TOTAL3 is getting primed for a launch again!TOTAL3 (Total Cypto Market Cap
except BTC and ETH) 02-21-22
3 day chart
is reading Hidden Bullish Divergence.
which means the price has a higher low,
and the RSI has a lower low.
In my opinion, theAlt season is right around the corner, If BTC retraces to its 7.02 Fibinocci, watch for the ALT coins to explode.
TOTAL3 trade ideas
TOTAL3 - 1D - It might be Alt time!Not a financial advisor!
After the last price correction, Total3 is reaching a trendline.
Momentum hasn't yet shifted to the upside but but but
I am hopping that a cup and handle that has been formed for the last 3/4 years will perform as expected!!
Let's wait for that momentum to shift at the trendline to confirm that bullish reversal!
Good luck!
Potential Alts long sometime next week.As mentioned in my video, the market may reach down here to the .618 to .786 level. Since the weekly and monthly stochastics are at a low, I am long for the time being, so I do not want to be shorting this market before it gets there.
If the market reaches there into that zone, and if I am seeing the profiles I expect on the oscillators:
1. stochastics RSI in over sold
2. Surge turning up and displaying a back and front divergence.
then I will be getting in my favorite Alts at God-speed! Let's see what happens!
Thanks for watching and reading my post.
TOTAL 3 MARKETCAP HEAD AND SHOULDERS PATTERN!This is my theory on the Total 3 Market Cap.
A smaller Head and Shoulders pattern has formed on the daily and the weekly TF and it is currently holding above the neckline.
A larger Head and Shoulder could be potentially forming as shown on the chart with a W pattern followed by a ABC Corrective Wave.
If this theory plays out then ALTS would get NUKED target shown on chart.
NFA.
ALTS SEASON IS COMMING were seeing a strong alt seaon this last remaining months
of bullrun between feb 2022 to september 2022 are parameters
here is federal interest rates ( see attached photo)
right now alts at downtrend channel but theirs a strong set up inside
the channel and we see the inverted head and shoulder which is telling
us breakout from above downtrend is ready and it will happen this week.
lets see which altcoins will move to 10x to 15x this time.
Alts are on the brink of melting faces.As you can see Total 3 is in a descending broadening wedge and was most recently rejected at the upper diagonal line of resistance.
Assuming BTC continues it's bullish reversal we can expect Alt's to do likewise.
Could we come back down and test the recent lows again? Yes. But there's also a good probability that we hold the 720B area as support and attempt at breaking out of the descending line of resistance. A break above would finalize an inverse head and shoulder pattern with a breakout target at the .786 fib level which is approximately at 1 trillion.
I think we could see this break out around mid-late February with a run towards 1 trillion ending at around mid-March.
ALTS | Go Time? Or Rejection?So the insufferable BTC bulls are popping off in the feed once again (a few greenies'll do that). I've been saying for some time that we should see selling into March and THEN once the carnage is complete should we see the next run. I'm all for higher highs but I just don't believe the selling is done. I'm not totally short and I always DCA long when it makes total sense but I have my hedge. Anyone that follows me knows that I'm long a decent stash of XRP that I just won't mess with but I have my trade stash and it's partially short. There's still a massive bottom wick on XRP that I'm pretty sure will finally engulf so that means lower, even if it's another flash wick.
Let's see if that bottom Fib channel fills here and whether the trend lines do their thing.
As always, not investment advice, DYOR, etc. etc.
Good luck!
I see wave 5th of wave 5thBoth wave 5th is short due to the fact that wave 3rd is also short.
So to obey the rules, both wave 5th has to be shorter than both wave 3rd because, in this bull market, wave 1st is the longest one.
Also, having both waves 5th short, is enough to match the 4.236 fib level.
ALTS getting SHELLACKED!! Things to ConsiderI've been sounding the alarm on several aspects of crypto for a while now and gotten some pretty laser-ish and scalpy action on a number of calls. So here are a few points that might help you understand the crypto situation as a whole, not just TA but some of the things to keep in mind as we fumble about for market direction :
1. Crypto market is still somewhat of a "Wild West" situation and the regulatory issues are FAR from settled. This creates significant risk especially when the Fed clowns are pulling levers to maintain the USD as "the world dominant" currency. We all thought Mr. MIT Blockchain would be there for us but Gensler wears the same red shoes as Mr. Wiggles who runs Benjamins off the presses faster then the snack cakes disappear two weeks into the wife's New Years resolution diet. We don't really have friends when it comes to regulators, taxation and impending policies. These jackholes do not care one IOTA for the little guy.
2. Dark pool liquidity. I skim through the main chat feed on here and see "manipulation . . manipulation . . " rants all over the place. Well ya, it's just a reality of bigger fish eating littler fish. But more importantly, people need to understand that the powers that be DO NOT WANT YOU TO CONTROL YOUR OWN FINANCIAL DESTINY. This includes NOT having your own "decentralized" currencies. THEY WANT THEIR POUND OF FLESH. The WEF, Davos d!cks, Klaus and all these fat cats that influence the flow of money in the world have been saying . . "You will own nothing, and be happy". . Convinced? (on the happiness aspect)? Neither am I. But the point is, the powers that be can unleash their hidden pools of liquidity to completely liquidate all noobs (and intermediate traders) coming into crypto. FLASH WICKS ARE A CERTAINTY!!
3. Leading and Lagging Indicators. I've been correlating the SPX for over a year since getting seriously into crypto. What's funny is that a lot of idea guys here must have been reading my comments and posts because there was a sudden stream of ideas on the SPX / BTC effect.
4. Indicators - Leading and Lagging (observed)
A. XRP flash wicks serve as great leading indicators for marketwide direction
B. SPX lags XRP in this regard while leading BTC (this is key)
C. BTC then brings weight on TOTAL3
I left out ETH because I've NEVER had any kind of positive experience with ETH or any ERC20 token. I've always paid ridiculous fees and had to jump trough hoops just to transact with it. Sorry ETH dudes.
So in looking at the current charts, the trend is still your friend and TA is great UNTIL it isn't when the dark pool overlords want you out. I tossed a Fib chan up on here because it's pretty adherent and may give you some ideas on entry and exit points. I've personally been sitting on a large wad of Tether and actually started buying into this bloodshed. I've got long bags from the garage days and won't let those go even if zero day comes.
Feel free to ping on ideas and as always, Good luck my dudes!
Disclaimer : Not investment advice, DYOR