Totalcryptomarket
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
TOTAL2 Retest, Likely Further Collapse - PitchforkTOTAL2 Has seen some great growth
there is more to come for the bulls but we are now jus taking a breather and gearing up
at the 0.5 line is a strong and likely point of support for this price action
Being tested as resistance three times, to be tested as a support? It will likely reject upwards and continue with the bull run.
TOTAL2 Food for the Bulls - Dip being boughtThis is a great pullback to catch if you are looking to buy in to one of your favourite altcoins
All of them (basically) on sale!
I have been patiently adding myself
There has already been one bullish rejection along 2618 I expect another to follow, allowing the market to continue pushing new highs
Total Market Cap - A 2017 Fractal TheoryWill we see a 10x rally in the Total Crypto market to $14T in 16 weeks all all time lows in Bitcoin dominance of sub-20%?. Or will BTC hold its own against upstart alt-coins and keep the target for the total market cap to a more realistic $6.5T?
In this study I have pointed to the correspondences with September 11, 2017 to the present and suggested that like the Crypto market of September 11, 2017, there could be only 16 weeks to reach an all time high. In which case, will it replay the rally between September 11 and December 31, 2017,to see a 3.236x projection of the current correction to realise a $14T in total market cap?
The next, lower target would be $6.5T although this doesn't have any correspondence to the 2017 fractal.
The implications for the price of Bitcoin need to be considered with respect to the potential for it to fall significantly against the larger number of mature, alternative projects that are now in existence.
What do you think? 10x or 4x ... that is the question?
The cryptomarket is just pulling back, chill.well, we hit another high recently, the pull back was coming no doubt proving us that the market is 100% healthy.
it might head a bit lower than 20% at the moment, somewhere around 22% to 23%.
after that the market will head to make newer highs & break another record.
please let me know what you think & also share with me the cryptocurrency you want me to analyze.
like, comment, follow :)
Bitcoin: Creating a new BottomHere's a chart an some ideas for roughly the next month... I'm watching the end of the month of May closely- when contracts expire. Depending on what Bitcoin does in the next two-three weeks I will be watching for three scenarios. First, to go sideways through most of the month of June, which would most likely create an "inversive head and shoulders. Second, for this to form into a "double bottom", and in that case I expect Bitcoin dominance to regain some territory; with this scenario I expect alt-coins to go sideways or lose value in terms of US dollar value. Lastly, I will be watching for this pattern to break down and capitulate causing the total crypto market cap to make a new bottom below 2 trillion. Not Financial Advice... CHEERS!
Alts MCAP (TOTAL2) AnalysisWe are either looking at a nasty rejection continuation
Or a double bottom formation and a break of this trendline that has been continually tested (3 times)
Personally the bear scenario sounds more logical to me, yet this is crypto so I accounted for both sides.
The 200MA (yellow line) wont hold if this breaks down. FYI
This is what's happening in CRYPTO now.The market needed this move, it happened many many many times after long runs to the upside.
Eth was up about 94% with no serious dip, too many longs on leverage.
the entire market will benefit from this move.
EVERYTHING ON SALE !!! DISCOUNTS !!! who doesn't love discounts ?
CRYPTOWATCH // 06: The shakeout before the storm (May 6)CRYPTO UPDATE: We just had a market maker shakeout; a very fast move to the downside to get cheaper prices for coins. Fast moves like this are fake and meant to trigger people to sell their coins at cheaper prices; market maker buys them and then pushes the prices back up. Classic. Looks like a big move to the upside is coming or we get a big dump. Both scenarios are possible but I do believe its time for a run up. Total market cap is at ATH and we see a double bottom... Lets wait and stay sharp... No reason to panic.
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.