Total Market Cap - Time for a Boost?Likely yes, more likely than a dump for the reasons i have covered in my previous post here:
Question i get a LOT these days: ''Why BTC flies but most ALTs don't''.
Well that is usually the case, Bitcoin needs to rise first, them some money leaves BTC for ALTs.
Let's look at 3 charts that are in favor of a good ALTs mini-season ahead:
1. ETHBTC on support:
Bitcoin flies first, can ETHEREUM, the second biggest crypto and First ALT follow? Answer is very probably yes.
Shanghai is on but that's not scary news, maybe the contrary: Link
chart:
snapshot
2. BTC Dominance at Resistance
Good for alts. Some money can flow from BTC to ALTs.
Chart:
snapshot
3. Crypto Total Market Cap on Support
Chart:
snapshot
Also note the fundamentals:
Inflation drops, Feds admit they are close (or late) to stop hiking: Link
One Love,
The FXPROFESSOR
Totalmarketcap
Crypto Market and Newton's Laws of MotionI tried to draw comparisons between the crypto market and Newton's laws of motion:
First law: In the crypto market, a cryptocurrency's price may remain stable or continue to move in a certain direction unless acted upon by an external force, such as a major announcement or market disruption. This is similar to Newton's first law, which states that an object at rest will stay at rest, and an object in motion will stay in motion with the same velocity unless acted upon by an external force.
Second law: The rate of change in a cryptocurrency's price may be affected by the amount of investment or trading volume, as well as the size of the cryptocurrency's market capitalization. This is similar to Newton's second law, which states that the acceleration of an object is directly proportional to the force applied to it and inversely proportional to its mass.
Third law: In the crypto market, the price movements of one cryptocurrency could be influenced by the actions of another cryptocurrency or external market factors. This is similar to Newton's third law, which states that for every action, there is an equal and opposite reaction.
Overall, while there are some interesting comparisons that can be drawn between the crypto market and Newton's laws of motion, it's important to remember that these are complex and unpredictable systems, and there is no guarantee that the laws of physics will accurately predict the behavior of the market.
Crypto Prices Today: What's Next?Bitcoin over 30,000$, will it hold it?
Ethereum Up 2.97% but we need to see a breakout for most ALTs to follow
BTC Dominance at resistance. Better to break higher (it has been rising together with Bitcoin the past days, maybe continue?) OR will it drop? and if it does drop will it mean ALTs are favored?
Watch this video to know more.
One Love,
The FXPROFESSOR
Total Market Ranging Between Two ImbalancesLots of traps either way but notice the big picture. We could easily go way down to finish out the imbalance area below 905 trillion. We sfp'd (swing failure pattern'ed) to the top of the imbalance area already but still seem to gravitate towards the golden pocket. Will update soon.
USDT.D Total Market Idea Cup and HandleUSDT.D On the 4HR is in a cup and handle pattern: Breakout of this pattern is BEARISH for the crypto market
It is near the top of the pattern so Looking for a breakout or rejection.
Currently is getting rejected by upper trendline.
Rejection here would give BULLISH price action for the crypto market.
As USDT.D falls crypto will rise.
Breakout: Watching overhead Resistance Levels: 7.04 - 7.09.
Next 7.18 - 7.30
Breakout here for USDT.D will give BEARISH price action for the crypto market
Rejection: Watching 4HR 21 Moving Average for support bounce or lose that level and Bearish Retest
Could also get a bounce off of lower trendline of cup and handle pattern 6.80 - 6.85 Zone
BITCOIN: The Biggest Distribution of Wealth Hidden in Plain SighI removed most indicators to help see the picture. Nothing crazy, just patterns. Things are just hidden in plain sight, sometimes indicators, technical analyses etc. is just there to obliterate your mind from seeing the picture. This is purely from patterns... As we live in a fractal universe.
We have two targets.
This is worse case scenario if BTC looses $18.5k Support. Keep in mind, we are not going to see all time highs within weeks.
Yes it can be traded and bounces will occur. Respectively this is just a full speculative picture.
*This becomes invalidated if we close a weekly above $44.5k* and hold this current shakedown*
H&S Target (White): Low $13,000's
Pennant Target (Purple): Low $5,000's
It's evident that the USD is collapsing and a new currency will take it's order... Hence "The new world order" - This has repeated many times, the rise and fall of nations. All the USD printed in the plannedemic was set to move into the markets, to get the masses aware and pour their life savings, stimulus, etc into it. Well now that it's happened, it's time to shake them down.
There will be many events to have this happen. We are seeing it live with the raise in taxes, the loss of jobs as they become automated, food shortages. Truckers will one day actually succeed and make a statement on the economy. Basically, it's obvious that life cannot be sustained financially with the way the US economy is... At least for the masses... But it goes beyond that, as the US really has nothing that can stimulate the economy as we source out everything outside of the country. We can talk all day about this but this will become a whole book.
This is where things change this time around. We are the first human beings in existence to ever live life like this. The digital era. We will have the opportunity to move all financial assets to a decentralized system. Ignore all these blockchain developments ongoing, all these other alt-coins. Just focus on the basic backbone of Bitcoin... Proof Of Work and Peer to Peer . That's all there is to it.
Anyways that's how I see "The big picture" for the next 4 years.
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Current plan is to look for a short opportunity @~$36,000 BTC. I wont say hold this position as I day trade it. But it's a zone to watch out for reversals.
Cryptocurrency market cap 2-daily EMA20💫EMA200 crossCryptocurrency market cap 2-daily EMA20💫EMA200 cross
Bad times to buy cryptocurrencies❓
Act as experienced investors do... dear Bitcoin & Crypto Nation ❗️😎
And think long-term 🗓️
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Altcoins channel cross⭐️Altcoins channel cross⭐️occurred in November
We are now in the gray accumulation phase
When we see a close above the channel we will be in the pre-bull run phase until the next cross⭐️leads us into the main bull run phase
RT & Follow appreciated dear Crypto Nation🤗
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
TOTAL Crypto Market Cap 1Hr - Update TOTAL Crypto Market Cap 1Hr looks to be puttin in a Head and Shoulders pattern...
Its holding on support (red line VPVR) for now.. Need a move to the upside and a break above green line and hold to invalidate... But
we do have alot of uncertainty in the markets due to failing banks and now Credit Suisse having issues...
Keep an eye on this to guage the crypto market.
Good Luck Out There!
TOTAL Crypto Market CapAs with many other Markets, Crypto took a Dive as fears about SVB came tot he surface but as soon as ideas of safty came out, Look how it recovered. This is one of the MAJOR advatages of Crypto, it really is 24/7, trading any day and at any time. Some people Still cannot get their heads around that.
Anyway, Look at the Volume that came in. thats shows Huge amounts of support
But for now, the Rise in PA may need to take a breather as getting overbought on lower timeframes, and yet, given how the markets are, it would not surprise me if PA jumped once more at some point - it really is a matter of Watch what happens and react accordingly.
Fundimentals may emerge that could knock Crypto market heavily, for instance, the Universal Commercial Code (UCC) guidelines update, - that is actually a new law that bans crypto as a "Currency" but paves the way for CBDC's. Be VERY careful about this.
Total CapThe crypto market has seen tremendous growth in recent years, with an increasing number of individuals and businesses adopting cryptocurrencies as a viable alternative to traditional fiat currencies. This has led to a surge in demand for blockchain technology, as it provides the foundation for cryptocurrencies and enables secure and transparent transactions.
One of the most promising applications of blockchain technology is in the field of decentralized finance (DeFi). DeFi is a financial system that is built on blockchain technology and is designed to provide users with greater financial autonomy and control. It enables users to access financial services without the need for intermediaries such as banks, and allows them to trade, borrow, and lend cryptocurrencies in a decentralized and secure manner.
Moreover, the integration of artificial intelligence (AI) in the crypto industry is also on the rise. AI has the ability to process vast amounts of data quickly and accurately, and can be used to analyze market trends and make predictions about future market movements. This has the potential to revolutionize the way people invest in cryptocurrencies, enabling them to make more informed decisions and ultimately generate higher returns.
Furthermore, the adoption of AI in the crypto industry has also led to the development of more sophisticated trading algorithms that can execute trades automatically based on predefined criteria. This has led to increased efficiency and accuracy in trading, as well as a reduction in the risk of human error.
In conclusion, the expansion of the crypto market, the adoption of AI by the industry, and the advantages of DeFi are all exciting developments that have the potential to transform the way we think about finance and investing. With continued investment and development, we can look forward to a future where cryptocurrencies and blockchain technology play a central role in shaping the financial landscape, and where DeFi and AI enable greater financial autonomy and control for users all over the world.
TOTAL Crypto Market Cap WEEKLYThe chart speaks for itself mostly. PA still in long term descending channel, Wicked down to lower trendline and found support
VRVP shows a lot of resistance above and not a lot of support below IF PA breaks out of channel
Fundimentals right now are very Biased against Crypto and to many extents, unjustified. IT is the simple Fact that Crypto has been relent on Banking to ALLOW funds into Crypto space and as we have seen, the issues on some banks liquidity forcing Crypto to pay the price. It is much the same situation as we had in 2008 - Banks Lending to possibly unsecure clients.
Once Crypto has its own Financials, independent of the Trad Fi banking System, will this change ?
Only if the Cobwebs of " I lend to you, you lend that out and then it gets lent again and we all crash when one can't pay" Stops happening.
Anywya, on a TA Front, PA broke out of long term resistance and is currently coming back down to test it as support Simple Bullish behaviour
Just needs to be "Allowed" to carry on......The FED may try and find something else to try and weaken t