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

Crypto Total Market Cap Excluding BTC and ETH, $

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TOTAL3 trade ideas

#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. --- Feel free to share your thoughts or ask questions in the comments!
CRYPTOCAP:TOTAL3Long
by Goldfinch_song
2
What's next for altcoins ? TOTAL3 analysisAt present, the CRYPTOCAP:TOTAL3 , which excludes the Bitcoin and Ethereum Marketcap, is navigating through a critical phase. 'total3' has now come into contact with its short-term support level, a zone that has repeatedly demonstrated its strength and sturdiness, having successfully held up multiple times in the past. This support zone is of paramount importance for the performance of alt-coins. In order for these alt-coins to see an uptick in their values, this support needs to prove its strength once again and hold firm. Moreover, the total market cap needs to experience a bounce back from its current position in the 600B zone. If these conditions are met, it could potentially lead to a significant price boost for the major alt-coins in the market. However, there's always the possibility that this support fails to hold up. In such a scenario, the ensuing support is situated around the 500B mark, which is also a robust support level. Should the total market cap hit this support level, we can anticipate a bounce back. But it's crucial to note that if this support level is indeed tested, it could lead to a considerable number of alt-coins losing their value. As of now, it remains to be seen which of these scenarios will play out. Personally, I am hoping for a rebound from the current support around the 600B mark, as it would bode well for the state of the market and the alt-coins in particular. Follow our TradingView account for more technical analysis updates. | Like, share, and comment your thoughts. Cheers, GreenCrypto
CRYPTOCAP:TOTAL3
by GreenCryptoTrades
Detailed Analysis of Altcoin's Market DynamicsRecent Market Performance From October 2023 to March 2024, the altcoin market experienced significant growth, increasing from a $314 billion to almost $783 billion market cap—a remarkable 150% rise in just five months. Such rapid growth often leads to market corrections, which many retail investors find challenging to navigate. Recently, the market corrected by 29%, dropping to around $559 billion. This correction is considered healthy following the substantial growth phase. Historical Market Patterns Examining past trends provides insights into future market behaviors. For instance, in late 2020 and early 2021: - Bitcoin Surge (October-November 2020): Bitcoin's price doubled from $10,000 to $20,000. - Altcoin Lag and Subsequent Rally (December 2020 - January 2021): While Bitcoin surged, altcoins remained stagnant, causing investor disappointment. However, two months later, altcoins experienced a massive rally, tripling in market cap within a month. This pattern of initial stagnation and subsequent explosive growth is reminiscent of current market conditions, where investor fatigue often precedes significant gains. Near-Term Market Predictions Key upcoming event: ETH ETF Launch on July 2nd - Unlike the Bitcoin ETF launch, which did not trigger an immediate price surge, the ETH ETF launch is not expected to cause a dramatic market reaction on the day itself. - The next 3-4 weeks are projected to be relatively sideways or bearish for altcoins, with a potential market reversal and new rally starting around mid-July. Current Market Cap Scenarios Two potential scenarios for the altcoin market cap leading up to and following the ETH ETF launch: 1. Reaching Blue Zone $534 - $550 billion market cap and bouncing. - This is less likely unless there is bullish sentiment in the market, particularly if the $550 billion level is reached before or just after July 2nd. 2. Dropping to the $480 billion region (Green), testing the weekly moving average 200, and then bouncing. - This scenario seems more logical, particularly if it happens around mid-July. Such a drop (another 15%) would likely induce market panic and exhaustion, setting the stage for a significant reversal. Long-Term Outlook Despite the short-term uncertainty and potential for further declines, the market is believed to be near its bottom. The long-term prospects for altcoins appear positive, with the market potentially reaching $1 trillion and setting new all-time highs. Therefore, even buying at current levels is expected to be beneficial in the long run. Conclusion The altcoin market recently grew a lot but then corrected, which is normal. Historical trends show that big gains often come after such corrections. We might see more sideways or downward movement before a big rebound around mid-July. Even if the market drops a bit more, it's likely near the bottom, and buying now could pay off in the long run.
CRYPTOCAP:TOTAL3Long
by TheCryptoCity
#TOTAL3 Altcoin MarketAnalysis📉 #TOTAL3 #Altcoin #MarketAnalysis The overall altcoin market cap has hit the 200-day moving average 🟢BOLD LINE). Currently, this serves as the strongest mathematical support for the market. However, considering that markets don't always stop precisely at moving averages and the fact that we've dropped out of the main 🟢CHANNEL and settled below the monthly 🟠S3, I anticipate that the total altcoin market cap could retest the low from April 13th and revert to the previous month's S3 level (🟢559B). This represents a potential further decline of about -7% from the current levels. For individual altcoins, this could mean another drop of -5% to -25%.
CRYPTOCAP:TOTAL3
by Goldfinch_song
Total 3 Vs. BTC At Pivotal Point - Breakdown Soon?Altoins (Total crypto market excluding BTC and ETH) valued against Bitcoin are at a pivotal point. They are retesting a previous extremely important point of resistance/support. Going back to last cycle, it was at this point in 2019 that the altcoin market broke down. It was at this point in 2020 that the bull-market was invalidated. And when this zone was finally broken in 2021 the bullmarket rally arrived. Many have been confidently asserting the bull-market has arrived, and maybe it has for Bitcoin, however for alts the situation looks pretty dubious. Bitcoin can stay at the same price, rally or fall - it makes little difference to the situation on this chart - altcoins may still crash. A Bitcoin heavy portfolio has made the most sense for the past 2 years, and it still looks very sensible, based on this chart. View Altcoins with caution. Bias here is bearish.
CRYPTOCAP:TOTAL3
by ronzo777
1
Alt investment not looking too spiffy at the momentBroke trend and back testing former support. Needs to regain 707 and break back into the pattern building to an engulfing on 765 or alts are toast for the next few weeks. BTC.D continues to rally, even when BTC dumps and any pullbacks in it's dominance are being met with little demand for alts. This has been and probably will continue to be the trend for the current rally. Best bets for what little funding has been in alts will be low cap memes.
CRYPTOCAP:TOTAL3
by fishguru73
TOTAL 3 bullish LFG! #Altcoin_summerTotal chart 3 (altcoin market without BTC and eth) looks bullish in my opinion. In my opinion, the market is getting ready for the end of the momentum correction and is preparing for a potential wave 3 in wave 5. The hidden bullish divergence on the strong D3 interval supports the increased probability of this analysis. Altcoins such as FET, AR, INJ, MATIC, ARB, WOO, KUJI, etc. are ending their downward impulses, which may herald at least a corrective rebound or even an attack on new highs.
CRYPTOCAP:TOTAL3Long
by cryptodailyuk
1
Altcoins Still In A Bear Market? This Indicator Says YESIn this analysis I want to take a look at an indicator that is not often mentioned, but can say a lot of interesting things about the current state of the market. Note: we only have a population of 2 (N=2) to look at and deduce information from, so take it with a grain of salt. The indicator in question is the value of TOTAL3 (total crypto marketcap minus ETH and BTC) divided by the price of Bitcoin (BTCUSD). This indicator measures the strength of altcoins compared to BTC. In other terms: Indicator goes up = altcoins outperforming BTC, often during altseasons. Indicator goes down: BTC outperforming alts, often during bear markets. In the last 6 years there have been 2 strong alt seasons, which occured at a later stage during the Bitcoin bull-market. The indicator touched the bottom support and shot all the way up towards the top resistance. This caused a massive bull-run in alts, where many did a 10x or more in a matter of weeks. Looking at the past, it seems that there's still more value to be lost in alts relative to Bitcoin. Assuming we have to touch the bottom support, of course. Furthermore, nothing about this chart suggests that altcoins are a good investment at the moment. They're only losing more value against BTC, even during the latest move from 30k > 70k. For now, I'd put an alarm around the bottom support. Once the indicator touches that area it's historically an AMAZING time to switch your Bitcoin to alts. Happy to hear your thoughts!
CRYPTOCAP:TOTAL3Short
by FieryTrading
10
The Massive Potential of June's BULL-RUNNow that all of the speculations are pointing to the approval of the Ethereum ETFs , along with the positive CPI reports this week, it's safe to assume that we're about to break out of the current accumulation period. After +60 days of correction, everyone is eager to explore the potential of the next bull-run, so let's delve right into it. HOLD YOUR BREATH! - STAGE ONE: MAKING A NEW HIGHER HIGH In case you haven't noticed, on the 4th of this May, we have already broken out of the downtrend that lasted since the first day of April. However, we haven't made any higher high yet, so the bearish structure is technically still valid. Thanks to a whole bunch of good news and won rounds for crypto in the regulatory and judicial war, starting with RIPPLE surviving court and -hopefully- ending with the Ethereum ETFs approval, a break of the bearish structure seems inevitable to me, leading to a surge towards the 700B milestone. This is going to significantly refresh the alt-coins market, making up for April's harsh losses. - STAGE TWO: SELLING THE ETHEREUM ETF NEWS Now that things are looking greenish for the bulls, it's time for the exchanges to make money too. A minor correction and a retest of the 700B level would be reasonable, liquidating a ton of long positions, reigniting the trauma of the resistance that ended the February - March Mini bull-run and shaking more and more hands. And of course, there's the excuse of 'selling the news' for the exchanges to use before liquidating the crypto Futures market. I expect the traditional Alt-coins (ETH, XRP, ADA, etc..) and AI coins to perform extremely well at this stage. - STAGE THREE: THE JUNE BULL-RUN May wasn't as tough as we had expected, right? Well, this cycle is just getting started surprising us. As June approaches, Alts should see positivity due to the impact of the adoption of Ethereum. And of course, the largest piece of that green cake will be handed to the holders of any Alts related to Ethereum. We should see AI coins continuing their dazzling performance, promising projects related to RWA and Solana's competitors performing really well at this stage. I expect this stage to end when Ethereum makes its new ATH and as July approaches, then we should see Bitcoin taking back the lead and making its REAL ATH. Because.. you know.. 73K wasn't a real ATH (whispers). In my opinion, this scenario can be invalidated in two cases .. First case is if the Ethereum ETFs get disapproved. Second case is if we somehow revisit the current cycle bottom (highlighted on the chart). So that was it! My humble advice? - DO NOT use leverage, you don't need to challenge the exchanges and risk your capital. Enjoy a happy and calm June by buying your favorite coins on the Spot market. - DO NOT hold your alts for too long after Ethereum makes its new ATH. Bitcoin has to take back the lead and make its way to a new ATH. Don't worry, you will get many new opportunities during Bitcoin's bull-run. Note: This was an exploration of a potential scenario based on the current context and state of the market, not financial advice.
CRYPTOCAP:TOTAL3Long
by OmarsMess
4