TOTAL2
Altcoin Market UpdateAn update for the altcoin market including (TOTAL2, and OTHERS)
As you can see, on the left, we are still in a very good spot for bullish action
Current price can be seen to be very similar to the early days of TOTAL2, providing a nice comparison
On the right, the OTHERS chart, also provides similarities to the earlier bull run, and suggests we are heading higher.
0.618 was a previous point of rejection during this massive bull run. If 1.618 is hit this will likely act as a rejection point as well.
UP!
TOTAL | H8 | Technical AnalysisI analyzed the market cap of Crypto in 8 hours. The chart, which has been decreasing since November 10, has received very strong support these days. The important level for us is the "2.660T" level. The graph needs to break this level with high volume. If the breakout occurs, it can go as high as "3.062T".
All Crypto Market Cap UpdatesHello friends, today you can review the technical analysis on the 1W linear scale chart for the Total Crypto Market Cap ( TOTAL ), the Total Crypto Market Cap excluding Bitcoin (TOTAL2), and the Total Crypto Market Cap excluding Bitcoin and Ethereum ( TOTAL3 ).
#CryptoPickk noted in the chart:
1) Reviewing the Crypto Market Caps for the TOTAL, TOTAL2 and TOTAL3 are a must as they all work in tandem. This will give you an indication where the Crypto Market (Bitcoin, Ethereum and Altcoins) are headed.
2) The chart shows each of the market caps have formed a multi-month Cup and Handle Pattern as well as bouncing off of a multi-month trendline.
3) The target for each of the Cup and Handle Patterns are noted.
4) Keep an eye on the Volume as it is picking up.
5) There is positivity coming up, but expect as much volatility.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
BTC/USD (Daily Fib 0.5 Good Support?)💎Technical Analysis Summary💎
BTC/USD
-Despite the recent -10% move of BTC last Friday
-Today, the bulls have managed to regain back above 58k dollars
-This is good news because the key area is being respected
-We have the previous resistance last September 7, Fib 0.5 and 100D Moving Average
-These multiple key factors drive the price back up the previous trading range
-Also, the descending channel is still following the price action
-If we can see a strong bullish breakout plus a good retest
-Bitcoin short term correction might be over and a potential upside move is likely
-I only took 1 trade recently but got stopped out which is part of the game
-Due to bad market conditions, I'm not going heavy on any swing trade yet
-But once the market shows a clear path, I'll start scaling in more position
-I hope most is are following proper risk management recently
-Good luck and stay safe everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Not Financial Advice 💸
Exercise Proper Risk Management 💱
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TOTAL2 # 001 ( wait for Alt till Feb.2022 !!! ) Hello dear traders.
God day .
Total market Exclude BTC 2nd time reject from Weekly Gann trend line & Weekly Gan arc resistance . This is Nod good news for ALTs .
If you match TOTAL2 with TOTAl market cap with surprise will understand which in Feb.2022 TOTAL Market will dump and that time ALTs season will start .
TOTAL analysis is linked with this analysis.
Thanks for your comments & support.
Good luck & safe trade.
total crypto market cap reviewthe total market cap moved up in 3 waves, indicative of a corrective move.
we used to hold this green trendline as support, until recently breaking down below it.
we're about to test it right now, failure to get above it will result in another leg down.
this is also why i'm shorting things today; things look corrective from my perspective.
this dip will be for buying though to swing the mean retracement to the upside.
cheers
💸
BTC/USD (Sign of Strength?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin may have found support near Fib 0.5 level
-We can see the price reacted to this region and a bounce is happening
-If we plot a descending channel, the price could test the resistance at 60k dollars
-And if a bullish breakout of this channel, we could expect much higher price targets
-If we see a good move above, I'm expecting a recovery for the Altcoin too
-I am now preparing my watchlist for new swing trades in the coming days
-Still, I will not go heavy because BTC still not out of the blue
-Good luck and happy thanksgiving!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
``````````````````````````````````````````````
Will altcoins continue to rise? A cup-and-handle pattern has formed on the chart of altcoins' total capitalization. The price has broken through the upper boundary (resistance) and is now testing this level as support. According to the rules of this pattern, target = cup height.
This could be a good opportunity for altcoin growth.
Write in the comments all your questions and instruments analysis of which you want to see.
Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.
P.S. I personally will open entry if the price will show it according to my strategy.
Always make your analysis before a trade.
BTC/USDT (55k Area Potential Support?)💎Technical Analysis Summary💎
BTC/USDT
-Bitcoin may have reacted bullishly just above the Fib 0.5 level
-This zone is a confluence of mini S/R flip last October 13 trading
-I have plotted a potential descending channel coming from the swing top
-If BTC forms any bullish reversal pattern within this bullish Fib area
-In the coming days or weeks, we can expect the uptrend is not yet over
-And the altcoins will also rally up again considering the BTC Dominance value is decreasing
-For now, I have not opened any swing position as I'm waiting for a better market condition
-Any bullish setups for Altcoins will reduce its accuracy if the overall space is bad
-I hope you guys are also taking this oppurtunity to study and relax a bit
-The market always moves in circles so there is unlimited opportunity
-So we just have to sit back and enjoy the process
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
``````````````````````````````````````````````
Total Altcoin Crypto CapGreen lines have been drawn and stayed put since everyone was bearish back in August... Check my posts for the same mark up.
We look to be retesting support after a routine cup and handle/ascending triangle breakout to completion (May '21 to October '21).
Currently, I can see 1 of the 2 scenarios (red lines) playing out as we head into Q1 of the new year.
Overall, I believe the recent news on all fronts (celebrities, sponsorships/marketing , news articles, adoption, institutions, politics, retail investors) will push the market into it's continued uptrend around the holiday times. People love to chat around the dinner table. Chad has been making great gains this year... maybe it's time his family finally gets involved. Buying crypto has never been easier than downloading Coinbase - a repeated #1 trending app in the apple store. Spending crypto has never been easier with your CRO/Voyager/Visa USDC savings account (or $KASTA coming in Q1). Now everyone and their grandma can jump in.
Simple analysis of bitcoin
market Analysis: Today, as I was researching the market, I realized that the bitcoin dominance is between a strong resistance and the Moving 200, which I think the Moving 200 will break up in the next week or two, and Bitcoin will have a sharp growth and beyond. Looking at the bitcoin chart, I believe it will be again soon
It sees a price floor of $ 53,000, so I set my purchase orders at 53,300. My analysis is that both bitcoin dominance should go up and altcoins should grow!
How can this happen now? In the next one or two weeks, the Altcoins should have a good price growth and cause the bitcoin dominance to come down and the total 2 lambs to go up after two weeks. Do not forget 30% Altcoin
TOTAL 4HOUR UPDATEWelcome to this quick update of TOTAL analysis.
I have tried my best to bring the best possible outcome in this chart .
Total market cap broke out a huge cup and handle pattern already retraced it or support level is 2.427T and resistances level is 2.58T .
I thing the price cam pump from here .
if its broke and close above the support level then the chart will become invalid.
Sorry for my English it is not my native languages.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
Another way to visualize what's coming TOTAL2I can split the bullrun into two phases, one of extreme bullishness and one of mild bullishness
Market phase 1 has already been undertaken and we are heading into market phase 2, which can be observed in the past to be the most bullish part of the run
This is a chart developed on a previous one below
An update for TOTAL2Using the TOPCAP indicator and the AVGCAP indicator this chart is produced
Will we see another huge increase phase that was seen in the previous bullrun? Or will it be different
In Green is the best entry points possible
In Red is the best exit point possible
Red line in between Topcap and Avgcap is 200MA
BTC/USD (58K Potential Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin failed to hold the immediate support area at 63k dollars
-After a sharp drop down to 58k dollar, the next potential support range
-This fast move by Bitcoin suffered most of Altcoins and I got stopped of my trade
-The market is not good recently so I didn't put heavy on this position
-BTC is technically bearish in the short-term with this type of price action
-I will be careful and only trade a small amount during this type of condition
-Again, this is not the good time to go heavy on Alts when there is no sign of strength
-I'd better not trade or reduce my position size if the market is not in our favor
-Everyone, risk management, and strict self-discipline is very important right now
-If you want to stay in this game for the long term, please control emotion and follow your stop loss
-Good luck and stay safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins ozzyman2 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
``````````````````````````````````````````````