Fasten your seatbelt to 10T$- Everything is in Graphic and simple ( bubbles and fibo ).
- Upper trendline from 2018.
- This double TOP in 2021 irritates abit but it won't change the future.
- how we go and when we go... i don't know.
- Cryptos are volatile and super fast.
- Where we go... i know.
- Around 10T$ MC.
- if u want to know why CRYPTOS are super fast, i have an easy answer :
- The new generation prefers watch a 30 seconds TikTok Video rather than Youtube 30 Minuts video ! ( think about it and compare to finance ).
- What i bet for the TOP of next bull run ?
- BTC around 4.5T$ MC. (45%MC)
- Altcoins around 5.5T$ MC. (55%MC)
Hodl!
Happy Tr4Ding !
Totalcrypto
Total Crypto While everyone will be looking to go to NEW HIGHS this next bull run.
I would advise caution.
I would recommend everyone watch for these other two scenarios and worry about them 1st.
#1. Quite possibly you see a Lower high in the range of $2t as shown by the first level marked in red line.
#2. I would watch for a DOUBLE TOP on Total.
Until both of these scenarios are invalidated I would recommend paying closer attention to them for your reality on WHEN to take profits vs only thinking about the Euphoric Valhalla ending.
Total Market cap daily wave countingAs it is clear in the chart, a 5-wave impulse structure has been created, probably this 5-wave structure is either wave A or wave 1 of a larger structure.
So now we need the market to complete wave B or 2 and enter correction.
With time analysis calculations, the possible time levels of price return are:
8 Jun
25 Jun
12 Jul
4 Aug
5 Sep
Also, using the Fibonacci retracement, our possible price levels for the retracement end are:
1.022 B
958.50 B
900 B
In addition, with the formation of the head and shoulder pattern, the main target of the head and shoulder pattern overlaps with the second target of Fibonacci, i.e. 958.5 B, so this range is very important for reversal and support.
TOTAL ( Total Cryptocurrencies Market Capitalization) Analysis Fundamental Analysis:
As we know recently India has issued a Ban on the All Private Crypto currencies, mean while few other related nations such as Nepal and Bangladesh are also working on some Ban Draft and that seems could show some Negative impact on the Total Market cap,
but these Bans are very Ordinary and Insignificant since system has tried its best to Ban and Restrict the use of cryptocurrencies on Blockchain for Monitory systems and uses of its byproduct such as BTC or Alts,
we shall see some well Projects to pop up on DEFI which will bring huge Capital to the Crypto ecosystems and Pomp the Total Market Cap in coming years.
there are many inefficiencies on the centralized markets and distrust among the Hedge Funds and Institutional Investors over the current economics' situation, specially post Covid-19 Pandemic where many retail investors are considering the dementalized open market as a well venue to invest and get some Inflation free interests, that can be one of the best reasons to get good attention to the crypto world and again the pomp in the market cap eventually...
Technical Analysis:
We can see the Price is rallying in a Ascending parallels Chanel to which it had already shown some Respects,
There are Total of 4 Targets we have defined with Fibonacci projection of the last bullish cycles i.e. waves.
all targets are achievable eventually by passing the time but we can expect some Correction after each ACHIEVEMENT.
There exist a Support area which has the confluences with Fibonacci Retracement level of 61.8 of the current ATH,
The cryptomarket is just pulling back, chill.well, we hit another high recently, the pull back was coming no doubt proving us that the market is 100% healthy.
it might head a bit lower than 20% at the moment, somewhere around 22% to 23%.
after that the market will head to make newer highs & break another record.
please let me know what you think & also share with me the cryptocurrency you want me to analyze.
like, comment, follow :)