Market UpdateA cryptocurrency, crypto-currency, or crypto is a digital currency designed to work as a medium of exchange through a computer network that is not reliant on any central authority, such as a government or bank, to uphold or maintain it.Longby barendscrypto5
Crypto Crossroads: Bear Flag or Bullish Reversal?The crypto market is currently at a crossroads, with some analysts suggesting that it might be forming a bear flag pattern since November 2022, while others argue that it could be on the brink of a bullish double-bottom reversal. The relative strength index (RSI) on the daily chart, a widely used technical indicator, currently stands at 72.30, indicating that the market is overbought. However, other indicators are showing mixed signals. The current uptrend, along with record highs in altcoins such as Solana and metaverse tokens, has been attributed to structural short squeezes in illiquid markets and promising developments related to Ethereum's Shanghai upgrade. El Salvador's efforts to adopt Bitcoin and promote economic freedom could potentially have a positive impact on the market. However, the crypto market is also facing headwinds. The Winklevoss twins have made accusations of fraud against the Digital Currency Group, which could potentially impact the market. Additionally, the US Department of Justice is investigating the Macalinao brothers behind Solana stablecoin exchange Saber Labs over allegations that they inflated metrics to boost the price of their native token SOL. FTX cryptocurrency exchange has recovered over $5 billion in assets, but the total amount owed to creditors remains uncertain. Binance is planning to scale in 2023 with headcount growth goals of 15-30%, and Hong Kong's Securities and Futures Commission is proposing a subset of tokens for retail investors to trade. The crypto market is showing mixed signals and the RSI is currently overbought. But the fact that the market might be forming a bear flag pattern since November 2022 or a bullish double bottom is an important aspect to consider for traders. With the US Consumer Price Index (CPI) release looming, it's worth keeping an eye on the market and monitoring closely. The question remains, will the crypto market continue its current uptrend or is it headed for a bearish reversal? What are your thoughts on this market development?by BC-WHISPER2
Market cap Danger Zone 760B setting up 40% loss 430-490B targetNot financial advice Currently trading below 760B the high of 2018 I'd think we may make one more reclaim of that level before we start to trend down over the next 3-6 months to targets of 499B and as low as 430B DYOR Like and follow PIK Patience is Key TLAW Think Like a WhaleShortby ThinkLikeaWhaleTLAWUpdated 224
Crypto Market Bullish, but watch for reversalThe crypto market has been on an uptrend in recent weeks, with the total market capitalization rising from $752.339 billion to $822.823 billion. However, some technical indicators suggest that the market may be overbought, signaling a potential reversal or pullback. In industry news, major exchange Coinbase has announced layoffs and the discontinuation of certain projects due to the current market downturn. South Korean tax authorities are investigating Bithumb for alleged tax evasion, while Huobi's market share has been impacted by increased competition. The co-founder of Gemini has publicly called for the removal of the CEO of Digital Currency Group, citing alleged fraud. There has also been a slowdown in trademark applications for digital currencies, and the Office of Foreign Assets Control (OFAC) has increased sanctions. Binance has acknowledged past issues with its stablecoin reserve, but claims to have implemented improvements. Federal Reserve Chairman Jerome Powell has emphasized the importance of the independence of monetary policy. The US short-term energy outlook for 2023-2024 predicts a 0.5% growth in GDP in 2023, with economic growth returning after a contraction in the first and second quarters of 2023. In 2024, real GDP is forecasted to grow by 1.9%, driven primarily by an increase in household consumption. The forecast also predicts a decrease in crude oil and natural gas prices, a decrease in consumption in 2023, an increase in production and inventories, and a rise in household consumption in 2024. Overall, the crypto market is showing positive performance, but some indicators are signaling a potential reversal or pullback. Traders and investors should be aware of the various industry events that could impact market performance, such as exchange developments, regulatory changes, and internal issues. Given this context, it's important to stay informed about the latest market and industry developments and closely monitor investments, considering taking profit or hedging positions if indicators point to a potential reversal or pullback. To conclude it's important to keep an eye on the crypto market but also to diversify the portfolio and be cautious.by BC-WHISPER553
Mission ImpossibleOne more time, EMAs cross is coming. Can it be the end of long winter or ... ????by Mbatbayar0
📈 Am I The Only One Getting Excited?Is it me or people are really, really negative about crypto while the market is totally recovering? It seems as if we are hitting new lows yet bitcoin is breaking up, the altcoins are moving up and even the stock market is moving up... Am I the only one feeling positive or certain that this is not a "fake" breakout? - If you know this is the real move, let me know in the comments... - If you are still in a bad-mood, please, also let us know. The cryptocurrency market is about to have the biggest, strongest bullish wave in years. Stronger than the mid-2022 dead cat bounce. Stronger than early 2022... So the biggest wave in years... Let's enjoy it because we don't know for how long this will go. --- Thanks for taking the time to read. I appreciate all the people that take the time to comment. It is my pleasure to write these trade ideas for you. My wish is that you enjoy the content, you feel entertained and if you are getting started, you also learn a few tips/tricks... Oh and of course, if you are a trader... It is my wish that you maximize profits, bear or bull, that you are blessed with the right calls, the best decisions, peace of mind, joy, entertainment while trading and tons of success. Thanks a lot for the support. Namaste.Longby AlanSantana141423
CRYPTO MARKET CAP January 11 2023Retracement for CRYPTO Market is Imminent as as Sentiments are low and Open Interest is at its all time low. Time for accumulation of your Favorite Tokens that have Good Fundamentals Longby TradersTruth8881
WATCH OUT❗ BearRally Correcting Overleveraged MarketsHi Traders, Investors and Speculators of the Chart📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩(will be moving to corporate some time in Jan 2023)🏫 Bearish market rallies are meant to look like bottoms - shaking many holders out of their positions. This is because Stop Hunting Algorithms flourish here, hunting out your stop losses with wicks and volatility. In this short analysis, I explore the Total Cryptocurrency Market Cap in depth, using Technical Indicators such as the Bollinger Bands, Volume and Phoenix Ascending. A formidable resistance zone is currently at 1T for the TOTAL chart, and I would only consider a reversal if we can CLOSE a WEEKLY candle ABOVE 1.1T ⬆ In other words, remember to take profits during a time of upward price action. IMPORTANT XRP and XLM update coming tomorrow, stay tuned and follow 👀 _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck Short05:41by CryptoCheck-Updated 232340
Market Analysis:Performance,Outlook and Investment considerationThe cryptocurrency market has seen an increase in market capitalization and trading activity in recent weeks, as indicated by a rise in the Hull Moving Average and net volume. There is also a strong uptrend in the market, as indicated by a number of trend-following indicators. However, some technical indicators suggest that the market may be overbought. The recent pump in the market is not clearly explained, and it is possible that it is being driven in part by investor FOMO (fear of missing out) as some believe that the bear market will end in 2022 and 2023 will be the start of a bull market. Key macroeconomic events and data releases this week, including a speech by the Federal Reserve Chair and the release of consumer price index data, could potentially impact the market. Digital asset investment products have also seen outflows over the past three weeks, with bitcoin and Ethereum experiencing significant outflows, although XRP has seen inflows possibly due to improving legal clarity. There have also been updates about the Shanghai upgrade of Ethereum and the release of a public test network. Given these factors, it may be advisable for investors to exercise caution when considering opening a long position in the cryptocurrency market. It is important to carefully consider the risks and rewards of any investment, as well as to do one's own research and analysis before making any trading decisions. Risk management is crucial, and investors should not invest more than they can afford to lose. It is also important to stay up to date on market news and events and to do one's own research and analysis. What do you think is driving the recent pump in the cryptocurrency market? Do you believe that the bear market will end in 2022 and that 2023 will be the start of a bull market? How do you think key macroeconomic events and data releases this week, such as the Federal Reserve Chair's speech and the release of consumer price index data, will impact the market?by BC-WHISPER1
btcsupport and resistance Feel free to share your view in the comments. CME:BTC1! INDEX:BTCUSD BINANCE:BTCUSDT COINBASE:BTCUSD KRAKEN:BTCUSD OKX:BTCUSDTLongby BMJ_TRADING1
this time its differentCheck the comparison between nasdaq 100 from dotcom bubble vs total MC crypto nowadaysby MDdot_com111
total marketcap Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009. Longby Cryptonix-Empire1
Crypto Total market Cap it is expected the crypto market cap to reach the level of 708.671B in this area i will monitor the market situation it may be a good buy area for $BTCby Dr_VladislavddUpdated 6
Technical analysis of major crypto currencies, January 9 – 15Last week in the news After a Holiday season, the financial markets started the New Year in a relaxed mode. During the first week of January “old market stories” continued to be in the spotlight of investors. Certainly, inflation is still on the top of the list. The US Dow index surged by 700 points during the first trading week, as investors are expecting for inflation to slow down further which would impact FED to halt monetary tightening. The crypto market remained relatively flat, with Bitcoin ending the week below $17K, and Ether below $1.3K. Inflation was certainly the most popular word during the whole previous year on financial markets, while the second place, on the crypto market, could take the word lay-offs. Both words continue to be in the spotlight of the markets as fear of recession increases. The crypto winter on the crypto market is still on stage. Lay-offs in this industry (as well in many others) continued during the first week of January. Huobi, a Seychelles-based crypto exchanger, announced its decision to cut its labour force globally by 20%. Within the company this move was explained as “structural adjustment” during the bear market. At the same time, Genesis Trading, a part of Digital Currency Group, will cut an additional 30% of its staff, after firing 20% of employees during the last year. It is still unclear where exactly the problem lies with this company, but analysts agree that the main issues for Genesis Trading started after the collapse of the FTX exchanger. On the other hand, crypto exchanger Kraken stated that they will stop the company's operations on Japan`s markets, due to weak market conditions in this country. The FTX scandal as of the end of the last year is still contingent on the market. The US regulators issued a warning for US banks on their exposures with cryptocurrencies. The regulators warned regarding risks like scams, fraud, and contagion risks originating from inter-connections among crypto market participants. Their conclusion is that any holdings of crypto assets on public or decentralised platforms by banks, could not be treated as sound banking practice. Another contingent of the FTX scandal. Silvergate Capital was downgraded by the major US banks and rating agencies. Analysts agree that the strong funds outflow that this institution experienced after exposure of its connections with FTX, would have significant implications on the institution`s profitability in the long run, due to increased costs of liquidity and impairments of technology assets, as well as layoff programs. Bearish market trend for this company is confirmed also by Cathy Wood`s ARK Invest fund, which sold about $5M of Silvergate stocks. However, at the same time Cathy continues to bet on COIN as the fund bought additional $6M of COIN shares. Crypto market cap During the Holiday season, markets were traded in a relatively relaxed mode. There has not been too much volatility, however, daily trading volumes were relatively low, which is usual during this period of the year. The crypto market suffered crypto winter during the previous year and finished it with a total funds outflow of 65% y/y, with total outflow of $1.426B. First week of this year was relatively calm but market managed to increase market cap by 4%, adding modest $27B to its total capitalization. Daily trading volumes continue to be decreased, reaching $44B on a daily basis during the first week of January. Regardless of low trading volumes, the start of this year was positive on the crypto market. Majority of coins gained during the week, both in market value and in circulating coins. Major coins on the market were traded in a relatively mixed manner. Bitcoin ended the first week relatively flat compared to the last week of December, however, Ether managed to gain additional $10B in market cap, which is an increase of 7%. Binance Coin also managed to erase some of the losses from the end of the year before, adding 10% to its market cap or almost $4B. Some of the coin with significant gains in relative terms were Ethereum Classic with a surge of 25%, Litecoin which added almost 19% to its market cap and Filecoin, which was up by 15%. It should be mentioned that Filecoin continued to strongly increase its coins in circulation, adding 4.8% since the end of the last year. Algorand also increased its circulating coins by 1.0%, along with Zcash and Solana, which both gained an additional 0.9% in coins in circulation. Crypto futures market Despite the optimistic new year`s start of the spot crypto market, the crypto futures market continues to be sceptical regarding the future prices of both BTC and ETH. In line with the spot market developments, short term futures for ETH were up by some 7%, while for BTC remained relatively flat. The maturity curve for both coins continues to be inverted, which was a trend started during the previous year. BTC futures maturing as of the end of this year were closed at $16.6K, while those maturing in December 2024 were holding around $16.5K. Situation is the same with ETH futures, which closed the week at $1.220 for maturities as of the end of this year, and at $1.200 for maturities as of the end of the next year. by XBTFX2
📈 About To Gain TOTAL SpeedWe have a bullish cross here on the 12H timeframe for the TOTAL index. EMA10 is crossing EMA50 to the upside... Things are about to gain speed. Ever since early November, 2 months ago, EMA50 has been working as resistance. Trading above this level opens the door for sudden jumps/fast growth... Are you prepared? Cryptocurrency will help us to have a nice start to 2023. Cryptocurrency will protect our livelihood in 2023. Bitcoin, Ethereum, all the major and minor altcoins have been preparing to grow for a very long while now... This chart is just another indication, another confirmation that yes, cryptocurrency as a whole will grow. In Q1 2023 and maybe through Q2... Hopefully, who knows. But the first quarter of this year we are looking strongly positive. Take care of everything you need to take care of in order to maximize profits and prepare for what might happen after this bullish wave ends. Namaste.Longby AlanSantana2213
TOTAL CRYPTO MARKET-CAP, Major Formation to Validate Breakout!Hello Everyone, Welcome to this analysis of my analysis on the Total Cryptocurrency Market-Cap at this given watershed moment. As the new year of 2023 emerged the market is moving into a determining formation which will pave the way into a final decision and the developments to be expected in 2023. As inflation and unemployment rates slow down these are macroeconomic indicators that already signal a slightly more positive start into the new year of 2023 compared to 2022 nevertheless it is highly crucial that these developments continue to show better indications so that a major part of the sentiment becomes positive. As when looking at my technical chart now we can watch there how the Total Cryptocurrency Market-Cap is developing several determining formations which will play a crucial role in the final outcome of the market. The first formation which is holding the whole range is this parallel channel marked in blue in which the price action shows up with a consolidated volatility period. The second formation is the major descending channel formation marked in black in my chart. And the third formation which actually forms out of the first and second is the main central descending triangle formation marked in orange in my chart which is in most occasions a bullish reversal formation if it does not invalidate. Therefore, setting all the parts of the technicals there are two possible scenarios for the Total Cryptocurrency Market-Cap, in the first scenario the price action manages to hold within the range building up bullishly and finally showing an initial breakout above the upper boundary of the descending triangle formation, the second scenario is the less likely currently which will show a bullish invalidation with the breakout below the lower boundary and into the bearish zone. In the current situation, it is highly necessary to await the final confirmation before moving on, although the bullish scenario currently has a higher possibility likelihood the bearish scenario can also emerge if bearish pressure increases again. We will await the final confirmations before setting up further conclusions. In this manner, thank you everybody for watching. Let's move forward together. The information provided is only educational and should not be used to take action in the markets.by VincePrince232341
MarketCapAltercoin Marketcap wave count. Already impulse wave has created as seem. Crypto Alter Coin may have created down trend for price Deduction.Shortby PawaraNilanga1
Crypto Total Cap: End of a bull cycle ??This bull lasted 6.8 years and the appearance of a 5 wave down suggests a zig zag happening with wave 'a' about to complete. Given the time spent on the bull phase it is likely we will see the corrective phase ending in 2.5 to 3.5 years .by micchua1
TOTAL - THIS RESISTANCE MUST BE BROKENAs I previously mentioned, this resistance must be broken. This is really important. If you look at the 2018 pattern, it wast able to break it and as a result it went down by 60%. So, for entry, the first step is to wait and see the resistance is broken.Longby Ehsan_13075
TOTAL - SAFE ENTRY IN 2023Welcome to my first 2023 analysis! 2022 was a bloody year, for all of us. We all have suffered significantly. I, myself, didnt expect BTC go down lower than 20k but the FTX tragedy changed everything. But 2023 can be a relief year a bit however we have a long time ahead to start the real bull run. I also believethe the top will happen in 2025. Anyway, I have illustrated the safe entry here. I think technically this is a must to follow. If the above pattern happened (green line), then enter at the pulback ( green dot ). If not, wait for more discount .Longby Ehsan_13076
Q1 Crypto Bear Market Rally IncomingBullish divergence on weekly and hidden bullish divergence on 4 hourly. Final shakeout under and back test of 2018 TOTAL all time high. Rally on Bitcoin dominance anticipated.Longby eloquentplatypusUpdated 14
TotalMarketCap for Crypto (Y23.P1.E1)Hi Traders, You can see why we have support and resistance based on the macro fibonacci perspectives. I still feel that the 0.5 fib is the ultimate goal but who knows, maybe 0.382 as well. I have the red line market based on the previous all time high. Please give me a like and share. Regards, S.SAri by ssari8
📈 TOTAL Market TurnsThe TOTAL Cryptocurrency market capitalization managed to move above the 2022 June low. This low stands at 762B and we are currently trading at 779B. While there hasn't been much action lately think about this... We have more than 6.5 long months of consolidation, exactly what is necessary for capitalization to increase. In the past, while we were hitting new lows... This would happen frequently, over and over, no stop. The drop from November was ferocious and strong. The fact that we've been going sideways for so long is an indication that the next move is more likely to go up... We have many other bullish signals. Back in July, August the bulls where still all happy and strong... The bulls are demoralized now, weak, defeated... They have given up. Once this happens... The total market turns. Namaste.Longby AlanSantana14