TOTAL MARKETCAP!The Total Index was within the resistance range to which it reacted and experienced a relatively heavy correction market. According to the 4-hour chart, Total was moving within a bullish corner pattern, which, with its loss, seems to have entered a corrective phase in the market.Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
Totalcryptomarket
Total Market Cap – Projection ReviewIt took 7 years of market ups and downs, from 2010 to 2017, for the crypto complex to reach a total Market Capitalisation of $761B. However, a similar amount ($741B) has been added in the past 3.5 weeks. Think about that a little, as much new capital has been added to the crypto markets in 4 weeks as existed in the market at the 2017 peak!
So time for a review of my previous study to recalibrate for the extended correction and the market cycle.
#TOTAL CRYPTO MCAP in Danger Position! Here's Why...Welcome to this quick Sunday update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Let's get to the chart.
This is the total crypto market cap chart.
It's very important to follow this chart in order to understand the overall trend of the crypto market.
W have seen almost third consecutive bullish candle for BTC in weekly.
IMHO BTC needs some pullback including many other altcoins too.
I've said this before
No one got rekt by taking profits.
Although there's a chance that BTC could hit the 48k straight that won't be sustained for long.
In this chart, the mcap is hitting the most important resistance level.
If this resistance is broken and we get a daily close above the 1.84 trillion resistance (the red zone) It's highly likely we will hit the 48k -49k level on or before 15th Aug 2021 in BTC. The whole market will pump together.
The support remains from 1.53 to 1.67 trillion.
What's your thought on this?
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#PEACE
Total Marketcap breaking out...Welcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
Let's get to the chart.
The total market cap chart looks really bullish here after breaking the $1.4 Trillion resistance level.
By the end of this week if the Total market cap closes above $1.68 trillion it's highly likely we will see a rally towards $1.77 to $1.8 trillion which will eventually push the whole crypto market. Both Altcoins and Bitcoin will pump together.
This is a very important chart that only a few people who always want to stay ahead use.
The structure exactly looks like BTC at 36k level.
INVALIDATION: Weekly close below $1.41 trillion.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
#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.
#ALTCOIN SEASON only if it happens!!!Welcome to this quick update, everyone.
I got many requests for analyzing the Altcoin Marketcap
BTC has been acting strangely these days and I am more of a TA guy rather than the fundamentals.
TBH Fundamentals play a very major role in Crypto.
But charts always give us a hint ahead of the news, doesn't matter Bearish or Bullish .
Let's get straight to the chart:-
The TOTAL2 represents the Total Altcoin market cap.
According to this chart, the Alt mcap must rally towards $800 billion in the next few weeks keeping in mind the $733 Billion mark holds.
Currently, we are at an important level of support.
Observe the channel support as well as the Yellow trendline.
Trying to breakout positively. Breakout and a bullish retest confirm the uptrend in altcoins which will eventually give us a green altcoin week.
What's your thought on this?
Do you think Alts will rally?
Share your views if you have any in the comment section and do not forget to hit the like button if you like my updates.
Thank you
#PEACE
Hodling my Bullish stance - MCAPOn the daily for TOTAL2 we can see a falling wedge forming and nearly complete, after bouncing off the 200MA
While the MACD is showing signs of a double bottom also
On a larger perspective (right) I have plotted the curves that are relevant to the market and two points that are very comparable
We are experiencing a pullback within a bull market
Hodl
OTHERS MCAP, Emphasis on June 2022Many of my charts are suggesting a June 2022 end to the bull market
Similar price points can be seen at .618 and 1.618
The curved pattern is pretty cool to observe, I wonder if it will continue further upwards
We are currently in the green circle, a pullback after a bull run, preparing us for the bigger second phase bull run, which is plotted after the green circle
This chart above also suggest June 2022
Mess with the Bull.. you know the restThe TOTAL crypto market cap is consolidating above the 1.618 Fibonacci level, assuming the trendline i have drawn is the strongest possible. This is a dip, and should be treated like one, calmly and bought up ASAP.
You can also see on the Gaussian Channel indicator the bear market stretches were similar in time sense both being around ~280 days.
We have a lot more coming, believe.
Altcoin MarketCap is Supported TOTAL2Hoping for a power move through 0.5 (green channel) as not much resistance has formed there in the previous bull run
this isn't over..
The bear market retracement shows that price is currently support at the 1.272 level
Bulls have lead, it is nicely disguised however