Alt3 (AltCoins pump into q4 crash) then bull run q2 FY24Title says it all. I am long and holding. Buying major dips and ready for q2 next year
TOTAL3 trade ideas
🔥 Total Altcoin Marketcap Inverse Head & Shoulders: New Cycle?TOTAL3, the total crypto marketcap excluding BTC and ETH, has been trading significantly more bearish than Bitcoin and Ethereum. This can also be deduced from the vertical trend of Bitcoin dominance.
Still, there's some good news to be said about the altcoin market. As seen on the chart, the altcoin marketcap has formed an inverse head & shoulders pattern, which is classically a trend reversal pattern.
Keep in mind that the pattern is not yet confirmed. First we have to break through the top resistance (neckline). Nevertheless, it's a pattern that we definitely have to keep a close eye on since it can signal that great things are coming soon for alts.
If the pattern confirms, there's a decent case to be made for the idea that the bear market bottom is in and that a new bull-cycle for alts will begin.
Share you thoughts🙏
TOTAL3 Wycoff accumulation schematic forming Hey Guys,
It looks like there is a Wycoff Accumulation schematic forming on the daily timeframe.
What do you think will it play out?
CryptocurrencyCrypto (Alt coins) minus BTC and ETH weekly chart
- MAs cross signal
- candles below both MAs
- both MAs turning down
I think this is bearish until candles are above the green MA again
None of this should be interpreted as financial advice, I am not a professional or certified financial adviser! all charts, and or analysis' are my personal opinions and observations only!
Decision levels for useless altcoins!Meme coins like BINANCE:PEPEUSDT showed how easy to make money for the fraud developers. There are countles meme coins floating around in the Crypto world. If Crypto market wants to become stronger, it needs to have real tokens with real world use cases. Meme coins should be part of history like the dinosaurs.
Countries have started to reject to give license to crypto platforms. On the other hand Asia has started to support coins and platforms again. We may see another fight here. This war between west and east may accelerate the extinction of the useless coins. We will watch this critical level for the progress along with the bitcoin dominance CRYPTOCAP:BTC.D .
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Lots of panic in the altcoin market,this simple chart might helpLots of panic in the altcoin market, because some clown is trying to crack down on crypto. But if you zoom out and look at price, nothing has changed, we are in the bottom region and accumulation zone.
It is normal to have sharp decline and fake outs in the accumulation zone, because "they" don't want retail to be there when the market goes up, read "wyckoff accumulation" for details.
Hope this simple chart could help.
TOTAL3 first law of Newton's law motionTOTAL3 first law of Newton's law motion
Newton's first law expresses the principle of inertia: the natural behavior of a body is to move in a straight line at constant speed. In the absence of outside influences, a body's motion preserves the status quo.
total3 proyectionHere is my pov about the total3 that is all the altcoins market cap without ETH and BTC. Enjoy the ride
Altcoin Marketcap hitting SupportThis chart shows the total Crypto Market Cap excluding BTC and ETH which at time of writing represent approximately 70% of the market capitalization (look at Dominance for BTC 49% and ETH 20%).
The chart indicates a bounce at the levels where we bounced in January 2023.
We can surely drop lower, BTC dominance and ETH dominance may possibly breakout more to the upside before an altseason. But i think that the risk/reward in this zone for buying alts is relatively low, especially when comparing certain alts to their BTC and ETH pairs.
Time to get the Alt Scoop out once this week and all the data is out. CPI was good at 4% we still await the following though:
Wednesday 14th June
- US PPI
- Fed's interest rate decision
- FOMC press conference
Thursday 15th June
- ECB European Central Bank interest rate decision
- US Retail Sales
- US Jobless Claims
Friday 16th
- BOJ Japan Central Bank interest rate decision
I want to see what the market reaction is going to be to all of the above before deploying more capital into altcoins
total 3 last bear market wave. weeklytotal 3 is showing us a clear redistribution. We will se new lows soon. I expect an other bounce to the upside and bulltrap before the massive drop.
Total 3 Bull Market in Jan - Mar 2024Total 3 - Altcoins (minus BTC & ETH)
A different "perspective" to yesterdays chart.
Yesterdays chart suggested TOTAL 2 (Altcoins minus BTC) has a probability of breaking out in Dec 2023.
The TOTAL 3 (Alts minus BTC/ETH) chart suggests we could break out later between Jan - Mar 2024. This would make sense as BTC and ETH are typically first movers, and are followed by the altcoin market.
Its important to understand that these charts help gauge timing a long term trade in altcoins. The charts only provide a rough time frame of a probability of a break out into a new secular bull market between Dec 2023 - Mar 2024. All this offers is a probable time window. I would hope it would help you sit on your cash until we have some confirmation of price direction within a historically reasonable time frame, as illustrated in the charts.
PUKA.
🔥 Altcoin Extermination: Worst Case Scenario ExplainedAfter Friday nights' massive drop, the total altcoin marketcap (TOTAL3) is hugging it's bear market lows of December 2022. Bitcoin is still holding up, but alts have been losing exponentially against Bitcoin, with no immediate end in sight.
In this analysis I'd like to explore my personal worst case scenario for the altcoin market. Where the alts dropped (on average) over 92% last bear market, they've 'only' dropped 75% thus far., see yellow dotted line This makes one believe that the bears still have more to ground to gain in the near future.
In my view, the worst case scenario would bring the altcoin marketcap all the way towards the lower dotted purple support. This would mean that the average altcoin will drop another 60% from it's current levels. One might think this is far-fetched, but I believe that this scenario is plausible if BTC will start dropping more.
However, we're not there yet. Some serious problems have to arise if we ever want to get at the worst case scenario. But, as we've seen last Friday, crazy things can happen randomly.
Do you think this is a possible scenario? What is your view on the altcoins? Share below 🙏
Altcoins: Monthly down trend spotted...Pain isn't over in crypto, and Altcoins excluding Ethereum and Bitcoin look about to fall off a cliff here in the monthly timeframe...
I would suggest to take it easy with crypto positioning, perhaps best to sit this one out in USD at a safe CEX and stake it (say Kraken) for a while.
While recently Ripple has been doing well, it isn't immune to these flash crashes that have been occurring with news like the fund cashing out or the old coins whales moving coins around to dump stuff held since 2013. Until this cycle of bad news after bad news is over more downside is possible here.
To make things worse, crypto performance has 'decoupled' from stocks, but in a bad way, having recently acted more like Gold following the aftermath of the banking crisis that culminated in NASDAQ:SIVB 's untimely death. It's gotten even worse as it now has random price action totally divorced from either Gold or Stocks, and has random crashes as a result of bad news that constantly assault this market.
Stay safe out there!
Cheers,
Ivan Labrie.
TOTAL3 makes me thinks alts still have to bleedI've layered in some more alts but then I remembered to check TOTAL3 (total market cap without BTC and ETH for those who don't know) and I saw my descending channel hasn't been filled yet.
I think before we can comfortably spend big on our bags TOTAL3 has to test that lower support and reach 253 Billions. More or less it's another -15% drop from here.
My advice is to buy small when you DCA and keep your cash ready for when we bottom because we won't stay there for more.
I told you that I dont have any hope for a soft landing.In my last analysis on Total 3, I told you that I cant see any hope for a soft landing and I warned you. please be cautious or be ready for a big loss.
bullish on some alts really short term .Lets do dollar cost averaging on some of our long position ( Matic,ADA,Sol)
with regards to total3 chart and usdt.d (dominance)...... and big flush in rsi of these alts i decided to go long on them .....
disclaimer:Do your own research
Good Luck
$TOTAL3 = No $BTC or $ETH weaker vs counterpartsCRYPTOCAP:TOTAL 3 = #altcoins = No CRYPTOCAP:BTC or CRYPTOCAP:ETH
Yellow line has shown to be VERY important
In 2021 #altcoin traded in the area for 1 month before it ended up breaking out to the upside
Broke & CLOSED under yellow line 11/22 - 1/23
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CRYPTOCAP:TOTAL3 Has broken the yellow line @ green arrows & has found support right underneath, done this 2x before today, SO FAR @ LEAST
This is 1x it hasn't had big reversal & HEAVY volume
Each bounce @ this area has been weaker
Hmmm
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Volume has picked up but it is not what it was before
Could this be waning interest in the space?
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RSI looking better, positive divergence
CRYPTOCAP:BTC has HUGE favor vs #altcoins atm
CRYPTOCAP:ETH not shabby either
SEC & FUD has hurt this sector, shame
Hard to call direction atm
$TOTAL 3, ALTCOINS, ares in wait mode while $BTC adjusts#ALTCOIN are in an important position to BREAK UP or BREAK DOWN
The yellow line is VERY IMPORTANT
Redrew the lines we had before as CRYPTOCAP:TOTAL 3 (No CRYPTOCAP:BTC or CRYPTOCAP:ETH ) hasn't found its low yet (although may be basing)
Volume is reducing = good (less selling as it lowers is good)
RSI looks good
Lots of resistance but if #BTC moves higher then #altcoins should PUMP, pump hard
Total 3 Support test complete Total 3 Cryptocurrency
Support test complete
Bullish Signal after confirmation
If TOTAL3 repeats itself...I don't particularly believe in fractals etc... however if TOTAL3 (altcoins market cap without BTC and ETH) repeate his previous run in the same time we should see next top at 1.273 trillions dollars. I think it could be higher but let's just stuck with the projection of history repeating itself.
Off course I made the projection assuming the bottom of this bearish channel will be touched again (it means new lows are coming). In that case go watch what price had your favourite altcoins last time TOTAL3 touched ATH (red arrow), assess where do you see it bottoming unless you think it has already bottomed and do a math proportion to understand where price could go.
This is an indicative method to understand which altcoins is more worth to accumulate during bear market.
Good luck
Total 3 daily bottomExpecting daily bearish dragon to lead total 3 to 1.618 fibs , which is a level from weekly pizza pattern.
