The bulls return - altmarketTOTAL2 has been rejected bullishly at the 50MA on the daily chart
While OTHERS has been rejected bullishly at the 200MA on the 4Hr chart
Observation post
Total2usd
TOTAL2 Possible supportPrevious bounce can be seen on this fib ma line,
bounce may occur again
this is the 4H chart
TOTAL2 RSI suggests bear trapAn idea using the RSI indicator
If this pattern reemerges we are only in the beginning of the move
I hope its a bear trap xD
TOTAL2 Vs TOTALOne looks quite bulls
while the other looks a bit bearish with the double top in action
Good time to buy up some alts
Where is the TOP for the market? Using Fibonacci time and identifying base structures we can use this tool to identify when the next top will be
0.618 was favored in the last bull run as a top point and will likely be favored again
This top aligns with June 2022, so we have a lot of the bull run left
I haven't assigned a top point because this could absolutely m00n, and just knowing the time is enough imo
I have done a lot of research into TOTAL2, here is some of my previous ideas
Uncanny Similarities TOTAL2Using True Strength Indicator to display similarities
Comparing last bull run to possible and likely future bull moves
Looks really good so far
Let me know through message or in comments if you would like a link to this indicator !
The Cryptocurrency Bullrun has Alot LeftComparison between TOTAL and TOTAL2
A heap of room to grow
Making assumptions based on the previous bull run
The Irony Within the Market - UGLYI know beauty is all about perspective, so here's mine
This is an ugly formation
While NFT's (digital artwork) within the Ethereum community continue to explode, an array is present, and as they cement their place
We are stuck with this ugly (W) formation on the Altcoin market
I just find it Ironic, I had to post
Maybe irony presents a form of truth?
Above is a long term chart of the altcoin market of mine, hopefully it provides clarity
Total2 - What Happens Next? Hi, this is my new analysis on crypto total market cap exclude BTC. Right now we are in good formation, the support level 495-500B was very strong. Now we have to check if we can get through the resistance 575B, if we do so, we are going to takeoff. But if we get rejected then we are going to make (head and shoulder bottom) and that is a good sign, for a bullish momentum. So be patient and don’t panic 🙌🏼 100% Bullish 🚀
Evaluating the Bullruns StrengthIt can be seen within the present bull run that BTC is outperforming ALTS (Aggressive Alligator Spread)
While in the previous bull run ALTS outperformed BTC to a degree (Aggressive Alligator Spread)
What is the cause for this changed?
Possibly the introduction of larger institutions entering into Bitcoin, but something tells me its the saturation of the altcoin market that has allowed for this to occur. More altcoins = dispersed opportunity.
Comment your thoughts below,
I'll link the Alligator indicator below for you guys :D
Heading for a large MCAP ? TOTAL2 A bulls perspective of the current situation on TOTAL2
Within a falling wedge above 1.618
This may lead to a breakout and a test of 3.618
The bulls continue!
TOTAL 2 About to breakoutTOTAL 2 has two possibilities and most likely it will breakout on the 5 try.
Manage your positions carefully.
ALTS have more room for growth than BTC2.618 is the target for Altcoins (total2)
2.618 has been reached on TOTAL, which incorporates bitcoin.
I believe we will see a strong altcoin dominance this year
Attaching some of my previous TOTAL2 and TOTAL charts
I am long BCH, AugurV2, Ethereum..
#ALTMARKETCAP on Support! Keep CALM!Welcome to this quick update.
ALTMARKET CAP : Reason I have been covering this up again and again and not just a particular coin is the growth of every altcoin depends on this chart.
If it's bullish every altcoin will pump some more some less.
So keep an eye on TOTAL2 So far all looks good.
Daily must close above $508 BILLION rather I would say above 50D MA to continue to the upside.
Be cautious with altcoins, even I am holding some trades in which I forgot to put SL's (I know some of you did that too, it hurts ).
Currently the chart is holding both the MA and the support line.
Need to be careful with BTC.
Stay tuned
ALTMARKETCAP Dead Accurate Call! Now what?The previous post has been dead accurate and perfectly followed my analysis. I am leaving the link below this update please go through that update too.
Closed above $508 and also 10% UP since the post.
This is a 2 hour chart, I believe an inverse H&S breakout is likely here.
Once it does we will see more green in alts.
The only issue here is the 21D MA (purple line) which is around $560 billion now.
We need a close above this level. Once we do added with the Inverse H&S Breakout party will officially be on!
Don't give up on ALTS I reckon we haven't even started yet.
Do hit the like button and support my work. It means a lot to me and keeps me motivated to post more informative and lucrative updates/trade setups for you all!
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Stay tuned.
TOTAL2 Further researchTOTAL2 seems to be in a bullish trend
further analysis of this uptrend will be done
TOTAL2 possible TOPan idea for the top of the total market cap excluding bitcoin
A previous rejection at 4.618 shows potential for future rejections
This is the next strongest trend where 4.618 can be seen to be a potential rejection point
Market Cap Idea TOTAL2Continuation of the apparent parabolic rise that is occurring
Looks very bullish
TOTAL2 Extended wickYou can see the wick extend over the fib level .382 and 0.618 in W formations,
Bull run may repeat, could be a disbelief phase
Personally I am long ETH, massive potential
Heres another idea for BLX
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
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.
