The road to $6T Crypto Market Cap 2022 MayThe road to $6T Crypto Market Cap 2022 forecast; On the 27th July we got further confirmation from the swing call script. We expect this move up to new ATHs to happen in 2 main push phases, the first a break above the 127.20% Fibs towards the 161.80% Fibs @ $3.985T. We can expect to reach the first target by eoy 2021/start of 2022. This may not be a as straight forward push as 2 push phases but several impulsive push phases with periods of accumulation and distribution maintaining bullish sentiment.
Cryptomarketcap
Macro analysis of the Crypto market in relation to equities/DXYIn order to go long:
I want to see COINBASE:BTCUSD push through the .5 fib convincingly as well as test that incoming pitchfork after yesterday's doji candle. You can see that I have overlayed BTC shorts on the same chart. They were inching up earlier, but have resumed the floor it's been testing.
The AMEX:SPY seems confused going into the weekend (won't let me tag ES). Holding 4093 which was a major support this week, along with 4085, even though the waters were tested this AM in the futures market. The Overnight Reverse Repurchase Agreements on the bottom show that the Treasury is not done and supporting this market heavily still. If equities can hold off from dumping, we may see the Crypto Total Market Cap test it's Spring highs this upcoming Winter.
Right now that CRYPTOCAP:TOTAL is meeting resistance around 1.5T. The DXY has rallied slightly off COMC news on Wednesday that inflation is still transitory, despite missing projections. If we can see the dollar lose some strength here we would see the S&P rally like we saw from Nov-Feb as well as in April, which would be fantastic. We can see the BTC.D is rising and it is yet to be seen if BTC.D will bounce off of 50%. If BTC.D can rage along with the Total Crypto Market Cap, I expect alts to be okay and BTC fomo to take place. Idiots that are holding too many alts and bought all the alt dips after purchasing the top will probably get burnt and I wouldn't be surprised to see something similar to what we saw around Thanksgiving 2020 when the Crypto market sold off prior to it's massive growth in late 2020 into early 2021.
Lastly, pending the EIP1559 upgrade on Aug 4th, I projected a price of 2500 a week or so ago on COINBASE:ETHUSD (not on here, but I don't really give a damn - that's still my target). I expect volatility that day and for many traders to take this upgrade as a "sell the news" opportunity. However, if BTC breaks through the pitchfork as I alluded to in the first sentence, this 2500 target may be smashed through and CRYPTOCAP:ETH.D might give BTC.D a run for it's money if the news really picks up on it. I would love to see 1559 force ETH to challenge previous ATHs, but we will have to wait on the market to open Sunday, in addition to what Crypto has in store for us over the weekend. For awhile, the only thing certain was a crypto sell-off during the weekend, but last week the market really recovered into what we have at the moment.
Crypto marketThe crypto market has been squeezed for 2 months now, with selling pressure coming to an end we should see a run-up soon close to the ATH. The Tot market cap will reach 2.13 trillion ish in the next couple of months. Everybody will shout the resume of the bull market...unfortunately that won't be the case unless the momentum is extraordinary. If we look at the previous corrections, they all follow the Elliott Wave principles, whether they were flat, zigzag etc, they all hit the target perfectly before resume the bull market so we can expect this time to be the same. The market will bounce now to then fall steeply around august to 800 billion (BTC will reach 22K)...here I suggest you shop all your crypto because then we will have a massive pump to reach 6 trillion at least (BTC will reach 180k). Now if you look at the black res and supp lines (horizontal) they all correspond to ultra-high volumes, these are where smart money have sold or bought with aggressiveness. Make sure to assess the market as we move forward and adjust things in real time (be extremely cautious when BTC will hit 58 k as high selling pressure will enter the market) These will all present support and resistance area. For in-depth details please do not hesitate to comment.
TOTAL CRYPTO MARKET CAP So my previous ideas about BTC, ETH, DOGE ETC were correct. And if this is your first #cryptocrash, expect a lot more price drops. The overall trend looks down (as shown in the chart)
Lengths of previous #Crypto bear markets:
2014-15: 633 days
2017-19: 361 days
2019-20: 260 days
#MyTwoCents
Thoughs on $BTC and total crypto marketWhat a run the last couple of month's, who followed me on here knows i've not been sharing any analyses for a long time. that's because I didn't feel the need to do it, we we're in full bull run and I was enjoying my gains.
buy since 3 weeks I was cautious in the market and it was justified.
Bitcoin had been flirting with the daily 50 MA for a while and so in the 55-58k range I sold a large part of my portfolio because I didn't trust it anymore. what turns out I was right on top and a 50% correction happened not even a few weeks after that.
Are we still in a bull market?
I think technical analyses can't say much at the moment, the market is so volatile.
Personally I think we are still in a bull market as the market sentiment is positive and the 'hype' of crypto is still going on.
Market manipulation?
Yes, the markets are heavily manipulated right now. never before have so many leverage traders been shorting causing us to get an unseen dip on multiple altcoins pairs. This is in my opinion very dangerous and can cause violent influence on the market as we see in the last few days. also, this can cause a kind of catapult effect that the market can recover in a few days/weeks as well.
When in doubt, zoom out on the charts and look at the road we've made!
Guys, let me know what you think will happen in the future with crypto,
i'm very curious to know your opinion and maybe have a discussion about it.
AltSeason Final Rally Coming SoonThis drop and fractal looks almost identical to the drop that happened just prior to the 2018 final run up for most Alts. Whale alerts are showing a lot of ETH still being bought on this dip, but not seeing a lot of stablecoin moving to exchanges just yet. I'm trying really hard to sell at the top for alts, and I sure as hell hope I didn't miss it. But the charts are telling me we've got one big wave up (at least) left. I know a lot of people are calling for a bull run all 2021 long, but I think this is highly unrealistic.
I, like everyone else, have had the urge to get shaken out of this crash. Looking at the Totals market cap is providing me some peace of mind, and I hope this idea can do the same for you if you're struggling with a decision.
I am surprised to see just how many whales have bailed so late in the drop, but I guess being loaded doesn't necessarily give you diamond hands.
👇👇👇👇Join the discussion👇👇👇👇
Total Crypto market cap update...update on my last analysis for the whole crypto market cap.
formed double bottom, ran up, some consolidations on the way but finally broke ATH once again heading for the 72% target at around 2.9Trillion area.
the entire market is still healthy & heading higher as of this post.
please like, comment below let's share ideas. thanks all.
ALTCOIN MARKETCAP 🪙Hey hey my friends 👋
If you have some altcoins in profits that you're happy with, we would consider closing most (if not all) once this reaches the top trend line, lock in them profits baby! 🔐
DO NOT worry if this continues higher, we will re-enter positions that are strong on the re-test of the breakout..ALWAYS HAVE A PLAN..this is ours & we win ✅
Crypto market capI see the trend of the market ascendent for now, but as you see it breaks down from the channel so ganna falls forwards to Support lines. IF the market keeps growing up it's good for both BTC and alt traders. Holders have just to hold. bad and good fundas are important on these days.
!!BEARISH ATTACK!!Greeting from IRAN to all trading community 💙✔
Total market cap was moving through an ascending channel since 24th March
After a while of struggling, 1.8T dollar major level got broken and total market cap started an attack to reach 2T dollars
2T dollars got broken and green days came for cryptocurrency world
Total market cap has reached a new ATH (~2.2T Dollar) , after that we witness two other attack to this level which both was unsuccessful
Price made a (Triple Top Pattern) and BOOOOM
Bears got control of the market and dropped the chart to its major support level at 1.8T Dollars
It's time for bulls to bring back the market cap above the 2T Dollars
Use these RED DAYS for investing because better days in on the way ....
KEEP IT SIMPLE :)
Crypto Market Cap - $32 trillion in range! Gold in danger!It took the crypto market 12 years to achieve $1 trillion market cap on 6 Jan 2021 (BTC was launched on 3 Jan 2009).
How long did it take for us to double that to $2 trillion? 3 months (6 Jan to 10 April 2021).
What does this tell us? We are going exponential and this ride only started. Massive adoption is taking place at an unprecedented rate.
The first big question was if this large wedge in blue that we have created since Jan 2021 would break up or down... well, we have our answer now. We broke up and with it, we passed the $2 trillion market cap. 🙃
This is a very bullish signal given by pure price action. There is no fundamental analysis needed here, price is clear. We are going higher and fast.
At this rate another doubling of price will take us to $4 trillion or almost HALF the market capitalization of gold or three times that of silver!
Lets see how fast we double again, normally it should be in less than 3 months...
Where am I getting at? If we are to project a similar increase percentage wise like last bull market (2015-2018), the crypto market should top around $32 trillion. Impossible most will say. I think it's just a matter of time, if not this bull market, the next for sure.
Regardless, this is a clear indicator that BTC and the alt market have massive gains still to be had, so enjoy the ride, this party ain't over, it just started baby. The parabolic gains to come will make history.
Like and follow if you liked this idea! Also join my crypto community to stay in touch!
$XRPUSDT Ripple PT 2 and higher XRP Doubles in 7 Days, Heads for Biggest Weekly Gain Since December 2017
XRP, the digital token used in Ripple Labs’ payment network, headed for its best weekly performance in more than three years, after doubling in the past seven days.
Prices for XRP (XRP) are up 118% in the seven days through April 11, according to TradingView, using pricing from the Bitstamp exchange. That’s the biggest weekly gain since December 2017, when the token jumped 215% in a seven-day period.
XRP struggled toward the end of 2020 as Ripple faced allegations from the U.S. Securities and Exchange Commission that executives raised more than $1.3 billion through an unregistered, ongoing digital-asset securities offering.
But prices for the token have climbed six-fold this year as some traders looked through the SEC case and analysts saw bullish patterns in price charts.
Peter Brandt, an analyst with over four decades of experience tracking commodity markets, predicted last week that new all-time highs could be seen for the cryptocurrency in the coming months. Brandt identified a pattern in XRP’s weekly price chart that he described as a “possible inverted head-and-shoulders with a stunted right shoulder.”
The pattern “would indicate prices a boatload higher” to new all-time highs, Brandt, CEO of Factor LLC, tweeted Friday.
There’s a wide range of views on how to calculate XRP’s market value, due to questions about the outstanding supply of tokens.
According to the CoinDesk pricing page for XRP, the token has a market capitalization of about $140 billion. CoinMarketCap.com puts the “fully diluted market cap” at $140 billion, but the actual market cap at about $64 billion. Messari, the cryptocurrency analysis firm, puts the “reported market cap” at $52 billion.
Altcoin market cap analysiswe have been seeing altcoins and altcoin adoption grow rapidly since last year, I believe this year and altseason we are just beginning will be even greater than the first one back in 2018! we saw a 917% increase in market cap in 2018 and i think we are definitely going to see an altcoin market cap of 1 Trillion atleast! Because a lot more retail investors are interested in Altcoins rather than bitcoin and because this year and last year had the biggest increase of new crypto investors ever. 1T market cap seems very doable and i see that as conservative, once we do hit 1T which will be a massive milestone, i think we would see a lot of people, companies, institutions start to look at altcoins and realize the potential they have. That alone i think will send us even higher most likely to 1.5T and beyond! a rise to 1.5T would bring us a total 1096% gain and aprx 530% gain from right now. Nfa just my opinion!
Chainlink $LINKUSDT Target PTs 35-100 long term Chainlink Price Forecast: LINK primed for a 30% advance
Chainlink price struggling with short-term resistance at $32.00.
Whale transaction count registered a spike on April 2.
Topside trendline comes into play around $42.40.
Chainlink price trended sideways for more than a month and on below-average volume every day, but one. The price action in mid-February, early March, and now point to $32.00 being a psychologically important level. If the level is overcome, the altcoin should rally more than 30% in the coming days.
Chainlink price bottoming out versus Bitcoin
Data from ByBt.com shows that Grayscale bought 115,570 tokens for the Grayscale Trust from March 17 until April 1, which included a large 65,570 purchase last Thursday. Heavy buying like that gets the attention of market participants and may have been behind the 8% on April 2.
Santiment data showed that the number of mid and large holders owning 100-100k LINK tokens notably accumulated during March. Additionally, the so-called whales holding 100,000 to 1,000,000 LINK tokens increased 6% from April 1 - April 3.
The March high was $32.00, and that is the level that LINK has been struggling with over the last few days. A trade above $33.15 will confirm the April 2 breakout and set the stage for a quick advance to the February high at $36.92. The next target is the 2.618 Fibonacci extension of the August 2020-September correction at $40.53.
A 33% gain would accompany a rally to the topside trendline at $42.51, which was resistance at the February high and resulted in a rapid 40% decline. For now, LINK should not be reviewed as a trend trade but a short-term opportunity.
The first level of support is at the intersection of the rising trendline and the 50-day simple moving average (SMA) at $24.83, followed by the February 23 low at $21.00. The last gasp support level is the August 2020 high at $20.00.