Total 2 - Altcoins minus BTC TOTAL 2 - Crypto Market Cap minus BTC
Three confirmations for bull status
1. Above 100 week SMA (No where close)
2. Complete 149 weeks in Pennant (Dec 2023)
3. Break above Point of Control (POC)
The 2018 - 2020 fractal is overlaid for perspective only
The Point of Control (POC) is the price level at which the greatest number of contracts have been traded within a volume profile (THICK RED LINE).
This line naturally coincides with resistance overhead.
Its important to recognize that the chart is just a perspective that aims at helping with timing an entry with a good potential outcome. With three indicators backing your trade you would have a better probability outcome. So we wait for the three confirmations to occur. Could you be accumulating sure.... but why would you when we are under the 100 week SMA appear to have more time to burn before a Bitcoin cycle really kicks off never mind the altcoins. Its important to recognize also that this chart includes ETH and ETH has been performing exceptionally well this cycle. I will be completing another chart excluding eth in coming days.
I hope this chart helps you time your trade and your positing into altcoins, when the time is right, when we have confirmations and the wind at our back.
PUKA
Totalcryptomarket
TOTAL MARKET CAP ANALYSIS!!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
TOTAL MARKET CAP ANALYSIS UPDATE:-The total market cap is moving in a long symmetrical triangle. Currently, it has bounced off its trendline support. The RSI is in the oversold region and is showing a bullish divergence.
A bounce off the trendline support and a solid breakout of the descending trendline will confirm a strong upward move. In case of a sustained breakdown of the ascending trendline, the market is expected to decline.
The MACD crossover is showing a contraction phase. A solid breakout of the symmetrical triangle will confirm the extension movement in the market.
The total market cap is above the ascending trendline support and trading inside the Ichimoku cloud. Volume is very low and the price is in the contraction phase.
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TOTAL2 Different Top Scenarios The recent bull market pushed price into a higher high scenario.
This shows that there is still movement upwards left in the pump.
While the 2017 one shows a lower high, a normal double top, leading to a strong bear market.
Perhaps the bear market we are seeing now will be shorter due to this factor.
TOTAL2 Curved Trend The trend that will take us in to the next bull run
This curve is evident since the start of price formation. I have put an extra dotted line to show what it would look like if the curved trend repeated again.
There is a massive difference however in % between the first being (941411%) and the second only being (3500%)
Bullish heading into the third curve up
📈TOTAL3 is ready to rise above dynamic resistance📉CRYPTOCAP:TOTAL3
Hey everyone, first take a look at my previous analysis and positions.
As previously analyzed, alt-season is coming.
Don't forget to risk-free your position.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
TOTAL Crypto Market CapAs with many other Markets, Crypto took a Dive as fears about SVB came tot he surface but as soon as ideas of safty came out, Look how it recovered. This is one of the MAJOR advatages of Crypto, it really is 24/7, trading any day and at any time. Some people Still cannot get their heads around that.
Anyway, Look at the Volume that came in. thats shows Huge amounts of support
But for now, the Rise in PA may need to take a breather as getting overbought on lower timeframes, and yet, given how the markets are, it would not surprise me if PA jumped once more at some point - it really is a matter of Watch what happens and react accordingly.
Fundimentals may emerge that could knock Crypto market heavily, for instance, the Universal Commercial Code (UCC) guidelines update, - that is actually a new law that bans crypto as a "Currency" but paves the way for CBDC's. Be VERY careful about this.
What's up about crypto market cap💰. TOTAL CRYPROCAP 📈📉Hello guys. This is an update of previous analysis (blow link), The chart is very similar to Bitcoin now. After breakout the trend line , I expected some correction as a pullback and complete the pattern then continuation of upward but this has not happened yet and the market needs that ,Consider it and monitor the price's action in the circles.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion here to me
TOTAL MARKET CAP 12Hr UPDATE BY CRYPTOSANDERS
Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
TOTAL MARKET CAP ANALYSIS UPDATE:-After getting rejected from the strong supply zone, it is now bouncing off the ascending trendline support, where the Ichimoku cloud is also acting as a support.
The MACD crossover is losing bearish momentum, and as long as it holds above the Ichimoku cloud, we can expect a continuation of the bullish trend. While a solid break of the Ichimoku cloud will signal further correction in the Alts.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
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Bullish signs for TOTAL Crypto Market CapA nice simple clean chart showing how the MA's are all beginning to cross Bullish again and the Real Big one we all waiting for is the 50 ( Red) to cross back above the 200 ( Yellow), which, if current paths remain valid, will happen on Thursday 23rd Feb
Also note how PA is now back above the Neckline of the FTX Crash, so recovery is complete.
It has taken a Huge amount of money and weeks of time to get here so expect the chance of a break in events while things cook off for while.
Also bear in mnd, that due to the Bearish words from the FED, the Market may try and push higher before they raise rates but this could lead to a big pull back at a later date, which would not be good
Crypto is at a critcal point again. Watch close and be ready to react, it is open all day, everyday - things can happen anytime
Crypto Total 48k FractalWe have taken liquidity from the last supply area (yellow line) at the top BEFORE the FTX pump
This means all Shorts that have tight stop losses BEFORE FTX DUMP are now taken out.
TOTAL is painting a fractal similar to how it did at 48k
This is concerning, and Long should be very careful here
Crypto total market cap 45 % drop soon. Be ready!Total crypto market cap broke bearishly as Bitcoin did.
We expect a short term bounce and getting rejected at the strong resistance.
Final target for bears: 585 - 600 B
After that we expect the real accumulation face and the new bull market to start.
P.S Don´t get overexcited with a short-term bounce
Total Market View- Yes. BTC fell under 300MA for the first time in 2022.
- No. Total Market Didn't Fall under 300MA in 2022.
- BTC Dominance was 100% in 2013-2017.
- BTC Dominance Top was 70% in 2017-2020.
- BTC Dominance Top was 50% in 2020-2022.
- Crypto industry is growing very fast.
- TheKing will lead the way but, he's not alone anymore.
Happy Tr4Ding!
#ALTCOIN MARKETCAP is Flashing Important Signal.Have a blessed Sunday to you all.
ALTMACP broke to the upside.
I am just skeptical about it for one reason, the confirmation candle closed in the red.
Unless we get a candle closing in green above the same, expect manipulation.
Be careful about holding the maximum portion of your portfolio in ALts.
Alt/BTC pairs will bleed.
I prefer holding BTC and a few alts with fundamental advantages like VRA is 230% already, HFT has started its run( Chart coming soon), and many other Gems APT did 4x.
So follow me if you want to know the next potential 50x coins!
DYOR, This is not financial advice.
Do show your support if you like my work.
Thank you
#PEACE
USA $31.4T Debt: How will this affect BTC and Stocks?❗ WARNING ❗ You're about to read an unpopular opinion...
Over the past few days, we've seen bullish price action across nearly all markets. Infact, this is the first time since 2013 that Bitcoin has closed so many green dailies consecutively. This entire market reversal seemed a bit sudden, and many claimed "bull trap". (I'm a believer in the Macro, so when it comes to pure charting without fundamentals, longing was the way to go over the past few days, no argument on this).
However, another interesting this happened today - the U.S. government hit its $31.4 trillion borrowing limit TODAY, amid a standoff between the Republican-controlled House of Representatives and President Joe Biden's Democrats on lifting the ceiling (which could lead to a major economic crisis in a few months). Suddenly, I thought to myself, the entire reversal seems even more suspicious. Now here's my unpopular opinion : What if this is part of an elaborate plan to eliminate some of the debt? The world is dependent on the dollar, if the US financial system is in trouble, so is most of the world. Everything is just too interconnected at this point. Across the giants of investment world, there are rising concerns about unsettling markets and risking a recession. Senate Republican leader Mitch McConnell predicted that the debt ceiling would be lifted sometime in the first half of 2023 under conditions negotiated by Congress and the White House.
According to Reuters, the White House is refusing to negotiate with Republicans on raising the debt ceiling because it believes that the majority of them will eventually back off their demands, as a growing group of investors, business groups and moderate conservatives warn of the dangers of edging towards a default. The high-stakes deadlock is widely expected to last for months, and could come down to the last minute as each side tests the other ahead of June when the U.S. government might be forced to default on paying its debt. A default means being unable to pay. Because U.S. debt is considered the bedrock of the global financial system, due in part to its stability, a default could shake economies across the world. Americans could also face a recession, including higher unemployment, and the stock and bond markets would likely plunge. Today, a government that defaults may be widely excluded from further credit; some of its overseas assets may be seized; and it may face political pressure from its own domestic bondholders to pay back its debt.
Today on Twitter, Elon Musk said openly that even if the government taxes every billionaire by 100%, it wouldn't even make a notable dent. According to him, the only way to make a notable dent in this debt is to tax the citizens even more. But what about the markets, the whales, the insider trading between banks, governments and large corporations ?? Trading markets is a multi trillion dollar industry. To make it more practical, the total value of global equity trading alone was 41.8 trillion U.S. dollars in the third quarter of 2021. We know that the Total cryptocurrency market is currently standing just under 1T. I'm unable to find data on the total worldwide value of the commodity market, if you do please comment below with your source. It is estimated that the total amount of money in the world is a couple of quadrillion. Whatever that means. Suddenly, 30 Trillion seems pale in comparison.
Furthermore, investment options go far beyond just stocks, cryptocurrency and commodities. Some of the other less frequently discussed options include:
1. High-yield savings accounts
2. Certificates of deposit (CDs)
3. Money market funds
4. Government bonds
5. Corporate bonds
6. Mutual funds
7. Index funds
8. Exchange-traded funds (ETFs)
9. Dividend stocks
10. Real estate
Now imagine, scooping off a bit of cream from the top?? You wouldn't need to necessarily wipe out an entire market, but a good 20% to 30% drop across markets and Bob's your uncle ! The money machine carries on until next time it's overspent. Hike interest rates. Increases taxes. Inflation. Liquidate markets. Repeat cycle.
So the point that I'm trying to get at is this - remember tot take profits. Nothing wrong with taking a hedge to manage your risk during these uncertain economic times. I personally won't be surprised if there's some major "news event" that sends the markets into a overnight flashcrash soon. I could be totally wrong, in fact I would prefer to be wrong in this case.
What are your thoughts on this?
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