ALT M.CAP: JUST DID A RETEST! HODL YOUR ALTCOIN BAG!!Hey everyone!
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What is Total3?
Total3 refers to the total market capitalization of all cryptocurrencies except for Bitcoin (BTC) and Ethereum (ETH). It provides a clearer picture of the overall market health of altcoins, excluding the influence of the two largest cryptocurrencies.
Now, let’s analyze its chart.
If you're worried about the recent dip in altcoins, take a look at this chart. Total3 has broken out from a bull flag on the daily time frame and is currently retesting that flag. If it holds at this retest level, we can expect another bullish rally in altcoins soon.
Don’t be scared by negative news like the war; such situations are temporary, and the market has rebounded many times in the past. Use this dip as an opportunity to dollar-cost average (DCA) into your altcoin positions. If you've already accumulated, just hold patiently.
What are your thoughts on Total3's current price action? Do you see a bullish pattern developing? Share your analysis in the comments below!
Altmarketcap
TOTAL2 (Altcoin M.cap): Bull Flag in Play?Hey everyone!
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WHAT IS TOTAL2?
TOTAL2 refers to the total market capitalization of all cryptocurrencies excluding Bitcoin. It's a metric used to gauge the overall performance of the altcoin market, essentially everything other than Bitcoin.
TOTAL2, which tracks the total market capitalization of altcoins, is currently trading within a pattern resembling a bull flag. This pattern can be a bullish continuation signal, but confirmation is needed.
Here's what we're watching:
Bull Flag Breakout: A clean break and close above the upper trendline of the flag would be a bullish signal, potentially leading to a rise in the altcoin market capitalization. TOTAL2 is currently finding support around the middle line of the flag.
So accumulate as many Altcoins as you can till then it is trading inside the flag. Sooner or later we will see a great Altcoin season.
What are your thoughts on TOTAL2's current price action? Do you see a potential bullish flag? Share your analysis in the comments below!
Could Altcoins Rise This Weekend? Here's What We're Watching!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be much appreciated!
Total2 (Altcoin Market Cap) Update:
Total2, which tracks the total market capitalization of all cryptocurrencies excluding Bitcoin, appears to have broken out of a falling wedge pattern in the 4-hour timeframe. The price is also holding above the 50-day Moving Average (50MA), which can be a sign of support.
Expecting a good bounce in Alt M.cap up to $1.12T in the next few days. Keep a close eye on your favorite Alts this weekend.
What are your thoughts on Total2's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Thanks!
ALT M.CAP IS AT RESISTANCE! RISKY TO LONG ALTS HERE!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL2 aka ALT MARKET CAP update.
TOTAL2 is forming a channel in daily time frame and currently hovering below the resistance line. We need a clear breakout of this resistance line to go long in Alts. Longing anything at resistance is more risky.
BTC is also entered into the resistance zone of $28k-$30k level. From here we might see a decent pullback in the market. Also, we have an FOMC meeting this week.
All these scenarios make this week more interesting and crucial. Don't buy anything here either wait for a pullback or wait for the clear breakout.
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ALT M.CAP UPDATE! Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL2 aka ALT MARKET CAP update.
TOTAL M.CAP is forming a falling wedge-like structure in the daily time frame and currently facing strong resistance at the upper trendline of the wedge. If it is rejected from here and starts dropping, we see a dump in Alts as well. In a bullish case, if it breaks out and gives a daily close above the red resistance line then more pumps are upcoming in Alts.
So basically I'm waiting for a reaction here first. I'm not longing for anything when Alt M.cap is at resistance.
What do you think about this?
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#ALT MARKETCAP Hitting a Major Resistance. What's Next ??ALT MARKEPCAP is hitting the resistance right now.
This is a threshold point for the alt market.
If the index breaks this resistance alts will pump along with BTC.
I will keep this chart updated follow me for more.
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TOTAL2: EXIT PUMP OR START OF A NEW ALTSEANSON??Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL2 aka ALT MARKET CAP update. When I posted this chart a few days ago, Alt M.cap was at $440B and currently, it is trading at $476B. It is going perfectly so far. We see a huge pump in the Alts. Hope you guys followed my projection and made good money.
Now, the question is is this the start of the new Altseason or this pump will fade up in the next few days? So to get the answer to this question read the whole update carefully.
As you see in the chart, Alt M.cap is forming a descending channel in the daily time frame and currently, it is trading near the upper trendline of the channel. Here we have some resistance. So IMO, it is not worth taking new positions here until we break and close above this channel with confirmation. There is no doubt in that we see some more pumps in Alts but it is not worth taking any new positions here.
If you are holding some Alts, then book profit or partial profit and wait for the dip to take new entries.
That's all from my side. What do you think about this? Let me know in the comment section.
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TOTAL2: ALTS RELIEF BOUNCE INCOMING!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL2 aka ALT MARKET CAP update. As 2022 is ending and this year might be not good for us but hope 2023 will be the best year for everyone and you guys make a lot of money this year.
According to the chart, Total2 is an important support level and currently holds this support very well. We can expect a bounce from here. It means we see some relief rally in Alts in the first two weeks of 2023. Rsis also shows bullish divergence.
Invalidation level:- Daily close below $430B
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Wish you a very happy new year everyone. Hope this year brings lots of joy and happiness in your life.
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ALT M.CAP IS FORMING A BULL FLAG!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL2 aka Altcoin M.cap update.
Total2 is forming a bullish flag like structure in 4hr time frame. Currently, it is trying to break the flag here. If it succesfully breaks the flag then we might see some more 15-20% bullish rally in Altcoins. In case of a rejection, we have an important support at around $550B which must held.
Keep an eye on this.
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ALT M.CAP UPDATE! WHEN TO GO LONG IN ALTS??Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL2 aka Altcoin market cap update.
TOTAL2 is forming a falling wedge like structure in 4hr time frame and currently looks like it is going for a 3rd tap of lower trendline of the wedge. Once it is reached near the lower trendline ($495-$500B) we can open some long positions with a tight stop loss. Longing here is more risky and less rewardable.
Hope this chart helps you to take better trade decisions.
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TOTAL2 UPDATE! ALTCOINS IS IN DANGER!!Hello everyone, if you like the idea, do not forget to support it with a like and follow.
Welcome to this TOTAL2 aka Altcoin market cap update.
Total2 is not looking good here. It breaks down from the bear flag-like structure and the recent pump in Altcoins was just a retest. After this retest, we might see more drop in Alts.
If you are holding any Alts then keep your stop loss tight.
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ALTS WILL PUMP SOON AFTER A LITTLE PULLBACK!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this Alt M.cap AKA Total3 update.
Alt m.cap is trading inside a symmetrical triangle in the daily time frame and currently facing some resistance as the triangle's upper trendline. I'm expecting some pullback from here. I'm not opening any long positions now. Either I'm waiting for a pullback or if it breaks out from here, I'm taking some long positions.
Let's see how this goes.
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ALTCOINS BULLISH RALLY AHEAD IF? Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this Total3 market cap update. Total3 generally indicates the market cap for all Altcoins excluding BTC and ETH.
Now let's get to the chart.
Total3 is forming an inverse head and shoulder pattern here where the breakout of the neckline is still pending.
Once it breaks the neckline we will see a pretty good rally in Altcoins.
I'm expecting a bullish rally in Alts in the month of July and August. All i"m waiting for is to break this neckline. Let's see how it goes.
What do you think about this?
Do you also think that we might see a good rally in Alts in the month of July and August?
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SHOULD YOU HOLD ALTS OR NOT? ALT M.CAP UPDATE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ALT MARKET CAP(TOTAL2) trade setup. Alt market cap looks fine as of now.
Alt market cap is moving inside a descending triangle which is a bearish pattern. Currently, the alt market cap is trading near the lower trendline of the triangle. So I'm expecting two scenarios here:-
Scenario1:- According to the first scenario, we can see some bounce in altcoins, and the alt market cap can reach up to $1.04T level and reject from there. Once it breaks below the triangle then the next support it at $800B
Scenario2:- If we did not get a bounce from the lower trendline and if it breaks below the triangle then it will dump.
Conclusion:- If you are holding any Alts on spot then I recommend you to exit after a bounce in alt market cap till $1.04T level or if it breaks below the triangle from here then exit immediately.
INVALIDATION LEVEL:- If the alt market cap breaks above the triangle then this chart becomes invalid.
What do you think about this?
Should we hold our altcoin bags or not?
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Total Altcoin Crypto CapGreen lines have been drawn and stayed put since everyone was bearish back in August... Check my posts for the same mark up.
We look to be retesting support after a routine cup and handle/ascending triangle breakout to completion (May '21 to October '21).
Currently, I can see 1 of the 2 scenarios (red lines) playing out as we head into Q1 of the new year.
Overall, I believe the recent news on all fronts (celebrities, sponsorships/marketing , news articles, adoption, institutions, politics, retail investors) will push the market into it's continued uptrend around the holiday times. People love to chat around the dinner table. Chad has been making great gains this year... maybe it's time his family finally gets involved. Buying crypto has never been easier than downloading Coinbase - a repeated #1 trending app in the apple store. Spending crypto has never been easier with your CRO/Voyager/Visa USDC savings account (or $KASTA coming in Q1). Now everyone and their grandma can jump in.
Alt Market Golden Cross, Beating Consolidation TrendThe alt market is looking really bullish. The market cap reads above the consolidation trend shown above on the 15m chart, and we see a golden cross closely approaching fruition between the 180ma and the 9ma. The visible range will give us levels of guidance as we see inflow/outflow accordingly. Good luck traders!
Disclaimer: These are my opinions posted for educational and entertainment purposes only. This is not financial, nor investment advice. I hope you all make tons of money, however I am not responsible for financial loss. This is one of the most volatile markets out there. DYOR
TOTAL2 ANALYSIS! GREATEST ALTSEASON OF HISTORY IS ABOUT TO COME!Hello everyone, if you like the idea, do not forget to support with a like and follow.
ALT market cap looks very bullish to me. It is forming a giant ascending triangle which is a very bullish pattern and currently trading inside this triangle. Once we broke out from this triangle ALTS pumps like crazy. We may see the greatest alt season of history in the Q4 of 2021.
However, the ALT market cap currently facing resistance here which is at $1.26 trillion. So I expect some retracement from here and we get our last chance to pick Alts at a cheap price. So keep a close eye on the Total2 chart.
As soon as we break this ascending triangle we see a new ATH of Alt market cap.
So be ready to witness the greatest Alt season of history.
Do you also think we see the greatest Alt run in Q4?
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It always motivates me to work more and more.
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This isn't financial advice. DYOR before investing.
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ALT MARKETCAP (TOTAL2) TECHNICAL ANALYSIS!Welcome to this quick market update. In this update, we analyze the alt market cap. Alts market cap forming a double top pattern which is a bearish pattern. Also, RSI shows bearish divergence.
If Alt market cap drops from here then the next support is $1 trillion. So what I suggest is don't overexpose yourself in Alts and put tight stop loss in all your open positions.
If you like this idea then hit the like button and share your views in the comment section.
This is not financial advice. DYOR before investing.
Stay safe. Trade safe.
Thank you.
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
#ALTMCAP Reached $800 Billion Spot on! What's next?Welcome to this quick update guys.
In my last update, I mentioned the $800 billion target for Altmcap and a green week for Altcoins and it happened.
What do we expect next in this chart?
As per this 2 hour chart ALTMCAP breached the $800 billion mcap and closed above it in 2-hour.
It's highly likely to pump to almost $870 billion keeping in Mind BTC doesn't start fuckery here.
With this rally, Altmcap will reach the top of this rising channel.
During these times it's better to take long /short positions and close ASAP. Holding could be painful here.
What's your thought on this?
Will it pump the way it did before?
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Stay safe
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Altcoins are about to die...The alt market cap is testing support of the bearish pennant, when we break support with a confirmed breakdown (retest support as resistance); every altcoin will drop significantly - especially low cap alts. We could see a short term bounce as we have space left in the pennant and only breakdown by the end of the month. Let's monitor what happens...
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Alt Market Cap Analysis - upcoming opportunitiesHello buddies, how are you?
No need to explain about Alts for what happening over the past couple of days. We had seen huge red candles on the overall market. But most of us did not even imagine that the market will fall that much. So presenting you my thought on the current Alt market cap is what am seeing right now.
- In the chart, you can spot Pitchfork which I drew from the recent top. It was presenting index can be in short term or maybe long term downtrend.
- You can closely look into the pattern, every resistance and support line was working well, price action in this pattern was so much accurate.
For now....
- In the chart, you can see one dotted trendline which was the retest point of the index before moving upward and one red trendline named 'trigger line', yes the index broke this red trendline and the current price action is above this trendline. And what is that means is the price(index) has broken its downward momentum. Technically we may see an index at the green line soon which will be the C point of a pitchfork. If the index followed this pattern as it did in the past then there's a high possibility of relief in the alt market cap. As always we trade on possibilities so make sure you keep in mind every factor of the market and trade accordingly.