Welcome to Alt season 🔥Crypto market and total 2 chart And also its weekly candle clearly shows that we will have very attractive pumps in small currencies. You just need to find the currencies prone to growth and enter the support areas.
TOTAL2 trade ideas
The time to be bullish on ALTS is NOW.It hasn't been that long (October 05 2023) since we called for the start of a major Alt Season ahead:
As you can see, we caught the absolute bottom on the 494.45 Support, a pattern purely modeled out from the January - April 2023 sequence. On today's market update we look it from a wider perspective by comparing the current price action to the previous 2 Cycles.
Based on the 1W RSI and Gaussian Channel, the current market consolidation since December is very similar to August - October 2020, April - May 2016. We are above the Gaussian Channel, which turned green after the week of January 08, supported by the blue Lower High Support Zone. The 1W RSI has pulled back from the December 2023 overbought levels, which is again similar to the 2020 and 2016 sequences. We are basically on the symmetrical Support level where the past consolidations bottomed.
As a result, the Alts Market seems to be around the lowest level one can enter before rallies similar to late 2020 - 2021 and early 2016 - 2017 take place.
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Total Crypto 2 (alt coins)this is a very simple idea of the kind of retracement that could be bullish for alt coins
if it doesn't manage to hold support, then it'd be bearish, a short period of time, until a huge liquidation happens and quick buyback happens
if support holds and we get one of these 2 pull backs, then alt coins will continue to rally
Educational purpose only
nfa
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...
Altcoins market capThe #altcoins market cap remains strong, holding above the important level of $686 billion. Anticipating a further upward move, I expect it to reach the range of $1-1.25 trillion very soon
TOTAL2 Altcoins Market Cap 1WOur plan is working great since several months! Now if it break the 778 level, the new upward wave will coming which is bullish sign for the Altcoins. So hold your coins with the patience.
When will be altseason?Hello, Skyrexians!
You know I have been waiting for altseason, but recently a lot of influencers talk about it and now I have some doubts that this altseason will be soon. Market have to make them disappointed before. Current TOTAL2 chart tells me that altcoins will pump in the upcoming month but not that much.
True altseason in my opinion will be only after a strong correction to 0.61 Fibonacci.
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Total2 looking guys I see Total 2 in the market during the correction, but this scenario might become interesting if executed. I'd like to know your opinion.
Altcoins' Gaussian Channel turned green again!Altcoins' Gaussian Channel just turned green! 🚀👍📈
Super bullish sign, just like in 2016 and 2020. Get excited!
TOTAL2All cryptographic formulations of money *except* BTC:
I shared an idea recently in which I suggested January (and perhaps some of February) could be spent deviating beneath first quarter retracement.
This idea came from the fact that in the last cycle there was a 9 week deviation beneath the first quarter before TOTAL2 reclaimed first quarter and then sent higher through its previous all-time high.
One thing to note is that during that deviation beneath first quarter last cycle, price found support at the weekly 12 moving average, which happens to also be where price found support this time around, earlier this month.
Perhaps that test of the weekly 12 moving average is a sufficient test of demand, and now that we reclaimed the first quarter retracement our bias should be that momentum to upside is likely to accelerate from this juncture, so long as we remain above first quarter.
If we lose first quarter retracement we can reassess, but with weekly 12 moving average moving higher, soon to be above first quarter, time is running out for bears to smack us back down beneath first quarter.
Also, important to note that with BTC ETF behind us, much of the speculation is likely to focus on everything but BTC (TOTAL2), at least until the halving narrative in late April, after which we may see a resurgence in BTC domination.
So for now, the increase in speculation around everything but BTC is likely to propel TOTAL2 higher into halving imo.
Also, worth noting that total time capitulation (in days since previous peak before marking up above first quarter) is roughly 1000 days currently, just like last cycle.
last push for ETH?Where are we in this cycle? I see a lot of discussion around this subject. People saying the parabolic move is about the start. I tend to believe we're not there yet. When we look at the total marketcap of altcoins, we can see this played out the same in 2020. Once we broke the bearmarket-high, we retested this zone as support, pumped a bit and correct after the second attempt. If history repeats, what it often does we see ether make a new high around 2550, and make a 30% correction after. I'll sell most of my alts if we see those prices. NFL.
#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 :
TOTAL2/BTC: The Altcoin Bull Could Get VERY Wild 🚀Hi Guys,
I've been away for the last month because I got banned and so i'll have to learn to save banter for other websites.
This has only affected my TradingView content.
TOTAL2/BTC is a really great chart for identifying the altcoin market cycle.
And while I was away, a very key candle has printed on this chart.
The chart is Bitcoin against TOTAL2. So it is Bitcoin against every altcoin.
This allows us to see the ebb & flow of Bitcoin and Altcoins.
I think that you really have to have a sense of humour to appreciate what is happening here.
In terms of macro market sentiment, we're just taking first baby steps away from the recession narrative with many fundamental based traders were hoping that the catastrophic crash that Schiff, Prechter etc have been pipe dreaming for most of my life without success.
Bond yields have been very high (which I will cover in a new thread soon), rising inflation leading to many rate hikes, and traders have been clinging to charts such as the Inverted Yield Curve that is touted as an accurate recession indicator by many Gurus.
All of which was supposed to be very bearish for asset markets.
But yet, under unwitting noses the crypto bull market has been sprouting and what I'm showing you here indicates that it is not only coming into full blossom, but that a very impulsive bullish wave is now underway.
On the highest time frame, something very exciting appears to be happening.
A long term three wave correction appears to have completed spanning back to the 2018 cycle end.
And the correction is very shallow; especially the third wave that has only retraced to log 0.382; which is a very bullish ratio for continuation.
Interestingly, the last altcoin bull market against Bitcoin began all the way back in 2015 where altcoins pumped a whopping 29539% against Bitcoin that itself pumped 12125% by cycle end.
Now if we come down to a lower time frame of TOTAL2/BTC we can see that a very bullish Dragonfly Doji has printed plumb on the 0.382 retracement of the 2021 uptrend.
We can think of the previous uptrend as a bull market but remember that it may in fact be a shallow correction wave relative to the overall trend.
This Dragonfly Doji contains high volatility whipsaw and it is a shakeout pattern that has formed a pivot that we tend to see at market extremities.
And we can also see this candle expressed inversely as a Gravestone Doji on the Bitcoin Dominance chart:
Following the Gravestone Doji BTC.D is looking bearish; having fallen through the Demand Lines.
Now again considering TOTAL2/BTC, its incredible to imagine that with all the enormous individual altcoin bull markets that happened in 2021, that they may in fact be part of a larger correction wave that would become a continuation pattern for a much larger and more impulsive uptrend...
But that does appear to be what is happening.
And this impulsive trend has begun only in the last few weeks.
It will be the first highest time frame impulse wave since the 2016 altcoin bull market.
2024 may be extremely wild 🚀.
Not advice.
Altseason Anyone?A similar descending trendline has already been broken on BTC, but it remains intact here.
Correction for Alts could be overIn my last CRYPTOCAP:TOTAL2 analysis, I wrote that although the trend for Alts is strongly bullish, a correction could follow and traders should keep a close eye on 700B zone.
Indeed, the market corrected in that zone and at this moment looks ready for a new rally.
My target in the medium term remains 1T and I will constantly update and analyze interesting coins.
total2/totalIn the ratio of total2 to total chart, we are in a long-term range. We will have upward movement of Ethereum and altcoins from the middle of this channel (more likely) or the bottom of the channel (less likely).
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.
Crypto Bearish Reversal IndicatorIn the dynamic world of trading, it's crucial to decipher the charts and indicators, catching those nuanced market movements. The recent high at 826.479B hints at potential shifts, eyeing a retest at 699.761B and another at 427.57B. ALTS seem poised for fresh highs, and this might just be the opportune moment. Buckle up, fellow traders, and let's navigate these market waters for potential profits!
Alt coin market chart, variation of 2nd chartNo experience.... But, just going off visual trend lines, and putting the fib retracement tool dotted line on same trendline. Then parallel channels trend lines on potential up and down paths. With the keltner channel overlay
TOTAL2As long as we continue to close above first quarter retracement of highs, there's no reason to be bearish. Lots of confluence above around yearly open, which is going to be next major objective for bulls to overcome.
Also, a reminder that your favorite influencers are often, perhaps unintentionally, misleading.
