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TOTAL2

Bitcoin Dominance Is Going To Hit The ResistanceBitcoin dominance: On 21st May 2021 the Bitcoin dominance index started the formation of an ascending triangle. Now the priceline is very close to the resistance of this triangle. Previously we have seen so many rejections by this resistance. If the Bitcoin index will be rejected again by this resistance and breaks down the support of this ascending triangle, then it can even touch the lowest value of 35. After breaking down the support and the altcoins will be free to move towards upside or downside Bitcoin dominance. But in case of breaking out the resistance, Bitcoin can again drive the altcoins with its move. Altcoin index: But only breaking down the Bitcoin dominance is not sufficient. In order to start a big altcoins bullish move we need to watch the altcoin index as well and that is Total2 index. This index shows the altcoin market performance excluding Bitcoin. If we take a look at this Total2 index then it can be noticed that previously it was moving in an up-channel and after breaking down the support it has formed a down channel. While moving within this new down channel it has moved very close to the very strong price level support and the support of this down channel as well. So we will need to break out this channel along with the breakdown of Bitcoin dominance as well. Conclusion: Most of the traders are only watching the Bitcoin dominance chart, and waiting for the dominance to be decreased or break down the support. But we also need watch the altcoin index (Total2 index) as well. Because at one side if the BTC dominance will be broken down and on the other side the altcoins index will be moved up then an altcoin season can be started like we have witnessed in Jan 2018. Therefore, it is important to watch both charts.
CRYPTOCAP:BTC.D
by moon333
1
BTC/USD (Warning Signal?)💎Technical Analysis Summary💎 BTC/USD -Warning sign for BTC, the price closes below the 50W Moving Average -It is now trading below the weekly key area of support -If BTC is unable to get above the 33k area in the coming days -Please be cautious and manage your position sizes -Because we don't know how far BTC will go if this downward continues -Good luck traders and stay safe! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` 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 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
22
#ALTCOINs in Danger? Welcome to this quick update. In my last update, I said if ALT Mcap CLOSES BELOW 738 Billion altcoins will be bearish AND YET WE SAW dump in ALTCOINS but it didn't follow how I expected. Just shifting a few trendlines and I got the chart above. Looks like it's still under the channel and a bounce is likely from here. It will take some time with sideways action or even little pullbacks during the weekend. Close below this channel could create a panic in the altcoin market with blood everywhere. Let's hope we see a bounce from here. Let me know your thoughts on this. Thanks for reading, Do hit the like button if you like it and share your views in the comment section. Thank you Stay safe #PEACE
CRYPTOCAP:TOTAL2Long
by Cryptorphic
4
BTC - FIB play PART IIHello trader, Nice week and profitable deals 💲 This BTC 1D chart is a combination of: 1. FIBretracement from 3k low to 64k high 2. FIBretracement from Wave 2 to Wave 3 3. FIBretracement from 64k Top to Wave3 4. 2017 Top 5. FIBextencion from Wave 2 to Wave 4 6. FIBextencion from Wave 2 to Wave 3 7. Pitchfork Detailed BTC FIB roadmap Weekly logscale roadmap II and Fractal Roadmap 3 I would like to mention that all I post are just options and my own opinion ! Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade. No trading advice ! ➡️If you like my posts smash the like👍👍 button, comment or follow me.⬅️ Thanks for reading my ideas, Trade save!!
BITSTAMP:BTCUSD
by TR7z
6
#ALTCOIN SEASON only if it happens!!!Welcome to this quick update, everyone. I got many requests for analyzing the Altcoin Marketcap BTC has been acting strangely these days and I am more of a TA guy rather than the fundamentals. TBH Fundamentals play a very major role in Crypto. But charts always give us a hint ahead of the news, doesn't matter Bearish or Bullish . Let's get straight to the chart:- The TOTAL2 represents the Total Altcoin market cap. According to this chart, the Alt mcap must rally towards $800 billion in the next few weeks keeping in mind the $733 Billion mark holds. Currently, we are at an important level of support. Observe the channel support as well as the Yellow trendline. Trying to breakout positively. Breakout and a bullish retest confirm the uptrend in altcoins which will eventually give us a green altcoin week. What's your thought on this? Do you think Alts will rally? Share your views if you have any in the comment section and do not forget to hit the like button if you like my updates. Thank you #PEACE
CRYPTOCAP:TOTAL2
by Cryptorphic
9
Déjà vuDevelopments in TOTAL2 for the last week parallel those of late May and early June. A, B, and D are crashes that form a rough inverse head-and-shoulders; in addition, there is an inverse head-and-shoulders shape within D. C and E, by contrast, are the reaction rallies out of the B and D crashes respectively, with E being slightly higher than C. After the E rally, equilibrium is reached which causes prices to be more or less close to their "real" value, which in the case of a bear market in June, showed a steady slide until the next crash on June 20. BTC is similar except giving more of a veneer of stability, as during last month's slide downward there was a shift from alts into bitcoin, leading to a bump in the bitcoin price around June 14-16. Bitcoin dominance BTC.D has otherwise been broadly inverse to TOTAL2 cap. This may provide clarity as to whether the bear market in alts is over yet or not. If it's still on, there will be another slide downward in alts leading to another dip. If it's over, we shouldn't see another slide.
CRYPTOCAP:TOTAL2
by drcorvinus
BTC/USD (50W MA is Hodling)💎Technical Analysis Summary💎 BTC/USD -The Bitcoin Bulls defended the 50W Moving Average support -The weekly candle closed with a bullish rejection at the key interest area -The fight is not yet over, there is a lot of work to be done -Many are looking at a potential big H&S pattern -But the Bears are struggling to close below the 30k level -Strong Bitcoin buyers are jumping in to buy every dip -I'm currently sitting on the sideline, waiting for the next move -Even a bullish Altcoin setup can go wrong if BTC decided to go south -I'd rather stay in cash and patiently wait for high probable setups -Only a few days before the monthly candle closes -July is coming, many opportunities are just around the corner -Guys, don't rush in, we will have our next shot very soon -Have a nice day & stay safe! :) ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉 `````````````````````````````````````````````` If you need help🙋 don't hesitate to Send me a message here PolarHusk 😊 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
11
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
CRYPTOCAP:TOTAL2Long
by Bixley
8