TOTAL3 trade ideas
Altcoin marketcap overview excluding ETH and stablesHi all,
We are in the very critical area in technical perspective and waiting for FED's rate decision today.
It's important to identify the risks and opportunities and create different scenarios.
Let's start with a good scenario. If we keep the momentum and proceed to go up, I think it's very probable to go up till the immediate resistance area (60-70% increase) and this would give a good sell opportunity or converting altcoins into BTC. I do not plan to sell more than 30% of my altcoin portfolio as I'm a crypto maximalist and hoping to see even much higher values. I keep in mind that the best case scenario would be to reach the big target area which is almost 15x from here.
For the negative scenario, I would expect to see most likely support area which means roughly 50% reduction from here. Considering the momentum now I don't expect but if the market gets negative, this scenario would be on the table.
For the worst case scenario, I would expect to go down till 75-90billion which means 65-70% reduction from here.
It's non sense to make estimations if we go up or go down. Nobody knows about it. Be ready for 2 sided price actions and create strategies accordingly.
These are not financial advise. Please do your own analysis.
Cheers!!!
Total3Alt coins market cap
I think after the .236 retest and reclaiming the 2017 speculative high here we have a much greater chance of completing this IHS looking shape and see higher price levels
With banking issues worldwide the subsequent narrative will have to question what if defi?
And we should see some relief to the alt coin market cap if not the beginning of a new bullish cycle
could we expect an ALT season coming?this is the weekly chart of total market cap exclude BTC and ETH (ALTs market cap) .
I believe Ethereum market cap is bigger than we consider it as an ALT coin.
so based on all evidence (technical and fundamental) ALTs are about to explode upward in
weeks coming and we can expect more gains on other coins following total Crypto market cap.
on the chart, weekly candle is trying to close above 28MA and MACD histogram already moved
on the positive side. if the MACD line moves above the positive side we can expect an explosion
on ALT market cap that we call it ALT season.
Enjoy the market
TOTAL 3 - NO BTC or ETH breaking 1st Downtrend!๐จ๐จ๐จLook at this!๐จ๐จ๐จ
$TOTAL 3 = #altcoin = no $BTC or $ETH
What do you think so far?
Volume decent too
Weekly bout to crossover!!!
#BTC looks good too but weekly close will CONFIRM = Friday night
๐๐๐EX-CI-TED๐๐๐
Wait till FOMO kicks in!
#crypto