TOTAL2 doesn't look good for nowDear Altcoiners.... I think we still have a bit more downside, before we can get optimistic. Altho RSI is low, it can stay there for a while..
TOTAL2 trade ideas
Dangerous TOTAL2 PRZ?! Crypto market dump ahead? In order to have a bull market, it's essential to absorb more money; and I mean BIG MONEY! The main reason that crypto market made huge profits in 2021 was that more people understood what cryptocurrency actually is. This led to normal people (such as me and other new to crypto fellas) investing on this market hoping to get good profit and we got it! But how long would this bull run last? The answer lays beneath the TOTAL and TOTAL2 charts. These charts reveal how much money the entire market has absorbed.
As I mentioned at first, the more money the market gains, the more it grows. But when the money slowly leaves, the Market Cycle Phase changes. You may ask what it means, so here's a simple explanation from Investopedia:
1. Accumulation phase: This phase occurs when the market has bottomed and the main investors such as big corporations, money managers and smart investors start buying. In this phase valuations are attractive, yet huge percentage of investors still consider the market bearish and the sentiment analysis say so.
2. Mark-Up Phase: During this phase, technicians see the movement in the market and other investors get on the bullish train and prices start to go higher and higher. This is investors favorite phase! No matter what you buy and when you buy it, you make great profits.
3. Distribution Phase: In this Phase, sellers start to dominate the market, the bullish sentiment changes to mixed sentiment and prices often move in trading range. As soon as this phase comes to the end, the prices start to reverse and classic patterns such as double top or triple top appear on charts.
4. Mark-Down Phase: Without any doubt, this phase is the scariest of all 4 and the nightmare of investors. During this phase, prices go lower and lower, the news would be all bearish. If we carefully observe the third phase and exit the market, our money can be safe but if not the nightmare would become real without any doubt.
If you take a closer look you'll realize that the TOTAL2 was unable to go higher than the all time high. You don't even need to be a technician to notice that. I used the 4H time frame on purpose. It is possible to see bullish movements in short-term yet it all could just be a pull back in long-term. The market cycle I mentioned earlier is fractal which means there could be bullish mark-up cycle in 1H or 4H time frame but not in long term.
In conclusion, this post wasn't here to scare you, but to inform you what could be awaiting us. The money I mentioned could leave one coin and be invested on another one, eg; from BTC to MANA or vise versa. This means it's still a very attractive market but you have to be more careful. Looking forward to hearing what you think!
MARKET CAP TELLING A STORYAs many times as they said it was done.... it wasn't.
As many times as they told us we were feels... We weren't!!
As many times as they held a laugh at our enthusiasm... We kept smiling too...
This is not the end..... This is just the beginning!!!
Altcoin Market More Pain Coming!..More pain will be coming soon to altcoin market, yes we will bounce a bit at the moment because nothing goes up or falls in a straight line, but then.... Only pain :D
TOTAL2 - ACTION WEN?! HOPIUM TRAP? Time is running out, update on my last analysis on TOTAL2.
OTHERS almost reached 320B MCAP.
Rejection wen?
Altcoins at support from 2015 - Total2What a beautiful trendline, could have a short drop still and still remain in an uptrend, I'm still holding my alts from 2020, send it!
$TOTAL2. Clean trend and market peak preditionBull run for alt-coins not even began yet.
Expected market top (excluding BTC) is in range 20 - 50T .
Looks little bit fantastic, fully agree, but don't forget, we are not talking about real money.
Watch it and always do your own research!
TOTAL2 HOPIUM BEAR TRAP? or TOTAL2 DOWNBREAK FAKE-OUT?Very important action going on. TOTAL 2 relief bounce carried by OTHERS?
Small fomo coming back into the markets?
TOTAL2 rejection from here OTHERS dump at 320B?
TOTAL2 1D UPDATEWelcome to this quick update, everyone.
If you are reading my updates for the first time do follow me to get more complex charts in a very simplified way.
I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As we can see in the chart TOAL 2 is trending around this channel and from the same downer support line now we are expecting a bounce from the support level
let's see how the daily candle closes.
What's your thought on this?
Do hit the like button if you like this update and share your views in the comment section.
Thank you
altcoins upcoming movesThis is just 1 of the scenarios, obviously it will not go exactly like this but i do believe that it will somewhat resembles the upcoming moves. and the bottom will be around 600b - 700b, before the massive alts-season play out.
So i think the correct plays at this time are:
1/ Hold on to your coins and add more later if you still have cash.
2/ If you don't have cash, it's wise to stop over-leveraging , just hold and stay away from crypto for a while. the bull season is not likely to happen anytime soon, but i do strongly believe that in q3 the bull will gain back momentum and a massive altcoins-season will happen in q3-q4
3/ If you haven't invested in crypto yet then just 1 simple advise is to average cost from here to June or July , don't try to catch the bottom because nobody can.
Overall i don't suggest anybody to sell now, don't short, don't leverage. Just start accumulating in the next couple of months. And hopefully, it might be a real life-changing event when the altcoins-season eventually happen.
Eth BTC fed interest drates WATCH OUTTHe fed is raising interest rates soon and we should see activity this coming week through February
In 2018 the fed raised rates 3 times. This kicked off the bear market
IT may pump or dump, watch out... it will be volatile
www.federalreserve.gov
thehill.com
shib trand / shib resistance and breakinghow long shib and ..... want to break resistance and fib ........
total 2 zones to watchgreen , good support
orange, consolidation zone
red, resistance zone
dyor before investing
TOTAL2Total2 looks similar to touch the long term bullish trend line. It is simple to buy , the area is not selling the crypto area , buy and hold area we are getting close. Not a Financial Advice.
long / total 2total is on bottom of the channel, resistanceline and double bottom that mean its ready to pump
but if total break the resistance line ...
Important market areaAn important area of decision if we maintain the trend line, we will see growth in the market, and if the trend line is lost, we will see more correction in the market.
Total 2 _ Bearish DivTotal 2 _ Bearish Div
This case is not stronger than the last bear divergence
If divergence works, red zone support is really good
TOTAL2 Retesting HighsSimilar formations in corresponding colors
The man difference is the recent retest of the high, allowing the distinction between the two
This retest of the high is extremely bullish for the TOTAL market cap, bullish pressure is evident.
