TOTAL2
btc market cap bounces off 62 alts marketcap rejected 364 Rbtc market cap got a strong bounce off 62 area turning now to uptrend . alts marketcap hit a strong 364 b channel R .alts may bleed in ltf lock profits control risks looks sensible.
BTC testing 33.6k upper R band.
alt market cap
alt marketcap hits 364 b R and rejection forming alts may bleedtotal2 is forming a rejection atleast in ltf now which may cause alts drawdown . btc marketcap getting a solid b0unce from 62. trailing stop losses increased to lock in profits.
btc marketcap downtrend continues see u at 62btc.d is rejecting last of major supports in area hopefully to 62 nersxt major support
VERGE / TOTAL2 Comparison, upward likelyTOTAL2 compared with verge
each had initial cup formation
Verge took a more bullflag approach to the comparison
TOTAL2 looks more like its concealing a lot of beartraps
TOTAL2 Strong Horizontal StructuresTOTAL2 I believe will continue upwards, this is the easiest way to identify #altszn
If TOTAL2 > TOTAL, it is in a semi-state of alt season
TOTAL > TOTAL2 Its bitcoin season
Thought I would readdress this as it is a common misconception calling "altseason"
Conspicuous Golden Crosses TOTAL2First it was a 50 /100 MA golden cross
Now we are faced with a 100 / 200MA golden cross
This should lead to the reclamation of the major uptrend line, if you are looking to buy realise you are still early. Very early.
This golden cross will be epic.
A bullish TOTAL2 scenario MACDABC
Expecting a sharp move up above the ATH
Creating a new ATH and enters discovery price zone
MACD says it all
The gap fill, if it occurred would be horrific.
btc marketcap rejecting from para R alt market cap on supportbtc marketcap is getting rejected from key para & diag R
total is helding support
TOTAL2 Short Term Bearish ScenarioA bearish short term, ultra bullish longterm scenario
The drop forming a rounded top
Allowing a way higher move up
TOTAL2 AnalysisReached a significant resistance, the probability of falling to the numbers has been determined
Alt Season HopiumThis time it's different?
Not much to say about this, but if Alt Season doesn't happen here, then I don't know when or if it'll ever happen again!
TOTAL 2 Rising wedge.I'm still learning and a have a long way to go, but it looks like this Alt ride could still have some upside room, then a big retrace. Some coins have 3-5 times this run already and a pull back would be healthy before perhaps more upside.
