Altcoins Can Drop Another 75% - Worst Case Scenario!In this analysis I want to talk about a long-term parallel channel on TOTAL3, which is the total marketcap of all altcoins.
Preface: before everyone gets offended etc, this is not my most likely scenario. Big chance that this pattern won't play out. Nevertheless, it's important to consider different market outcomes. Trading consists of IF>THEN decisions. Ask yourself, if the market drops another 75% from here, what will you do?
Now into the analysis.
The parallel channel is constructed from the top resistance and anchoring that resistance to the 2020 covid dump.
As seen on the chart, alts lost over 92% of their value in the 2018 cycle. Currently, alts have lost 75% of their worth during the last cycle. If alts were to go down towards the bottom yellow support, they could lose around 85%-88% (depends on time) value.
In other words, if this worst case scenario were to play out, alts could lose 70%-7% of their CURRENT value.
Is this pattern likely? No. Should you prepare for it? Yes. Keep it simple, assume that the bottom support area is a great long-term entry point and can function as a bear-market bottom in case we go down further.
There is definitely some risk of a recession as per my last yield-curve analysis. Furthermore, the SAHM Rule Recession indicator (google it) signals that a recession is coming. If the stock markets would go down like in 2001 and 2007, we're in for a wild ride in crypto.
Happy to hear your thoughts.
Marketcap
TOTAL2 - Altcoin marketcap is reversing#TOTAL2 #Analysis
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The altcoin market cap experienced a significant drop from $1.2 trillion to $845 billion, and the current chart indicates that it is hovering around the support zone. This drop was anticipated following a substantial increase from $500 billion to $1.2 trillion, representing a more than 100% surge in the overall altcoin market cap. It is expected that the overall altcoin market cap will rebound from this support zone, with the next target being $1.7 trillion.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
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Best Regards,
VectorAlgo
TOTAL - An Overview on the crypto marketcap#TOTAL #Analysis
Description
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+ After a clear bounce from the support, another drop is occurring, which is normal.
+ We also have a strong support line that is providing significant support.
+ As long as the market cap remains above the horizontal and trendline support, there is hope for an upcoming bullish market.
+ A breakdown from this support zone could lead to further declines in the market.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
Crypto Altcoin market cap - daily chart viewTOTAL3, which measures the market cap of all cryptocurrencies except Bitcoin and Ethereum, is currently sitting at a crucial support level. This is the third time it has tested this zone, making the next few weeks critical for the future of altcoins.
For any chance of an altcoin recovery or the start of an alt season, a strong reversal is needed. If TOTAL3 can bounce back from this level, it could spark new interest and momentum in the altcoin market. However, if it breaks down further, we could see more weakness across the board.
I'm hopeful that we'll see a reversal in the coming weeks, which could reignite the altcoin market.
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Cheers
GreenCrypto
TOTAL3 - Total Altcoin marketcap | Headed in the right direction
Altcoin marketcap is currently trading inside the channel and it's been inside the channel since 2024 with market cap reaching the peak in first quarter of 2024
Currently the marketcap is around the resistance line and expected to break out from the resistance zone.
we can expect a clear bullish confirmation after the price breaks the $750B barrier.
By the end of 2024 i'm expecting the altcoin marketcap to reach 1T
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Cheers
GreenCrypto
Current Bitcoin narrativesGood:
It's still bitcoin. 1 BTC = 1 BTC
BTC ETF on-ramp.
Inflation is continuing to be real shit for most countries around the world. Bitcoin was designed as a hedge to inflation.
ETH ETF lends credit to cryptocurrency as a whole.
ETH ETF may have staking rewards in Hong Kong.
USA inflation and employment/pay are trending downward, and the Federal Reserve is considering reducing interest rates in response.
Donald Trump is presenting as a cryptocurrency friendly candidate for USA presidency.
Bad:
Bitcoin mining centralization (due to prohibitive costs and some companies just simply being better) is a growing problem that has not been resolved yet. Censorship is a threat. Mining rewards not yet withdrawn are a warchest waiting to be dumped to protect the mining companies in case of price depreciation instead of appreciation first. Similar to how Luna had a warchest of bitcoin as a reserve, waiting to be dumped to preserve the peg.
Ethereum's inflation has been increasing since the Dencun fork due to reduced fees and L2s taking a share of transactions. Reducing Ethereuem block rewards would reduce inflation or induce deflation for the nodes...that just hold Ether...to make more Ether...because it's...in their interest...to make the network be good...?...still, Ethereum inflation has been significantly lower since PoS.
Mt. Gox is in the news again. Remember when the trustee repeatedly market sold in 2018 and at first nobody believed he would actually do that?
ETH ETF is tomorrow, so being bearish here has a nice and short timeframe for invalidation. My 1 month bias is chop high 50k to mid 60k, with invalidation at 70001. Without invalidation, price should test support under 50k. I don't think expressing a bearish bias makes sense in ETH or SOL due to ETH having an ETF and SOL having a casino. With invalidation, meme coin holdings should cover any bullish scenario...
Further reading:
Spot bitcoin ETF net flow: www.theblock.co
Eth staking HK ETF: www.dlnews.com
USA interest rate cut: www.bloomberg.com
www.reuters.com
(this one's not a positive) www.axios.com
Donald Trump and cryptocurrency: www.bloomberg.com
Bitcoin miner centralization:
cointelegraph.com
www.tftc.io
decrypt.co
ocean.xyz
Ethereum supply: cointelegraph.com
China interest rate cuts: www.reuters.com
Mt. Gox: cointelegraph.com
cointelegraph.com
Other minor narratives:
Crypto Total Market Cap: Approaching Key Support - Will It Hold?#ETH/USDT #Analysis
Description
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+ The chart shows the total crypto market cap trading within a descending channel, suggesting a bearish trend in the broader market. The marketcap has recently dropped sharply, approaching the lower boundary of the channel, which aligns with a key horizontal support level around $2.09T.
+ The 21-Day EMA ($2.227T) and 55-Day EMA ($2.279T) are sloping downward, indicating bearish momentum. The marketcap is currently trading below these EMAs, reinforcing the overall bearish sentiment.
+ The critical support level at $2.09T is being tested. If this level holds, it could serve as a base for a potential bounce back towards the upper channel line and the EMAs. However, a break below this support could lead to further declines, potentially towards the psychological level of $2.00T or lower.
+ The RSI is currently in bearish territory, around 33, indicating that the market is oversold but could still move lower.
+ If the total market cap holds above the $2.09T support level and breaks back above the 21 EMA, we could see a short-term relief rally. Key resistance levels to watch are the 21 EMA ($2.227T) and the upper boundary of the descending channel.
Bullish Scenario:
If the total market cap holds above the $2.09T support level and breaks back above the 21 EMA, we could see a short-term relief rally. Key resistance levels to watch are the 21 EMA ($2.227T) and the upper boundary of the descending channel.
Bearish Scenario:
A break below the $2.09T support level could trigger further selling pressure, with the next key support levels around $2.00T and the lower boundary of the descending channel. This would confirm the continuation of the bearish trend.
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Enhance, Trade, Grow
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Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.
Best Regards,
VectorAlgo
IRIS/USDT READY FOR NEW HIGH TRENDThe latest data and study show IRIS has an interesting view as a new coin to make new highs soon.
We are going to follow this coin for new trends.
Crypto Altcoin Marketcap Altcoins have not been preforming well over the last few months.
They have been consolidating in a downward wedge. It is time for altcoins to takeoff to new all time highs.
If altcoins breakout of this wedge than we can see a big move to the upside over the next 8-12 months.
Crypto Market going into a Downtrend or Re-testing Resistance? What's up guys! We are experiencing a huge shake up in the Crypto Market atm. Specially with the BTC sell off, alts really took a hit! Some even regressed so much that all the gains startig this year were lost at this point.
The question is, do you have a plan of action? Well, I do!! Let me share two possible scenarios.
1) On the Weekly and Monthly timeframes we are at a resistance area where you are expected to take profits and sell accordingly to secure gains, unless you're a breakout trader, then that's another story. Having said this, on the Daily chart it is re-testing a support zone that could possibly turn into resistance, and if that happens, then we'll go short. Once it finishes the re-test and it's successful, we can aim to short at the next demand zone. If you go to weekly TF you'll see it even clearer. The zone is marked with the BUY icon over the green rectangle. Once you get to the zone, it's an awesome area to BUY!
2) Price could totally bounce from here and get back into the range. We'll need to wait for the breakout of the downward trendline along with volume. We can't aim too high here since we have a roof kind of close. I marked here with the Sell icon the zone that I believe is going to drive selling pressure or some kind of heavy reaction. So we can take profits there in the short term. Monitor closely these key levels, as they have extra added confluences from the past.
I hope you found this article helpful. Don't forget to boost and follow 👽
Tip of the Day: Manage your risks, set targets in advance, and read the news!
As always, keep it Shiny ⚛️
Kina, The Girly Trader
CryptoCap - BTC - Bitcoin Idea IIhey guys,
the yearly chart is bullish - main target was the recent ATH at 1.3T.
Quarterly Chart: After the break of the 1.3T Line theres a close below it
-> leaving a bit of doubt about imminent bullish progression or a potential double top forming here. The Inside bar is giving a warning of a possible reversal.
Monthly Chart: Although the demand Line is still intact there is a little divergence on the stochastic
-> there is weakness of 3 months not being able to penetrate highs - but going into a Consolidation.
-> BTC is testing a bullish trendline which, ones it has been broken by a close of the monthly candle, could provide a bearish setup and a possible double top scenario being in place.
I will wait for a break of the Consolidation to think about entering a trade.
Thanks for reading…
Future forecast with fractal pattern detectionTake this as a representation of entire market structure
On the first pannel, you can see 4 boxes
The bigger ones A+B (green continuous period) are a perfect representation of the smaller ones A+B (green dotted period)
They are fractaly similar
So, we will take the small pattern period to reveal what will happen with the bigger period
And that is what we see on the 2nd pannel: the blue line on the 2nd chart is the exact pattern of the small period, but plotted over its bigger counterpart
Hold tight, because it will be a great ride!
Cryptocap Crypto Total Market Cap - Idea IHey guys
2023 printed a bullish setup - retest of old high.
-> it also closed above the middle line of the bearish engulfing candle -> second bullish indicator.
-> grey zone and old highs of 2.1T - 3T will be monitored.
-> still somewhat bearish below 3.1
Quarterly: Neutral - Inside bar and retesting middle line of Q1
-> still in bullish territory because it closed above major support…
-> inside Bar will be monitored (range)
Monthly chart: Bearish close -> 3 Months weakness
-> Stochastic turned down - 2.4T and 2T will be the showdown area - grey Box which will act as support or resistance.
-> still in an uptrend indicated by the rising Trendline.
3D: Testing a bullish Trendline - Bullish Setup on this Frame
-> still in a declining trendline / Consolidation
Thanks for reading
Binance Coin - BNB Cryptocap / Idea I hey guys,
Yearly candle: inside bar - indication of possible upmove.
-> targets : 84 and 117 (previous ATHs)
-> levels are crucial for a resumed uptrend to be in place on the yearly chart.
Quarterly: Shooting Star below "showdown zone" - fib extension box from the yearly inside bars range BUT above 85. = Indecision - Balanced market.
-> Stochastic is bullish but reached OB zone.
Monthly: Confirming Quarterly… -Consolidation
-> shooting star with a long wick -> bulls be careful!
-> 80-85B becomes the crucial support area
-> stochastic has turned down
-> bearish setups all together
3D: Consolidation at Showdown spot
-> break will be necessary for a confirmation of Bias
-> Quarterly High and low, Monthly high and low will be visited / reaction will be monitored
Thanks for reading
$TOTAL is flerting with important Fibonacci Circle resistenceAfter a fake breakout from important Fibonacci Circle resistence and a fake breakout from the downward blue continuous line, CRYPTOCAP:TOTAL is trying to find now support over the daily 200 EMA (green line) that coincides exactaly over an important VWAP reset line
If prices continue to fall, a very important support will be over the market "Support Box"
Once the price breakout from the red Fib Circle, market will continue its move upward
PEPE - Are You Ready?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 PEPE has been overall bullish , trading within the rising channel in blue.
Currently, PEPE is undergoing a correction phase and it is currently approaching the lower bound of the channel.
Moreover, it is retesting massive demand zone and round number $0.00001 in orange.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the orange round number and lower blue trendline acting as a non-horizontal support.
📚 As per my trading style:
As #PEPE approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
What's next for altcoins ? TOTAL3 analysisAt present, the CRYPTOCAP:TOTAL3 , which excludes the Bitcoin and Ethereum Marketcap, is navigating through a critical phase. 'total3' has now come into contact with its short-term support level, a zone that has repeatedly demonstrated its strength and sturdiness, having successfully held up multiple times in the past.
This support zone is of paramount importance for the performance of alt-coins. In order for these alt-coins to see an uptick in their values, this support needs to prove its strength once again and hold firm. Moreover, the total market cap needs to experience a bounce back from its current position in the 600B zone. If these conditions are met, it could potentially lead to a significant price boost for the major alt-coins in the market.
However, there's always the possibility that this support fails to hold up. In such a scenario, the ensuing support is situated around the 500B mark, which is also a robust support level. Should the total market cap hit this support level, we can anticipate a bounce back. But it's crucial to note that if this support level is indeed tested, it could lead to a considerable number of alt-coins losing their value.
As of now, it remains to be seen which of these scenarios will play out. Personally, I am hoping for a rebound from the current support around the 600B mark, as it would bode well for the state of the market and the alt-coins in particular.
Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts.
Cheers,
GreenCrypto
World's Top Companies: Who’s in the Exclusive $1T Club & Beyond?But wait, it gets even more exclusive than a mere $1 trillion! There’s a $2 trillion club with just a single player and a super-duper hyper-elite ultra club of $3 trillion. Can you name the participants?
Being part of the world’s biggest companies isn’t easy. It may look easy — these corporate giants gain billions of dollars in market cap before you make your morning cup of coffee (especially if you’re drowsy after a late-night options trading action).
In this Idea, we look at the dynamic docket of the world's most expensive companies, neatly stacked up in the TradingView Top companies list .
The world has never seen so much money concentrated in a few select companies. Fun fact: all of them had humble beginnings like starting out of a garage and trying to get clients through cold calling — but ended up changing the world with things like the iPhone.
Today, a total of seven companies are worth $1 trillion or more each and three of them boast a valuation of over $3 trillion each. Can you guess the common theme across all? It starts with “A” and ends with “I”.
Artificial intelligence (AI) has been popping these stocks to record highs for months now. And there’s no sign of slowing down the insane growth. All of these companies, except for one that’s not based in the US, are listed in the broad-based S&P 500 index and make up about 30% of its total weight. Can you spot them in the S&P 500 Stock Heatmap ?
Note that all numbers and rankings are measured by the companies' performances through mid-June of this year.
Let’s roll!
1. 🧩 Microsoft (ticker: MSFT )
Microsoft is the world’s most valuable company worth a staggering $3.289 trillion. The software maker quickly swooped in to lead the AI race by backing ChatGPT parent OpenAI . It has invested $13 billion in the startup.
Microsoft’s growth is largely driven by the adoption of AI across its product suite. Artificial intelligence-powered assistants such as Microsoft Copilot can operate without human intervention or direct commands, making companies’ lives easier and more productive.
💰 Market Cap : $3.289 trillion
🐮 Revenue : $211.91 billion (2023)
👶 How It Started : Microsoft's first major deal was with IBM in 1980. They developed the operating system for IBM's new computer, which they named PC DOS. The deal was worth $50,000.
2. 🧩 Apple (ticker: AAPL )
Apple has entered the chat. The iPhone maker just recently figured out how to play catch up in the AI race after doing virtually nothing for a year. Apple Intelligence — the company’s response to AI — got investors excited about the future growth prospects of iPhone sales and overall revenue generation.
The AI announcement, made during Apple’s annual developer conference, helped lift its shares by 10% and propelled the company to the number one spot, dethroning Microsoft. Briefly, though .
💰 Market Cap : $3.258 trillion
🐮 Revenue : $383.29 billion (2023)
👶 How It Started : Apple traces its humble origins to Steve Jobs’s garage where he and another founder — Steve Wozniak, would test the products before selling them over the phone. A third founder — Ronald Wayne — was in the company for just 12 days and sold his 10% stake for $800. That stake today is worth more than $325 billion.
3. 🧩 Nvidia (ticker: NVDA )
Nvidia is the highflyer technology company responsible for building out the infrastructure layer of the artificial intelligence revolution. Its coveted AI chips are the hottest commodity for all other technology giants and that’s where Nvidia’s power comes from.
Earlier this month, Nvidia’s market value crossed $3 trillion for the first time, overtaking Apple and becoming the third company to ever breathe the rarefied air of so much money. First place coming soon?
💰 Market Cap : $3.244 trillion
🐮 Revenue : $60.92 billion (2023)
👶 How It Started : Jensen Huang, who never interviews wearing anything other than a black jacket, was cleaning tables and washing dishes at his local Denny’s diner. And that’s where he sat with his two friends — hardware savant Chris Malachowsky and software geek Curtis Priem — when he founded his chip making business Nvidia.
4. 🧩 Alphabet (ticker: GOOGL )
Alphabet, parent of search dominator Google, is taking on Microsoft in the rushed race to market an AI assistant. The company’s first generation AI bot, Bard, suffered a major blow at launch (it returned false information). Subsequent attempts failed to present any threat to ChatGPT so Alphabet rebranded it to Gemini.
💰 Market Cap : $2.194 trillion
🐮 Revenue : $307.39 billion (2023)
👶 How It Started : The founders, Larry Page and Sergey Brin, initially worked on their search engine project from their dorm rooms at Stanford University. They later moved to a garage in Menlo Park, California, which was owned by Susan Wojcicki, former CEO of YouTube. Google purchased YouTube for $1.65 billion in 2005. Today, YouTube generates that amount in two weeks.
5. 🧩 Amazon (ticker: AMZN )
Amazon, the ecommerce and cloud computing heavyweight, is riding the AI wave thanks to its cloud computing division Amazon Web Services (AWS). It’s the company’s cash cow, revenue generator, profit driver, or however you want to call it.
For the most recent quarter, AWS hit $100 billion in annual revenue run rate — a financial metric that estimates future growth based on current performance. Or the opposite of "Past performance is no guarantee of future results."
💰 Market Cap : $1.911 trillion
🐮 Revenue : $574.78 billion
👶 How It Started : Amazon was founded by Jeff Bezos in 1994 after he left his analyst job at the hedge fund D. E. Shaw & Co, inspired by the rapid growth of the internet. He took the risk of selling things online and picked books due to their wide selection and ease of distribution. And the rest is history.
6. 🧩 Saudi Arabian Oil (ticker: 2222 )
An outlier in the rankings saturated by tech giants, Saudi Arabian Oil is the world’s largest oil producer. Also known as Saudi Aramco, it’s the single most important revenue source for the Saudi government (makes up 92% of its budget to be exact). In 2022, when energy prices boomed following the Covid lockdown, Aramco pocketed record profits of $161 billion.
💰 Market Cap : $1.783 trillion
🐮 Revenue : $440.80 billion (2023)
👶 How It Started : Saudi Aramco was established in the 1930s when Standard Oil of California discovered oil in Saudi Arabia and formed the California-Arabian Standard Oil Company. By the 1980s, the Saudi government had fully nationalized the company, renaming it Saudi Aramco.
7. 🧩 Meta Platforms (ticker: META )
Last on our list of $1 trillion companies and beyond is Meta Platforms, previously known as Facebook. The brainchild of Harvard dropout Mark Zuckerberg had a rough 2022 with more than 70% wiped out of its value and knocking it out of the $1 trillion club.
The following year, 2023, was a lot more generous to the social media behemoth as it gained nearly 200% and jumped right back into a 13-digit valuation. The company was up another 45% for the first half of 2024.
💰 Market Cap : $1.279 trillion
🐮 Revenue : $134.90 billion (2023)
👶 How It Started : Facebook was initially called "Thefacebook" and was limited to Harvard students when it first launched on February 4, 2004. The company’s first office was Mark Zuckerberg’s dorm room.
📣 Let’s Hear from You!
What’s your favorite pick of the world’s top seven companies ranked by market capitalization? Let us know in the comments!
PEPE - Targeting $0.00002 🌖Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
🏹 As per my last analysis, shown on the attached chart, KUCOIN:PEPEUSDT rejected the red zone and traded higher in a parabolic manner.
What's next? How high can PEPE climb?
📈 #PEPE is currently in an impulse/markup phase, and as long as the bulls hold, I anticipate a continuation towards the $0.00002 round number. 🎯
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
PEPE - Are You Ready?📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 PEPE has been overall bullish , trading within the rising broadening wedge pattern in green.
Currently, PEPE is undergoing a correction phase and it is currently approaching the lower bound of the wedge.
Moreover, it is retesting massive demand zone marked in red.
🏹 Thus, the highlighted blue circle is a strong area to look for trend-following buy setups as it is the intersection of the red demand zone and lower green trendline acting as a non-horizontal support.
📚 As per my trading style:
As #PEPE approaches the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich