TOTAL2
#ALTCOINs in Danger? Welcome to this quick update.
In my last update, I said if ALT Mcap CLOSES BELOW 738 Billion altcoins will be bearish AND YET WE SAW dump in ALTCOINS but it didn't follow how I expected.
Just shifting a few trendlines and I got the chart above.
Looks like it's still under the channel and a bounce is likely from here.
It will take some time with sideways action or even little pullbacks during the weekend.
Close below this channel could create a panic in the altcoin market with blood everywhere.
Let's hope we see a bounce from here.
Let me know your thoughts on this.
Thanks for reading, Do hit the like button if you like it and share your views in the comment section.
Thank you
Stay safe
#PEACE
BTC - FIB play PART IIHello trader,
Nice week and profitable deals 💲
This BTC 1D chart is a combination of:
1. FIBretracement from 3k low to 64k high
2. FIBretracement from Wave 2 to Wave 3
3. FIBretracement from 64k Top to Wave3
4. 2017 Top
5. FIBextencion from Wave 2 to Wave 4
6. FIBextencion from Wave 2 to Wave 3
7. Pitchfork
Detailed BTC
FIB roadmap
Weekly logscale roadmap II and Fractal
Roadmap 3
I would like to mention that all I post are just options and my own opinion !
Always trade with SL, and do not risk more than 1% of your portfolio (max 3%) per trade.
No trading advice !
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Thanks for reading my ideas,
Trade save!!
#ALTCOIN SEASON only if it happens!!!Welcome to this quick update, everyone.
I got many requests for analyzing the Altcoin Marketcap
BTC has been acting strangely these days and I am more of a TA guy rather than the fundamentals.
TBH Fundamentals play a very major role in Crypto.
But charts always give us a hint ahead of the news, doesn't matter Bearish or Bullish .
Let's get straight to the chart:-
The TOTAL2 represents the Total Altcoin market cap.
According to this chart, the Alt mcap must rally towards $800 billion in the next few weeks keeping in mind the $733 Billion mark holds.
Currently, we are at an important level of support.
Observe the channel support as well as the Yellow trendline.
Trying to breakout positively. Breakout and a bullish retest confirm the uptrend in altcoins which will eventually give us a green altcoin week.
What's your thought on this?
Do you think Alts will rally?
Share your views if you have any in the comment section and do not forget to hit the like button if you like my updates.
Thank you
#PEACE
Hodling my Bullish stance - MCAPOn the daily for TOTAL2 we can see a falling wedge forming and nearly complete, after bouncing off the 200MA
While the MACD is showing signs of a double bottom also
On a larger perspective (right) I have plotted the curves that are relevant to the market and two points that are very comparable
We are experiencing a pullback within a bull market
Hodl
TOTAL ALT MARKET CAP BIG MOMENTPerfect double bottom bouncing off this fib
This represents McDonalds workers taking off their hats turning the M upside down
You think this red candle got beef?
This could be the best break up since Brad Pitt and Angelina Jolie
Do you believe in Wyckoff?
Well the bulls are hopeful and the rent is due my dude
but I will still wake up early in case in need to fry up some raman noodles for breakfast and put on my McUniform
OTHERS MCAP, Emphasis on June 2022Many of my charts are suggesting a June 2022 end to the bull market
Similar price points can be seen at .618 and 1.618
The curved pattern is pretty cool to observe, I wonder if it will continue further upwards
We are currently in the green circle, a pullback after a bull run, preparing us for the bigger second phase bull run, which is plotted after the green circle
This chart above also suggest June 2022
Déjà vuDevelopments in TOTAL2 for the last week parallel those of late May and early June. A, B, and D are crashes that form a rough inverse head-and-shoulders; in addition, there is an inverse head-and-shoulders shape within D. C and E, by contrast, are the reaction rallies out of the B and D crashes respectively, with E being slightly higher than C. After the E rally, equilibrium is reached which causes prices to be more or less close to their "real" value, which in the case of a bear market in June, showed a steady slide until the next crash on June 20.
BTC is similar except giving more of a veneer of stability, as during last month's slide downward there was a shift from alts into bitcoin, leading to a bump in the bitcoin price around June 14-16. Bitcoin dominance BTC.D has otherwise been broadly inverse to TOTAL2 cap.
This may provide clarity as to whether the bear market in alts is over yet or not. If it's still on, there will be another slide downward in alts leading to another dip. If it's over, we shouldn't see another slide.
BTC/USD (50W MA is Hodling)💎Technical Analysis Summary💎
BTC/USD
-The Bitcoin Bulls defended the 50W Moving Average support
-The weekly candle closed with a bullish rejection at the key interest area
-The fight is not yet over, there is a lot of work to be done
-Many are looking at a potential big H&S pattern
-But the Bears are struggling to close below the 30k level
-Strong Bitcoin buyers are jumping in to buy every dip
-I'm currently sitting on the sideline, waiting for the next move
-Even a bullish Altcoin setup can go wrong if BTC decided to go south
-I'd rather stay in cash and patiently wait for high probable setups
-Only a few days before the monthly candle closes
-July is coming, many opportunities are just around the corner
-Guys, don't rush in, we will have our next shot very soon
-Have a nice day & stay safe! :)
⚠️Please always read the description⚠️
Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉
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If you need help🙋 don't hesitate to
Send me a message here PolarHusk 😊
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Trading Involves High Risk ⚠️
Not Financial Advice 💸
Please Exercise Risk Management 💱
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Altcoin Market Assumptions and Phases This chart suggests we are consolidating before phasing into phase 2 which is intensely more bullish than the recent bull market we have seen
This is under the assumption that price action repeats as it did in cycle 1, which evidence for this can be seen in the green circle and the current place we are in the yellow box
Using my other charts I estimate the current bull cycle to end in June 2022 or early 2022, comparable to the last run
COPIUM It will go up COPIUM
BTC/USD (Holding Weekly Support?)💎Technical Analysis Summary💎
BTC/USD
-As the price entered the weekly support zone
-The Bulls bought the dip and they are still holding the game
-This is still too early to celebrate again
-Because every attempt to move up the price keeps rejected
-Now, we can see a potential strong trendline resistance
-As the price start climbing, the 50D MA also approaches the price
-This may act as a resistance area around 36k dollars and above
-The market is getting more choppy each and every day
-So please be cautious and always follow your trading plan
-If this situation is hard for you to adopt
-Please stay away for a while, observe and study more
-Trade responsibly and stay safe 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 - D1 - Could we see a potential breakout by july ?Ok market is really crap atm.
Alts are diving, following BTC recent red candles.
We are looking here the alts market cap
If the black line hold as support (which is not guaranteed) we could see a falling wedge which is usually a bullish pattern.
But be careful, even if this pattern plays out, according to Ichimoku, we would still be in a downtrend, under the cloud.
If it plays out, targets are green boxes.
This is a possibily but be prepared for both scenarios
Take care
Altcoins reversal on 19 July?TOTAL exclude BTC weekly chart.
I couldn't apply the Gann Fan on the log scale, but explained the details here.
Major resistance: 1:2 line of Gann Fan (starting point: ATH)
If the market continues its declining at this speed, the reversal point will occur on 19 July 2021 which is strong support (2:1 line of Gann Fan, dynamic support, and static support will meet together there).
Please like and share the idea.
Thanks
BTC/USD (Will 50W MA Hold?)💎Technical Analysis Summary💎
BTC/USD
-Bitcoin failed to hold above 40k dollars last week
-The price is back at its weekly major support area
-This is the critical part for Bitcoin this coming few days
-Our only hope if the 50W MA will act as support again for the 3rd time
-If it bounces up again, we will have another retest near 40k
-But a failure of weekly support will lead to further downside
-Not the best time to go all-in on your altcoin trade
-Because the market is shifting its tune in a short amount of time
-We always need to adapt and adjust our strategies base on what the market is telling us
-I will publish a new update once more data comes in
-Please stay safe and healthy 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 💱
``````````````````````````````````````````````