TOTAL2 - Alts still look very bullish!Yo, dawgs
At a chart you can see capitalisation of total coins, except of Bitcoin, on a weekly TF.
Even after massive drop, we maneged to hold 20MA (yellow line), that is main indicator of bullish trend.
Also, I draw fib circle, that may help you navigate in trend dynamics.
Technically, we can drop even low, to the red line, and still be in main bullish trend, but that would be bad. Very bad.
Fundamentally, I don't think we will have growth as in 2017 in 130k %, because those growth was based on manipulation vs BTC pairs and ICO scams.
If BTC dominance won't fly to the moon, I think we can reach +-5T this cycle.
That's all, folks.
TOTAL2
ALTCOINS Following Fractal from Previous Dump IdenticallyThis is bullish for a re-gearing of the crypto market back onto bullish trajectories. This 51% selloff in BTC and larger selloff in alts is following this fractal pattern beautifully - Expect some days to be choppy, but all in all, up and to the right.
As you can see we're about to have a bullish cross on the Daily MACDs and we are testing resistance on the Daily EMA ribbons.
We just had a bullish cross on the 4H EMA 20 coming above the EMA 55. The 1H EMAs are all bullish now. Crypto is staging its next assault.
Which is why you should be stocking up on the MOST fundamentally sound projects with near-term catalyst like DOT. DOT is my favorite token at this moment. Please see my analysis here on recent happenings in DOT and its ecosystem:
TOTAL2 - Alt Season Bull ScenarioWe are seeing a pennant and inverse head and shoulders on 4h time frame of Total Altcoin Market Cap. Powerful reversal setup. Meanwhile, US Dollar Index $DXY is at support in an environment where inflation is a huge fear. I expect a breakdown of the Dollar, leading to one final huge rush into assets as peak inflation fear erupts.
BTC/USD (Found Weekly Support?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin printed its 1st green candle after the strong sell-off
-The price found support at a previous weekly key area
-This is a good sign of strength as the bears failed to create lower lows
-I'm not saying BTC will no longer dump or trade lower
-But the probabilities to see a good upside pullback increases
-If the bulls will attempt to push the price higher
-I think 45k-49k dollars is a strong resistance area
-So if you are looking for a buying oppurtunity
-Please make sure to have a trading plan
-And an exit strategy if the trade becomes invalid
-Have a nice trading week everyone!
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
``````````````````````````````````````````````
If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Total2 alt coin market capAltcoin market cap looking alright.
Breaking trend resistance level while making higher low next best resistance is 990T.
If we close bullish Monday into Tuesday expect a green week for altcoins to slowly recover.
Important for the market to hold Sunday low!
always secure some profit on the sideline.
patienceIt may be a grueling summer, watching the entire market chop around as nation states play around; "crypto isnt legitimate." "Crypto is legitimate" Blah blah blah... until finally there is another crisis on our hands. oh no liquidity drying up, oh no inflation, oh no what do we do. Crypto offers many solutions to the next manufactured crisis.
*ALERT* ALT Coin Market Reversal ImminentI just finished studying 9 previous recoveries after a crash of the Alt Coin TOTAL2.
Every Single One had a retest of the 0.236 Fib level.
Most dug into this region by a third and up to a half. One bounced right off that level.
Be aware that we may see a Total Alt Coin Market Cap of between :
$808B and $710B
In the next little bit.
This would dictate a healthy recovery pattern.
Have fun.
#dontworryimstillapermabull
Total Crypto Market CapSuch a beautiful channel, look how price reacts off the median in the past. I think we're in Wave 5 now headed for ATH's in the fall. I would probably get ready to take big profits in the fall as price hits the top of the channel. Wave 4 didn't go below wave 1 and we're currently at the Golden Fib Retracement from the Wave 2 low, #chartporn
market cap may collapse and correct today between 19 to 21 UTCwe have some inflows coming and BTC rallied quite a lot I expect some correction soon and correction up at this time just my notes lets see what will happen but if market goes down I will start to look for trades at this time frame if it goes up a lot short if goes down al lot long will update later
I give around 80% probability becausse its fib time extension levels which come together from 3 big trends something should happen at these 2 hours
Could it be this simpleDoes market cap even matter? Like really, if it is just a representation of (the perception of) value, is it hard to conceive that there is no objective limitation to how much crypto is worth?
Could the chart really be this simple?
Could a bull flag be forming in the altcoin market, meaning we're about to see a HUGE run up by BTC
BTC/USDT (3D TF 100MA Key Support?)💎Technical Analysis Summary💎
BTC/USDT
-After the recent strong selling on Bitcoin last week
-The price may have found support at the 31k dollar range
-This area is a confluence of previous swing support last January 2021 trading
-Also, the 100MA perfectly coincides in this area which gives an extra level of defense
-Now, the big question if the Bulls can hold this area in the coming days or weeks
-Because if it does, I think we will have a higher chance to retest the previous support
-But if the Bears can steal this game, a deeper push to 25k-21k is on the table
-Guys, be careful and always have a proper stop loss
-As the market volatility is high, Reduce position size if possible
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
``````````````````````````````````````````````
If you need help/advice don't hesitate to
Send me a message here PolarHusk 😊
``````````````````````````````````````````````
Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
``````````````````````````````````````````````
Total Market Cap ForecastThe chart is similar to the Bitcoin chart. And it seems that half of the uptrend is left and we are about 400 days away from the end of the uptrend. And the recent correction was due to the collision with the midline. The Fibonacci timeline also marks the end of the climb and the uptrend.
If you see my bitcoin analysis as well.
I think we have to wait for the Altcoins pump and the slow uptrend of Bitcoin
Welcome to the altcoins season.
Broadening triangle. BULLISH ! The TOTAL crypto market cap is experiencing a heavy indecision between sellers and buyers. This pattern usually happens at the top of the run and it can be a continuation pattern. This is a rare pattern and until failure of the 5th wave, we are still strongly bullish
Stay safe!
TOTAL2 Retest, Likely Further Collapse - PitchforkTOTAL2 Has seen some great growth
there is more to come for the bulls but we are now jus taking a breather and gearing up
at the 0.5 line is a strong and likely point of support for this price action
Being tested as resistance three times, to be tested as a support? It will likely reject upwards and continue with the bull run.