TOTAL3 trade ideas
Total 3: Alts about to see fresh lows, then real bull run startsI sold out of all of my crypto yesterday because when I looked at the chart, I realized that we've started the final selloff before the real bull run begins.
As you can see from the chart, after the run in 2021-2022 we've been in the process of correcting.
It's my view that this year's run was corrective, not impulsive like many are thinking-- and that altcoins will hit new lows by the end of 2022.
I've shared a lot of bullish altcoin charts recently, but I've changed my view and am not bullish anymore. I don't think we'll see large bounces, I think it's going to be a rather quick path to new lows. Lows that you didn't even think were possible. This will be the greatest buying opp to exist in crypto and because most people are about to hold alts all the way down, they won't have any cash left to buy the bottom.
It's going to make people never want to invest in crypto again because this last move will be one of the biggest fakeouts in crypto and people will lose a lot of money.
However, after we hit the support levels on the chart, it'll present the greatest buying opp of any cycle. I think we go from ~200B to $2.5-4B when this next run starts.
I think we'll bottom before 2024 ends. The next cycle will go until the end of 2026.
Get prepared...
TOTAL3 update - Aug 02 2024Nearly two weeks after analysis and #TOTAL3 has perfectly followed the predicted path: a sequence of 4 moves was predicted with an outstanding precision!
Total3 has reached the predicted zone of 570B - 580B and an upward reaction isn't unlikely. Also, 565B zone is very crucial as dumping below this zone can lead to touching much lower levels.
Also, in the caption of the TOTAL3 analysis from 2 week ago it was stated that 660B is the resistance level and as you can see the highest point TOTAL3 could reach was in fact 659.951B .
ALT COIN MARKET BREAKOUT !
alt coin market etting ready for a breakout .
price above all averages 50,100,200 .
rsi in uptrend
macd crossd to upside and is gaining momentum
market bounce off 38.2 fib showing continuation
i believe market will hit -0.272 fib @ $700b and retest broken trendline in order to continue the bullish uptrend
target is $800b
when price hits prepare for volitility and we will break to upside.
alt coin market will sky rocket as bitcoin dominance will drop .
Total 3 Analysis & name your altSimilar to Bitcoin, altcoins also began a correction in March.
Although this correction has been steeper, it remains a correction. After breaking below the 600B support, the total altcoin market found support around 500B and is now trading back above 600B, suggesting a false break.
The confluence of falling line resistance and horizontal resistance around 650B indicates that a break above this level should accelerate gains for the total altcoin market and potentially lead to a retest of the previous high.
In a more optimistic scenario, if Bitcoin heads towards 100k, we could even see a 1T market cap for altcoins.
P.S. I see a lot of altcoins with great potential. Would you like me to look into any specific ones for you?
Regards!
Mihai Iacob
TOTAL3 Looking Good!In my previous analysis, I mentioned that a $600-615B valuation on TOTAL3 is a good entry to scale into strong altcoins.
Here's my updated multi-timeframe analysis on TOTAL3:
On the daily timeframe, we can see the price action is printing a Head and Shoulders pattern. However, the directional view from the longer timeframe candle is more respected than short-term fluctuations.
On the weekly timeframe, the price action is showing strong movement for 2 weeks, followed by a retest (last weekly candle) also showing significant rejection from the $600B valuation. We can expect this weekly candle to create a higher high and possibly break above the current resistance at the $660B valuation. With the incoming monthly close, we can also expect some fluctuation.
BOOST THIS IDEA IF YOU LIKE MY ANALYSIS.
The Quiet Beginning of AltseasonWe're currently seeing the Greed and Fear Index hitting similar levels as during the "quiet beginning of Altseason" in 2021, as shown in the chart. Levels around 38 to 42 are common for drawing liquidity away from the initial distribution phase of Bitcoin. It's important to remember that in 2021, there was a period between the actual start of altseason and the noticeable price pumps in altcoins . This phase is a consolidation phase , where money flows into the market to buy altcoins at lower prices. While Bitcoin's price will also rise, it won't increase as much as altcoins during this time 📈.
Note 1 : the starting of the Altseason will not be spotted until we reach the new ATH in Altcoins💰.
Note 2 : Not all the Altcoins will make huge pumps during Altseason. Choose wisely your projects💎.
Note 3 :This Altseason will not last long 😉
TOTAL3 OUTLOOKYesterday, I posted my outlook on TOTAL3, but it was taken down by TradingView. I will be reposting the same idea.
I believe a $600B-$615B valuation on TOTAL3 is a good time to enter into strong altcoins that you have conviction in.
I expect the market to hold this area for the upcoming monthly and weekly candle close. As long as it holds this zone, we're looking very bullish! Continuation to the upside is very likely! Don't get shaken out because this might be your best chance to enter!
total 3I think we still have two major rallies in this bull market for altcoins. Bitcoin dominance is still too high which means altcoins are still early. previous cycle total 3 reached higher than the 2.3 fib but this cycle and because of the law of diminishing returns I dont think the expansion phase will take us to the this level. Around 1.6 fib is a more logical target for this bull run.
My first take profit is between 1.1 to 1.3 trillion
My second take profit is between 1.6 to 1.8 trillion
Why ALTSEASON 2.0 is HEREIf you've been following for a wile, you'll know I've been speaking of Elliot Wave theory and cycles - and how, from a macro perspective, we are currently in a multi-month correction before another impulse wave up.
By looking at the TOTAL3 chart, as discussed in the video, it seems likely that this may only be the BEGINNING for altcoins... and you'll see why.
Even though multi-month corrections can be demotivating, patience rewards the faithful!
Check out yesterday's analysis on Altcoins that are strong right now despite the recent dip:
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CRYPTOCAP:TOTAL3
TOTAL3 Chart IdeaALTS are screaming buy here.
- Weekly RSI is below 50
- Stoch Weekly RSI is at the bottom
- TOTAL3 is sitting at 0.618 fib level on weekly
- Rising wedge on BTC.D in weekly TF has been broken down and retested
- ETH ETF is launching next week
Super bullish for ALTS atleast until Oct 2024
TOTAL3 Falling wedge is on goingI've been closely monitoring both the BTC chart and the market cap of altcoins (excluding ETH).
The current support level for altcoins is quite strong (Fib 0.618 on daily and weekly support). This support needs to hold if we want to see a recovery in the altcoin market or at least a stop to the ongoing decline.
Disclaimer:
This analysis is based on my personnal views and is not a financial advice. Risk is under your control.
TOTAL3 Update - July 19 2024 We previously expected another drop in TOTAL3 after touching the resistance zone and stated that the break of the blue trendline shall be the trigger but it didn't happen and TOTAL3 crossed above the resistance level (good news for altcoins!). Just a little higher (around 660B) there's the descending trendline and it's quite possible that TOTAL3 will form a bearish structure and will probably drop afterwards so we should be looking for sell setups in altcoins
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