TOTAL2 Scenarios, Bull and Bear TOTAL2 has formed a strong upward movement, this could be followed by further upward movement, favoring continuation or a downward move, favoring the chart pattern of an inverted H&S
TOTAL2 is the altcoin market, but largely follows BTC and TOTAL
Lets see what happens
4Hr chart
Totalmarketcap
TOTAL - Crypto market phases🟩🟨🟥⬜️Update on this chart since ~5 month dear Crypto Nation😎🚨
These repeating patterns of different market phases are still valid IMO🟩🟨🟥⬜️
Did we finish the A-B-C correction and are at the start of the Bottom market phase for Cryptocurrencies ❓
Let me know your thoughts in the comments🤗
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Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
TOTAl weekly observation EDITTEDPREVIOUS VERSION OF THIS POST GOT MESSED UP AND I LOST TIME TO EDIT SORRY
this one should make more sense
The Green box we are in currently has acted as Support and resistance for a few months now but maybe its time is coming to an end.
Note the exact same day spans on the marked zones.
Note that the Descending channel that PA is in, is getting tighter and currently, as PA remains pressed under the line of resistance, the other trendline Gets closer.
Time is running out for PA to react and react it Must - As you can see, the 112 day limit on the right is exactly when the two lines of Resistance cross each other
Failure of PA to react to this would be a big move to lower support, probably back to wicking down to the $17K Mark on a weekly Candle
We shall see
TOTAl weekly observationThe Green box we are in currently has acted as Support and resistance ofr a few months now but maybe its time is coming to an end.
I notalso note that the Descending channel that PA is in, is getting tighter and currently, as PA remains pressed under the line of resistance, the other line Gets closer.
Time is running out for PA to react and react it Must - As you can see, the 112 day limit on the right is exactly when the two lines of Resistance cross each other
Failure of PA t esed the similar time spans, as marked on the chart, and the 3rd should see us out of that Box, in an uptrend.
You will acpe this would be a big move to lowwer support, probably back to wicking down to the $17K Mark on a weekly Candle
PA needs to break UP
Lets see
TOTAL Crypto Market Cap WEEKLYAs we can see, the Range Top has once again rejected PA in a very similar manner to when it did the same in Jan '21.
That led to 2 weeks of Red and then a short Green to once again Test the upper trendline, which we broke through.
There are a number of things that point towards this possibly repeating itself, not the least of which is the seemingly reawakening DXY.
DXY is also following a possiblr Frsctsl and if it is valid, the push could last up to 2 months - So not 100% confluence but certainly to start with
Also, the 200MA (yellow) has also seemingly rejected PA. So I think it is safe to assume PA will cool down for a bit possiblt coming down to test the diagonal trendline as support
Nothing is ever set in stone but these are ideas............
TOTAL Market CapPA Still holding on to the Neckline of the "FTX crash / Recovery" while the Bearish MACD continues to cool off. PA could visit that lower trendline before MACD turns Bullish again that that would not be a big problem, testing resistance is always a good idea.
It may be Noted that TOTAL3 ( Excluding BTC & ETH) has Still not managed to break over this Neckline, which simply shows that BTC is stronger than ALTS currently but the TOTAL3 chart has being showing a % of gains until this cool off - The ALTS are very much alive
TOTAL Versus TOTAL3 ( Exclude BTC & ETH )A very Simple chart that clearly shows how ALTS are lagging behind BTC in the "recovery " phase but are making a HUGE effort to catch up now and break back over the Neckline of the "FTX Crash" line
Bitcoin has broken over it a week or so ago and is currently hoovering around the $1trillion Cap price - The ALT market has been catching up at a higher rate as can be seen by the larger % Gains daily. on the TOTAL3 chart
Thing is, I have been expecting a Cool off ever Since BTC got back over that neckline but it seems the market will keep pushing till ALTS are out of the dark to...
This is an EPIC show of strength by the Crypto market in general
VERY VERY BULLISH
Total Crypto Market Cap WeeklyI noticed a similarity and thought I'd share
March 2020 Drop in PA was sudden and dramatic as was the V shape recovery.
What I noticed was the % of rise from the long term trendline to where PA levelled out, while it cooled off before the next move and what PA has Just done.
And as you can see, it is very similar and if PA takes 70 days to cool off, as it did before, that takes us to end of March, Which has confluence with other charts about when PA maybe making another Move.
I will stress that this is pure speculation and has no real proof..It is an idea.......but one worth watching I feel
TOTAL Crypto MArket Cap UPDATETOTAL Crypto Market Cap
PA Got back above the Neckline of the "FTX Drop" and got swiftly pushed back below
But this is OK, It took PA to overbought and so now, we need to cool off and gather strength for the next push
Should use trendline as support
PA above 200 EMA now, also support
FED tomorrow so this is very well timed.
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
MARKETS: DebtCeiling 2013& What FollowsHi Traders, Investors and Speculators of the Charts 📈📉
I am passionate about economics and history. Together, these two can tell a compelling story of ow interlinked everything is, and give a glimpse into the future should certain events repeat itself.
That is the core of my argument today as we look at the previous time he US Government hit a debt ceiling, and what happened after.
It would be great if you could watch the video , but if you can't spare 10min here's the summary:
📈 VTI : Vanguard Total Stock Market ETF
I love using the VTI as a general overview of the trend on stocks. You could also use the S&P, it's just a personal preference considering they have interest and hold 50% plus shares of nearly EVERYTHING.
The VTI mostly consolidates and sees some downward price action for three years after USA announces debt crisis. VTI recovers in Jan 2016, three years later.
In other words, in the stock market you may see some down, some up. A near equal amount of buyers and sellers to balance out the total environment. China50 seems to be a precursor of what is about to happen on VTI.
📉 Look for buy opportunities during this time, prepare to hold long term.
📈 GOLD
Gold starts declining before the debt crisis is officially announced. A multiyear bear market follows, one of the worst. Continues up until 2016.
📉 Seems like a good idea to take note of the above and get out of gold, enter again during new lows
📈 BTCUSD / Crypto
We didn't have an overwhelming amount of alts during that time, so only the Bitcoin USD chart can give an idea of what may happen to crypto after a debt ceiling is announced. Interesting to note that BTC rallies almost parabolically and reaches it's first ATH. Then, at the same time the debt crisis is announced. Bitcoin continues into a multi year bear market, only to recover in Jan 2016.
📉 Do I really need to share my unpopular opinion here ... It all depends on how much you believe in history repeating itself.
📈 USOIL / OIL Industry
The oil industry sees the second worst bear market yet, only recovers in Jan 2016 but does not make a higher high until 2020.
📉 Oil saw a sharp v Shape recovery after the announcement of Covid. Oil is still in higher demand than usual considering scarcities so I believe there is another push upwards towards the 3.618 Fibonacci Extension, also the next immediate resistance zone around 200.
📈 EURUSD / strength of the Euro
The announcement of the 2013 debt ceiling sends the Euro into a bear trend against the dollar, bottoming out at 0.76 three years later, again only in 2016.
📉 Euro recently saw a strong V Shaped recovery, but considering the next point you may want to rethink holding Euros:
📈 DXY / Dollar Strength Index
In comparison by percentage, the DXY surpasses every other market. The DXY increases nearly parabolically over this period of time all the way until November 2016. Which naturally ames sense because when there is talks of an economic crises, people tend to sell their assets for CASH which would explain why markets dropped but DXY increases due to higher demand.
📉 Dollars gain against all in Forex markets.
Here's more info on the debt ceiling and what happens if a country defaults:
What are your thoughts on this?
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CryptoCheck
Short term Crypto Total Market Cap AnalysisHi Everyone!
The TOTAL2 Index appears to have found a support area around 428 (see chart below), at least temporarily. Indeed, at the moment I cannot confirm of a bullish impulse structure (rally) formation, so I consider this last bullish leg as a technical rebound, at least until it destroys the resistance. It could be interesting to follow this index in the next sessions/weeks.
If this idea will be supported by your "Likes" we will continue to follow this analysis with updates below.
Thanks for your attention and please... trade with care! 💖