TOTAL (Cryptocurrencies Total Market Capitalization) Analysis
Fundamental Analysis:
The TOTAL or Crypto Total Market Cap is an integrated Complete Cryptocurrencies Market capitalization of all the Crypto coins and tokens and it is demonstrated against USD to show the total market capitalization of the entire crypto environment and it can be used for many speculation and hedging purposes in finance and other related sectors.
it can simply interpreted as how much of fiat currencies has been spent or converted to the Crypto assets or how much is the total value of the entire crypto environment is worth presently in Dollars.
by looking at this index and comparing it with the entire worlds market capitalizations we can understand how much more fiat currencies are there in the world to gets converted to the Crypto or the other way of looking at it is how much more time it takes to Concore the fiat world by crypto and decentralized open markets.
TOTAL Chart includes all the Coins and Tokens i.e BTC,ETH...
Technical Analysis:
we can see that, the chart is currently at the Reaccumulation zone of Fibonacci Golden zone and it has formed Bullish Divergence with MACD Lines and Histogram, which is the sign of Bearish or Retracement wave end and Trend Change to the Next Bullish Cycle and start of the next Impulsive wave.
we have specified the Fibonacci retracement levels which can be used as the significant Pivot Points and Support areas where it can be the best Price or undervalued price to Purchase and Invest on.
there total of 3 Targets defined by Fibonacci Projection of the initial impulsive wave followed by its retracement after the Top Distribution.
the 3 Target gets confirmed as the price triggers the 2 TP followed by some retracement and price correction.
The TOTAL or Crypto Total Market Cap is an integrated Complete Cryptocurrencies Market capitalization of all the Crypto coins and tokens and it is demonstrated against USD to show the total market capitalization of the entire crypto environment and it can be used for many speculation and hedging purposes in finance and other related sectors.
it can simply interpreted as how much of fiat currencies has been spent or converted to the Crypto assets or how much is the total value of the entire crypto environment is worth presently in Dollars.
by looking at this index and comparing it with the entire worlds market capitalizations we can understand how much more fiat currencies are there in the world to gets converted to the Crypto or the other way of looking at it is how much more time it takes to Concore the fiat world by crypto and decentralized open markets.
TOTAL Chart includes all the Coins and Tokens i.e BTC,ETH...
Technical Analysis:
we can see that, the chart is currently at the Reaccumulation zone of Fibonacci Golden zone and it has formed Bullish Divergence with MACD Lines and Histogram, which is the sign of Bearish or Retracement wave end and Trend Change to the Next Bullish Cycle and start of the next Impulsive wave.
we have specified the Fibonacci retracement levels which can be used as the significant Pivot Points and Support areas where it can be the best Price or undervalued price to Purchase and Invest on.
there total of 3 Targets defined by Fibonacci Projection of the initial impulsive wave followed by its retracement after the Top Distribution.
the 3 Target gets confirmed as the price triggers the 2 TP followed by some retracement and price correction.
Comment:
it is Reaccumulating
Trade active
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