Crypto market at critical decision pointCrypto market at critical decision point directly at beginning of 2022.
A break to the downside might postpone many ATHs of many crypto assets.
A breakout on the other hand might lead to a great year.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*not financial advice
do your own research before investing
Totalmarketcap
Total Market Cap of Cryptocurrencies. Read this article before buying cryptocurrencies.
The use of indexes is very common among stock’s traders and investors as most of the stocks rise and fall correlatively. Similar conditions exist in the cryptocurrency market too!
Most of the times, just about 100 days before BTC halving, prone-to-growth and fundamentally valuable cryptocurrencies begin to grow rapidly.
For instance FTM, ADA, SOL, ETH and so many other cryptocurrencies you must know better than me started to grow before previous halving of Bitcoin, while they are not technically related to BTC at all!
Bitcoin is a tradable assess and may have the possibility to be used as a money transfer tool, but it’s able to play role as an index for other cryptocurrencies which are able to be much profitable than BTC itself. For example FTM rise more than 12000% in 2021, simultaneously BTC grow up only for 65%!
There are so many traders who take a look to BTC chart before buying a crypto but change of BTC dominance is the best witness that BTC is not the best Index.
May be we could use Crypto total market cap as an alternative.
In analysis of TOTAL (Crypto total market cap) an almost strong resistance could be seen in around +30 or +40 percent from current market cap!
Price reacted to the line for 2 times recently and the main strong support is so far away from current situation. It’s a bad news!
The other bad news is that there are about 817 days to the next halving. Most of the times market cap decreases in this period since the supply of bitcoins is high during this time and the bulls will face a difficult battle to win and, as I mentioned earlier, it affects other cryptocurrencies as well.
But the good news is the great resistance can be seen in 0 point of my self-made indicator, Middle Line Confirmations (MLC), which I will publish soon, that is a good sign that the possible correction will not be severe. I think it’s a good time to buy good crypto currencies regarding their Reward to Risk ratio and fundamental analysis which differ from one to another since we hopefully will not be in a long-term correction.
But if we lose the support of 1.581T there may be severe correction that will last about 700 days from now. If that happen the green support line will be broken and we may touch the lower white dotted line between 500B to 700B, since this line is parallel in logarithmic scale with the red resistance line.
Analysis of MLC (middle line confirmations):
April 2019, 0 line of indicator was broken sharply and it led to a 122% grow.
August 2019, line 0 break was associated with resistance and market cap moved just for 35% down!
The next hard break was accompanied by a short move, this time 0 line broken up which it led to 22% growth!
April 2020,0 line broken with ease again and the result is another big move. This time more than 1000%!
Next time again a break with resistance could be seen and the correction limited to 54%
Next break which is an easy one do again end to an almost big move.
If there will be a broken 0 line again here it is perfectly accompanied with great resistance, so there might be powerful buyers who believe these prices of cryptocurrencies are discounts.
Do your own research before buying any assess.
Don’t forget of money management and risk management.
Don’t forget that cryptocurrencies are so volatile.
Regards, Ali
TOTAL - Keep An Eye on TOTAL!I usually keep an eye on TOTAL to get a feeling about the overall crypto market bias. Just like I keep an eye on DXY when it comes to Forex.
From a long-term perspective , the WEEKLY chart on the right, we all agree that we are still overall bullish.
Technically we are trading inside that big brown channel, and we are currently in a correction phase after rejecting the upper bound / brown trendline and 3T round number.
From a medium-term perspective, the DAILY chart on the left, we had a classic higher high, followed by a lower high, and then a break of the previous low. A classic market structure pattern, known as Head&Shoulders.
After breaking below the head and shoulders neckline, marked in gray, the bears took over and TOTAL started trading inside the red channel, making lower highs and lower lows.
That being said, we know that we are overall bearish, but what are the possible scenarios?
Scenario 1: Projection in Purple
A movement till the lower bound / brown trendline and green support zone is expected before the bulls take over by breaking above the red channel.
Scenario 2: Projection in Blue
A sudden shift in momentum, by an aggressive movement from here to break above the gray zone again, invalidating the red channel, signaling that the bulls are taking full control again.
Which scenario do you think is more likely to happen? and Why?
All Strategies Are Good; If Managed Properly!
~Rich
When TetherUSD Spikes, The Market DivesJust something I've been noticing lately. Whenever the price of Tether compared to USD has a spike above $1.00075, the entire market will dive a minute later. The symmetrical dive of every token is obviously in response to one temporarily neededing less USDT to buy every token.
Is this an opportunity for those with custom bots to craft an algorithm to close all the trades when this is detected. Something, as it is indeed a repeating trend.
Is Tether at fault for not balancing their coin fast enough to stop this. It obviously triggers bots to sell, which causes more bots to sell, which then causes humans to sell... And then whales to buy.
Let me know what you guys think? See for yourselves ; the finer the definition on the chart, the clearer it is to see. Happens at 12:37am.
Cheers!
TOTAL (Total market cap) analysis1D:
Looks the same as TOTAL2, new ATH into the 1.618, then corrected into the 0.5 - 0.618 and wicked a daily demand zone forming a bull flag and broke out to the upside. Buy signal on the daily UCTS and a crossover of the MACD.
Weekly: HH and HL uptrend still intact with bullish pin bar and new engulfing candle on the weekly, lets see if price can get about the resistance supply zone and flip it.
TOTAL2 total market cap excluding BTC analysisTOTAL2 made a new ATH past the daily supply zone and rejected off the 1.272 fib from the corrective wave prior and pulled back into the 0.5 - 0.618 fib and into a daily demand zone with a big rejection wick, forming a bull flag and breakout with a MACD bullish cross over and forming HH and HL structure. Not sure if the volume data looks accurate here though and also getting a buy signal on the UCTS. Market looks healthy and just a normal correction and continuation from a HTF perspective.
Weekly: Looks great here also showing an intact HH and HL formation uptrend. using fib projection from the high and low of the prior corrective wave on the left (arrowed), price has come into the 1.272 and corrected pulled into the 0.5 - 0.618 fib drawn from the low to the new high before (arrowed) on the right. Price started to reverse with a bullish engulfing candle prior to a bullish pin bar.
total market cap thoughtsI don't check very often indexes however I did check on this one because, as you can see, TMC has been going down for weeks now and according with TA it might keep going down at least until the beginning of 2022. Even without watching an index is pretty clear there's no much money entering crypto right now and this is the reason why major coins and tokens are too much connected with BTC behaviour while only small market cap coins pumps from time to time. Basically money is moving from a project to another but to see everything pump we need new money to enter again crypto.
Hopefully this will happen in January, meanwhile if you have fiat left.... BUY THE DIP!
Happy holydays.
POC of December 9th next target for #Crypto Marlet Cap AltcoinsPOC of December 9th next target for #Crypto Marlet Cap Altcoins?
POC of past days often act as magnetic attraction.
What do you think? 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency.
*not financial advice
do your own research before investing
Total Crypto Market Capitalization This is the current sentiment at this juncture in time/space. With the current situation with the World and USA economy recognizing the Direction with Digital Currency, We can see Naturally in the graph that the direction of the Crypto market has no option but to continue its current trajectory this is now and from now on to infinity.
CRYPTO MASSIVE Update!!! Must WatchHello IWealth Here, I have been Trading and Teaching for 7 years. and im happy to share my idea that could help you in the crypto space.
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We are looking at the total market cap of Crypto as a whole and we can see clearly that the pull back we had recently is not something to worry about. This paused a start of a accumulation period for the time being and I believe the top of the cycle is not in yet and will probably peak out sometime in 2022/2023. Hold strong and be safe everyone! Happy holidays
3 years of crypto bull marketIts 3 years ago BTC and the total crypto market cap bottomed out in dec 2018. Fast forward to december 2021 and we've rallied up almost 3000% during a massive bull run. For anyone out there looking for a blow off top or a full market reversal, I say be careful what you wish for and be thankful for what you have got.
Could we see new ATH's in 2022? Possibly although in my opinion a relief rally is would already be a gift to the bulls. The market is still pegged to Bitcoin and the market leader is looking far from healthy with bearish divergences all over the shop. Sure, we have a green day right now but haven't we seen them before in the last weeks and what happened just after we regained optimism? There's a new halving for BTC in 2024, just two years away from now and we have yet to see a significant correction as 2021 was mostly a sideways distribution for Bitcoin. With the stock market struggling for confidence and low liquidity during the holidays and a huge options expiration on dec 31st just around the corner, its is - in my opinion - time to be cautious. Thus, be careful what you wish for.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Weeping Or Rejoicing? Areas to Watch on Total Market Cap 😭😄This may be a set up for a bull trap or it could just breakout and keep going higher. I would suggest you wait and diligently watch how this plays out. Remember the big picture is still very bearish for the crypto market. So our analysis here is short term (maybe for the Xmas period)
TOTAL marketcap excluding BTC; ALTCOINS macroTOTAL marketcap excluding BTC; ALTCOINS macro
this is an update of an old macro idea, its linked, have updated where we are based on long term momentum indicator there and obvious similarities in cycle position and macro price action.
this whole thing is probably a rhyme..
we could be entering the final stage here.
it also lines up with other fractals im looking at in terms of peak timing.
gl and god speed.
TOTAL M.CAP UPDATE!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this TOTAL M.CAP update. The market is very boring for the last few weeks and no one can do anything about it. You have to be patient. If you lose your patience then you might make mistakes that affect your portfolio. BTC is trading in at a rangebound level. We have to wait for the bullish confirmation.
Now, let's get to the chart. According to the 3D technical analysis of Total M.cap I have seen that we might come to support which is at 1.04T and that is the last correction. After that correction it pumps and the whole market becomes green again.
So wait for the right time and don't get liquidated by taking leverage positions in this choppy market. Our first aim is to save our hard-earned money. 90% of people made money in the crypto sector but the real winner is who save his hard-earned money.
If you like this idea then do support it with like and follow.
Also, share your views in the comment section.
This isn't financial advice. DYOR before investing.
Thank You!