Total
Mess with the Bull.. you know the restThe TOTAL crypto market cap is consolidating above the 1.618 Fibonacci level, assuming the trendline i have drawn is the strongest possible. This is a dip, and should be treated like one, calmly and bought up ASAP.
You can also see on the Gaussian Channel indicator the bear market stretches were similar in time sense both being around ~280 days.
We have a lot more coming, believe.
Total Crypto Market Cap (Bear/Bull)Tomorrow is the real direction of the market. From 24 May to 10 June we are still in the accumulation zone. The triangle pattern will end soon, if the close candle is above the triangle, then enter the market immediately because the bullish signal has started. But if the candle close tomorrow is below the triangle, then that means a bearish signal, leave the market immediately and prepare for a crypto storm.
$TOTAL Crypto total market cap analysis 6 June 21After breaking down from the strong rising channel that was in place since the beginning of the year, the total crypto market cap chart found support between the 200day sma & ema. After an aggressive bounce off the lows we have now seen price consolidate in a sideways fashion for the last 3 weeks with the possibility of a triple top formation in play. These sideways consolidations after a strong move down are normally continuation patterns, so at this stage I would lean in favour of crypto assets having another leg down to test the 1.026 trillion mark. This means it is possible to see another +-500mil of market cap wiped off the asset class to reach the target which would also be between the 360 day ema & sma. Of course, if we manage to close above this triple top resistance then I would be quite happy to change my view and favour further upside in the crypto space.
As always let price guide you, but this is my initial thoughts from where we stand given the fact that we have made 3 equal tops and failed to breakout higher.
BTC Breaking out of Symmetrical Triangle PT $49kBTC is breaking out of the symmetrical triangle rn on a 4H chart. Volume seems to be picking up and looks good for an upside target to $49k.
On the back of the Google News which is extremely significant - considering the ban went into effect in 2018 and was a key catalyst to the 2017 bull market, this could help catalyze a new uptrend and is coming out at a key moment.
ALTCOINS Following Fractal from Previous Dump IdenticallyThis is bullish for a re-gearing of the crypto market back onto bullish trajectories. This 51% selloff in BTC and larger selloff in alts is following this fractal pattern beautifully - Expect some days to be choppy, but all in all, up and to the right.
As you can see we're about to have a bullish cross on the Daily MACDs and we are testing resistance on the Daily EMA ribbons.
We just had a bullish cross on the 4H EMA 20 coming above the EMA 55. The 1H EMAs are all bullish now. Crypto is staging its next assault.
Which is why you should be stocking up on the MOST fundamentally sound projects with near-term catalyst like DOT. DOT is my favorite token at this moment. Please see my analysis here on recent happenings in DOT and its ecosystem:
BTCUSDT Pattern June 1A double bottom is happening on BTCUSDT chart, It is not completed yet
Also we can see a triangle, If price breaks through the top line of the triangle then we can see also that double bottom pattern is working.
When BTC wants to break some price level, it breaks it in fast movement
You can see the targets on chart
Also:
- A double bottom is happening in Total Market Cap
- A double Top is happening in USDT Dominance
None of them are completed yet but I think it will.
" I can see a big head and shoulders too but I think it does not happen, Not now with the fact we have, Not if the supports are not lost. "
TOTAL: Next Stop: $800 BillionTOTAL is faltering at resistance and appears to have completed a B wave retracement. 1:1 Fibonacci projection finds confluence with the next step down of support in the $800B area. Trend-Based Fib Time taken from the 3 pivots projects C wave completion late June. See you there.
Total Crypto Market CapSuch a beautiful channel, look how price reacts off the median in the past. I think we're in Wave 5 now headed for ATH's in the fall. I would probably get ready to take big profits in the fall as price hits the top of the channel. Wave 4 didn't go below wave 1 and we're currently at the Golden Fib Retracement from the Wave 2 low, #chartporn
market cap may collapse and correct today between 19 to 21 UTCwe have some inflows coming and BTC rallied quite a lot I expect some correction soon and correction up at this time just my notes lets see what will happen but if market goes down I will start to look for trades at this time frame if it goes up a lot short if goes down al lot long will update later
I give around 80% probability becausse its fib time extension levels which come together from 3 big trends something should happen at these 2 hours
Crypto total market cap has bounced off its 200 day MA/EMA bandsThe Crypto Total market cap chart has bounced off both its 200 day simple and exponential moving averages. Cryptos in general have their work cut out as there are some significant areas of resistance up front. Also interesting to note that the daily chart has printed a daily RSI divergence which is generally a bullish development.
Volatility likely to persist whilst regulations continues to grip this asset class but as things stand i think we are seeing quite constructive action for more upside. Trade safe and remember to always make use of stop losses if you are using leveraged positions :)
Total Market Cap ForecastThe chart is similar to the Bitcoin chart. And it seems that half of the uptrend is left and we are about 400 days away from the end of the uptrend. And the recent correction was due to the collision with the midline. The Fibonacci timeline also marks the end of the climb and the uptrend.
If you see my bitcoin analysis as well.
I think we have to wait for the Altcoins pump and the slow uptrend of Bitcoin
Welcome to the altcoins season.