Complete elliot wave analysis of TOTALHello friends This is one the most accurate and complete elliot wave count of TOTAL index i've ever done Good luckLongby zamanidotreza1
Is crypto ready to explode? Reversal pattern printing!From investopedia.com: A Dragonfly Doji is a type of candlestick pattern that can signal a potential price reversal, either to the downside or upside, depending on past price action. It forms when the asset's high, open, and close prices are the same. The long lower shadow suggests that there was aggressive selling during the period of the candle, but since the price closed near the open, it shows that buyers were able to absorb the selling and push the price back up. The pattern is more significant if it occurs after a price decline, signaling a potential price rise. If it appears after a price advance, it indicates more selling is entering the market and a price decline could follow. The pattern needs to be confirmed by the candle following the Dragonfly Doji. www.investopedia.com Looks like this is exactly what is unfolding in the crypto Total Marketcap monthly chart. If we print a Dragonfly Doji we can potentially see a reversal in the trendline. As you can see in the image below the Dragonfly Doji is printing: So, what do we need to confirm the trend reversal? First of all, we need a green candle at the end of this month and for this to happen the TOTAL MCAP needs to close around or above $1.034T. Right now it's at $1.042T. If we have a Dragonfly Doji at the end of this month we can expect a trend reversal and a strong movement to the upside led by Ethereum then Bitcoin and other altcoins. I am definitely bullish on #Bitcoin and #Ethereum. What about you? Confirming the reversal I will add both to my longterm portfolio. DYOR. This is not financial advice.Longby guigamuckUpdated 4
MARKETS week ahead: November 6 – 12Last week in the news The Fed has temporarily stopped further increase of interest rates, as per Fed Chair Powell, but the market perceives that interest rates have topped. The US equities started November with a positive sentiment, as well as US Treasury bonds. Gold was testing $2K resistance during the whole week, amid geopolitical tensions. The crypto market is still under ETF hype mode, gaining during the week, but Bitcoin is still holding modestly below $35K resistance. The major event during the previous week was the FOMC meeting, and rate decision as of November 1st. The Fed decided to hold interest rates unchanged, but at after-the-meeting testimony Fed Chair Powell noted that potential further rate increases are not excluded by FOMC members, as such decisions will depend on further developments in the US economy with respect to inflation and employment. Friday’s trading session was positively supported by the US unemployment figures. Non-farm payrolls were increased by 150K in October, lower from market expectations of 170K, while the unemployment rate rose to the level of 3.9% from 3.8% posted for the previous month. Wages were increased by 0.2% in October for the month, to 4.1% on a yearly basis. These figures represent one of the gauges for the Fed as a potential inflation indicator, in which sense, market expectations are that the inflation might further ease till the end of this year. News that occupied the attention of the public during the previous week was the finalization of the trial of FTX founder Sam Bankman-Fried. The jury found him guilty of all seven counts, by which, he is currently facing a potential sentence of 115 years in prison. October ended, but the US Securities and Exchange Commission did not issue any approval or disapproval of several filings for the first spot BTC ETF. The SEC`s Chair Gary Gensler commented on Thursday that the SEC has 8 to 10 filings for considerations, without any further comment on the topic. It seems that the SEC still needs more time in order to make the final decision. Until then, analysts are speculating over the potential funds to inflow into the crypto market after the approval of the first ETF. Current estimates are ranging from $ 14B up to $55B within the next three years. As Coindesk is reporting, the SEC requested additional documentation for PayPal`s stablecoin PYUSD. As seen by the reporters, this represents the latest regulatory action amid businesses that include crypto assets. As noted, it does not necessarily mean that potential lawsuits might be in store for PayPal, considering SEC`s perception that majority of altcoins and stablecoins are securities and should be officially registered with the SEC. Crypto market cap October is over, but there has not been any news related to the first spot BTC ETF. The SEC remained silent, neither approving, neither disapproving several ETF fillings. The only news reported by Reuters is that SEC Chair Gensler shortly commented that the Commission is currently reviewing 8-10 ETF filings. When the final decision will be brought up is unknown at this moment. Regardless of a new postponement of the decision, the market remains optimistic about the crypto market and its further inclusion into mainstream markets. During the previous week total crypto capitalization was increased by additional $35B or 2.8% on a weekly basis. Although Bitcoin continues to dominate the crypto market cap, still, this week other altcoins contributed to the total increase of the market value. The last time the crypto market held this level of capitalization was during May last year. Daily trading volumes continue to hold at increased levels of $60B on a daily basis, without change on a weekly basis. Total crypto market capitalization increase since the beginning of this year currently stands at 68%, where it has added total $512B to the market cap. Although Bitcoin is for one more week leader on the market when it comes to the total market cap increase, still, during the previous week there has been significant inflow of funds into major altcoins on the market. BTC increased its total capitalization by $11.8B on a weekly basis, which is an increase of 1.78%. ETH also had a solid performance with a surge of $5.3B in total market cap or 2.48% w/w. During the previous week Solana had an excellent performance, with an increase in its market cap by almost $ 4B, which represents a surge of 29.3% for this coin. XRP had another good week, by managing to increase its cap by additional $3.5B or 11.9% on a weekly basis. When it comes to excellent weekly performance, it should be mentioned ADA, which added more than $ 1B to its cap, which is an increase of 10.3%, and was followed by BNB, which added $1.2B and an increase in cap by 3.5%. Altcoins with good performance in a relative terms were NEO, with surge in cap of 15.3% w/w, Theta was up by more than 12%, same as OMG Network, Uniswap has increased its value by 13.7%, while Polkadot was up by more than 10%. It should be mentioned that only a few coins finished the week in red, like Bitcoin Cash, which was down by 3.55% w/w, Maker lost more than 9% of its value, while DOGE lost 0.7% in value. During the previous week there has been modestly increased activity related to coins in circulation. Miota increased its circulating coins by 0.6%, followed by Filecoin, with an increase of 0.5%. Stellar`s coins were up by 0.3%, while Solana`s coins were higher by 0.2%. Tether should be mentioned, as the coin increased its value and circulating coins by 1.0% on a weekly basis. On the opposite side, few altcoins decreased the number of its circulating coins, where Polkadot`s total coins decreased by 1.1%, Polygon's drop in circulating coins was 0.7%. Crypto futures market Positive market sentiment is still holding with crypto investors, both on spot and futures markets. BTC futures for all maturities were traded higher by more than 2% on a weekly basis. Short term maturities were up 2.75%, with December 2023 ending the week at price of $35.305 on CBOE. Longer term maturities are still holding above the $38K price range, which is very positive for BTC, as investors are pretty confident at this moment regarding the potential for future price increase of the BTC from current levels. Futures maturing in December 2024 ended the week at level of $38.225 or 2.65% higher from the end of the previous week. At the same time, futures maturing in March 2025 ended the week at price $38.925, which supports the sentiment of further rise in the value of BTC. ETH short term futures were traded more than 2% higher on a weekly basis. December 2024 is ending the week at a price $1.859, which is 2.64% higher from the end of the previous week. Same as with BTC, investors are also expecting further increase in value of the ETH, with December 2024 futures ending the week at price of $1.937 or 0.99% higher, while those maturing in March 2025 ended the week at $1.964. Still, what is interesting to note for the price of ETH is that it is still not able to cross the $2K psychological level.by XBTFX9
TOTAL CRYPTO MARKET CAP BULLISHYup Its bullish as tattas. going to be watcching the show press play in 6 months from now and see what we see.Longby TAEDUUpdated 2
Crypto Market Cap - BULL MARKET ABOUT TO START!The resistance at $1.3T won't hold for long now. Once broken, this market will pump hard until around $1.6T. This level also coincides with BTC resistance at 36k. This would mean BTC will reach 40k or more. Unless sellers return here soon, bias remains bullish. Price action is bullish and so is the momentum. Get ready! Like and follow for more TA!Longby DU093
120 Days prior to halvingAs we stand just 120 days away from the upcoming Bitcoin (BTC) halving event, the cryptocurrency community is witnessing a significant and meaningful run-up in anticipation. This halving, is a pivotal moment in the Bitcoin network's history, as it reduces the block reward by half. A deflationary event. The previous halvings in 2012 and 2016 were catalysts for substantial price increases and marked the beginning of new bullish cycles. As we approach this impending halving, Bitcoin's value has been steadily climbing, attracting both investors and enthusiasts eager to witness how this event will impact the market and shape the future of the world's leading cryptocurrency. Longby PHundal1
Crypto Total market cap .Daily If we want to have a simple and general view, I believe that if someone hasn't entered the market at lower prices, they shouldn't do it now, and they should wait for a price correction and market reaction to important support levels.by Walwel1
TOTAL Crypto Market Cap - pattern still valid🟩🟨🟥⬜️If the TOTAL cryptomarket Cap 2-weekly candle close above 1.284T I will get bullish nervous dear Crypto Nation 😎🚨 These repeating patterns of different market phases are still valid IMO🟩🟨🟥⬜️ Comments💭, Likes♥️ & Follow🔗 appreciated🤗 Disclaimer: Not financial advice Do your own research before investing The content shared is for educational purposes only and is my personal opinionLongby Crypto4Everybody2
TOTAL CRYPTO MARET CAPTOTAL is pumping! Crypto is making a move in the right direction! Keep it steady! Can we see a bullish case heading into the halfling? This is Bitcoin and Cryptos time to shine! Good Luck Out There! by BuddaCo_LifeStyleUpdated 2
Total market cap chart Why total is important I hope I dont need to explain. CRYPTOCAP:TOTAL Possible Targets and explanation idea ➡️Weekly chart. Marked 2 times with trade on indicator moment to SELL and out of crypto ➡️June 2022 was a main bottom for crypto and BTC especial ➡️November - January we are under real value of total ➡️C4L direction showed also November-January whales accumulate aggressively ➡️White zones is depression zones where whales also build average entry for investments ➡️Take profit lines marked by fib levels + take profit indicator before correction ➡️ Correction I think we will see at April-May 2024 Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"! Longby Crypto4light7
TOTAL - Resistance from 2017/2018 Top to now!!Trend line from 2017/2018 TOP to current resistance. Crazy how perfect this lines up to where we are currently at. Either break to 200SMA (5 day) or we are at a local top. 1st 4 days of November have been bullish with stock market 9/10 past years, pullback after this 5 day candleShortby clarkellewis1
Crypto is on the Brink of NEW BULL MARKET!🚨 Ladies and gentlemen, we're on the brink of a new bull market. There is nothing anyone can do to stop this. #Bitcoin has delivered once again. Expect a breakout and re-test of the $1.3T level as support, then moon. A rejection here is unlikely. Enjoy the ride. Like and follow for more ideas!Longby DU092
TOTAL uptrend - the beginningIt seems like a perfect spot for the TOTAL and multiple coins to start finally rising. While we have a very conservative upside target, the price might go much higher.Longby CryptoPAMMUpdated 6
TotalMarketCap (TOTAL) Bullish Momentum BuildingTotalMarketCap demonstrates strong support within the demand zone, consistently breaking above downtrend trendlines. These developments suggest that TOTAL is potentially gearing up for its next upward surge. Currently, the risk-to-reward ratio appears favorable, particularly in light of today's pullback.Longby CryptoPAMMUpdated 3
Total Market cap big resistanceWe have a big resistance zone on the total market cap So far we can say that the rally was a rotation of capital from alts to bitcoin more than new money stepping in IMO better to watch the trend and follow it than guessing whats next Eyes on the zone in yellow by djobs0
Crypto Total Market Cap (TOTAL)#CryptoUpdate: TOTAL consolidates at $1.24T - $1.26T resistance, previously rejected in April and July. Rising wedge formation suggests 70% chance of downside break. Currently overbought on daily chart, potential pullback to $1.18T - $1.2T. 📉 #Cryptocurrency #MarketAnalysis 🚨by Richtv_official3
TOTAL MARKET CAP I expect the market value of the digital currency market to grow Objectives as described in the analysis These Targets are for the long term and it may take two years to reach the final Target Please support the idea by pressing the like button and writing your opinion in the comment box Good Luck Longby SALAH-LH337
Time is ticking... Okay or Continue?CRYPTOCAP:TOTAL Total Market Cap is about to break out of 540 days accumulation range. If a solid breakout happens by convincing every participants of the market probably we won't go back the accumulation zone again. Exiting times..by MonkApe3
Is 10T coming into the market soon? The total MarketCap looks like it could pop any day now and trillions to flow into the space early next year. Fibs dont lie.... NFALongby AdonisB1
Total Crypto While everyone will be looking to go to NEW HIGHS this next bull run. I would advise caution. I would recommend everyone watch for these other two scenarios and worry about them 1st. #1. Quite possibly you see a Lower high in the range of $2t as shown by the first level marked in red line. #2. I would watch for a DOUBLE TOP on Total. Until both of these scenarios are invalidated I would recommend paying closer attention to them for your reality on WHEN to take profits vs only thinking about the Euphoric Valhalla ending. by rarebreed291
TOTAL CRYPTO MARKET ANALYSISHello traders, we are looking a strong resistance zone and i believe we should expect a correction, so get ready and be alert of likely market dump and also looking at the dollar index getting ready for a push to the upside . Plan ahead and ensure you have your stable assets to buy. Promo is coming (discounted sales for crypto) TradehubngShortby Tradehubng2
THE CRYPTO BULLRUN HAS BEGUN!- Please read my thoughts on the callouts on the chart.Longby ALTCOIN_BEAST3
MARKETS week ahead: October 30 – November 5Last week in the news The US stock market continued with its correction cycle, losing 10% from its peak in July this year. The ECB left rates unchanged, as expected, but it did not help EU stocks to gain during the previous week. At the same time, Bitcoin reached its resistance level at $35K, amid news on a potential approval of the first ETF. For the second week in a row Gold lost its correlation with USD, and was traded higher, due to geopolitical risks. In short, it was the second week in a row on financial markets with challenging earning aspects. After straight ten consecutive rate hikes, the ECB left its benchmark interest rates on hold during the previous week. Its key rate remained at 4%, the level at which ECB hopes the inflation will slowly return back to its 2% target. The ECB Council members have confirmed their expectations for mid-term inflation expectations of 2.1%. Although there has been no news with respect to the future economic moves, rhetoric of the ECB modestly differed from their colleagues in the US. Namely, as the Fed narrative for interest rates is “higher for longer”, the ECB is speaking the same narrative, but for inflation. On the opposite side, the ECB did not make comments regarding potential for rate cuts in the future period, considering that the inflation forecast for this year still stands at 5.6% and 3.2% during the course of the next year. At the same time, economists are concerned over EU economic growth, where rate cuts might come sooner, in order to support an economy which is on the downturn. Fed`s favorite inflation gauge, PCE Index was left unchanged in September at 3.4% and core PCE at 3.7%. Posted figures for GDP growth in Q3 surprised markets, by reaching 4.9%, higher from market expectation of 4.3%. Although the US economy looks in good shape at the first sight, still, there have been several discussions during the previous week concerning deterioration in consumer spending. Namely, analysts are warning that consumer figures look strong, but at the same time, the household savings ratio has decreased, while during the last three months, the real income of the US households has been negative. There is an increasing number of both economists and analysts who are actually concerned about the real outlook for the US economy in the coming year. The Bank of England is preparing for introduction of the central bank digital currency in the future period. It was the reason why they left the CBDC consultation paper on public discussion, after which, they received more than 50.000 responses. Still the majority of responses were related to concerns regarding safety of the digital currencies, following its programmability while a significant majority of participants were concerned over the decline in cash. The BoE did not bring a formal decision over introduction of the CBDC, nor did they have defined a deadline for such a move. Crypto market cap To be or not to be an ETF is the major topic on the crypto market during the last two weeks. Regardless of any other economic or political developments, the crypto market is currently following its own story. During the previous week capital inflow into the crypto market continued, however, strong push to the upside was supported by significant levels of both margin calls on derivative markets, as well as re-positioning on the options market. The odds for the approval of the first BTC ETF are increased by market participants; however, it should be considered that the last word will be by the SEC. Although the SEC postponed the decision on the approval of ETF filings from several big names in the financial industry for the end of October, it should be acknowledged that SEC might do this again or, in the final case, reject all these filings. Risks for the crypto market are still very high. Still market sentiment or speculation is hard to avoid in situations like this, so the price of the crypto assets might continue with high volatility in the coming week(s). Total crypto market capitalization was increased by 11.5% during the previous week, adding $127B to its cap. Most of these funds are coming from BTC and ETH. Daily trading volumes were also increased compared to the week before, ranging around $60B on a daily basis, from $55B traded a week before. Total crypto market capitalization increase since the beginning of this year currently stands at 63%, where it has added total $477B to the market cap. Another week ended in green for the majority of crypto coins. BTC continues to be the most traded coin, which added $85.6B to the total market cap of the crypto market, increasing its value by more than 14% on a weekly basis. BTC was followed by ETH, which managed to gain market optimism and increase its market cap by additional $22B or more than 11% on a weekly basis. During the previous week BNB managed to get back in the crypto game, adding $2.15B to its market cap, increasing it by 6.6%. XRP also had another positive week, with a surge in the market cap by $1.7B or more than 6%. Other coins with good performance during the week were LINK, with an increase in cap by $1.7B or 38.4%, DOGE gained additional $1.2B or 13.8%, ADA was up by $1.28B or more than 14%, while Solana gained $1.3B or 11% on a weekly basis. Another coin that should be mentioned in relation to its performance was NEO, with an increase in value of 35%, OMG Network surged by 17%, while Filecoin was up by almost 13%. Majority of other altcoins gained during the week. Considering coins in circulation, the highest weekly inflow had Solana, with an increase of 0.6%. Tether is also gradually building its circulating coins, adding another 0.5% to it during the previous week. Polkadot and Filecoin also added 0.3%, while several other altcoins have increased their circulating coins by 0.1% w/w. Crypto futures market Based solely on crypto derivative markets, it seems that investors' positive sentiment for crypto currencies is back on the market. During the previous week both BTC and ETH futures gained significantly compared to prices from the end of the previous week. BTC futures maturing in December this year were traded higher by 13.8%, reaching the price of $34.360. At the same time, longer term futures were traded above 18% higher from the week before, where December 2024 ended the week at level of $37.240. This was a huge move for BTC, as the market was struggling for a long time to sustain the price of $30K for this maturity. ETH futures also managed to finish the week with a positive investor sentiment. ETH futures maturing in December this year were last traded higher by 11.7% on a weekly basis, ending the week at level of $1.811. At the same time, futures maturing in December next year finished the week at level of $1.918 or more than 14% higher from the week before. It should be noted that futures maturing in March 2025 ended the week at price $1.945, which indicates current market sentiment with expectation for the price of ETH to continue to move to the higher ground in the years to come.by XBTFX12