TOTAL3 (Altcoin Dominance Excluding Ethereum) Analysis
TOTAL3 (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.
📉 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.
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VIDEO ANALYSIS ON YOUTUBE FREE
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ALL SIGNALS LIVE UPDATE ON TELGRAM FREE
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.