Moving Average Positions (50,100,200)Normally when bear moves arise the 50 and 100 are above the 200 as there is more room for a downward move than an upward one.
Right now the 50 and 100 are BELOW the 200, which suggests that they have more room to move up ABOVE the 200MA in red, which would happen during a bull move.
Observation of the MA's
Comment if you think otherwise !
Daily timeframe
TOTAL2 trade ideas
Basic TA: From Bearish To Bullish (Downtrend Broken)The worst mistake that can be made after being bearish when a market is not rising, is to be bearish when the market is rising.
Look at this chart, this is TOTAL2. This week is young, just last week there was a bullish breakout above the black descending (downtrend) line. Last week the bearish bias/trend was broken and the market enters and uptrend.
A mistake can be made to be bearish when the market is going down, because it turned. But an even worse mistake is to stay bearish when the market is clearly breaking up.
The correction is over and the bearish bias is nullify by a high volume bullish breakout. The bullish breakout confirms the start of a new bullish trend. Not the end, the start. The start of the bullish trend can go for months or even years. The correction is not starting, it is now confirmed over. The confirmation comes from the action switching from lower highs to higher highs and higher lows.
We had lower highs from 11-March until 28-October. We now have a higher high and this is supported by high volume. In this case, based on technical analysis and price action, we switch our bias from bearish to bullish.
Thank you for reading.
Namaste.
Altcoin Season! C&H pattern can take altcoins to 2 trillion!Price action has now finished the handle on the total2 charts cup and handle as well as closed a Daly candle above it. Now we need to close a weekly candle above it and make sure we’ve flipped the rimline to solidified support so we can trigger and validate the breakout. If so the measured move line takes price to a target of 1.99 trillion! The journey to that target would make for one unforgettably epic altcoin season no doubt. *not financial advice*
Alt coins alt seasonI was expecting. A small correction yesterday but after checking the monthly and weekly chart .seems to me alts can easily +50% from now . Historically when btc has a bull run when btc start to consolidate money will flow back to alts in hopes for much better profits . That’s how it works . Some alt coins are already an overbought like doge and sui and some meme coins . We should see money flow to low cap alts next I expect
ALTS ARE ABOUT TO MOONWeekly close is happening tonight and the RSI AND TSI are both making positive divergences. RSI is clear to soar as it s breaking out of the cup and handle pattern. TSI just created a cross that is very rare and has a high success rate. New all multi-week gains are around the corner.
NOT F.A.
TOTAL2: Altcoins will follow BTC.Hello, traders!
We've all been anticipating the altseason, but its timing and triggers have been uncertain—until now. The recent weekly chart of Total 2 reveals something worth analyzing.
How can Total 2 help us analyze the altseason?
Total 2 represents the crypto market capitalization excluding BTC, essentially capturing the market cap of all altcoins available.
Currently, Total 2 is mirroring BTC on the weekly timeframe. BTC recently broke above its parallel channel and is now trending above its all-time high. According to our analysis, Total 2 is expected to follow a similar path.
For the rally to continue, Total 2 needs to close above the resistance trendline. This could signal the beginning of an altseason in late 2024. Specifically, we anticipate entering the altseason, with Total 2 potentially reaching its all-time high by the end of November or early December.
We hope this update is helpful! If you'd like us to analyze which altcoins to consider for this altseason, please comment below and like this post.
Remember to conduct your own research and analysis before investing.
Regards,
Team Dexter
TOTAL2 alpha analysis and targetstotal2 alpha ,reched 1.27T , we shared 1.4T last year which is 10% higher only not bad . Clean structure here after retesting the accumulation range at 701B (yellow range ) , took off till 1.27T which is the top of 2022 first drop range(black range) and took the highs .
Corrected 43% from there and almost retouched the accumulation range .
Now , back into black range and cyan (cyan range is almost identical to black , however cyan is the latest range total 2 trading in for the last 250days ) . Now we are breaking the first grey box which showed resistance for the last 90day. Acceptance above it will lead the way to 1.5T then 1.27T (top of black and cyan range ) . After that 1.5T woule be in play .
2.5-2.7T is my finale target for this cycle imo .
TOTAL2 alpha analysis and targets total2 alpha ,reched 1.27T , we shared 1.4T last year which is 10% higher only not bad . Clean structure here after retesting the accumulation range at 701B (yellow range ) , took off till 1.27T which is the top of 2022 first drop range(black range) and took the highs .
Corrected 43% from there and almost retouched the accumulation range .
Now , back into black range and cyan (cyan range is almost identical to black , however cyan is the latest range total 2 trading in for the last 250days ) . Now we are breaking the first grey box which showed resistance for the last 90day. Acceptance above it will lead the way to 1.5T then 1.27T (top of black and cyan range ) . After that 1.5T woule be in play .
2.5-2.7T is my finale target for this cycle imo .
this is not a financial advice
thank you
Total 2This chart of the total crypto market cap (excluding BTC) shows a symmetrical triangle pattern within a broader descending wedge. Price is near the triangle’s upper resistance, suggesting a potential breakout or breakdown. The Blue resistance zone is very important to flip for bullish moves.
Everything is on the chart
Gearing up for Altseason The total market cap of Altcoins is currently in an ascending triangle at the point of multiple confluences. An Ascending triangle, hrozintal and diagonal resistance lines and also at the 0.5 Fibonacci line (not shown). If we break above all these resistances, alteason will be highly likely to start.
Cryptocurrency 2024 Grand Finale: The Path RevealedThis is what is truly happening right now, we are still caught within the bears paths, Cryptocurrency is moving within a descending channel and creating a strong bearish flag.
Don't get all caught up in the hype. Patience is key!
How long does a bull-market last?
12 months? 16 months? Longer?
So there is no hurry in letting the market produce its final shakeout before we get a clear picture as to what happens next.
We have one goal and one need only, and that is to get the best prices possible to position ourselves for long-term growth.
Opportunities are endless in this market, if one opportunity goes, another shows up.
We know where we are headed next...
👉 Bitcoin and the Cryptocurrency market is going to grow really strong in 2025, but 2024 is not over yet.
Thank you for reading.
Your support is appreciated.
Namaste.