Totalmarketcap
TOTAL3: STILL ABOVE THE SUPPORTING TRENDLINE.Hello traders, here is a quick update on the Total Market Capital (Excluding BTC).
Timeframe: Weekly.
The Totoal2 has been under a downward trend for quite a long time. A trillion-dollar market has now come down to 446.8 billion dollars within a year. Still, after a drastic change in the price action, Total2 has managed to stay above the support line. This can turn out to be a positive thing for the altcoin market. If the T2 sustains this support level then we can expect a bounce back toward the 700 billion dollars resistance trendline. This means, a good green rally for the altcoins.
If T2 breaks down below the trendline line then things may get worse for the altcoin market. As of now, things look under control and I am hoping that the T2 will make a positive move soon.
That's it from my end, I will see you in my next update.
Enjoy your Christmas, guys.
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(From Last Major Swing To Present)
Blue Lines = Immediate Support/Resistance (Range)
- Best entry ZONES, Area to WAIT for BUY SETUPS
- Best to wait for price to pass sup/res lines and on the way back enter or wait for a retest.
Light Blue = MAGNET LINE
(Shows which side the pressure is pointing to)
- Price will always come back to the magnet line
- IF magnet line is getting closer to one side of the range, Its early indication of direction.
- Note, price WILL fakeout to the opposing side blue line before moving hard to direction of early indication to give you best possible entry!
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2. Magnet Line is closer to bottom of range =
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3. Pressure builds up within the magnet and support zone
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4. BEST POSSIBLE SHORT ENTRY
Retest here usually results
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TOTAL 3: BREAKDOWN BELOW THE SUPPORT LEVEL.TOTAL 3 Update:
This isn't looking good. Total 3 market cap is the total market cap calculation ($) of all the altcoins except for BTC & ETH. Currently, it has broken down below the crucial support level which could turn out to be a fake down as well but can't be 100% sure. I was expecting the T3 to hold this support level but now we may have to look the other way around. Although the price has broken down below the support, the RSI has already reached its oversold zone which may turn out to be good for the altcoins.
If it is a fakedown then I expect the T3 to push back inside the trendline and continue its rally but if it turns out to be an actual breakdown then altcoins will bleed more.
Key points:
1. RSI at the oversold level.
2. Broke down below the support ($305B).
3. The daily close should be above $305B.
That's it from my end, I will see you in my next update.
Trade safely.
The case for a BTC Bottom: Have we Already hit "$10K??"The idea here is that price does not really need to go to the 10k-12k region for support because the real valuation is already actually there.
BTC, as an asset, is the same percent value of total dollar supply as it was in 2019 when each coin was worth about $10-$12K.
In USD terms the 16K to 18K region seems to be a no mans land... which in truth it kind of has been since price has spent so little time in these regions in past bull market crashes and pumps. usually this area is a transition zone.
But in terms of real asset valuation (using the total USD monetary supply as a denomination) the price is actually already in a fairly strong support zone that could produce healthy sideways consolidation and support as markets continue to churn in the uncertain 2022-2023 market environment.
No matter what... there is still a halving that will happen in 2024 as long as BTC is still running. So yeah. NFA..
#TOTAL MARKET CAP 1DAY ANALYSIS BY CRYPTO SANDERSHello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
TOTAL MARKET CAP ANALYSIS UPDATE:-The Total market cap bounced with a decent volume after hunting stops below the marked previous low.
Currently, it is showing momentum, and a solid breakout above the horizontal resistance will confirm a bullish rally in it.
If it rejects from here, then further accumulation between the marked horizontal support and resistance is expected.
Sorry for my English it is not my native language.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Crypto Market Cap Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
My midterm expectation for #TOTAL.
at the moment, I guess that we are in the wave of (iv) in the ending diagonal(ED), after which the final decline to the same 700-750B area will follow,
I believe that there will be a bottom of this cycle in the crypto market. In any case - time will tell.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions.
Crypto Total Market Cap. Long-Term | Going Back Above 1.55THere on this chart we have the capitalization of the cryptocurrency market long-term, a duplicate of the Bitcoin chart in many ways...
Let's have a look.
We are seeing MA200 and EMA300 failing as support.
It is the first time ever that TOTAL trades below EMA300.
We know for a fact how common it is for any crypto-asset to go below a main/strong support level just to quickly move back above it.
In fact, many times the breakdown of a long-term support level signals the end of a bearish trend.
Here we see the breach of MA200 which has happened before back in March 2020 and December 2018.
Both times this event marked a low that was followed by very strong growth.
On the other hand, EMA300 has never been breached in the past and was tested only once in March 2020.
This marked the low of that cycle.
In 2022, TOTAL tested EMA300 as support in June and July and the level holds.
Next again in early November when this important level failed as support.
EMA300 stands at 842.146B.
We can already see the early recovery signals;
A bottom pattern forming,
Bullish candles showing up and the strong RSI.
Then we have a not so well understood signal with the Ichimoku cloud.
The GREEN clouds tend to be pierced DOWN, while the RED clouds tend to be pierced UP.
Looking at this signal, we can expect cryptocurrency to behave as it did back in early 2019.
It will back above 936.142B in a matter of weeks and mid-term we can even see 1.21T challenged and even beyond 1.55T before the bulls retreat.
Namaste.
BTC TOTAL MCAP CAPITULATION VERY SOON ?!!(URGENT)As you can see on this chart, the FIB circles lines perfectly confluence, and it shows that the subsequent capitulation is very near.
I think the total market cap price will resist at the 200ma and fib 0.618 on the 4H chart.
FIB CIRCLE 1.618 has been respected perfectly for the past 2 weeks and crossing it could mean a crash in next
We are very close to crossing the respected Fib circle so ill be looking closely at how the next 4H candle will close.
Stoch Rsi seems OVERBOUGHT.
This is just an idea.
NFA DYOR
BE READY FOR CHRISTMAS RALLY! BUY THE DIP!!!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this Total M.cap update.
Total M.cap looks good here. Breaks out from the descending channel. Expecting a retest from here and that retest will be a good buying opportunity.
I'm expecting a good rally in the crypto market before Christmas. Most people are still expecting new lows of BTC but IMO first we might see a short-term rally in the market from here. Expecting BTC to go $19k-$20k from here.
Invalidation:- Any 4hr candle close below $770B
What do you think about this?
Do you also think that we might see a good bullish rally in the month of December or do you think this is just a trap?
Share your views in the comment section.
Thank You!
CRYPTOS: Time to go towards 0 OR $1m?While Crypto’s reputation has been undermined in the past, the speeches for their lifetime, their real value, and eventually their price, give investors enough ‘food’ for estimating where they could go under the recent circumstances after the collapse of FTX. There are many opinions heard from distinguished economists to big investors who say that Cryptos can go to zero or even $1m (particularly for Bitcoin).
The founder and CEO of the investment company ARK Invest, Cathie Wood, impressed with her prediction for Bitcoin. As she said, the leading cryptocurrency will reach seven-figure levels by 2030. In particular, in response to a question during an interview with Bloomberg about whether she stands by her prediction that Bitcoin will reach $1 million in eight years, said she is. Of course, despite stating that Bitcoin will come out of the recession “smelling like a rose,” Wood said investors will feel more comfortable putting money into Bitcoin as well as Ethereum (ETH) once they better understand what’s going on. Technology has bypassed this entire crisis. Bitcoin’s hash rate is at an all-time high, and this is a true indication of the network’s security. In Ethereum, the total value staking is $24 billion. This is an all-time high. So, the infrastructure is working nicely, noted.
Billionaire Tim Draper spectacularly revises his prediction for Bitcoin (BTC) to reach levels above $250,000 – a meteoric rise of more than 1,400% from the cryptocurrency king’s current levels, which will make it new gold. As for whether, amid this difficult period for the market, Bitcoin could reach these levels, Draper reveals what he believes would be the catalyst that would fuel a rally to $250,000. And the reason is that at some point you’re going to be buying food, clothes, and shelter in Bitcoin. Therefore, the real power is women. Women control 80% of retail, food, clothing, and shelter spending. In the past, one in 14 women had a Bitcoin wallet in the US, while now the ratio is one in six. And when women realize they can get a discount by paying in Bitcoin, when retailers realize they can double their profits by accepting Bitcoin, the currency will move pretty quickly to new highs.
Even if the value of Bitcoin doesn’t go to zero, there is a serious possibility that the cryptocurrency industry will start heading towards oblivion, says Paul Krugman in an article in the New York Times. Cryptos reached the height of its popularity last year when Matt Damon’s ‘Fortune favors the brave’ commercial – sponsored by Singapore-based exchange Crypto.com – first aired. At the time, Bitcoin was the most famous cryptocurrency worth over $60,000. Bitcoin is now trading below $17,000. So, people who bought after seeing Damon’s ad lost more than 70% of their investment. In fact, since those who bought Bitcoin did so when its price was high, most investors in the currency — about three-quarters of them, according to a new analysis by the Bank for International Settlements — have lost money so far.
On the other hand, the Economist’s analysis concludes that although fewer people will use crypto as a result of FTX’s collapse, it’s very hard to imagine that number will be small enough to nullify its value. Also, If only everyone would stop using it the cryptocurrency market will be zeroed out. But what would have to happen for everyone to give up? Pulling the rug out from all this edifice is extremely difficult, and the current high value of bitcoin and Ether makes it even more difficult. To attack a blockchain and shut it down, it is required to gain control of 51% of the computing power or the value of tokens staked to verify transactions.
The more valuable the tokens, the more energy it takes to attack a proof-of-work chain like Bitcoin, and the more money it takes to attack a proof-of-stake chain like Ethereum. The security of these chains (blockchains) – as measured by the amount someone would have to spend to attack them – currently ranges between 5 and 10 billion dollars. It would take either a government or an extremely wealthy individual to carry out such an attack. And even if Elon Musk was in such a mood, he seems to be a bit busy at the moment.
If one takes a closer look at the system, one will notice that most of them, except for Terra-Luna, are in the “on top of” category and not on-chain technology. DeFi exchanges and lending protocols continued to flounder even as businesses that looked more like normal businesses collapsed one after another. But the collapse of these businesses could compromise the underlying technology, removing chunks of its value, making blockchains more exposed to would-be attackers, and prompting miners or stakers to disable their machines. The value of on-chain activity and tokens is self-reinforcing. The more people use Defi, the more valuable Ethereum becomes. The higher the price of Ether, the higher the barrier to attacking the blockchain and the more confidence people will have that these chains will endure. This works the other way around too. The more people avoid encryption out of fear, the less secure it becomes.
The total market capitalization of cryptocurrencies today stands at $820 billion. That’s 70% below the peak a year ago, but still high compared to most of crypto history. It’s higher than early last year, for example, and any point before that, including the peak of the 2017 bull market.
From Elliott wave perspective, we are observing two different interpretations for the Crypto total market cap chart, however, both counts suggest that support can be near, at least temporary one. On the first count, we are tracking an A-B-C correction, where final wave C can be now in play, sitting at important 2017 highs and equal wave length A=C. In the secondary count, there’s a chance for a five-wave drop into first leg A of a bigger and deeper A-B-C correction, but even this count indicates for a corrective rally in wave B, as we see it trading in final stages of wave (5) of A. Ideally, we will see a reversal in 2023, but support for a fifth wave based on Fibs can be at around 400B. That's still far away, so be carefully with these assets. It’s still a bear market after-all.
CRYPTO MARKET UPDATE Total MArket Cap Forming Descending Broadening In Daily Tf
If Its Breaks To The Upside We Will See Massive Bullrun
We Just Needs To Wait Patiently For Perfect Entries
Im NOT Going To Enter Before Breakout In Anycoin
Will Try TO Catch After Breakout
This Is Not A Financial Advice
MarketCap of Cryptocurrencies except stable coins (TOTAL-USD)ℹ️ This is the total market capitalization of cryptocurrencies, excluding major stable coins (USDT, USDC, BUSD, DAI, GUSD, PAX, SUSD, USDK, EURS).
🟢The chart indicates a possible bear trap.
However, to be confirmed, the index needs to break through the resistance shown in the blue region above to have an upward confirmation.
If that happens, the LS Volatility Index is expected to drop to zero, indicating an approximation to the 21 moving average.
🔴In a bad scenario, the marketcap can reach new lows, possibly reaching the next Fibonacci level.
In that case, the LS Volatility Index would rise to 100, indicating an even greater deviation from the 21 average.
Downtrend StartedToday we are seeing some bullish relief on the Daily, but the Monthly and Weekly total crypto market cap is pointing down from overbought on the stochastic. As well the weekly and monthly are both red (yellow in my case). Would advise to only be doing long scalps if trading today and be aware that you are trading against trend and is potentially very dangerous without stops in place even for spot.
On the longer timeframes we should see some big moves down to mid 20s for btc. And I would suspect we see some major relief from there, but then still one more trip down to grab liquidity before the markets start to move up in any significant way.
I'm suspecting stocks will also gap down again this morning as they did yesterday and dxy to show some strength.