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TOTAL2

BTC/USD (20D MA Acted Support?)💎Technical Analysis Summary💎 BTC/USD -The mini consolidation from my last published idea hit my 56.k target zone -The 20D MA acted good support and currently holding the price above the average -This is a good sign in the short term price action as the Bulls defend that region -Bitcoin may likely be forming an ascending triangle with an area of resistance around 59k-61k dollars -If this pattern confirms an upside breakout in the coming days -The potential target is somewhere 68k-74k dollars using the Fib extension -Many altcoins are doing great today as the BTC dominance keeps falling to 57 level -And if BTC continues to move sideways inside this triangle, I think we will have a few more days of green day -Be cautious! even if the pattern is bullish, it may still break to the downside -So please make sure you have proper discipline in terms of risk management -let us all have a nice day and I wish everyone are in good profits! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉 `````````````````````````````````````````````` 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!😊💕💖 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
6
Bitcoin vs Altcoin Market (TOTAL2) Growth/DominanceLets talk timeline to set the stage. Note that all of these metrics/growth percentages assume a start date of 01 December 2020. DEC-JAN: we saw the market gain momentum in December and we entered the new year with the altcoin market ( TOTAL2 ) in a corrective trend and Bitcion flying on its way to a new ATH . At Bitcoin's peak it was around 30% above the TOTAL2 market. JAN-FEB: leaving January into February we saw Bitcoin correct and realign with the TOTAL2 market and they both climbed up to Bitcoin's next ATH , however this time you saw TOTAL2 begin to breakaway from Bitcoin and post around 5% more growth through February before they both steeply corrected in late February and entered a combination corrective pattern that appears to continue to this day for Bitcoin . MAR: while Bitcion remained ranging within a corrective pattern, and industry appeared to be accumulating more Bitcion and strong altcion pairings (like Ethereum ), the altcoin market began to show growing bullish bias, and the delta between TOTAL2 and Bitcion grew. APR: Currently TOTAL2 is around 25% higher growth relative to 01 December than Bitcoin . By now everyone is aware of Bitcion's struggles to escape 60k. Bitcoin tried and tried again, but was sound rejected each time. At this point Bitcoin isn't even posting a higher high within the supertrend and is ranging with a slight bearish bias. I don't see this as the top of the cycle, there are no obvious indicators to say so, like massive exchange inflow, heavy miner selloff, Pi (close but not crossing yet), MVRV and others. In fact it appears that big money/industry is accumulating heavily at this stage in advance of what most of us considering a continuing bull cycle. But short term it appears that Bitcion isn't healthy and will likely continue to retrace to lower levels as it ranges between ~55k and 59k. What does that mean for our altcoin market ( TOTAL2 )? Most of you probably also observed that a lot of altcoins, like Ethereum , are climbing. If the past is any indication, even a brief alt season can reap generous rewards with minimal effort as the market's interest (ie. money) moves into altcoins, but be careful and set stoplosses where you can. Also be aware of the countless scams and rugpulls found out there. I'd say if all else fails, try to accumulate more Ethereum as that is an industry favorite behind Bitcion and probably very undervalued against potential ETH 2.0 valuation. However there are numerous excellent altcoins to invest in if you so desire. Okay, so what happens in the remainder of April, and beyond? Well if we use the extremely limited data set of January where Bitcoin outgrew TOTAL2 by 30%, it took around 30 days from that peak for the TOTAL2 market to flip dominance and outgrow BTC . Lets assume we see Bitcoin in a 30% deficit in April, it will be around 30 days from that point until Bitcoin retakes dominance and we see another run to break out of 60k. This would actually give Bitcoin and a great deal of the retail market a cool-off period, lower the price, lower the greed/fear index, lower some other indicators of cycle top, and give us the runway to aim for the mythical 100k target. This would put Bitcoin as reassuming dominance in mid May, and peaking shortly after at a new ATH . Some other food for thought: With an unprecedented amount of big money/industry/banks investing in crypto markets this year, we should expect that some indicators/patterns that worked in the past aren't as relevant now. Also the appetite for altcoins could see a marked change as investors realize there is a large ecosystem of coins and technologies represented that they can speculate on, we will possibly see the altcoin market continue to grow far beyond what we see now. Technology like Ethereum is just a hint of what a more mature market would gravitate towards and future bull markets will undoubtedly see altcoins gain a larger share of the market. This is just a very topical analysis. I should go back and compare other TOTAL2 / BTC flips to better guage a possible timeline. Trade with care and look for decreasing TOTAL2 dominance as a signal that Bitcoin may be poised to resume a proper and reliable uptrend.
CRYPTOCAP:TOTAL2
by 1BigPapi
1
BTC/USD (Mini Consolidation?)💎Technical Analysis Summary💎 BTC/USD -After the bullish rejection at the 50D MA for the 2nd time -Bitcoin is up by almost 20% from the recent daily higher low point -Currently, the price has been consolidating in this small range between 56.6k-60k dollars -If this a mini bull flag to break into a new all-time high price? -Or a little weakness as the bulls are not showing any strength to go higher anymore? -This is like a calm before the storm at the moment -We can see the BTC dominance is dropping to a new lower low, currently at 58.5 level -Many Altcoins are performing extremely well this past few days -Since it is the weekend, BTC can move against you since the market is a bit choppy -I always recommend booking profit and move stop loss at BE to reduce your risk -If in case we will have a pullback, the 54k-55k is a good potential support -And if BTC will make a new higher price, I will start scaling in for new positions -Anyways, Good luck everyone! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉 `````````````````````````````````````````````` 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!😊💕💖 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
10
TOTAL2 chart nearing 1 trillion dollars; alt season is booming!It isn't as apparent just by watching the btc.d (bitcoin dominance) chart until just recently but we can see on the total2 monthly chart (every crypto except btc) that we have been in a healthy alt season for several months now. We can see just as many impressive consecutive green monthly candle closes on total2 as we can on btcusd and it looks like the total2 price action will be heading for 1trillion very soon. I totally expect the whole market to soon be at 2 trillion. This is an incredibly bullish chart that should continue to make new ath's. *not financial advice*
CRYPTOCAP:TOTAL2Long
by DrDovetail
Total Altcoin Market On Its Way To $1 Trillion Market Cap1 Year ago, on March 31, 2020 the total altcoin market was valued at $62 billion. Today Ethereum alone is valued at $210 billion. TOTAL2 measures the total market cap of all altcoins (Total crypto market with BTC excluded). The Total Altcoin Market is currently valued at $700 billion while BTC has a market cap of $1 trillion. Looking at TOTAL2 there is resistance at current market cap level of around $700b. The altcoin market is continously making higher lows and is creating somewhat the same highs. This is creating an ascending triangle meaning we can see global breakouts across altcoin markets in the coming days. The Relative Strength Index is showing bullish progression. RSI seems to be "breaking out", an RSI level of 85 seems like a good index level as a target. On the Weekly Timeframe you can see this market is healthy by retesting previous alltime high zone: Does this market structure look familiar to you? It might remind you of BTCUSD at the end of 2020, it has the same type of market structure. If the altcoin market follows the same course, things could get very exciting for altcoins: Next I looked at some of the top-10 altcoins by market cap such as ADA, BNB & THETA and they all look bullish or creating bullish patterns. If the total altcoin market increases 42% in value, the altcoin market would be valued at a market cap of $1 trillion. This is a huge psychological level and when BTC hit $1t market cap this created alot of FUD and Bitcoin dipped 30%. BTC's Dominance in the overall crypto market remarkably finished making a perfect Elliot Wave: (This chart works with percentages on the y-axis.) 3 strong impulsive waves (1-3-5) followed by a 2 corrective waves (A-C) and retested previous trend perfectly (B). Great Elliot wave! Bitcoin also pulled back perfectly to the 50k USD zone. This is very promising for the longterm! The longer price stays around this area, the better it is remembered by people for the longterm. If a number like that is skipped too fast it can create unsustainable growth and uncertainty/doubt for the future. Also when Bitcoin increases in value, it is almost inevitable altcoins will too. So I come to my last bit I want to mention: every last Friday of the month the contract options of CME expire. This usually creates a dip nearing this point in time. It's one of the biggest exchanges for trading derivatives and has an effect on the Bitcoins market:
CRYPTOCAP:TOTAL2Long
by jonathanvn
BTC/USDT (Good Sign of Strenght)💎Technical Analysis Summary💎 BTC/USDT -After the recent 50D MA support retest, BTC is up by 18% in 4 days of trading -Yesterday candle manages to close above the 57k level which is a good sign -I think if Bitcoin can sustain this daily candle, the chances to retest All-Time High increases -But if we will have a minor pullback, the 55k zone would our potential local support -To maintain its bullish uptrend structure in the daily chart -As expected, many altcoins are already recovering from their recent dips -Some are making new Higher Highs already which is a strong sign in the over-all market condition -The BTC Dominance is at 60 levels, if this level breaks down, we will have a good altcoin season again -But if the Dominance chart increases above 62 levels, we need to prepare for market pullbacks in altcoins -If you have a good position and bought the dip last week, please book some profit or move your stop loss at BE -Reducing your risk and protecting your profits is our main goal once the trade turns in your favor ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉 `````````````````````````````````````````````` 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!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
19
BTC/USDT (Retest Trendline Resistance)💎Technical Analysis Summary💎 BTC/USDT -Previous update Bitcoin is testing the 50D MA support -The Bulls entered the market and we saw a strong bounce from 50k area up to 56k level -Currently, the price is retesting the previous trendline resistance -This zone is a confluence of resistance Fib of 0.5 - 0.618 -Well, the trend is still our friend but BTC needs to break this short term resistance -To increase our bullish bias in the midterm action -We still have few hours left before this weekly candle closes -Most altcoins saw a good recovery this past 3 days of trading -If BTC can break and sustain above the 57k level -I think many Altcoins will come out strong making new Higher Highs -But a failure to go above the bullish area will lead to testing the lower 53k dollars -Either scenario, you must always have a trading plan and exit if the trade becomes invalid -I hope you all enjoyed your weekend! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins plancton0618 🙏🎉 `````````````````````````````````````````````` 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!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
16
Get ready for Next Alt Season , Total2 Analysis 🔥🔥#TOTAL2 : Altcoins Total Market Cap Well, we were going to talk about the Altcoin Total Market, analyzing the indices is hard and responsible work because candles are a function of volume and not every pattern and indicator can be used, and most of the work is based on behavior. In Total2 we have an uptrend that is still maintained from the previous analysis 2 months ago and a possible Ascending Triangle pattern whose trend bottom is marked in orange and a heavy resistance at 700 billion. We have two scenarios ahead : 1- Breakout resistance in the current wave 2. Correction to the bottom of the trend at 575B and breakout of the 700B resistance in the third retest and the next wave According to the chart, I see the Alt Season probability if we keep the trends and in this wave or the next wave break the heavy resistance of 700 billion ascending triangles and move towards 750, 806, 941 and reach 1450B at the end of the wave Because we are at the end of the compression, we should expect a sharp move in the next few days, which I expect to break the resistance upwards
CRYPTOCAP:TOTAL2Long
by imanpajand
15
BTC/USDT (Testing 50D MA Support)💎Technical Analysis Summary💎 BTC/USDT -Bitcoin broke its minor support at 54k dollars from my previous post -The price touches the 50D MA dynamic support again since January 27 -if history repeats itself, BTC might retest the trendline resistance -But if the Bears can maintain its current momentum -I think we will have to watch the 45k major support in the coming days -This downside correction will print another -12% move -And will cause deeper correction for most Altcoins -Please be careful, make sure you have proper risk management in times like this ⚠️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!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
20