TOTAL trade ideas
Crypto Total Market Cap Cycle Elliot Wave AnalysisThe chart explores 3 possibilities of where we could be in the current crypto market cycle.
Case 1 & 2 point to a likely probability that there are still 2 more upward waves to come.
Case 3 explores the possibility that there is at least one more upward move remaining for the cycle. All cases demonstrate that it is highly unlikely that we are at a market top in this cycle.
Total market cap chart Why total is important I hope I dont need to explain. CRYPTOCAP:TOTAL
Possible Targets and explanation idea
➡️Weekly chart. Marked 2 times with trade on indicator moment to SELL and out of crypto
➡️June 2022 was a main bottom for crypto and BTC especial
➡️November - January we are under real value of total
➡️C4L direction showed also November-January whales accumulate aggressively
➡️White zones is depression zones where whales also build average entry for investments
➡️Take profit lines marked by fib levels + take profit indicator before correction
➡️ Correction I think we will see at April-May 2024
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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Trump Inauguration - To the Moon or Sell the News?Crypto Market Cap Nears ATH – Is Another Sell-Off Brewing? 🚀
The total cryptocurrency market cap is currently sitting at $3.62 trillion, inching closer to its all-time high of $3.73 trillion. Bitcoin has been leading the charge, smashing its ATH with renewed bullish momentum. However, recent patterns suggest caution—sell-offs have often followed Bitcoin breakouts this cycle, as traders lock in profits.
Altcoins have also been making headlines. Solana (SOL) has seen an impressive rise, solidifying its place in the top crypto rankings. Meanwhile, the newly hyped Trump Coin has debuted on Robinhood, sparking interest and controversy alike.
With the market cap on the verge of breaking records, it’s a crucial moment to keep an eye on key support and resistance levels. Will we see another sell-off, or is this the start of the next leg up? Our best guess? Some choppinenss around the corner but ultimately the most bullish crypto administration ever will bring in the ATHs! 🚀
Join the discussion below and let’s navigate this market together! 🚀💸
MARKETS week ahead: January 20 – 26Last week in the news
The US inflation is not as scary as investors previously thought. In this sense, they adjusted previous expectations and returned positive sentiment to financial markets. The US equity markets recovered from losses carried two weeks ago. The S&P 500 ended the week at the level of 5.996. The US Dollar continued to gain in strength, but due to general uncertainty, the price of gold also surged back to the $2,7K levels. The US Treasury yields reacted strongly on inflation figures, bringing back the 10Y US benchmark to the level of 4,62%. In the dawn of the US new Administration inauguration, the crypto market also reacted positively, bringing BTC back above the level of $100K.
The US inflation figures were posted during the previous week, which was the major macro event. The inflation rate in December was standing at 0,4% for the month, bringing the inflation figure to 2,9% on a yearly basis. Both figures were in line with market forecasts. At the same time, core inflation was lower from market estimate, reaching 0,2% for the month and 3,2% on a yearly basis. This was information that changed market sentiment from negative to positive. Namely, strong jobs figures initiated a fear among investors that inflation might be higher than previously estimated, in which sense, the Fed will halt further cuts of interest rates. The current situation signals that the market was wrong with previous estimates, and that inflation in the US is on a clear down trend, in which sense, the Fed might continue with planned two rate cuts during the course of this year. The US 10Y Treasury yields also had a strong reaction to inflation data, bringing yields from the 4,8% down to 4,62%. level.
During the previous week markets were discussing a new meme coin issued by a new US President-elected, whose inauguration is scheduled for January 20th. The meme coin was issued on a Solana blockchain, where this coin surged by 12% on Saturday and 23% on Friday. News is reporting that this coin currently has a market cap of nearly $5 billion and is the largest coin on the Solana chain.
The Bank of Japan is again in the spotlight of investors' attention. Namely, there are an increasing number of news reports noting a potential rate hike by the Bank of Japan in order to support the decreasing value of its currency. Reuters mentioned sources from BoJ which noted higher probability that the BoJ will increase its reference rates on a meeting as of the end of January. Market participants are currently pricing 80% chances for a rate hike at the forthcoming BoJ meeting. Due to the significant amount in carry trades, there is a higher probability that the markets in the US might react in a negative manner to this BoJ action.
There was a lot of dust in the media regarding the TikTok ban in the US during previous weeks. However, Reuters posted the latest news that the new President-elect Trump will allow TikTok to operate in the US only if US investors hold 50% stake in the company.
Crypto market cap
As inflation in the US is clearly under control and on its way down, and as inauguration of a new President-elect is coming due, the crypto market turned to the positive hype for one more time. The majority of crypto coins were traded in a positive sentiment during the previous week, increasing total crypto market capitalization by 11% on a weekly level, adding a new $340B to it. Daily trading volumes were also significantly increased to the level of $382B on a daily basis, from $130B traded a week before. Total crypto market cap increase from the end of the previous year currently stands at 11%, where $340B has been added.
Almost all crypto coins ended the week in a positive territory. The highest increase in market cap came from Bitcoin, which increased its value by more than 11% on a weekly basis, adding a new $211B to it. A new $19B came from ETH, which was a weekly increase of around 5% for this coin. XRP was also in the spotlight of the market, which managed to increase its market value by 27% w/w, adding $38B to its market cap. This time Solana should be specially mentioned. Namely, the coin surged by more than 44% after a new meme coin TRUMP was issued on this network, which represents the highest coin on this blockchain. Eventually, the market has a new favorite coin on the market, called TRUMP, issued by the current US President-elect. In only a few days, this coin managed to collect $ 13B in the market cap, and currently takes 16th place on the list of most valuable coins, based on data from Coinmarketcap. The TRUMP coin surged by an incredible 918% for the last seven days.
In line with the significant surge in the market cap, Solana also increased the number of its coins in circulation by 0,5% on a weekly basis. Stellar and Algorand had an increase in circulating coins by 0,2%, each. The number of Tether stablecoins increased by 0,7% during the previous week.
Crypto futures market
The crypto hype is for one more time on the crypto market, but this time also on the crypto futures market. Some interesting developments occurred with BTC futures during the previous week. Namely, all maturities were traded higher by more than 10% on a weekly basis, where futures maturing in December 2026 reached the price of $124.045. This represents the highest ever quoted price for BTC, indicating that the market is extremely positively oriented toward this coin. Futures maturing in December this year ended the week at the level of $114.145.
ETH futures were traded higher around 7,5% for all maturities. Futures maturing as of the end of this year ended the week at the level of $3.778. Those futures maturing in December 2026 managed to cross the $ 4K level, ending the week at $4.057.
13%-18% upside potential for all crypto capitalization3.93 T is a super strong level 1 of resistance that can stop the rally in all cryptos.
From the current level bulls have room for 13%-18% rally in total capitalization of the crypto market.
After that top at or in the Red Target Box I would expect a bearish reversal followed by multi year pullback /consolidation in a grand wave ( 2 ) down
Total market cap The mega bull process started after the US presidential elections, at the end of 700 days from the December 2018 bottom confirmation of the total market cap (november 2020).
The 700-day pattern will be completed in October 2024, starting from the lower confirmation in November 2022, and the mega bull process may begin after the US presidential elections in November 2024.
Total - Giving Us Incredible SignsSo far the total cryptomarketcap has been revealing the future to us. Refer to our previous post when we mentioned we perfectly retest the $3T level as new support:
Now all these trendlines can give us clear signals on market direction.
The first trendline is our green trendline (lower support band). When the market collapsed and wicked to the $3T level (yellow line) the total market cap instantly recovered to close the daily candle body above the green trendline. This was the first major bullish reversal signal for the crypto market.
Now we are actively watching our white trendline (Middle S/R band). This trendline has acted as a support/resistance level for the total crypto market cap. At first the bulls held it as support (green arrows), but then we broke below and the bears were able to create tops at that trendline (red arrows). Currently, marketcap is still below meaning it could act as a resistance level. If marketcap can break above and flip it into a support level again then we will go much higher.
The next level we could watch for is the red trendline (upper band). This only has two touchpoints so far so it cannot be considered a valid trendline, but if we see marketcap start to play with it once we get close that is where your eyes should be.
All Gas and No Breaks ( XRP and Crypto Market Cap)Analysis of XRP/USD & Crypto Market Cap
• XRP/USD Weekly Chart:
XRP continues to demonstrate strong bullish momentum, breaking through resistance levels and moving towards its Year All-Time High (ATH) at $3.3170. With the new weekly candle showing strength, the bullish structure is solid, and the market is setting its sights on retesting higher levels. The New Low (8HR) at $1.8991 has proven to be a solid base for the continued move upward.
• Crypto Total Market Cap (8M Chart):
The overall crypto market cap is also aligned with bullish momentum, moving towards a key previous high at $3.73T. With a solid close above $3.42T, the structure reflects an ongoing recovery from the 21’ High zone ($3.02T), which has acted as a major support. The long-term perspective suggests that once this retest is completed, the market is prepared for a potential breakout toward $4.44T.
• Key Observations:
1. XRP’s consistent bullish structure across higher timeframes (weekly chart) aligns perfectly with the broader market cap recovery.
2. Both XRP and the crypto market cap charts reflect a synchronized upward movement, reinforcing the idea of strength in the overall crypto space.
3. The “waiting for retest” levels in both charts highlight crucial resistance areas to watch for confirmation of sustained momentum.
My Overall Conclusion:
The charts are screaming bullish continuation, with key resistance levels lining up as the next targets. The title “ALL GAS AND NO BRAKES” perfectly captures the relentless momentum we’re witnessing in XRP and the broader crypto market. Stay tuned, as the next few candles could solidify this bullish narrative even further!
TOTAL Chart Updatewe retested our support and made a not so ideal hammer candle. Today’s candle close is very important. If we get a daily close above our yesterday’s candle we can expect a bullish rally to start in the market. USDT.D and BTC.D chart are looking good as well. You can check the details in my profile for more information which might come in handy.
DYOR
Goodluck