Why Nobody Don't talk about TOTAL2 ? Potential Double TopSo many people says crypto is unpredictable actually its true but if we if we put the puzzles together we can see the picture.
You guys see market give reaction from previosly ath.
Right now we can see potential double top here so if we close daily fib 261.80 I will turn slightly bearish again.
Last support is fib 227.20
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TOTAL2
#ALTSEASON LAST QUARTER Could be Game Changing, Here's Why...Welcome to this quick Update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
The Total2 which shows us the total marketcap excluding BTC.
Looks bullish and we can see an inverse H&S formation.
The candle already broke above the neckline support.
Once we see a daily close above the $1.35 trillion mcap.
It could easily pump towards the $1.65 trillion mcap.
The index is trading above all important EMAs in this 8 hour chart, shows bullishness in altcoins.
Every single altcoin will pump like crazy if this pattern pays out perfectly.
I was bearish a few days back TBH, Since it got rejected from the resistance but eventually rallied again to form the right shoulder of this pattern.
On confirmation I will be posting futures and spot calls soon.
We will not miss the last quarter gains.
Invalidation of this chart will be a close below 21MA, Currently $1.3 trillion.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
#PEACE
TOTAL 3 TO THE MOOONprice action makes me to think that exchanges are in pain for altcoins. there could too much longs or another sick situation for them to dump the altcoins. i dont know. But there's a clear cup and handle and for my prediction it will going to rise very sharply soon if there wouldn't any blackswan event. I dont think Bitcoin can go new ATH without altcoins. we can see big moves up and down on BTC.D.
Look for;
1.TOTAL3/TOTAL2 (Weekly)
2.TOTAL 2 inverted (Weekly)
3.BTCUSD inverted (Weekly)
I cant insert the links because I am not a PRO member. Just take a look the charts above and make your own desicion.
TOTAL2 end-number 200+ trillion?Given some technics from the past few cycles we can establish that the duration of the "big gain" period is extending and the actual gains (%) decreasing. It could be more accurate, but the point is the bigger picture. Hold your coins. Don't get scared. You don't have to "buy the dip" and "sell the top", IF you have the patience and calm to zoom out and focus on the bigger picture.
TOTAL2 4HOUR UPDATEWelcome to this quick update of TOTAL2 analysis.
I have tried my best to bring the best possible outcome in this chart .
Very serious situation for ALTS!!
TOTAL2 broke the triangle and already retraced it and coming down or suppoet levels are 1.193T , 1.128T , 1.056T
I thing the price cam dump from here .
if its broke and close above the resistance 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...
₿ TOTAL 1D ₿ : 11.Oct.2021 (Update)Well, as we see, the TOTAL index (market cap of the entire crypto market) has reached a very important resistance range, and if it does not succeed in breaking this range, the probability of crashing the market is very high ... But if this important X-Point level will brakes , Bitcoin and, by nature, the entire crypto market will grow well . and we will see new ATH for BITCOIN and Other Cryptoes ...
⚠️ This Analysis will be updated ...
👤 Arman Shaban : @Ar_M_An_4
📅 11.Oct.2021
⚠️(DYOR)
Altcoin market looking bullishNote that I'm not a financial advisor, this is just my opinion and I am not recommending anyone to buy or sell. DYOR and don't just listen to an Explosive Cow.
I am bullish on the altcoin market (TOTAL2 is the market cap of all the altcoins), although at the moment I'm uncertain weather altcoins will outperform BTC.
The reasons I'm bullish are the following:
We have already had one cycle of the Elliot waves since March 2020 with and impulse wave from March 2020 to May 2021 and a corrective wave from May 2021 to June 2021. Now that the cycle has ended, we are starting a new cycle and could possibly entering wave 3 of the impulse wave.
The 9 weekly-EMA acts as support.
The MACD (blue line) is above the signal line (orange line).
We are not in overbought territory on the RSI, meaning there is room to grow
Higher highs and lower lows since July 2020
The only thing I'd note is that there is bearish divergence on the Histogram of the MACD since the past few weeks, but since it's only been 5 weeks, it's not a significant time. This is also the only negative indicator, so it doesn't pose a threat.
TP : My TP is the at the 1.618 Fibonacci level taking the March 2020 low and the May 2021 high, which would put it at 2.4T market cap (86% increase).
I put the wave 3 ending in January, but that is highly subjective, it could be 6 months or more from now or more
Note: I currently hold several altcoins at this point.
ALT SEASON IS COMINGTotal 2 index is located in a sensitive area.
There are some positive points in it that can be evidence that it can register a new ATH and see the real ALT season.
Initially, a pattern of cups and handles was formed in the weekly time frame, and it was able to make a good candle this week.
The CCI is testing its 100 line break for the second time and is on an uptrend
Its MOM is above 65 and that is a good sign.
If this happens and it can break its resistance in the range of 1.44 - 1.49, each altcoin can grow by an average of 50%
I think the Alt season is on its way.
TOTAL2 - BIG MOMENT Hi, this is mye new update for Total Market Cap Exclude BTC. This is the moment guys, we have now completed a cup and handle pattern, in the NEXT couple of weeks we are going to see massive gains in Total Market Cap. One thing we have to notice is that the gains from bottom to previous top is 132% and from the definition of cup and handle, when we break the all time high then we are going to see another 132% gains, so be patient the new ALT season is going to start soon. I am LONG here ;)
BTC/USD (New Swing Top)💎Technical Analysis Summary💎
BTC/USD
-Finally, BTC broke above the previous swing top at 53k dollars
-Most short players got their stop loss hit after hitting as high as 56k dollars
-The Bulls are back in momentum but we will have a much better view once the weekly candle is closed
-For now, our immediate support is the Fib 0.236-0.382 region with the confluence of previous resistance
-As long as the Buyers can hold above this area, the point of view is still going up
-I can see strong coins showing a potential continuation pattern for new highs
-I'm currently into swing trades right now and it is on profits too after a big win recently
-My small losses are now covered so I will keep these winning trades ride the trend
-Happy trading everyone and always plan your next trade
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Exercise Proper Risk Management 💱
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BTC/USD (Test 53k Swing Top?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin is looking good today after a bullish retest on the S/R level
-The chances to retest the 53k recent swing top is highly probable now
-If BTC reaches the 53k level, we will have to observe for any price reaction
-If the price will go higher or faces rejection because the sellers might re-enter
-There is always a risk to consider if you have any position opened
-I'm currently in a big win trade and small loses
-I'm always keeping my losses small and keeping my winning trades hit my targets
-This is how I become consistent in this environment
-I want everyone to follow the same and please risk management is very important
-Alright, stay safe, and good luck everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
``````````````````````````````````````````````
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 💱
``````````````````````````````````````````````