ALTCOINS recovery is around the cornerHi traders
Altcoins are dimping way more than Bitcoin therefore let's have a look at TOTAL2.
TOTAL2 is in a downtrend but when we zoom out , we can see that in fact , it's just a consolidation inside the channel and long process of building the market structure.
It looks like we can see another crash (20 -25 %) in the altcoins market overall. Some altcoins will dump 20 % from current levels and some altcoins will go down probably even more, but it doesn't look like a market cycle phase when you want to short crypto s coins forever .
Chart shows opposity. We are in an accumulation phase on altcoins and dips are for buying.
In my opinion the problem is with increasing number of altcoins that exist .
As we analyze the Total2 (all altcoins' market cap) , but there are continually new coins coming to the market, it will be impossible for some altcoins to recover fully (and history shows that only few altcoins recover fully and make new all time highs), therefore it's recommended to choose altcoins wisely.
Anyway, once the accumulation phase is finished, we will see a mark-up phase where we would target 0.618 fib level (1,20T).
When it's gonna happen? Probably not in 2023. Patience is a key.
Long story short:
* If you wanna short, do so. But keep in mind that downside is limited
* DCAing into altcoins once (and if) we get the next altcoins crash may be a profitable strategy if you play it with a long-term horizon.
* Choose your altcoins wisely
* Be patient. Buy low, hold and sell high (0.618 fib leve)
What do you think?
Share your opinion!
Good luck
TOTAL2
CONSERVATIVE ALTCOIN MARKET CAP PREDICTION WITH DATESThis is my conservative Total2 (no BTC included) altcoin market cap prediction for a minimum all-time high.
Following the past trend, we can expect a high around ~$2.9 trillion . This is +156% from our current price and only a +75% increase from the all-time high prior to the last high in 2021. The expected date is an estimate taken from the number of days from the 2nd last ATH to the last ATH.
The data is only a single set and should not be taken as fact in the slightest. However, if we use it as an estimate, we will reach a new ATH on October 27, 2025 , which is 609 calendar days from today.
This is a strictly TA breakdown of the Total2 market cap. With full transparency, I think it is realistic that we will see a greater move than this. We may see this trend line only as resistance before breaking even further above $2.9T. I have no time estimate for this.
Everyone knows we now have Bitcoin institutionally adopted. ETFs have exceeded inflow expectations and could lead to greater ATH's than predicted, which could be an indicator for the same moves for altcoins.
Alikze »» TOTAL 2 | Super cycle wave 3 scenarioGrowth index of the crypto market except for Bitcoin, the scenario of wave 3 of the super cycle
According to the growth index of Total 2, which is apart from Bitcoin. This index is moving in a long-term upward channel, after a complete cycle and its complex correction, first with a growth in the form of a cycle and its correction is currently in the 3rd wave of 3 super cycles, which is the growth ability of this wave. At least 0.78 of the previous wave will have up to 100% of it. Therefore, according to the current microwaves, which is also in the 3rd wave, we should see a good growth in the crypto market. Regardless of short-term corrections, the crypto market cannot be weighed down or deeply corrected at the moment.
Therefore, according to the support in the major ceiling, the limit of invalidity of the failure analysis of the major ceiling will be.
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Total 2 heading towards double bottom breakout target. We can see the total2 chart’s price action has already reached the full target of the purple symmetrical triangle breakout. In doing so it also went above the yellow double bottom neckline and now is quickly making its way to hitting that full target as well. That full target is a 988 billion. In the meantime it appears like we may see a weekly golden cross soon. Take a look back at the previous weekly golden cross and you will see that if history repeats a true alt coin season will be melting faces in the near future. *not financial advice*
TOTAL MARKET CAP: HISTORICAL CYCLES!People are talking a lot about altcoins in the cryptocurrency market. They think there might be a big season coming up where altcoins, which are alternative cryptocurrencies to Bitcoin, could be worth a total of $5 trillion by 2025. This idea comes from looking at past data and patterns in the market.
Historical
Let's look at some past data:
It took about 762 days for the total cryptocurrency market value to be higher than it ever was before.
If things happen like they did before, we might see a new high around December 2024.
The last time prices went really high lasted for about 1066 days, and this time it could be similar.
Fractal Analysis:
This is a fancy term, but it just means looking for similar patterns in the past:
Between 2014 and 2015, prices stayed pretty steady for about 610 days.
Then, from 2016 to 2017, the value of altcoins shot up to around $400 billion.
After that, from 2018 to 2019, there was another period of steady prices for about 609 days.
Now, from 2022 to 2023, we've seen about 548 days of steady prices, which might mean a big change is coming.
Future Projections:
Based on what we've seen before, here's what some people think could happen:
They're guessing that altcoins could be worth $5 trillion by 2025, which would be a huge jump.
They think this might happen around September or October 2025.
Conclusion:
Looking at all this information, it seems like altcoins could be in for a good run in the next few years. If they really do reach $5 trillion by 2025, there could be some big opportunities for investors. It's something worth keeping an eye on as things develop in the cryptocurrency world.
TOTAL 2 - Feb/Mar 2024 Key Months for bullish price action TOTAL 2
Crypto Total Market Cap Excluding BTC
✅Above 100 week SMA
✅End of 149 week Cycle (new bull cycle starts)
✅Break above POC
🚨One last pull back (Make it count)
March 2024 is looking like a key month
(You have 4 weeks ~ dip the beak)
We watch for a failure too, if we lose the 100 week (first warning) and if we exit the lower pennant with a close....GET OUT.
PUKA
crypto $TOTAL 10T Mcap or more?recession bla bla bla
pullback bla bla bla
black swan bla bla bla
...ignore all that, the real question is what marks the top of this next cycle?
With the crypto total mcap holding above the VAH and all pivot avwaps it looks like heights are on the cards.
Of course blackrock and saylor got in at the right time, and it seems they will be propping and propelling the market to new ATHs.
When the mcap breaks 3T it will look to tag the 0.5 fib channel at around 10T, the question is if it can break up the mid channel where does it go?
in terms of distribution around 10T, im imagine 4-5T to be in bitcoin, and the rest distributed to the top 500-1000 alts projects (imagine an average 100B per coin - that will be wild).
whatever your targets are, aim higher!
Cruising Crypto Highs: Unraveling the Bullish Wavehello guys...
as you can see the price once broke up the ascending channel as well. and hunt the last range or consolidation!
as you can see from the bottom of the range the price hunted before!
so we can assume the first hunt was manipulating and the main trend is bullish!
______________________
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TOTAL 2 Cycles SynchronizationHere is the Cycles Synchronization of Crypto Total Market Cap Excluding BTC (TOTAL 2). At some point, between mid november and mid december 2025, I do expect around 3.5T Market Cap to be the top for the cycle. 1 year later, the Market Cap could be at around 1.5T, I think.
Will follow with interes...
$CRYPTOCAP:TOTAL | Unchained !Hi fam,
Hope you having a good time in crypto space.
As i promised and shared screen shot of CRYPTOCAP:TOTAL charts in the channel now I'm going to leave a chart here for easier access.
first we detected a range in our chart then followed trend action. after breaking out with high volume and making a successful S/R test it become more obvious to us that green candles are on the way.
(i will share some screen shots of the progress.)
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In this chart i pointed to critical levels that may affect uptrend and make a pause in it. As a conservative trader, at these levels i will take profit and reduce my open positions to secure profits and get ready for fresh waves.
** 1.65T $ - Previously support level that lost in May 2022 - This level hasn't been tested as a resistance since that time but must be watched closely for any reversal candles in D1 or W1 time frame.
** 1.8T $ ~ 1.85T $ is a known resistance level and this level is my main target before market correction. i will absolutely minimize my open trades.
** There will be shakeouts in all charts. try not to miss the main picture.
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As always, These are my ideas and can be wrong. Please DYOR.
Stay Safe,
Stay Rich,
#TOTAL2 #AltCoins #Short #Crypto #Market #DUMP #Soon #Eddy#TOTAL2 #AltCoins #Short #Crypto #Market #DUMP #Soon #Eddy
(("My analysis of Total 2 and altcoins is like this, from my point of view, it is possible to track the position of short selling transactions on most currencies in the market."))
- What do you think? Have you checked Total 2 in this time frame? Write me in the comments!
- My confirmations are based on Wykoff's review of Bitcoin in multi-time frame, as well as Bitcoin and Tether's Dominance review.
Its about Wyckoff ;-)
(( BTC/USD )) latest update link :
0 experience, Alt coin bull market rhyme forecastI just made a trend line from the bottom of the beginning of the chart, then used the fib tool, but brought the dotted line on fib tool in alignment with the trendline (probably not normal way it is used but IDK), and kept extending it out until I reached the top of the price range tool I had already set up from the 2022 bottom candle to 416% higher (5.3 equation made on crypto crew university for calling the bitcoin top (not sure if it has been that equation in the past for Alts tho but i still just used it.)) .... Then just counted how long in the past has the total market cap has gotten and stayed above the trendline i outlined, to try to get an idea of what may happen if the current alt coin market cap rhymes with the past.... I really don't have TA experience so don't look at it for that, just fun to forecast with my own lil twist on it
After ETF approval, selling is likely to continue on Altcoins.Not trying to introduce more FUD. I just want you all to be aware of what continues to occur in the altcoins space. As you have seen my recent video, major levels are breaking everywhere. This continues to be the case and, in fact, even the strongest of the altcoins are starting to struggle. TOTAL2 is showing a break from our ascending channel as we look to retest support below at around 683B. Below that we have our inverse H&S neckline at just over 620B. I can see us retesting that as well in the coming weeks. I will be avoiding altcoin entries this week. Only the most risk adverse may want to play any sort of spike here which would likely follow confirmation of the BTC ETF approval. But I do expect any spike or wick up to be quick, as the market may then sell the news.
$TOTAL - Bitcoin Halving Sparks $10 Trillion Crypto TsunamiThe cryptocurrency market is poised to grow from $1.5 trillion to $10-12 trillion in the next two years.
Key factors
Bitcoin halving in 2024,
Increasing institutional adoption,
Rise of decentralized finance (DeFi),
Integration of blockchain technology across industries,
Global economic uncertainty driving demand for alternative assets,
Ongoing technological advancements making cryptocurrencies more accessible.
These factors collectively contribute to the positive outlook for the cryptocurrency market.
CRYPTOCAP:TOTAL
CRYPTOCAP:TOTAL2
BINANCE:BTCUSDT
BINANCE:ETHUSDT
! Not an advice - DYOR !
TOTAL2 # 002 ( Alt coin season is started , Don’t Drop Behind ) Hello dear traders.
Good days.
On September Long term Monthly Gann Square time frame Finished and after a few days later Altcoin market cap start bullish rally .
Weekly Gann Square validity confirmed .
First Gann Arc resistance broken and after getting support it will start 2nd cycle bullish rally which will be 27-29.Nov.2023.
Road map is plotted with help of Gann Square and Gann Box.
Good luck and safe trades.
Thanks for your support and comments .
Total 2The recent pullback in the overall market value of Altcoins can be interpreted as a strategic re-test of a crucial support level on a higher time frame (HTF). The HTF support is a long-term support level that represents a significant point in the market’s historical price action.
Currently, the market value is holding above $700 billion, indicating that the HTF support is providing a solid foundation for the Altcoin market. This level is crucial as it has historically played a significant role in determining market trends. The ability to maintain a value above $700 billion suggests a potential resilience in the Altcoin market.
ETH, Ethereum, BTC, Bitcoin. Cryptocurrency, s4style
Looking forward, the next major technical challenge is expected around the $1.2 trillion mark. In technical analysis, round numbers like $1.2 trillion often act as psychological resistance levels. If the market can successfully surpass this level, it could indicate a strong bullish sentiment and potential for further upward movement.
Traders and technical analysts closely monitor these key levels to make informed decisions. The successful re-test and holding above $700 billion suggest a favorable scenario for Altcoins, but attention will be keenly focused on how the market reacts when approaching the $1.2 trillion resistance.
TOTAL2 - Market Cap BOOMThe current structure forming at this low is very similar to the structure that formed very early in the crypto market (45M) which led to a bull market towards (428B). I believe we will see another massive growth period pushing the market cap excluding Bitcoin well into the T areas.