📈 Major Correction: Caught By Surprise?I remember a time when I was feeling so good and great with my paper gains... This is not bad, we tend to feel down when we incur some paper loss.
Neither is real.
When Bitcoin is up and we have a good entry, the only way to win is by securing profits or waiting long-term... Even with the long-term wait, at one point we have to use our assets or cash-out in some way.
When the market is moving down-low and our paper losses are big, we can decide to take the loss and move on or hold. Holding is easy of course... Taking a loss can happen if we are not prepare or simply meet our stop-loss.
Sometimes panic and market-psychology can be the cause of a loss.
Say Bitcoin drops by 30% in a matter of days and instead of waiting since the worst is already over, we sell and the market turns. This can be both panic and market-psychology at work.
Many of us are used to the feeling of losing, selling while down, just being beat and being down.
Some of us are humble enough to secure profits on the way up. The biggest winners are the most humble but that is something most people don't know.
But the topic is not about feelings but about the market; Bitcoin.
It is going down... Are you prepared?
Don't get caught by surprise.
Thanks a lot for your support.
Namaste.
TOTAL trade ideas
MARKETS week ahead: March 18 – 24Last week in the news
Previous week brought back inflation fears on financial markets. The US equities and tech companies ended the week under pressure considering investors fears that the Fed might take a bit more time until the first rate cut, due to persistent inflation. US Treasuries also reacted on the same issue, ending the week one more time higher by 22 basis points. Price of gold and USD remained relatively stable during the week, however, with some volatility. Bitcoin reached its new all time highest levels, but still, ending the week a bit lower, above the $65K.
Inflation continues to be the number one concern for investors on financial markets. During several prior months, it has been on a clear down path, however, the latest data are showing that the Fed`s targeted 2% is going to be a bit harder to achieve. The latest figures for February are showing that the inflation in the US reached 3.2% on a yearly level, which was modestly above market estimate of 3.1%. At the same time, core inflation was standing at 3.8%, also higher from market estimate of 3.7%. Also, it should be considered that the PPI index was higher by 0.6% for a month, which points to a potential for further growth in inflation figures in the coming period. February inflation data were a bit concerning for investors, considering that it might mean that the Fed might take a bit longer time for the first rate cut during the course of this year. What Fed`s opinion on the latest inflation data will be better known during the week ahead, when the FOMC meeting is scheduled, as well as FOMC economic projections.
The Bitcoin frenzy continued during the previous week, with BTC reaching its new all time highest level at $73.4K. Although it finished the week around $66K, the MicroStrategy founder, Michael Saylor, announced a new debt issuance in order to collect additional $525 million with the aim of purchasing additional BTCs. It is currently estimated that MicroStrategy holds 205.000 BTC.
For the last several years, Bitcoin was named by the crypto enthusiasts as a digital gold. The latest analysis is showing that investors are currently almost equally investing in both gold and BTC, but are not transferring funds from one asset to another. As per research report conducted by JPMorgan, the conclusion is that there are no funds flows from BTC funds to gold, or vice versa, but it is rather that investors are just equally buying both gold and BTC. Among buyers are mainly speculative institutional investors and partially retail investors. The report concludes following: “We believe the debt-funded bitcoin purchases by MicroStrategy add leverage and froth to the current crypto rally and raise the risk of more severe deleveraging in a potential downturn in the future”.
CoinDesk is reporting that El Salvador`s President Bukele posted on the X platform that this country stored $400 million worth of Bitcoin into a cold wallet “in a physical vault within our national territory”. The post also included the picture of a wallet holding 5.689,68 BTC.
Crypto market cap
At the beginning of the week, the crypto market had its bull run continued, when the highest market capitalization reached $2.7 trillion. However, the second part of the week brought surprising US inflation data, as well as sort of market exhaustion, considering forthcoming BTC split and disappointed inflation data in the US, so the market entered into correction, ending the week with a total market cap of $2.4 trillion. News are reporting that over $800 million was wiped out from the futures market in forced liquidation. Analysts involved in the matter noted that historically highest levels were the trigger for liquidations in profit taking moves, and that some further moves to the downside are possible in the coming days. Whether this will be the case the market will decide, however, as there are sellers, there are also buyers, like for example MicroStrategy, who prepared a new round of debt securities in order to make new BTC purchases. Regardless of a new all time highest levels, total crypto market capitalization is ending the week around 2% lower from the week before, decreasing it by $62B. Daily trading volumes remained at relatively higher levels, moving around $252B on a daily basis. At Friday`s trading session, daily trading volumes reached the levels of around $400B. Total crypto market capitalization increase from the end of the previous year, currently stands at $819B, which represents a 50% surge from the beginning of this year.
Although the majority of coins finished the week in red, there were several altcoins which continued to perform in a positive manner. Bitcoin had a positive start of the week, however, it ended it with a cap decrease of almost 2%, where $26.7B was wiped from its capitalization. ETH had a higher drop of $38B in value, which was a decrease of 8.1% on a weekly level.
Several other coins with a significant weekly drop in value were Dogecoin, with a drop of $3.7B in value or 15.4%, Cardano lost $2.3B, or 9% in value, Polkadot decreased its cap by $1.1B or almost 8%, while Uniswap lost $1.25B or 14.6% in value. On the opposite side were several coins with quite good performance. Solana completely outperformed the crypto market, with a surge in value of 25% within a single week, adding $16.3B to its market cap. Binance Coin should also be mentioned with an increase of $14.5B in value or almost 20%. Maker managed to gain during the week 9.3% in value, which is an additional increase from 15.9% two weeks ago.
When it comes to coins in circulation, the increased activity still holds. Filecoin added an additional 0.5% of new coins on the market, while Cardano, Solana, Stellar and Polkadot added 0.2% of new coins each. It should be mentioned that Tether still continues to strongly add new coins on the market, increasing the number by 1.7% during the previous week.
Crypto futures market
Despite a significant drop in the value of BTC on the spot market, the BTC futures market managed to catch only a small drop on a weekly basis, related to short term futures. In this sense, futures maturing in March and April this year ended the week by 1.19% lower from the end of the previous week, while the longer term ones were traded higher from the week before. BTC futures maturing in December this year were last traded at level of $74.880 or 1.47% lower on a weekly basis, while those maturing in December 2025 were traded at $79.235 or 2.19% higher from the week before.
At the same time, ETH futures experienced a drop on a weekly basis for all maturities. ETH short term futures were traded lower by more than 7.5%, while the longer term ones were down by more than 4%. ETH futures maturing in December this year are still holding modestly above $4K level, but were down by 3.7% on a weekly basis. Futures maturing in December next year closed the week at price $4.183 or 4.03% lower from the week before.
Crypto Market CapTF: 1 Week
Money has been flowing into crypto and the total market cap for the market has been increasing over the last several months. Based on Volume Profiles and Fibonacci Retracements/Extensions, the market cap could hit ~$12B in the next year or year and half if the bullish market continues to play out.
A pullback to $1.70 to $1.80T in the near term is warranted, but not needed.
Bitcoin and Crypto Market Selloff Analysis (Buy Now or Wait?)On the one hand, this was a needed mini selloff, likely liquidating more leverage out of the system and resetting funding rates.
BTC trying to hold $68k and ETF money still goes brrr...
Will money flow slow, or we get another big push up Monday?
Lots of buy order blocks around $60k up to GETTEX:64K and the crypto day traders are shorting now with that target in mind.
I do expect resistance at the former Market Cycle (Total Market Cap) at $3T.
At least many altcoins are holding here at their 21 day EMA's.
Also a few standouts looking good here for DCA buying.
What do you think?
Total Cryptocap’s log chart just hit the falling wedge targetIf we take the teal bull pennant and only measure the pennant part which is also a falling wedge, the target we get from the breakout has just been hit by our current price action. I felt that was worthy of posting a chart bout. Though bitcoin has already achieved a new all time high days ago, the entire market cap for all of crypto is still just below it’s previous all time high currently. I would expect that to change in the very near future, however there’s always a chance at a retracement once rice hits the full breakout target. Since we just hit the full breakout target of the teal falling wedge, then it could retrace, if it does it may take longer to reach a new all time high. ALso possible for it to pump just enough to reach a new all time high then start its retrcement, correction, or sideways consolidation. Either way we can see as I have stated in previous charts, that this falling wedge is also a very valid bullish pennant and the breakout target once you include the height of the pennants flagpole for your measured move line, Is a staggering 17.5 trillion or so…No guarantee we hit the full target this bull run, however the ay the bitcoin spot etf buying has kind of changed the paradigm of what’s possible there’s definitely a chance we could hit this full target for this current bull run. As I have stated in the past the dotted yellow measured move line to the left is a measured move target from a pennant we broke up from 2 bull cycles ago and it didnt hit its full target in that bull run. However since it is in a very close proximity to the price target of this teal pennant’s measured move breakout target as well, it creates a good bulllish confluence and we could see both targets hit this bull run. I would say worst case scenario we head to those targets by next bull run but very plausibly can reach them during this one. *not financial advice*
Crypto Market: Is the Bubble Bursting or the Bull Run Ongoing?The total market capitalization of the crypto market increasingly seems like we might soon see a reversal for Wave 3, as there isn't much room left for upward movement. We would reach the all-time high in market capitalization just above the 361% extension for Wave 3. Thus, we don't believe there can be much further upward movement. Afterward, we should see a significant decline, potentially into the target area of Wave (B). We're not trading this directly; it's included purely as support for our analysis. Then, we'll look to develop Wave (1) further and see one final push. We're essentially anticipating that after this downturn in market capitalization for Wave 4, we might see a surge in altcoins before a more significant and prolonged correction downward for the overarching Wave (2). It's important to remember that we are in an overarching Wave III, indicating significantly rising prices in the future.
⚠️ Market Overview - TOTAL Cryptocurrency Market Cap ⚠️📊 Analysis:
Current Level: TOTAL (Cryptocurrency Market Cap) is at a level last seen towards the end of the last bull run.
Resistance Zone: Currently in the $2.50T - $2.67T area of resistance, and it's extremely overbought.
BTC in Price Discovery: BTC is in price discovery, and uncertainty exists regarding how high it might go.
Risk Management: Traders need to be cautious and manage their risk tightly over the next couple of days.
Next Resistance: If $2.67T is breached, the next resistance is the November 2021 all-time high of $3T.
Potential Support: A rejection could lead to a test of the next area of support at $2.05T - $2.17T.
🌐 Note: Market dynamics can change rapidly. Stay informed about the overall market sentiment and be ready to adapt your strategy accordingly.
Total market cap
This analysis is grounded solely in the data, timeframes, percentages, and ratios observed during the previous bull run. While acknowledging that an 11 trillion valuation may not seem realistic, the possibility becomes more conceivable with the entry of BlackRock and numerous other significant companies into the market. This could potentially reshape the landscape and lead to unprecedented growth.
MARKETS week ahead: March 11 – 16Last week in the news
Another week since the beginning of this year with markets reaching new all time highest values. The US equity markets continue to be driven by tech companies and expectations of the first Fed's rate cut. During the previous week Bitcoin also breached its highest level from November 2021, reaching shortly the level of $70K. Gold continues to reflect expectations on the future rate cuts and hence, weakening of the USD, reaching also an ATH at $2.185. Even US Treasury prices are rising, bringing yields to the lower grounds. The only asset which lost some of its value was the US dollar.
There have been several important topics during the previous week which drove the markets to the higher grounds, but all of them correlate to only one point – rate cuts are expected during the course of this year. Fed Chair Powell testimony before the Senate Banking Committee during the previous week revealed Powell`s and Fed`s expectations that the rate cuts are likely to occur at “some point” during this year. This was in line with market expectations but also Fed`s forecasts. The second weekly topic was related to the release of jobs data in the US, which showed a modestly increased unemployment rate from 3.7% up to 3.9% in February. Since Fed's decisions are data driven, it was a clear sign for the markets that rate cuts are coming. Current odds, of around 80%, show expectations that the first rate cut might occur in June.
As markets are in a hype mood over AI and BTC ETF, economists are pointing to emerging evidence on a potential new wave of inflation. January inflation in the US of 3.1% y/y came above market expectations. A well known economist, Nouriel Roubini stressed once again a potential for stagflation, especially after elections in the US, as of the end of this year. Stagflation represents the state of an economy dominated by high inflation and low economic output. JPMorgan analysts have also recently pointed to a higher potential for stagflation in the coming period, comparing it with the one experienced during the 1970s.
Fed Chair Powell testimony during the previous week brought to the light another interesting information for the crypto community. Namely, he answered a question related to potential introduction of the central bank digital currency in the US, where he clearly stated that the Fed is not going to recommend any digital dollar in the near future, and that the Fed does not have interest for any kind of system which would provide a view in user`s data to officials.
News is reporting that BlackRock, the largest asset manager in the world, has filed SEC company's plans to make purchases of bitcoin exchange traded products for its Global Allocation Fund. The ETPs also include its own exchange traded fund, IBIT.
Crypto market cap
Although Bitcoin accomplished another milestone for this year with a new all time highest level, the total crypto market capitalization is still on the way to this target. The highest market capitalization reached $3 trillion in November 2021, while current level of capitalisation stands at $2.5 trillion. Investors' interest for placement of funds into riskier assets was certainly supported by the approval of the first BTC ETF, but also by expectations of Fed's first rate cut during the course of this year. Developments in the macro segment during the previous week, in terms of Fed Chair Powell testimony in which he noted a “at some point” move toward the decrease of interest rates, as well as increase in unemployment rate in the US in February, increased investors confidence over the future course of the US economy. Total crypto market capitalization was increased by 11% on a weekly level, with total inflow of $255B. Daily trading volumes remained elevated, reaching their highest weekly level at $495B on Wednesday`s trading session. Total crypto market capitalization increase from the end of the previous year, currently stands at $881B which represents a 54% surge from the beginning of this year.
There have been two milestones accomplished on the crypto market during the previous week, related to major coins. First Bitcoin reached its all time highest level, by reaching the level of $70K, while the second milestone is related to ETH, which managed to surge till the level of $4K. When it comes to performance in a relative terms, ETH outperformed BTC during the week, by increasing its market cap by 14.5%, while BTC was up by 10.6%. However, in nominal terms, BTC added $129B to its total value, while ETH`s surge in cap was around $60B. Majority of other altcoins also had excellent performing week. DOGE gained $4.5B in value, increasing it by 23%. Solana is still gaining investors attention, with an increase of $8.5B in value or almost 15% on a weekly basis. Binance Coin should also be mentioned as an excellent weekly performer with a surge in value of more than 19%, adding around $11.7B to its cap. In nominal terms Theta gained $ 1B, however, it represented almost 47% increase in its market capitalization. Filecoin managed to add almost 30% to its value during the week. There have been only a few losing coins, few of which were Tron with a modest drop in value of 3.2%, while LINK was down by 5.7%. Interestingly, XRP also managed to decrease its value by 0.96% w/w.
Increased activity with coins in circulation continues. During the previous week Filecoin gained 0.7% of new coins on the market, while Miota`s increase in coins was 0.6% on a weekly basis. Tether continues with a strong increase of the circulating coins, adding 2.4% during the previous week (1.3% a week before). Interestingly, Polkadot decreased its circulating coins by -1.9% on a weekly basis, after it had an increase of 2.3% two weeks ago.
Crypto futures market
There was another week in a row with significant moves on the crypto futures market for both BTC and ETH futures. In line with the BTC`s reach of new all-time highest value, the short term futures followed this path, finishing the week around the $70K level, which was an increase of around 8.7% on a weekly level. Longer term BTC futures surged between 9% and 14.6%. BTC futures maturing in December this year were last traded at price $76K, while those maturing a year later closed the week at $77.535 on the CME.
This week ETH futures gained more in relative terms from BTC futures. ETH short term futures were traded around 14% higher from the week before, while the longer term ones were traded above 15% higher for all maturities. Futures maturing in December this year were last traded at $4.164, and those maturing in December next year, ended the week at $4.363.
50 EMA Gold Cross On Weekly Market Cap. First Time Since 2020!!!Great news everybody! We have finally crossed the 50EMA over the 100 day EMA. 100 day EMA is shown as white, 50 as yellow, 10 as blue and 5 as red.
So what dose this mean? The EMA values are the earning moving averages calculated here shown on the weekly time frame. A far view out on the weekly chart will give us a longer term on the trend of the future market direction verses a shorter time frame. The last time we witnessed a golden cross, 50EMA over the 100, was approx. Aug of 2020. The last time occurred we saw an influx in the total crypto market cap growth of slightly over 900 percent. We saw a total market cap of around 326million grow to 3 TRILLION dollars by November of 2021. Today, 1/10/24, marks the official approval of several BTC ETFs. This a huge milestone and win for crypto for all. Now the big players are going to be entering the game with some deep pockets. Make sure to hodl out as market explodes. This is not a short term play, but a clear direction in the trend we will be heading.
Total Crypto Market Cap up to 3.4T$ ? or 15T???A Future-Oriented Scenario: The Cryptocurrency Market’s Path to $15 Trillion
In a world where the boundaries between the traditional financial realm and digital assets are increasingly blurred, the market capitalization of the cryptocurrency market could first reach a significant milestone of $4 trillion. This landmark could serve as a springboard for further growth spurts, particularly through the integration and backing of established financial giants like BlackRock and their extensive portfolio of iShares ETFs, along with innovative crypto ETFs listed on platforms like CoinMarketCap.
The Role of BlackRock and iShares ETFs
The involvement of BlackRock, the world's largest asset manager, could be a pivotal catalyst for the growth of the cryptocurrency market. By incorporating cryptocurrencies into iShares ETFs, BlackRock would not only appeal to institutional investors but also facilitate access to digital assets for individual investors. These steps would increase liquidity, bolster confidence in cryptocurrencies, and lead to wider acceptance.
Impact of Specialized Crypto ETFs
Specialized crypto ETFs like the ARK 21Shares Bitcoin ETF provide a bridge between the traditional financial system and the crypto world by offering a regulated, transparent, and easily accessible way to invest in cryptocurrencies. Such ETFs could play a crucial role in democratizing access to cryptocurrencies while also boosting the market capitalization through new capital inflows.
A Scenario of Exponential Growth
With backing from leading financial institutions and the introduction of crypto ETFs, the cryptocurrency market could experience exponential growth, potentially reaching the $15 trillion mark. This growth would be driven not just by increased capital but also by technological advancements, enhanced regulatory clarity, and the ongoing integration of cryptocurrencies into everyday financial transactions and services.
Summary
While this scenario highlights the immense growth potentials that could arise from the synergy between traditional financial actors and the cryptocurrency world, it remains speculative and subject to a wide array of risks and uncertainties. The actual development of the cryptocurrency market will be influenced by numerous factors, including regulatory decisions, market sentiment, and technological breakthroughs. Investors should therefore always conduct comprehensive research and seek professional advice before investing in the dynamic and volatile cryptocurrency market.
Made by KI
Total Crypto Marketcap --- PLan Your Exit#TOTAL Crypto has already doubled from it's bear bottom, to it's most recent high.
We are almost in 2024, well into crypto summer now
time is really running out to prepare your portfolio for the inevitable Bull market euphoria phase.
I bring this chart up just to remind everyone, that this cycle has potential to be one of the worst in terms of multiple expansions we have seen so far.
We have gone from exploding 340X in one cycle.. to 33X the last cycle.
I expect this time round it will be a single digit multiplier.
We have to hope and pray we do indeed break the previous ATH , and we don't double top at 3 trillion.. of which there is no guarantee!
My realistic target is around 5 Trillion Dollars, which may sound pessimistic at only 3.5X from here ... but that means your Altcoins adding at least a Trillion dollars of value from here!
Optimistically i'm looking at around 7 trillion dollars, no mean feat!
BTC.d at 30% would equal BTC 2.1 Trillion or $110k per coin.
10.33T Total marketcap based on FIBONACCI We take the ATH and ATL of each point and predict exponentially the money flow on the whole market, we have seen totay 06/03/24 he have made the new area resistance in the green box, que question is it will go down or break the resistance and push to the next target box, all depends if the fed on 11 March cut interest rates or derogate the day to a point where economy collapses, war europe vs russia? housing business bubble in eeuu germany and china? bailout of succession of banks collapses ? Definetly with this infinite print on money there is a limit and its the time of the civillians cut with a hidden tax called inflation. Whats next?