ALT COIN MACRO REPEAT - update OCT 2022An update on the ALT macro repeat idea i posted before.
I wanted a map for the continued downside option here.
Altcoinmarketcap
TOTAL2 vs BTC.D - Signs Of Potential Alt Season To Come When you compare Total Altcoin market cap (Crypto market cap excluding BTC) side by side, you can see that when BTC dominance (BTC.D) falls is usually when alt season happens. When BTC.D goes sideways, altcoins tent to do the same or even consolidate for a while, like we've seen for the last year or so.
An a chart altseasn is marked in green, consolidation/sideways movement in yellow and in blue is when crypto winter comes.
After BTC topped in Dec. 2017, BTC dominance continued to fall as BTC went into a retracement. Altcoins continued to rally into this moment. After that The whole market crashed and BTC dominance rose significant. This is a typical sign of bear market. This time is a bit different. After BTC made first ATH in 2021 and had its first major selloff, BTC dominance started to go sideways while altcoin market cap (TOTAL2) capitulated. BTC dominance than actually continued to go sideways even after whole marked crashed which does show a sign that the bull market, at least for the altcoins is not over. If it would be over, BTC dominance would have to be rising right now a lot, but it doesn't. Instead it is looking like it will continue to crash, which is a very good sign for altcoins. Remember that time is irrelevant here as no one knows for how long and when things will play out.
I am very positive that it will come while BTC will slowly be rising into a retracement.
DISCLAMER:
I am not a financial advisor so non of this should be taken as a financial advise. Be well.
TOTAL2 - Recovery FormationSimilar scenarios can be seen to the earlier green rectangle period
This green period was the result of a breakout from a falling wedge (recovery formation)
The green rectangle period we are approaching now also follows a recovery formation, however a different one, an inverted H&S
This rise will lead to another retest of the strong downward resistance in white
Daily timeframe
LITECOIN to Take $19 Billion From The TOTAL2 Altcoin MarketcapWe have a Bullish 3 Line Strike as well as a Tweezer Top Visible on the Monthly Timeframe which would Currently put LTC on a path to take atleast a 3.7% Market Cap Dominance over the Total2 Crypto Market Cap which at TOTAL2's current USD value would put LTC at a Market Cap of atleast $19 Billion which is a little over 11 times more than it's current Market Cap; Assuming that the Circulating Supply of LTC remains near where it is, that would imply that the LTC/USD price will go up to around $584.85 per coin of this TOTAL2/LTC chart were to play out.
TOTAL2 - Daily Bullish DivergencePrice prints lower lows
While indicator prints a higher low
This is a Classic Bullish Divergence
Daily timeframe
TOTAL2 (Altcoin Market) Bearish SentimentUsing two different Fibonacci Circle plots we can see price being rejected at purple and inversely being supported as orange
Currently price is in the middle of the purple fib ring, this allows a bearish conclusion to be made
Bearish action is plotted by Bars pattern in red (just a guess of how it will undergo)
Once price reaches orange again resumption of a bull market is possible (green)
Bitcoin will recover before altcoins
Total 2 - Altcoin Market exc BitcoinAs you can see i predict a x4 increase in the altcoin marketcap during 2022 as i also predict one more leg in the equities makret including the Dow Jones. Complete euphoria moment for cryptocurrency
OTHERS strong bounce from 320B+ - ALTS rally soon.next possible resistance.
clear outbreak and trend to keep going higher for now.
TOTAL marketcap excluding BTC; ALTCOINS macroTOTAL marketcap excluding BTC; ALTCOINS macro
this is an update of an old macro idea, its linked, have updated where we are based on long term momentum indicator there and obvious similarities in cycle position and macro price action.
this whole thing is probably a rhyme..
we could be entering the final stage here.
it also lines up with other fractals im looking at in terms of peak timing.
gl and god speed.
TOTAL2 Analysis 4HR (altcoin market)Repeating ABCD pattern
Either this occurs or a breakout to the upside out of the channel that has formed on this timeframe
1234 and ABCD are separate formations, with ABCD forecasted to repeat
Linking a longer term analysis of the same ticker for those who are looking to hodl for a long time
TOTAL2 Cup and Handle ideaAn idea showing a cup and handle comparison with one we have already seen on the way up during this bullrun
Last time at this stage a bullish, very bullish move was experienced, will it play out like before?
Very different price action but I still consider both Cup and Handle
Altcoin need some breathing Altcoin have been bleeding and crashing this couple of days
because of massive btc rising price and btc dominance
but this support level are prove strong because it has been tested couple times in a short period of time
Why I think we are going up TOTAL2The recent break up above the 50MA is a bullish sign
We are in for another more rapid period of a bullrun
This is a chart for the Altcoin market
see attached
New example Idea regarding relationship of BTC.D against AltsLooking at previous two cases alts tend to crash later. Alts tend to follow BTC then just parabola, take dominance and rally when BTC starts to level off. It makes sense - retail is more involved with alts so more likely to react later. Also for smart money they would want to rotate out of BTC to take profit and look to put some of that profit into the alt market.
This idea is nothing more than example movements, and is not meant as attempting to establish either BTC top price, Alts Market Cap or BTC.D. Chart just published as a best guess of the three in conjunction.
ALTS Bullish 📈Altcoin market cap on the chart, as you can see we double bottomed out to break through that falling resistance line.
We then found ourselves on previous resistance and failing to break it.
I believe now we should have our last minor dip before we continue our bull run into November.
I have drawn out a path of which I think fits the run the best (obviously it wont follow it 1/1)
TOTAL2 An Avoided DeathcrossLooks like a very clean miss of the death cross
More bull action is coming based on this comparison to the early bull run
Looks great really
Up before EOY...We could've expected the short term drop in prices according to where we are. Holding tight and waiting for December. Let's print the right shoulder to this massive inverse H&S. Quick breather - September is normally a down month, anyways...
TOTAL 3 (Total Market Cap Exclude BTC and ETH) Analysis 27/07/21Fundamental Analysis:
Total 3 is an index of the cryptocurrencies Market capitalization without BTC and ETH, it means it is the Altcoins entire market capitalization and it can help investors and speculators who use Altcoins and Tokens for their Benefits.
this index is very useful for the Altcoin followers and Investors as it shows the inflows of the Capital to the Altcoin environment and it its movement are very good indication of the alt seasons.
this index can be used for the DEFI Growth Speculation also as it contains all of the DEFI Token and Coins.
Technical Analysis:
there exist a Regular Bullish Divergence with MACD Histogram and Price which is the sign of Retracement Completion as the Price is at the Retracement Golden zone of Fibonacci.
the said divergence can be more accurate as we can see Price is reaccumulating at the percent level which is the very good sign of trend reversal and start of a new Bullish wave hence the new cycle.
we may have some more Price Dump as well, up to the 78.6% Fibonacci Retracement zone and then start its rally in more bearish case.
there are total of 3 Targets defined for the upcoming impulsive wave with Fibonacci projection tool.
the 3 TP gets confirmed as soon as the price triggers the 2 Target
Altcoin MCAP Fibonacci Circles - Huge Upside? In the first scene we can see OTHERS bouncing off 3.618 strongly off the strongest trendline available
A possible falling wedge breakout
This level was seen as resistance previously before the massive run up we saw, now it is support
In the second scene we can see TOTAL2 (altcoin cap) approaching 2.618, during the last bull run as price approached 0.618 of this same trend a massive run up through the transition occurred, will we see another massive run up through 2.618 (another .618) level
If it occurs this will lead to phase two of the bull run, a more aggressive, and sharper rise across the board.
Altcoin Market Assumptions and Phases This chart suggests we are consolidating before phasing into phase 2 which is intensely more bullish than the recent bull market we have seen
This is under the assumption that price action repeats as it did in cycle 1, which evidence for this can be seen in the green circle and the current place we are in the yellow box
Using my other charts I estimate the current bull cycle to end in June 2022 or early 2022, comparable to the last run
COPIUM It will go up COPIUM
A possibility TOTAL2Altcoin market
Both rejected from key fib areas
will the most recent recover the same?
Assuming this scenario implies a large move afterwards, which I also hope occurs
ALTCOIN MARKET CAP ❗️Hey hey my friends 👋
ALTCOIN marketcap PUMPED from the .5 fib retrace area
Keep in mind that this is just going to form a higher low and it is not to the moon as of yet
