testet2H: Should not the break 1.2 T level!
2D: Broke the trendline next support 1.3 T (78.6 % FIB)!
2W: Bears goal is to break the 1.2 T level while bulls have a hard time holding the current level!
TOTAL2
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
💸
BTC/USD (Sign of Strength?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin may have found support near Fib 0.5 level
-We can see the price reacted to this region and a bounce is happening
-If we plot a descending channel, the price could test the resistance at 60k dollars
-And if a bullish breakout of this channel, we could expect much higher price targets
-If we see a good move above, I'm expecting a recovery for the Altcoin too
-I am now preparing my watchlist for new swing trades in the coming days
-Still, I will not go heavy because BTC still not out of the blue
-Good luck and happy thanksgiving!
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Alt party is coming...We have an cup and handle clearly in total2 weekly chart; here we go to ; you will thank me later!
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.
BTC/USDT (55k Area Potential Support?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin may have reacted bullishly just above the Fib 0.5 level
-This zone is a confluence of mini S/R flip last October 13 trading
-I have plotted a potential descending channel coming from the swing top
-If BTC forms any bullish reversal pattern within this bullish Fib area
-In the coming days or weeks, we can expect the uptrend is not yet over
-And the altcoins will also rally up again considering the BTC Dominance value is decreasing
-For now, I have not opened any swing position as I'm waiting for a better market condition
-Any bullish setups for Altcoins will reduce its accuracy if the overall space is bad
-I hope you guys are also taking this oppurtunity to study and relax a bit
-The market always moves in circles so there is unlimited opportunity
-So we just have to sit back and enjoy the process
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Total Altcoin Crypto CapGreen lines have been drawn and stayed put since everyone was bearish back in August... Check my posts for the same mark up.
We look to be retesting support after a routine cup and handle/ascending triangle breakout to completion (May '21 to October '21).
Currently, I can see 1 of the 2 scenarios (red lines) playing out as we head into Q1 of the new year.
Overall, I believe the recent news on all fronts (celebrities, sponsorships/marketing , news articles, adoption, institutions, politics, retail investors) will push the market into it's continued uptrend around the holiday times. People love to chat around the dinner table. Chad has been making great gains this year... maybe it's time his family finally gets involved. Buying crypto has never been easier than downloading Coinbase - a repeated #1 trending app in the apple store. Spending crypto has never been easier with your CRO/Voyager/Visa USDC savings account (or $KASTA coming in Q1). Now everyone and their grandma can jump in.
Simple analysis of bitcoin
market Analysis: Today, as I was researching the market, I realized that the bitcoin dominance is between a strong resistance and the Moving 200, which I think the Moving 200 will break up in the next week or two, and Bitcoin will have a sharp growth and beyond. Looking at the bitcoin chart, I believe it will be again soon
It sees a price floor of $ 53,000, so I set my purchase orders at 53,300. My analysis is that both bitcoin dominance should go up and altcoins should grow!
How can this happen now? In the next one or two weeks, the Altcoins should have a good price growth and cause the bitcoin dominance to come down and the total 2 lambs to go up after two weeks. Do not forget 30% Altcoin
ALTS ARE ABOUT TO GET HIT WITH A $10 TRILLION MARKET CAPALTS MARKET / USD
After letting Bitcoin have a run for it, it's finally time for ALTS to show who's really the market mover. All I will say is that December will be wild for crypto currencies!
TOTAL 4HOUR UPDATEWelcome to this quick update of TOTAL analysis.
I have tried my best to bring the best possible outcome in this chart .
Total market cap broke out a huge cup and handle pattern already retraced it or support level is 2.427T and resistances level is 2.58T .
I thing the price cam pump from here .
if its broke and close above the support level then the chart will become invalid.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
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
Crypto Total MC correction can be only a pullback, Nov 17Crypto Total Market Cap Correction can be only a pullback to $2.58T (broken resistance)
Also you can see other support levels.
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
BTC/USD (58K Potential Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin failed to hold the immediate support area at 63k dollars
-After a sharp drop down to 58k dollar, the next potential support range
-This fast move by Bitcoin suffered most of Altcoins and I got stopped of my trade
-The market is not good recently so I didn't put heavy on this position
-BTC is technically bearish in the short-term with this type of price action
-I will be careful and only trade a small amount during this type of condition
-Again, this is not the good time to go heavy on Alts when there is no sign of strength
-I'd better not trade or reduce my position size if the market is not in our favor
-Everyone, risk management, and strict self-discipline is very important right now
-If you want to stay in this game for the long term, please control emotion and follow your stop loss
-Good luck and stay safe!
⚠️Please always read the description⚠️
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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ALTCOIN MARKET CAP - ABC Correction Before The Alt Season Altcoin m. cap is brobably doing an abc correction back testing the previous ATH That held us down being a ressistence for 6 months turning it as a support. The higher it goes the more violent those correction are, but we are probably in one right now.
I am not a financial advisor so non of this is a financial advise.
CRYPTOCAP:TOTAL2
Crypto total market cap made a good correctionTotal 2 is in an uptrend channel that until 2 days ago had to show signs from correction to below the channel to the support of 1.49, when the buyers appeared strong again and the train returned to its rails and we expect the roof of the uptrend channel to continue moving. In general, there is a sensitive support point that must be carefully monitored. It is possible to correct it again, which is less likely than before. If nothing special happens, it will continue to rise, otherwise it will return to the lines we have specified and correct. This analysis is for yesterday, when the second case of collapse occurred. In any case, now is a good time to buy at the discounted price that has happened in the market
Alt market wants to explode to 2.4 trillionIn order to do so however it must first break out o this cup and handle pattern it has been forming. Many alts at the moment including Ethereum and Tezos are in similar cup and handle patterns. Just waiting on price action to firmly break above the rimline o the cup and lip it to solidified support first before we can confirm the breakout. It could take it’s sweet time locating just under the rimline for multiple daily candles before I ally breaking above. It could be as early as tomorrows candle or it could be multiple weeks away still. Whales may very well be waiting until they see a bunch of people flipping their alt holdings into btc before they finally try to trigger the total2 c&h breakout. Either way, I don’t anticipate most alts currently in a c&h having their breakout until we see the total 2 chart confirm its breakout. My guess is we will see the breakout sooner rather than later as I anticipate the 1 day 50ma(in orange) will maintain solid support and help to lift price action above the rimline and keep it there.
BTC/USD ($63k Acted Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin is rejected near the 70k dollar psychological level
-An ugly -9% move hitting my swing trades stop-loss location
-Most altcoins are affected with this move recently invalidating some bullish structures of altcoins
-But looking at price structure, BTC reacted at previous local resistance at 63k dollars
-This level is a confluence of EMA19 and Fib 0.5 area which is a good potential support
-We have now a new strong resistance at 69k dollars and immediate support at 63k dollars
-The uptrend is still intact as long as the bulls can defend this support
-I took small losses on my swing trades but I have already updated my watchlist for new ideas
-Guys, if you got stopped out too, don't worry the market is full of oppurtunity
-You just have to look for coins that remain bullish and hold their current support levels
-The good thing also is the BTC dominance level is back at value 43 again which is a good sign for Alts
-So we will have another oppurtunity once BTC shows new strength or consolidate at support
-Good luck and keep safe everyone!
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If you need help🙋 don't hesitate to
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The Rest of the Year TOTAL2TOTAL2 is going to continue to push new highs as time passes
I have plotted what I expect
2021 you have been a quick one
BTC/USD (Test ATH Price?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin respected the EMA 23 and Fib 0.236 from my last update
-A strong entry by the bulls and the price is back above 66k dollars
-If BTC breaks into new ATH, the Fib extension are the potential targets
-But if a failure to break 67k dollars, a test of 63k dollar support is likely
-The price action is bullish again and the same with the Altcoins space
-Since my existing swing trades has hit their targets
-I have opened new positions for potential movers in the coming days
-Make sure to follow strong coins or look for Alts ready for trend reversal only
-Good luck everyone, stay safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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TOTAL2 ab=cd pattern to 2Trillion#TOTAL2
broke out from ascending resistance line and if complete AB=CD pattern at 1.618 fib level at 2 trillion, then #ETH can have at least 30% increase.
also altcoins with low market cap can jump.
Altcoin Market Scenario TOTAL2This is the 4Hr chart for TOTAL2
I believe a double top scenario will play out as price reaches vertical levels
a short correction is definitely needed
BTC/USD (60k Dollars Acting Support?)💎Technical Analysis Summary💎
BTC/USD
-Not much update today, Bitcoin is retesting its local support around 60k dollars
-As long as the bulls can maintain above this region with the confluence of Fib 0.236 and EMA23
-The chances to form a bullish pattern is still in play in the coming days
-Regarding the Altcoin space, I have opened new positions since my existing trades are already in profits
-The Bitcoin Dominance keeps decreasing its value so we can expect another good rally for the Alts
-But always be careful and follow your stop loss location
-Because we will never know if BTC will move wild this weekend
-Once your trade is in your favor, always lock in some profits or move stop loss at breakeven
-This is always a part of your good risk management
-Good luck everyone and stay safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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