Total 2:562 is an important line, I will wait, close the candle above it, I am going to open a long position on altcoins, open a short position below 546, you want to wait for it to test again on the clock, it is not my strategy, maybe your reaction strategy is effective, I am in the direction I'm trading, I'm not in a position to comment
TOTAL2 trade ideas
Total 2:Open a short position below 546.907, which means the correction of the coins. If the Bitcoin Dominance goes up when the bottom falls, the altcoins will not correct anymore, they will fall. You can go to open a short position on the altcoins. If the coin breaks the shoe, it means start turning green, the altcoins will drop. If one percent drops, the altcoins will drop five percent. It will be risky for a long position above 552.394, but if you want a safe point, form a box after it suffers. Open 562 long positions
After 617, altcoins start to explode
ALT-SEASON or NOT ? ALT-SEASON or NOT ? So how do we understand this? Altseason
To understand this, I checked the whole market by doing very detailed study. I share the charts that I find important on the subject.
The most important charts are:
1-) Btc Dominance
2-)Eth/btc
3-)Eth/usd
4-) Total2, Total3 marketcap
5-)Others dominance
6-)Others marketcap
7-)BTC/USD
8-)XRP/BTC
9-)LTC/BTC
I recommend you to check all charts to fully understand. And thank you
1-) Btc Dominance
First one, btc dom. I dont except impossible levels like 60-70. Looks like we have come to end of the road 🗡 ready >>>waterfall
2-)Eth/btc
The rise of ETH means the rise of altcoins. Strong Eth= strong altcoins
ETH/BTC Most important chart imo. We have to save green line !
3-) ETH/USD
ETH/USD
4-) Total2 marketcap/ exclude btc
Total3 marketcap/ exclude btc and eth
5-)Others marketcap 1w
6-) Others Dominance 1w
7-) BTC(USD
8-) XRP/BTC
9-)LTC/BTC
Conclusion : I think the real rise of altcoins will be in 2024. This does not mean that we will not see any increase in 2023. But my main strategy is to collect in 2023 and sell at the end of 2024.
These charts are more meaningful when they come together and form a whole.
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.
Reversal head and shoulders pattern on weekly time frametotal 2/W
Altcoins index (the total volume of the money market other than Bitcoin)
In the weekly (long-term) timeframe, what the chart shows is the formation of a bullish inverse head and shoulder pattern. Of course, the pattern has not been confirmed yet and it is not possible to comment much on it, there is only a possibility that if this happens, we can see a very good growth in the market as a whole. Of course, altcoins are currently being reformed.
Pay attention, friends, the analysis time is weekly and takes a lot of time...
Total 2:It fell because Ethereum fell a lot, the rest of the coins also fell, but Ethereum fell a lot, and the entry point for the short position was also missed. Even if Total 3 falls, altcoins will fall another 50-60%, so it has important support ahead.
There is a lot of fear in the market, so it moves faster than failures
Open a short position below 500
Total 2:There are good candles in four hours, two of them are flat, we can take a long position out of it, so Bitcoin dominance is also suffering, so find bullish Bitcoin as long as Bitcoin dominance is bullish, I will not collect altcoins myself. But, well, this is me, you have to analyze it yourself, in fifteen minutes, it will confirm after 523, for long position below 513, it will confirm, for short position, don't open earlier, it's all 4% more, so when you are not sure, let it go, save your head.
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.