TOTAL3 Worse Case Senario!This Analysis is Just the "Worse Case scenario For TOTAL3, Just Be Care!
Notice: This Is not Financial Advice
TOTAL3 trade ideas
TOTAL3 Update - Sep 13 2024#TOTAL3 perfectly followed previous analysis and had an upward move towards 565B - 580B zone during this week and many altcoins had at least 15% - 20% pumps.
TOTAL3 is currently in a resistance zone and its reaction to this zone must be observed carefully, if the current initial bearish signs get stronger, we'll have to look for sell setups in altcoins.
Total 3Total 3 is the market cap of all altcoins minus Bitcoin and Ethereum.
So I have a question to ask you trading view.
Would you like some coffee?
TOTAL3 on the verge of a massive breakoutThe altcoin sentiment is in the gutter, FUD everywhere, everybody is calling for "recession", including the stock market. Perfect conditions to turn the ship around and blast off to new highs and leave sideliners angry.
Historically, squeezing Boilinger bands point to a big volatility move after consolidation. Let's see how this play out.
TOTAL3 MARKET CAP TOP 2025Hello
With a Fibchannel drawn shows the bottom near in altcoin market, starting soon to incredible fly to almost 3 trillion market cap top in period May-June maximum.
Very bullish times , short period time lasting, start around the corner.
ALTCOINS: Time to convert some Bitcoin to alts.The Altcoin market has been noticeably underperforming against Bitcoin since almost the start of the Bull Cycle. Even though both are currently testing the support level of the 1W MA50, Alts (left chart) are closer to the 0.618 Fibonacci level of the prior ATH, while Bitcoin is closer to the 0.236. The lagging tone was set since January 2023 when Bitcoin crossed over its 1W MA50 and formed a Channel Up while Alts stayed under the 1W MA50 and formed a Channel Down. Later the Bitcoin ETF euphoria and then its acceptance, naturally helped Bitcoin more (capital inflows) than Alts.
This is not the first Cycle where we see alts lagging, the underperformance was evident in both 2019 and 2020, with Bitcoin trading considerably higher than the 0.5 Fibonacci level, while Alts traded under.
This underperformance though is an opportunity in disguise and it may be time for investors to convert some of the Bitcoin gains to alts for greater profit % in 2025.
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Altcoins market chart Looking at the chart, we are currently at a critical juncture. The price is sitting right on a multi-year trendline, which coincides with the 21-month EMA, making it a strong support zone. Historically, this combination has often led to a bullish bounce. If you've been waiting for the ideal time to enter the market, now could be the moment, as we are at a key support level. However, if this support and the 21 EMA are lost, it would likely signal the onset of a bear market. Until then, it's a favorable spot to consider going long.
#Altcoins second phase (mega bull phase) has always been epic!what is total3 ?
It is an index that measures
the total crypto market
capitalization excluding
Bitcoin and Ethereum.
TOTAL3 update - Sep 08 2024#TOTAL3 followed previous analysis and started to drop from the vicinity of the 630B zone and crossed below the support zone of 565B - 580B .
520B area was a demand zone which was touched on Friday. it seems TOTAL3 is heading for a retest of the broken zone of 565B - 580B meaning that altcoins are going to have some upward move during the upcoming week.
We are in the most critical period for altcoins.There is a gap and pins that can be filled in the middle term.
There is also a nice falling wedge can be break up any time. Above 0.5 is bullish for me.
I showed other important levels on the chart.
A possible new downtrend wave would be a good buying opportunity for me.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
TOTAL3Analysis for TOTAL3/USDT: Weekly Timeframe 📊
The chart displays the Crypto Total Market Cap excluding Bitcoin and Ethereum (TOTAL3) on a weekly timeframe. Below is the analysis based on the forecast lines and significant dates:
🟢 September 21, 2026 - Buy Date (Green Line):
This marks a local bottom, indicating a potential opportunity to start accumulating positions in TOTAL3. The market is expected to experience a downward trend leading up to this date, presenting favorable conditions for long entries.
🟥 March 10, 2025 - Sell Date (Red Line):
The forecast suggests a local peak on this date, signaling an optimal moment to take profits or tighten stop-losses, as a price correction may follow shortly after.
🟥 February 28, 2028 - Sell Date (Red Line):
This date represents another peak, offering an excellent time to close positions and avoid potential price downturns. The market is expected to rise up until this point before a correction begins.
Note:
All times are based on Los Angeles time (UTC -7). There may be a margin of error of 1-2 candles depending on the timeframe.
Are Altcoins Poised For Another Leg Down?The Total 3 is one of the most important charts to watch right now. Since March, the altcoin market cap (excluding ETH) has been in a steady downtrend. Compared to March's peak, the market cap lost 240B USD.
So far, every attempt to break out of the downtrend has been heavily rejected. Even worse, the market cap sits at the crucial support level. A break below 525B would likely trigger more downtrend momentum. As a result, the altcoin market could bleed for the next month(s) and move towards 460B resp. 425B USD.
Although this aligns with the overall bearish sentiment and forecast, there's still hope! So far, the levels between 545B and 525B were strong support.
Altcoins Can Drop Another 75% - Worst Case Scenario!In this analysis I want to talk about a long-term parallel channel on TOTAL3, which is the total marketcap of all altcoins.
Preface: before everyone gets offended etc, this is not my most likely scenario. Big chance that this pattern won't play out. Nevertheless, it's important to consider different market outcomes. Trading consists of IF>THEN decisions. Ask yourself, if the market drops another 75% from here, what will you do?
Now into the analysis.
The parallel channel is constructed from the top resistance and anchoring that resistance to the 2020 covid dump.
As seen on the chart, alts lost over 92% of their value in the 2018 cycle. Currently, alts have lost 75% of their worth during the last cycle. If alts were to go down towards the bottom yellow support, they could lose around 85%-88% (depends on time) value.
In other words, if this worst case scenario were to play out, alts could lose 70%-7% of their CURRENT value.
Is this pattern likely? No. Should you prepare for it? Yes. Keep it simple, assume that the bottom support area is a great long-term entry point and can function as a bear-market bottom in case we go down further.
There is definitely some risk of a recession as per my last yield-curve analysis. Furthermore, the SAHM Rule Recession indicator (google it) signals that a recession is coming. If the stock markets would go down like in 2001 and 2007, we're in for a wild ride in crypto.
Happy to hear your thoughts.
CYCLE TOP ANALYSIS1. BTC.D top then start falling just before BTCUSD top
2. BTCUSD then Sideway + Weekness
3. TOTAL3 keep mooning as a last stage while BTC.D and
BTCUSD slow bleeding / showing weekness (alts season) which last few weeks after BTC top
TOTAL3 - Time to decision to getting rich or poorWhen we look at the Total 3 chart, I can see that we are currently at a support point. If we cannot break the channel up, we may see a Total 3 that wants to test lower levels.
For this reason, it would be healthier for those who will make new purchases to join after seeing a breakout.
The Cup and Handle in TOTAL3 and the Potential BullRun AheadThe Crypto Total Market Cap Excluding BTC and ETH ( CRYPTOCAP:TOTAL3 ) chart shows a clear Cup and Handle pattern that spans from early 2022 to mid-2024. This pattern is a classic bullish continuation signal often seen in traditional markets and crypto alike, hinting at a potential upward breakout.
1- Cup Formation:
The cup forms over a long period, starting with the steep decline from the 2022 peak, followed by a gradual bottoming process through 2023. The rounded base structure indicates a shift in market sentiment from bearish to bullish, reflecting a slow accumulation phase.
This formation is characterized by two sharp peaks: the first in mid-2022 and the second in mid-2024. The smooth curve indicates strong support at lower levels, where buying pressure gradually increased, forming the rounded bottom of the cup.
2- Handle Formation:
After reaching the resistance level around $782.155B, the market appears to enter a consolidation phase, forming the handle. This phase is depicted by the red descending channel, indicating a temporary pullback and profit-taking before the next move higher.
The handle suggests a minor correction, offering an opportunity for new buyers to enter before the expected breakout.
3- Breakout Potential:
If CRYPTOCAP:TOTAL3 breaks out above the $782.155B resistance level with strong volume, it would confirm the bullish reversal, potentially leading to significant upside momentum.
The dotted yellow line projects the possible future trajectory post-breakout, suggesting a rally toward new highs. The target for this breakout could potentially reach or exceed $1.3T, following the classical measured move of the cup and handle pattern.
4- Risk Consideration:
Although the cup and handle pattern is typically bullish, the handle's downward channel should be monitored closely. If the price fails to break above resistance and instead falls below the lower end of the handle, it may invalidate the pattern, leading to further downside.
Conclusion:
The current structure of the CRYPTOCAP:TOTAL3 chart points to a potential major bullish move if the handle plays out as expected. Traders should keep an eye on the $782.155B resistance level, as a breakout above this zone could signal the start of a new rally in the altcoin market. The cup and handle pattern, when confirmed, suggests that the crypto market could witness strong growth, with targets in the $1.3T range.
This analysis offers a roadmap for both short-term and long-term traders, emphasizing the importance of monitoring key technical levels in the unfolding pattern.
#TOTAL3#TOTAL3
#ALTS
The altcoin market is heading for a very good rise by the end of this year 2024
Targeting 1.2 trillion
The price is moving in a descending channel on the 4-hour frame and is largely committed to it and is expected to break it upwards
We have a rebound from a major support area at the lower line of the channel at
573 B
We have a downtrend on the RSI indicator, which supports the rise
Altseason Yin and YangIn the storm of altcoin trades, fear and greed will test your will.
But don’t be swayed by fleeting gains—embrace patience and sharpen your senses.
“When the opponent expand, I contract. When he contracts, I expand. And, when there is an opportunity, I do not hit - it hits all by itself.”
― Bruce Lee
Crypto At A Crossroads: Is This Time Different?In this analysis we're going to take a look at TOTAL3, which is the total marketcap of crypto excluding BTC and ETH. In other words, all 'smaller' altcoins.
As seen on the chart, the altcoin market has been in a dire state since the start of April, almost 5 months at this point.
For now, the bearish channel pattern stays intact. I'm anticipating some kind of breakout in the near future, we simply can't trade within this pattern forever.
Looking at recent history, the bears have the short-term overhand since we rejected the top resistance yet again. However, once a support/resistance is used too many times the market anticipates it and will trade against it. This means that bulls might wait for investors to short in huge numbers and start to buy and cause a minor short-squeeze.
Personally, I'm leaning bullish. Alts have gotten a severe beating over the months and are currently looking quite attractive, especially with BTC trading around 63k and a very high BTC Dominance.
For now, we're in a grey area. Wait until this pattern breaks for long-term entries.
TOTAL3 Update - Aug 25 2024After Powell's speech regarding a rate cut in September the whole market showed a positive reaction and #TOTAL3 was able to push above the resistance zone. (In fact there was no close below the 546B key level as the confirmation for the bearish move!)
Current analysis shows that 630B zone a possible resistance zone which can dump the market so naturally it's logical to look for Short/Sell setups in the market!
Altcoin Preparing For Massive Pump In Coming Months Market Cap Is Key Indicator To Identify Markets Movements And Currently Its Looking Extremely Bullish Altcoins Market Consolidating Within Perfect Bullish Flag
Market Approaching Towards Bullish Flags Key Resistance Expecting Breakout Too Incase Of Successful Breakout Altcoins Can Surpass Recent Highs Easily Keep Eyes On It For Breakout
"Powell and Trump's Pump" & New Study Showing BTC Fractal TargetWe had a nice pump in the markets today, stemming from J Powell's comments from Jackson Hole signalling not only one rate cut coming in September, but likely multiple (not priced in).
RFK also kinda sorta endorsed trump but still kept the Hail Mary option open for him to still get elected (Don't hold your breath, although I'd love to see that. RFK had a great speech at Bitcion 2024 and is a good man, but doesn't have the votes).
Markets reacted positively and some are boldly saying 'The Bull Run is Back'. 🚀
We shall see.
Students of Hurst's Market Cycles will also note that this week (tomorrow the 24th preciely) should be the weekly cycle low, so that could also be a contributing factor.
In this video, I briefly review the NASDAQ:IBIT chart showing one open unfilled gap lower (this can take awhile and so this is still on the table) as well as the new BTC fractal study I mentioned.
(But I forgot to share the DXY chart showing that we're testing the important 101 level, which is looking like it's going to cut right through it like a hot knife through buttah).
Most interesting...
Check out this fractal overlay I pulled from earlier in the year, showing the possible path of Bitcoin higher, and that almost exacly lines up with current / previous trendline S&R as well as my Fibonacci price target of $150, which you can review in some of my other posts here...
Finally seems like we'll have the wind at our back soon.
While this was a nice breeze, I'm going to remain cautious and wait for confirmations higher to go 'all in'. For me, that's seeing confirmed closing price action above $74k.
See the video for some specific / excact entries.
If you'd like me to cover anything in future videos, leave a comment below.
Thanks again to the TradingView team for choosing my last video as 'Editors Pick' today! 🚀🚀
Keep up the good work guys!
