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
Marketcap
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
$ETH MARKET CAP ETH DOMINANCEETH dominance, which is important and leading for altcoins, rose to 22.30% and made throwback to 20% level. Now I expect ETH dominance to rise up to 25% and with this rise, ETH and other altcoin prices will react upwards in the coming period.
Altcoinler için önem taşıyan ve liderlik eden ETH hakimiyeti 22,30% lere yükselip yaptığı geri çekilme ile 20% seviyesine geriledi. Bu geri çekilme sonrası ETH hakimiyetinin 25% seviyelerine kadar yükselmesini ve bu yükselme ile önümüzdeki dönemde ETH ve diğer alt coin fiyatlarının yukarı yönlü tepkiler vermesini bekliyorum.
Bitcoin and Altcoins technical analysis.Hello everyone, welcome back.
last few days been great days for traders, bulls been taking over the market and we saw some great pumps on different coins, lets checkout bitcoin to see whats going on here
Bitcoin managed to break the downtrend channel, failing to go further down from 46k and with a breakout and pull back to 48k level, we saw a great bullish move helping us toward reaching the 50k level.
checking out the daily chart candle by candle you could see that we have a good momentum right now, meaning that this move is going to last for now.
*use the chart above for major support and resistances level.*
Now currently bitcoin is forming a trading range between 50.4k and 51.4k, meaning that its gonna be here for a while. after that I expect a breakout causing the price rise to 53k level.
Now lets take a look at BTC.D chart and see whats going on.
as you can see BTC.D is at the bottom right now and candles are looking weak meaning that we are probably going to go back up. a simple rule about BTC.D is that when Total market cap is rising and BTC.D is going down or staying down, this means that Altcoins are going to go up, why ? its simple because the money that is entering the market is not spent on BTC, so its spent on other coins. now what happens when BTC.D goes up?
well simply, money is taken out of alt coins and spent more on BTC, causing btc price to go up and alt/btc pairs to suffer.
now should we sell our altcoins and buy btc? not exactly, there might be some good alt coins going further up based on their fundamentals or technical and again BTC.D going up usually effects the Altcoin/BTC pair as Bitcoin gains more worth than the alt coins in this period.
For long term and mid term, everything looks good, there is a good potential for another big bull run, some alt coins are going to go 2x - 5x and bitcoin is going toward ATH.
*Keep in mind this is not a financial advice*
Market Cap (BTC.D + USDT.D + USDT + USDC) - December 17Hello?
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(Market Cap 1D Chart)
(USDT Dominance (USDT.D) 1D Chart)
(Full: )
On the BTC.D and USDT.D charts, the trading volume (???) that occurred on December 14 is the largest ever.
The figures showing the trading volume are indicated as having generated more than 20T.
It can be seen that there has been a movement to defend the price.
We see gaps in the Dominance Chart, USDT Chart and USDC Chart as a signal that new funds have entered the coin market.
When USDT Dominance (USDT.D) goes down, the coin market shows an upward trend.
Accordingly, it is necessary to confirm whether the coin market will show an upward trend as it receives resistance in the 3.5-3.746 section and falls below the 3.374 point.
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** All indicators are lagging indicators.
Therefore, it is important to be aware that the indicator moves accordingly with the movement of price and volume.
However, for convenience, we are talking in reverse for the interpretation of the indicator.
** The MRHAB-O and MRHAB-B indicators used in the chart are indicators of our channel that have not been released yet.
(Since it was not disclosed, you can use this chart without any restrictions by sharing this chart and copying and pasting the indicators.)
** The wRSI_SR indicator is an indicator created by adding settings and options to the existing Stochastic RSI indicator.
Therefore, the interpretation is the same as the traditional Stochastic RSI indicator. (K, D line -> R, S line)
** The OBV indicator was re-created by applying a formula to the DepthHouse Trading indicator, an indicator disclosed by oh92. (Thanks for this.)
** Support or resistance is based on the closing price of the 1D chart.
** All descriptions are for reference only and do not guarantee a profit or loss in investment.
(Short-term Stop Loss can be said to be a point where profit and loss can be preserved or additional entry can be made through split trading. It is a short-term investment perspective.)
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TOTAL - Tells The Whole Story!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
🔥 Altcoin Marketcap: Multi-Year Fractal Bullish OutlookThe altcoin market cap is calculated by taking the total market cap of crypto and subtract the total market cap of Bitcoin. This means that we're currently looking at the total valuation of all the altcoins put together.
When we look at the altcoin market cap, we can clearly see that the period from the 2017 top till now is following almost an identical copy of the pattern from the 2014 top till the mid-cycle break out.
The yellow arcs within the rising wedge pattern form a massive multi-year cup & handle pattern. These patterns are classically bullish break out patterns.
I highly doubt that we're going to get a ~57,000% like last time, but a >500% is certainly a possibility. I'm aware that this analysis is highly speculative since we can only compare it to one previous occurrence. Still, it's a nice future outlook.
Below you can find a zoomed in comparison of the fractals.
Previous fractal:
Current factal:
Total Crypto MKTCAP UpdateI've spent the last few days off of the charts. However, to make sure everything was still intact, I had to analyze.
In conclusion, total MA hasn't dipped below key levels of support and trend is still intact, RSI looks like it has bottomed and the MA is trending towards a bottom on total MKTCAP graphs. Full send soon...
Crypto Total MC Pattern/Warning, Dec 6This is Crypto Total Market Cap analysis, This will affect the whole market
Price is moving in a uptrend channel , right now price is at the bottom of this channel and also a rising wedge pattern is formed in the chart.
Its so important to wait till you see what will happen here
Red scenario: If it breaks the pattern (and also bottom of the channel) then sell because the market will be dumped
Green scenario: If it showed support then buy and invest
Market Cap (USDT chart + USDC chart) - December 5Hello?
Welcome, traders.
By "following", you can always get new information quickly.
Please also click "Like".
Have a nice day.
-------------------------------------
(September 4, 2020)
USDT: 15.831B records
USDC: 2.353B records
A difference of about 7.5 times was recorded.
(today)
USDT: 74.291B on record
USDC: 39.888B on record
About twice as much difference is recorded.
This shows that the amount of money that entered the coin market as a USDC stablecoin has increased dramatically.
This trend is expected to increase until the US crypto asset regulation policy is established.
CRYPTO-CAP, GIGANTIC Ascending-Triangle CONFIRMS!Hello,
Welcome to this analysis about the TOTAL CRYPTO MARKET-CAP and the 2-day timeframe perspectives. In recent times Bitcoin already made some great developments and managed to initiate this main broadening-wedge-formation that has the ability to complete in the upcoming times. In this market environment now I discovered that actually, the total crypto-cap is forming a highly important formation as well especially as it already made a new all-time-high this formation can approve worthwhile in the aftermath. In this case, I am looking at all the important levels, structural formations, and upcoming determinations we need to consider, also in relation to Bitcoin and Ethereum which are important drivers in this whole market by market-cap.
As when looking at my chart we can watch there that the Total-Crypto-Market-Cap-Excluding-Bitcoin has moved on to form this massive ascending-triangle-formation with the coherent wave-count in the formation and the waves A to D almost already completed. With the ending of the wave-D the Crypto-Cap bounced within the lower boundary of the triangle and from there on formed the breakout above the upper-boundary and continued with the wave-E in the structure, above the upper-boundary the Crypto-Cap is now moving on with this symmetrical Confirmation-Triangle-Formation marked in red in my chart, this triangle-formation is confirming the whole breakout and builds the origin-setup for further determinations and the wave-count upcoming.
Taking all these factors into the consideration the Crypto-Cap is forming a great constellation from where a continuation to the upside is very likely. Therefore in this current structure, the Crypto-Cap is likely to proceed with the wave-E-extension as it is shown in my chart. Overall the Crypto-Cap with this formation activated the target-zone at the 3.15 level marked in my chart in blue, there is a high potential given that this target-zone will be reached as fundamentals also showing positively for the whole cryptocurrency market establishment. Especially with this formational structure-specific altcoin in the market are interesting to consider and the extra gains that can be made in these cases, we will see how it moves on, it will be an interesting journey.
In this manner, thank you for watching the analysis, it will be great when you support it with a like, follow and comment for more upcoming market analysis, all the best!
"There are many roads to prosperity, but one must be taken."
Information provided is only educational and should not be used to take action in the markets.