Crypto Total Market cap drops A little shakeout for a huge pump. The entire crypto market is about to bleed 🩸Shortby ThirtyGoatCrypto0
Technical analysis of major crypto currencies: Jan 30 – Feb 5Last week in the news It was a relatively calm week on financial markets in the wake of the coming FOMC meeting on the first day of February. In this sense, some higher volatility might be back on the market, especially if FED hikes rates by 25bps, as the market is expecting. Positive sentiment for equity markets across US and EU were published GDP data for the US, whose economy expanded in Q4 by 2,9%, better than forecasted 2,6%. Still, recession fears remain high on the markets. Bitcoin is finishing the week by testing $23K resistance, while Ether is holding above $1.5K. Equity markets across the US and EU were supported during the previous week by better than expected GDP data for the US. The US economy rose by 2,9% in Q4 2022 which was better from the market estimate of 2,6%. Still, some slow down in the output of the US economy is evident, considering that Q3 GDP post was 3,2%. Regardless of the better than expected results, the fear of a coming recession is still strong among investors on the market. As it takes time for the monetary measures to reflect in the real economy, the currently ongoing series of layoffs in the US and across the world, and the slowdown of China's output, might all result in a gradual decrease of economic output in the coming period. As of February 1st the FED will announce a decision over the further rate increases. The market is expecting a further 25 bps hike, a slowdown from previous higher increases, which would be a certain signal that the FED is heading toward the end of its monetary tightening. Certainly, the week ahead will be an important week for the financial markets and fundamentals. Current lay-offs wave in the crypto industry continues. During the previous week a crypto-exchange company Luno, which is part of the Digital Currency Group, announced that it will cut 330 jobs, which is roughly one third of their current number of employees. As a reason for such a step the management of the company noticed a very hard previous year for the tech industry, as it has significantly impacted their growth and revenues. As Coindesk is reporting the investment firm SkyBridge Capital, owned by famous investor, Antony Scaramucci, lost 39% of its value due to the crypto coins downturn during the previous year, as well as investments into collapsed FTX exchanger. Due to this huge loss in value, the investors are seeking a redemption of about 60% of the fund's capital. The non-fungible tokens are again expanding their presence in the news. It comes after the crypto winter, where investors and people from the industry are searching new ways in order to further expand the use of NFT`s. News attention came after the Aptos (APT) token surged by more than 300% since the beginning of the year. The management of the Aptos company is looking at the expansion of the use of NFT`s above the current use as a collectables and into the NFT`s as the exchangers of the value. Crypto market cap After a quite optimistic beginning of the year, the crypto market slowed down during the previous week. The current economic and crypto winter news were exhausted, and the market is currently waiting for new signals in order to choose the trading side. Latest posted figures on US GDP shows that the US economy is still able to sustain extreme monetary tightening from the FED, however, insecurity over the potential higher recession in the US and the rest of the world, especially China, is still shaping investors confidence. In the week ahead, FOMC will decide on further rate hike, in which sense, some volatility is coming on markets, after a relatively quiet week. Total crypto market capitalization remained flat during the previous week, still holding at $1 trillion. Although the main coins lost some of their value, altcoins saved the game during the week, adding counterbalance to the total crypto cap to remain flat. Daily trading volumes decreased compared to a week before, moving around $80B on a daily basis, which is a drop from $117B, or $153B three weeks ago. It is evidence that the market is drying up as the investors are waiting for a new market signal in order to choose a trading side. Total crypto market capitalization has increased by 33% since the beginning of this year, adding total $246B to the market cap, and without change from a week before. Altcoins saved the week for the crypto market. While major coins performed relatively flat, or with a small drop in value, the majority of altcoins dragged the capital back on the market, leading to total crypto market capitalization flat on a weekly basis. Bitcoin and Binance Coin remained relatively flat compared to the week before in terms to their market capitalization, while Ether passed a struggle, losing almost $10B in value, decreasing the market cap by less than 5%. Tether had a relatively good week, where the coin added $1B to the value of its market cap or 1.5%. Some of the highest weekly winners in relative terms were OMG Network, adding more than 11% to its cap, Polygon, with a surge of 8.5% or Algorand, with an increase of 6.5%. Filecoin continues to increase its coins in circulation, adding 1.5% of coins during the previous week, and increasing its market cap by 9.5% within a single week. Crypto futures market Developments from the spot market were reflected in the prices of both BTC and ETH futures during the previous week. However, it should be mentioned another important development, which is related to slope reversion of the futures curve. Namely, after some time we have finally faced the situation that prices for longer term futures are higher from the short term ones. This might be perceived as an important break-through on the market, as indicates that investors are finally perceiving the end of the crypto winter as well as, improvement in the macroeconomic environment which would again lead to increase in value of assets, including crypto. BTC short term futures finished the previous week higher by some 4% on average. At the same time longer term futures were up more than 11%, with December 2023 ending the week at the price of $23.390. Prices for December 2024 were higher by more than 13% on a weekly basis, ending the week at level of $23.565. In line with the spot market, ETH`s short term futures were down by some 2%. At the same time, longer term futures were traded higher by 6%, with December 2023 ending the week at $1.623. Futures maturing in December 2024 were 9.5% higher from the week before, ending the week at level of $1.639.by XBTFX2
Total market cap for all crypto combined. We just got a huge pump in BTC. Ae we expected it did not hold. We are looking for longs still at a lower price highlighted bellow. This is not finical advice by DogeEggWS0
Total vs Total2 vs Total3Let's compare $TOTAL = all #crypto vs NO $BTC with $ETH = $TOTAL2 vs NO #BTC or #ETH > #altcoins = $TOTAL3 Not much change between T & T2, although T looks a bit better However, T3 is beginning to show lil more spunk Could we be setting up for MORE #altcoin moving? We'll see soonby ROYAL_OAK_INC1
Crypto Total 48k FractalWe have taken liquidity from the last supply area (yellow line) at the top BEFORE the FTX pump This means all Shorts that have tight stop losses BEFORE FTX DUMP are now taken out. TOTAL is painting a fractal similar to how it did at 48k This is concerning, and Long should be very careful hereShortby reiiss7116
TOTALThe total index is below the psychological range of 1 trillion. Since the size of the bullish impulses is gradually getting shorter, we are likely to see a correction. But if the level is broken with a strong trend, the scenario will collapse and the rally will continue. In a few days, the Fed will announce the interest rate, it is likely that the market will react after that.by ghane_amir5
crypto total market cap Looking at a Bearish Dimond Pattern in the crypto total market cap.Shortby awakensoul_3692
TOTAL do you think like me? You can see that a lot of bullish signals are present here. Pay attention to it.Longby GDLongVN885
Crypto Marketcap Growth conditions are availableThe candlestick pattern shows that the market has started its upward trend. Longby imilood0
TOTAL crypto Market cap under pressureThe TOTAL PA has made a massive push over the last few weeks and has pushed up to the neck line of the Pre FTX Crash, by using a double Bottom pattern to gain strength.But now, it has another battle. PA is overbought on most timeframes and is still under the neck line of that previous PA There is support on the Newer Trendline and the question is, Can it break up before it comes to that Apex of the two on 31 Jan, remembering that the FED ( The DXY Support Group ) will be announcing their latest Rate Hike the next day, on 1st Feb Lets not fool ourselves here, there is every possibility that PA will get rejected and as much chance it will break over that neckline. the only sensible option righ t now is to take precautions, maybe take some profit and we wait....................by Orriginal0
Pullback in this channel? Headed to the bottom of this channel? And would that bring us back into the larger Daily downtrend? And resolve that this has been another Bull Trap? Shortby prefabsproutUpdated 115
TOTAL chart 1 hour - REFERENCE ONLYJust putting this up here now as, well, we can see, something HAS to happen soon. Take care..Could go either wayby Orriginal111
TOTAL Market Cap Long Term Cup and HandleThe figures here are hypothetical , just remember that please But........... Since the ATH of Jan 2018, It could be said that the Total Market cap has created a Classic Cup and Handle Pattern, with current PA hoovering around the $1 trillion mark So, If this Classic trading pattern plays out, a Measured move puts PA in the $ 8 Trillion Mzone, or more. And how long would that take ? Well, remebering how it has taken 5 years to get to this point, it could be anywhere from 3 to 5 years maybe but, things can accelerate given current world affairs seemingly driving some very large countries away from using the $. And with no other viable alternative, Crypto IS being looked at Very VERY closely..... Hang on Guys and Gals..We ARE Early....be patient....by Orriginal2
TotalMarketCap-Analysis - 2023- Bearish PossibilityHello everyone Hope you all are doing good, This time I thought to make a Technical Analysis on Total Market Cap only for the year-2023. Not a Financial Advice, please do your own research before investing in trading. This analysis is only if Bitcoin puts Lower lows. There are possibilities this may not happen too if the price stops at any of the blue trendlines. In past every time we usually see in Bitcoin a big volatile move or Liquidation move, may be roughly a 50% drop in price, so in the current bear market we did not see something like that volatile move until now. In RSI the trend is Diverging from Bearish to Bullish, so I felt somewhere in this Year-2023, before heading to the next cycle we may face this kind of volatile move to remove the Leverage positions. Based on this Analysis in my Opinion somewhere in the month of feb OR March Or April. Ok thank you, please like and share and follow me for more interesting and helpful updates. If you have any questions please comment. Stay safe and stay Smart. by nmcharyUpdated 0
TOTAL Crypto Market Cap, what next ?Measured move completed MACD now oversold & may turn Bearish but RSI already retreated and may offer support to PA to Keep it above long term resistance line now used as Support 7 days till FED Rate Hike Enough time to reset a little, maybe needed - All depends on the FED choice of the expected 25 or 50 base point raise. As a result of where PA is now, we can probably expect Crypto to cool off over the next 7 days, Just range - Some coins may pop if sentiment is still high Now maybe a good time to take some profitby Orriginal220
📈 Any Retrace/Correction Is A Buy Opportunity (Total-Crypto)This is a trade idea that I originally shared 15-January... As I've been mentioning, the last retrace turned out to very small/short and this can also repeat. In the case that this scenario does not repeat, prepare the ammo. ----- After a strong breakout... After a strong wave... After an impulse... It is 100% normal to have correction or retrace. If you missed out, this is a great opportunity to buy-in. If you are already positioned and secured some profits, this will be a great opportunity to rebuy and reload. If you are a long-term holder, accumulation happens when pries go down at support. Remember to plan and do your own research of course. Remember there is always risk involved. You are responsible for your own actions... This is my view and opinion based on experience and what I see coming from the charts. I hope you find this information useful. Previous trade idea | 29-Dec-2022 📈 Cryptocurrency Market Capitalization Likely Grow 200 Billion Namaste.Longby AlanSantana4414
Crypto total market cap 45 % drop soon. Be ready!Total crypto market cap broke bearishly as Bitcoin did. We expect a short term bounce and getting rejected at the strong resistance. Final target for bears: 585 - 600 B After that we expect the real accumulation face and the new bull market to start. P.S Don´t get overexcited with a short-term bounce Shortby vf_investmentUpdated 7722
Strong resistance here? Am i crazy or does like 1.03 T market cap seem like a super tough resistance line that we'll just bounce off of and go back lower? Can't imagine any news that would push us through this....Shortby jaykay114112
📈 1 Trillion TOTALThe total cryptocurrency market capitalization recently hit 1 trillion and is staying there. The last resistance was conquered 20-January and still no retrace in the past 3 days. Here is the bullish signal, yesterday we had the highest daily close since November. After the 20-Jan. jump, we had days of consolidation and while the wicks hit lower, the close was stronger and this is a hidden strength signal. Will we see straight up for the cryptocurrency market? I can't say but the charts that I am reading is saying so. As long as the action is happening above 960 billion plus, we continue aiming straight up. Going below 960B signals that a correction can show up. Namaste.Longby AlanSantana3324
Totalwe are ready to fly in Crypto market. We can open new position with buy position for achieve 20% and with high leverage Longby shahabshafayyan2020110
Technical analysis of major crypto currencies, January 23 – 29Last week in the news Positive sentiment from the week before, continued also during the previous week. Both EU and US equity markets gained, in expectation that the FED will slow down its monetary tightening and increase of reference interest rates. The crypto market is also weighing on the same news, despite further negative news from the industry related to FTX contingencies. Bitcoin broke $23K, while Ether is holding above $1.6K. The FTX collapse contingencies continue on the crypto market. During the previous week the crypto lending firm Genesis filed for Chapter 11 bankruptcy protection. The company filled in its documents with over 100.000 creditors. It is also noted that the company owes $3.5 billion to 50 largest creditors. One of the names that is mentioned is Stellar Development foundation, which is founded as a non-profit organisation, with the aim to promote the Stellar blockchain. For some time now Genesis has been in the news over the speculations on its exposures toward the FTX exchanger and problems in their lending business. Layoffs in the tech and crypto industry continue. As per a letter submitted to Google employees, the CEO of Google, Sundar Pichai, noted that the company will start laying off a total 12.000 of its staff in the U.S. and in other countries. Google is just another large tech company who decided on this step in expectation of the forthcoming recession, and after Microsoft announced a decrease of 10.000 of its workforce and Amazon of 18.000. The CryptoCompare issued a report on the crypto market trends during the year 2022, noting that the Binance exchanger gained the highest share of the exchangers market, increasing it by 16,3% y/y. As it has been noted in the report, the increase is a result of higher adoption of cryptocurrencies, “particularly in the emerging markets”. Although China banned both use of the cryptocurrencies and its mining, still, they are looking ahead to the introduction of their own digital currency called digital yuan. For a few years the project has been developed and is currently in the testing phase. As Coindesk is reporting, the smart-contract functionality for digital yuan is enabled for the e-commerce platform Maituan, which is one of the largest platforms in China for food delivery. This would be the first time that the smart contracts for the CBDC will be tested on a large scale of retail users. The big 4 rating agencies are still not convinced over the future performance of the Coinbase (COIN). During the previous week the rating agency Moody's downgraded this company to so-called “junk” or non-investment grade. The agency is noting “weakened revenue and cash flow generation capacity” for such an action, coming from continuous challenges from the operating environment. Crypto market cap The optimism from the previous week is still holding on the market. Equities have positively perceived voicing from several FED officials who will support further tightening of the US monetary policy, but with lower rates increases, at 25 bps. Since this is in line with market expectations, the markets had another green week. Contingencies of the FTX collapse continued on the crypto market, with Genesis filling for the Chapter 11, which was also in line with the market expectations. With the latest surge in the crypto coin prices, total crypto market capitalization reached again $1 trillion, reaching the level from the beginning of November last year. During the previous week the crypto market surged by additional 8%, adding $71B to its cap, outperforming equity markets for one more time. The largest contributors of this surge were the most popular coins on the market. Still, daily trading volumes were modestly decreased during the week, reaching $117B on a weekly basis, which is a drop from $153B traded during a week before. Total crypto market capitalization has increased by 33% since the beginning of this year, adding total $246B to the market cap. Increase in the total crypto market capitalization during the previous week was mostly supported by the two largest coins on the market, BTC and ETH. Bitcoin outperformed the market with a surge in cap of more than 11%, adding $45.7B to its capitalization on a weekly basis. BTC was followed by ETH, which added $16.2B to market cap, increasing it by 8.7%. Another coin with quite good weekly performance in nominal terms was Solana, with a gain of $1.18B, or more than 14% within a single week. This was one of the rare weeks when Binance Coin did not contribute significantly to total crypto market capitalization. Namely, although the price of the coin increased during the week, still, its circulating coins were down by 1.3%, which held BNB`s market cap to almost the same level as it was during the week before. Filecoin continues to keep market attention, through an increase in its market cap by 18.5% within a single week, but, at the same time, it increased its coins in circulation by additional 2.2%. Other altcoins performed on a solid ground during the week, mostly increasing their market cap from 0% up to 10%. Crypto futures market General market optimism is continuing to fuel the crypto futures market. During the previous week both long and short term futures for BTC and ETH gained in prices during the week. BTC short term futures were traded more than 12% higher from the week before, while ETH futures were up by more than 13% on average. As for the long term futures for BTC, the prices have increased by more than 10% w/w, however, they are still holding in inverted mood, as December 2023 ended the week at price $20.905, while December 2024 finished the week at price of $20.695. ETH long term futures were up at the lower pace from the short term ones, adding more than 8% in price on a weekly basis. Also, ETH futures prices continue to move in inverted shape, where December 2023 maturing futures were traded at price $1.531, and December 2024 at $1.497. Inverted futures prices are showing that investors continue to perceive the influence of recession in the US, potentially in the rest of the world, as a main driver of the crypto future prices. by XBTFX111
TotalIn the weekly time, we have a bullish pattern, wave 5 is completed, waiting for the completion of wave a, then the correction in wave b Fibonacci is 0.38, the end of wave b, good luck and profitableby sinash140