Cryptocap
What's up about crypto market cap. TOTAL CRYPROCAPHello my friends. Everything is clear on the chart for you like always, I expect the bars to fill the second box and then come down again.
Good luck.
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#BTC/USDT 4HR CHART UPDATE !!Hello, community members welcome to another BTC/USDT chart update.
If you find this update helpful, shoot the like button follow and share your views in the comment section.
As we can see in the chart mentioned above that BTC is still trading inside a falling expanding channel in a sideways mode.
BTC currently consolidating between the price range of $18.8k - $21.7k.
Here BTC needs a clear break above the price level of $22k to towards upper price levels.
Until then we can scalp in USDT pair altcoins because as we know when BTC moves sideways USDT pair coins perform well.
IMO, BTC will move upside towards the price level of $22k again one or two more times in this sideways market.
NOTE: This is not financial advice. This is for education purposes only. I am not responsible for the profits or losses you generate from your investments.
DO YOUR RESEARCH BEFORE MAKING ANY TRADES.
Thank you.
Tether Dominance - Bearish Divergence Current Market Cap - 6.3 Billion
Tether dominance has risen over %284 ever since the market peaked back in November last year.
However, it is starting to show weakness after it made a higher high while RSI made a lower low.
The last time RSI printed a divergence, it signalled the market bottom and money started flowing back into cryptocurrency
We could potentially see a similar move.
The orange line below, represents the total crypto market cap.
What is Tether Dominance?
Tether (USDT) Dominance shows how much percent of the money is on USDT. There is 2 cause of the increase of USDT dominance.
The first is that investors put cash on the market from the outside, which is due to the unfavourable weather in the market.
And the second is again, as the market falls, investors withdraw their funds from cryptocurrency investments and put them to USDT.
In both of them, a decrease in cryptocurrencies and an increase in USDT holders are observed.
Speculative Setup, DYOR. Allow 3-18 Months For all Crypto Ideas.
Credit to @without_worries for allowing use of indicators.
Total Market Cap: At A Crossroads As we head into next week, markets have been heavily bracing for the FEDs Rate Hike on May 3rd or 4th . War is escalating in Ukraine, World Food Supplies are in disarray, Inflation is still at historical levels, Energy is soaring, and Supply Chains continue to struggle.
There are so many Macro challenges building up that simply put, they can't be ignored; No matter how irrational the market wants to be.
I truly feel greed has taken over and most investing has become gambling (Warren Buffet recently said this). Especially in the Crypto space.
Who buys because they believe in the Utility of the coin and who buys simply to flip it for profit?
Its become a side hustle ever since the First Top in May 2021. Euphoria hit all markets from the 2020 BOOM and everything exploded. When ALL things go UP, this is rather unusual.
Usually, especially historically, these characteristics would align with this mystical "Blow off the top" but you know it's never enough.
We even have seen a second round of a bullish wave in July 2021, shortly after the original drop in May.
But again, it simply was not enough.
With every pump and dump, everyone wants more and more.
Profits, profits, profits. Leverage, leverage, leverage.
Even in the face of the absolute worst Economic/World conditions we have seen in MOST of our lifetime!
Investing has turned into legitimate degenerate gambling between Stock Options and ALT Coins , and the market will correct as far as it needs to in order to cleanse this mentality.
Back in 2020 when the MEME stocks first took off and retail flooded the market like never before in history, that was the first signal of a Cyclical Top coming in. If everyone is already flooded in, where does this extra money come from? These Cycles take a very long time to play out and to this day no one wants to even consider it.
There are two paths forward for this next week:
Scenario #1: Markets absorb this 0.50% or 0.75% Rate Hike and bounces
Scenario #2: Markets can't sustain the hike and loses all major supports.
Both Stocks and Crypto are laying on critical support; I am leaning 60 / 40 odds in favor of Scenario #2.
Let me know what you guys think!
#BTCDOMINANCE #CRYPTOMARKETCAPCurrently Bitcoin's dominance is close to the bottom. Look at the history and compare it with the present. It will help you to better plan the sitaution.
My View is;
1. Bitcoin may show a strong upside movement with the #BTC Dominance above 50% atleast. Altcoins will either dump or move sideways. so the obvious asset to be held in such situation is #BTC.
2. When the Bitcoin's dominance goes above 50%, most probably between 60-70%, it will be a good idea to think about a new alt season and optimize a trading portfolio accordingly.
Altseason is coming!Hello, everyone!
If this Bitcoin analysis plays out we are about to see new local altseason. Altcoins is going to outperform Bitcoin. We can see that the Broadening Falling Wedge has been formed by the TOTAL3 – capitalization of cryptomarket excluding BTC and ETH. Now this wedge have been broken to the upside. Also we can see the retest of it’s upper band. I expect the target zone according to left picture, which corresponds to $1.10T. In this case the strong fundamental altcoins can grow significantly.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
Total Crypto Cap Bull Above 200D EMA Im not paying attention to the BTC death cross like everyone else. I am watching the total crypto cap and the 200D EMA (blue line) Break below on volume and I am far more bearish on crypto and BTC.
I have my spot holdings hedged with shorts. Capital preservation.






















