04/04 Journal: TOTAL204/04
~ watching to see if PA can flip local res and run for highs, or if 617B remains ceiling for now.
Rejection bearish for ALTs
TOTAL2 trade ideas
When should you trade ALTs? Here's the level to watch:The market cap of Altcoins is currently facing a significant challenge in surpassing the $620 billion benchmark. However, once this level is breached, a notable surge in Altcoin activity is expected. It is worth noting that the current BTC dominance of 47% can be attributed to the fact that the majority of ALTs have broken their BTC-pair support. Consequently, if BTC experiences a downturn, the ALTs will likely be adversely affected since they have limited support!
Therefore, it would be prudent to closely monitor the $620B mark if you are considering trading ALTs. A breach of this level could signal a favorable opportunity to enter the market. Still, it is crucial to stay vigilant and manage your risk accordingly, given the current market dynamics.
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With regards to BTC:
the zone between 29k to 30k is a critically important price range that requires close attention. It has played a pivotal role in differentiating between the bull and bear market. As soon as the price broke below this zone, the market was deemed to have entered a bear market, while staying above it signaled a continuation of the bullish trend .
Currently, the price is once again testing this critical zone, and its behavior here will be a determining factor for the market's future trajectory. A hard rejection from this level could result in a sharp decline in price, while a breakthrough could propel the price upwards to the range of 40k to 47k . Thus, investors and traders alike should closely monitor the price action around this zone to make informed decisions regarding their investments.
But the weakening trend and Fair Value Gap on multiple time frames point towards a downward move!
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
TOTAL2 - Crypto m. cap excluding BTCThe Altcoin market cap is struggling to break the $620B mark. If breached, expect a surge in Altcoin activity. But remember, Altcoin performance is closely tied to BTC, so a dip in BTC price will hurt Altcoins too.
Keep an eye on the $620B mark if you're looking to trade some ALTs
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
TOTAL2The Total 1 index, which indicates the total value of the crypto market, has reached its weekly resistance, as shown in the picture, while the Total 2 index, which indicates the value of the crypto market minus the market value of Bitcoin (i.e. Ethereum and others), has not yet reached its weekly resistance. This is an indication of the survival of altcoins compared to Bitcoin. In the previous analysis, possible scenarios were presented with regard to the dominance of Bitcoin, which should be seen if this survival will be compensated or if the reason for this is simply that the market is less favorable to altcoins compared to Bitcoin. It is also logical
Monthly close - Is Alt Season on its Way?Bulish on Alt Coins
Why:
- MACD Bullish divergence
- Increasing Volume
- Retracement of the previous Bull Run at Peak
- Bullish Monthly Candle
- BTC Dominance (BTC.D) at Resistance, expecting a retest on the previous regional High
Secondary Reasons:
- Overall Bullish Monthly Close of Macromarkets (NASDAQ & S&P500)
- BTC bullish
Feel free to comment on my Idea and let me know what your opinion is.
No financial advice.
total 2 weeks charttotal 2 shows the status of altcoins as you know
There are 2 tobo formations in total, which means the start of the bull season for altcoins.
it looks like altcoin season will start if the usa doesn't unnecessarily sue someone again
I hope the graphic works
Total ALTCOINS Market Cap Excluding BTCWith everything in the crypto space haven plummeted more that 85-90%, it has been one of the longest crypto winters since the emergence of Mainstream Blockchain technology. With most of the indicators signaling the start of a bull market, with the next bitcoin halving just a year away, and technically from the chart, we might be on to an altcoin season....Brace up!!!
Crypto total market cap excluding BTC Elliottwave analysisCurrently in wave Y for a correction to the downside.
TOTAL2 - Bull Continuation4Hr chart for the altcoin MarketCap (TOTAL2)
Some important channels to be considered, and a potential rise to the diagonal dotted line
This will be the smaller rally before larger one building
Altcoins getting ready to pop!Traders,
Check out this inverse H&S pattern spotted on TOTAL2. Looks like altcoins might be preparing for a bit of a pop here soon.
Stay tuned to this!
Stew
Altcoins channel cross⭐️Altcoins channel cross⭐️occurred in November
We are now in the gray accumulation phase
When we see a close above the channel we will be in the pre-bull run phase until the next cross⭐️leads us into the main bull run phase
RT & Follow appreciated dear Crypto Nation🤗
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Crypto Consolidation then BreakoutI think it would look something like this.
Look, we have some nice fibs. We have a nice bullish pennant. Support lines, resistance lines.
Now all we need is for reality to catch up!
2023 ECHO BUBBLE ALT STRATEGY 2/4: TOTAL 2 CLEAR YELLOW RANGEIF BTC Dominance flips (part 1/4), then total 2 should be looked at next
Look for Total 2 to clear this yellow resistance zone for confirmation to further look into alts
Alt Market on the VergeThe alt coin market is on the verge of a potentially volatile move, with several interesting factors at play. The recent candle close above the 0.5 Fib fan, which has acted as resistance, now appears to be holding as support, signaling that something significant may be stirring
However, the most critical chart to watch right now is the Bitcoin market cap dominance. In the past, whenever the RSI poked outside the 70 zone, it signaled a bottom for the alt coin market. Last week's close put us just past that 70 zone, and it took 91 days for the dominance to come back down to the range. During that time, the alt coin market moved $285 billion and $255 billion dollars. Therefore, a move of $250-300 billion from where we are now could put the market cap at around the 0.382 Fib and under the 0.75 Fib fan.
This is one of many reasons why I believe the top for the market will be in late June 2023. I use Fib time sequences frequently with great success, as we caught the big move down in the market months before it happened last year. We plan to do the same this year.
So, when will this move happen? For me, it's straightforward. Once we break the support on the USDT dominance, we will see the next and possibly final leg of this relief rally. The entire year, we have failed to break this level, which shows very strong support. However, I am confident that a break of this level will signal the start of the next significant wave up for the market.
There is alot of money to be made in the next 90days its going to be a easy x2-5 on most alt coins the move is going to be volatile , greed will come into the market heavily but come late June 2023 it will be over so there is very limited time to take advantage before the next big crash.
The alt-token market is about to boom - wave 5On the above 3-day chart alt-token market dominance is testing resistance for the 3rd time (although technically speaking it is the 5th test if the two tests in January 2018 are counted). We all remember what happened to our alt positions in May and September is probably still fresh in our minds, a strong sell off.
The 60% dominance level (blue line) represents almost 4 years of resistance. Once broken, it will result in a huge amount of capital flowing into alt-token projects, excluding those already overbought.
Wave 5? To understand what I mean you’ll have to look up an older idea published last December:
tinyurl.com
Suffice to say the alt-token market dominance in this bull market cycle has comprised of several moves in accordance with Elliot wave theory. This 5th and final wave should bring alt-token market dominance to approximately 90%, as per this idea:
When will it get there? No idea, however I’m leaning towards the 2nd quarter of 2022.
The 5th and final wave will be explosive and euphoric. A hideous bear market will follow. Make the most of it.
Good luck.
WW
TOTAL2 - Altcoin market cap can't break 620B!Here's a quick look at the total Crypto m—cap excluding BTC.
It is evident that the total market cap of Altcoins is currently encountering challenges in surpassing the $620 billion threshold. In the event that the market breaches this level, a significant uptick in Altcoin activity is expected to occur. However, the performance of Altcoins is intrinsically linked to that of BTC, such that a decline in BTC price will negatively impact Altcoins. Moreover, any decision by the Federal Reserve to increase interest rates by 50 basis points would likely result in a considerable market downturn. As such, it would be advisable to closely monitor the outcome of the upcoming FOMC meeting tomorrow.
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Key Dates to Watch in March:
21/22 Mar: FOMC Meeting
30 Mar: GDP Report
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BTC dictates the market. If BTC falls, then Alts will drop as well. Trade safe!
Total 2 with many resisdance on the way upchart is clear, Daily resistance from the 2021 top, It's virgin, first touch. onething more a strong static resistance is here, I expect a correction from here
Alt-coin market dominance to 75%This is amazing. Been waiting patiently for confirmation before publishing. We now have confirmation.
On the above 1-day chart alt-coin dominance breaks out of the falling wedge, corrects, then backtests past resistance as support. That was confirmation.
A measured move from the flagpole informs us dominance will rise to 75%. This is significant. Why? The altcoin market dominance has NEVER been this high before. In the bull market of 2017 it topped out at 65%.
The gains in the next 6-12 weeks in alt-coins will be life changing if you let them become that. Gains are easy. Taking profits is 99% difficult. Ask me below in a future post if you’re unsure about your alt-coin.
Remember the gains at 75% dominance will exceed those you saw on your alt coin in 2017. Emotions are a money killer. The majority of folks that bought into the market in at the end of 2017 were left behind. You’ll be selling, not buying by this time - please remember that!
See you on the other side.
WW
ALT M.CAP IS AT RESISTANCE! RISKY TO LONG ALTS HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL2 aka ALT MARKET CAP update.
TOTAL2 is forming a channel in daily time frame and currently hovering below the resistance line. We need a clear breakout of this resistance line to go long in Alts. Longing anything at resistance is more risky.
BTC is also entered into the resistance zone of $28k-$30k level. From here we might see a decent pullback in the market. Also, we have an FOMC meeting this week.
All these scenarios make this week more interesting and crucial. Don't buy anything here either wait for a pullback or wait for the clear breakout.
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Also, share your views in the comment section.
Thank You!
NEXT Rally for ALTS ! We broke and close above last HL, came back and retest it and made LH ===> change of market structure.
If we can close above the resistence we will see a nice rally for $ALTS ! <3
Choppy region for your favourite altsWhile world collapsing, bitcoin shows the strength. People remembered why BTC has invented! Total market cap for altcoins are at the resistance point. If we break this resistance we may see green rockets as we saw in the old days. Otherwise choppy session will continue. Let's pray we don't break down the green support zone.
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
KEY support for Crypto BullsAltcap (TOTAL2) is retesting the upward green TL, the blue channel, and has completed an a=c retrace. Great longside R/R here and key support for any further wave up in this manic move!
