[TOTAL ALTCOIN UPDATE] Circular fib model (ETH is excluded)Total3 model 1 update.
Very immediate scenario.
Target: 4-6T$
TOTAL3 trade ideas
Comparing Crypto Marketcap to BTC and ETHA helpful chart to compare total alt market caps including and excluding ETH with BTC and ETH. This can provide a reasonable long term view of how the alt coins perform wrt BTC and ETH at different times.
Have you missed the Alts Season too?Last night my mood was ruined when it was brought to my attention by a trusted TA (can't share his website link publicly due to TradingView rules), that the market is being flooded with supply of many Alts. It can be clearly shown in November. Alts Total Market Cap maintained its ATH in November, while most Alts plunged and far from their ATHs. Have a look at the supply being released from XRP and EOS for example. More than 20% of the total supply have been dumped in the market. The Total Market Cap was maintained while the prices took a hard dip.
In this chart, Total Market Cap 3 (translates to Total Market Cap excluding BTC & ETH) we are today above both ATHs of May & August, yet most Alts are 50% down from these months highs. (Got the point?)
So where does this leave us?
1) Deflationary Alts enjoyed an Alts Season while inflationary ones sat down this run... for now.
2) The TMC3 (Total Market Cap 3) still has room to go up before reaching the 4.236 extension. So the Alts Season is NOT over... yet.
3) Rotation between the Alts that pumped and the Alts that did not is yet to take place.
4) Lastly, do NOT expect your inflationary bag to reach its preset goals on FIB levels. instead, recalibrate your targets based on its new Total Market Cap.
All Crypto Market Cap UpdatesHello friends, today you can review the technical analysis on the 1W linear scale chart for the Total Crypto Market Cap ( TOTAL ), the Total Crypto Market Cap excluding Bitcoin (TOTAL2), and the Total Crypto Market Cap excluding Bitcoin and Ethereum ( TOTAL3 ).
#CryptoPickk noted in the chart:
1) Reviewing the Crypto Market Caps for the TOTAL, TOTAL2 and TOTAL3 are a must as they all work in tandem. This will give you an indication where the Crypto Market (Bitcoin, Ethereum and Altcoins) are headed.
2) The chart shows each of the market caps have formed a multi-month Cup and Handle Pattern as well as bouncing off of a multi-month trendline.
3) The target for each of the Cup and Handle Patterns are noted.
4) Keep an eye on the Volume as it is picking up.
5) There is positivity coming up, but expect as much volatility.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Bullish Altcoin marketI think we will see a continuation of the bull market for Alts as long as it keeps support. It would still be bullish to see come back down again to 0.5 fib level and the 2nd lower trendline. If it doesn't correct again we should see market go to the 1.618 fib level.
Any comments or advice on my TA is greatly appreciated :)
*not financial advice*
Total3 Downtrend ChannelAfter Btc and Eth Broke Trend the Total index is moving in a down trend channel. Eth and Btc are expected to have a correction.
pullback closedAs the market fails to hold at the present moment, since the volume tested te upper 50 EMA and failed to hold, a descent to the 200 EMA is possible, the RSI also shows a trend break, remaining below the 50 line, revealing the market may not be ready to fully invert just yet. as always my opinion is as good as any, but i'm expecting two options, a rebounce at either the 100 EMA or the 200 EMA. After that it's anyones game.
Shor term: Bearish
Long term: Neutral
Disclaimer:Not financial advice, do your own research.
Why i am feeling sension of altcoins?This chart is the market cup of all altocoins, currently worth around $ 1 TB. On it you can see whether the money flows into or out of the market and what the market value is. Technical analysis tells me that the volume of money (price) is narrowing and will soon fall somewhere. He is sometimes under resistance at the moment. In the zoom, she fell out of the small lap where she found support and pushed back into the lap. There are only two directions. We will reject the price below the resistance and go lower to support the green, where we will bounce back and break the resistance again. Where there is a clear signal that money will flow into the market and the Bull market will begin, which supports my idea of making money on the move, see the charts I have shown you. It is a market without BTC and ETH.
Daily Crypto Market Update - Showing Bullish Signs Again - OXTIn this video:
A discussion of the overall crypto market sentiment
A discussion of future price action
A look at the altcoins market
Is sentiment beginning to turn bullish again?
Orchid OXTUSD charted with levels for paid subscribers at substack
TOTAL3 Altcoin Charts seems Scary Crypto Altcoin Outlook Today-
TOTAL3 18th Nov
TOTAL3 Altcoin Charts seems Scary
Total3 vs RSI on 4H TFWe are definitely not out of the woods,
but based on previous PA after oversold RSI on 4H TF
I think local bottom is in/near and we should see at least some relief bounce.
GL
TOTAL3 BreakoutBTC and TOTAL3 seem to be breaking out together will we see a similar November 8th 2017 blow off top and retrace or do we continue to rally after the breakout.
ALTCOINS ABOUT TO EXPLODE!!!Graph is MC exlude BTC and ETH.
Will we break the 1 Trillion MC? Yes I think so. Altseason is about to begin. Hold your positions.
$ALT Coin Market Cap (Excluding $ETH)Based on the ascending triangle and the Full Fib Extension, the MINIMUM target for our $Alt Coin Market cap is $1.45T. As small as the move looks on this chart, it is actually close to a 50% rise from current levels. We will evaluate this chart again once we get there, but the key takeaway is that once we break that triangle, $Alt season goes into overdrive. :)
TOTAL3 going from $1T to $T1.6 in next 2-3 months - 61% increasePerfect cup and handle pattern!
Target is $1.6T
Is that bullish enough?
TOTAL3 Ascending Triangle PatternCRYPTOCAP:TOTAL3
I have been following this massive ascending triangle that has been forming on the TOTAL3 chart since the May correction. Notice how price has been unable to close any daily candles above the flat upper resistance bound. In the past few weeks this chart has consistently printed "doji's" as the consolidation inches closer to the upper resistance line. There is a clear ascending lower resistance bound that has formed as well.
The breakout target for this pattern would indicate a 70% move to the upside for this TOTAL3 index which would send many altcoins parabolic. It appears that price may continue to consolidate inside this pattern formation for up to 2 more weeks (~Nov.12).
My trading plan is to wait for a daily close above the resistance line and then open long positions in a few different altcoins that I feel have been suppressed. Best of luck to all during this coming altseason.
Alt rally covering up a rising wedge pattern?Some of you who are much more technical than I can point out that a rising wedge is formed along with a diverging volumetric trend. However it seems the recent alt breakout led by Solana and others have invalidated the rising wedge? I'm watching this one to see whether we continue this pattern.
TOTAL 3 IS READY TO GLOW UPNice pattern has formed on TOTAL 3 , this is capitalization excluding BTC and ETH and we have a target.
Please give it a like button and coment
TOTAL 3 breaking out!TOTAL 3 is the total marketcap minus Bitcoin and Ethereum.
Going to $1T real soon!
