IS THIS BULL MARKET OVER ? Not yet here's what you need to know!I'll just keep it short,
USDT.D is hitting the long-term resistance around 4.87.
Break above and close above this level means the beginning of the bear market which will eventually lead to the break below the 30k level.
Whereas, rejection could take BTC to $43k+ level again.
$35k also happens to be monthly support which makes it quite important.
if BTC manages to hold $35k by Jan month's close the cycle will stay intact.
Currently, there's too much manipulation in the market and things are still uncertain.
This chart is the best indicator for the market direction.
Better use it in HTF.
Rejection is the key to new ATH, less likely but still possible as long as BTC is trading above $28k to $32k area.
What to do?
Wait for the right time.
We have been sitting aside and waiting for the right time to trade since BTC broke below $53k.
This decision helped us to save a lot of funds.
Your priority should be to protect your funds and avoid leveraging here.
My message to you will be to relax and Don't stress too much about money
Try to get engaged in things you love, it could be going on vacations, trekking, learning some new hobbies, hitting the gym.
Just take your time and don't give up!
Thanks for reading.
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!
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.
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"
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