TOTAL2
The Irony Within the Market - UGLYI know beauty is all about perspective, so here's mine
This is an ugly formation
While NFT's (digital artwork) within the Ethereum community continue to explode, an array is present, and as they cement their place
We are stuck with this ugly (W) formation on the Altcoin market
I just find it Ironic, I had to post
Maybe irony presents a form of truth?
Above is a long term chart of the altcoin market of mine, hopefully it provides clarity
Blueprint BTC/USDThe bottom was December 15, 2018. Just look at the charts. We are in a bull market. BTC market-cap will continue to grow until 1.5 trillion, but dominance will settle down to only 40% - 46%. Any large cap alt coin (XRP, ETH, LTC, IOTA, etc...) stands a chance to temporarily dethrone the Bitcoin, as market-cap will trend towards more even distribution. The flippening, that would be interesting!
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Do you disagree with this analysis? Please, leave a comment and tell me how you think I could improve in the future.
I am not a financial adviser, this is NOT financial advice.
Evaluating the Bullruns StrengthIt can be seen within the present bull run that BTC is outperforming ALTS (Aggressive Alligator Spread)
While in the previous bull run ALTS outperformed BTC to a degree (Aggressive Alligator Spread)
What is the cause for this changed?
Possibly the introduction of larger institutions entering into Bitcoin, but something tells me its the saturation of the altcoin market that has allowed for this to occur. More altcoins = dispersed opportunity.
Comment your thoughts below,
I'll link the Alligator indicator below for you guys :D
Altcoin Crypto Market to $50T by May 2022 ($TOTAL2)I've used a basic understanding that the market cap during the last bull run of 2018 grew approximately 10000 times from the bottom. I used one order of magnitude less for this target (1000 times from the bottom) to reach the upper end of a fibonacci target. We may find a short term peak somewhere in April 2021 after a precipitous spike, followed by the completion of the time fractal into a top around 50T at May 2022. From there, I would expect a similar 90% retrace as seen in previous crypto bearish cycles, and then possible a 100 times move from the bottom (one less order of magnitude again) to continue the move towards 500T market cap sometime in 2027.
#ALTMARKETCAP on Support! Keep CALM!Welcome to this quick update.
ALTMARKET CAP : Reason I have been covering this up again and again and not just a particular coin is the growth of every altcoin depends on this chart.
If it's bullish every altcoin will pump some more some less.
So keep an eye on TOTAL2 So far all looks good.
Daily must close above $508 BILLION rather I would say above 50D MA to continue to the upside.
Be cautious with altcoins, even I am holding some trades in which I forgot to put SL's (I know some of you did that too, it hurts ).
Currently the chart is holding both the MA and the support line.
Need to be careful with BTC.
Stay tuned
ALTMARKETCAP Dead Accurate Call! Now what?The previous post has been dead accurate and perfectly followed my analysis. I am leaving the link below this update please go through that update too.
Closed above $508 and also 10% UP since the post.
This is a 2 hour chart, I believe an inverse H&S breakout is likely here.
Once it does we will see more green in alts.
The only issue here is the 21D MA (purple line) which is around $560 billion now.
We need a close above this level. Once we do added with the Inverse H&S Breakout party will officially be on!
Don't give up on ALTS I reckon we haven't even started yet.
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Stay tuned.
Altcoin Rally Just Getting Started....Don't Miss it!The crypto market has been steadily trending to the upside since we called the $10k bottom. I see many are saying alts won't outperform Bitcoin again, I personally do not agree with that sentiment, and I believe we will see a similar alt market movement as we saw in 2017. Looking at the alt market cap chart, we see the alt market has just broken above its all-time high. I believe we are in an Elliott wave-like structure, and we'll see a wave 5 push up towards new highs. I do not believe we'll see the same multiples in the alt market as we experienced in 2017, but a strong push for much larger market evaluations seems inevitable. We saw upwards of 1000x in the 2016 2017 run, it would seem reasonable to me to see a 5x - 10x increase in the alt market this bull cycle.
Remember, stay level-headed, objective, and let the charts speak for themselves, NOT the new media.
#TOTAL2: Retest of Previous All Time High Confirmed!At last, the altcoin market cap retested the previous ATH!
Many Expected prices to keep going up w/ no pull back based on BTC's Price Action. Sadly this didn't happen!
Although sentiment has been shaky, I remain Bullish!
OK, important to remember that pullbacks are part of it.. you have to stomach 30% pull backs to reap the 3000% profits..
When price breaks ATH Level, and come back down to retest the previous ATH level, it's the equivalent to a support resistance flip!
This is where the strongest group of buyers are, & w/out a 'blackswan event', this market should steam ahead!
People new to this market aren't used to this volatility but let me remind you, in march 2020, BTC & Altcoins all crashed 50%+ in a day! This recent crash was nothing and also should have been expected!
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TOTAL2/BTC: Prepae For A Giant WaveI love this chart.
look at it. the rally is not even started yet.
thanks to time fibo and the upper resistance of the blue channel this correction was predicted. the orange line (which is 100% time retracement of two last highs) can be a good time for the main rally to begin. (or it may just begin a little earlier)
the main point is that there is still a lot of room for growth.
Anyway
Cryptocurrencies (altcoins, to be specific) are going to rock and what we saw in past months was only a small portion of a bigger movement.
BTC.D vs TOTAL2 UpdateAs you can see on the BTC.D chart we have a clear rejection of the MA200 and a bearish cross pointing down (MA50 - MA100).
This tells me the dominance will keep going down and downwards momentum will increase.
TOTAL2 target on fib extension points to 817b
This is not advice, just a follow up of my previous charts