TOTAL 3 Weekly chartTOTAL 3, which excludes BTC and ETH has pulled back More than the TOTAL, which shows us that Bitcoin is holding up better.
However, The ALTS represented in this chart are now testing a long term support while also sitting on the 50 EMA which could also offer support
The MACD is still Bearish though and this could lead to either Ranging or a drop below support
What is most telling here, as mentioned in previous posts about the TOTAL 3 , is that it has still failed to reach and pass the Neckline of the FTX Drop
This shows , again, that Bitcoin has the favour of the market and continued uncertainty is holding the ALTS back
But that is not all doom and gloom as there have been some Huge gains in some Alts coins in recent weeks
This market is FR from dead as some would like to imply.........
TOTAL3 trade ideas
$BTC vs $ETH vs $TOTAL 3 (Altcoins)Be careful with this drop
There's something more @ play here
Still cautious bull but $BTC can drop close to 10%
That's decent amount of pain for #altcoin
$ETH could fill the gap or drop to 1400
RSI looks BAD
$Total 3 = #altcoins is whimpering
Some bounced nicely already
TOTAL 3 MARKET CRYPTO - WHERE WE ARE KNOW
Total 3 is in the ANGER psychology phase, in case the bulls hold the price where we are now, could be a new and last pump for altcoins. after that a huge correction.
If lost these levels, means BTC is going hard down and it could start a downtrend to break all supports to the depression phase.
Phase B of Wickoff Teory
in the next weeks from these levels, we can go down to lower prices until the spring event happens.
Not financial advise
caught in the middle?so the resistance on yesterdays down trend has flipped a support however the hourly support has crossed and now became a resistance. so were just kinda caught in the middle. the last line on the top would be the resistance if we can break upwards but it feels more like were going to see more correction.
Please if you have any input on to what I'm missing, I'm new so I would love to hear.
-cub
TOTAL Versus TOTAL3 ( Exclude BTC & ETH )A very Simple chart that clearly shows how ALTS are lagging behind BTC in the "recovery " phase but are making a HUGE effort to catch up now and break back over the Neckline of the "FTX Crash" line
Bitcoin has broken over it a week or so ago and is currently hoovering around the $1trillion Cap price - The ALT market has been catching up at a higher rate as can be seen by the larger % Gains daily. on the TOTAL3 chart
Thing is, I have been expecting a Cool off ever Since BTC got back over that neckline but it seems the market will keep pushing till ALTS are out of the dark to...
This is an EPIC show of strength by the Crypto market in general
VERY VERY BULLISH
Altcoin - TOTAL3 traffic light scenario🚦Next to my Bitcoin and ETH traffic light scenario🚦
Here for Altcoins😎
🔴Bearish phase
TKD indicator turned from green to red
🟡Altcoin accumulation phase
TKD indicator forms a top
🟢Bullish phase
TKD indicator turned from red to green
Let me know your thoughts in the comments🤗
⬇️⬇️⬇️
Likes and Follow for updates appreciated🤗
Disclaimer:
Not financial advice
Do your own research before investing
The content shared is for educational purposes only and is my personal opinion
Altcoin Market Cap General View excluding ETH and Stablecoins.Hi all,
I'm sharing Altcoin Market Cap graph excluding the stable coins and Ethereum. This graph helps me to see my portfolio performance which is under or over performed against the market.
If my portfolio over performed against this graph, I convert some altcoins into BTC, ETH or cash. If the other way, then I convert some BTC or ETH into altcoins.
From the last dip, we have seen 60% increase which is not bad. At that time I made 75% overall (not so bad thanks to AVAX).
Even though I do not expect to test low prices, I'm totally ready if we lose 50%-60% from here. If we drop that much, I will still be a buyer actually a heavy buyer!
If the dip is found and we go higher, I expect to hit nearly 3-5 billions of market cap which is roughly 15-20x from now! Not bad at all!!
Based on these levels, I'll be doing my asset allocation and risk management!
Cheers!
TOTAL3 = Altcoin Crypto is moving better than BTC atm = LIKEY!Please see profile
This is re-post
$DJI almost went green since post
$NDX went HIGHER
$BTC sells but fresh buying came in
#bitcoin battle ensuing
#BTC breaks 24, hopefully with volume we should see MORE than 10% pop, maybe even fill gap
*******
#Crypto #altcoins pumping $Total 3
🔥 Altcoin Market Break Out: Finally!After many large names have broken out of their immediate downtrends, TOTAL3 (all cryptos, without ETH and BTC) has finally broken out through the descending resistance line as well.
Keep in mind that we're currently in a break out process. Once we close the day above the purple line we can say it's confirmed.
I'm looking at the blue lines as my near term targets, indicating another +7% and +17% total growth of the altcoin marketcaps.
TOTAL3 Market Cap ( Exclude BTC & ETH )TOTAL3 is pretty well ALL ALT COINS but does include BNB and al its BNB Chain coins.......(maybe time to NOT call BNB an ALT anymore but thats another convo )
This Daily chart shows us how PA has been stuck in a descending channel since around May '22 and how, repeatably, PA has hit Top trendline and been rejected.
And here we are again
Shorter Acting StochRSI is oversold so may offer some support but over all, MACD ( longer MA) is above 0 but not yet Overbought, so, should fundamentals come in with Good News, we have the ability to lift through that line of resistance.
A descending channel has a high chance of breaking trend, the longer it stays in it......but it replies on fundimentals and investment to make that happen.
There is a strong chance, Markets may well just wait now till the FED in the USA ( A Group of PRIVATE Bankers) decide how they are going to approach the issue of interest Rates.
The very idea of Crypto becoming a World wide financial service will get rid of this "Centralised Financial model" where One group of people can control Everyone else.
But that another story, meanwhile, Take care, have a plan and act upon it....PA may well Drop before it goes up again,
Crypto Market CapLooks like the crypto market is about to bleed on last time before lots of money is going to get dumped in after it bottoms.
~186 Billion (a numerical version of phi, the golden ratio, the 618) will be where it bottoms.
Get your USDT, Cash, USDC, ect ready. Looks like January 18-25 or so.
If there is any chart you'd like to see me calculate. Send a message and i'll pop it out for you.
TOTAL 3 Ex BTC & ETH - CautionI see a lot of people jumping up and down about ATLS running but this chart shows a level of caution should remain
That 200 SMA has rejected PA harsly before and may well do so again - However, on the 4 hour chart, PA is being supported well by the 50
But, may not be enough....
Once PA gets through this 200, than I am all in
Untill then, please remain cautious
TOTAL3 ( ex BTC & ETH) Crypto Market CapPA coming under pressure here and is bumping into the 200 SMA for first time since April '22
It is also running along upper trendline of long term channel AND at same time, now hitting the longer term resistance from Off ATH
This is a crucial time for ALTS
They have already begun a slight pul back in Markets while BTC PA appears to be hanging on for now.
🔥 Altcoins Can Fall MUCH Further: Be Careful!As seen on the chart, the total altcoin market cap has been steadily falling and making new lows while BTC and ETH are still trading above their respective bear market lows.
Last cycle the total altcoin market cap fell a whopping 92% from the top. If the altcoin were to fall that same percentage during the current bear market it would indicate that alts will fall another 69% on average.
Another way to track the relative weakness in altcoins would be to look at the Bitcoin Dominance. Check my most recent analysis on it below.
Whether alts will fall another 69% remains to be seen. The market is more mature than the previous cycle, plus there are arguably better alts on the market which people will want to keep buying. Nevertheless, I think we can safely assume that the current ~75% decline from the top is not going to be enough.
How far do you think that alts can still fall? Have we bottomed? Share your thoughts🙏.