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TOTAL2

A close up of the bullflag forming above c&h rimline on total2The red line is the rimline of the Total2 chart’s cup and handle pattern that I made a post about a few days ago and will link at the bottom of this post. I thought it would be a good idea to include a close up of this bull flag that is forming with that redline mostly serving as support here so it would be easier for people to see when the breakout from the cup and handle will be validated. Once we have solidified the red line as support long enough we will validate the breakout from the cup and handle. One thing that will greatly increase the probability that w will validate that breakout is by first valdating the breakout up from this smaller bullflag pattern that has been forming here, you’ll notice that we are also about to have a golden cross (when the orange line crosses above the blue line ). We are now just one to two days away max from that cross happening and I would not be surprised if the pump up from the bullflag that validates it’s breakout occurs the same day the golden cross occurs, as I have already seen that happen immediately on the golden cross in two other chart recently, and it usually tends to do so once we have entered the parabolic phase of the bull market. If we do we will simultaneously validated both the breakout from this bull flag and mostly likely validate the breakout from the more macro timeframe Cup and handle pattern as well. I will link the chart I posted a few days ago showing the full cup and handle pattern down below. We’ve already seen a slight bit of a precursor already in the market but once the cup and handle validates its breakout, it is officially alt season. *not financial advice*
CRYPTOCAP:TOTAL2
by DrDovetail
Altcoin Season! C&H pattern can take altcoins to 2 trillion!Price action has now finished the handle on the total2 charts cup and handle as well as closed a Daly candle above it. Now we need to close a weekly candle above it and make sure we’ve flipped the rimline to solidified support so we can trigger and validate the breakout. If so the measured move line takes price to a target of 1.99 trillion! The journey to that target would make for one unforgettably epic altcoin season no doubt. *not financial advice*
CRYPTOCAP:TOTAL2
by DrDovetail
Provides analysis of cryptocurrency market cap (CRYPTOCAP)The red line shows the 50-week moving average, which appears to be a crucial support level for the overall trend. Historically, the market cap has respected this moving average, with upward momentum when trading above it. This area acts as a strong support level, as it has historically provided a solid foundation for price recovery. The total market cap has rebounded from this level several times, indicating buyer interest. This is a crucial resistance level, as the market has reversed from this area before. If the total market cap approaches this area, selling pressure may occur. The white diagonal line shows a long-term ascending trendline, suggesting a steady upward trend since 2018. This line further strengthens the overall bullish trend, as long as the total market cap stays above it. Currently, the total market capitalization is testing the 2.728T level, which is close to recent highs, with a possible bounce if it breaks above the red resistance zone. The overall outlook appears to be bullish, but it is essential to keep an eye on any significant moves around the resistance zone and the 50MA, as these will influence the long-term trend. Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed. You can DM us for information on any other coin. @Peter_CSAdmin
CRYPTOCAP:TOTAL
by CryptoSanders9563
TOTAL2 200MA WEEKLY SUPPORT Hello, HODL-ers! How are you feeling this Friday? Hope everything's well. This is TOTAL2 on the weekly timeframe. Notice how the 200MA has been holding as support since the week of June 13, 2022, and has propelled this week above the higher highs trendline that started after the drop on August 5. Volume isn't amazing, so we should keep this in mind for future analysis. Only two days left until the weekly close. How do you think this week will wrap up? Feel free to share your thoughts. Stay safe and humble!
CRYPTOCAP:TOTAL2Long
by vagada
TOTAL2: Altcoins will follow BTC.Hello, traders! We've all been anticipating the altseason, but its timing and triggers have been uncertain—until now. The recent weekly chart of Total 2 reveals something worth analyzing. How can Total 2 help us analyze the altseason? Total 2 represents the crypto market capitalization excluding BTC, essentially capturing the market cap of all altcoins available. Currently, Total 2 is mirroring BTC on the weekly timeframe. BTC recently broke above its parallel channel and is now trending above its all-time high. According to our analysis, Total 2 is expected to follow a similar path. For the rally to continue, Total 2 needs to close above the resistance trendline. This could signal the beginning of an altseason in late 2024. Specifically, we anticipate entering the altseason, with Total 2 potentially reaching its all-time high by the end of November or early December. We hope this update is helpful! If you'd like us to analyze which altcoins to consider for this altseason, please comment below and like this post. Remember to conduct your own research and analysis before investing. Regards, Team Dexter
CRYPTOCAP:TOTAL2Long
by Dexter_The_Trader
$BTC marketcap critical point, signaling the alt season coming.CRYPTOCAP:BTC has reached a critical 60% dominance level, which in the past has often signaled the start of an alt season. While history doesn’t always repeat itself, several other indicators confirm this signal: - Stochastic RSI is highly overbought - Bearish divergence - MACD is also in overbought territory Based on my analysis, altcoins are likely to see some relief in November, potentially pumping and outperforming $BTC.
CRYPTOCAP:BTC.DShort
by CryptoNikkoid
29
Ethereum can't escape from bear grip, targets $882 firstThe price of the second largest cryptocurrency can't raise its head to catch up with elder brother Bitcoin. I detected three signs that the bear trend could resume soon. 1) price broke below 52-week (past 1 year) moving average and during retest it failed to break back above it; 2) RSI is below 50, bearish, also retested the resistance and failed either 3) clear consolidation on the price chart, which implies the resumption of primary downtrend The price could retest the bottom of the first leg at $882. The ultimate target is to complete the full cycle and touch the very bottom of $78, which, indeed, sounds apocalyptical.
Short
by aibek
4
TOTAL2 Update - Oct 27 2024Following previous analysis, TOTAL2 dumped and moved towards the lower trendline. Although the trendline got broken, 12H candles closed on the trendline so the mentioned trendline is still valid but 4H analysis suggests that TOTAL2 is probably gonna cross below it. TOTAL2 is facing the combined resistance of blue descending trendline and 0.618 Fib ret. of the previous drop, so it's possible to see another dump in the market over the next couple of days.
CRYPTOCAP:TOTAL2Short
by AlgoBotTrading
Two Charts to Watch to Time the Crypto Cycle Top Here I have the TOTAL2 chart overlaying the BTC market cap chart. - Black: BTC - White: TOTAL2 - Yellow vertical lines: BTC Halvings The main alpha here is identifying the moments where TOTAL2 > BTC. This means the rest of crypto is valued greater than that of BTC, people are going further down the risk curve to seek greater returns, and peak euphoria has set in. Crypto markets top after BTC has made its run and once the alts, memes, and more degenerate activities soar following the rise in BTC. At the bottom I have plotted the relative strength between BTC and TOTAL2 (Black line) which shows that once BTC begins to lose strength to TOTAL2 (a dip below the zero line) then the top is imminent. Currently we are well above the zero line and far from the negatives which indicates to me lots of time/ room left in this cycle for appreciation (if you're in the camp of the bulls). I have also included a YOY rate of change (white area plot) showing the sharp increases in the ROC at the tops. currently we look very flat yet positive which is very similar to that of late 2016 and early 2017. There is not much historical data so this could be invalidated easily, but the similarities from the past two 4 year cycles is significant enough to form an idea on when profits should be taken if you so desire. Here is a chart of BTC-TOTAL2. This chart shows the delta between the two with a clear megaphone thing going on. The alpha here is that once that ratio dumps significantly that indicates the rotation away from BTC and into the more speculative side of the crypto market. An increasing megaphone trend this chart is showing makes sense due to the natural rise in market cap the entirety of crypto experiences. It's kind of like an average true range of the delta between the two. The swings in the ratio will widen the more the market cap increases. I wouldn't use these as trading indicators but rather as a guideline for sentiment and when it might be wise to be super risk on or more risk off. My belief remains that we see a big pump next year with a sustained bull run up until Q4 of 2025 and Q1 of 2026 based on previous cycles in equities and crypto.
CRYPTOCAP:BTCLong
by bhx10
3