TOTAL3 trade ideas
Altcoin seazon on the horizonAltcoin seazon could be coming sooner than you think This is total MC less BTC & ETH Look for the breakout of the bull flag regression channel and also the handle of the cup & handle bullish af pattern If we are now around where the green circle is at Feb 2021 then we have maybe as little as 8-9 months left in the bull run I would rather be cutting profits early than being caught offside with my pants down We will be looking closely at PA Q1-2 2025 for signs of over-bought weakness & greed all signs of an ending cycle The % gainz on this chart are not indicative of what Altcoins will do in the parabolic run Some Alts will do 10-50x and some much more
TOTAL3 update - July 11 2024#TOTAL3 (Altcoins) update
Multiple tools and confluences (Supply zone, trendline, Fibonacci etc) are hinting that TOTAL3 is currently in a heavy resistance zone. so it's not wise to be on the Buy/Long side!
Crossing below the blue trendline is the confirmation of dumping to lower levels again.
Alt-Coins shows signs of bearish momentum.We have clear signs of RSI divergence on (Total3-USDT)/BTC chart.
This chart is basically an alt-season oscillator.
The maximum downside potential from here is another 27-30%
The upside reversal potential is at least 75%.
To not have FOMO I recommend investing 1/2 of alt-coin deposit in current range.
Another 1/2 of your founds should want a potential drop untill Alt-Coin re-accumulation zone.
There is chance that we'll have a mini bull-run on alt-coins at the end of 2024.
But first, another -30% -50% pain-full dump, as usual, on crypto market.
Alt-Coins shows signs of bullish momentum.We have clear signs of RSI divergence on (Total3-USDT)/BTC chart.
This chart is basically an alt-season oscillator.
The maximum downside potential from here is another 27-30%
The upside reversal potential is at least 75%.
To not have FOMO I recommend investing 1/2 of alt-coin deposit in current range.
Another 1/2 of your founds should want a potential drop untill Alt-Coin re-accumulation zone.
There is a high chance that we'll have a mini bull-run on alt-coins till end of 2024.
BITCOIN VS ALTCOINS Since the beginning of 2023 BITCOIN has been on a relentless upward trajectory. As the highest market cap cryptocurrency it often sets the tone for the entire market. When Bitcoin goes up it tends to drag the rest of the market up with it and the same when Bitcoin falls is the general rule of thumb.
This post is to showcase the difference between Bitcoins market cap (TOTAL) Vs the Altcoin market cap which excludes Bitcoin and Ethereum (TOTAL3) . As the market leader Bitcoin is often the first mover and that can be seen in the chart on the left, we have at first glass a mirror image on the TOTAL3 chart on the right but with a few key differences:
- When Bitcoin fell from its ATH in November, price found it's bottom at the previous cycles ATH as seen by the blue horizontal ray. Whereas the altcoin market continued to drop below its previous ATH by another 19.67% . It's an important difference because it shows that altcoins are worse off in a bear market when compared to Bitcoin, and they start from further back once the Bullrun arrives.
- We can see that both charts are very similar, the next biggest difference is clearly the progression made in this Bullrun so far. Bitcoin has already moved past its "right shoulder" of the head and shoulders price pattern, TOTAL3 however is still some ways off that mark, the chart shows altcoins have a 38% gap between current level and the top of that "right shoulder" .
The reason for the gap in the race can be explained the same way each cycle because they're exactly the same patterns each cycle. Bitcoin is the first mover as it is the biggest by market cap, the same cycle of capital injection happens each and every time:
BITCOIN ----> LARGE CAPS ----> MID CAPS ----> SMALL CAPS
Profits get rotated into the next more risky investment over and over until the blow off top and retail are left holding their positions all the way down. This will most likely still be the case this cycle however there is a new player on the field...
BTC ETF's...
This is new and exclusive to this cycle and I believe this will partly change the dynamic of the cycle when compared to years gone by. With over $10 BILLION DOLLARS of net inflows into BTC the institutional buyers are now here in a much bigger way than ever before, how will this disrupt the money flow? It could prevent profits from rotating somewhat into the large caps, but not completely. Naturally the ETF providers will have a large stake in the holding of BITCOIN and are going to be less inclined to sell when the cycle looks to near its end as they are still providing the service to their customers. Having less sellside pressure will help BTC hold its value.
The altcoins may get the negative side of this as less profits in theory will rotate into smaller cap coins and result in a smaller 'Altseason" . This is the cost of institutional adoption. There is always the possibility of altcoin ETF's but that is another discussion. For now I can see altcoins playing catch up later this year and going into 2025.
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.
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.