BTC apocalypse is nearI'm back with another warning and yes I know I have been repeating myself so here's the latest update...
Bitcoin and the overall crypto market are playing a game of ping pong with the market makers actively sourcing liquidity from the futures market. This creates choppy price action without a real direction within the local range between 45K and 34K. These types of environments are far from ideal for day trading and it is this type of price action that has blown up many accounts over the past months. In my opinion you should stay away from such plays and focus on the long term - at least that's what I'm doing.
Currently Bitcoin is inside a pennant or symmetrical triangle and should be continuing its trend down next week. With the FOMC opening the next trading week we could see some high volatility incoming soon. With inflation through the roof (and no that's not just geopolitical pressure but mostly policy or lack thereof) the Fed WILL TAPER and RATE HIKE AGGRESSIVELY. The Fed has been sitting about for too long hoping for transitory inflation (what a joke), fading supply chain issues (wasn't the real problem to begin with) and aiming for a soft landing. By doing so, they left too much time on the table doing absolutely nothing, that now they are forced to act decisively or completely lose credibility.
This means there is no bullish narrative for the risk-on market (in the mid / short term) regardless of what some "experts" are trying to tell you. Market makers have been preparing for next week since last October so my suggestion is you come prepared as well (whatever that means for your portfolio and your situation). We got some simple levels here that will tell you what will happen: confirmed break of 45K > 56K (very unlikely but never say never), confirmed break of 37K > 30K. Be ready and good luck.
Ps. don't get into risky trades, take the outmost caution, you don't need to make money now, you should make money in the long run.
For more info check the links below.
Totalmarketcap
#TOTAL MARKET CAP IMPORTANT UPDATE MUST READ!!Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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I have tried my best to bring the best possible outcome to this chart, Do not consider financial advice.
TOTAL MARKET CAP UPDATE
As you can see in the chart or absorb in the chart here TOTAK MARKET CAP is making this falling wedge pattern as same it marked in 2018 and dropped 43% and invalided this pattern that was the last drop of the bull market.
Technically as we all know that this is a bullish pattern if this pattern breaks up out and test successfully then we can accept a bounce technically but if it Breaks down 700 billion support then it may drop almost 40%. Yes same as it was done in 2018.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
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TOTAL M.CAP ALSO SHOWS BEARISH RETEST!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL M.cap update.
The total market cap looks bearish here. This recent pump just looks like a bearish retest. As you see in the chart, the total market cap breaks down from the symmetrical triangle in the daily time frame and currently rejecting after the perfect retest.
Two important supports $700B and $550B are I'm looking for after this bearish retest.
Invalidation:- Daily close above $860B
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The total market cap also indicates a bearish retest.
Total 3 bullish pattern emerges This fractal pattern from 19-20 has so far repeated perfectly. The only move left is the explosion upwards into new highs. The whole move is now being followed by a spike in volume . Let's keep an eye on it and see where it goes.
This is not investment advice and you shouldn't take it as such. It's an observation and it's for educational purposes.
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'WeAreSat0shi
#TOTAL MARKET CAP 1DAY ANALYSIS BY CRYPTOSANDERSHello 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 now back at the mid-June levels. Wait for a daily candle closing for more confirmation. A break below this level is bearish. We may see some sideways movement near the support before the next move.
Sorry for my English it is not my native language.
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Total is about to break dynamic support... do not buy or long in this situation .
total is about to break dynamic support and then we will see more than 30% drop from here. it means all coins and btc will bleeding more and more...
i preffer to wait and watch the market , and looking for some buy setup in next weeks on spot...
you can check my weekly total analyze on related ideas...
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Total Crypto Market PredictionThis is the Actual deal I see on the Monthly Chart,
I see we have been on a spike and ow we are about to make the second low in the channel Phase. for short term we may go up to hit the monthly base , then drop down and touch the low of the channel, it could be around 2023 second quarter or third. after that I predict FOMC Stop increasing the interest rate and we have to be at accumulation phase then, and jump for a new huge bull run !
TOTAL2 - Developing the Bottom Structure Plotting a bottom along the 4.618 of a strong downtrend Fib Circle
As you can see the price is moving along this thicker green line
I expect the second bottom to occur and consequently a double bottom occurring
Following this double bottom a rise is in order
This is a complementary post to the one below
Using TOTAL MarketCap & DXY for MACRO TrendHi Traders, Investors and Speculators 📈📉
Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫
The Total Cryptocurrency market cap chart, or TOTAL , can be very useful to identify the macro trend MOST (not all) cryptocurrencies will follow - bullish or bearish. It is also natural to say that if the strength of the Dollar (DXY) keeps increasing, investors will be more likely to sell off their investments for Dollars. When the DXY is at its highest, and the investment markets are at their lowest, the money rotates out of Dollars back into the investment market to buy up stocks and crypto at cheaper prices. This also means, that now is a great time to accumulate your favorite crypto's. NOTE that this does not mean the market's won't go lower, it most definitely can. However, trying to catch the exact bottom often leaves you positionless. It id often here, where traders try to jump onto a moving train (trying to buy as the price keeps rising).
Currently, it looks like the DXY still has another push in it towards the next resistance zone:
Cryptocurrency markets could continue to fall until the DXY cools down. I'll be watching the correlation between these two markets closely and in the meanwhile, expect random mid cap and micro cap altcoins to rally.
Here are 3 Altcoins that I'm accumulating for the next bullish cycle, or Altseason 2023 :
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CryptoCheck
This is the TIME to Put Money in the Crypto🔥🔥🔥🔥In recent weeks we are seeing good decline in dollar index, tht why global market is breathing.
if we analyze TOTAL Crypto Marketcap its really great opportunity to accumulate top cryptos.
if u invest some money now, then i would recommend u to book the profit at 2 trillion dollar marketcap.
[UPDATE TOTAL2] 3 scenarios: A? B? C? It depends on CPI!I'm comfortable with all the 3 scenarios:)
A) Super rally, lower inflation, and then a new inflationary bear cycle
B) Rally, stage 3 and stage 4 of a bear market. New all-time highs in 2026 and 2027.
C) Rally, we go down less than the previous bear markets. More consolidation.
TOTAL M.CAP: BREAK ABOVE THIS LEVEL FOR FULLY BULLISH MODE!!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.
TOTAL M.Cap is forming a symmetrical triangle kind of pattern in the daily time frame. Currently, it is slowly going towards the upper trendline of this triangle. There is some resistance that we need to clear for a good bullish momentum in the crypto market.
If we are able to break and close above the $1.04 Billion level then we see an ultimate bullish rally in the whole crypto market. Let's see if we are able to break above this level or not.
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Total Crypto Market Cap Bullish? Total Crypto Market Cap is in the process of following BTC at the moment getting ready breakout of a falling wedge and a falling channel. I believe this is additional proof that the bull market is in the process of taking of again. Lets see what happens............................
Total Crypto Market Cap Monthly chart looks Amazing!Total Crypto Market Cap Monthly chart
can you see how this is super bullish? Look
at the Ascending Bullish Trendline holding
support perfectly. The DeMark9 Indicator
is showing that there is a super high probability
that the enitre Total Crypto MarketCap is at the bottom.
The 100 Day and the Bull Market Support Band
is at the exact same place on the chart. The
monthly candle only needs to get above and close
above the green line and Bull Market is back in action.
Im looking for us to get there in the coming 30-90 days.
We need a spark to get moving!What a crazy time to be alive. The economic systems at full stress, inflation maxing out, uncertainty, nukes, peace talks, cost of living crisis, expensive electricity and gas in a only recently COVID recovering world.
First thing I point out for everyone expecting a large drop of +-50% is that we have some strong incoming support for total market cap - Longterm upward diagonal trend line and previous ATH (all time high) in pink.
I read yesterday that bitcoins been less volatile than the S&P500 for the first time which really makes me think, are we going to get this mass dip? I don't see the liquidity getting flushed without something big happening first. I.E. Putin doing something stupid, or the US Bond market breaking, the UK's recent government failings have broken the pound, whats next? Just two hypothetical examples, could be anything else as the global economy us under stress everywhere in this post Covid, post mass money printing world.
The USD looks to be topping, if it does wheres that cash going to go? Bonds? Crypto? How will the value of investments be protected when it reverses? Wheres the safest place?
The US has established a communication channel with Russia again, first time since MAY. Could positive negotiations spark an up move? Maybe the interest rate hikes cease, could this be enough to spark an up move off my trendline ideally please!
RSI is moving up as well - great sign but we need to see some volume to add further positive divergence
Or do any possible Russia negotiations go tits up causing the Ukraine war to escalate? Does a housing or bond crisis pop up? and trigger the move down?
Or do we just tail off slowly again for a second bear market year? I would prefer to see the trendline hold, and slowly continue up.
I will note that that if we follow the previous bear market we may get the step down, and then perhaps a step up begins right below the kumo cloud cross, as it did last time. We would also have another 12 - 18 months before a bottoms in based on previous cycle - Early 2024 marking the bottom.
Gun to the head I would have to lean towards my more optimistic side, just given how pessimistic everything seems right now.
Not financial advice. As always at this point the market could go either up or down in my opinion.