Crypto index updateSo the total market cap is at crucial resistance
A good bullish move is expected after flipping the zone
This chart will decide the next direction of crypto market .
Trade ideas
Total market cap of cryptoIts a bullish sign of total market cap of crypto currency
Price is popping out of falling wedge and we can see a fake breakdown in weekly time frame
So it’s absolutely bullish sign
Waiting for a BO or BD yet to make a decisive move either upside or downside. lets wait for the BO or BD and a retesting to add positions by then will be out of any trade
NFA
BIG MOVE IS ABOUT TO HAPPEN IN TOTAL CRYPTO MARKET CAP As of now market is taking support at local support zone
break of this then we can test 1 trillion $ support zone which is psychological support
crypto marketi guess some more dump in market is still there
total market cap has no near support now and lower support is drawn there
if total cap reaches there we will see nice correction in btc
and maybe bear market start
Upward momentumThere could be a possibility for a upward movement soon. I hope there's not going to be some negative news in the market.
Possible breakout upsidePossible breakout to the upside.. As bears starting to get exhausted, a possible bull momentum is on the horizon
total market cap reviewWe are f**ked up in total market cap but yeah little softer than last f**k up.
As you can see the chart difference between % change and timeframe change.
TOTAL CRYPTO MARKET CAP ANALYSISAs you can see from the chart
we have broken the 2.16T support
with a candle open/close below it on Jan 6
We have moved mostly into USDT after this candle open/close
We can potentially see a 20% drop in the market to the next strong support
OR
maybe just 8-10% drop to a local (less strong support --- dotted line)
We will wait to buy around support
OR until we get a candle open/close above resistance
BTC Buy the dip, ManupulationThe Last night was all manipulated and BTC nothing changed fundamentally, Buy the dip and thank me later
BTC can remain sideways for some timethere is clear resistance near 50000 and good support underneath, both bulls and bears are tugging rope in their sides, it can remain sideways for some time and we can see some pump in upcoming weeks
Crypto Currency Total Market Analysis, Based on previous HistoryI am Comparing Total Market Cap adn my Crypto Currency Total Market Analysis, Based on previous History.
Current Bull Market now we see so much bullishness market retrace at 0.5 fib level and now Perform H/H
So now, We can see in future Total Market will be test first 3.5 Trillion and second and final 4.8 trillion total marketcap
Crypto Currency Total Market Analysis, Based on previous HistoryI am Comparing Total Market Cap adn my Crypto Currency Total Market Analysis, Based on previous History.
(1) Bull Market 2017-18 After All time High Market Test 0.69 Fib Level And Bounce but not Close 0.38 Fib Level and there After Perform L/H Constantly.
(2) Current Bull Market now we see so much bullishness market retrace at 0.5 fib level and now Perform H/H
So I personally think market goes another legup
Crypto Marketcap bounce nicely from support, what next?Technical Analysis: Total MarketCap (Update)
In Daily timeframe Chart, Crypto Total Market Cap is Moving Above the Strong Support (1.32T) and did not want go further down
If Crucial Support Broken Down then Next STOP Could be 832bln (So We Could see Crash in Coming Days)
In Bullish Case, If MarketCap Remains Above the Support, Expecting Bounce Back towards the 1.72( 50 DMA)
RSI made bullish hidden divergence and slowly slowly increasing thats means bull seams strong now, it could probably break daily down
trend which is minor resistance as well as 21 DMA (1.50 T).
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Crypto Total MarketCap is Make & Break Position,Crush or Bounce?Total MarketCap (Update)
In Daily timeframe Chart, Crypto Total Market Cap is Moving Above the Strong Support (1.32T)
If Crucial Support Broken Down then Next STOP Could be 832bln (So We Could see Crash in Coming Days)
In Bullish Case, If MarketCap Remains Above the Support, Expecting Bounce Back towards the 1.70
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Trade well, ❤️
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Total market CapThe Total Market Cap Close Below The Parallel Line. Time To Find Out If It Means Anything. Could be the Start Of An Next Leg Down.
Cryptocurrency Going Below 2 Trillion... 😭The charts are now changing... This is the total cryptocurrency market capitalization, Bitcoin + Altcoins.
Today, we have the highest volume, bear volume/red, since February 2021.
Yesterday, TOTAL close below EMA10 and EMA21 with EMA50 being tested today.
We have bearish cross on the MACD and the RSI is dropping...
The whole cryptocurrency market capitalization is going lower. Not nice.
From 2.072 T to 1.767 T soon.
After this level is hit which also coincides with EMA100, we will know what might come next.
Lower or bounce back up?
I like to believe that it will bounce but I don't know... For now, the whole market capitalization is about to drop.
Conditions for change
We would need to see TOTAL move and close above EMA21 in the least for the bulls to be able to consolidate and recuperate, not very likely at this point.
Corrections are part of the market...
In April, we had 9 days of correction.
In March, we had 6 days.
In May, we have 2 days so far including today... It can go for much longer or it can reverse right away... But the signals are pointing lower...
What's your take?
Leave a comment in the section below.
How long will this market correction last?
For a few days?
Multiple weeks?
Or months?
Share with us.
Namaste.
