TOTAL & BTC: Guide to Trend Line AnalysisHi Traders, Investors and Speculators of Charts📈📉
One of the most important parts of trading is following the macro phase and planning your trades. The only way to do this, is to pre-identify the macro market cycle that's currently playing out, as well as determine key zones of support and resistance. You do this by drawing up trend lines on the chart, from a macro perspective.
Here's a comprehensive Guide to Elliot Wave Theory, done on ETH :
To summarize if you're short on time, Elliot wave identifies upward and downward phases during an overall bullish or bearish cycle. Wave 1-2 can often correct a near 50% from starting point of wave 0-1. This means the price can drop -50%, and you would still be in a bullish cycle .
Now that we've discussed Elliot waves, we can also take a quick look at Wyckoff Method for BTC, which I did over here:
In other words, don't be scared of corrections! Wait and plan your trade. There's no need to force a trade. If you have identified your support and resistance zones with diagonal and horizontal trend lines, you can wait for the price to reach your target and execute a brilliant trade with a great risk-reward setup.
Totalmarketcap
Cryptocurrenices making deeper pullback after FOMC minutesThe USD edged slightly higher, and stocks hit new lows for the week yesterday after the release of FOMC minutes. These minutes revealed that officials expressed concerns about the pace of inflation and noted the possibility of additional rate hikes unless future data suggests otherwise. So cryptos are down as USD seem much more attractive with higher yields/lower treasuries. Crypto total market cap is coming lower, but can be in C wave of a higher degree pullback, but it has room for slightly more weakness till support is reached. Ideally near 1.05/1.06T. So from an Elliott wave perspective, the whole pattern still looks good for bulls, but more time and patience is needed here, during summer pullbacks.
Golden Pocket Rejection We dropped down to a swing failure pattern May 12th. (a long wick down). We then sprang back up on the 15th to create a small range for the month of May. The low and high of that range used to pull the fib and find a golden pocket at 1.15 trillion . We have left that range long ago but since rejected from it twice. I wonder if we will retrace to the POC below and continue ranging? My gut says we go down but that doesn't mean anything really.
Now here's the thing. If you zoom out 100% and draw a fib from the lowest low to the highest high you will see the golden pocket is.........1.15 trillion. I cant make this stuff up.
Total crypto MC vs Gold ??You might call it optimistic but for me it’s obvious, total crypto MC will go higher than btc in percentage due to so many good projects and bitcoin getting old ( like it did last cycle )
From the bottom to new highs it usually takes 700 to 800 days for and bitcoin bull cycle , with my math somewhere between end of 2024 to march 2025 we will see the top .
First target for me will be gold market cap where people waiting for bitcoin mc to get golds which im not sure that happens so ill wait to see if that’s possible at the time .
A bit soon to get a decision but probably i get mine when price was at the date i appointed.
Alts need a 'Small Push' for a HUGE Pump!Market keeps going sideways after XRP vs SEC news favored the crypto market.
Today i will not talk about Fundamentals though but about Technical (TA).
What i like to call the 'All Time Trendline' is the biggest level in my analysis.
In this case this has clearly acted as support in March this year and more recently in June this summer.
At this stage this same level is resistance at 377 Billions.
If and when this level can be breached it can result to a massive Pump (a Rise) in Altcoins as the next level would be much higher at 600 billion dollars.
The price is trapped in a descending channel and those more likely end up offering breakouts.
We are very close to that breakout, we practically need a 'little push' over the 380 billion level.
Nasdaq might give us that little push coming closer to All Time Highs.
Be aware: we are still at resistance (the channel/yellow levels). We still need that little push to break much higher! So we will be on alert!
the Bad scenario is rejection and lower in the channel..still priced at 37-38% likelihood for 296 billion Total 3.
One Love,
The FXPROFESSOR
PS. Time for Alts to rise Bitcoin higher or will a systemic risk do the opposite? We will find out in the next 2-3 months! stay close, stay focused.
Crypto Total Market Cap : ROADMAPHi Guys,
I update the analysis and show you the new roadmap please check the last one and decide to do what do you like to do.
SecondChanceCrypto
⏰25/JULY/23
⛔️DYOR
Always do your research .
If you have any questions, you can write them in the comments below.and I will answer them.
And please don't forget to support this idea with your likes and comments.
The Crypto Market Shakeup (#TOTAL): Breaking Through Key Support🌴 Paradisers, let's delve into the recent developments surrounding the Crypto #TOTAL Market Cap and its potential implications for the cryptocurrency market. 🌴
💎 A significant event has occurred as the Crypto #TOTAL Market Cap broke through a crucial demand area, signaling a potential shift in the overall trend. Adding weight to this observation, a confirmed Head & Shoulders reversal pattern has emerged, indicating that bears have gained complete control. This situation undoubtedly favors the continuation of the downtrend, presenting a rather negative outlook for the crypto market.
💎 At present, a minor pullback would be deemed beneficial for market health. It is anticipated that CRYPTOCAP:TOTAL will reach the previous demand level, the current supply zone, and the downtrend trendline. Should this scenario unfold as expected, it is likely that whales will begin accumulating short positions, leading to a consolidation phase. This consolidation phase sets the stage for #TOTAL to approach the $950B support area, completing the Head & Shoulders pattern and potentially dropping further to the $876B level. In the event that downtrend pressure remains robust, the final wave down could drive the price as low as $800B. Importantly, this support area finds confirmation from the 88.6% Fibonacci retracement and the Volume Profile level.
💎 However, it is crucial to keep in mind that the bearish scenario will hold true only if #TOTAL fails to breach the $1.138T resistance, which previously acted as a bounce point off the downtrend trendline.
Crypto Total Market Cap (TOTAL) can jump by over 40%💎 This is a follow-up on our last #TOTAL forecast, where we anticipated the continuation of the downtrend but considered an alternative scenario as well. Now, the tide has turned as the bulls conquered the supply zone, making our alternative scenario the main focus.
💎We witness the fascinating transformation of resistance into support, with #TotalMarketCap trading close to the long-term uptrend trendline. As long as we avoid a new lower low on the daily chart, the crypto total market capitalization is poised to surge further.
💎This could mark a significant uptrend, particularly since our critical resistance is positioned near 1.6T, a staggering 40% above the current demand zone. Paradisers, take note that this bodes well for the overall cryptocurrency market, and certain altcoins may experience growth of x5, x10, or even more in the upcoming weeks.
💎The MCP team diligently monitors the current support while unearthing those precious crypto gems. Stay tuned as we navigate the exhilarating crypto landscape! 🌴
TOTAL (Cryptocurrencies Total Market Capitalization) Analysis Fundamental Analysis:
The TOTAL or Crypto Total Market Cap is an integrated Complete Cryptocurrencies Market capitalization of all the Crypto coins and tokens and it is demonstrated against USD to show the total market capitalization of the entire crypto environment and it can be used for many speculation and hedging purposes in finance and other related sectors.
it can simply interpreted as how much of fiat currencies has been spent or converted to the Crypto assets or how much is the total value of the entire crypto environment is worth presently in Dollars.
by looking at this index and comparing it with the entire worlds market capitalizations we can understand how much more fiat currencies are there in the world to gets converted to the Crypto or the other way of looking at it is how much more time it takes to Concore the fiat world by crypto and decentralized open markets.
TOTAL Chart includes all the Coins and Tokens i.e BTC,ETH...
Technical Analysis:
we can see that, the chart is currently at the Reaccumulation zone of Fibonacci Golden zone and it has formed Bullish Divergence with MACD Lines and Histogram, which is the sign of Bearish or Retracement wave end and Trend Change to the Next Bullish Cycle and start of the next Impulsive wave.
we have specified the Fibonacci retracement levels which can be used as the significant Pivot Points and Support areas where it can be the best Price or undervalued price to Purchase and Invest on.
there total of 3 Targets defined by Fibonacci Projection of the initial impulsive wave followed by its retracement after the Top Distribution.
the 3 Target gets confirmed as the price triggers the 2 TP followed by some retracement and price correction.
TOTAL (Crypto Total Market Cap) Index Analysis 05/01/2022Fundamental Analysis:
a very simple way of Fundamentally analyzing this Index is to look for the other markets indices including US and Europeans ones, such as Dow Jones and S&P 500, it is very observable that these Equity Markets are very much inflated and shall Retrace to the lower levels and correct themselves and get converged to their intrinsic values.
in other word we can say the liquidity shall get diverted from these markets to some other Asset Class, this means gold and silver as well as Digital Assets which are Cryptocurrencies and their underlying technology such as Blockchain and even their future Projects like DeFi and related Financial and Applied Areas.
By looking at the current statues of the Equity Indices and analyzing them we can come to the conclusion that these markets are doomed to fall soon hence a massive transaction of their liquidity to these new Asset class.
lets look at some of our analysis on these Indices such as DJI:
US 500:
it seems very obvious to us that the collapse of these markets shall Couse a huge rise on other alternative markets
assuming the minimum retracement or fall of 20% for each market and considering their Market capitalization of 40.7 Trillion for US500 and 10 Trillion Dollars of DJI and of course the market capital of other European markets.
the Domino effect of markets fall shall consequences to the other markets fall around the world, we can expect minimum of 4 to 10 Trillion dollars of Liquidity shifts from these markets to the Crypto currencies Industry and ecosystems.
these massive amount of liquidity shift shall Couse a huge pomp and rise in the new and even old Projects on various sectors of Crypto world.
mean while we may have some more fall of the Total Market Capitalization of cryptos to lower levels due to some existing fear and Rug pool and Scam Projects but these events should not be having any long term effect and can get recovered on a very fast pace.
the other factors of the wealth transition to the decentralized finance world can be the totalitarians policies and dids of the different establishments around the world such as China, India, middle east counties, or even the implode of some dictatorships systems Like turkey and Iran which will drive the Public funds to more stable and liquidly asset class such as cryptos.
the world banking system too has lots of over leveraged Projects which can be liquidated and Couse a huge market collapse and distrust with their investors the public which will eventually Couse the wealth transition to the decentralized transparent venues such as Blockchain based Cryptocurrencies.
Technical Analysis:
There exist A Hidden Bullish Divergence of Price with MACD, it occurs on a Bullish trend and it is a very significant Sign of Bullish trend continuation.
the Hidden Bullish Divergence is specified with the Green connecting lines.
we draw the Fibonacci retracement from the low point of 0 to the ATH where we can see the dips of the Price falls are having perfect confluences with the Retracement Levels of Fibonacci hence we defined our two Targets using the same Fibonacci extension Levels.
as the Markets fall chances are still exist, we can use the retracement levels of the Fibonacci to specify the support areas and the market Reaccumulating zones for its new bullish trend initiations.
Update to Crypto cycle indicatorA couple days ago, I published this idea .
It's an idea taken from a setup Will Clemente published on Twitter last year as the crypto space was bottoming, more specifically, as Ethereum hit bottom.
He was using total market cap of USDT + USDC divided by total crypto market cap.
I've revised this to add the next two largest stable coins, DAI and BUSD, by marketcap. Log scale, draw parallel lines and see how it lines up with Bitcoin and Ethereum cycle highs.
It now shows more effectively tops and bottoms intracycle, meaning the summer 2021 selloff now touches the top line, which it did not do previously. The pump prior to the COVID low that coincided with bitcoin halving also gets much closer to the top line, providing a solid indication of another trade opportunity for the following months.
Now, what is interesting is when you plot Ethereum vs. this chart. You do start to notice some differences. Where Bitcoin tops in April 2021, Ethereum rocketed to wild new highs in May while BTC set a lower high, then the entire space sells off together.
They both bottom the same time in the summer, then the next top in November also happens at virtually the same time. So, "alt coin season" seemed to only apply to the April-May '21 timeframe, where after that they moved much more in tandem.
The bottom indicator in the 2022 selloff pinned the Ethereum bottom (it actually goes outside of the top parallel in this setup), but Bitcoin took longer to find bottom. But, unlike the original USDT+USDC/TOTAL chart, we still get a touch on the top line as Bitcoin does its first test below $16,000 in November. The ultimate bottom was only minimally lower in December, at which point the indicator had moved off the upper line, pointing to a bullish divergence despite the ultimate bottom price of the cycle.
Right now, we just set the BTC high coming off the 2022 lows, but Ethereum did not retest its highs at the same time. It set a lower high, which I take as yet one more indication that this is not the most bullish upwards move for the crypto space, combine that with the indicator crossing over that bottom line indicating a market top again, this makes me feel like this is not the place to buy Bitcoin or Eth. I'll wait for the next large dip, likely towards the end of this year, before finding another spot to go long for the big bull run setting up for the post halving bull run, 2024-2025.
Here is a chart of the indicator by itself without the double pane with BTC or ETH:
The 'formula' can be copied and pasted as follows: (CRYPTOCAP:USDT+CRYPTOCAP:USDC+CRYPTOCAP:DAI+GLASSNODE:BUSD_MARKETCAP)/CRYPTOCAP:TOTAL
Then draw a parallel hitting the approximate tops and bottoms, using the logarithmic scale, though I'm more than happy letting the kind of extreme Ethereum '22 bottom be anomalously outside of the top parallel here in order to keep other indications of market bottoms more obvious.
Bearish 5-0 on (Total 3 Excluding - LTC and Stablecoins)There is a Bearish 5-0 visible on the Daily on the Total Market Cap Ex- BTC, ETH, LTC, and the two big USD-based Stable Coins; if it plays out, I think Total 3 will make a new low that will likely take it down to the macro 0.886.
We also have some Hidden Bearish Divergence on the RSI to back it up.
BITCON, TOTAL MARKET CAP & DXY - POSSIBLE BEARISH SIGNSI know the sentiment of late has been very bullish on crypto especially with the Blackrock ETF on the horizon. They just resubmitted their ETF application to the SEC for review today and approval of this would very likely cause a crypto boom. However, the Total Crypto Market Cap is showing signs of weakness which is causing me to reassess our current situation. Until the approval of this ETF, the market is fair game. Given the overall bullish sentiment in the market, a strong pullback would make sense to check the market and close some over zealous longs. The DXY has also had a very hard sell off. A small recovery could also cause further downward pressure on the crypto market.
Looking at the chart for Total Market Cap, I've outlined the bullish inverse head and shoulders we have forming. However, the right shoulder has made a lower high followed by a nasty sell wick back below the neckline. I think it is possible that we see a sell off here as we form more of a bullish continuation pennant in this right shoulder before take off. The daily MACD also just crossed bearish and has been signaling some bearish divergence compared to the price action.
The DXY chart (which will be included below) also had a strong sell off last week. A small recovery might be in store and this would add further selling pressure on BTC and the crypto market as a whole.
I want crypto to moon like everybody else, but the tea leaves are signaling the time might not be just yet. Keep your guards up and protect your funds because you'll want as much as possible in crypto in this next boom. LFG!!
USDT.D DAILY : MARKET ROADMAPHi guys Hope you well.
UMM , As I said before this chart can show us the roadmap of crypto market . now I expect to go the demand box and then pullback , we have same area in bitcoin and total market cap chart .
use this chart for your trade.
SecondChanceCrypto
⏰25/JUNE/23
⛔️DYOR
Always do your research .
If you have any questions, you can write them in the comments below.and I will answer them.
And please don't forget to support this idea with your likes and comments.
TOTALMARKETCAP :CRYPTOHi Guys Hope you well.
As it was said, the downtrend channel was broken and made a significant growth. Now I am waiting to reach the daily supply area, after which we can move towards the trend again. Just note that due to the dominance of Bitcoin, the status of other altcoins is different from Bitcoin.
SecondChanceCrypto
⏰25/JUNE/23
⛔️DYOR
Always do your research .
If you have any questions, you can write them in the comments below.and I will answer them.
And please don't forget to support this idea with your likes and comments.
THIS BREAKOUT WILL CONFIRM THE BEGINNING OF BULL MARKET!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this Total Market Cap update. Looks very interesting.
As you see in the chart, Total M.cap is verge on the breakout in the weekly time frame. Forming a descending triangle in the weekly time frame. If it gives a clear breakout this week, then this will be the confirmation of the beginning of a bull market. Or if we get a rejection from here then we see some correction in the market.
As of now, wait for a confirmed breakout, and meanwhile, just do quick scalps.
What do you think about this?
Do you also think that the bull market will begin from here or do you think that we see another big drop before the bull run?
Share your views in the comment section.
If you like this idea then do support it with like and follow.
Thank You!
TOTAL Market Cap and Volumes indicatorsHow has Volume changed over the years?
Crypto TOTAL Market Cap and Volume
The vertical lines are key moments in TOTAL PA
Starting back in 2017 and again in July 2019, Note how the volume on the Standard VOLUME indicator ( right under PA ) would seem as expected. It increased steadily Till Jan '21 and has been decreasing since, despite a New ATH in Nov '21
Below that is the VAPI ( Volume Accumulation Percentage Indicator)
Note how VAPI was DECREASING before the ATH '17 and High that followed. That then happens again in Nov 2021
In #BTC push since Jan '23 the peak was late Jan and has been decreasing since even though we hit a high on PA in April
Worth learning about in detail
Then the OBV (On-balance volume)
this is fairly straight forward an o real surprises. It was rising till May '21, Dipped and came back up for the Nov '21 ATH. and has been decreasing since. It is easy to read but sometimes can be misleading as we see from above. BUT note how the lower MA's in this indicator "Spike" just before a change of trend
MVRV - Z Score (Market Value to Realised Value Ratio)
This is NOT Volume based but works well with the VAPI and VFI
This one is also worth you Looking into in detail
Tends to Peak and retrace before ATH also
VFI ( Volume Flow indicator)
This is possibly one of my favourites. Very easy,
From 2017 ATH, rapid Drop below ZERO line and then back up to next high in July '19 - ranged pretty well above 0 till Jan '20 and then rose till reached Top in Jan '21 and stayed there till ATH.
It has been descending ever since
For Me VAPI and VFI work well and using the MVRV Z just adds a cushion of info that adds up
Using these to project forwards ( which is never recommended but I like living dangerously ) it is very possible that we will not start heading towards a New ATH until we reach the ZERO line on the VFI in Sept this year. September is not normally a great month so this could be the Turn around month and Oct is lift off ?
This projection also works for the "Waterline" on the Z score to bounce off- last time it did that was March '20, that is if it falls through the line of support it is currently on
Very hard to do a projection on the OBV but the VAPI does also suggest that in Sept this year, it may have reached a Max downside
And Now, I HAVE to say, This could all be So completely Wrong and we could see something completely different and it is highly likely given the current Fundamentals in the world
But at the same time, We have the expected date of Halving in April '24 and the run up begins anywhere from 300 day before ( around now ) , with the next ATH up to 500 days after Halving
SO, Anything can happen from now till April '24, its just things maybe different this time ?
Or will PA begin its push up soon and th eidea of Sep is in fact, a "Dead" Zone during that climb up ?
Time Will tell
This is NOT advice, Just a thinking cap
Enjoy
TOTAL market cap: where it will go?
Let's make it simple: the total market cap is still in a big range since May 2022.
The range's low was marked in December 2022. The range high has been confirmed recently in April 2023, almost a year after the whole market entered in this darvas box (May 2022).
This week, the mid-range (Fib 0.5) was revisited. This level is also where the MA200D is found. Consequently, it's normal that whole market has been bouncing strong from there.
What will be the next to happen?
In charts, I put three scenarios which I consider the most probable to happen. Among them, I have a preference for scenario B, in short-term: The whole market cap to decrease to Fib 0.618. For a further projection, I thinkt that it's still soon to say.
The reasons for my choice (B) are:
From a technical analysis point of view, the total marketcap faces strong resistances: EMA 50D and the trendline starting from April 2023. Moreover, the volume indicator CMF lost its trendline.
On fundamental aspects, the war between SEC and Binance is just at the beginning. Another one is that it will take time (months) for SEC to reply to Blackrock's application on bitcoin ETF.
I'd appreciate if you can share your view on the crypto market and your comment o.n this analysis.
Have a good new week!
Crypto Total Market Cap, $There are several factors that could contribute to the significant drop in cryptocurrency market capitalization to around $42 billion. The following events or factors could affect such a decline:
Massive sell-off of cryptocurrencies: If there was a massive sell-off of cryptocurrencies by investors and traders, demand would decrease and prices would fall. This type of sale could be due to, for example, security concerns, regulatory restrictions or broader economic factors.
Regulation and bans: If countries or regulators take strict measures against cryptocurrencies, such as outright bans or significant regulation, this could lead to a decrease in investor interest and restrictions on cryptocurrency trading.
Technical Issues: In the event of serious technical issues or vulnerabilities in blockchain networks or cryptocurrency exchanges, there could be investor distrust and reduced demand for cryptocurrencies.
Negative Public Opinion: If public opinion about cryptocurrencies were to change dramatically due to, for example, widely publicized fraud, hacking or loss of money, this could lead to a loss of confidence and a decline in the value of cryptocurrencies.
USDT/USD Hidden Bearish Divergence Deathcross SetupUSDT, the so-called stable coin, is now below the Bullish Control Zone on the RSI and is showing MACD Hidden Bearish Divergence on multiple Intraday Timeframes at this level after failing to take back the 55 and 89 EMAs. If this goes as any other chart normally would, I would expect it to go back down to the lows of the range, which in this case would take us down to around 94 cents, but I wouldn't be surprised if it went lower.