Alt Coins have a long way upIf we take a fib line from top to bottom, we have not cleared the 0.236 level.
The yellow dotted line is the weekly close on the july 2021, which will have some resistance.
A close above this line will be extremely bullish for an alt coin season
Bitcoin is already sitting at the 0.382 level, and i would think that the alt coins want to catch up.
As it stands, the 3 day is overbought on the rsi, but it looks like we are going to have a strong close at the end of today - im hoping that it closes above the dotted line
Last cycle we didnt manage to close above the 0.236 level on the first attempt, and fought for 2 weeks to get above.
After that, it REALLY was alt season
TOTAL3 trade ideas
ALTCoins Hanging by a ThreadAfter 294 Days of freefalling to a crash landing and 378 Days of sideways PA ....
The ALTCoins may still be looking for a bottom.
Failure to find acceptance into and to break out of Range 3 could potentially lead to a move down to Range 2, with a downward target between the .382/POC Levels (-33% from current PA) and the .618/.66/VAL (-59% from current PA).
Worst case scenario would be a loss of Range 2, which I believe would end with a move to the .88/POC of Range 1.
------------------------------------------------------------------------------------------------------------
While looking at these charts right now in the current economy, its easy to get discouraged...patience is key! Stay positive, there is a lot of potential opportunities to come. Do your due diligence, make a plan, and stick with it !
------------------------------------------------------------------------------------------------------------
I hold spot in serval ALTCoins, and plan to DCA the way down, if indeed we do see a move down to the lower ranges.
Drink more water, exercise and trade responsibly !
*Not financial advise*
TOTAL3Greetings,
TOTAL3 (amongst other tickers) is an incredible useful tool that is provided from @TradingView
TOTAL3 shows the total market capitalization of the top-125 cryptocurrencies, excluding BTC and ETH.
Today we're looking at this puppy on a small time frame, due the amount of volume and change in price action we've been seeing.
On chart provided we can see the two red lines being resistance points (major), these lines were added in many years ago and have not been moved. I just added a dotted yellow line which shows current minor resistance point.
Although i've added 'short' on this post. I will let you decide for yourself.
Remember, nothing is guaranteed, control the controllables.
Mogues
Total3 Chart Analysis: Strong Resistance! 📉⚠️Today, let's turn our attention to the Total3 chart (excluding BTC & ETH), where a compelling narrative unfolds. The chart currently finds itself in a precarious position, trading within the vicinity of a significant resistance zone. Caution is advised, as potential corrections may be on the horizon. Here's an in-depth analysis of the chart dynamics and what to anticipate in the coming sessions. 📊🔍
Analyzing Total3 (Exclude BTC & ETH): Charting the Resistance Zone
Encountering Strong Resistance:
Critical Zone: Total3 is navigating a zone of formidable resistance, marked by historical significance on the charts.
Chart Context: This resistance is crucial as it has played a pivotal role in the past, influencing market dynamics.
The Challenge of Overcoming Resistance:
Testing Bulls' Strength: The current scenario poses a challenge for bulls, as breaking through this resistance demands considerable strength.
Potential for Corrections: The prolonged interaction with this resistance zone raises the likelihood of corrections or a pullback.
Anticipating a Retest:
Trendline Retest: The analysis suggests an imminent retest of the trendline previously breached by Total3.
Validation Check: A successful retest would validate the strength of the breakout, offering insights into the sustainability of the upward trend.
Cautious Approach for Traders:
Risk Management:
Protecting Gains: Traders should consider implementing robust risk management strategies to protect gains.
Volatility Awareness: Acknowledge the potential for increased volatility, especially around the resistance zone.
Watching Trendline Dynamics:
Retest Confirmation: A confirmed retest and subsequent bounce off the trendline would instill confidence in the continuation of the upward trend.
Failure Warning: Conversely, a failure to hold the trendline may signal a shift in market sentiment.
Conclusion:
Total3's encounter with a substantial resistance zone necessitates a cautious approach. Traders should monitor the dynamics closely, with a keen eye on the potential retest of the trendline. The outcome of this interaction will likely provide valuable insights into the market's next moves.
❗️Get my 3 crypto trading indicators for FREE!
Link below🔑
ALTCOINS BullRun Chart Update I found out this interval (two weeks) is working good with this chart (altcoins total3).
We can see in the past we got a very nice signal (a few signals) that alts will enter a bull cycle.
We can only expect for this strategy to work ,and get a similar pattern-signals in the near future (if we are bullish).
If you don't have access to this this indicators (maybe using free version), i will keep updating the situation (good or bad).
Total 3#TOTAL3 is proving us right once again. #TheCryptoCity analysis is just perfect. See how beautifully green candles reached the level of 454b, The rally you are currently watching in #ALTS is because of TOTAL3.
Flipping 454b and now trying to retest it makes TOTAL3 even stronger. We are hoping it will stay above this level and ALTS will keep on going crazy.
We will share some ALTS analysis soon, stay connected and Always trust TheCryptoCity
Altcoin Market Analysis The altcoin market appears poised for a substantial surge following its recent breakout from resistance levels and prolonged accumulation. With Bitcoin stabilizing and Ethereum experiencing a steady rise, the stage seems set for an explosive altcoin rally in the forthcoming months. The altcoins have exhibited promising signs, demonstrating resilience and strength amidst market fluctuations. As investors continue to diversify their portfolios away from Bitcoin and Ethereum, anticipating greater returns from alternative cryptocurrencies, the conditions seem favorable for a substantial uptrend. Considering the current trends and the evolving market sentiment, the next two months might witness an exhilarating surge in the altcoin market, potentially presenting lucrative opportunities for investors and traders alike.
During the initial phase, the altcoin market is showing an approximate 46% growth, which indicates a significant bullish sentiment and investor confidence. Building on this momentum, the second phase is anticipated to witness a staggering 90% growth, showcasing an exponential surge in value. This overall projection suggests a remarkable trajectory for altcoins, demonstrating their potential to outperform expectations and deliver substantial returns to investors. The market's upward trend aligns with the current positive sentiment and growing interest in alternative cryptocurrencies, hinting at a promising period ahead with the potential for exceptional gains in the near future.
Altseason Indicator Total 3 - capitalization without BTC and ETHLogarithm. Time frame 1 month. The chart shows two major and one minor cycle of pumping alts and the market as a whole. This chart emphasizes the time of alts pumping without taking into account the heavyweights BTC and ETH , which occupy a huge share of the crypto market.
That is, directly makes it clear when the long-awaited alt season begins. All major previous and future alt season on the chart. Note that these are the maximum prices for most altcoins in a certain phase of the market. Be sure to clean out your pockets alts during these times.
The capitalization of these assets has long been in a squeeze - consolidation, there is a direct correlation with the accumulation zones. We are in the final accumulation phase.
Note that there has been no real capitulation (perhaps there won't be, and if there is, it will be V figuratively , but that's not the point).
That is, as soon as the reversal levels (marked in yellow) are broken through - the prices of these groups of assets begin to rise. The "participation" phase is launched on the market. That is the price movement to the distribution zones.
As a rule, by this phase of the market ( distribution ) capitalization grows 10 times , prices accordingly. This is the time - "the hamster is not scared", i.e. the time when one should get rid of (lock in super profits) from "promising crypto garbage".
Below provided is a basic variation of asset group grading on tradingview that makes sense to monitor and use as true market indicators. This gives insight into potential asset group pumps/dumps or market phase changes. These types of "ideas" are done once and for many years. Because relevance is never lost if you understand the point
1) Market capitalization of different assets:
Crypto total cap - total market capitalization of the market in $
Crypto total cap 2 - market capitalization excluding BTC in $
Crypto total cap 3 - market capitalization excluding BTC and ETH in $
2) DeFI projects:
Crypto total cap DeFI - DeFI cryptocurrency capitalization in $
Crypto total cap DeFI.D - capitalization in % terms of DeFi dominance to the market
3) Major Stablecoins:
Market cap USDT - USDT capitalization in $
Market cap USDT % - capitalization in % terms of dominance to the whole market
Market cap USDC - USDC capitalization in $
Market cap USDC % - capitalization in % dominance expression to the whole market.
4) Bit cocaine
Market cap BTC $ - capitalization of BTC in $
Market cap BTC dominannce % - capitalization in % dominance expression to the whole market.
5) Ethereum
Market cap ETH $ - capitalization of ETH in $
Market cap ETH dominannce % - capitalization in % expression of dominance to the whole market.
6) USD index (DXY)
The US Dollar cyrrency index is the most important indicator of the pamp/dump markets as a whole (more globally, not just crypto).
Market cycles are humans behavior, what is displayed on the price chart and which lends itself to cyclical thinking/actions, which shapes the market direction. .
Below I will publish similar ideas — indicators that I have published previously for several years and that for obvious reasons remain relevant. I will also make analysis of new groups of assets by capitalization from the list, which have not been analyzed before. But, I will do all the analysis of instruments only when I have free time.
I smell Altseason.Currently the Overal Crypto Market Cap is at 1.4 Tril. I see first resistance at 1.6 Tril.
More importantly Altcoin Crypto Market Cap is at 420 Bil and nearing the 450 Bil zone. If it breaks above that i think altcoins will go nuts.
Most liekly the altcoin market bottom is in. My altcoin portfolio has been pumping nicely. Main holdings NASDAQ:ROSE $AZERO AMEX:NEAR and $DOT.
Still would like to accumulate some AI exposure, looking at JSE:GRT and also some MOEX:ASTR GPW:QNT but not a priority
TOTAL 3: One possible bullish scenario
For a true Alt season (excluding ETH) we need to break and sustain above 440 billion in Total3.
440 billion is the last top that led to the lowest low of 290 billion.
For a bullish reversal in T3, we need to break (and sustain above) that top (i.e., 440 billion) and then retrace and then continuation.
#TOTAL3 ALT SEASON WYCOFF ALIGNMENTI see there is 2 models overlaying each other. The Black text states we are in the sos stage where as the red text states we have more to go before the ALT season bull run.
Definitely in the last stages of accumulation and towards breakout.
Refer to my video stream for more indicators supporting this thesis.
regards,
S.SAri
TOTAL 3 Do you bullieve?If you are familiar with Howard Marks market cycle it's very evident this chart is following exactly along. This chart appears to be in the G phase of Howards cycle. This stage can also be categorized as "Disbelief." The tides have turned and those who watch diligently are paying attention. One thing is for sure, it will take time. Better to buy daily and have patience than trade yourself out of life changing money.