Follow-up on Altcoins relative value (BTC based pricing)Same narrative as prior posted ideas. Adding more MATIC, LTC, XRP, MASK, UNI, EOS, ZIL, CRO, SUSHI, ICX, FTM. All on the move! OMSLongby Operation_Morning_Star1
Crypto Market Cap: The Next TOTAL Bull CycleCrypto Market Cap ( TOTAL CRYPTOCAP) works hand in hand with the next GOLD: the one and only king Bitcoin (BTCUSD). In the Bullish Idea I posted for BTC, I was saying that BTCUSD will start flying to $250K and + , once the Supply Zone at $10K is met. Bitcoin Weekly: TOTAL (Crypto Market Cap) has the same pattern. So, no matter how many coins and tokens are out there, there is only one king: BTC! In case you're wondering, TOTAL2 and TOTAL2 are moving the same. All eyes on Bitcoin! I am bullish on the Crypto Market, and have good reasons. When the :poop: will hit the fan with the Fiat Markets, the Crypto Revolution will start. Crypto Market Cap ( TOTAL ) Technical Analysis: * Elliott Wave A-B-C Pattern * Harmonic Pattern: Bullish Cypher * Ending Diagonal * Bullish Divergence * Fibonacci Retracement: 88.6% * Demand Zone Good luck my fellow HODLer! Richard, the Wave JediLongby Lionheart-EWAUpdated 999
Crypto Total Cap - Wyckoff Accumulation Bottom (expectations) This is our point of view and it's not Financial advice. We Rolings Capital think that the bottom is very close and Wyckoff help us to find the Accumulation Phases.by krstoyanov_way0
BE READY FOR CHRISTMAS RALLY! BUY THE DIP!!!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this Total M.cap update. Total M.cap looks good here. Breaks out from the descending channel. Expecting a retest from here and that retest will be a good buying opportunity. I'm expecting a good rally in the crypto market before Christmas. Most people are still expecting new lows of BTC but IMO first we might see a short-term rally in the market from here. Expecting BTC to go $19k-$20k from here. Invalidation:- Any 4hr candle close below $770B What do you think about this? Do you also think that we might see a good bullish rally in the month of December or do you think this is just a trap? Share your views in the comment section. Thank You! Longby CoreCrypto1131319
Total marketcap 1 usdtTotal marketcap 1 usdt crypto total market cap 1 day line usdt tether market bitcoinLongby Cryptollica8
Crypto market- Strong signs of a bottom (at least for now)It was a very difficult 12 months for crypto enthusiasts with the price falling 75% on average... However, on the bright side, since the June low, which nicely coincides with 2018 high, bears were unable to make a new low and despite recent problems in the crypto environment, this low is holding for a month now and this, in my book, is a bullish sign. Zooming in to the H4 chart: We can see that after the dip from the beginning of November, the market is trading in a range with a high at around 81 and we can also speculate an inverted H&S with this upper boundary acting as a neckline. That being said, in my opinion, a bottom is in place (at least for now) and I expect higher prices as long as the 75 zone is not violated. The first visible resistance is around 86, however, I expect the market to get back above 1T in the medium term and even to 1.15T strong resistance. My strategy is to find coins with at least 2X potential.Longby Mihai_Iacob4426
CRYPTOS: Time to go towards 0 OR $1m?While Crypto’s reputation has been undermined in the past, the speeches for their lifetime, their real value, and eventually their price, give investors enough ‘food’ for estimating where they could go under the recent circumstances after the collapse of FTX. There are many opinions heard from distinguished economists to big investors who say that Cryptos can go to zero or even $1m (particularly for Bitcoin). The founder and CEO of the investment company ARK Invest, Cathie Wood, impressed with her prediction for Bitcoin. As she said, the leading cryptocurrency will reach seven-figure levels by 2030. In particular, in response to a question during an interview with Bloomberg about whether she stands by her prediction that Bitcoin will reach $1 million in eight years, said she is. Of course, despite stating that Bitcoin will come out of the recession “smelling like a rose,” Wood said investors will feel more comfortable putting money into Bitcoin as well as Ethereum (ETH) once they better understand what’s going on. Technology has bypassed this entire crisis. Bitcoin’s hash rate is at an all-time high, and this is a true indication of the network’s security. In Ethereum, the total value staking is $24 billion. This is an all-time high. So, the infrastructure is working nicely, noted. Billionaire Tim Draper spectacularly revises his prediction for Bitcoin (BTC) to reach levels above $250,000 – a meteoric rise of more than 1,400% from the cryptocurrency king’s current levels, which will make it new gold. As for whether, amid this difficult period for the market, Bitcoin could reach these levels, Draper reveals what he believes would be the catalyst that would fuel a rally to $250,000. And the reason is that at some point you’re going to be buying food, clothes, and shelter in Bitcoin. Therefore, the real power is women. Women control 80% of retail, food, clothing, and shelter spending. In the past, one in 14 women had a Bitcoin wallet in the US, while now the ratio is one in six. And when women realize they can get a discount by paying in Bitcoin, when retailers realize they can double their profits by accepting Bitcoin, the currency will move pretty quickly to new highs. Even if the value of Bitcoin doesn’t go to zero, there is a serious possibility that the cryptocurrency industry will start heading towards oblivion, says Paul Krugman in an article in the New York Times. Cryptos reached the height of its popularity last year when Matt Damon’s ‘Fortune favors the brave’ commercial – sponsored by Singapore-based exchange Crypto.com – first aired. At the time, Bitcoin was the most famous cryptocurrency worth over $60,000. Bitcoin is now trading below $17,000. So, people who bought after seeing Damon’s ad lost more than 70% of their investment. In fact, since those who bought Bitcoin did so when its price was high, most investors in the currency — about three-quarters of them, according to a new analysis by the Bank for International Settlements — have lost money so far. On the other hand, the Economist’s analysis concludes that although fewer people will use crypto as a result of FTX’s collapse, it’s very hard to imagine that number will be small enough to nullify its value. Also, If only everyone would stop using it the cryptocurrency market will be zeroed out. But what would have to happen for everyone to give up? Pulling the rug out from all this edifice is extremely difficult, and the current high value of bitcoin and Ether makes it even more difficult. To attack a blockchain and shut it down, it is required to gain control of 51% of the computing power or the value of tokens staked to verify transactions. The more valuable the tokens, the more energy it takes to attack a proof-of-work chain like Bitcoin, and the more money it takes to attack a proof-of-stake chain like Ethereum. The security of these chains (blockchains) – as measured by the amount someone would have to spend to attack them – currently ranges between 5 and 10 billion dollars. It would take either a government or an extremely wealthy individual to carry out such an attack. And even if Elon Musk was in such a mood, he seems to be a bit busy at the moment. If one takes a closer look at the system, one will notice that most of them, except for Terra-Luna, are in the “on top of” category and not on-chain technology. DeFi exchanges and lending protocols continued to flounder even as businesses that looked more like normal businesses collapsed one after another. But the collapse of these businesses could compromise the underlying technology, removing chunks of its value, making blockchains more exposed to would-be attackers, and prompting miners or stakers to disable their machines. The value of on-chain activity and tokens is self-reinforcing. The more people use Defi, the more valuable Ethereum becomes. The higher the price of Ether, the higher the barrier to attacking the blockchain and the more confidence people will have that these chains will endure. This works the other way around too. The more people avoid encryption out of fear, the less secure it becomes. The total market capitalization of cryptocurrencies today stands at $820 billion. That’s 70% below the peak a year ago, but still high compared to most of crypto history. It’s higher than early last year, for example, and any point before that, including the peak of the 2017 bull market. From Elliott wave perspective, we are observing two different interpretations for the Crypto total market cap chart, however, both counts suggest that support can be near, at least temporary one. On the first count, we are tracking an A-B-C correction, where final wave C can be now in play, sitting at important 2017 highs and equal wave length A=C. In the secondary count, there’s a chance for a five-wave drop into first leg A of a bigger and deeper A-B-C correction, but even this count indicates for a corrective rally in wave B, as we see it trading in final stages of wave (5) of A. Ideally, we will see a reversal in 2023, but support for a fifth wave based on Fibs can be at around 400B. That's still far away, so be carefully with these assets. It’s still a bear market after-all.by ew-forecast3313
Reaction Rally on the TOTAL?Since the DXY opened on Sunday we've seen a large amount of volatility in the cryptocurrency markets. Our TOTAL market cap has been fluctuation within about 3.5% and it doesn't look like we're settling down in any specific range at the moment. My green boxes are areas of major confluence in past price action and red are resistance of the same. Does this breakout over the KC mark the start of our intra-week reversal and continued move down? I'm currently short on APE, but still very bearish on the markets. My montly finance report comes out in 3 days!Shortby WatsonsView2
TOTAL at Trend ResistanceTotal almost hit $1T today. Maybe one more attempt? I do not see total overcoming the descending trendline at this time and closing a daily above $1T. Perhaps another low to support between the $600-$700B range to complete C and Accumulation Test/Spring before the next breakout and bull run. Good LuckShortby peterbhcUpdated 559
CRYPTO MARKET UPDATE Total MArket Cap Forming Descending Broadening In Daily Tf If Its Breaks To The Upside We Will See Massive Bullrun We Just Needs To Wait Patiently For Perfect Entries Im NOT Going To Enter Before Breakout In Anycoin Will Try TO Catch After Breakout This Is Not A Financial Advice Longby Worldofchartsfx5
Technical analysis of major crypto currencies Nov 28 – Dec 4Last week in the news Markets were traded in a mixed manner during the previous week, in expectations of US jobs figures which will be posted in the week ahead. On the other side, the crypto market was in the same mood, but due to expectations on news related to the contingency of FTX collapse. Bitcoin ended the second week above $16K, while Ether was traded flat at levels above $1.2K. The price fragility remains under pressure from the fundamental news. FED's Minutes of the meeting from the latest FOMC meeting revealed that the majority of the voting members were on a side that FED should slow down with the level of rate increases. At this moment, markets are expecting that FED will increase rates further but for 50 bps in December, which is a slowdown from previous 75 bps. The news was welcomed on the markets, as both equity and the crypto market reacted positively. The FTX collapse remains the main topic in the news and the crypto market for the second week in a row. Fragility of prices remains under huge influence of news related to the contingency of the FTX collapse. Voyager Digital, which filed for bankruptcy in July this year, entered into new problems, as the American unit of FTX was supposed to take over the troubled company. At this moment Binance confirmed, with few other crypto firms, that it is preparing to take over Voyager Digital. Binance CEO, Changpeng Zhao, commented that Binance introduced a fund of total $1 billion aimed to support companies in trouble in the crypto industry. CNBC is reporting that several Democratic lawmakers in the US requested from the Senate Banking Committee to ask the federal regulators to oversee crypto trading activities of the bank SoFi. The rationale for such an urge is their opinion that SoFi represents a threat to investors. Their fears are increased considering a significant meltdown in the crypto industry during this year and increased number of companies in default. On the other hand, SoFi bank reacted to these statements, noting that it is fully compliant with the regulation currently in place in both their banking and crypto units. After Bahama`s authorities seized assets of the failed FTX, news is reporting that Turkey's authorities did the same for the FTX unit in this country. As it has been reported, the failed exchanger is currently under investigation in Turkey for “antecedent crimes and laundering”. Ardana (DANA), a DeFi project based on blockchain Cardano was halted, as it has been officially stated on Twitter by the company. The company stated that the project has been halted considering issues with funding and “project timeline uncertainty”. Crypto market cap The total crypto market capitalization was relatively flat during the previous week, with quite shy recovery of 1%, adding $4B to its market cap. The modest positive impact comes from released minutes of the FOMC meeting, where it has been exposed that the majority of FOMC voting members expressed the opinion that the FED should slow down in the future period with its increases of interest rates. It takes time until the monetary measures reflect into the real economy, while current levels of interest rates are already giving results in halted inflation levels. Inflation is still high, but further strong increases in the FED's rate, might start to seriously damage the US economy, which would not serve to benefit the monetary goals of a stable economy. This was positive signal for markets, however, concerns over contingent of the FTX collapse are still point of high risk for the crypto market. In this sense, daily trading volumes continue to be low and were further decreased during the previous week, from $66B down to $59B on a daily basis. Evidently, investors are still on hold. Total funds outflow from the beginning of this year remained flat at level of $1.390B, which is a decrease of 64% on a yearly basis. The absolute leader of the crypto market during the previous week was Binance Coin, with its significant recovery of 14%, adding $6B to its total market capitalization. Certainly, the coin was supported by the fundamentals around Binance`s potential takeover of Voyager Digital. On the other hand, BTC performed relatively flat, losing $3B or 1% in value. ETH`s price was flat without any significant change on a weekly level. In relative terms, altcoins with good weekly performance were Litecoin and LINK, which managed to increase its market cap by 20%, both. In this group of altcoins also belongs DASH, with an increase of 18%, and Solana, with a surge in price of 11% on a weekly basis. On the opposite side, one of the highest weekly losers were Algorand, with an decrease in market cap by 18% and Uniswap with a drop of 6%. As for coins in circulation, a significant increase had LINK of 3.3% compared to the previous week, Filecoin, which added 1.1% to coins in circulation, while Tether had a drop of 0.9%. Crypto futures market The crypto futures market was traded flat during the previous week. Investors are still on hold, which shows official data. The number of contracts significantly decreased for the second consecutive week, where asset managers account for 31% of long positions on CME, compared to 43% a week before. Asset managers are also reducing their long positions in BTC. During the previous week the prices of BTC futures remained flat compared to the week before, where futures maturing as of the end of this year are still holding at $16.2K, while December 2023 was modestly down to the level of round $17K. As for ETH futures, they continue to drop in prices, between 2% and 3% previous week, with December this year still holding above $1.1K, while December 2023 was down by additional 2%, ending the week slightly above $1.1K. Futures prices for both coins continue to be traded with a small price range for all maturities, implying that investors are still on hold when it comes to the value of coins within the course of the next year. by XBTFX1
market capwell it seems that market cap is moving in a descending channel and has reached the top of the channel and there is a high chance to fall from here to 700 and may break down the channel to lower targets.Shortby ehsanebi778
CRYPTO TOTAL MARKET CAP - $7T by 2025Bitcoin is a classic liquidity measure. Prices have changed. But the fundamental need for crypto hasn’t. Nor has the core technology, which is only growing stronger . Would like to see Inflation Topping out , Short rates to drop, Bond yields drop, Stock Market Bottom Formation and commodities to lose strength before Pulling the Trigger . Longby NV_Cryptonian115
LTC Litecoin - big break out starting of something greater?Explosive move from LTC. Do you belive LTC-move will be the first move that flip the market sentiment to more bullish. Well in that case, don't leave the market. LTC break the weekly trend (retest and shorting opportunities coming). Will the Total Market Cap follow. Shortby TaTaTaCrypto2
Crypto TOTALThe Markt doesn´t look very good, I am very pessimistic about the further course. Shortby BreAmir1
CRYPTO week ahead: November 21 – 27Last week in the news Markets were traded in a mixed mode during the previous week. First part of the week was much more positive from the week-end, when markets closed lower. Analysts are stressing that it was a market readjustment based on the latest comments from FED officials on CPI expectations. The crypto market continues to be under the influence of FTX collapse and also had a mixed week. Major coins traded lower. BTC is finishing the week modestly above $16K, ETH is still holding above $1.2K. The scandal over the crypto exchanger FTX continues to be the main topic in the news. Currently contingent spread is the main concern of investors on the market. It could not be estimated exact impact, considering that many large names on the market had exposure toward FTX. Shares of the crypto bank Silvergate Capital, dropped sharply during the week, due to market speculation that the bank could be exposed to FTX. The CEO of Silvergate bank tried to assure investors that the bank has sufficient liquidity, but it was without effect. Large pension fund in Canada, Ontario Teachers, announced that it will write off $95 million worth of investment in FTX. Price of Grayscale Bitcoin Trust shares were down by 43% relative to the underlying BTC price, after the announcement of its owner, Grayscale Investment, that they would halt customer withdrawals in case that similar situation occurs as with FTX. On the other hand, Cathy Wood`s ARK Investment was not concerned much about such statements, since the fund purchased additional 315.000 shares of GBTC. In an interview with CNBC, the General Counsel of Ripple, Stuart Alderoty commented on the company's expansion outside of the US, noting that the majority of its income is now originating from outside the US. For a few years now Ripple has been in legal dispute with SEC defending the stand that XRP is not a security. In the meantime, the company expanded its operations outside the US, currently seeking a virtual asset service provider licence from Ireland authority. With this licence, Ripple is hoping to pass its activities to the rest of Europe. The CEO of Input Output Global, Charles Hoskinson, announced during the previous week that the company is planning to release a new blockchain, named Midnight, with a token called Dust. IOG is a company behind Cardano, while the Midnight blockchain is supposed to deliver zero-knowledge-proof smart contracts. During the week, president of the European Central Bank, Christine Lagarde, commented on the possibility for the ECB to continue to raise interest rates, even if such moves would push the EU economy into recession and slow down economic activity. Economists are noting that the current 1.5% level is neutral. This comment comes after the inflation in the EU zone is hitting historical heights at 10.6% y/y with its further estimated growth during winter months. Since this is far away from 2% ECB`s targeted level, there are not many other options for ECB, except to hike further interest rates in order to reduce its balance sheet. Crypto market cap After a shocking week of the FTX collapse, which led to a significant drop in prices of all digital assets, markets were trying to stabilise around current prices. However, there is still great fear of investors regarding the contingent effect of FTX on other major players on the market, which is the main reason why investors are still reluctant to enter into positions and push the market to previous levels. Total crypto market capitalization decreased during the previous week by an additional $20B or 3%, leading to total crypto market capitalization drop of little less than 25% within a period of two weeks. The drop was again led by the major coins on the market. At the same time, daily trading volumes significantly decreased, down to the level of $66B on a daily basis, from $152B traded during previous week. Evidently, the market is waiting for the dust of FTX collapse to settle down, in order to choose the trading side. Total funds outflow from the beginning of this year was further decreased to the level of $1.394B, which is a drop of 64% on a yearly basis. Major coins on the market were leading the last week`s drop, while the performance of altcoins was in a more optimistic manner. BTC, ETH and BNB were participating with 64% in the total market cap drop of $20B. ETH for one more time was leading the market with a drop in cap of $7.2B, which is a decrease of almost 5%. BTC was following, with a drop in cap of $4B or 1.2% on a weekly basis. BNB was down by 3.5% or $1.6B. It was also interesting to see that Tether lost a significant amount of $1.5B or 2.2%, for the first time after the Terra collapse. In relative terms, the highest losers of the week were Solana, with a drop in market cap of 14%, followed by DOGE, who decreased its market cap by 7.2%. Among coins which managed to finish the week in green territory were Litecoin, with an increase in market cap of 6%, Monero, which surged by 5.6% and Algorand with an increase of 5.5%. Quite positive developments were with EOS, a coin which increased its cap by 7.8% and also increased its coins in circulation by additional 7% w/w. Filecoin continues to increase its circulating coins, adding 1.4% during the previous week. Crypto futures market In line with the spot market, the crypto futures market continued to trade lower during the previous week. BTC short term futures were traded modestly higher by some 2% on average, still holding modestly above $16K. Futures with maturity in December this year finished the week at level of $16.2K. Still, longer term futures lost between 7% and 10%, with closing price for December 2023 at $17.1K, lower from previous week`s close at $18.1K. Negative expectations were also dominant for ETH futures. Short term maturities for ETH were closed by some 3% lower, dropping below $1.2K. Much higher drop was with longer term futures of some 10%, with December 2023 finishing the week at $1.1K. by XBTFX2
Total Crypto cap vs non BTC vs Non BTC & ETHAll #cryptomarket Total Vs #crypto minus $BTC Total2 Vs minus #BTC & $ETH = #altcoins Total3 Things to notice: Jan 1 #Bitcoin began to weaken (look @ sell volume in that time frame) vs others #altcoin are much weaker now - Look @ blue linesby ROYAL_OAK_INC0
Another $500 Billion Could Be Wiped - Crypto Loses the 200 Week In May, 2022, I wrote about how I thought the TOTAL crypto market cap could head down towards the $760 Billion level (all-time high from 2017) when it was still well above $1 Trillion. Here is the original post: Here is another post I wrote back in April 2022, when Bitcoin was still flirting with $40k. In this post, I wrote about the "death" of Bitcoin, which I began to see as a real possibility this time. You can read my reasoning there, since I've grown a bit tired of writing about it: The TOTAL market cap did indeed drop to that level. Right now, it flirts with it at this very moment, hanging on by a thread. Two things to note: 1) Bitcoin dominance is still near historically low levels. Bitcoiners are hoping the FTX calamity encourages people to trust only Bitcoin self-custody. However, we aren't really seeing this. If so, Bitcoin would be heading up and other coins rife with lending shenanigans (such as ETH) would be dropping. The situation is more complex than that, and it requires some rational thinking to understand why people are not just piling into Bitcoin, and likely will not. Here is the dominance chart. I think it's fairly likely we see it rise towards 60% in the coming weeks due to continuous deleveraging. 2) The 9 week EMA is crossing over the 200 week Moving Average (teal), while price sustains below both. The TOTAL crypto market cap really needs to sustain above $1 Trillion for me to consider any significant upside. As it is, it's hanging on barely to major support with room for downside momentum on the MACD and oscillators. So for now, I must continue to consider downside. I think it's possible the "real" move has not occurred yet. We've seen a consolidation of stablecoins and a bunch of exchanges offer "reassurance" to their customers in the wake of the FTX collapse. Now, the title of this post seems pretty extreme, right? Can crypto really return to $230 Billion with all that money supposedly waiting on the sidelines? I think yes - mostly due to liquidity, and a negative feedback loop. I think a lot of that money won't return, and it's unlikely new liquidity will be generated that can flow into the space at the rate we saw in 2020-2021. Crypto has just has its true "dotcom" or "2008" moment. The problem here is that there are no crypto-related companies that provide anything of true value. Again, this means that if the market ceased to exist, the world would hardly be any different, except maybe El Salvador would be in a bit more trouble than they already are. Collectors enjoy NFT's, but I think those are unlikely to see the astronomical values they once saw during the last bull market. One simple conversation is also all it takes to derail the value proposition. What does another $500 Billion wipeout look like for Bitcoin and Ethereum price? Well, Bitcoin would probably be back below $10k, and Ethereum below $500. Stablecoin liquidity would dry up as investors pull out to cash, and a lot of these "reserves" go up in smoke. For instance, I wonder what will happen with Genesis and Grayscale this week. To be honest, I'm not really enjoying writing analysis so much at this time. Maybe it's because it's not particularly satisfying after all, to get it right. That's probably a good thing. I can just focus on getting my book finished and working on my fiction projects. Maybe it's also that work has been exhausting. Regardless, I still try to make a few posts here and there. Even if I don't write much more on here, there's plenty of content to read, and I will be finishing that book. As always, this is highly speculative, and should not be taken as financial advice, nor is it intended to be so. Let's see what happens! -Victor Cobra Shortby VictorCobra4422
MarketCap of Cryptocurrencies except stable coins (TOTAL-USD)ℹ️ This is the total market capitalization of cryptocurrencies, excluding major stable coins (USDT, USDC, BUSD, DAI, GUSD, PAX, SUSD, USDK, EURS). 🟢The chart indicates a possible bear trap. However, to be confirmed, the index needs to break through the resistance shown in the blue region above to have an upward confirmation. If that happens, the LS Volatility Index is expected to drop to zero, indicating an approximation to the 21 moving average. 🔴In a bad scenario, the marketcap can reach new lows, possibly reaching the next Fibonacci level. In that case, the LS Volatility Index would rise to 100, indicating an even greater deviation from the 21 average.by andre_007223
Elliot 🌊 on Crypto market's capAs you can see, we're in the correction of wave 4,the next cycle will be big and biggest crash coming after that! Longby ArthurZx3
Downtrend StartedToday we are seeing some bullish relief on the Daily, but the Monthly and Weekly total crypto market cap is pointing down from overbought on the stochastic. As well the weekly and monthly are both red (yellow in my case). Would advise to only be doing long scalps if trading today and be aware that you are trading against trend and is potentially very dangerous without stops in place even for spot. On the longer timeframes we should see some big moves down to mid 20s for btc. And I would suspect we see some major relief from there, but then still one more trip down to grab liquidity before the markets start to move up in any significant way. I'm suspecting stocks will also gap down again this morning as they did yesterday and dxy to show some strength.Shortby EldalUpdated 333
$TOTAL Crypto Market Cap. (10 YEAR OUTLINE)$TOTAL Crypto Market Cap. (10 YEAR OUTLINE) Let us look long term! I have been charting a bit... This seems like a possibility to me. by CryptoBoj3