3 years after the March 12th Covid capitulation event...3 years after the March 12th Covid capitulation event...this could be a historical shift for crypto. We may be looking at the most significant de-correlation occurrence since the inception of Bitcoin.by whoistr4c3rz1
Buy Fear & Sell Greed: Last Round Of Discount.With the collapse of Silvergate Bank and Silicon Valley Bank, the bears have took the upper hand in crypto market during the last few weeks. Even though the fact that USDC has depegged is troubling and their 3.3B deposit at SBV even more so. It will take a bit more convince me we have arrived in a new 2008 scenario. In short SBV was mismanaged, they betted heavily on overvalued VC's and startups with Powell's QE money and ofcourse, they lost when the bubble popped. What can one say when they hired an ex-CFO from Lehman Brothers and a CEO who dumped millions worth of stock before this all unfolded. Circle has announced to fill any gap with corporate funds and with backing from BlackRock amongst other giants they should be able to manage the situation. Yet, in the current environment I wouldn't vouch for any exchange or stable coin. With the exit of Silvergate and potential issues at Signature Bank I wouldn't trust an offramp (sell your crypto and initiate a withdrawal to your bank account) either. It leads me to one conclusion, probably you're safest bet is self custody of fundamentally strong crypto projects. For one simple reason: stable coins are replaceable, we've seen that already post-UST crash. They require capital and a relatively simple technical infrastructure. Yet, projects like Bitcoin, Ethereum or infrastructure crypto projects are not so easily replaceable. If you have a long term horizon, these projects will make their way back. Technically, I see trend exhaustion here. A potential head and shoulders is forming and even though the massive amount of FUD, the crypto market hasn't really set a new low since June 2022. Money Flow divergence is positive and we saw massive amounts of volume on Bitcoin last Friday but price did not crash - corrected, yes - but no double digit flash crash. This means one thing only, there are buyers and likely, these buyers are not your average Joe who panic sold his crypto bags. Personally, I bought the December bottom (see linked analysis) and I'm not planning to give away my macro bottom entry. Yes, nothing is for certain in the market and we could drop much lower, but that's the name of the game in investing or trading - nothing is for certain. Yet, I have a simple rule: buy the fear, sell the greed. Good luck, friends!Longby cryptobullethbtcxlmUpdated 666
CRYPTO week ahead: March 13 – 19Last week in the news Previous week brought the game of nerves on financial markets. At the beginning of the week FED Chair Powell stressed that the interest rates would have to go higher from previously estimated levels, while the week-end brought concerns over potential collapse of the Silicon Valley Bank. Both US and EU equities finished the week in red. Not a better situation was on the crypto market, where Bitcoin ended the week around $20K resistance, and Ether is holding above $1.4K. The Federal Reserves were for one more time a game-changer on financial markets. Although the beginning of this year brought at least some positive sentiment that the fight against inflation might soon be over, after the FOMC started slowing down increase in its interest rates, a FED Chair`s Powell Congress testimony revealed that the FED is not even near its previous estimates. Namely, he openly noted in testimony that the rates could go even higher from currently anticipated 5,25% if inflation remains persistent and probably the increase would be at a faster pace from current 25 bps. Markets immediately changed expectations for a 50 bps increase in rates in March, from previous 25 bps. Based on data published on Friday, the US nonfarm payrolls rose 311K, more than market estimate, confirming the assumption that inflator pressures will persist, as well as FED's rate increases. Troubled crypto-friendly Silvergate bank was in the market spotlight during the previous period, but during the previous week it has officially noted that the bank is winding down its further operations. However, at the end of the previous week there was news about venture-capital-friendly Silicon Valley Bank. The bank went into trouble after not being able to secure funds for further operations. Namely, the Silicon Valley Bank was well known in the Silicon Valley as a financial institution which was strongly supporting start-ups especially in the tech industry. Since the latest meltdown on the financial and crypto market, many depositors withdraw their funds, and the bank was not able to secure further funding even after a sale of its Tbonds worth $21 billion with $1.8 billion of loss, neither was able to secure $2 billion of additional capital. The bank is currently under supervision of the Federal Deposit Insurance Corporation in order to secure the rest of deposits. The final resolution for the bank will probably be known during the following week. Not all investors see current developments as negative. Cathie Woods is one of the rare investors still ready to buy at significant discounts and current prices. As per news, Ark Invest bought additional $22 million worth shares of Coinbase. With the latest purchase the Fund currently owns 9,9 million of COIN shares with market value of $575 million, or 3,8% of COIN shares. Crypto market cap FED was once again a game-changer. Trading on financial markets during the first half of the week was a reflection of FED Chair Powell`s testimony in the US Congress, where he expressed views on potential higher interest rates from previously projected if inflation persists. At the same time, he noted a possibility for pace of rate increases to be higher from previous 25 bps. Markets immediately reacted where 2Y Treasury bonds reached levels above 5%. Equity markets were traded lower, and the crypto market followed. The end of the week was marked with another shock, when VC-friendly Silicon Valley Bank collapsed after experiencing significant outflow of deposits. That event triggered a significant sell-off on the crypto market, where all coins lost a huge portion of the value. Total crypto market capitalization ended the week 7% lower from the week before, losing additional $68B. Crypto market cap is still holding above $900 trillion and is still in a positive territory compared with the end of the previous year. Daily trading volumes were increased to the level of $170B on a daily basis, compared to $56B traded during the week before. Total crypto market capitalization has increased by 21% since the beginning of this year, adding total $156B to the market cap. The only coin which gained during the previous week was Tether, by adding a 1,90% to the volume of coins in circulation. Majority of stablecoins were affected with the latest downturn, where USDC fell below $1.0 peg. Major coins on the market were participating with 80% in total crypto market cap drop in nominal terms during the previous week. Bitcoin was down by 8,9%, losing $38B in market cap. Ether followed BTC and dropped its market cap by 7.3% or $14B. BNB was also affected, where its market cap was decreased by $2.1B or almost 5%. Solana was also down by $1.1B or by more than 15%. Other coins with significant drop in value in relative terms were Litecoin, who dropped by 24%, NEO was down by 23%, DASH dropped by more than 32%, OMG Network decreased its value by 24%. As for coins in circulation, during the previous week Monero decreased its circulating coins by 5,2% w/w, EOS coins were down by 0.3%. while Filecoin continues with its strong push for the circulating coins, increasing its number by 5,2% during the previous week. Crypto futures market It has been the third straight week in which both BTC and ETH futures were traded at lower grounds. At the same time, the last week`s market run-off triggered over $300 million losses in liquidations of the open positions and margin calls. Coins traded on CME exchange ended the Friday trading lower from the current spot prices. BTC short term futures were traded by more than 10% lower from the end of the previous week, while longer term futures were down slightly below 15%. BTC futures maturing as of the end of this year were traded at price of $20.63K, while December 2023 was traded at price $21.33K. ETH short term futures were traded lower by less than 10%, while longer term futures prices dropped by more than 14%. ETH futures maturing as of the end of this year ended the week at price $1.44K, while those maturing in December 2023 were traded at price $1.470.by XBTFX2
Market Overview Hello everyone! here is a simple chart with a simple analysis to illustrate my point of view about the next market movement. - I see that Market has a very important support around at 850B and another very important one at 750B - in my opinion, pulls will be able to hold 850B support for a while to make an upside correction then drop again to test 750B support. - weekly and monthly candles look bearish, so you have to watch the market carefully and stick to a very restricted risk management strategy. - DCA from the current prices to the last bottom will be perfect for mid and long term traders. be safe and don't gamble with your money! Thanks <3 by KhaledzuUpdated 116
wave number 2 of Elliott correctionwe are in wave number 2 of #Elliott correction. It will End when BTC=30000-33000 after it, next wave will start at this price and will end at BTC=10000-12000 Longby shirvali3
📈 Cryptocurrency Set To Grow In March & April 2023 (1.45T)You know what a "shakeout" is? You know what a "correction" is? The TOTAL Cryptocurrency market capitalization is set to grow in March and April 2023. Likely to go to 1.45T or more. There can be some stronger negative action down the road but it will be an easy ride compared to 2022. Don't let them shake you out of your positions. Hold easily and calmly. The best is yet to come. What we saw in January 2023 and early February was just a small taste of what we will see develop now. Of course, only the strong ones will be able to benefit from this wave. The weak ones will fold. On which side are you? Share in the comments, we welcome ALL, bullish and bearish of course. We are on the bullish side. Any corrections and retraces can be used as an opportunity to buy-in, rebuy and reload. Namaste.Longby AlanSantana2221
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 tby Orriginal0
The Whole of Crypto Land, made from Total Crypto Market CapHi Traders This chart makes up all of the Crypto with Crypto Land and shows us the health of the whole Crypto Market since 2018 We've draw some trend lines from previous Bull and Bear cycles. 🌝 potential ATH drawn through 2 last bull run ATH's 🚁 previous Bull Run ATH 🔨 Under hammer time 🚀 Major historical floor and liquidity zone. We looking to follow the trend not the risk. Please share your thoughts with us. Lets Go!by cryptodefrag0
In case TOTAL breaks the downtrend line below 1.0 fibThis analysis language: bearish trend line confirmed at three distinct points. TOTA indicating the total amount of money in the cryptocurrency market Bonat pressure based on early 2013, marking 2018 pivot and associated with 2021 ATH (November) Currently the main Fibonacci leves are 1.0 and 0.786. They should act as support in the coming months. There is a high chance that the 1.0 Fibonacci support will be broken and thus test 0.786 Fibonacci support. A bullish trend will appear when the downtrend line has been broken and retested.Shortby renatorez21
TOTAL CRYPTO MCAP VS USDC MARKETCAP CORRELATIONUSDC Marketcap appears to pump on the daily chart prior to total crypto marketcap dump and vice versaby zooaka0
Crypto Total Market vs Wall Street Market CycleIt goes almost every time with Wall Street Market Cycle graphic. We're looking for the next move. by ErenCaner113
Nothing ChangedSome longs are getting trapped, otherwise nothing has really changed. We have to break about 970ish with conviciton. Otherwise this is just a nice place to short. Shortby prefabsproutUpdated 336
Understanding the Crypto Market CapThe cryptocurrency market has experienced significant growth but more recently saw a huge decline as sentiment soured due to several scams, insolvencies and a lack of regulation. Bitcoin, the first and most well-known cryptocurrency, has played a significant role in this growth. In this analysis, we will explore the relationship between the crypto market cap and Bitcoin. Bitcoin's dominance in the cryptocurrency market has been significant, with the market capitalization of Bitcoin accounting for over 40% of the total crypto market cap. As a result, changes in Bitcoin's price often have a ripple effect on the entire crypto market. When Bitcoin's price rises, it can create a positive sentiment across the market, leading to increased demand for other cryptocurrencies and driving up the total crypto market cap. Conversely, when Bitcoin's price falls, it can lead to a decrease in demand for other cryptocurrencies, causing the total crypto market cap to decline. There are several factors that influence the relationship between the crypto market cap and Bitcoin. One of the most significant factors is the overall sentiment toward cryptocurrencies. When the sentiment is positive, investors are more likely to invest in Bitcoin and other cryptocurrencies, leading to an increase in the total crypto market cap. However, negative sentiment towards cryptocurrencies can have the opposite effect, leading to a decrease in demand and a decline in the total crypto market cap. Another factor that can influence the relationship between the crypto market cap and Bitcoin is regulation. Regulatory changes, such as bans on cryptocurrencies or increased oversight, can have a significant impact on the market. For example, when China announced a crackdown on cryptocurrency mining and trading in May 2021, it led to a sharp decline in Bitcoin's price and a subsequent drop in the total crypto market cap. Furthermore, technological advancements and developments in the crypto space can also influence the relationship between the crypto market cap and Bitcoin. For example, the rise of decentralized finance (DeFi) has led to the development of new blockchain-based financial products and services, driving demand for cryptocurrencies and increasing the total crypto market cap. So, what does this mean for investors and traders? Understanding the relationship between the crypto market cap and Bitcoin can be useful in making informed investment decisions. When considering investments in cryptocurrencies, investors should carefully monitor the price of Bitcoin and its impact on the total crypto market cap. Additionally, keeping an eye on sentiment, regulation, and technological advancements can help investors make more informed decisions. However, it is important to remember that the crypto market is highly volatile and can experience rapid price movements, making risk management strategies crucial for success in this market.Educationby JinDao_Tai7
Countdown to BTC halving. Accumulate for 2024remembering where we are in the usual cycle. It is worth noting that accumulations in this timeframe for 2024-2025 may be well rewarded. Now may be a good time to investigate new and burgeoning trends/ecosystems in the space. This is how you get involved before the hype expected to follow in 2024. Then you are the one dumping on the pump instead of chasing the pump and getting dumped on. not expecting immediate profit allows for slow and methodical portfolio allocations and plans for the bull market. Longby SnarkyPuppy14
Uptrend in the crypto market. Or at least showing beautiful signTotal crypto market by the end of 2025 will have +10 TLongby SophiaAnderson1
TOTAL MARKET WALL STREET SCHEMEPsychology of a Market Cycle. Where is Crypto on the Wall Street Cheat Sheet!Longby Leon3x0
CRYPTO week ahead: March 6 – 12Last week in the news Both EU and US equity markets were closed higher on Friday, after easing in the US Treasury yields. The market had priced available information regarding further tightening of monetary policy, however, the week ahead is bringing some important data which might bring back volatility. At the same time, the crypto market slowed down amid concerns regarding the Silvergate crypto-friendly bank during the previous week, with Bitcoin ending the week above $22K, and Ether holding above $1.550. Inflation in the Euro zone continues to surge, data showed. During the previous week, published yearly inflation figures for February showed a further increase of 5,6% y/y, above market expectations of 5,3%. There is an increasing number of economists who are pointing that the planned 50 bps ECB`s increase in rates in March would not be enough, and that probably additional 100 bps should be needed in the coming period. At the same time, still strong US employment data impacted the strengthening of the USD, but most importantly, it made an additional impact on the US Treasury bond yield curve. Namely, the 2-year T-bonds reached a level of 4,86%, which was last seen in June 2007. This bond is mostly watched by the market due to its sensitivity to FED`s moves and certainly as a signal to markets that the FED will continue to hike rates in the coming period above current levels. On the other hand, there are analysts who are voicing that the FED is currently lagging behind the yield curve with rate increases, and that 25 bps would not be enough to cope with inflation. Binance exchanger is once again in the news spotlight. This time is due to several senators in the US Congress requesting detailed information on the Binances`s business operations due to concerns over the company's illegal practices. Senators are especially pointing to Binance`s anti-money laundering and sanctions law practices and compliance with the US regulation in that respect. Binance USD coin issued on the Paxos fell below a $10 billion market capitalization, since Paxo`s announcement that it will halt minting new BUSD, as it has been requested by the New York Department of Financial Services. This comes after a concern from regulators that Paxos is offering unregistered securities. Published statements of the Silvegate crypto bank showed that its business has been hurt by the crypto implosion as of the end of 2022., when the bank lost more than $8 billion in deposits. At the same time, the bank faced investigations from regulators but also potential restating of its financial statements after the ongoing audit was finalized. Special warning to the markets was an announcement from the Silvergate bank that it is closing its SEN platform, which has been used by bank`s clients to transfer their funds from bank to other exchangers. Coinbase (COIN), a cryptocurrency exchanger, announced that the company had acquired One River Digital Asset Management. As a rationale for such a decision, the company is noting that it is looking to expand its business to investment advisory service to the institutional clients. Crypto market cap Questions regarding FED`s future monetary tightening is still the main topic on the market. Still, during the previous week the crypto market has been impacted by the news regarding Silvergate bank development and its potential further deterioration in business due to crypto implosion as of the end of the previous year, when the bank went into the spotlight of regulators after the collapse of the FTX exchanger. During the previous week, total crypto market capitalization decreased again below the level of $1 trillion, reaching $980B. This represents a decrease of 3% on a weekly level where the crypto market lost more than $34B in value. At the same time, daily trading volumes continue to be decreasing, trading around $56B on a daily basis, which is a further decrease from $88B during the week before. For one more time the crypto market is slowing down, which is its usual course of action during the times of high uncertainty of market participants. Total crypto market capitalization has increased by 30% since the beginning of this year, adding total $224B to the market cap. Major coins on the market were the ones which led to last week`s drop. Bitcoin was a leader on a negative side, losing $14B on a weekly basis or more than 3%. Ether`s loss in market cap was relatively lower, holding at $4.5B or more than 2% compared to the previous week. BNB was hit by the negative news around Binance exchanger, where the coin`s cap was down by $2B or around 4%. Majority of altcoins were mostly down up to 10%, with few coins with higher loss in market cap, like Miota and Theta, which were both down by more than 16%, ZCash was down by 15%, or Filecoin with a decrease of 12%. On the opposite side, few altcoins managed to perform with a positive weekly result, like Maker, with a surge of 23%, EOS was up by 11%, while NEO managed to gain 6% compared to the previous week. As for coins in circulation, the winner of the week was Monero with a surge in coins in circulation of 5.5%, and was followed by LINK, which increased its coins by 1.8%. Crypto futures market During the previous week crypto futures were traded a bit lower from the spot market. This comes as a result of significant liquidations of long positions after negative news regarding the Silvergate bank. BTC short term futures were traded down by more than 4%, while longer terms were traded in a calmer way. Futures maturing as of the end of this year were closed at price $24,14K, almost flat compared to the week before, while maturities in December 2024 were down by 1%, ending the week at price $24,96K. ETH short term futures ended the week about 3% lower from the week before. Futures maturing in December this year and in 2024 were relatively flat on a weekly basis, where December 2023 ended the week at price $1,67K, while December 2024 was traded at price $1.719.by XBTFX3
TOTAL CRYPTO market cap, in trouble ?This is the 4 hour chart from, on the left, the Low after the FTX Scam to current PA and as you can see, even though people are worried, PA has not even retraced back to the 382. There is a possibility that the next few weeks may well see PA drop lower and there is as much chance it may go higher Fact remains, PA is approaching OVERSOLD and as you all know ( mostly) this means ability to go up under the right circumstances What is amazing is how, as seen on this, the bears tried taking it lower but the Bulls stepped right back in. We have Support Still. The DXY will be the trigger for the next few weeks now while we wait for the expected 25 point rise Bitcoin, in its own right, is in a very similar position to this chart. The possibility exists of a pull back to the 2017 ATH line, around $20K and under catastrophic circumstances, $16K but this would be extreme. Lets see how the week closes before we make to many choices I sayby Orriginal3
What's up about crypto market cap💰. TOTAL CRYPROCAP 📈📉Hello guys. This is an update of previous analysis (blow link), The chart is very similar to Bitcoin now. After breakout the trend line , I expected some correction as a pullback and complete the pattern then continuation of upward but this has not happened yet and the market needs that ,Consider it and monitor the price's action in the circles. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion here to meShortby ArashBanakar114
The Future of Crypto MarketCap: TA to Navigating the 2030 AgendaGreetings fellow traders and investors, The world events of the past year have had a profound impact on the global economy, and the crypto market has not been immune to these effects. As we move forward into the next period of capitalization, it is important to take a closer look at the current state of the crypto market and how it may be affected by the events unfolding around us. In this analysis, I will examine some of the key factors that are likely to shape the crypto market in the coming months, including the ongoing COVID-19 pandemic, geopolitical tensions, and the transition to a digital economy. I will also explore some of the potential opportunities and challenges that traders and investors may encounter in this dynamic and rapidly evolving landscape. Whether you are a seasoned trader or a newcomer to the crypto market, I believe that this analysis will provide you with valuable insights and actionable strategies for navigating the challenges and opportunities of the next capitalization period. So join me as we explore the future of the crypto market together, and let's uncover the hidden gems and potential profits that lie ahead. Thank you for your attention, and let's get started! We established great support at 750B, distribution was set, and we are now in an uptrend. This may be short lived after the events around us unfolding. The reactions of these events unfold slowly but will have a massive impact on the way we live. It's no secret that this is modern warfare. There is a lot of uncertainty with our global currency, the USD. From it not becoming the figure of value of the Saudi Oil Barrel to China leaping into taking the throne. It won't be long before news arouses over the "printing" of dollars from other countries such as Venezuela that they have officially figured out how to perfectly replicate it. This is pure speculation by the way. But it will play out. Banks will have "outages" which could last up to 3 days. Once that is survived, we may be presented with digitalizing the USD, and other world currencies. How will this play out? Well, I am not Cryptodamous. But I will pretend that I am. Uptrend: | Ends May 2023 | The speculation of uncertainty with the USD, people "Preparing" etc. will cause the market to go back to 1.5T, this will be short lived, and this is where the media will cover it, everyone will start to buy in again. This is your indicator to sell. Downtrend: | May 2023 - Nov. 2023 | Within 33 days, a new plannedemic will start to become mainstream. What is it, not sure... Could be Anthrax. If it's Anthrax, well it will start off with Animals being infected by polluted soil and water. What can cause this? Of course, not train derailments leaking into our soil and rivers that interconnect with all major water sources for our (US) farmland. But we will be blamed for our carbon footprint. The collateral damage will be a worldwide event. Food shortages, more control and possibly the first ever worldwide internet shortage. If what we are ingesting is infected, well then, we are also infected. All water above ground will be vulnerable. (Advice to buy land that you can tap a water well into) This will last for 6-8 months. This will correct the market into what everyone was expecting. $12k BTC. (The potential to Flash wick into $7k exists - this will only last 2 hours). Overall, this will place the total crypto market cap at $565B The new Bull Cycle: | Nov. 2023 - Dec. 2025 | The introduction to a new form of control. Digitalizing the US dollar. The people will catch up to this soon as they come to realization that you have 0 privacy. Your money expires. All your whereabouts will be monitored. But most importantly, taxing our carbon footprint. We are the first generation of humans to live life like this. This is new to everyone and although we can look at the past for the rise and fall of nations, we have the technology to break out of this system and treat Bitcoin as the true Digital "Gold." All the above is not trading advice. Use TA to accurately make your trading decisions. Freedom doesn't have a price. But if it did, it's not worth less than 10 Trillion :) and people will pay 100 Trillion :)by jovani79192