Totalcap
Moving Average Analysis - MCAPFrom these charts we can draw the conclusion that the chart 'OTHERS' is developing the separated three moving averages that can be seen on TOTAL.
A moving average pattern like this can last from months to years.
We can also draw the conclusion that Bitcoin is not completely connected to alt-coins and there is a disconnect between the two. Also we may see OTHERS excel above TOTAL, as it is clear that the chart is at a younger stage of development relative to the moving average structure.
Interested to see how this plays out. Remember, Diamond hands!!
TOTAL MARKETCAP on Important Support!
This is the TOTAL MARKETCAP CHART : Candle closes in the next 1 hour 7 minutes and is currently on the support.
If it holds the 50D MA on this 2 hour chart It's highly likely that the whole market will bounce back.
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#TOTAL #TOTALMARKETCAP #CRYPTO #weeklyHi guys..its the latest analyze chart of TOTAL(total market cap)in weekly timeframe.if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
Total Market Caps Still in UptrendThere has been a period of consolidation over the last few weeks with no major moves yet. Alts have started moving up, but still seeing a lot of bearish opinions and uncertainty.
The top panel you will observe the Total MC for cryptos. It's currently in a symmetrical triangle.
The bottom panel is all Altcoins, which is in an ascending triangle.
I'm expecting a break one way or the other in about 36-48 hours from now. The probable direction is up for many reasons.
1. We are still in an uptrend.
2. Bitcoin is still above $30K and the Alts are consolidating after decent moves up.
3. Institutional interest is still there; evidenced by Marathon's big buy.
4. The dollar is currently still weak and can't get above the 50D EMA.
5. Lots of bearish thinking.
I think we go up to the targets with the green dotted lines, followed by a decent correction back down to test present levels, followed by the Altseason everyone's been waiting for. This move will likely take the market cap for Alts to $720-$750B
It goes without saying that a breakdown from these levels will likely end our present uptrend, but that possibility is minimal imo.
Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
VERGE / TOTAL2 Comparison, upward likelyTOTAL2 compared with verge
each had initial cup formation
Verge took a more bullflag approach to the comparison
TOTAL2 looks more like its concealing a lot of beartraps
TOTAL2 Bullflag - ContinuationTOTAL2 has transition to 2.618 within the strongest Fibonacci circle trend.
This will likely lead to the bulls continuing their run.
Its a strange pattern but I believe it can be interpreted as a bullflag once the area within the triangle (flag) completes.
In the attached chart I see a large bull impulse move coming within this newly discovered 2.618 territory (on the MACD). Many will be shaken out at this level however.
BTC - Trend reversal? - Maybe the end of this parabolic move Hello guys,
I wanted to share my idea about the future of the crypto market.
We have had huge volume in the past few weeks. This climax is not seen on the Bitcoin charts. Maybe bc of the shared volume in all different exchanges.
There is a wisdom in trading: Volume never lies!
This not means it is over at all, but for this trend, we have a reversal.
It is time to take profit and enjoy life.
Have a good time.
Some facts about climax (source investopedia):
-A climax occurs at the end of a bull or bear market cycle and is characterized by escalated trading volume and sharp price movements.
-Climaxes are usually preceded by extreme sentiment readings, either excessive euphoria at market peaks, or excessive pessimism at market bottoms.
-Essentially, climaxes are a result of supply and demand factors.