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.
Totalmarketcap
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.
[UPDATE TOTAL] I said it multiple times. This a good scenario.Accumulation means accumulation.
Short term:
A) quick pump, then down, then deviation (yellow line), then trend range down, then deviation to 1st of Jan 2021, then up.
B) quick dump, then up, then A)
Long term:
A) meltup after accumulation, then down
B) Up then down again after halving
See chart.
This is one of the scenarios I'm watching.
TOTAL2 IdeaIn idea showing a large up move on the market cap chart
I don't think the current market cap is appropriate at all. We are yet to see the top.
The yellow line shows top points, with the last top being hit in 2017.
The last bull run in my mind was a sort of quasi bull run, leading to the one we are about to see.
Solana is it time for a retest?Here I am again testing the ALPHA and ALPHA NOVA indicator, we will see what it will bring, we have something to test there, the reasons to go up are here, so we will see.
For me, overall, either there will be another phase and the whole market will go up or it will go according to the summer scenario and we will look at very ugly numbers.
BTC/USD (Bitcoin) - 6 Month Uptrend Support Level Test - DailyBitcoin (BTC/USD) price has been downtrending inside a falling wedge pattern for the past 3 months.
Price is currently below the 6 month uptrend support trendline, and is testing the $25000 zone.
If the Bitcoin price closes and continues to fall below $25000, the 6 month uptrend could be at risk.
The next one to two months of Bitcoin price action will likely determine if the uptrend continues or not.
Support Price Levels above $25000 to $20000 must hold for the uptrend to continue in 2023.
Support Price Levels: $25000, $23000, $21000, $20000.
Resistance Price Levels: $27000, $28000, $29000, $30000.
Weekly and Monthly consolidation of Bitcoin was likely due to negative catalysts such as: SEC and CFTC lawsuits against USA crypto exchanges, crypto regulation changes, inflation, decline of metals and commodities, low consumer sentiment, regional bank crisis, recession risk, etc.
CRYPTO MARKET CAP is completing an IH&S and set a 2.18T target.The Crypto Total Market Cap (TOTAL) has broken above its Bear Cycle Falling Wedge since March and is now about to complete the Right Shoulder of the Inverse Head and Shoulders (IH&S) pattern whose Head priced the bottom.
The 1W MA50 (blue trend-line) is the Support since March while the 1W MA100 (green trend-line) the Resistance since May 2022. Standard IH&S patterns go for a 2.0 Fibonacci extension and as you see that falls almost exactly on the 2.17T Resistance (March 28 2022 High). That's at 2.18T and it is our long-term target.
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Is the Crypto total looking to complete the 5th wave?Could we see another leg up for wave 5 completion before the ABC correction?
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Yes it's possible, the market cap could make it's local blow off top and get a re rejection off the 200 3day MA. The mechanicals are lining up for a "possible" move. We wait for the confirmation as there is non yet. The RSI would have to get above it's mid ranging uptrend line with a possible short term break above the top, and the Stochastics would have to make a strong move up. The first glimmer is the Stochastics and there is no confirmation yet.
The Sentiment Oscillator is showing clear bear divergence but it doesn't mean that the final wave isn't possible.
So far this is a text book Elliot wave pattern. It even has a deep wave 2 correction which then usually means a shallower wave 4 correction into the blow off wave 5, and then the eventual A,B,C correction.
We wait and see... signals need to confirm.
Thanks
WeAreSat0shi
TOTAL ANALYSIS (1D)Hi, dear traders. how are you ? Today we have a viewpoint to SELL/SHORT the TOTAL symbol.
For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You
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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CRYPTO TOTAL MARKET CAP DALILY HI Guys Hope you well,
On a daily basis, we are seeing a demand zone, but I am waiting to test the Green support level for the third time as well. And then we can see a rapid upward movement.
SecondChanceCrypto
⏰23/May/23
⛔️(DYOR)
always do your research.
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TOTAL2TOTAL2
Analysis
TOTAL2 is the total market capitalization of cryptocurrencies, excluding the total capitalization of BTC.
The chart clearly shows the formation of a bullish wedge. This is a technical analysis chart pattern that usually heralds a future uptrend.
📐A bullish wedge forms when the price range narrows and trading volumes decrease.
Usually, the exit from the bullish wedge occurs upwards, with a breakout of the upper trend line. This signals a resumption of the growth trend.
It is worth noting that you need to use additional indicators and analyze the news background to confirm the correctness of your forecast. Always trade responsibly and with a cool head.
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