Hello Traders, Here's a SPX Monthly chart, and as you can see.. we are still in a bull run for a decade now, but currently approaching the $3000 region which appears to be a major resistance area.. Looking at the Crypto market which is currently at its bottom after a HUGE correction which took place in December 2017, and S&P500 on the other hand being in a bull...
Hello everyone today I look at crypto total market cap. What we can see, after fly from 140 to 157, they did not immediately go down but continued to grow; next psychological 200 billion.
I believe we are in a bigger correction and bear market is not over yet so I posted this idea based on correction waves, as you can see if my counting is right we will follow a bigger drop from what we had now and should last one more year. If I`m wrong and this was only ABC correction and not 5 waves then we should see breaking parallel channel and bull market...
Exciting to see the price action on the weekly chart break upward from the ascending triangle it had been consolidating in. We can see it has now been 9 Weeks since we first broke up from the green falling wedge pattern and since that time price action has been mostly bullish inching closer week after week to the green falling wedge's breakout target. We still...
Waiting for decrease total crypto market cap. And moving inside triangle pattern.
I have never traded BTC total market cap so I am not sure how much relevance it is to chart it. However, if you look at the large black box, the total market cap broke down below the descending triangle into this range, signaling an incoming drop. Now the total market cap seems to have drifted outside of the range. Could this be a similar hint for large movement...
On the weekly total crypto marketcap chart we are currently either still in a symmetrical triangle that could also be a bear pennant, or currently up out of both a daily falling wedge (in yellow), as well as the much bigger weekly falling wedge (in green). Bullish and bearish price target projections are posted accordingly and are color coordinated with their...
We can now see on the Total Marketcap's weekly chart we have managed to inch our way above the weekly 20ma's strong support. We need to of course close 2 consecutive weekly candles above this MA in order to confirm we have flipped it from strong resistance to support however and we can see the weekly stoch rsi is currently overextended and could potentially see a...
Hello everyone! This chart is the total cryptocurrency market cap excluding Bitcoin, therefore it is the market cap of Altcoins. It is looking extremely bullish after managing to close above the bearish pennant structure, breaking a higher time frame downtrend and testing it as support before moving higher. So long as Bitcoin remains stable, we can expect...
There's an intersection of the downward channel of the log chart of total crypto market cap (colored RED), and the long term up trendline (colored GREEN) , should be before 24th March Before then I expect a violent move. It's very hard to give preference to one or the other at this point. All we can say for certain is that it will be a big move. I'd say a...
It looks like we may be experiencing a technical breakout of the downtrend on the total crypto market cap and possible reversal of the great "Crypto Winter"/Bear Trend of 2018. The downtrend in blue has just been breached and we see a very rapid and sharp increase in volume over these past few months. This could be read as a potential capitulation/accumulation...
CRYPTOCAP:TOTAL2 The ascending #triangle is a #bullish formation that usually forms during an #uptrend as a continuation #pattern. There are instances when ascending triangles form as reversal patterns at the end of a downtrend, but they are typically continuation patterns.
Decision day is coming up for crypto total marketcap. I am predicting a break to the upside then a retest of the trendline before a full blown bull market ensues. Looking for a rally into mid to late April then a decline to mid May-June followed by a breakout sometime in Aug-Oct. Resistance to the upside: 148, 245, and 415. Support found at 110-100. I don't...
Not financial advice. No targets, just advice that winter is coming.
I don't have much to add except I would love to hear your comments! A like and a share is also appreciated :)
CRYPTOCAP:TOTAL CRYPTOCAP:TOTAL As I mentioned in another review two weeks ago (You can see it in related ideas below that post) the Total Market CAP chart is where we can see the most reliable signals of a reversal. The market moves in cycles and for a reversal to be considered valid it is necessary that we look at the greatest amount of assets possible in...