The Magic of Elliott Waves on #TOTAL3The trend direction is clear... so we are also away from the excitement of taking more profits with the trend.
If you want more explanations, you can ask your questions in the comments.
TOTAL3 trade ideas
Alt season coming soonWe about to experience the best alt season ever , ascending triangle pointing to atl and goijg to the next levels, 20 jan new change, may be fluctuations but after 27 we must be going parabolic with alts doing 20-50% in a single day...
TOTAL3 (Altcoin Dominance Excluding Ethereum) AnalysisTOTAL3 (Altcoin Dominance Excluding Ethereum) Analysis
📉 Current Outlook:
No clear signs of an Altcoin Season yet.
TOTAL3 chart suggests further potential downside before a reversal (as highlighted with the blue arrow).
Altcoins may drop more before bouncing back.
🎯 Strategy:
Wait for Confirmation: Hold off on altcoin positions until a clear trend reversal is confirmed on the TOTAL3 chart.
Focus on Bitcoin: In the meantime, consider trading Bitcoin in both directions (long/short) for better opportunities.
Risk Management: Always use proper stop-losses and position sizing to manage risk.
💡 Key Takeaway:
Patience is key! Let the market show its hand before committing to altcoins. Bitcoin trades offer a safer playground while we wait for the altcoin market to stabilize.
Altcoins Under PressureFrom a technical standpoint, I see the market forming a clear downward structure. After repeated attempts to push higher, the price was rejected at key resistance levels—suggesting that sellers remain firmly in control. The developing Head & Shoulders pattern further supports this bearish view, as a decisive break below the neckline would likely confirm additional downside.
Adding to this technical picture, the macroeconomic landscape in the United States remains unfavorable for risk assets. Inflation risks are prompting the Federal Reserve to stay hawkish on interest rate decisions, which typically encourages capital outflows from equities and cryptocurrencies. On top of that, the U.S. Dollar Index (DXY) continues to climb, reflecting a stronger dollar environment. When the dollar gains strength, investors often pull away from higher-risk markets like altcoins, reinforcing the downward pressure.
As a result, I expect that the downward momentum in the TOTAL3 index—representing altcoins—will continue. If the neckline of the Head & Shoulders pattern is broken with conviction, the price could move down to test the next key support areas, likely around the major Fibonacci retracement levels. In my view, this technical setup, combined with ongoing dollar strength and Fed policy concerns, points to further downside ahead.
Disclaimer: This analysis is provided for informational purposes only and does not constitute investment advice. Always conduct your own research and consider your individual risk tolerance before making any investment decisions.
Alt Coin temporary bearish moveBased on history, in order to exponentionaly move up,
coins need to dip to fuel the launch, as long as we dont dip below the 0.618 support,
we are just doing a healthy correction.
and will suggest a continuation the the upside
I foresee a retracement for TOTAL 3 extending into April.Since December 24, we have observed a retracement for TOTAL 3, and I anticipate this trend will persist until April. Based on wave analysis, the final wave is expected to be the longest, consisting of five waves and potentially dropping TOTAL 3 to around $740B. If this scenario unfolds, it could result in several challenging months, marked by significant "crypto bleeding."
It’s worth mentioning that some cryptocurrencies may still experience great individual waves, as usual. However, I believe the overall market trend suggests a delay in the broader bull run.
My advice, if this prediction holds true, is to exit the market while this outlook remains valid. Once the charts show a positive shift, you can re-enter the market and fully enjoy the journey of the bull run.
Altcoin Dominance (Top 1o Exclused) (Bullish)The green one has a higher probability but expect the dominance to decrease slightly before it goes up as Bitcoin will do the same . I have used fib circle, time, trend, and Gann Fan tools. I have used mostly Fibs.
Total 3 Crypto Market Cap and US10YIn our ‘Daily dose of Chart’ today we are looking into Crypto and US10Y rates. We are plotting Total 3 Crypto market Cap vs US 10 Y. Total 3 Crypto Market Cap which is the sum of all the total Crypto market cap except BTC and ETH. The Total 3 was in a bearish pattern throughout 2022 and 2024 when the US10Y was making a head and shoulder pattern. After completing the head and shoulder pattern, the yields fell which gave Total 3 to break out of a 2 year base. But with the recent breakout in US10Y rates, the Total 3 is suffering a short term bearish market. We see a cup and handle forming on the weekly chart for the Total 3. But my assessment is that the handle formation will not complete until the beginning of Q2 2025 on the weekly chart. We will revisit the chart in April 2025.
BULL RUN IS ALREADY OVER?Report analysis January 13, 2024
The analysis is using the correlation of
TOTAL3 volume as the parameter aligns with the
BTC price
Findings
The first price spike, as we can see happening at 9 nov 24 until 8 dec 24 . The volume spiked from around 398-400B dollars to 560B and hit the peak at 572B . It was around 140% increase, followed by the BTC price that spiked 34.6% . At this time, as we know, tons of news is following, but the biggest news was the election of President of the United States, Mr. Trump, who's pro-crypto.
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But here's where the problem occurs. Right after 9 dec 24 until now, most of the time the volume is below the median level of the previous period marked. This is raising problems and questions.
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Does this be the end?
Does the bull already over?
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Even from the alt coin perspective, we didn't see any signs of bulls. Yes, the price does spike, but at the marked period only . Maybe, just maybe, this is it. The market is getting more efficient; filtering is already done by the market maker, which we know is the consequence if we want a mass crypto adoption. "Clean up the market session.".
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Notes
This report was conducted based on the data gathered at the tradingview only and the news surrounding the internet.
XCO IS BACK
#BTC #BULLSeason #Cryptocurrency #TOTAL3 #Altseason
TOTAL3 ready for a breakouthi Traders
This is a continuation of our previous analysis that we published in October last year:
As we can see, currently the price is consolidating inside the bullish pennant. This consolidation was necessary to cool down after reaching the previous target.
As we can see, the RSI was extremely overbought in December but now it's in pretty neutral territory and the uptrend continuation is likely.
Once we get a breakout, we should get the pump towards 1,3T which is our target 1. Don't forget to take profit.
The target 2 is around 1,55T.
The chart looks bullish and it's not time to sell alts now.
Be patient and you will get your reward in the next few months.
Good luck
TOTAL 3 - Final Stages of Range D & E Wave IdeaFinishing up last phases of the range that has been developing targeting 1.5-1.8T Total 3 for final wave.
All market ready for rally
In Total1, Total2, and Total3, we see the same situation: they have turned the block orders into support by breaking through them and closing above. In this case, the block orders have become support levels.
In the worst-case scenario, if the price falls below this support, it could take strength from the next block order below and continue its upward movement.
Both of these supports are major levels and should be taken into account.
Rallies are on the horizon! 🚀🚀🚀🚀
Altcoin Market on Edge: The $1.16 Trillion Breakout AwaitsRight now, the Total Market Cap (excluding Bitcoin and Ethereum) (Total 3) is hovering below its highest-ever level, after briefly surpassing it and then dropping back down.
For now, if the market stays between around $839 Billion and $1.13 Trillion, things will likely remain unpredictable and choppy.
The real excitement and potential surge in prices (what some call the "Euphoria/Mania Phase") will likely start once the market breaks through its all-time high and enters uncharted territory.
However, if the Total 3 drops below $800 Billion the Blue zone marked on the chart, I’d be more cautious. While it could still be part of a larger upward trend (forming a "higher low"), it wouldn’t be ideal for the overall market structure. If the market aims to grow significantly by 2025, it shouldn’t really fall back to that level.
Altcoins: What Comes Up Must Go Down?Giant Flat Correction could be built on the altcoins chart (less Ethereum)
Indicators:
-Collapse in three waves in 2021-2022 (wave A)
-Retest of 2021 peak in three waves in 2023-2024 (wave B)
-wave B retested the start of wave A and failed to grasp the bullish ground beyond
-first move down and small correction that keeps below all-time high could be the harbinger of new five waves down in wave C
Large wave C should at least retest the valley of wave A at 288b cap
What could be the reason?
-Altcoins could lose its shine as institutions prefer only BTC
-Some huge risk aversion in global economy
You are welcome to share your views in the comments below to enrich our outlook.
Alt Coins - one more correction likelyThis is the chart of TOTAL3 market cap - all coins excluding BTC and ETH (essentially market cap of all alt coins).
As we can see, price action is within a larger bull flag (yellow parallel channel) but within it, there is a bear flag (red parallel channel).
Market cap is currently at 950 bn. We are likely to see one more correction where market cap is likely to touch 800 bn market cap. This is because if market cap breaks down from the bear flag, on the basis of measured move, market cap is likely to touch 800 bn. This is also a fib retracement level of 50% and a strong support zone on Weekly timeframe.
Once market cap hits 800 bn zone, there is likely to be a bounce which could pierce the yellow parallel channel as it will be the 3rd hit on the upper trendline of the yellow parallel channel.
Remember technicals are all probabilities, market cap could negate bear flag to hit upper trendline of the yellow parallel channel.
TOTAL3 ChartHey,
This is really a text book chart, together with many others in the crypto atm..
A lot of fear and greed is currently in the market, you see that in the PA.
But that is old news, cuz I shared that a long time ago already.
For me more upside from this zone is very likely, if it fails...
I have to go back to the drawing board and see what is the next area of weekly or monthly demand to time when and where price is likely to move towards.
Have a good one, more charts soon.
Make sure you follow us :)
Kind regards,
Max Nieveld
bad outlook for alts very short termnext levels to hold for others3:
965 would be good to hold here (given how violent the leg down has been, seems unlikely to hold)
if not, more alts bloodbath and we go down to 905 (seems like most likely scenario)
905 must hold or else there is no altseason and bullmarket is over (extremely unlikely)
Total3 Gonna Fall Out (Confirmed)Total3 looking ready to roll to the downside after confirmed fake breaking structure out of the channel and ready to re-test between 600-700B. Alts market seems like recovery for next 4 years again, you can hold and start DCA more for now.
TOTAL 3 in 6 months +70% (ALTCOIN SEASON)CRYPTOCAP:TOTAL3 is on retest , altcoin season is here, get the Bag and enjoy
#Altcoins second phase (mega bull phase) has always been epic!what is total3 ?
It is an index that measures
the total crypto market
capitalization excluding
Bitcoin and Ethereum.
Total 3 Crypto Market Cap multi year base BreakoutTotal 3 Crypto Market Cap excluding #BTC and #ETH trying to breakout of the previous highs of Oct 2021 during the prior Alt season. Already did try a failed breakout once. Will it succeed the next time ? For this to happen the big caps #SOL , #BNB and #XRP have to outperform.
Lets Go. Alt Season!If we remain above this line, Alt season is here. BTC.D chart is also rejected by monthly resistance. Clear chances of alt Season
