TOTAL3-USDT - RISK ON - ALTSEASON IS HERE!This will be the most important Weekly Close of the cycle for Altcoins.
TOTAL3-USDT has shown a “3 White Soldiers” pattern and broken out of its Bull Pennant and Bull Market Support Band.
RSI has also flipped bullish.
The last time this happened Q4 2020, Alts ripped ~1,100% over a 1 year period.
This rally has been fueled by the Fed announcing a massive 50 Bps Rate Cut, with PBOC doing the same shortly after.
More rate cuts are expected November 6th and December 17th to push risk even further.
Get ready for all your normie friends to start messaging you asking for crypto advice.
I personally have experienced this the past week.
TOTAL3 trade ideas
Altcoin Market Breaking Out: Bull-Flag!Altcoins have been steadily losing value against BTC ever since the March top. However, TOTAL3 (total marketcap minus BTC+ETH marketcap) has finally broken out of a 6-month bearish channel pattern, making it a successful bull-flag break out.
It's too early to call for a definitive continuation of the trend, but at least a major long-term pattern has changed as of this week.
For now, I'm hoping for a move towards the yellow line, being the 2024 top. With a BTC Dominance at 57.5%, it would most likely lead to a new BTC all-time high if the altcoin market reaches the 2024 top.
Potentially exciting times ahead!
Altcoins About To ExplodeTotal 3 represents the total market cap of crypto, excluding Bitcoin and Ethereum. As you can see, it's still about 50% below its 2021 highs, despite the addition of millions of new coins. If you’re into charting metrics like this (even though it’s not a traded asset), you can spot a potential weekly breakout forming.
As I’ve been saying, the last six months have been completely avoidable for altcoins. Nobody wanted to hear it, we lost subscribers, and I wasn’t sharing many charts. But if you’re a trader, you know that sometimes doing nothing is a valid strategy.
Now, it looks like the time to stop sitting on your hands has arrived. I’m getting bullish on altcoins—and this aligns perfectly with the halving cycle I’ve been talking about for ages.
TOTAL3 8H update - Sep 23 2024Following previous analysis, #TOTAL3 rose towards the resistance zone and after touching the 580B level, it started to drop but FED's decision to cut the rates by 0.5% prevented further drop and market pumped as analyzed before FED's meeting.
TOTAL3 is now in the vicinity of the mid-term trendline and we can expect some drop during this week. What comes next with TOTAL3 is most probably a rise towards 650B level and then 700B zone.
This means many coins are going to touch higher levels soon.
As long as the drawn blue trendline isn't broken, this analysis is valid.
Altcoins (TOTAL3) – Breakout Imminent After Fed Rate Cut?About TOTAL3: TOTAL3 tracks the market cap of all altcoins excluding Bitcoin and Ethereum. As the Fed slashed rates by 50 basis points, liquidity is moving into riskier assets, especially altcoins, which are poised for a breakout.
Impact of Rate Cuts: Lower rates mean greater liquidity in the market. Investors are looking for high-growth potential, and altcoins are at the forefront. Historically, easing financial conditions favor speculative assets, making altcoins a solid bet in the coming months.
Entry Point: TOTAL3 sits near $600 billion, just above strong support around $580 billion. A move above the breakout level at $939 billion could set the stage for a massive bull run, with a primary target of $1 trillion and a maximal extension around $1.384 trillion.
📊 Technical Levels:
Support: $580 billion
Breakout Level: $939 billion
Primary Objective: $1 trillion
Maximal Extension: $1.384 trillion
A breakout from the current consolidation could see TOTAL3 surge in line with broader altcoin momentum. The Fed’s rate cuts further enhance the bullish case for altcoins, making this an exciting time to be in the market.
If you like altcoins, perhaps it’s time to diversify with AI + Crypto unicorns like CRGPT.
One Love,
The FXPROFESSOR 💙
TOTAL3 Update - Sep 13 2024#TOTAL3 perfectly followed previous analysis and had an upward move towards 565B - 580B zone during this week and many altcoins had at least 15% - 20% pumps.
TOTAL3 is currently in a resistance zone and its reaction to this zone must be observed carefully, if the current initial bearish signs get stronger, we'll have to look for sell setups in altcoins.
TOTAL3 on the verge of a massive breakoutThe altcoin sentiment is in the gutter, FUD everywhere, everybody is calling for "recession", including the stock market. Perfect conditions to turn the ship around and blast off to new highs and leave sideliners angry.
Historically, squeezing Boilinger bands point to a big volatility move after consolidation. Let's see how this play out.