TOTAL2 trade ideas
TOTAL MARKET CAP WEEKLY UPDATE! MUST BOUNCE FROM HERE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this Total market cap update. Total market cap is reaching at very important support level.
In the weekly time frame, it is trading inside a rising channel and currently near the lower trendline of this wedge.
Also, a bullish divergence occurs in the weekly time frame. So overall it must bounce from here.
If we break below this wedge then it can dump to $670B that means we see BTC at $28k if this happens. So keep an eye on this level.
Supports:- $960B/$670B
Resistances:- $1.14T/$1.5T
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TOTAL M.CAP UPDATE! BULLISH IN LTF!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this Total market cap update. Total market cap looks bullish in LTF.
It is making a bull flag like structure in 4hr time frame. If it breaks out from this bull flag then we see a good pump in whole market.
Invalidation level:- If any 4hr candle close below $1T then this bull flag become invalid.
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$ALTs MarketCap AnalysisMid-Term: Bullish
Short-Term: Bearish
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The higher the alts market cap goes the more money flows into altcoins besides Bitcoin.
the structure on lower time frames shows bullish momentum with the current 1.06T $ in MarketCap is we lost this level due to weekend low volume i expect we dump into 958B or retest our PML (Previous Month Low)...Altcoins will dump more...money will go to Bitcoin or be in stablecoins.
ALT SEASON about to start?This is the historic chart of the crypto total market cap excluding Bitcoin, on the 1W time-frame. As you see the previous Cycle (2014 - 2017) had two Accumulation and two Rally Phases, with the final (2nd) Rally Phase, being the strong Alt Season that completed the Cycle.
Right now it appears that the market is at the end of the 2nd Accumulation Phase and if history repeats itself then we should assume that a multi-month Alt Season is about to start throughout the majority of 2022. The only way this gets invalidated is if the 1W MA100 (green trend-line) breaks, as this has been supporting during the 1st Rally, 2nd Accumulation Phase and 2nd Rally/ Alt Season in the previous Cycle. Similarly on the current Cycle, it has been supporting since the market came out of its 1st Accumulation Phase in 2020. Fact: notice how on the current Cycle, all phases are longer than those in 2014 - 2017, which is consistent with the Lengthening Cycles theory as the market matures.
Do you agree with this chart? Feel free to share your work and let me know in the comments section below!
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Good time to load up on ALT's or your favorite projectsAs per crypto, Volatility has been quite interesting to watch.
We're headed for hyperinflation due to sh*tty fiscal policy by most governments, I think crypto assets will always have a place.
Floating above the 200EMA, bounced off the trendline nicely and still on course. I honestly think 1T is a good floor price, so much growth for protocols and digital utilization.
It's a new paradigm as they say, power to the people. It would be a good time to load up if you are willing to risk it and forget till 2030.
(Disclaimer, not financial advice, just my opinion)