CRYPTO MARKET CAP BULLISH LEVELSWe need to go up to 123 and stay there to be bullish. Also, be aware of the triangle.
Marketcap
🔥 USDT Dominance Signals Bullish Reversal SoonThe USDT dominance chart is not a chart I see on TradingView that often. However, it offers good insights whether investors are selling their crypto for USDT, or spending their USDT to buy crypto. Generally, when USDT.D goes up, crypto prices go down. When USDT.D goes down, crypto prices go up.
Since the start of this bull-cycle, USDT.D has been trading in a clearly defined horizontal channel. Once USDT.D reaches the resistance area, the (local) bottom has either been reached or is very close. Once USDT.D reaches the support area, the top is either in or very close. I've marked the last four major moves on the chart, green being bullish moves and red being bearish moves.
Furthermore, the 3-day RSI is significantly overbought. The last two time this happened it signaled that the bottom was very close and we were prone for a bullish move.
Be aware that there's still more room to fall. We have a very important FOMC meeting later today. A bullish market reaction might trigger a further decline in USDT dominance and a corresponding bullish move from crypto. A bearish reaction might send USDT.D further up the resistance area.
Nevertheless, most of the damage from the current correction has already been done.
Happy trading!
Bitcoin bottom isn't in. Made a video. Real talk guys. As the title says. I don't believe we are at the bottom but we are close so why wait? DCA is king here. Dry powder bombs are your aces so placing some orders in some low territories is a smart idea to scoop up those sales baby!
TOTAL Market Cap - Critical Support!Hello TradingView Family, this is Richard.
I usually keep an eye on TOTAL to get a feeling about the overall crypto market bias. Just like I keep an eye on DXY when it comes to Forex.
As per my last TOTAL analysis, we are still bearish trading inside the red channel/wedge.
The reason for this update is to highlight that the Head & Shoulders Textbook target/projection is filled. As marked in purple.
Moreover, TOTAL is diving inside a horizontal support (in green) and approaching a non-horizontal support/trendline (in brown)
But of course, that doesn't mean that the bulls are in control. Not yet!
For the bulls to take over , we still need a break above the last high and the upper red trendline.
Meanwhile, until the bulls take over, TOTAL would be overall bearish and can still trade lower and lower.
All Strategies Are Good; If Managed Properly!
~Rich
Not Much Time Left For BTC To Make A Decision! When looking at BTC on the 4hr TF we can see that it is approaching the end of the triangle shown. Every line shown is a major S/R zone. Let us watch and see which line will get broken first. If the diagonal line is broken, that will be a bullish sign and if the yellow line below is broken that will be a bearish sign. Whichever break, let's wait for a retest and a continuation in the same direction or the break, to confirm a bullish or bearish move.
Don't trade with what you're not willing to lose. Safe Trading, Calculate Your Risk/Reward & Collect!
Love it or hate it, hit that thumbs up and share your thoughts!
This is not financial advice. This is for educational purposes only.
Important market areaAn important area of decision if we maintain the trend line, we will see growth in the market, and if the trend line is lost, we will see more correction in the market.
USDT.D DescendingThe correction process in usdt can be predicted, we expect to have the correction pattern floor and this is good ...
Total market cap Hopefully this total market cap breaks the trend line - it’s looking good on 4H chart and closing in on the 1D chart. If it breaks we can see a great season coming!
TOTAL3 - Altcoin Season already Started? Is Already a season for ALTCOIN?
TOTAL3 Altcoin, was broken once but it goes again down, and this was the fake altcoin.
Last 4 Days we seen another breakout and retest done.
Do you think the altcoin season is now open ?
ADAUSDTADA
A lot of people do not like Cardano because they expected massive growth in 2021. I hear number like higher then 5 or 10 usd and much more. You need to know that Cardano cap. is astronomic $44,609,975,800. It´s fact.
-60% was a good and health correction. Now we are in the falling flag. Cardano win the fight in the yellow elipse, so looks ready for recovery mode. In next weeks I expect test of higher red resistance (around 1.9 usd). If Cardano and whole market fail, we will go on the lower support around 1 usd.
LBL_CZ
CRYPTO TOTAL MARKET CAP TECHNICAL ANALYSISSee the total crypto market cap, which is 2.22% higher than yesterday. This number same as April 2021. What is the next then?
The candles are moving between those 2 down trend-line. If Crypto total market cap will not go down lower than $1.925T, market cap may get approximately 12% higher than today. Risk/reward Ratio approximately 1.09. We haven't get any signal(s) from our robo advisor @EngineeringRobo yet.
We need to follow our chart closely.
"NFA"
TOTAL MARKET CAPITAL📊 Total Market Cap Analysis
I think the Market will rise from here and Insha Allah we'll saw the Volume Soon.
Where is the crypto market standing right now?The total market cap has fallen below the 300 DMA after more than 19 months of trading above it. In 2021 it touched it twice and bounced, but this time there was no bounce. It also slightly dipped below the Yearly P and swept the early December low, but the response to getting to these key levels has been underwhelming to say the least.
Both BTC and ETH have hit major support levels and they both done what in my opinion would be best before continuing higher, yet I see no strength. Most people are just talking about bearish at support, yet that's all I see. For weeks now most have been bullish and talking about how we will get no bear market for years, how high inflation is good for crypto and overall just rejecting any bearish factor from their analysis. Just a week ago I saw a poll with about 2.5-3k participants that asked at 46k, whether people thought 60k or 30k was next. The results were like 65/35 and that perfectly matched with the long short ratio on most exchanges which was higher than 2:1.
To be clear I am not a long term bear, but I do take into account several factors and mostly the fact that the Fed wants to raise rates and reduce its balance sheet in a slowing economy. My view is that the global economy is in a terrible shape even if Omicron could be what puts an end to this pandemic. So the Fed being aggressive when most of the inflation hasn't occurred due to 'money printing', isn't great. They have to be hawkish at this time because markets are way overbought and people are angry at inflation. They need to act as if they have the situation under control.
Stocks were up 40% from their Feb 2020 highs and are now down 4%, but could easily have another 5-8% down from here before bottoming, so crypto could also have some extra downside from here. If they drop more, crypto could suffer even more... but for now I don't think they will drop more than 5-8% in the next few weeks. Eventually I do see SPX trading at 4000, but not yet. For now the crypto market seems strong, especially altcoins relative to Bitcoin, but I can see the market drop to 1.6-1.7T and then to 1.1T if there is a major crash. That even would have to be a liquidity event, something like March 2020 and wouldn't last long.
The truth is that the market is already oversold and there is a lot of liquidity in the market at the moment. With 165B of stablecoins in circulation, the market is currently is just 10-20% more expensive compared to what it was at 29k in July. Many on and off chain indicators are already telling us these are good levels to buy, but the best area to buy is 24-27k for BTC and potentially 1.1T for the total Mcap. Of course many catalysts could lead into that crash, from something due to the Fed, regulators or Covid, or simply people panic selling as people realize we won't moon in the next few weeks.
After that I believe the bull market will resume. In my opinion if too many bad things start occurring and nothing positive starts to occur, then yes this could turn into a proper bear market... but for now I think no matter what happens things will quickly change to the better and the bull will resume.
Altcoins Session is coming soon .?#BITCOIN Dominance update:-
#Dominance currently trading 39.77%
As per chart dominance already broke down the support level.
Still trading below support 40.30%
Guys below $40.30% we can see big Altcoins sessions.
But if Break 41% Resistance that’s mean Exit time from Altcoin.
First 37% support level then 35%
But Above 42.50% Strictly Exit from Altcoins because after 42.50% Altcoins blood bath.
In Simple Language:-
Below 40.40% = Altcoins Bullish
Above $40.40% = Altcoins Bearish
CAKECAKE
CAKE is also after huge and health correction. Price is in the small
yellow acummulation rectangle. If the CAKE want be able to do something - he should react on market at the current moment. So going up soon.
If CAKE and market fail we will see CAKE back in the green support.
But looks bullish.
LBL_CZ
So cool when price does that...I had this line on Apple NASDAQ:AAPL from last week: the official $3 Trillion Market Cap level at 182.86. Earlier this afternoon it pegged the level and made it resistance. So cool when price does things like that!
MARKET CAP OTHERS DOMINANCEIt will be useful to follow altcoin dominance while following the price movements. Descending wedge is broken and the dominance clings to the support. Its rise to green striped levels will show itself as an increase in altcoin prices.
Altcoin fiyat hareketlerini takip ederken dominance da takip etmek faydalı olacaktır. Altcoin dominance düşen kama kırılmış ve destek üzerinde tutunmuş gözüküyor. Sırası ile yeşil çizgili seviyelere yükselmesi, altcoin fiyatlarında da yükseliş olacak kendini gösterecektir.
Total Market Cap of Cryptocurrencies. Read this article before buying cryptocurrencies.
The use of indexes is very common among stock’s traders and investors as most of the stocks rise and fall correlatively. Similar conditions exist in the cryptocurrency market too!
Most of the times, just about 100 days before BTC halving, prone-to-growth and fundamentally valuable cryptocurrencies begin to grow rapidly.
For instance FTM, ADA, SOL, ETH and so many other cryptocurrencies you must know better than me started to grow before previous halving of Bitcoin, while they are not technically related to BTC at all!
Bitcoin is a tradable assess and may have the possibility to be used as a money transfer tool, but it’s able to play role as an index for other cryptocurrencies which are able to be much profitable than BTC itself. For example FTM rise more than 12000% in 2021, simultaneously BTC grow up only for 65%!
There are so many traders who take a look to BTC chart before buying a crypto but change of BTC dominance is the best witness that BTC is not the best Index.
May be we could use Crypto total market cap as an alternative.
In analysis of TOTAL (Crypto total market cap) an almost strong resistance could be seen in around +30 or +40 percent from current market cap!
Price reacted to the line for 2 times recently and the main strong support is so far away from current situation. It’s a bad news!
The other bad news is that there are about 817 days to the next halving. Most of the times market cap decreases in this period since the supply of bitcoins is high during this time and the bulls will face a difficult battle to win and, as I mentioned earlier, it affects other cryptocurrencies as well.
But the good news is the great resistance can be seen in 0 point of my self-made indicator, Middle Line Confirmations (MLC), which I will publish soon, that is a good sign that the possible correction will not be severe. I think it’s a good time to buy good crypto currencies regarding their Reward to Risk ratio and fundamental analysis which differ from one to another since we hopefully will not be in a long-term correction.
But if we lose the support of 1.581T there may be severe correction that will last about 700 days from now. If that happen the green support line will be broken and we may touch the lower white dotted line between 500B to 700B, since this line is parallel in logarithmic scale with the red resistance line.
Analysis of MLC (middle line confirmations):
April 2019, 0 line of indicator was broken sharply and it led to a 122% grow.
August 2019, line 0 break was associated with resistance and market cap moved just for 35% down!
The next hard break was accompanied by a short move, this time 0 line broken up which it led to 22% growth!
April 2020,0 line broken with ease again and the result is another big move. This time more than 1000%!
Next time again a break with resistance could be seen and the correction limited to 54%
Next break which is an easy one do again end to an almost big move.
If there will be a broken 0 line again here it is perfectly accompanied with great resistance, so there might be powerful buyers who believe these prices of cryptocurrencies are discounts.
Do your own research before buying any assess.
Don’t forget of money management and risk management.
Don’t forget that cryptocurrencies are so volatile.
Regards, Ali
TOTAL - Keep An Eye on TOTAL!I usually keep an eye on TOTAL to get a feeling about the overall crypto market bias. Just like I keep an eye on DXY when it comes to Forex.
From a long-term perspective , the WEEKLY chart on the right, we all agree that we are still overall bullish.
Technically we are trading inside that big brown channel, and we are currently in a correction phase after rejecting the upper bound / brown trendline and 3T round number.
From a medium-term perspective, the DAILY chart on the left, we had a classic higher high, followed by a lower high, and then a break of the previous low. A classic market structure pattern, known as Head&Shoulders.
After breaking below the head and shoulders neckline, marked in gray, the bears took over and TOTAL started trading inside the red channel, making lower highs and lower lows.
That being said, we know that we are overall bearish, but what are the possible scenarios?
Scenario 1: Projection in Purple
A movement till the lower bound / brown trendline and green support zone is expected before the bulls take over by breaking above the red channel.
Scenario 2: Projection in Blue
A sudden shift in momentum, by an aggressive movement from here to break above the gray zone again, invalidating the red channel, signaling that the bulls are taking full control again.
Which scenario do you think is more likely to happen? and Why?
All Strategies Are Good; If Managed Properly!
~Rich
#TOTAL CRYPTO MARKETCAP HEAD AND SHOULDERS#TOTAL CRYPTO MARKETCAP HEAD AND SHOULDERS
In case of breaking the neckline
The probability of decline is at least up to the range of 1.7 to 1.4 billion.
