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TOTAL2

BTC/USD (Mini Consolidation?)💎Technical Analysis Summary💎 BTC/USD -After the bullish rejection at the 50D MA for the 2nd time -Bitcoin is up by almost 20% from the recent daily higher low point -Currently, the price has been consolidating in this small range between 56.6k-60k dollars -If this a mini bull flag to break into a new all-time high price? -Or a little weakness as the bulls are not showing any strength to go higher anymore? -This is like a calm before the storm at the moment -We can see the BTC dominance is dropping to a new lower low, currently at 58.5 level -Many Altcoins are performing extremely well this past few days -Since it is the weekend, BTC can move against you since the market is a bit choppy -I always recommend booking profit and move stop loss at BE to reduce your risk -If in case we will have a pullback, the 54k-55k is a good potential support -And if BTC will make a new higher price, I will start scaling in for new positions -Anyways, Good luck everyone! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
BITSTAMP:BTCUSD
by PolarHusk
10
TOTAL2 chart nearing 1 trillion dollars; alt season is booming!It isn't as apparent just by watching the btc.d (bitcoin dominance) chart until just recently but we can see on the total2 monthly chart (every crypto except btc) that we have been in a healthy alt season for several months now. We can see just as many impressive consecutive green monthly candle closes on total2 as we can on btcusd and it looks like the total2 price action will be heading for 1trillion very soon. I totally expect the whole market to soon be at 2 trillion. This is an incredibly bullish chart that should continue to make new ath's. *not financial advice*
CRYPTOCAP:TOTAL2Long
by DrDovetail
Total Altcoin Market On Its Way To $1 Trillion Market Cap1 Year ago, on March 31, 2020 the total altcoin market was valued at $62 billion. Today Ethereum alone is valued at $210 billion. TOTAL2 measures the total market cap of all altcoins (Total crypto market with BTC excluded). The Total Altcoin Market is currently valued at $700 billion while BTC has a market cap of $1 trillion. Looking at TOTAL2 there is resistance at current market cap level of around $700b. The altcoin market is continously making higher lows and is creating somewhat the same highs. This is creating an ascending triangle meaning we can see global breakouts across altcoin markets in the coming days. The Relative Strength Index is showing bullish progression. RSI seems to be "breaking out", an RSI level of 85 seems like a good index level as a target. On the Weekly Timeframe you can see this market is healthy by retesting previous alltime high zone: Does this market structure look familiar to you? It might remind you of BTCUSD at the end of 2020, it has the same type of market structure. If the altcoin market follows the same course, things could get very exciting for altcoins: Next I looked at some of the top-10 altcoins by market cap such as ADA, BNB & THETA and they all look bullish or creating bullish patterns. If the total altcoin market increases 42% in value, the altcoin market would be valued at a market cap of $1 trillion. This is a huge psychological level and when BTC hit $1t market cap this created alot of FUD and Bitcoin dipped 30%. BTC's Dominance in the overall crypto market remarkably finished making a perfect Elliot Wave: (This chart works with percentages on the y-axis.) 3 strong impulsive waves (1-3-5) followed by a 2 corrective waves (A-C) and retested previous trend perfectly (B). Great Elliot wave! Bitcoin also pulled back perfectly to the 50k USD zone. This is very promising for the longterm! The longer price stays around this area, the better it is remembered by people for the longterm. If a number like that is skipped too fast it can create unsustainable growth and uncertainty/doubt for the future. Also when Bitcoin increases in value, it is almost inevitable altcoins will too. So I come to my last bit I want to mention: every last Friday of the month the contract options of CME expire. This usually creates a dip nearing this point in time. It's one of the biggest exchanges for trading derivatives and has an effect on the Bitcoins market:
CRYPTOCAP:TOTAL2Long
by jonathanvn
BTC/USDT (Good Sign of Strenght)💎Technical Analysis Summary💎 BTC/USDT -After the recent 50D MA support retest, BTC is up by 18% in 4 days of trading -Yesterday candle manages to close above the 57k level which is a good sign -I think if Bitcoin can sustain this daily candle, the chances to retest All-Time High increases -But if we will have a minor pullback, the 55k zone would our potential local support -To maintain its bullish uptrend structure in the daily chart -As expected, many altcoins are already recovering from their recent dips -Some are making new Higher Highs already which is a strong sign in the over-all market condition -The BTC Dominance is at 60 levels, if this level breaks down, we will have a good altcoin season again -But if the Dominance chart increases above 62 levels, we need to prepare for market pullbacks in altcoins -If you have a good position and bought the dip last week, please book some profit or move your stop loss at BE -Reducing your risk and protecting your profits is our main goal once the trade turns in your favor ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins TiborVrbovsky 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
19
BTC/USDT (Retest Trendline Resistance)💎Technical Analysis Summary💎 BTC/USDT -Previous update Bitcoin is testing the 50D MA support -The Bulls entered the market and we saw a strong bounce from 50k area up to 56k level -Currently, the price is retesting the previous trendline resistance -This zone is a confluence of resistance Fib of 0.5 - 0.618 -Well, the trend is still our friend but BTC needs to break this short term resistance -To increase our bullish bias in the midterm action -We still have few hours left before this weekly candle closes -Most altcoins saw a good recovery this past 3 days of trading -If BTC can break and sustain above the 57k level -I think many Altcoins will come out strong making new Higher Highs -But a failure to go above the bullish area will lead to testing the lower 53k dollars -Either scenario, you must always have a trading plan and exit if the trade becomes invalid -I hope you all enjoyed your weekend! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins plancton0618 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
16
Get ready for Next Alt Season , Total2 Analysis 🔥🔥#TOTAL2 : Altcoins Total Market Cap Well, we were going to talk about the Altcoin Total Market, analyzing the indices is hard and responsible work because candles are a function of volume and not every pattern and indicator can be used, and most of the work is based on behavior. In Total2 we have an uptrend that is still maintained from the previous analysis 2 months ago and a possible Ascending Triangle pattern whose trend bottom is marked in orange and a heavy resistance at 700 billion. We have two scenarios ahead : 1- Breakout resistance in the current wave 2. Correction to the bottom of the trend at 575B and breakout of the 700B resistance in the third retest and the next wave According to the chart, I see the Alt Season probability if we keep the trends and in this wave or the next wave break the heavy resistance of 700 billion ascending triangles and move towards 750, 806, 941 and reach 1450B at the end of the wave Because we are at the end of the compression, we should expect a sharp move in the next few days, which I expect to break the resistance upwards
CRYPTOCAP:TOTAL2Long
by imanpajand
15
BTC/USDT (Testing 50D MA Support)💎Technical Analysis Summary💎 BTC/USDT -Bitcoin broke its minor support at 54k dollars from my previous post -The price touches the 50D MA dynamic support again since January 27 -if history repeats itself, BTC might retest the trendline resistance -But if the Bears can maintain its current momentum -I think we will have to watch the 45k major support in the coming days -This downside correction will print another -12% move -And will cause deeper correction for most Altcoins -Please be careful, make sure you have proper risk management in times like this ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
20
BTC/USDT (Temporary Support Found?)💎Technical Analysis Summary💎 BTC/USDT -Bitcoin found support at previous mid resistance and its local support -This area is also a confluence of 50MA in the 12H time frame -The price bounce up strong and is likely to retest the trendline resistance -if BTC can't break above this resistance line, I think it will play inside this bigger triangle -In the next 10-15 days, we will soon have another direction to watch -We can say Bitcoin is safe for the time being, Some altcoins are recovering already -More sideways action for BTC is the advantage for the Alternative coins ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
13
BTC/USDT (Short Term Triangle Pattern?)💎Technical Analysis Summary💎 BTC/USDT -Bitcoin is currently forming a potential symmetrical triangle -If the trendline resistance is broken upwards -This is a confirmation of the continuation pattern -But if the support trendline is invalidated -Expect a support retest around 53k-52k dollar area -We will definitely see a breakout within 24-48hrs -I would really love to see a bullish break in the short term -I have plans if we go to the south in terms of risk management -And capital preservation because trading is a game of probabilities -Going to the BTC Dominance condition, I think the Altcoins -Will continue to grow as the Dominance chart is retesting the 60 level -This is an indicator of BTC pairing altcoin may move stronger in the coming days -As always, prepare for both scenarios either BTC pair or USDT pair coins -Have a nice day everyone! ⚠️Please always read the description⚠️ Thanks for donating 💰 via Tradingview coins bitcoinpam 🙏🎉 `````````````````````````````````````````````` Trading Involves High Risk ⚠️ Not Financial Advice 💸 Please Exercise Risk Management 💱 `````````````````````````````````````````````` Thank You All!🙏😊💖For Supporting My Channel 📺 Through Leaving A Thumbs Up, Comment & Follow 💬 Happy Trading!😊💕💖 ``````````````````````````````````````````````
by PolarHusk
11
Crypto total charging up for the last waveHey everyone, What I can see is alt coin cap is just charging up for the last wave of the run. The big run with the most gains. I expect most alts to gain a good few Pips, Time to be like a sniper and choose wisely before hitting the target. The MACD is a lagging indicator but it works most of the time, our Final target is 1T alt coin market Cap before the next retracement. This is not financial advice, Be the master of your own money. Good Luck
CRYPTOCAP:TOTAL2Long
by Louis202