TOTAL2
Market Cap - Further Gann and Top predictions Suggesting an early 2023 end to the bull run
So based on my previous analysis I have managed to extrapolate roughly a June 2022 - April 2023 end date for the bull run
Personally I might brave myself for another bear market if I have the courage, or I am selling around December 2021 just to be safe.
The first Gann ring hits the 2018 Top perfectly, I don't see why it would change for future price movement
Price has also just broken above the middle Gann line (2018 top) this will act as a new support, very bullish, continuation.
Market Cap - Was the last bull run unique?If the last bull run was unique I pose the question why are we seeing similar patterns? (within circle)
With an impressive 452846.26% increase to reach the Top of the fib channel
Will this occur again? The TOTAL market cap would be incredibly high if so
I have my doubts but this is cryptocurrency, to reach the top again another massive move is implied, we will see I guess.
A very optimistic scenario.
TOTAL2 biggest long squeeze in history and TOTAL2 only dropped 20% if this thing breaks upwards (likely imo)
given the massive innovation and developement the crypto market and more specifically the ALT-Defi market
theres no way the markup in value stops here
many coins exiting long term accumulation periods also
which means price goes up
oldcoins worth more
newcoins worth more
altszn part two starts here
Why Altcoins are more attractive to me than Bitcoin nowAs the price of Bitcoin breaks all time high, people are either feeling the fear of missing out or be celebrating on twitter.
I see it as a major red flag despite being early in this bull cycle.
By analyzing $TOTAL and $TOTAL2 charts we can better identify where the next opportunity lies.
Let's say we hit 2x target measured by the Fibonacci retracement on both charts, trade the breakout of $TOTAL2 would give us a 279.6% upside potential while risking 29.82%.
On the flip side which is where the current excitements are, $TOTAL only provides a fairly risky trade with Risk/Reward Ratio of 1.88.
What I am trying to amplify here is even if we were to keep going up in price of Bitcoin, we may still be better off trading Altcoins back and forth rather than just chase Bitcoin.
The most important part of participating in a market is to NOT let your emotions take over control, anytime and anywhere. Be discipline, Bitcoin is NOT the only chance for you to get rich.
Privacy pump pleaseeverything you need to know can be gleaned from the ch(art)
dont think just buy .....no financial advice tho!
BTC/USD (54k CME Gap Filled)💎Technical Analysis Summary💎
Bitcoin CME Futures
-Bitcoin creates a big CME price gap from 62k down to 57k zone
-We didn't see any bounce up reaction to fill the big CME gap above
-But what BTC did is filling the small gap last March 29 around the 55k-54k area
-Currently, the price is trailing just above the 200MA support at the 6H time frame
-If BTC holds this area, the next potential job is to complete filling up the price gap above
-This is only my bullish scenario regarding the CME price gaps
-Not all price gaps get filled all the time, this is only our future reference of potential price action
-The most important thing is to follow our trading plan and correct risk management
-As of now, the market is still not stable, I recommend waiting a bit longer to confirm our next bias
-Being patient is also a key to success because you are waiting for the proper timing to get back in
-Have a nice day everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins miguelsotelo139 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
Altcoin session is comming !!Hello friends
Happy weekend! Good mood and profitable deals !
History repeats itself ?
When BTC ended its rally in Dec 2018, altcoins hollowed out a week later for the unbelievable move and kicked for 28 days !
If you liked my idea push the like button ,follow me or commend !!
No trading advice
Dyor and trade save !!
BTC/USD (Pullback or New Trend?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin just had a failed breakout after hitting a new all-time high recently
-The price broked the upward trendline of support and touches the 50D MA
-Currently, BTC is trading below the 50D MA which is not a good sign
-But we saw a bullish reaction at a key level around the 51k region
-We have two possible scenarios for BTC this week
-1st is pullback and retest of previous trendline support which may form a CME gap and get filled
-And second, a bearish continuation where the bulls failed to bounce up instead a bear flag is confirmed
-The 2nd scenario may retest its recent low at 51k dollars or much lower
-If I'm looking for a bullish sign of strength, I want to see BTC regain the 60k
-And a consolidate above the 50D MA for at least 5-7 days
-Because this will give me a strong bias that the bears failed to control the market
-This week price action is very important for the crypto space in preparing for the month of May
-Guys, please always follow your trading plan and never go all-in on 1 trade
-Risk management is the key to survival in trading whether crypto, stocks, forex, etc.
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BTC - Here We Are Again - in the 50s - What is Next?BTC is clearly struggling to stay over 60k. Volume have been week because retail is weak both at this price point and due to heavy accumulation by industry/whales/MM through March.
Coming into the end of this bull flag, inside a larger rising wedge. This puts us at odds, a bullish pattern within a larger bearish pattern. So the question is how low will we go and will we bounce off a support anytime soon?
I think we have a few significant supports coming up. The first is the bottom of the macro and very close to the March close- around 59k. That is also an important number psychologically.
Failing that, 58 and 57k had a great deal of activity but I'm leaning towards another drop as low as 55k, where we saw extremely eager buyers from industry previously. This was also where we bounced from on our way up to 65k eventually.
After reviewing possible indicators of a bull cycle top- none of them are signaling the end of bull cycle. Miner outflow remains almost nonexistent. Whales ratio occasionally climbs but for the most part whales aren't presently dumping. MVRV looks healthy. Exchange inflows look healthy. Exchange reserves remain low. All of that looks more bullish than anything.
So whats next? Well we obviously finish the correction. Each correction has been weaker than the last this cycle. Time will tell if we bounce of strong support and break bullish again. I suspect we could range even longer here, much like we saw in March. Alts will suffer a little here initially, but TOTAL2 remains very dominant over BTC. I
think BTC could crab walk a bit here, it doesn't look like a fast moving pattern since MM are mostly sitting this one out. In some ways it may even be related to the mania around DOGE this week- the retail volume on BTC was weak already, and new traders are extremely hyped on DOGE and that was probably a strong inflow of retail money into DOGE that could have lifted BITCOIN. But thats speculation.
Best of luck.
BTC/USD (Retest Previous Resistance)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin made a new all-time high price and now retesting previous resistance
-The previous top is around 61k-60k dollars which may act as support today
-We can see the red candle is reacting to this zone
-The bulls are trying to push the price up or buying this price dip
-If this area can hold for the next 2-3 days, I think the chances to continue high increases
-For now, we can see the market is in red due to this small pullback
-But many large-cap altcoins are performing strongly at may hit a new all-time high price
-If crypto space will continue its upward trend, many altcoins will follow the same
-I have prepared my altcoin list for potential new move in the coming days or weeks
-As long as the market is in safe mode, the Altcoins will come back stronger
-Have a nice weekend everyone and stays safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TheDeFiPool 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BTC/USD (New All-Time Price)💎Technical Analysis Summary💎
BTC/USD
-After consolidating inside the ascending triangle pattern for many weeks
-The bulls finally pushed the price into a new all-time high
-The price almost hit the level of the 65k dollar
-If we can see more follow-through from the bulls
-I expect the next upside target is 70k dollars
-But if a pullback is in play, the 60k region might be a good rebuy zone
-For now, let us all celebrate this new level of the trading area
-Don't worry about your altcoins holdings
-They will have time to bounce back fast once BTC starts to move slow or consolidate
-This is part of the market cycle with regards to money flow
-I'll start preparing new swing trade setups in Alts :)
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
BTC/USD (61k Dollars Strong Resistance?)💎Technical Analysis Summary💎
BTC/USD
-The bounce from the support trendline 4 days ago is still valid
-BTC is playing around 60k dollars but having difficulty passing 61k resistance
-If we will follow the end of this triangle pattern, there is still 4-6 days of trading left
-The time is running out for the bulls, they must clear the resistance as soon as possible
-Otherwise, the bears might enter the market and seize the oppurtunity to break its trendline support
-I'm expecting a sharp drop down to the 50D MA area
-But if the bulls continue their trend, I think it can go to 70k dollars next target
-And many altcoins will follow Bitcoin's path to new higher high
-Very crucial week for the overall market, please always protect your capital
-Good luck and stay safe everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
What Is Going To Happen In ALT SEASON? 💃It looks like that Alt Season is started.. Every single parameter on BTC.D, TOTAL, TOTAL2, OTHERS.D and ETH/BTC shows this to us.. For example you could see a lot of Alt Coins were pumped yesterday as Bitcoin just was ranging.. But to make sure of this fantastic party in ALT Coins we should wait and see if the BTC.D weekly candle will be closed below 60% or not. If that happens, we can start the celebration of April..
But let's check some data to see what is going to happen is ALT SEASON, and what do I mean by "Celebration"??
Let's look at BTC.D weekly chart above:
As you can see, I made a clear time-line for you 28 DEC 2020 to 22 MAR 2021, that show us Bitcoin dominance came from top (73.55%) to around 60% and this is about 17.16% drop on dominance. This only 17.16 drop, made Ethereum to move from $900 to $2000. I'm sure you've seen what happened to other Alt Coins during this time-line...
By using Fibonacci and finding strong support lines, you can see that I predicted that this BTC.D drop will go down around 42.24% on Dominance.. Check out this folks, it'll be a 31.1% drop from now on.. This is going to be twice as what happened in bull market..
Now Let's check out the TOTAL weekly chart above:
This chart shows us how much money is in the crypto market.
I put the exact time-line as before, 28 DEC 2020 to 22 MAR 2021. As you can see, the time when the bull market was started, TOTAL chart shows us 678 Billion Dollars were in the market.. However, Let's check out how much money is in the market now?? AT the time that Alt Season is starting, there is 1.869 Trillion Dollars in the market and this is huge.. What is going to happen to this money when Alt Season is started? of course, This money is going to flow into the Alt Coins and again, THIS IS HUGE!!!
I used Fibonacci analysis on this chart to, and it shows us that in Alt Season TOTAL market is going to be al least but not last around 2.5 Trillion Dollars and this is 263.39% growth from when the bull market is started..
It's time for Shit coins, Let's look at OTHERS.D weekly chart below:
This chart show us the dominance of shit coins on the market.
And again the exact time-line as we spoke previously. OTHERS.D made a movement from 5.63% to 12.19% and that 120.87 growth. This is the reason why you've seen shit coin flew high in previous months.. If OTHERS.D can break this resistance are around 12% it can go up at least and again not last around 15.69%. This will be 177.17% growth since the bull market is started. This chart shows us if shit coins can capture 15% share in crypto market they will give us a huge amount of profit to us during ALT SEASON.. But be careful guys these kind of coins are dangerous, as the can give us big prizes the can make us harm in huge losses. So don't forget about your Capitol and Risk Management.
Our last chart to talk about is TOTAL2 weekly chart here below:
This chart is just like TOTAL, but it shows us how much money is in Alt Coin markets. That means everything except Bitcoin.
The same as above, 28 DEC 2020 to 22 MAR 21. At the time when Alt Coins bull market was started, there was 198.709 Billion Dollars in TOTAL2. At the end of the time-line there was 705.867 Billion Dollars and this is a 258.01% growth.. I'm interested!! What about you??
TOTAL2 managed to break it's resistance area upwards. Fibonacci analysis is telling us it can go to at least but not last around 1.118 Trillion Dollars. This is a huge 465.61% growth since Alt Coins bull market..
All These enormous numbers shows us, this ALT SEASON is going to be a lot different than what happened before in previous ALT SEASONs. I've been telling you about this ALT SEASON in my previous ideas, couple of months and weeks ago.. If you didn't read the I strongly recommend you to do that so, because there are a lot of important information for you to know in them.. I hope you can find this idea useful and make yourself ready for these huge numbers.. I will update this idea and of course I will post new idea.. So stay tuned for further details and information..
What is your point of view or analysis on ALT SEASON , I like you to share it in the comment section for me, so we can share our knowledge together.
And, As always, feel free to ask any question about this chart in comment section, I will happily answer you :)
If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
BTC/USD (Bounce at Trendline Support)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin found support at the trendline area again in the confluence of 50D MA
-The price is currently experiencing minor rejection at the 59k resistance area
-But that is fine as long as the upward trendline support holds
-I am expecting a breakout within 1-3 days
-If I'm bullish, I want to see BTC clear the 60k region and hold
-This will give us a strong probability to go higher to a new all-time high
-But if you are looking for bearish entries, a break below 50D MA
-plus a bearish retest would be perfect for short entries and target the 45k zone
-Next week price action is very crucial in the midterm movement
-So please make sure you have a trading plan ready if BTC goes south or north
-Have a nice weekend everyone! Keep safe!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````
MCAP Another view(b) is a Head and shoulders view, with a left shoulder and a head already formed, expecting a rejection at the next Gann line
(a) suggests price will smash through the next line, as it did previously with the same structure
(b) is a bearish short term view
(a) is a strong bullish view
This is the altcoin marketcap
In the chart above i show where the altcoin market may extend to, June 2022
BTC/USD (Retest Trendline Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin faces another rejection at the flat resistance zone
-The price is likely to retest its upward trendline of support
-The trendline support is a confluence of the 50D MA area
-If the Bulls will repeat the recent bounce at support trendline
-Then, this bullish ascending triangle will increase its probability
-We might see a break above the 61k dollars soon
-But if the 50D MA and trendline support fails
-A test to the 50k dollars region might be on the card
-Please be cautious at the moment
-Make sure to plan your next trade
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Thank You All!🙏😊💖For Supporting My Channel 📺
Through Leaving A Thumbs Up, Comment & Follow 💬
Happy Trading!😊💕💖
``````````````````````````````````````````````