TOTAL3 trade ideas
ALTS Season 🔥This chart shows the market capitalization of currencies without Ethereum and bitcoin
I expect to see a strong rise in the coming weeks and months in the market value of altcoins
I think this is the right time for long-term storage . The purchase is in stages, we may get fluctuation on small time frames
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Good Luck
Alts vs BTCThis chart was shared once by famous and respectful trader @HsakaTrades
It represents us the dominance of ALTS in the market. Once we see significant pump - Alts usually do parabolic rally.
Currently chart shows us possible bounce:
The trigger to this is uptrend move of the price.
Also RSI shows us bullish move.
But, we may see the bearish reaction from 9.32M level (red line), where W 200 ema crosses which can stand as a resistance. And if we look at the history, so far the price couldn’t close above this level on the M timeframe
Also from RSI side, I expect it to come to 50% level from which it may reject, for bullish momentum it should cross 50% (will write about it below)
So, once the price comes to the 9.32M level, we as traders should be cautious with leverage longs. But, it doesn’t mean that you should open short positions. I never short the TREND
What can happen once the price reaches 9.32M level?
1. Either we see bearish reaction and at this time market decides to correct -> BTC dumps 10 - 20 or more %, and ALTS vs BTC chart will dump till next possible support (blue box) from where I will expect a significant bounce with real bullpen
In this case RSI rejects from 50% level and dumps till 34% or below (if it does, look for bullish Diver on D TF and other TFs)
2. BTC goes parabolic and the price of Alts vs BTC chart manages to break above 9.32M level with Monthly close above it, in this case it will pump until the levels above that you can see on the chart
RSI in this case breaks through 50% and goes higher towards to 70 - 80% or higher. -> ALTS go insane
Conclusion:
Be cautious once price touches 9.32M level
Altcoin - we are front running the timeline. Likely we see a blow-off top reminiscing of 2017. The chances of a left translated cycle (aka will top in 2024) are on the rise.
I think it's an absolute last chance before we make more aggressive moves and get to altcoin ATH.
After that, it's when the complete degeneracy will show in the charts to levels we haven't imagined possible.
📈 What Are The Altcoins Saying? How Will They Perform During...What are the Altcoins saying and how will they perform during the marketwide correction?
In relation to Bitcoin or on their own?
The Altcoins market can be divided in multiple sections.
Overall, the Altcoins are saying, "We are going down with Bitcoin."
The majority of the Altcoins will move lower together with Bitcoin. This is specially true for Altcoins vs USDT.
If we are looking at a Tether (USDT) pairing, most will go down initially regardless of how they performed in the past.
Only one section of the Altcoins market will remain immune to Bitcoin's correction and that's the Altcoins vs BTC.
All those USDT pairs that are closely related to their BTC counterparts can move ahead.
For example: PEOPLEBTC is set to grow when Bitcoin goes into correction mode so PEOPLEUSDT can be immune to the upcoming correction, initially.
Another example: APTBTC can grow when Bitcoin enters correction mode while APTUSDT goes into correction mode.
In general, we can only say that the Altcoins vs Bitcoin pairs will be safe.
If we look closer though, on an individual basis many Altcoins will remain immune but these are still a minority portion of the market.
Example: Those Altcoins that produce a big green candle when Bitcoin produces a strong red candle can be safe...
We cannot generalize at this point because there just too many Altcoins.
The initial effect of the correction can be felt all across.
While some go down, others will grow.
The only section of the market that we know will be safe, based on hundreds of charts, are the BTC pairs (Altcoins vs Bitcoin)
This is the place to protect capital or keep on earning while Bitcoin corrects.
Namaste.
Alts Excluding Bitcoin and Ethereum: A Key Analysis! 📈🚀 Alts Excluding Bitcoin and Ethereum: A Key Analysis! 🌟💡
Hi everyone! Today, we're diving deep into the world of altcoins, specifically excluding Bitcoin and Ethereum. This segment of the cryptocurrency market has shown remarkable movements, and I've got some insights that have been instrumental in navigating these waters.
Back in September last year, we identified a prime entry point for altcoins. This was when the market began to show signs of breaking out from a descending channel, signaling potential for substantial gains. By the end of October, this prediction bore fruit as altcoins moved beyond the confines of the channel, marking a critical entry level for savvy traders.
Currently, the market faces a significant challenge at the $600 billion mark. This massive resistance level presents a 58% chance of being breached by altcoins. Such a breakout would not only signify strength but also set the stage for the next major rally towards a $938 billion valuation.
Despite this optimistic outlook, it's crucial to approach the $600 billion resistance with caution. My trading strategy involves setting alerts around this level to potentially take a break from altcoin trades, unless we witness a decisive breakout above this threshold. The implications of surpassing $600 billion are enormous, indicating a bullish trajectory that could redefine the altcoin landscape.
Throughout this period, we've experienced exceptional trades across various altcoins, including STX among others, underscoring the vibrant opportunities within this sector. As we hover around $587 billion, the anticipation builds around the $600 billion resistance.
In conclusion, the altcoin market, excluding Bitcoin and Ethereum, remains a hotbed of potential, with pivotal moments just around the corner. Keep a close eye on the $600 billion resistance; a successful breakout could herald the next phase of explosive growth for altcoins.
One Love,
The FXPROFESSOR 💙
Altcoin Season Beckons: A Technical Breakout Unfolds! 📈🌟 Altcoin Season Beckons: A Technical Breakout Unfolds! 💡💥
Altcoin enthusiasts, take note! As we gear up for the Federal Reserve's announcement tomorrow, which may stir up market volatility, our attention pivots from the stellar breakout in Bitcoin's ascending channel to the burgeoning potential in the altcoin sector. Specifically, the TOTAL 3 (ALTS) chart reveals a notable shift in market dynamics.
For months, altcoins languished within a confining channel, from May 2022 until a decisive breakout in October 2023. Our strategic entry in December 2022 has paid dividends, affirming our bullish stance. Currently, the TOTAL 3 index, which excludes Bitcoin and Ethereum to provide a pure glimpse into the alt market, stands at a pivotal 488.5. My analysis suggests an ascent to the 600 mark, a leap of 22.34%.
This projection isn't just a number; it's a testament to the underlying strength and maturation of the altcoin market. As we've seen Bitcoin regain its stride within the ascending channel, the altcoin market is not far behind, promising exciting opportunities for informed traders.
Keep a close eye on the charts and remember, the shift from 'trapped' to 'escape' signifies not just a breakout, but the potential for a new altcoin season. As always, align your trading strategies with market movements and technical indicators, and stay tuned for more insights.
One Love,
The FXPROFESSOR 💙
alts might take a break..easy now
REJECTION AT 600 BILLION MEANS MARKET CAN TAKE A BREAK NOW
EARLIER TODAY:
📈🌟 Altcoin Season Beckons: A Technical Breakout Unfolds! 💡💥
Altcoin enthusiasts, take note! As we gear up for the Federal Reserve's announcement tomorrow, which may stir up market volatility, our attention pivots from the stellar breakout in Bitcoin's ascending channel to the burgeoning potential in the altcoin sector. Specifically, the TOTAL 3 (ALTS) chart reveals a notable shift in market dynamics.
For months, altcoins languished within a confining channel, from May 2022 until a decisive breakout in October 2023. Our strategic entry in December 2022 has paid dividends, affirming our bullish stance. Currently, the TOTAL 3 index, which excludes Bitcoin and Ethereum to provide a pure glimpse into the alt market, stands at a pivotal 488.5. My analysis suggests an ascent to the 600 mark, a leap of 22.34%.
This projection isn't just a number; it's a testament to the underlying strength and maturation of the altcoin market. As we've seen Bitcoin regain its stride within the ascending channel, the altcoin market is not far behind, promising exciting opportunities for informed traders.
Keep a close eye on the charts and remember, the shift from 'trapped' to 'escape' signifies not just a breakout, but the potential for a new altcoin season. As always, align your trading strategies with market movements and technical indicators, and stay tuned for more insights.
One Love,
The FXPROFESSOR 💙
The path to the crypto top for 2024As I've been writing on my analyses for crypto for the past year , I've thought that we were in a bear market bounce and that we'll still have a new low in crypto in 2024. Now that the bounce has largely played out, I think we're nearing a top for the year. I'm not bearish long term , I'm just anticipating that we only have a few more weeks of an uptrend before crypto starts to finish its bear market and starts its new bull trend.
Why do I think this?
1. If you look at this chart that I created near the top in 2021, you'll see that the lowest price target still hasn't been hit but every other level has been respected well. Usually for a bear trend to complete, price needs to make it below the 8/1 gann fan level and I'd expect it to hit my final target of $9,781.
2. Same with this chart that shows the same targets.
3. Now you may be asking why that level is so important to be hit? It's because that's the level that price broke out from in the last bull market and it still hasn't been retested in the downtrend. Typically the breakout level of a prior bull market needs to be hit prior to the next bull run so that the chart finds balance again.
As you can see from the chart , I think we have a few more weeks of running in alts. That's what I'm focused on now. The gains in BTC are minimal from here, with price to potentially go up to $48k. But alts over the next 3 weeks can still see 100%+ gains. Mostly it'll be small caps that haven't really had their time to shine yet.
I'll be starting to fully exit to cash towards the end of January. As I think Feb/March could be quite ugly.
TBD on when we bottom, but I do think it'll be sometime in 2024 when we tag the bottom box.
Let's see how it all plays out.
TOTAL3 Elliott Waves AnalysisHello friends.
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Everything on the chart.
~510B key level, there will be fork.
If we'll get consolidation above ~520 - target 560 - 580B.
If we dont break 510-520B level, then i will waiting for decreasing.
Good luck everyone!
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It's not financial advice.
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Open to any questions and suggestions
TOTAL 3 bullish and leading we can say the alt coin has been released from strongest resistance at these levels as shown on the chart but not 100% will not back to test it but the good bullish scenario is good breaking level right now and take it as support level to hit the next black hole level at 577 working as resistance but remember these levels with low volume can sucking the price
HAPPY TRADE
alts targets for this run of 2024for total 3 . first thing that i am looking for . is to enter the range indicated in chart , find acceptance , after that we will target 750-850B give or take 10% . then possible 0.9-1T give or take .
i see it possible to achieve the second target , but reversing from the first one for me have the greater possibility as far as i am concerned .
thank you
Crypto Total3 Marketcap Expanding to Upside! Q1 2024 ThoughtsThis is an active Total3 MCap chart, showing marketcap of everything besides BTC & ETH.
We have been trending higher for weeks breaking a massive range and quickly moving. We are seeing the first steps of the next Crypto Bull Run & likely the most lucrative of them all. It is prior to the global enabling of these protocols into our daily lives.
This is the bull run which front runs the actual implementation of these assets. The one where you see Blackrock file and approve their ETF with billions of inflow (now happening). The one where you see payment providers like SWIFT, BIS, IMF start to actually go live from their pilot testing that's been going on for years and slowly integrating working product from this sector. Merging private entities with public, and introducing groundbreaking changes, such as CBDCs and Tokenized Securities.
This chart is displaying all those private sector coins as one. We have recently just broken 50% of a massive weekly retrace and fair value gap for about 160 billion USD in value. There is room here for the market to trade, and if we close this Feb 25th weekly green above that 50% mark of the gap, the odds of market rallying and filling that FVG completely are far greater than not.
If we fail to close the 50% of this FVG id expect a market wide pullback coming soon. A great opportunity to buy more.
I believe that after this lower FVG we will start to trade up into our first level of major market resistance. This will be a chance for a massive market structure shift, as this will be the first level we really truly battled and lost for the longest bear market crypto has faced. A brutal one at that. This is a major level at that upper box ($663 billion mcap mark)
I stand to see us reaching this point into the April 2024 halving. About 2 months from now. Before seeing a wide pullback and re-entry. My plan is to sell some coins into this area and then buy any large pullbacks on alts. I will consider a large pull back either a nuclear day of 20-30% which we typically see in the bull market, or a larger bleed of consecutive -5% days until we reach a 20-30% pull back total if the market looks to catch a bit or hit a level where bids will be placed. This is when you strike, and ride the rest of that to the next major level, doing the same thing over again. Derisking, and re applying capital.
My goal is to follow this plan at every single major level of resistance on the way to all time highs, then, I will likely just endure the price discovery and take profits at targets I am comfortable with taking home into late 2024 or early 2025. I will not be taking this bull run lightly, I suggest you don't either.
I will be making another post soon, on my sectors that I believe are outperforming and will continue to outperform the entire crypto market.
TOTAL3 free to runI never had the time or I forgot to post something about this over the last month, however TOTAL3 turned pretty bullish after breaking out two different resistances. As you can see the second one was retested and since then we're in up only mode. I expect some reaction once we get to next resistance.
I personally don't see any real resistance until that daily one I indicated on the chart. This bull season is going to be fun unless you messed up every single coin/token in your bag! In that case it will be very sad!
ALTSEASON WILL MELT FACESPerfect weekly closure and retest after an accumulation of roughly 2 years.
Altseason is only a matter of time now.
As long as BTC holds its price or goes up, we get altseason in the next few weeks. So we have 75% chance to get altseason. High probability now but low reward compared to before.
Look into microcaps tho. You'll see they are lagging more than usual. Buy and resist the temptation to take profits for a few months.
GL.