TOTAL2
BTC Bull Run (2021 vs 2023)A comparison of the position of the chart when Bitcoin rises in 2021 and the extent of the impact of the acquisition on the market when it falls after the rise to the same current price areas of 43k.
While thinking, I received an alert notification from Trading View with news that intersects with the current thinking
News About at tradingview
and it is from cryptopotato cryptopotato.com
Author: Chayanika Deka
🔥 Altcoins Most Bullish Since Summer 2022The total altcoin marketcap (which is the total marketcap minus BTC's marketcap) has reached a new high since the August 2022 top. With a BTC trading around 42k, it was a matter of time before rest of the market started moving upwards as well.
In my view, this is one of the most bullish things in the market since it has been overall just a Bitcoin party (check out the Bitcoin dominance for example). Let's see if we can convincingly break out of the ~1.5 years of accumulation.
For now, I'm looking at a near-term target of 860B and a 1.25T long-term target, which is essentially a 2x on the entire market. We will get there somewhere next year.
Things are looking great for crypto.
total2And in the case of Total 2, there is a heavy resistance range in this price, which can touch higher numbers if it is crossed. It should be noted that we have already identified this area where the price is located and we have updated it now.
ALTS Exciting time to be invested in the crypto market.The altcoin market is one of the markets that deserves our attention as we close 2023 and start the new year. We have been mentioning that on numerous analyses but the current idea couldn't display it in a simpler, yet more informative way.
As you see this is the total market cap excluding Bitcoin (TOTAL2) on the 1M time-frame. The 1M MA5 (blue trend-line) is about to cross above the 1M MA20 (green trend-line) and form the first such Bullish Cross pattern since April 2020. The only time besides this one that we had such pattern formed was on February 2016. What followed after both sequences was insane parabolic rallies, what is known in the market as 'altseason'. The 1M RSI patterns of the current and the previous Cycle are identical, starting with Lower Highs and now pointing to the exact symmetrical level of April 2020 as the RSI is taking off.
Insane alt season just starting?
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Looks Like ALTSEASON Is About To Start!By the looks of it Altcoins are going to have a mega partytime starting right about now!
Not financial advice but I would surely would like to have altcoin exposure now.
SUPREME TEST FOR CRYPTO MARKET!I am posting this #Chart for those who are too #BULLISH in the #Crypto market now!
1. Below I attach a Weekly chart on TOTAL.
I'm not going to explain what #TOTAL means, I recommend a research.
2.As you can see, this macro trend was broken and now the price has reached the retesting area of the trend line, which has now become a resistance + monthly resistance and the 0.5 fib level.
3.So here it becomes the ultimate test for the crypto market.
It is necessary for both resistances to be broken and confirmed so that breaking the trend line is actually a fakeout on a monthly basis.
4.A rejection from this point would mean less liquidity in the market and obvious corrections to measure.
I don't want to scare anyone, I'm not bearish, I'm simply following the evolution and price action.
ALT Season Is Starting - Total Market Cap 2MartyBoots here. I have been trading for 16 years and I am here to share my ideas with you to help the Crypto space.
This video and chart helps show you ALT Season is about to start.
The ALT Market is in its bottoming phase, be prepared. ALT Season is coming. This is the time when its possible to make life changing money .
Do NOT miss out on this coming bull market
CryptoCheck Team
Valuating BTC $461,265 & ETH $38,869 in 2024-25 (USD MODEL)
People pricing the market based on "Market Cap" on a new asset class that cannot be valued properly by a "Market Cap" need to check their models, I'm even more convinced something big will happen in 2024 as most Twitter comments (I've read thousands) are waiting for a 2025 (bull market) and think its completely out of the possibilities for the prices I have mentioned.
Cboe and institutions have expressed interest in Ethereum, and it's the only reason why I gave it a second look, even though I think the Ethereum Foundation is clueless. They're not going to be in control of Ethereum once they step in. My theory here is they don't want to pay to recreate a 'blockchain community'; they want to simply outright purchase Ethereum while it's cheap.
The current USDT market cap serves as a great proxy for assessing how much money can move the market. USDT is unique in that it's the only asset to which you can apply a proxy market cap, given its $1 = $1 circulating supply.
$17,362 billion or $17.36 trillion is the amount deposited in commercial banks in the USA. When comparing stable coins to bank deposits, the number varies, being 190-205 times larger than USDT. Yes, this is specific to commercial banking, highlighting that Tether (USDT) is much smaller than what many people perceive as 'real money' in the broader world of finance.
Let's run a simulation: once Spot ETFs are launched, and people participate in futures, it opens the doors for real banking and institutional money to access assets like BTC and ETH. To reach my price targets, a simple 9.85x increase in the money within this asset class is needed.
What does this indicate for the market caps of these assets?
Bitcoin: $9.0 trillion
Ethereum: $4.7 trillion
So, ultimately, Bitcoin will surpass in size, but in terms of performance, Ethereum has a chance to lead.
But is it impossible? Well, how does Bitcoin have a market cap shy of a trillion when there's less than 100 billion in stable coins? Additionally, not all of this is invested in Bitcoin. Indeed, market cap is a terrible metric, we still have retail money that moved Bitcoin by $10,000 on the thought of a Spot ETF approval.
If the Bitcoin spot ETF is approved before January 11, it's going to spark a FOMO rally from institutions, leading to inflows of potentially billions per week, and even billions per day
In addition to this, institutions will launch global marketing campaigns, and there will be daily TV reports on this asset class. Once the Spot ETF door opens to allow flows into this, you better have prepared your positions—I already have.
Larry Fink will talk about these assets but won't do internal & external marketing why?
he slipped up saying "crypto" is a flight to safety in October meaning he has done the same research and decided its go time.
hundreds > thousands ✅ 2010-2012
thousands > millions ✅ 2015-2016
millions > billions ✅ 2017-2019
billions > trillions ❔ 2023-2025
"Analyzing the Total Crypto Market's Breakout and Support Shift"Being a contrarian thinker, I often hold opinions that differ from the mainstream, whether it pertains to stocks or cryptocurrencies. I find myself venturing down an unconventional path, distinct from the majority.
The provided weekly chart depicts the total cryptocurrency market, excluding Bitcoin. Here are some key observations:
Price action has successfully broken free from a resistant trend line that had persisted for two years. This indicates a significant shift in market dynamics.
Furthermore, this former resistance has now transformed into a confirmed support level, a development that underscores the potential for continued positive momentum.
The mention of "10x" likely refers to a significant increase in value attributed to a wedge breakout. Additionally, the term "flag pole" suggests that the market's peak can be projected following the breach of previous resistance levels, akin to the early stages of the 2021 bull market.
However, it's important to exercise caution and remember that this upward trend may not apply uniformly to all alternative tokens (alt-tokens). In contrast to the past, where a broad approach could yield success, the current market demands selectivity. Therefore, it's crucial to make well-informed choices when navigating the market.
Regarding the possibility of further market corrections, while it is technically feasible, it is not deemed likely based on the presented analysis.
In summary, the analysis emphasizes the value of contrarian thinking and suggests a promising outlook for the cryptocurrency market, albeit with a need for discerning and selective investment strategies.
In the daily time frame, the total market capitalization for cryptocurrencies (often referred to as "TOTAL2") is currently in the process of breaking out of a symmetrical triangle pattern. From a technical analysis perspective, this breakout suggests the potential for a 50% rebound in the market's overall value, as dictated by the symmetrical triangle pattern. Symmetrical triangles are typically seen as continuation patterns, and their breakouts often signal the possibility of a significant price movement in the direction of the breakout. Therefore, the current breakout from the symmetrical triangle is being interpreted as a signal that the market's total capitalization may increase by approximately 50%. However, as with any technical analysis, it's important to consider other factors and perform comprehensive research before making trading decisions.
This chart is likely to help you make better trade decisions if it does consider upvoting it.
I would also love to know your charts and views in the comment section.
Thank you
TOTAL2 is About to Explode!The crypto market is abuzz with a significant phenomenon - the shrinking of the total market capitalization, excluding Bitcoin (BTC). Contrary to what one might expect, this contraction often precedes a major pump in the world of cryptocurrencies, signifying the potential for exciting price movements. 🌌💥
Unpacking the Market Cap Contraction
Market cap contraction is a fascinating occurrence, one that hints at the complex dynamics of the cryptocurrency market. When we talk about the total market capitalization excluding Bitcoin, we're essentially looking at the collective value of all cryptocurrencies other than the big BTC.
The Compression Effect: A Precursor to a Pump
Why does contraction matter? It's because, in crypto, this phenomenon frequently acts as a precursor to a "pump," a substantial increase in prices. When the total market capitalization of altcoins starts to shrink within a defined range, it often indicates that the market is preparing for a major move.
Anticipating the Upward Surge
For crypto traders and enthusiasts, keeping an eye on this contraction is vital. It suggests that exciting price surges could be on the horizon for the world of altcoins. Such periods of compression often lead to increased trading activity, resulting in significant price movements.
Trading Strategy: Positioning for the Pump
As this exciting market cap contraction unfolds, cryptocurrency traders should consider crafting trading strategies to harness the potential pump. The market dynamics may offer numerous opportunities to capitalize on these upcoming price surges.
Conclusion: Crypto's Dynamic Landscape
Understanding the nuances of the crypto market is crucial, and the market cap contraction phenomenon is one of its fascinating aspects. As we navigate this period of compression, let's remain vigilant, prepared, and ready to embrace the opportunities that a potential pump can bring.
🚀 Crypto Insights | 💡 Trading Strategies | 💰 Market Analysis
❗See related ideas below❗
Share your thoughts and insights 💚🌐💚
When Do alts really start ExplodingThe top chart is Total2 on Weekly, and the bottom chart shows BTC.D.
We can immediately make an observation based on these charts that Total2, i.e. The market cap of all the alts is rising over time and is moving in an upward parallel channel while BTC.D is moving in a descending triangle, which is a bearish pattern.
This tells us that over time the total alts market cap is growing, and they are stealing market cap from BTC.
How can we use this to our advantage?
Using some trendlines we can see what happens to Total2 when the BTC.D tapped the downward sloping trendline, the total2 went parabolic after that.
Using the same trendlines we can project when BTC.D is going to hit the top downward sloping trendline, the chart shows it falls somewhere around December end and first week of Feb.
The BTC.D read at that time should be somewhere around 57 to 58%, this is also in confluence with target from the BTC.D Wyckoff chart I have shared several times past.
The two ellipses in the chart show how I expect BTC.D to move up in the next couple of months.
Also, as evidence here are charts of some of the alts from the previous two bull runs highlighting what happened to them after BTC.D tapped the top trendline. (Which happened on 17th of March and 21st of December.
ETH
ADA
MATIC
There are many others you can look up yourselves.
All this is contingent upon Continuation of BTC Rally beyond 38K in coming couple of months.
TOTAL2 - Clean BreakoutA strong breakout for the altcoin market cap
A small falling wedge structure within a larger flat type structure.
I expect a bull rally to come.
(TOTAL2) Alt coin market cap!!!!!Alt coins are bloody, the market moves based on Demand and Supply
If we go back to our chart, we can see here that there is not much demand in that area, between 600B to 680B.
In our previous data, in that area there was a good upward impulse movement, but now the sellers are more aware.
We can go back to the 400B range of the Alts marketcap, and we can still feel the price drop in some of our altcoins across the market.
be careful when positioning trades on different alt coins. Don't over trade too much. Relax and enjoy different things first to avoid big losses in the market.
PS: 400B support + Moving average 200 ; massive buying zone.
Happy trading!!
#altcoins will have a blood bath?Here' s the #altcoin #totalmarketcap incl. #ethereum . This chart shows , altcoins' market cap have come to the top of the channel. Declination here is will doom altcoin bag holders. Clear breaking channel with volume and weekly closings is the invalidation. I showed the support levels on the chart. The war is not good for markets, a friendly reminder. Always use stop losses. I don' t say buy or sell , always train yourself and this is NOT FINANCIAL ADVICE.
TOTAL2 - Falling WedgeA large falling wedge structure which is a bullish structure
This will be a break out of a larger long term structure that the falling wedge is encompassed in
The structure on the Weekly is quite flat, we might see Uptober for bitcoin and altcoins.
TOTAL2 - Retesting this Horizontal SupportTitle really says it all, simple support that is trying to be held.
TOTAL2 has been sitting around 500 - 550B for awhile now which is a bullish sign. Patience pays.
This is the 4Hr chart used to get a closer look at this support level.
Structural Similarities - TOTAL2The formation we are seeing now which is a potential bottom is similar in my eyes to what was seen before the massive moonshot on total2 post 2016
will there be a follow up run?
I am very bullish right now on TOTAL2 and cryptocurrency.
Golden Pocket Rejection We dropped down to a swing failure pattern May 12th. (a long wick down). We then sprang back up on the 15th to create a small range for the month of May. The low and high of that range used to pull the fib and find a golden pocket at 1.15 trillion . We have left that range long ago but since rejected from it twice. I wonder if we will retrace to the POC below and continue ranging? My gut says we go down but that doesn't mean anything really.
Now here's the thing. If you zoom out 100% and draw a fib from the lowest low to the highest high you will see the golden pocket is.........1.15 trillion. I cant make this stuff up.
TOTAL2 Hi Folks,
What is TOTAL2?
🔺For our new members:
--Total: It is the data that shows the total value of the entire cryptocurrency market.
--Total2: It is the data that shows the total value of all altcoins (excluding Bitcoin).
🔺Our Total2 data reached a record high of $1.70 trillion during the previous rally, followed by a sell-off wave that led to a drop to a local low of $435 billion.
🔺During this period, we witnessed many altcoins being delisted from the market or experiencing drpos of up to 90% in value, which was quite painful to watch.
🔺Technically speaking, we can say that this data set, which broke the downtrend, exhibited a consolidation performance in the first half of 2023.
🔺While tracking TOTAL2, we should not forget about stablecoins. It would be overly optimistic to say that the money exiting Bitcoin will flow into altcoins because we are currently not in a "bull rally" phase. The money leaving Bitcoin can also enter stablecoins.
🔺In the previous paragraph, I want to convey the following: It is now overly optimistic to say that if BTC.D (Bitcoin dominance) decreases, altcoins will rise. The money leaving Bitcoin may enter stablecoins, which could cause an increase in the TOTAL2 data, but it does not necessarily mean that altcoins will increase.
Things to Know Before Investing
🔺In the second part of this article, we will discuss what needs to be known before making investments.
🔺First and foremost, we are currently in a consolidation zone from a technical standpoint, as you can see on the chart. The decisions of the Federal Reserve (Fed) will directly affect this consolidation process. Especially on the day this article was written, there is an 80% probability of a 0.25 basis point interest rate hike at the next Fed meeting.
🔺Even if the Fed ends the interest rate hike process, experts predict that interest rates will remain high until 2024, and 10-year bond yields are already above 3.50%. While interest rates are at such high levels, it is still too early to expect a significant bull season for risk assets.
🔺As if the Fed alone is not enough trouble, we also have the Securities and Exchange Commission (SEC) going after altcoins. In recent days, the SEC filed lawsuits against both Binance US and Coinbase. However, to understand these lawsuits most simply, it is necessary to look at the Ripple case, which has been fighting against the SEC for years. The outcome of this case is likely to set a precedent.
🔺There is one important thing not to be forgotten: Even ETH was distributed/sold at very cheap prices to raise the necessary funds during its initial sale (approximately 16%). Unfortunately, this harsh reality exists for altcoins, and unreliable projects are prone to failure. Bitcoin, on the other hand, stands apart from altcoins as it never had an initial sale. We will address this topic again in another article.
Technical Data
🔺Altcoins haven't died; they are struggling to survive and providing buy-and-sell opportunities with high-profit margins to investors who use the right channels.
🔺Looking at TOTAL2, we can see that the downtrend was broken in January 2023, and it is consolidating and gathering strength before the next bull rally.
🔺$1.06 trillion is a critical pivot (fib 0.5). If there are closing prices above this level, we can say that the bull market has arrived. Otherwise, it will still present reasonable profit opportunities but will remain a reaction rally.
🔺Additionally, during the 2017-2018 rally, there were around 1,000 (let's leave the exact number to those who remember) altcoins, whereas currently there are over 25,000 altcoins. Choosing the right altcoin is crucial when there is a significant amount of money in the market. The number of slices in the cake has increased at least 25 times.
🔺Currently, the TOTAL2 data is testing the "AlphaTrend Sell Zone" resistance at $540 billion. If there are no closing prices above this level, selling pressure could increase.
🔺While the MACD generates buy signals, the RSI is struggling to break the 50-point resistance on the daily chart. If the RSI can close above 50 points, we can anticipate an acceleration in the upward momentum; otherwise, we expect increased selling pressure.
Bonus Chart 1: BTC.D 1W
🔺Bitcoin dominance continues to increase. Closing prices above 50.15 points can push Bitcoin dominance up to 54 points, which is expected to hinder the strengthening of the TOTAL2 data.
Bonus Chart 2: BTC.D vs ETH.D (Last 1 Month)
🔺In the past month, we witnessed Bitcoin dominance surpassing Ethereum dominance. But why?
🔺In its simplest form, we can say that the applications for spot ETFs for Bitcoin have played a role in this.
Dear reader, if you have read this far, I'm sure you have enjoyed it. You can give me feedback by liking and commenting. And if you happen to click on the share button, you can share this knowledge with people in your circle and together we can become stronger.
TOTAL2Hello
TOTAL2 has broken down an important trendline and all in all shows us that we will have super bearish market.
ALT COINS are well supported, waiting for a new High.The alt coin market (TOTAL2) following April's break-out above the Falling Wedge of the Bear Cycle that started in mid 2021, has pulled-back, tested both the 1W MA50 (blue trend-line) and 1M MA50 (red trend-line) as Supports. Currently we are seeing the 1W MA50 holding, having closed the last 6 candles above it. The technical Resistance is the 1 Year Zone within 618 (where the price got recently rejected) and 700.
On the long-term though, the Wedge break-out along with the formation of the Inverse Head and Shoulders (IH&S) pattern, targets much higher and more specifically the 2.0 Fibonacci extension at 1.135T.
Note that in the meantime, the 1W MACD completed a Bullish Cross 2 weeks ago, the first this past year (since August 08 2022).
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