Analysis for TOTAL2/USDT: Weekly Timeframe 📊
The chart shows the Crypto Total Market Cap excluding Bitcoin (TOTAL2) on a weekly timeframe. The key focus here is identifying significant Buy and Sell dates, which can help traders align their positions with potential market tops and bottoms. Below is the analysis based on the forecast lines:
🟢 September 28, 2026 - Buy Date (Green Line):
This indicates a potential local bottom for the market, suggesting that accumulating positions during this time would be beneficial. The market is expected to decline until this date, offering a better opportunity for long entries.
🟥 March 10, 2025 - Sell Date (Red Line):
The forecast shows that around this date, the market could reach a local peak. Traders should consider securing profits or tightening stop-losses, as a correction could follow after this date.
🟥 February 28, 2028 - Sell Date (Red Line):
Another critical date where the market could potentially reach a peak, signaling a good time to reduce exposure or sell off positions. The market is expected to rise leading up to this point before encountering a correction.
It is essential to verify these forecasts by looking at higher to lower timeframes and aligning these predictions with trend indicators and support/resistance levels.
Additional Notes:
1. Thicker lines and labels like “1h/4h/1d” provide clarity on the timeframe of each prediction.
2. Green Line indicates that prices are expected to decrease, making it a Buy Date where long positions can be considered.
3. Red Line marks a peak, making it a Sell Date where profits can be taken or short positions can be considered.
4. Slight time deviations (1-2 candles) might occur, so the exact time is not absolute, but the day of action is critical.
5. Forecasts work best in combination with a trend filter and position open/close indicators for a more complete analysis.
Remember to always check the forecast closer to the date indicated on the chart and adjust positions accordingly.