Total
TOTAL Market Cap - Critical Support!Hello TradingView Family, this is Richard.
I usually keep an eye on TOTAL to get a feeling about the overall crypto market bias. Just like I keep an eye on DXY when it comes to Forex.
As per my last TOTAL analysis, we are still bearish trading inside the red channel/wedge.
The reason for this update is to highlight that the Head & Shoulders Textbook target/projection is filled. As marked in purple.
Moreover, TOTAL is diving inside a horizontal support (in green) and approaching a non-horizontal support/trendline (in brown)
But of course, that doesn't mean that the bulls are in control. Not yet!
For the bulls to take over , we still need a break above the last high and the upper red trendline.
Meanwhile, until the bulls take over, TOTAL would be overall bearish and can still trade lower and lower.
All Strategies Are Good; If Managed Properly!
~Rich
TOTAL another dip in the marketTotal market cap broke down from an ascending triangle like it did in June 2021 with a failed retest. The measured move is the fib extension of the wave that broke out.
Personally I feel this time the market will not rebound after the dip and BTC will head to 30k again. We shall see.
Hidden Bull Flag Formation!Hey traders!
As you can see on the Daily Candles of the Total Cryptocurrency Marketcap chart, we began with a Bull Flag pattern that started during summer, I believe this is somewhat of a fractal we are experiencing now. What happened during this downtrend is that we got two touches to the upper resistance line and two touches to the lower support line. During this period we also had a fakeout which also happened in the current one (Labeled "Fakeout"). Now that being said, it seems as if the break out of the downtrend will occur during late January or very early February. However, what is key is that we don't break the support line as shown. Based on all this, early February is something you want to watch very closely.
Safe trading,
-Pulkanator
what the hell is going on crypto market ❗❓ #TOTAL analysis📉📈Hello crypto community welcome to my new analysis
what's up guys I know this Recent declines has impressed and upset almost everyone todays
But we should adapt to this new circumstance ,So let's go a little deeper
The TOTAL has shrunk by more than 35% to $ 2trillion since it hit its ATH about $3T , and the entire crypto market recently turned red and bloody accordingly
Probably a lot of people in the $3 trillion of marketcap were super greedy, and that's where the whales started selling, and the market is still scared to this day. Of course, this extreme fear is a good sign for a green return of market.
Anyway what I see right now is a horrible head and shoulders and at the same time the volume is decreasing gradually (although I do not want to scare you guys) , but it can technically lower the price of TOTAL, even to about $1.5T to its lower support levels
However, what keeps the price right now is EMA 50, which if not supported, it cause to another fall once again to the next support EMA100,
Otherwise, we need a quick rejection right now ,if it is supported again on EMA50 by an increase in volume, in this case by break out of the downward trend line(white line), it can grow up to 2.5 trillion resistance levels again .
As you probably know in order to have any bullrun , something that drives the price is significant volume and injection of liquidity to the market, which we have not recently seen anything special yet so without that we shouldn't be hopeful for a new ATH to specified targets.
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👉This analysis is my personal opinion ,not a financial advice ,so do your own research.
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TOTAL2 4HOUR UPDATEWelcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As we can see in the chart that TOAL 2 is trending around this blue channel and from the same downer support line now we are expecting a bounce from the support level
let's see how the daily candle closes.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
Total market cap continue to fallAs I expected in the last chat of BTC that I shared, the price fell below 50k. Now, I think total market cap would be more useful to look. I reckon that money will continue to go out of the market and at the first stage the red line shown in the RSI would be touched.
Press like 👍and follow if you enjoy ❤️
TOTAL3 -Going down FORECAST NEXT WEEKLY TREND CHARTTOTAL3 -Going down FORECAST NEXT WEEKLY TREND CHART
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Cryptocurrency Market forecast for the next 8 weeks!In the past 8 weeks, the Cryptocurrency market has lost 1.1 trillion dollars of its value!
1.1 trillion dollars is bigger than the GDP of most countries in the world except the first 15th.
This number is 44 times bigger than El Salvador's GDP in 2021.
I think it is highly likely that we see another 500-800 billion dollars washout in the next 8 weeks!
However, we may see a few good days in the next week! The bigger picture is not bullish in the next 8 weeks!
According to the numbers, there is more than 8000 Crypto project out there..!
I believe in the next 5-10 years 99.97% of these projects will be eliminated and in the best scenario, 25 projects will survive this frenzy..!
Best,
Moshkelgosha
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