Crypto Total MarketCap Chart Analysis:-
Total crypto market cap still above $2T
What we can expect in near future..?
IMO we can hit $3T MarketCap by EOY or first Quarter '22. And that will be the perfect time to book profit in altcoins and Cryptocurrencies.
Once after Reaching $3T USD we can see big Movement toward $360 Billion USD, Due to profit booking and...
This chart suggests we are consolidating before phasing into phase 2 which is intensely more bullish than the recent bull market we have seen
This is under the assumption that price action repeats as it did in cycle 1, which evidence for this can be seen in the green circle and the current place we are in the yellow box
Using my other charts I estimate the current...
We could've expected the short term drop in prices according to where we are. Holding tight and waiting for December. Let's print the right shoulder to this massive inverse H&S. Quick breather - September is normally a down month, anyways...
The chart is similar to the Bitcoin chart. And it seems that half of the uptrend is left and we are about 400 days away from the end of the uptrend. And the recent correction was due to the collision with the midline. The Fibonacci timeline also marks the end of the climb and the uptrend.
If you see my bitcoin analysis as well.
I think we have to wait for the...
Just a mental roadmap of recent !important! events in crypto (/general market) fibbed out into cycles on top of tether's marketcap.
It seems we are due a decent "cool down" period soon, as this also starts to align with other macro indicators I'm starting to get even more convinced (VIX, DXY, 10y bond yield).
Feel free to share your thoughts with me, I'm open to...
This could go either way but look how it gets squeezed and compressed between the 200MAs (red / green) on the daily chart.
And they get narrower and narrower as the pressure is building up.
Lets see where this goes.
Crypto Market with BTC still has a little road to go until last ATH (red line), but TOTAL ALTS capitalization(without BTC) is touching his last ATH, so its at crucial point right now.
Be careful, tomorrow BTC has a fundamental with El Salvador making it legal money, this can lead to a new 2021 Bull Run or could be the start of a correction, as BTC is touching...
The potential different and the readjustment connecting between the current resistant and breakout are reasonable.
XRP/USDT is also targeting another phase of all time high.
- Triggered long on the weekly and daily time frames.
- Managing TP at this point is considered.
- The general purpose of including TP1 and SL1 is bravely supported.
When looking at the Daily TF, we can see BTC/USD has been on a strong bullish trend over the past few weeks. The trend line shown has acted as accurate support throughout this climb. I believe bitcoin is on its way back to test the previous highs but it will take a few more weeks to do so. Along the way, there will be corrections and I'm assuming...
Market Cap Forming Elliott wave On daily Time-frame
we have many scenarios for the ABC wave, i think the blue one is the nearest one cos 1.8T resistance is very Strong.
any way we need more conformation, so we will wait