Alt Bottom Is InThe bottom for altcoins seems to be in. We're likely in for a bullish altcoin summer.
TOTAL3 trade ideas
Altcoin marketcap is close to a bottom!www.tradingview.com
The chart above shows a weekly chart of the total alt marketcap(= the sum of all alt marketcap) over the last four years, along with the key-level 50-week moving average. Until 24 April, the key-level moving average (= resistance or support level, here support) for the price was the 20-week moving average (red line), but when the price broke below the 20-week moving average in 24 May, the 50-week moving average below it became the key-level moving average.
Interestingly, during the recent market plunge, the total alt market capitalisation temporarily came very close to the 50-week moving average, which suggests that the alt market capitalisation (and price) may not fall too much further. Of course, this is my personal opinion, so you may not agree with it, so please use it as a cross-check.
From here on out, the entire AltShares market should be supported above the 50-week moving average and endure a time correction. This is probably the last price and duration correction before the super rally.
TOTAL3 update - July 6 2024#TOTAL3 has crossed below an important support level and it seems it's currently in retest phase of the 565B - 580B resistance zone.
Some coins have hit their Aug-Oct 2023 lows and in case BTC aims to drop to lower levels, many other coins will also dump below their Q4 2023 lows!
so in short, the current green candles in the market are most likely temporary unless proved otherwise!
TOTAL3 SIMPLE WEEKLY TIME-FRAME OVERVIEW
Downtrend since the beginning of April.
Since then, we have seen the formation of higher lows, strengthening the trend.
We are in a mid-range that is acting as a support level at the 560B price point.
Stock RSI indicates an oversold price point (last time at this level: May 2023).
The mid-range we are playing is between the 470B support level and the 640B resistance.
Following the trend, we have a high probability of seeking liquidity at lower levels due to the lack of supports at this 560B level, to then catapult to a new ATH, likely between 515B and 470B.
Good entry point, but don't go all in yet. We can have better options if it keeps going lower. Do make some entries here.
Opportunity #CRYPTOA head and shoulders pattern supports the coins and is unified across most cryptocurrencies and the total market as well. We can exploit this pattern for a speculative rise ranging from 15% to 30%.
TOTAL3Total 3 on the weekly timeframe is beginning to form a head and shoulders reversal pattern. Therefore, we expect the value to rise soon, targeting $1.312 trillion. As we discussed, it is best to build positions accordingly.
Are Alts Ready For Entry? Meh...But DogWifHat Might Surprise!Traders,
I promised to do some analysis on alts. Altcoins are looking pretty bearish right now but some unexpected coins are looking especially interesting. It may surprise you which categories of alts could pump soon.
Stew
Altcoins ready to dump soon.The market cap saw a significant rise from 2017 to 2021, peaking above 1.2T USD.
This was followed by a sharp decline, and subsequent fluctuations between 2021 and 2023.
There is a prominent dip into a highlighted blue zone around late 2022 to early 2023, suggesting a strong support level.
Future Projections (2024-2031):
The projection line indicates a rise in market cap approaching 800B in 2024-2025, touching a region marked as "Buyside Liquidity."
A recommended shorting point is marked in early 2025, suggesting a peak before a decline.
The market cap is projected to dip back into the blue support zone by 2026.
Another significant drop is anticipated around 2027, reaching another highlighted grey support zone, where a buy opportunity is suggested.
Annotations
Short here: Indicated near the projected peak in 2025, suggesting this as an optimal point to short the market.
Buy here: Indicated in the projected dip around 2027, suggesting this as an optimal point to buy.
This analysis can guide investors in timing their trades based on historical trends and projected market movements.
Wen altseason?Sure, here's a clearer and more polished version of your text:
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The question on everyone's mind, especially after the recent bloodbath across altcoins, is:
Could prices go lower, or is this the bottom?
While anything is still possible, this chart offers some interesting insights.
This is the TOTAL3 chart, which excludes BTC and ETH, and also removes stablecoins USDT and USDC, valuing the basis in BTC. From my perspective, it's the best way to track when we have reached the bottom.
Lows Run = Pain delivered
The main objective has been hit recently. Now, I am observing to see if a trending environment starts to build over the next few weeks.
Confirmation
If we see new highs relative to the local price action before the lows were taken out, I would be more confident in saying that we are in an altseason.
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Composite way.Hi, everybody.
This is one of those composite charts that are designed to help you understand a little more.
First let me say that if you look at the larger timeframes, the whole market situation looks like some sideways movement. While some see a rise as early as tomorrow and others see the market falling, I see no clear signs of either right now. My personal opinion. But I do see something in the future.
So, we take the capitalisation of all coins without BTC and ETH,
subtract Tether additionally from it and divide by BTC.
On the left is a daily chart, on the right 19D.
Daily.
I haven't switched on the Volume Flow Indicator (VFI) for a long time.
There is a positive signal, the short volume EMA crossed the long EMA to form a golden cross.
If the volume data is valid, it means that the process of pumping liquidity into Total3 is underway.
The signal from the 9 seasons rainbow is ambiguous.
We have as many as three fuchsia-coloured stripes signalling a crazy sell,
and they have been replaced by light red stripes. In typical cases this is interpreted as:
Crazy Sold (Fuchsia) -> Bear Bounce (Light Red):
This normally indicates price has dropped to a new level
In addition, the Whalemap Indicator recorded purchases in February this year at 0.43.
It is assumed that the profit on these purchases is underperforming. Now the altcoin market is below this buying point.
19D.
Here I will switch to Ichimoku and Stupid Willy.
On the clouds we can see the "thin neck" area. Anyone who has been following my charts for a long time knows that I keep a close eye on these areas. When Senkou Span A and B come so close, it means an area extremely convenient for a resistance breakout. For price to break out above the clouds and start a run.
On this chart, the neckline starts on 23 September and ends on 31 October.
We can expect a breakout in this time frame, I think.
Stupid Willy showed a switching trend signal from red to green as early as the end of April, and pretty quickly back to red again. However, these signals occur when the black EMA crosses the major signal line.
And the black has once again come close to the leading line. I expect that by mid-summer we will have a sustained green.
Past pumps have formed two tops on this chart.
1.34 and 0.98. Additionally, I will highlight the resistance level of 0.68.
0.68 is the first target that the TOTAL-3 should pass towards new tops.
Unfortunately everything is still very slow.
But we are not discouraged.
I remember the summer and autumn of 2017,
not everyone actually thought growth was possible.
Killing faith is one of the tricks of this market.
ALTCOIN Will -20% With Elliot WaveCorrective wave is not end
It will going -20% to reach which is Altcoin will dumping more than 15%
Quality structure.26D chart.
The dynamics are positive.
I think all of 2024 and most of 2025 TOTAL3
will go significantly above this red cloud stretched sideways.
That's what usually happens. If the candle and the kijun line
are above the green cloud, and the next sideways red cloud
is not too wide, the price will just be above it.
How high? Let's see.
I think it will be ok if TOTAL3 takes 3 to 4 trillion this time.
TOTAL3 Analysis (Altcoins) - June 27 2024TOTAL3 (crypto excluding BTC and ETH)
looking at TOTAL3 chart, it's obvious that altcoins, in general, are currently in low-risk zone and are suitable for some swing Buy/Long entries.
in fact you may have noticed that during past few days some coins have been doing better compared to BTC
TOTAL 3Total 3 is a chart of the entire market cap of crypto excluding BTC and ETH. It is a decent measure of the altcoin market as a whole.
It shows an interesting picture for altcoins. While Bitcoin made a new all time high, it is very clear that ETF money does not trickle down into the rest of the crypto market. Total 3 is barely over 50% of the all time high from 2021, when it reached $1.131T. It is currently at $597.2T.
Bears will tell you that altcoins are dead. Bulls will tell you that a massive altseason is inevitable.
It is up to you to choose, but it is clear that alts have a lot of catching up to do.
Something BIG is coming!The total crypto marketcap - BTC/ETH is showing us something incredible!
Get ready for .....
TOTAL 3 is bearishThe main structure of TOTAL 3 is bearish.
A trendline is break down. It is now below the resistance (flip)
By maintaining the supply, it can move towards the targets. The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
TOTAL 3 BULLRUN ??Hello everyone.
We can see a similar structure to that of December - February (yellow triangles). It is possible that the bearish sentiment has ended. BOTTOM IS IN !!!!
The last phase of the cycle, THE BULL RUN, is about to START.
(NOT FINANCIAL ADVICE)
#TOTAL3 Market Update Here’s an important update on TOTAL3, reflecting the recent market dynamics and our analysis:
📉Recent Movement:
- After the dip of 7 June, TOTAL3 has returned to the center of its 9-week-long consolidation range (visible on the weekly time frame in the inset of the attached chart).
- Simultaneously, we observe a reversion to the center of the 50-day and 100-day moving averages on the daily time frame (main chart volume), alongside a rejection from the monthly R3 level.
🔍 Current Situation:
🔮We foresee two primary scenarios:
📈 Scenario 1: Consolidation and Attempted Breakout (Green Scenario)
- TOTAL3 consolidates around the current mark, fluctuating within a +/- 2-3% range, preparing for a second attempt at an upward breakout. This is the most favorable scenario.
📉Scenario 2: Reaction to US #CPI Data (Red Scenario)
- With the US CPI data release on Wednesday, stronger-than-expected results could lead to a pullback towards the monthly S3 level (approximately -5% across TOTAL3), followed by a swift rebound. In case of a very strong CPI report, a correction to the lower boundary of the red channel (-8%) with an even quicker recovery is possible.
- Both scenarios indicate long positions, differing only in the extent of corrections.
🚨 Key Levels:
- It’s crucial not to break and settle below the May 15th low, as this would invalidate the long structure, potentially leading to a total -12% to -26% drop in TOTAL3.
- However, given the robust ETF inflows and the anticipated launch of the spot Ethereum ETF, such a bearish scenario seems unlikely. Additionally, with the ECB’s recent rate cut, we might expect the Federal Reserve to follow suit within the next 2-6 months, usually lagging behind ECB to avoid destabilizing the currency market.
Stay vigilant and adjust your strategies accordingly.
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Feel free to share your thoughts or ask questions in the comments!
CRYPTO TOTAL EX BTC AND ETH ALL trading ideas have entry point + stop loss + take profit + Risk level.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Disclaimer
$ALT coin Update NASDAQ:ALT marketcap need to move above the trend line & hold it, then we will see a big bang in the month of July🚀 Expecting, a rally will start like feb - mar!
