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Cryptocurrency Market, important support and resistance levels!In these charts, you can see the most important support (green lines) and resistance (red lines) to watch in the coming days! CRYPTOCAP:TOTAL BITMEX:XBT BITSTAMP:ETHUSD KRAKEN:ADAUSD FTX:XRPUSD FTX:SOLUSD FTX:LINKUSD FTX:DOGEUSD KRAKEN:DOTUSD COINBASE:ALGOUSD COINBASE:ATOMUSD I believe it will be a tough week for those who have open long positions in the cryptocurrency market..! Best Moshkelgosha, DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
CRYPTOCAP:TOTAL
by Moshkelgosha
2
TOTAL (crypto market cap) - Support, Resistance, Trend - OctoberTOTAL index has been in a short-term daily uptrend since October 2021. The price has currently rejected down from the horizontal resistance (top yellow box). A double-top price pattern has also formed in the price (september 6th and october 9th). Bearish scenario: price falls below $2.24T, $2.14T down to $2.00T. Bullish scenario: price breaks above $2.4T and continues up past $2.5T, $2.6T. Resistance(s): $2.35T, $2.40T, $2.48T, $2.50T, $2.53T, $2.60T. Support(s): $2.24T, $2.14T, $2.00T, $1.94T, $1.80T, $1.65T.
CRYPTOCAP:TOTAL
by NoFomoCharts
CRYPTO MARKET TOTALWhen I check the Crypto Total chart, I see the weakness still continues. There may be 5-6 coin that are outperforming others but for the next cycle to kick in, this chart needs to be obvious. 1.7-1.8T area is the support that will be bought once again with the stochastic confirming it, we might be on our way to the ATHs until the end of the year. There is a clear consolidation trend going on and it will act as resistance, although a weak one. Do not compare the market cycle with the 2018 bubble, its very different this time, crypto is here to stay Peace..
CRYPTOCAP:TOTALLong
by crypto_chebz
Total Crypto Market Cap 1 Year ProjectionIf you follow me by now you know I like to play around with fib circles. Not a big fan of fractals, but this one fits pretty well, so I thought why not share it. With or without the fractal crypto does look setup for a big pump coming into end of year, which could perhaps continue into next year as well. You can also see the channel which is pretty well respected and how close we are to the bottom of it now. What do you think? Crypto about to make 2x by end of 2021 hitting the 5T market cap or dong 13x hitting 30T by end of 2023?
CRYPTOCAP:TOTALLong
by Crypto_Burger
3
🔥 Total Market Cap Forming A Massive Cup & HandleAfter almost hitting the all time high earlier in September, we saw a strong decline in market cap during September. With bullish sentiment returning to the market, we might soon see the completion of a massive cup and handle pattern in the total market cap of crypto. For October, my target lies at a 3T market cap, which is a mere +36% from the current value. In case we get a major parabolic move in the coming weeks, we could even get as far as 5T in November. Generally, I'm very bullish on crypto for the coming months. Q4 is historically a very good period for crypto, so I'm expecting this cup and handle pattern to play out in the bulls' favor.
CRYPTOCAP:TOTALLong
by FieryTrading
10
#TOTAL WHERE WE DO GO?#TOTAL , Hello everyone, I will share the analysis of the index that measures the total size of the cryptocurrency market (which shows the total market cap of the top 125 cryptocurrencies). 2.16T is the resistance level where the sellers who turn the price direction down are more dominant. We can also call it an area of ​​strong resistance. If the price continues to stay above the 2.16T level, a bullish structure will come, and if everything goes positive, I think the cryptocurrency market will go up to 2.45T levels and rise 13%. How far can it go down if the price doesn't show an upward movement? When we stay below the 2T level, I expect the decline to continue and the blue zone to hold the price depending on the state of the structure. If the price continues to drop, how far can it go down? A decrease may occur up to the gray zone just below the blue zone. I don't think we will go below this level any further. Finally, the price has not fully determined its direction at the moment, there is no structure. It's worth waiting.
CRYPTOCAP:TOTAL
by PlutusTheTrader
The most important support & resistance levels in Crypto marketAfter 7 bullish weeks, the crypto market experience correction in September. In these charts, you can see the most important support (green lines) and resistance (red lines) to watch in the coming days! I will wait for the price action to these levels! The early signs of weakness are forming in the total crypto market cap and bitcoin charts. ADA: XRP: LINK: DOGE: DISCLAIMER I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
FTX:SOLUSD
by Moshkelgosha
2
Cryptocurrency and lots of speed bumps..!I believe the most probable scenario for the coming week will be : moving toward 2.05 trillions and we should wait for reaction to 2.05-2.075 level! Answering these question will help you make better decision regarding your crypto currency journey! Investing vs. Trading: What's the Difference? Investing and trading are two very different methods of attempting to profit in the financial markets. Both investors and traders seek profits through market participation. In general, investors seek larger returns over an extended period through buying and holding. Traders, by contrast, take advantage of both rising and falling markets to enter and exit positions over a shorter time frame, taking smaller, more frequent profits. Traders generally fall into one of four categories: Position Trader: Positions are held from months to years. Swing Trader: Positions are held from days to weeks. Day Trader: Positions are held throughout the day only with no overnight positions. Scalp Trader: Positions are held for seconds to minutes with no overnight positions. Traders often choose their trading style based on factors including account size, amount of time that can be dedicated to trading, level of trading experience, personality, and risk tolerance. How would you define yourself and your strategy in the crypto market? Reference Article: www.investopedia.com
CRYPTOCAP:TOTAL
by Moshkelgosha
1
TOTAL triangle or double top?#TOTAL Crypto total market cap in weekly time frame shows 2 scenario that may happen: 1. Triangle pattern: it will come down to touch the support line of triangle and if it is holding this support and go up, then it can break the upper line of triangle and head up toward 4T. 2. Double top pattern: if it is going to break the ascending support and neckline of double top, then it is possible to dump to 400B. (which it is far away from reality when crypto is going to accept more and more in the world)
CRYPTOCAP:TOTAL
by parissap
Why Cryptocurrency could not be a good store of value?First I would like to write about the number of days with more than -10%,-15%, -20% volatility in 2021: When you are looking at the total cryptocurrency market in 2021, you will notice in the past 266 days we have had 23 days with -10%, 11 days with -15%, and 5 days with -20% or more decline in the total cryptocurrency market cap. for Bitcoin these numbers are: -10%(15 days), -15%(9 days), -20%(2 days), and for Ethereum is , -10%(30 days), -15%(11 days) and -20%(8 days). I would like to call the day, washout days because if you consider leverage, more than 10% decline is enough to washout many ..! I believe these numbers clearly show Cryptocurrencies are highly volatile and speculative digital assets, because: The cryptocurrency market could experience more than a 10% decline every 11.5 days. Bitcoin could experience more than a 10% decline every 17.7 days. Ethereum could experience more than a 10% decline every 8.8 days. this level of volatility will cause problems for cryptocurrencies in the future unless they become more stable which makes them less favorable for traders..! Why Currencies Have Value Currency is usable if it is a store of value, or, to put it differently if it can reliably be counted on to maintain its relative value over time and without depreciating. In many societies throughout history, commodities or precious metals were used as methods of payment because they were seen as having a relatively stable value. Currencies have value because they can function as a store of value and a unit of exchange. Successful currencies have six key attributes—scarcity, divisibility, utility, transportability, durability, and counterfeit ability. The cryptocurrency Bitcoin has value because it holds up very well when it comes to these six characteristics, although its biggest issue is its status as a unit of exchange because most businesses have yet to accept it as payment. The reason behind the 500 K scenario: Bitcoin's utility and transferability are challenged by difficulties surrounding the cryptocurrency storage and exchange spaces. However, if Bitcoin gains scale and captures 15% of the global currency market (assuming all 21 million bitcoins in circulation), the total price per bitcoin would be roughly $514,000. I do not believe Central banks let bitcoin gains 15% of the market and if it happens, it means Ethereum has another 10% share of the market! Today, Bitcoins at its lowest cryptocurrency market dominance has 41.6%, I believe 514K can not happen because it means cryptocurrencies should have more than 50% of the global currency market..! at this moment US dollar share of the central banks' reserve is 59%..! You calculate the numbers for yourself and see if 500k could be realistic..! Reference article: www.investopedia.com blogs.imf.org
CRYPTOCAP:TOTAL
by Moshkelgosha
9