Some Chart Art TOTALChart art for TOTAL
Identifying trends and patterns
Hopefully a break up from the triangle / flag that has formed at present will occur
I believe we are in a disbelief phase, and crypto will outperform generic stocks
This is just an assumption, but from the chart patterns identified it really does look bullish
Total
Don’t try to catch the falling knifeToday’s sell-off across most crypto assets has caused some concerns about the continuation of the altseason.
We’ve decided to check what Hybrid Intelligence thinks by posting the usual question about BTC dominance:
“Bitcoin crypto market share settled at 63.85% at 12:00 PM UTC on Wednesday, January 27. Will Bitcoin's market share climb above 65.13% (+2%) earlier than drop below 62.57% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 42%
This is a rather uncertain indicator.
After falling for 3 weeks, BTC dominance found support around 62.5%. The Hybrid Intelligence view is slightly more pro-Bitcoin than last week (it was 31%, i.e. in favour of altcoins), but it’s not a decisive signal.
To check how the overall market will perform, we’ve asked the following question:
“The cryptocurrency Market Capitalization settled at 895.15B USD at 12:00 PM UTC on Wednesday, January 27. Will the Market cap climb above 962.3B USD (+7.5%) earlier than drop below 828B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 24%
This is a bearish signal from Hybrid Intelligence. Yet by the time the indicator was ready, the market cap already declined significantly — and then rebounded.
It’s best not to try catching the falling knives. Even after a sharp drop, prices might go down further so it’s probably safer to wait for confirmations that the local bottom was reached.
ETH TOP 7TH FEBRUARY AND ALTS TOP 28TH FEBRUARY (COMPLETE)Here's an idea I had, it's all speculation but there could be some truth to it. Let me know what you think
2017 - 2018 BULL RUN
- BTC CME FUTURES open on the 18th December 2017
- BTC tops around $20,000 on the 17th December 2017
- Alts then dump for a few days after around -40%
- Alts then rise even harder from around 24th December 2017 to January 9th 2018 before topping
2020 - 2021 BULL RUN
- ETH CME FUTURES open on the 8th February 2021
Predictions:
- ETH tops around the 7th February 2021
- Other Alts then dump for a few days around -40%
- Other alts then rise even harder from around 14th February 2021 to 28th February 2021
Total figures become clearer nowWe can see a strong resistance appear at 38 and was tested several times now.
So if this resistance is broken the signal will be a strong buy.
We also have a good support at 36.
Between 36 and 38 some trades can be made.
And if 36 support is broken, we may go to 34 wich is the december's resistance
And after 34 we have a resistance at under 32.
There is maybe a mini gap to reach at 33 but i prefer to let the graph simplier.
Personal, I'm waiting to see if good or bad news are coming to give another tendancy to the stock.
It looks like the market is doing the same with this flat figure last week
We already increased a lot so maybe we see a strong correction and if it the case you have the entry points in this analysis :)
Cryptocap Bitcoin Based Divergence?Are we at the beginning of a divergence of the total Cryptocap based on Bitcoin rotation?
We have just challenged the ATH of the Total Cryptocap Space.
This is based on BTC hitting a potential asymptote.
Does BTC experience a prolonged sell-off into cash and the Alt-Coin market from this point on?
I am guessing yes.
Expect Alt-Coins to gather steam.
XRP may seem to be left behind during this current BTC pull back.
Expect XRP to catch up once BTC finishes its retracement back to previous ATH level and begins its accent again.
TOTAL MARKET CAP (Y20.P5.E31).Daily. Bearish DivergenceHi All,
As we are making gains with BTC and some ALTs, we can see that the top trend line is acting as resistance and hence the wick on today's candle.
We can also see the daily with some bearish divergence coming into play.
What this indicates is that we are approaching a potential pullback however where and when is difficult to know as divergences play out, then after the fact, we acknowledge.
In my previous post, I did state that 2017 market cap was larger than was we have of current and that most likely we could have a rejection on the weekly resistance level or all time high.
I still believe this has merit and this divergence adds another component to the business case.
What do you think? Does it have merit?
When I look at my BTC top prediction, this also has confluence to the potential wave 3 macro target.
I will leave it here and place some relevant charts for you to think about.
Cheers,
S.SAri.
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