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Crypto Total Market Cap Excluding BTC, $Crypto Total Market Cap Excluding BTC, $Crypto Total Market Cap Excluding BTC, $

Crypto Total Market Cap Excluding BTC, $

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TOTAL2 trade ideas

Altcoins' last bull rally before a tumble?In this graph we have the dominance of altcoins disregarding stable coins. The calculation is done as follows: TOTAL = Crypto Total Market Cap TOTAL2 = Crypto Total Market Cap excludes BTC USDT = Market Cap of stable coin USDT USDC = Market Cap of stable coin USDC DAI = Market Cap of stable coin DAI So: Altcoins Dominance % = (CRYPTOCAP:TOTAL2-CRYPTOCAP:USDT-CRYPTOCAP:USDC-CRYPTOCAP:DAI)/CRYPTOCAP:TOTAL*100 Looking at the chart the index is in a bearish channel. It will apparently test the top of the channel at wave 4 resistance. If this channel breaks, we will have an extremely bullish scenario, surpassing all expectations, due to the horrible macro scenario. Otherwise the downtrend continues, heading towards the end of wave 5.
CRYPTOCAP:TOTAL2Long
by andre_007
KEY LEVEL TO WATCH: TOTAL2 MacroI previously estimated where altcoins might find support, and I was right... for a few weeks.... but we didn't get a serious relief rally before losing that level. Contagion has spread and 2 more giga-firms Celsius and 3AC may be insolvent / forced sellers.... And now we are a 7% drop away from a potentially very significant level... It's the 200SMA on the 1W timeframe (yellow line). We haven't come anywhere near it since pre-bull run. Before that, it never exactly offered rock-solid support, but it did act as a magnet for price action during the previous bear cycle. When it was broken previously, the Total market cap of altcoins went down another 45% before being drawn back up to it and didn't stray too far in either direction until blasting off this previous bull cycle. I'm posting these quickly so I'm sorry if some of my numbers are off, but you get the idea. It's a point of interest. If we lose it, expect more downside, but THAT will be when it's time to really pay attention and watch for a potential bottom / rally back for a bearish retest of it. THINK HAPPY TRADES THINK HAPPY TRADES CD
CRYPTOCAP:TOTAL2
by cryptodonovan
Expect 12-20% lower from here on TOTAL2 before potential supportUpdated my TOTAL2 macro chart - I called the timing/level of the market rally in my first version based on TA. Reviving this chart because once again, blood is in the water. I'm not predicting it will catch support and rally again at the exact same level; I'm merely reminding you that this is the next significant level of POTENTIAL support, and there's still a 12-20% drop before we get there. Careful out there, and keep stops in place. With FOMC in a few days, clearly this will be a volatile week. Happy Trades, CD
CRYPTOCAP:TOTAL2
by cryptodonovan
🤖 #BTCLIVE - 15.08 - #IDEA 🤖 - Part 3🤖 #BTCLIVE - 15.08 - #IDEA 🤖 - Part 3 Hmmmmm....things are looking pretty bearish Alt Market Cap Currently in a bearish rising wedge, RSI is over stretched now and almost overbought and any further rise 75 and above will confirm a bearish divergence. Expecting a crash from here for Alts - money will flow out of alts and into primarily USDT and BETH* I feel the low caps are really going to feel the pain here. Additionally we are hitting the long term top of the descending channel as well as about to get smacked by the 200DEMA. USDT Dominance No surprise USDT Dominance is looking primed to breakout, there is a small chance capital can flow primarily into BTC although highly unlikely. Expecting USDT Dominance to pump. Currently in a long long term falling wedge - as money has been slowly buying positions in alts and BETH. We are additionally finding perfect support on the 200DEMA to bounce. BTC Dominance This is holding range well and at the lower end, expecting a large bounce here potentially to about 48% - given the other scenarios this makes perfect sense as capital will likely flow out of all crypto to USDT but out of BTC at a slower rate boosting the dominance quite fast. BTC Price Long term bullish but short term looking pretty bearish with the rising wedge, long term trendline resistance, 50DEMA resistance and the other scenarios painting a pretty bearish case. *My new short-hand for BTC & ETH, don't sue me
CRYPTOCAP:TOTAL2
by Kryptochristian