TOTAL2
Altcoin Crypto Market to $50T by May 2022 ($TOTAL2)I've used a basic understanding that the market cap during the last bull run of 2018 grew approximately 10000 times from the bottom. I used one order of magnitude less for this target (1000 times from the bottom) to reach the upper end of a fibonacci target. We may find a short term peak somewhere in April 2021 after a precipitous spike, followed by the completion of the time fractal into a top around 50T at May 2022. From there, I would expect a similar 90% retrace as seen in previous crypto bearish cycles, and then possible a 100 times move from the bottom (one less order of magnitude again) to continue the move towards 500T market cap sometime in 2027.
#ALTMARKETCAP on Support! Keep CALM!Welcome to this quick update.
ALTMARKET CAP : Reason I have been covering this up again and again and not just a particular coin is the growth of every altcoin depends on this chart.
If it's bullish every altcoin will pump some more some less.
So keep an eye on TOTAL2 So far all looks good.
Daily must close above $508 BILLION rather I would say above 50D MA to continue to the upside.
Be cautious with altcoins, even I am holding some trades in which I forgot to put SL's (I know some of you did that too, it hurts ).
Currently the chart is holding both the MA and the support line.
Need to be careful with BTC.
Stay tuned
ALTMARKETCAP Dead Accurate Call! Now what?The previous post has been dead accurate and perfectly followed my analysis. I am leaving the link below this update please go through that update too.
Closed above $508 and also 10% UP since the post.
This is a 2 hour chart, I believe an inverse H&S breakout is likely here.
Once it does we will see more green in alts.
The only issue here is the 21D MA (purple line) which is around $560 billion now.
We need a close above this level. Once we do added with the Inverse H&S Breakout party will officially be on!
Don't give up on ALTS I reckon we haven't even started yet.
Do hit the like button and support my work. It means a lot to me and keeps me motivated to post more informative and lucrative updates/trade setups for you all!
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Stay tuned.
Altcoin Rally Just Getting Started....Don't Miss it!The crypto market has been steadily trending to the upside since we called the $10k bottom. I see many are saying alts won't outperform Bitcoin again, I personally do not agree with that sentiment, and I believe we will see a similar alt market movement as we saw in 2017. Looking at the alt market cap chart, we see the alt market has just broken above its all-time high. I believe we are in an Elliott wave-like structure, and we'll see a wave 5 push up towards new highs. I do not believe we'll see the same multiples in the alt market as we experienced in 2017, but a strong push for much larger market evaluations seems inevitable. We saw upwards of 1000x in the 2016 2017 run, it would seem reasonable to me to see a 5x - 10x increase in the alt market this bull cycle.
Remember, stay level-headed, objective, and let the charts speak for themselves, NOT the new media.
#TOTAL2: Retest of Previous All Time High Confirmed!At last, the altcoin market cap retested the previous ATH!
Many Expected prices to keep going up w/ no pull back based on BTC's Price Action. Sadly this didn't happen!
Although sentiment has been shaky, I remain Bullish!
OK, important to remember that pullbacks are part of it.. you have to stomach 30% pull backs to reap the 3000% profits..
When price breaks ATH Level, and come back down to retest the previous ATH level, it's the equivalent to a support resistance flip!
This is where the strongest group of buyers are, & w/out a 'blackswan event', this market should steam ahead!
People new to this market aren't used to this volatility but let me remind you, in march 2020, BTC & Altcoins all crashed 50%+ in a day! This recent crash was nothing and also should have been expected!
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Keep #ContemplatingCrypto CRYPTOCAP:TOTAL2
TOTAL2/BTC: Prepae For A Giant WaveI love this chart.
look at it. the rally is not even started yet.
thanks to time fibo and the upper resistance of the blue channel this correction was predicted. the orange line (which is 100% time retracement of two last highs) can be a good time for the main rally to begin. (or it may just begin a little earlier)
the main point is that there is still a lot of room for growth.
Anyway
Cryptocurrencies (altcoins, to be specific) are going to rock and what we saw in past months was only a small portion of a bigger movement.
BTC.D vs TOTAL2 UpdateAs you can see on the BTC.D chart we have a clear rejection of the MA200 and a bearish cross pointing down (MA50 - MA100).
This tells me the dominance will keep going down and downwards momentum will increase.
TOTAL2 target on fib extension points to 817b
This is not advice, just a follow up of my previous charts
💡ALTS M-CAP Is Not Giving Up🚀🚀🚀🚀🚀🚀 #ALTSEASON2021Hello Dear Traders,
We Crypto Traders witnessing Awesome alts rally from few weeks,
Every other alt coin is 2x-3x from weekly low, from last week we are seeing exhaustion in alts.
Alts market cap made high of 600B and corrected to near 500B.
from last 1 day again huge buying we are seeing in alts market cap, in upcoming days we will see alts market cap crossing 700B.
hence small-mid-large cap coins are going to test new heights.
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TOTAL2 Altcoin Market Cap RSI MACD Double DivergenceIt is really important to respect RSI MACD divergences since they most likely are working and showing you the way before it happens, also this situation happens at the exact 1.618 fibonacci extension level it is hard break through and the new trend's degree was quite high, so I am expecting a correction to the latest trend level drawn on the chart, the purple drawing shows the prediction of movement. I am keeping my positions open ( not futures ) , but I am aware that this is a possible scenario but eventually it will be the buying opportunity at it's best after the correction.
Total2 Cap / Altcoin Cap - Sky is the limitLooking at the TOTAL2 chart, last breakout above previous cap ATH saw a huge gain over 560d period. TOTAL2 has just broken the previous ATH and it consolidating nicely. Accumulation phase has been longer this time, so the top may be beyond 560d. Watching BTC.D closely also.
Work In Progress - Total Market Cap (excluding BTC and ETH)Last Bull Market was about BTC and alts, we saw some alt seasons clearly noticeable using the BTC Market Dominance Chart but now we have something a bit different. BTC is King and will remain King but that King found a Queen (nothing really new, no matter how you name it).
For some traders/investor, ETH died a long ago. Nevertheless, as we know ETH reborn like a phoenix from the ICO ashes to be the most innovative and used Defi network. Not everything is great since ETH network is quite expensive. We all miss the sub 5 gwei fees for sure…
Anyway, using some alternative methods to find where/when alts could be in exhaustion or expansion I decided to also use this new Market Cap Chart.
On the top we have the Total Market Cap excluding BTC+ETH and below the Market Cap Dominance (excluding BTC+ETH). I do believe we now need to merge BTC and ETH into a single entity since ETH is clearly not behaving like many alts. I also believe ETH will remain more volatile than BTC. This chart isn’t about finding patterns/opportunities for each crypto but instead looking at everything to see where alts may find support or resistance, switching the cycle from alts to BTC+ETH or vice versa.
By the way, I'm not assuming ETH will move with BTC but they complete themselves.
To the last breath up to 600 billionThe uniqueness of Altcoins continues to reach the $ 600 billion area. We will reach a dangerous point in the future, and I hope that the tragedy of 2017 will not be repeated. Currently, the indicators are in good condition and will benefit you until the last drop of blood.