TOTAL2
poor crypto noobsBitcoin is the system 2.0 and everybody is getting baited into it. Can u see it, the prison you are building for yourself?
Monero is fundamentally a more valuable asset than Bitcoin, solely because of protocol level privacy.
You can act like individual privacy isn't a pillar of freedom and equality on earth, you will only expose your deficient understanding of the cypherpunk ethos that did give birth to the Bitcoin you pretend to love so dearly.
Market will remain wrong until 1XMR = 1BTC
How to chart crypto market caps beyond TOTAL, TOTAL2, etc.! TradingView offers some awesome abilities to chart the entire market cap for cryptocurrencies using TOTAL, TOTAL2, and OTHERS under CRYPTOCAP. However, I often find myself having inquiries beyond just these symbols, so I would like to introduce how to show other market caps possible using some simple math.
For those who are unaware what the symbols mean under CRYPTOCAP, here is a brief introduction to a few of them:
* CRYPTOCAP:TOTAL - The entire market cap of all cryptocurrencies in the world such that if you were to own every cryptocurrency everywhere, this is how much money you would have
* CRYPTOCAP:TOTAL2 - TOTAL minus the the market cap of Bitcoin
* CRYPTOCAP:BTC.D - Also known as "bitcoin dominance", this represents the percentage of the total market cap which is made up of Bitcoin
* CRYPTOCAP:ETH.D - Similar to BTC.D, this represents the percentage of the total market cap which is made up of Ethereum
* CRYPTOCAP:OTHERS - TOTAL minus most of the cryptocurrencies provided by CRYPTOCAP that end in ".D"
Additionally, for a full list of what OTHERS omits, this can be found at the following page by excluding all the prices described under the section "Total Market Capitalization Dominance, %" on that page.
However, sometimes you might be looking for further market caps (e.g., just bitcoin, etc.). For these, here are some useful equations that might help you out:
* "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2" , aka "the TOTAL market cap for BTC" - The easiest way to calculate the market cap of BTC is "TOTAL-TOTAL2", since the difference between TOTAL and TOTAL2 is the whole of BTC by definition
* "CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100" , aka "the TOTAL market cap for ETH" - Since ETH.D is the total percentage of ETH in the market, multiplying this (as a percentage) by the total market cap yields the total market cap of ETH
* "CRYPTOCAP:TOTAL2-CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100" , aka "the TOTAL market cap of everything BUT BTC and ETH" - Since we just calculated the total market cap of ETH, and since TOTAL2 is the total market cap minus that of BTC, subtracting the latter from the former yields the total market cap minus the two largest behemoths
I should note as well that the market cap of any currency can easily be calculated using the formula ".D*TOTAL/100" so long as "COIN" in this formula has a "dominance" indicator under "CRYPTOCAP", e.g., XRP, LTC, BNB, etc.
To chart any of these symbols, simply enter in the above formulas (without the quotes) instead of the symbol when using the search box in the interactive chart in TradingView. For example, instead of searching for "BTCUSD", try searching for "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2" instead.
Hopefully folks find this useful for their future charting endeavors.
BTC/USDT (Sideways Trading?)💎Technical Analysis Summary💎
BTC/USDT
-Hello everyone, I'm not able to update my BTC idea
-Because there is no significant data at the moment
-Bitcoin is still trading within the Neutral to Bullish zone
-We can see BTC tried to close above 58k dollars
-But the Bears easily send the Bulls back inside the ranging zone
-Many altcoins are benefiting from this sideways trading for the past few days
-And if Bitcoin can finally regain momentum above 58k dollars in the coming days
-Expect these altcoins in the accumulation zone or upside potential continuation
-Will start to break into new higher highs or extremely behave like a rocket ship to the moon
-Guys, please trade responsible and immediately adopt what the market is telling us
-Risk management is the key to survive this game
⚠️Please always read the description⚠️
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BTC/USDT (New Short-term Key Support?)💎Technical Analysis Summary💎
BTC/USDT
-The bulls entered the market with a good bounce back above 0.5 Fib level
-We still have 6 hours left before the daily candle closes
-And if the bulls can maintain above 55k dollars, that is a good sign
-Especially we are seeing good news in terms of fundamentals about Bitcoin & Altcoins
-We are large-cap altcoins are performing well for the past few days
-This is because the BTC Dominance keeps printing lower lows
-And Bitcoin is expected to move sideways within a range for May
-I think we will have another good altcoin season for a few weeks
-But we can not let our guard down, we need to consider the bearish scenarios as well
-I'm eyeing a few altcoins which have not created any significant move yet
-If the market condition will be in our favor this month
-I'm expecting these potential coins can big percentage gains within few weeks
-Alright, Have a nice day and stay safe!
⚠️Please always read the description⚠️
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Not Financial Advice 💸
Please Exercise Risk Management 💱
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Is mega alt season here?As we can see, the market is going to explode and cryptos are becoming more and more usable in real life. Defi is an attractive investment and oracles are connecting crypto world to the real world and also real money flow. So what will happens? the answer is simple, crypto is a new class of asset and people are spend their money to buy it. I think we are in a strong bull market and above 10B is possible for altcoins.
BTC/USDT (The Bulls Must Hold)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin is still trading within the mid resistance zone
-Currently facing minor rejection at 0.618 Fib resistance
-The good news though is the price is holding above the 50DMA
-For me, as long as the 55.8k dollars holds, I'm still bullish
-But if BTC failed and closed below 55k dollars, the bears might re-enter
-We are seeing Altcoins performing well for the past few days
-As the BTC Dominance chart keeps printing a lower low at current at 48 level
-If in case the Bulls can break higher above .618
-And the BTC.D continue to drop or consolidate for a few days
-I think the Altcoins will continue to perform stronger against Bitcoin
-Because BTC will still trade in a range until the 65k ATH is broken
-Please do not just FOMO in on Altcoins that had already pumped so high
-Look for the potential next coin that still in the accumulation phase
-For a high-quality risk to reward ratio perspective
-But this is only for those who have a lot of patience
-Because this is where big money is made
-Thanks for reading my idea!
⚠️Please always read the description⚠️
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BTC/USDT (Testing Mid Resistance)💎Technical Analysis Summary💎
BTC/USDT
-Looking at the 2D time frame chart, BTC found support at 50MA
-We can see two perfect rejected candles closes above the 50MA
-And followed by two green candles and trading at 56.6k dollars
-Currently, Bitcoin is facing a minor mid-Fib resistance zone
-This resistance area is the previous bear flag last April 17-19 trading
-If BTC can reclaim above the 58k dollar and hold
-I think the probabilities to retest the all-time high price increases
-This current 2D candle closes in the next 6 hours
-This is very important to determine the next potential price action this weekend
-And for the first time, the monthly candle is about to close in red
-We will have an indecision candle if we can see higher highs or start to correct
-So please always follow your stop loss because is the only way to cut our emotions and reduce the risk
-Have a nice weekend everyone and stays safe!
⚠️Please always read the description⚠️
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The 10.618 Fibonacci Secret by StyxAs promised i have made the video explaining you my little secret.
backtest it on other assets and you will be surprised what you will find..
if my content brings value to your trading please consider following and sharing me here and on twitter and donating some Tradingview Coins would be of course also very welcome.
looking forward seeing you experiment with this and where it gets you.
Most important charts for next month; Possibility for alt seasonBITSTAMP:BTCUSD
Hello everyone 😃
In this article I want to explain some of the important tips and facts for next month !
Have to mention that there will be more and more tips but I would like to explain some of them.
🙋🏼♂️ Before everything; Don't forget to like our article if you enjoyed it and share your own opinion for next month in comments..
These are the charts that makes your vision more clear on movement in mid-term.
1️⃣ BTC/USD
2️⃣ USDT.D
3️⃣ BTC.D
4️⃣ OTHERS.D
5️⃣ ETH/USD
6️⃣ ETH/BTC
🔴 Before starting to discuss about this charts; These are all can be invalidated by a major fundamental !
1️⃣ BTC/USD : You can use BTC/USD's chart as a single completed chart for whole next moves;
But there are many hidden moves that formed on USDT.D and BTCDOWN/USDT, So it's better to have alternative look on other charts beside BTC/USD.
Now let's analyze the chart :
There are two stiff pressure zones;
It should be ok for BTC to break them but cause of low dominance and low transaction in a day there won't be any volume left on it to break these zones...
Also Moving averages are so near to these stiff zones and they will make it harder for BTC to break them.
📚 So the most proper scenario for BTC/USD in current situation is to have a sideway movement and it will make this possibility for ALTs to bounce !
2️⃣ USDT.D : You can use USDT.D's chart as a accurate pair to compare with BTC's movement and recognize the major direction in mid-term & long-term.
For the best conclusion I would suggest to add BTC/USD's chart on USDT.D chart :
As you can see on chart; There are two possible direction !
USDT.D is trying to break current bearish trendline ( wedge's higher line );
So current candle and next one will be very important for BTC and ALTs.
If USDT.D Break this trendline then there will be more chance for the sideway scenario.
If USDT.D Fails to break this trendline then there will be more chance for BTC to rebound above 50% dominance and continues it's rally to retest ATH !
📌 Have to mention that there is a chance for ALTs to refuse BTC's rebound and use it as a stronger sign to fly.
📚 So the most proper scenario for USDT.D in current situation is to have a breakout cause BTC has reached the resistance zone and we may see another rejection here.
3️⃣ BTC.D : You can use BTC.D's chart as a scale for the BTC's daily volume and ALTs dominance progress.
It's suggested to use it as a single chart !
As you can see BTC.D has reached the support zone;
Current level is important for ALTs and BTC's movement.
If BTC.D rejects to hold above 50%; Then we may see a big altcoin season or a major correction into bull run.
If BTC.D pulls back from this level; Then we may see a continuation on BTC's growth till ATH.
📌 Now fundamentals and huge volume traders are market makers, If ETH leads to break above 2700$ then we may see a start of bigger alt season in mid-term !
📚 We can't make decision on BTC.D for now but as we know, BTC's is at resistance zone and it could be a bad for BTC.D's movement...
In continue we might see more aggressive pushes on ALTs market cap !
4️⃣ TOTAL2 : You can use TOTAL2's chart as a scale for possibility of alt seasons in bull runs.
It's recommended to use TOTAL2 ( Exclude BTC's market cap ) with BTC.D's ( new price scale mode );
As you can see on chart;
TOTAL2 had a bullish crossover on BTC.D's movement.
It means that ALTs are being more stable on BTC's pair; So if BTC failed to hold a level again they won't follow it to those dips or highs !
How ever, BTC is very stronger yet.
For now, TOTAL2 is reaching last resistance's ATH and it will make more possibility for our mega alt season's scenario.
5️⃣ ETH/USD : You can use ETH/USD's chart as a ALTs leader and their progress in micro view ! ( It's easier to analyze )
For better overview we suggest to only Use supports and resistances; Trendlines and moving averages on high time frames.
ETH has reached it's historical trendline which is starts to form from 16th August 2018 !
Also it's moving into a rising wedge. ( Most of rising wedges in bullish market will fail to rejects the pair to lower levels ).
So now there are two major directions ( There are more few direction that I didn't mentioned )
If ETH breaks trendline and holds above it; It will be another confirmation for our alt season's scenario.
If ETH rejects to break trendline; The it will dive for rising wedge's lower retest.
📚 It's better to wait for a confirmation after breakout then we will make decision for it !
6️⃣ ETH/BTC : You can use ETH/BTC's chart as a scale for ETH's leads on BTC's pair and locate the points to enter an ALT coin !
It's better to wait for a breakout on chart and then most of alts will follow ETH on their own pairs.
There is a trendline which is acted as pressure zone and being resistance for ETH movement on BTC's pair !
For all of our chart next days are important; Also we are approaching the end of month and it's make it more important.
This monthly closes on BTC/USD's chart is important also !
📌 There are some visible tries on current candle for breakout; But it didn't confirmed the aggressive movement for ETH yet.
📚 It's better to take a look on daily closes on next days; If ETH succeeded to break and hold above current zone on BTC's pair,
Then we might see the signs of mega alt season after a week.. !
📍 These 6 charts are not recommended by a verified analyzer; All of them are collected from my personal experience !
🔺 Note that this article can become invalidated by a major fundamental.
🔰 What to do in mega alt season ?
There are some suggestions for it;
- Buy major altcoins and take profit with leveraged positions.
- Hold OTHERS ( altcoins that have low market cap )
- Try to find coins with higher potential that have projects or events in short-term and mid-term..
📌 There are some other signs that makes this possibility for ALTs to growth while BTC's accumulating :
1️⃣During the #Bitcoin bull run of 2017 we saw a huge increase on the balance from exchanges.
For now, the trend is the opposite and people are withdrawing their BTCs to personal wallets.
🔰 It means that huge volume traders are holding BTC and low volume traders will try to open contracts and positions on coins which have more volatility than BTC !
2️⃣ Younger inexperienced wallets was sold their BTCs during last minor dives.
🔰 We didn't had a major dive on TOTAL market cap; So it means that they changed their holding types from BTC into ALTs !
3️⃣ Bulls have a $115 million lead on Friday's $930 million Ethereum options expiry, a signal that ETH could be a route to new all-time highs.
🔰 It means that bulls and market makers are trying to reach at new liquidity pool for ETH and it will cause continuation on mid-term after a liquidity event !
After all you can simply see that ALTs are having a upper hand for bounce than BTC's momentum in next month.
- The pre-Alts Season already completed in last 30 days.
- The main one will happen in next days => It will come and go very strongly and fast.
Let me explain it on chart !
BTC listing CME on mid Dec 2017; So it cause a drop on BTC's dominance and then Mega Alt-season happened..
Now Coinbase listing on Nasdaq was on 14th April 2021; So I expect another underperforming from BTC on ALTs.
Hope you enjoyed our article about next month's suggestions 🙌
You can support us with your likes.
Also you can share your opinion with us in comments 😉🙋🏼♂️
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
BTC/USDT (100D MA New Support?)💎Technical Analysis Summary💎
BTC/USDT
-BTC closes below the 100D MA yesterday but was only a fakeout
-The Bulls may have found the new local bottom today
-The 47k dollars is our key level to maintain in the coming weeks
-We know there is a big CME gap from 57k-62k dollars
-This area perfectly coincides with the 50D MA and Fib resistance levels
-Bitcoin must regain above 60k level and hold it for a few days
-To increase our bias back to the bullish side
-If the .618 Fib and 50D MA turns out a strong resistance
-The Bears may enter the market and send the price down again
-It will another challenge for the Bulls to defend the 47k support zone
-I will shift my bias to the Bears because we may form a potential H&S pattern
-For now, let us focus on what the market is telling us and act accordingly
-Please trade responsible because the market can turn around us any time
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
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Through Leaving A Thumbs Up, Comment & Follow 💬
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Bitcoin & Altcoins slipped into Bear market!In these 6 charts, you see the total cryptocurrencies market cap, the total cryptocurrencies market cap without bitcoin, and the bitcoin price chart.
watching them all together will help you decide better and provide a better picture of the situation!
While many think the Bitcoin crash will be an opportunity for altcoins, numbers don't show this! Actually, altcoins are more vulnerable to bear market! and they experienced a 32% price drop in 7 days!
Anyone who denies this reality will pay for that soon!
Market Cap Bullish Divergence, HourlyCharts for TOTAL2 showing price printing lower lows while the rsi indicator printing higher highs, this is an example of a rsi divergence
Charts for TOTAL shows that price is in a possible expanding wedge I would call it, it still looks quite bullish
In comparison though a RSI divergence on TOTAL2 Hourly is a very strong bullish sign, VeRy