Total2usd
TOTAL2 Bearish ActionSitting on bottom of Gaussian channel, room to either break channel or move upward. TOTAL% > TOTAL2% Bearish move imminent is my best observation from these two charts.
TOTAL2 The wild little brotherCrosses incoming. Movement of TOTAL2 seems to be a lot stronger than that of TOTAL in both directions. Possibly indicative of alt season. Both however seem quite bullish.
Look at the flow of the coin market.It looks a bit different from BitMEX exchange, but I think I made a flag.
It's a short period between BTC's 100MA and 200MA, but it seems to have watched the price flow.
The reason for this trend can be seen from various indicators, USDT dominance, TOTAL, and TOTAL2.
We expect the Bitstamp exchange to move beyond the 9837 BTC midway point.
As always, you shouldn't just look at one side of your investment.
If you're not prepared for the ups and downs, if the flow goes in the opposite direction you think you can't cope and miss time.
If the price falls, it is likely near the 50MA and Ichimoku baseline or near 20MA.
I should not be shaken.
TOTAL2It is strange to check the coin market funds as an indicator, but it is expected that "rising divergence" will diverge and rise.
The 100MA and 300MA are above 73.272B and there is also a downtrend line.
This 73.272B is an important point in the previous chart.
The 67.614B point is where the altcoins come together and the 73.272B is where the altcoins start to climb.
Around November 1 is inflection day, and it is very anticipated whether we meet such expectation.
If the price stays above 73.272B, we expect the Alt bull market to begin.
TOTAL2As with TOTAL, 73.272B is an important point in TOTAL2, and around November 1 is the inflection day.
Since the remaining funds minus the BTC's funding is TOTAL2, it would have to rise more than it is now for the alt to rise.
Also, since BTC's inflection date was yesterday, I'll have to watch the situation until today.
I believe that in order for the BTC to go higher, more money will flow into the altcoin and the altcoins will have to rise to increase the price of the BTC.
This is because the funds are so concentrated in the BTC that it is not easy to rise.
Altseason! &extraPossible futures of altcoins, marketcap could be pushed back into the 100B+
Did I do the fibonacci spiral correctly? Couldn't find the tools to properly sketch out full roadmap of TOTAL2, let me know your thoughts
:)
XBTUSD + USDT Dominance + TOTAL + TOTAL2We anticipate BTC's 100MA breakthrough, USDT's dominance will fall below 1.70, and TOTAL and TOTAL2 break through the downward trend line.
If all is done, it is expected to rise above the 10137 point. Altcoin is also expected to rise a lot.
If it fails, it will fall to 8931, the top of the box.
TOTAL2Although it is falling along with the flow of BTC, the cash status of coins excluding BTC is not so bad.
I'm following "Trend line formed in May 2017 and over December 2018".
It will change as we move forward, but if it continues, we expect the Alt bull market to come.
Crypto Total Market Cap Exclude BTC (TOTAL2)Beyond the 67.6148 point, it confirms the transfer of funds.
This week's flow may indicate whether the price will stay above the 67.6148 point and rise above the downtrend line.
Since the funds did not increase exponentially, they can fall below the 67.6148 point at any time.
I expect funds to go well and rise above the downtrend line.
TOTAL2's own inflection date is around November 21.
Crypto Total Market Cap Exclude BTC (TOTAL2)This is a chart of funds of the entire coin market after minus BTC.
Touch the light blue uptrend line and it is rising.
The day when the downtrend line and the uptrend line meet is around December 4, 2019.
I think it's a chart that tells if the movement of funds is moving from BTC to Alt.
We hope to climb beyond 67.614B to form the basis for the Alt bull market.
Let's see what happens with the transfer of funds on the upcoming BTC inflection day.
Some ideas about the movements of TOTAL2 market capThe alt marketcap appears to be nearing the end of correction and looks to be heading for a small recovery in mid/early october
Bullish Divergence printing near old trendline
Some apex descision points in confluence with PA and older trendlines
Altcoins Market 4hr: Ascending Triangle Turns Rising WedgeAfter getting rejected last night from the ascending triangle breakout, the altcoin market appears to be forming a bearish rising wedge pattern (purple) while falling below the 200 MA. If the price continues to correct back down to the ascending triangle (green) trendline and finds support this would be a bullish sign. If the price continues to move upwards from the current 4hr low, it will confirm the bearish rising wedge pattern and likely breakdown to previous support levels. Current outlook is therefore leaning bearish unless price finds support from the ascending triangle. Finding support above the 200 MA should be easier within the ascending triangle, which it is now entering.
See previous ascending triangle analysis:
