Get Ready To Shake Out ...There is a need for some Sh*tcoin bleeding.
With BTC beeing in a very critical phase it?s just a matter of days / weeks to see ALTs correcting.
Take a look at BTC.D, too.
TOTAL3 trade ideas
Bearish on alt coinsInteresting how Coinbase gets a Wells notice from the SEC near midnight lol.
Interesting Twitter thread for more on the subject by @_log_scale_ on this.
Seems like, with more adoption, more regulation will be at play to determine which coins are commodities vs securities via the Howey test; where a security is an "investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others".
Meaning there is a chance that bitcoin comes the U.S.'s native currency as it is considered a commodity. But for 99% of altcoins... its over for them as many of them have employed teams building the code, startup capital from ICOs, DeFi lending yields, etc. making them a security... which is at risk of being delisted from CeX's.
Overall, go short on altcoins. Long on BTC and any true commodities on the crypto space deemed from the SEC.
Pullback or BULLBACK ? altseason has come to an end?Total altcoin market cap exclude BTC and ETH has broke 1.0 fib levels, BUT total crypto MCAP almost reach 1,0 fib levels when BTC was in ATH.
There's data about there's less 'crypto tourist' atm but the mcap has reached previous resistance, which makes me wonder, does the altcoin legup still there? or the 'big player' has took profit and leaves us losses because FOMO? I mean those technical analysis altcoin out there looks damn delicious and just showing us about next target (just like previous peak before dump, or big correction)
stop loss won't hurt i guess
Pair chart FTW shorts vs altcoinsTOTAL3 vs BTCUSDSHORTS has been continuing to show us the correct directional bias untill this spread changes we should keep a bullish outlook
BTC.D + SHORTS vs ALTS chart correlation cont.updated chart to show BTC.D looking for that bounce here as Bitcoin starts taking the leadership role back from alts, but i dont expect alts to pullback much if at all. They will most likley slow down with few names popping hard each day. That alt season type of rally that will happen as soon as bitcoin chills out after this current move and begins going sideways/slightly up.
bitcoin shorts(bitfinex only) still in strong downtrend
Keep eye on the correlation between BTC.D shorts and whichever TOTAL chart, if these relationships begin to change and diverge we can start to anticipate where $ will go next
BTC.D vs SHORTS vs TOTAL3 correlation chartthis chart has been very helpful for me and wanted to share it. If you haven't, I suggest u consider looking at correlations in between sectors or typically inverse pairings such as gold vs USD. These relationships can be very helpful to see rotations or divergences, which can coincide with reversals. Also helps to see which asset will take the leadership role
We see in this chart that as the btc shorts kept falling alts kept up the rally which is def supported with BTC.D falling as well. It can also explain why BTC isn't going higher yet as this shows $$ is flowing into alts as BTC.d continues to fall even though shorts backed off BTC awhile ago
btcusdshorts dropped hard crypto rally ?watching this pair chart BTCUSDSHORTS vs TOTAL3 and we seen as shorts climb it has put pressure on BTC this is a very bullish sign keep an eye on BTC and alts for more upside
shorts drop alts run pair chartthis shows the correlation for BTCUSDSHORTS and TOTAL3(altcoins only no eth or btc) as long as this stays in this trend nothing to worry about. BTC still bullish
you can also that when the VVIX orange line at bottom from equity markets spikes usually btc sells off a lil overall fear hits all markets
TOTAL3 preparing 63% potencial of growthOnce we setting above 856 billions then we confirming a big pattern
Older timeframes showing bullish impulse
TOTAL3 - Shows Shipcoins Are Getting REKTTOTAL3 shows the recent success of riskier coins that flourish at the end of a bullish phase. Now into bearish phase and weekly candle looking very bearish already - still 5 days left to go.
Not a great time to be holding shipcoins.
ALTS ONLYGoing of past history we should be due a 20% pullback and then continuing to ATH's with some great profits- fingers crossed
this is crypto market cap no ETH no BTCbout dat time to get dem profits ya all n wait n see confirm break out for new ATH or much more lickly bag hold with possible shake out esp in alts_defi
what do ya all think. do you see some side ways consolidation on btc n market cap with a break out inbound_ or do you subscribe to this defi etc bag hold Wyckoffian type theory_ or somewhere in between. we would love to n hear from you all if you have a theory on btc n market over next few weeks...
what alts r ripe to pump if we continue to see positive BTC n ETH action. Personally taking a good hard look at the ADA eco system esp any launch pad deal or and projects kyc'ed on these launch pads. example occam. fi or OCC has a few projects they dropping this month n next like cardwallet a cross chain ada type deal i believe... stuffs like that. every other position is reduced or in stable coins n waiting for day trade ops with some possible cost average on some ada alts etc but all in all im looking to get out for a rebuy once market trend becomes a bit more clear
Heads Up TOTAL 3 Bat Pattern Potential
Per Scott Carney at Harmonic Trader
Quick reversals from Bat pattern PRZs are quite common. In fact, valid reversals from Bat patterns frequently possess price action that is quite extreme. The pattern incorporates the powerful 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The most ideal B point alignment is the 50% retracement of the XA leg. CRYPTOCAP:TOTAL The Bat utilizes a BC projection that is at least 1.618. The BC projection can be as much as 2.618. However, the most ideal BC projections in a Bat pattern are a 1.618 or a 2.0
TOTAL3 (altcoins) fractal 2 good to not sharei just seen this beautiful fractal on this only altcoin chart, it really is too nice to not share with any1 that see this, its been playing out so nice i figure some of u TA nerds like me will enjoy this, the DMI and MACD also fractal up with this move all 3 in sync
bullish crypto till proven wrong is my analysis lol nive little gartley reversal harmonic to kick it off too
alt market cap chart gaining momentum as eth n btc go flatcompare the TOTAL TOTAL2 n TOTAL3 MARKET CAP CHARTS u will see that alts r getting overextended when compared to the flat price action of eth n esp btc. without fresh money entering the price action will stagnate n drop off.
we saw weird volume n price action last three days with btc n eth now wei n etherum traffic is thro the roof. like 400 wei. r these funds pumping alts with btc eth monies.... food for thought bag hold inbound??? or do we get some time to play? or r we flat out wrong n that bull market is full on back (we dont fully disagree there we just looking at more weekly n daily charts not 1hr n less smilez in the end we still believe in the end this market is all going to the same mountain top)
all in all great time to stable coin or and reduce positions esp in the alt arena. good luck n lets see if we can break 46 to 48 n get passed that 50k btc or we r very very likely seeing a re trace like we have been giving examples of.
this could go on for days even a week or so as we see alts n long positions overextend or next few days. regardless we believe the market will go back down n re set before we see a run at new ATH's. this is just our opinion but if you see something similar and have a hi risk tolerance n time to spend on the sticks the scalping and alt pump opportunities will be amazing_ esp the longer we see btc remain in this 46 47kk to 44 45k bubble....
if we see a break out try n hold something back. there is some folks that bought heavy btc etc around 50k plus n we need to see how that plays out at some point when we get back to those levels eventfully. if its in the next few weeks (or after a re test like we think) there should be time to scalp n take positions as things cool off (if this down trend theory proves false n we get that break out every one seem to think is coming)
PS tuff luck to all DMST HODLers. i liked that project but these r the risks esp in choppy markets with these super deep market cap alts
Has Altcoin Season Started? [CRYPTO]In front of us we have the total marketcap of every cryptocurrency excluding Bitcoin and Ethereum.
This chart is very interesting in the fact that both Bitcoin and Ethereum the past 2 weeks have already done what the altcoin marketcap on this chart is attempting to do currently, and that is hold above its key .236 fibonacci level.
I have posted ideas on both BTC and ETH recently in regard to this event and on both charts one can see that when both of them held above their .236 levels, the price exploded to the upside to the next fib level at the .382 before finding a pullback.
This chart, as we can see, is just now finding support at EXACTLY its .236 Fibonacci level. Which means this chart probably holds the key to many of the altcoins breaking their seals due to the fact that as of recently they have not quite kept up with the 2 dominant cryptos in Ethereum and Bitcoin. But as we see that could all be changing soon.
One other thing to note is that the total crypto marketcap excluding BTC and ETH appears to be forming some sort of ABC cypher pattern. The inputs are off but I simply put it on the chart as an idea to keep in mind. If someone proficient in harmonic patterns want to comment and critique this feel free as long as the feedback is constructive.
In conclusion, it may be jumping the gun just a little bit, but if BTC and ETH are any indications, this chart along with the entire altcoin market, appears to be destined for greatness in the near future.
TOTAL 3 ALT VS BTC ALT VS BTC ARE IN THE FALLING WEDGE.
Wait patiently for this big opportunity on the alt
TOTAL 3 (Total Market Cap Exclude BTC and ETH) Analysis 27/07/21Fundamental Analysis:
Total 3 is an index of the cryptocurrencies Market capitalization without BTC and ETH, it means it is the Altcoins entire market capitalization and it can help investors and speculators who use Altcoins and Tokens for their Benefits.
this index is very useful for the Altcoin followers and Investors as it shows the inflows of the Capital to the Altcoin environment and it its movement are very good indication of the alt seasons.
this index can be used for the DEFI Growth Speculation also as it contains all of the DEFI Token and Coins.
Technical Analysis:
there exist a Regular Bullish Divergence with MACD Histogram and Price which is the sign of Retracement Completion as the Price is at the Retracement Golden zone of Fibonacci.
the said divergence can be more accurate as we can see Price is reaccumulating at the percent level which is the very good sign of trend reversal and start of a new Bullish wave hence the new cycle.
we may have some more Price Dump as well, up to the 78.6% Fibonacci Retracement zone and then start its rally in more bearish case.
there are total of 3 Targets defined for the upcoming impulsive wave with Fibonacci projection tool.
the 3 TP gets confirmed as soon as the price triggers the 2 Target
TOTAL MARKET CAP EXCLUDING BTC ETHCRYPTOCAP:TOTAL3
TOTAL MARKET CAP EXCLUDING BTC ETH
could go to 100-250 B $
