The Real Golden Pocket is 1.15 T Total Market full chart 100% zoomed out Fib from low to high = Golden Pocket 618 at 1.15 Trillion.
Guess where we just rejected from? hmmm....
TOTAL2
TOTAL 2 ANALYSIS (1D)We see a lot of bullish signals on the chart of altcoins and bitcoin, but total2 says something else.
We should keep an eye on this chart because it is a way forward. The red area is really where total2 can go downhill
After the completion of the e wave of the big D wave triangle, we prepare for the descending wave E
The time frame is daily and time consuming
USDT.D DAILY : MARKET ROADMAPHi guys Hope you well.
UMM , As I said before this chart can show us the roadmap of crypto market . now I expect to go the demand box and then pullback , we have same area in bitcoin and total market cap chart .
use this chart for your trade.
SecondChanceCrypto
⏰25/JUNE/23
⛔️DYOR
Always do your research .
If you have any questions, you can write them in the comments below.and I will answer them.
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TOTALMARKETCAP :CRYPTOHi Guys Hope you well.
As it was said, the downtrend channel was broken and made a significant growth. Now I am waiting to reach the daily supply area, after which we can move towards the trend again. Just note that due to the dominance of Bitcoin, the status of other altcoins is different from Bitcoin.
SecondChanceCrypto
⏰25/JUNE/23
⛔️DYOR
Always do your research .
If you have any questions, you can write them in the comments below.and I will answer them.
And please don't forget to support this idea with your likes and comments.
Bitcoin Dominance & Total2Bitcoin Dominance Index (BTC.D) - calculated index that shows the ratio of bitcoin capitalization to the rest of the cryptocurrency market. CRYPTOCAP:BTC.D
It directly demonstrates inflow and outflow liquidity into the first cryptocurrency, due to which the investor gets the opportunity to predict a potential “altcoin season”
TOTAL2 - crypto market capitalization excluding bitcoin capitalization. An indicator showing the inflow of liquidity into altcoins.
Correlation
As a settlement index, bitcoin dominance is correlated indicator, and has a number of properties that can enable the investor to predict potential market changes:
Here is example of potential movements between this 3 charts
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✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes.
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• Look at my ideas about interesting altcoins in the related section down below ↓
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TOTAL2 - Daily Inverted H&SInverted head and shoulders structure is completing itself on the daily timeframe for the altcoin market cap (TOTAL2).
The right shoulder has potential to show extremely bullish results as is normal with inverse H&S patterns.
$BTC -Buy Opportunity- Bitcoin is sitting at a good buying opportunity on different perspectives
(long-term investing DCA, mid-term bounce- short term craze) ;
in the midst of TVC:DXY plunging today
Currently trading at Strong Zone of Support :
- S/R area
- Its Support of Golden Zone of 15K low to 31K High (CHoCH uptrend)
-Demand Zone
Looking for CRYPTOCAP:TOTAL2 as well to make some moves ( CRYPTOCAP:BTC.D should be surveyed)
TRADE SAFE
*** NOTE that this is not Financial Advice !
Please do your own research and consult your Financial Advisor
before partaking on any trading activity based solely on this Idea .
TOTAL2 LONG IdeaWe can see a clear Inverse Head & Shoulder Pattern that broke up, the long target is just at MA200 in 4hours chart. We should wait for retest confirmation to open long positions on Altcoins. Remember to manage your risk and Use stop lost in all your positions. I will update this Idea later.
TOTAL2 - Looking at the RSIDrawing channels on the RSI shows that we are nearly due for another up tick
This is the total market cap chart, TOTAL2
Weekly timeframe
TOTAL2 - Higher High Trend LineDrawing a trend line along the higher high that formed in prior bullrun puts forecasted MCAP at about 3T
The bars pattern might be a bit off but this is a massive move regardless.
BULLISH
TOTAL2 IdeaIn idea showing a large up move on the market cap chart
I don't think the current market cap is appropriate at all. We are yet to see the top.
The yellow line shows top points, with the last top being hit in 2017.
The last bull run in my mind was a sort of quasi bull run, leading to the one we are about to see.
Expanded Flat -> Triple-BottomTotal2 looks like an expanded flat completing its reversal at the end of a C wave.
It has twice bottomed just shy of the 1.618 for its trend-based fib, and may or may not reach a 3rd bottom near this area before exiting above its neckline.
If it doesn't reach bottom again, it's possible it could perform a move similar to what INDEX:BTCUSD did here:
However, it has so far failed to maintain a breakout if we draw a similar wedge on Total2:
A 1x measured target lines up with its 50% trend-based fib, while the 2x measured target for the triple-bottom lines up exactly with its 0% fib, exactly where total2 reached its ATH.
This would go in line with my theory that movements in DXY could lead to recoveries across multiple markets that end in double-tops.
Total 2 - Altcoins minus BTC TOTAL 2 - Crypto Market Cap minus BTC
Three confirmations for bull status
1. Above 100 week SMA (No where close)
2. Complete 149 weeks in Pennant (Dec 2023)
3. Break above Point of Control (POC)
The 2018 - 2020 fractal is overlaid for perspective only
The Point of Control (POC) is the price level at which the greatest number of contracts have been traded within a volume profile (THICK RED LINE).
This line naturally coincides with resistance overhead.
Its important to recognize that the chart is just a perspective that aims at helping with timing an entry with a good potential outcome. With three indicators backing your trade you would have a better probability outcome. So we wait for the three confirmations to occur. Could you be accumulating sure.... but why would you when we are under the 100 week SMA appear to have more time to burn before a Bitcoin cycle really kicks off never mind the altcoins. Its important to recognize also that this chart includes ETH and ETH has been performing exceptionally well this cycle. I will be completing another chart excluding eth in coming days.
I hope this chart helps you time your trade and your positing into altcoins, when the time is right, when we have confirmations and the wind at our back.
PUKA
Important levels and dates for $altcoinsStill think we'll see one push higher before the continuation of the bear market, however, alts may have a capitulation move first.
If we look at Total2, we can see that $484B never got retested as support. So it would make sense that price action would need to test that level before a continuation higher. If it does get hit and bounces off that level, you can see the chart would form an inverse head and shoulders pattern.
I could see a large bounce higher happening after to tag one of the higher two resistances (I lean towards the $800B one).
Let's see if this plays out in the coming months. It looks like this would all need to play out before August.
TOTAL2 Structural Similarities Early point in TOTAl2 evolution is showing similarities to the structure that is forming now on TOTAL2
This may be an indicator that market cap is going to go ballistic like it did in early 2016
Lets see what happens.
$TOTAL 3, ALTCOINS, ares in wait mode while $BTC adjusts#ALTCOIN are in an important position to BREAK UP or BREAK DOWN
The yellow line is VERY IMPORTANT
Redrew the lines we had before as CRYPTOCAP:TOTAL 3 (No CRYPTOCAP:BTC or CRYPTOCAP:ETH ) hasn't found its low yet (although may be basing)
Volume is reducing = good (less selling as it lowers is good)
RSI looks good
Lots of resistance but if #BTC moves higher then #altcoins should PUMP, pump hard
TOTAL2 - Rejection at .236A bearish idea for TOTAL2 showing a rejection at .236 fib
This allows another trend line to be completed at the same time
Market cap would drop to about 300B as shown with the price label
The REAL Crypto HALVINGWe are going to have a few weeks of down only and there is nothing you can do about it.
Half of the crypto marketcap is going to vanish in a quick tempo before things start looking bullish.
Buckle up!
TOTAL MARKET CAP ANALYSIS!!Hello dear traders, we here new so we ask you to support our ideas with your LIKE and COMMENT, also be free to ask any question in the comments, and we will try to answer all, thank you, guys.
TOTAL MARKET CAP ANALYSIS UPDATE:-The total market cap is moving in a long symmetrical triangle. Currently, it has bounced off its trendline support. The RSI is in the oversold region and is showing a bullish divergence.
A bounce off the trendline support and a solid breakout of the descending trendline will confirm a strong upward move. In case of a sustained breakdown of the ascending trendline, the market is expected to decline.
The MACD crossover is showing a contraction phase. A solid breakout of the symmetrical triangle will confirm the extension movement in the market.
The total market cap is above the ascending trendline support and trading inside the Ichimoku cloud. Volume is very low and the price is in the contraction phase.
Hit the like button if you like it and share your charts in the comments section.
Thank you
Bitcoin On Track to 26200 & ALTS Looking Strong Here!Traders,
The title says it all but I will show you why I am starting to grow bullish on altcoins here.
Stew
TOTAL2TOTAL2
Analysis
TOTAL2 is the total market capitalization of cryptocurrencies, excluding the total capitalization of BTC.
The chart clearly shows the formation of a bullish wedge. This is a technical analysis chart pattern that usually heralds a future uptrend.
📐A bullish wedge forms when the price range narrows and trading volumes decrease.
Usually, the exit from the bullish wedge occurs upwards, with a breakout of the upper trend line. This signals a resumption of the growth trend.
It is worth noting that you need to use additional indicators and analyze the news background to confirm the correctness of your forecast. Always trade responsibly and with a cool head.
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Total capitalization of ALTsPotential inverse Head and Shoulders, in case of breaking up resistance, we will observe pump and growth in the market
Not a financial advice
TOTAL2 Elliott Waves Analysis (altcoins)Hello friends.
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Everything on the chart.
Looks like we have correction in form of flat(3-3-5). If markup is right soon we should to see upward movement.
Entry: market and lower
Main target zone: 720 - 780B
cancellation of scenario - 500B
ALWAYS follow ur RM .
risk is justified
Good luck everyone!
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It's not financial advice.
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