TOTAL 3 market capital to 10xTotal 3 is the market capital of all crypto excluding Bitcoin and Ethereum.
On the above 5-day chart Total 3 has corrected 70% or thereabouts. Now is a excellent time to be long in your favourite alt-token despite the bearish sentiment. Why?
1) You know why.
2) Price action and RSI resistance breakouts.
3) Support and resistance. Look left. Price action has now double bottomed on past resistance (orange arrows).
4) Point no. 3 is on the golden ratio as measured from the previous market bottom to the last market top. What an excellent signal.
5) The falling wedge and flagpole (large orange arrow) forecasts the market cycle top. Between 10-12x.
6) The bullish divergence. 8 oscillators are printing positive divergence with price action. The settings used are chosen to coincide with crypto market cycles.
Is it possible TOTAL 3 continues to see corrections? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: Depends on the market cap of your token.
Timeframe: Now, don’t hang around.
Return: 10x
TOTAL3 trade ideas
Momentum still looking bullish. Mapped upside targetMomentum still looking bullish.
We are approaching the resistance area near $683B which is a confluence resistance area with the 50 day moving average.
RSI trending upwards.
Stochastic RSI bullish crossover
Bollinger bands squeezing indicating a big imminent move and most likely upwards
Correction for alts is probably overFor the past two months, CRYPTOCAP:TOTAL3 has been undergoing a correction. This correction was anticipated for many altcoins and, importantly, is very healthy for the market.
Upon closer analysis of the chart, it becomes evident that this correction does not signify a trend reversal.
Total3 halted its descent around the 600T zone, which does not represent very robust support.
I anticipate a fresh upward movement from many altcoins, potentially propelling Total3 to reach the 850T mark.
TOTAL 3We're potentially on the cusp of the ultimate bull run in history. The total cryptocurrency market cap excluding BTC and ETH (known as Total 3) is showing promising signs as it retests and consolidates around the 644 billion dollar zone for about 63 days. If we observe an upward bounce from this point, it could mark the onset of the greatest bull run ever witnessed.
last dip before huge alt seasonPeople have been capitulating on alts and strong hands have bought them up on spot. Leverage got wiped out.
We see TOTAL3 hitting the weekly ma20 with a hidden bullish divergence on rsi, and retesting the rsi neckline. There will not be many of these opportunities to load up spot on a weekly bull market correction.
I think this is the last dip before a huge alt season can begin that will melt faces.
analysis of TOTAL3 (altcoins index)Update #analysis of TOTAL3 (altcoins index) time 4H
In the previous analysis, we expected this index to suffer and we see that the price has reacted to the specified resistance level and is suffering.
It is expected that this index will enter an upward trend from the specified price floor, and you must keep an eye on the evolutions.
And it seems that now is the best time to buy and hold at least for a while
Chart looks bullish? Altseason about to start?If you think this chart looks bullish and a bounce could happen here, then that means altseason could start soon!
This chart shows the SMALL ALTCOIN DOMINANCE. I exclude all the big coins.
(CRYPTOCAP:TOTAL3-CRYPTOCAP:BNB-CRYPTOCAP:XRP-CRYPTOCAP:USDT-CRYPTOCAP:ADA-CRYPTOCAP:DOGE-CRYPTOCAP:SOL-CRYPTOCAP:DOT-CRYPTOCAP:USDC)/CRYPTOCAP:BTC