MARKET CONDITIONHere we can see that TOTAL MARKET CAP has a RESISTANCE at the zone of "1.4 T" and if it takes RESISTANCE from the zone we can see a good correction in the market. Please avoid to take LONG TRADES at this time and if the the candle takes correction from the point you can look for short trades in the market.
ENJOY!!!!!!!!!
Total
$TOTAL looks good - $BTC LEADS = VERY GOOD SIGN$TOTAL = ALL #CRYPTO including $BTC + $ETH
This index looks good
Volume lacks but majority of ppl were decimated
These are players who still have $, movers, smart $
#TOTAL3 = #altcoins, no #BTC or #Eth
This index is weaker
Shows how STRONG #bitcoin has been = VERY GOOD
📈 Total Crypto Market Cap. Better Than ExpectedI was expecting to see a strong drop, a retrace right after the market grew by more than 300B... This didn't happen.
The TOTAL Index chart is looking better than expected.
We know this one and BTCUSD are quite similar which is normal of course, since Bitcoin is the biggest crypto and thus drives the market to follow whatever it does.
MA200 has been tested as support and it holds.
This is good news as it can open the door for additional growth.
We have a bullish cross of EMA10 and MA200, this is amazing news as it can push everything higher up.
The RSI as it is, support another rise in price.
If there is any kind of bearish action, it should be fast but short-lived.
At most, it would be some sort of shakeout because the bulls are fully ahead... There is really nobody to sell, sellers are exhausted and that is why consolidation is taken place.
No weak hands left?
Then crypto can move ahead.
Namaste.
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As you can see in this chart TOTAL cryptocurrency market cap is in the demand zone at the time.
I show you the next zone near the 820B where it can go soon.
P.S
I do not adhere to a time frame in my analysis of the instrument, a reaction in the instrument may occur earlier or later. It is important to understand the price movement when reacting to the level, as well as the buyer and seller reactions. Well, and a few more secrets, this material is not a trading recommendation )))
What's up about crypto market cap💰. TOTAL CRYPROCAP 📈📉Hello guys. This is an update of previous analysis (blow link), The chart is very similar to Bitcoin now. After breakout the trend line, I expect some correction as a pullback and complete the pattern then continuation of upward ,Consider it and monitor the price's action in the circles.
Good luck.
If you like the idea, do not forget to support with a like and follow me for next analysis :)
Write your comment and opinion here to me
📈 Use The Retrace To Buy-in, Rebuy And Reload (Total-Crypto)After a strong breakout...
After a strong waves...
After an impulse...
It is 100% normal to have corrections and retraces.
If you missed out, this is a great opportunity to buy-in.
If you are already positioned and secured some profits, this will be a great opportunity to rebuy and reload.
Remember to plan and do your own research of course.
Remember to set a stop-loss, etc.
You are responsible for your own actions... This is my view and opinion based on experience and what I see coming from the charts.
I hope you find this information useful.
Previous trade idea | 29-Dec-2022
📈 Cryptocurrency Market Capitalization Likely Grow 200 Billion
Namaste.
📈 Cryptocurrency Market Capitalization Likely Grow 200 BillionWhat would it take for the cryptocurrency market to grow by 100 or 200 billion?
Is this really possible and if yes, how long would it take?
The market makers have been preparing their hands for a while now.
Some big players, some are making a big fuss on social media, are buying into cryptocurrency big time... They will be the cause of this bullish wave.
All it takes is a little spark, the ignition, a catalyst, maybe 3-5 billion to get things going at first.
The snow ball rolls and with each meter going down the slope it grows and grows.
Beliefs have nothing to do with patience, experience and reading charts.
I am just trying to entertain you...
This is entertainment after all.
Being entertained doesn't change the fact that crypto will grow.
It can take 2-3 weeks for the effect to become noticeable to the masses.
It can last 1-2 months... Up to 3 months if we are lucky and then the strongest shaking we've seen in a while... Not Covid but another world changing event...
A preview of what is coming in the future for us.
What our generation will feel through in the coming decades.
Wait and see...
Thanks for the continued support.
Namaste.
We are very close to the bottom.The FTX bankrupcy shocked everybody and with that being written down into history we are quite near or have already had the final capitulation.
Here I'd like to make the distinction between hitting the bottom and trend reversal, a trend reversal usually takes time to print a reversal pattern of some sort, it might be an Adam&Eve, or Ascending Triangle, or Rounding Bottom, with the exception of a very hard to catch 'V shaped' reversal.
In terms of timing I've put on the Fib Time Zone tool(Love tradingview!) and interestingly we are at 1.618 in which pretty much every previous bottom lands.
Please note that as for the time being we still haven't got into any trade, we are monitoring shorter time frames for an entry. (yes we are timing the market and we are good on it)
Just sharing this information to you guys and keep your precious money safe for the next bull run, Take care until next time!
###NOT FINANCIAL ADVICE###
TOTAL Crypto Market Cap nearing bottomThe long-term sharply declining trendline has been broken a few weeks ago. Now we are forming a descending wedge on the weekly chart which has an 80% chance of reversing a trend. A confident upward channel is nearing the upper trendline of the wedge. It may find resistance there and turn back to lower levels. However if it breaks, we have a good chance of reaching the 1.1 - 1.2 Trillion Dollar crypto market cap.
The recent CPI data is making people happy but we need to see more positive fundamental data. Unemployment is still very low, spending is still ongoing at large. A real interest rate-pivot by the FED could mean a sharp return of inflation.
An alternating total value between 750B and 1.2Tr USD could be a realistic screenplay in the coming months. A trader's paradise. :-)
As for HODL strategies, I would still consider this a good level for some DCA. Historically extreme low convergences on the RSI and Stochastic RSI have proven to be good levels to accumulate crypto - BTC mostly as altcoins tend to bleed for a while even after BTC bottoms...
I still believe that visiting the 700B level is not out of the question which could result in BTC finding a new under 15k. The mpst negative possibility in my books is breaking down to a TOTAL crypto market cap of 400B which could take BTC down to somewhere between 10-12k proce range. That would be a great buying opportunity... :-)
A look at the total market cap on the 3 month chartWanted to post this idea simply to show one thing and one thing only. The 2018 bull market top is holding support on the total market cap for multiple 3 month candles here. It broke on btc but is still holding strong for now on the Total chart. *not financial advice*
There are three types of triangle patterns: ascending, descendinHello, welcome to this Types of Three Triangle Pattern Update.
I have tried to bring the best possible outcome to this update
TRIANGLE PATTERN ANALYSIS:-
Symmetrical triangle; The symmetrical triangle follows a bullish trend, so watch carefully for a breakout below the ascending support line, which will signal a market reversal for a downtrend. The symmetrical triangle should be monitored for an upside breakout signal of a bullish market reversal.
A breakout from a symmetrical triangle is generally considered a strong indication of future trend direction that traders can follow with some confidence. Again, the triangle formation provides easy identification of appropriate stop-loss order levels – below the bottom of the triangle when buying, or above the triangle when selling short.
Ascending Triangle; Ascending Triangle Pattern
Because the ascending triangle is a bullish pattern, it’s important to pay close attention to the supporting ascension line because it indicates that bears are gradually exiting the market. Bulls (or buyers) are then capable of pushing security prices past the resistance level indicated by the flat top line of the triangle.
As a trader, it’s wise to be cautious about making trade entries before prices break above the resistance line because the pattern may fail to fully form or be violated by a move to the downside. There is less risk involved by waiting for the confirming breakout. Buyers can then reasonably place stop-loss orders below the low of the triangle pattern.
Descending Triangle; The descending triangle pattern is the exact opposite of the pattern we just discussed. This triangle pattern provides traders with a bearish signal, indicating that the price will continue to move lower as the pattern completes. Again, two trendlines form the pattern, but in this case, the bottom support line is flat, while the top resistance line is sloping down.
Which is formed in a downtrend. If it appears during a long-term uptrend, it is usually taken as a sign of a potential market reversal and trend change. However, each attempt to push the price up is less successful than the one before. , and eventually, the sellers take control of the market and push the price below the supporting lower line of the triangle. This action confirms the signal of the descending triangle pattern that prices are going down. Traders can sell short at the time of a downside breakout, with stop-loss orders placed slightly above the highest price during the formation of the triangle.
Hit the like button if you like it and share your charts in the comments section.
Thank you
📈 Am I The Only One Getting Excited?Is it me or people are really, really negative about crypto while the market is totally recovering?
It seems as if we are hitting new lows yet bitcoin is breaking up, the altcoins are moving up and even the stock market is moving up...
Am I the only one feeling positive or certain that this is not a "fake" breakout?
- If you know this is the real move, let me know in the comments...
- If you are still in a bad-mood, please, also let us know.
The cryptocurrency market is about to have the biggest, strongest bullish wave in years.
Stronger than the mid-2022 dead cat bounce.
Stronger than early 2022... So the biggest wave in years...
Let's enjoy it because we don't know for how long this will go.
---
Thanks for taking the time to read.
I appreciate all the people that take the time to comment.
It is my pleasure to write these trade ideas for you.
My wish is that you enjoy the content, you feel entertained and if you are getting started, you also learn a few tips/tricks...
Oh and of course, if you are a trader... It is my wish that you maximize profits, bear or bull, that you are blessed with the right calls, the best decisions, peace of mind, joy, entertainment while trading and tons of success.
Thanks a lot for the support.
Namaste.
WATCH OUT❗ BearRally Correcting Overleveraged MarketsHi Traders, Investors and Speculators of the Chart📈📉
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. 👩(will be moving to corporate some time in Jan 2023)🏫
Bearish market rallies are meant to look like bottoms - shaking many holders out of their positions. This is because Stop Hunting Algorithms flourish here, hunting out your stop losses with wicks and volatility. In this short analysis, I explore the Total Cryptocurrency Market Cap in depth, using Technical Indicators such as the Bollinger Bands, Volume and Phoenix Ascending.
A formidable resistance zone is currently at 1T for the TOTAL chart, and I would only consider a reversal if we can CLOSE a WEEKLY candle ABOVE 1.1T ⬆ In other words, remember to take profits during a time of upward price action.
IMPORTANT XRP and XLM update coming tomorrow, stay tuned and follow 👀
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📈 About To Gain TOTAL SpeedWe have a bullish cross here on the 12H timeframe for the TOTAL index.
EMA10 is crossing EMA50 to the upside... Things are about to gain speed.
Ever since early November, 2 months ago, EMA50 has been working as resistance. Trading above this level opens the door for sudden jumps/fast growth... Are you prepared?
Cryptocurrency will help us to have a nice start to 2023.
Cryptocurrency will protect our livelihood in 2023.
Bitcoin, Ethereum, all the major and minor altcoins have been preparing to grow for a very long while now...
This chart is just another indication, another confirmation that yes, cryptocurrency as a whole will grow.
In Q1 2023 and maybe through Q2... Hopefully, who knows.
But the first quarter of this year we are looking strongly positive.
Take care of everything you need to take care of in order to maximize profits and prepare for what might happen after this bullish wave ends.
Namaste.
TOTAL - SAFE ENTRY IN 2023Welcome to my first 2023 analysis!
2022 was a bloody year, for all of us. We all have suffered significantly. I, myself, didnt expect BTC go down lower than 20k but the FTX tragedy changed everything. But 2023 can be a relief year a bit however we have a long time ahead to start the real bull run. I also believethe the top will happen in 2025. Anyway,
I have illustrated the safe entry here. I think technically this is a must to follow. If the above pattern happened (green line), then enter at the pulback ( green dot ). If not, wait for more discount .