Pullback and growth for the Total2According to the breakdown of the descending channel and its high stabilization, it can pullback the breaking level and then maybe we will have a suitable growth.
TOTAL2 trade ideas
Total 2 - Altcoins minus BTC TOTAL 2 - Crypto Market Cap minus BTC
Three confirmations for bull status
1. Above 100 week SMA (No where close)
2. Complete 149 weeks in Pennant (Dec 2023)
3. Break above Point of Control (POC)
The 2018 - 2020 fractal is overlaid for perspective only
The Point of Control (POC) is the price level at which the greatest number of contracts have been traded within a volume profile (THICK RED LINE).
This line naturally coincides with resistance overhead.
Its important to recognize that the chart is just a perspective that aims at helping with timing an entry with a good potential outcome. With three indicators backing your trade you would have a better probability outcome. So we wait for the three confirmations to occur. Could you be accumulating sure.... but why would you when we are under the 100 week SMA appear to have more time to burn before a Bitcoin cycle really kicks off never mind the altcoins. Its important to recognize also that this chart includes ETH and ETH has been performing exceptionally well this cycle. I will be completing another chart excluding eth in coming days.
I hope this chart helps you time your trade and your positing into altcoins, when the time is right, when we have confirmations and the wind at our back.
PUKA
Important levels and dates for $altcoinsStill think we'll see one push higher before the continuation of the bear market, however, alts may have a capitulation move first.
If we look at Total2, we can see that $484B never got retested as support. So it would make sense that price action would need to test that level before a continuation higher. If it does get hit and bounces off that level, you can see the chart would form an inverse head and shoulders pattern.
I could see a large bounce higher happening after to tag one of the higher two resistances (I lean towards the $800B one).
Let's see if this plays out in the coming months. It looks like this would all need to play out before August.
BTC 20% pump incoming ?!! BTC anaylsis today 💎 Observing yet another correction in the bullish trend, closely following the Ascending line 👀
💎 The price is poised to rebound from the supportive cluster of MA 50 and Ascending line.
💎 Paradisers, it's time to adopt a bullish stance once the bounce is confirmed 📈
💎 Remember, in the fast-paced world of crypto, timing is everything. Stay tuned for more updates and happy trading!
UNI 22% upside incoming ?!! 💎 #Uni has shattered its long-standing support level and the lower limit of a triangle formation, indicating a likely extension of the bearish trend 📉
However, there's a crucial element to take into account. The price discovered support on the descending trend line, coupled with a bullish divergence on the MACD indicator, hinting at a possible rebound 🔼
We're looking at two potential scenarios:
1️⃣ A consistent drop following the breach of the last low
2️⃣ A pullback to the trend line prior to recommencing the downward trajectory
Remember, ParadiseFamilyVIPs, in the ever-evolving crypto landscape, staying informed and adaptable is key. Stay tuned for more updates and happy trading!
DestinyBy observing the stop loss and according to the support between the coins, the probability of TOTAL2 growth is very high considering the harmonic pattern
TOTAL2 Structural Similarities Early point in TOTAl2 evolution is showing similarities to the structure that is forming now on TOTAL2
This may be an indicator that market cap is going to go ballistic like it did in early 2016
Lets see what happens.
TOTAL2 Altcoin Marketcap /This time is different !TOTAL2 Altcoin Marketcap /This time is different, isnt it ?
-350days SMA
-700days SMA (2x)
-1050days SMA (3x)
-1400days SMA (4x)
'' 1-2-3-4-5 ''
Different way but same story
long longFind and buy the best altcoins when it's time for the big pump
i promisse it will happend
follow me and enjoy analysis and take good profit
TOTAL2 - Rejection at .236A bearish idea for TOTAL2 showing a rejection at .236 fib
This allows another trend line to be completed at the same time
Market cap would drop to about 300B as shown with the price label
The REAL Crypto HALVINGWe are going to have a few weeks of down only and there is nothing you can do about it.
Half of the crypto marketcap is going to vanish in a quick tempo before things start looking bullish.
Buckle up!
ALTCOINS - Stay away! It appears that the overall market is experiencing a weakening trend. Suppose BTC continues to decline from its current position; the Altcoin market cap is expected to break below its recent uptrend. This could potentially lead to a significant drop in the altcoin market cap, down to around 300B. Given these circumstances, it may be wise for individuals to avoid investing in ALTCOINS for now and instead wait for more favorable market conditions to emerge.
Note:
The US interest rate has reached the same level as it was during the onset of the 2008 Financial Crisis market decline. This should be taken into consideration. Despite this, on Twitter, someone claims almost every other day that BTC will reach 100k soon. However, in my opinion, this is complete nonsense. Given the current state of the financial market, it's not ready for a sustained uptrend.
TOTAL2TOTAL2
Analysis
TOTAL2 is the total market capitalization of cryptocurrencies, excluding the total capitalization of BTC.
The chart clearly shows the formation of a bullish wedge. This is a technical analysis chart pattern that usually heralds a future uptrend.
📐A bullish wedge forms when the price range narrows and trading volumes decrease.
Usually, the exit from the bullish wedge occurs upwards, with a breakout of the upper trend line. This signals a resumption of the growth trend.
It is worth noting that you need to use additional indicators and analyze the news background to confirm the correctness of your forecast. Always trade responsibly and with a cool head.
If you like the idea, don't forget to subscribe and rate like👍
Total capitalization of ALTsPotential inverse Head and Shoulders, in case of breaking up resistance, we will observe pump and growth in the market
Not a financial advice
ALTCOINS - Bullish Weekly OutlookNow that I have shown you the daily outlook on altcoins in my previous post "ALTCOINS - At Critical Support" Lets take a look at the weekly timeframe.
The weekly timeframe also shows us that we could see a significant rally for altcoins as long as this level holds. The first thing to note is altcoins showed strong buying pressure around the $430 billion marketcap which was the top of our 2017 bull market. Old resistance = New Support.
The next thing to note is our descending trendline of resistance from our high of $1.7 T. We recently broke above this trendline in early April and are now retesting it as new support! If this level is to hold we could see a marketcap of $700 billion or as high as $900 billion!
ALTCOINS - At Critical SupportHere we examine the Total Crypto Market Cap excluding BTC. This shows us the market cap of all cryptocurrencies alternative to BTC. This is an important chart as it gives us an idea of when we might see a mini "altseason". Let me stress that altcoins can be extremely volatile in periods of sideways chop for BTC, but if we are expecting BTC to go up (as stated in my last BTC post" we could see a bid on alts as well.
Right now Alts are at critical support around $560 billion. If this level is lost, alts can lose up to $130 billion as they would be set to test their lows around $430 billion. If alts are to hold this level of market cap then alts could gain around $140 billion bringing us to a $700 billion marketcap (+24%) across altcoins.
CRYPTO projection for 2023Starting from june i think Bitcoin will start going down , and will drag market cap to the downside.
Until february 2024 i think market cap of crypto is going to tap in to that 175 billion region.
Things are not looking good for bitcoin right now , i think bitcoin is going to revisit 30k level and then start plummeting to the downside .
TOTAL2 Elliott Waves Analysis (altcoins)Hello friends.
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Everything on the chart.
Looks like we have correction in form of flat(3-3-5). If markup is right soon we should to see upward movement.
Entry: market and lower
Main target zone: 720 - 780B
cancellation of scenario - 500B
ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
#TOTAL2Well, it got rejected. If it goes above 572.637, you can open a long position at 564.169. Open a short position, but the main entry is below 556.867.
TOTAL2 - Rounded TopA Rounded Top structure on TOTAL2
This rounded top will result in an upward movement once completed within the channel
I have plotted an example upward movement with the bars pattern tool in green
