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TOTAL2

TOTAL2 Altcoin Market Cap RSI MACD Double DivergenceIt is really important to respect RSI MACD divergences since they most likely are working and showing you the way before it happens, also this situation happens at the exact 1.618 fibonacci extension level it is hard break through and the new trend's degree was quite high, so I am expecting a correction to the latest trend level drawn on the chart, the purple drawing shows the prediction of movement. I am keeping my positions open ( not futures ) , but I am aware that this is a possible scenario but eventually it will be the buying opportunity at it's best after the correction.
CRYPTOCAP:TOTAL2
by Kriptoteles
1
Work In Progress - Total Market Cap (excluding BTC and ETH)Last Bull Market was about BTC and alts, we saw some alt seasons clearly noticeable using the BTC Market Dominance Chart but now we have something a bit different. BTC is King and will remain King but that King found a Queen (nothing really new, no matter how you name it). For some traders/investor, ETH died a long ago. Nevertheless, as we know ETH reborn like a phoenix from the ICO ashes to be the most innovative and used Defi network. Not everything is great since ETH network is quite expensive. We all miss the sub 5 gwei fees for sure… Anyway, using some alternative methods to find where/when alts could be in exhaustion or expansion I decided to also use this new Market Cap Chart. On the top we have the Total Market Cap excluding BTC+ETH and below the Market Cap Dominance (excluding BTC+ETH). I do believe we now need to merge BTC and ETH into a single entity since ETH is clearly not behaving like many alts. I also believe ETH will remain more volatile than BTC. This chart isn’t about finding patterns/opportunities for each crypto but instead looking at everything to see where alts may find support or resistance, switching the cycle from alts to BTC+ETH or vice versa. By the way, I'm not assuming ETH will move with BTC but they complete themselves.
CRYPTOCAP:TOTAL2
by XNS01
Update BTC.D VS TOTAL2Update BTC.D VS TOTAL2 You can view my first charts at the bottom. I see a lot of BTC.D charts passing by here, but this is my opinion. First things first, what are the indicators telling me: TOTAL2: We saw a beautiful rise and resistance on the 1 fib extension, eventually broke it and even broke the 1.618 a few days later. Already tested back and this is now a good support zone. MACD here is high and momentum still growing BTC.D In the Bitcoin dominance you can see a nice break to the downside and i think this is not the end of a falling BTC.D trend Why: The SMA's on the daily chart show a lot of downwards pressure, the MA20 has crossed the MA's 50 and 100 to the downside. Also, these last 2 are turning to the downside. The last three days BTC.D went below the daily MA200 and this is a really important level. With the spike back up today as BTC rises to +40k we are touching (retesting) this level. All round conclusion (2 options): 1 - If the BTC.D does not break back up the MA200 today we get a important construction named the kiss of death and the momentum of the dominance drop will increase hard. Altcoins will go up hard and the TOTAL2 will meet the 2.618 fib extension at 514B $ or even overshoot it to the 3.618 at 618b $. 2 - If the BTC.D does break overhead MA resistance (MA200 and MA20) we could see an altcoin bloodbath and see a retrace of the TOTAL2 cap to 340b $ at the 1 fib extension level. This is not financial advice, just a way to spot early what will happen if you are invested in alts a lot. Thx for reading Here are the first charts: TOTAL2: BTC.D:
CRYPTOCAP:TOTAL2
by Dmoootje
2
Something big is coming?Let's find on the chart EVERY disruptive technology first makes an impact somewhere—often with just one so-called lighthouse industry that stands at the leading edge of adoption. A particular group of companies and customers grasp that technology’s long-term value and the ways it might upend current thinking. Aerospace companies, for example, envisioned early on 3D printing’s long-term potential far beyond prototyping! Over time, organizations from a wider array of industries came to see the potential of these and other disruptive technologies as they found more practical and diverse mainstream applications. Some term this process of industrial adoption the diffusion of innovations. Blockchain is going through a similar path of diffusion across industries far beyond its initial fintech applications. More organizations in more sectors—such as technology, media, telecommunications, life sciences and health care, and government—are expanding and diversifying their blockchain initiatives. Trade in profit! Push up Like button if you like my reviews and help you understand the current market situation! Subscribe to the channel and stay tuned for trading ideas that are not trading recommendations. And remember! You must have your head on your shoulders! Do not trust anyone - not even me :) Thanks to your likes, I understand how many people rated my review positively. I spend my personal time monitoring the market situation and share my opinion openly with you. Please take this moment into account and treat it with understanding.
CRYPTOCAP:TOTAL2
by Cryptalion
16
Total Market Caps Still in UptrendThere has been a period of consolidation over the last few weeks with no major moves yet. Alts have started moving up, but still seeing a lot of bearish opinions and uncertainty. The top panel you will observe the Total MC for cryptos. It's currently in a symmetrical triangle. The bottom panel is all Altcoins, which is in an ascending triangle. I'm expecting a break one way or the other in about 36-48 hours from now. The probable direction is up for many reasons. 1. We are still in an uptrend. 2. Bitcoin is still above $30K and the Alts are consolidating after decent moves up. 3. Institutional interest is still there; evidenced by Marathon's big buy. 4. The dollar is currently still weak and can't get above the 50D EMA. 5. Lots of bearish thinking. I think we go up to the targets with the green dotted lines, followed by a decent correction back down to test present levels, followed by the Altseason everyone's been waiting for. This move will likely take the market cap for Alts to $720-$750B It goes without saying that a breakdown from these levels will likely end our present uptrend, but that possibility is minimal imo. Remember this is only my formed analysis outlook. This is not an endorsement or recommendation to buy or sell.
CRYPTOCAP:TOTAL2Long
by CryptoDude79