The Cryptocurrency Bullrun has Alot LeftComparison between TOTAL and TOTAL2
A heap of room to grow
Making assumptions based on the previous bull run
TOTAL2
TOTAL2 Price Discovery ContinuationCrypto Market Cap Excluding BTC is looking
very bullish.
Ichimoku is bullish as can be:
-Kumo cloud is green
-Tenkan is above the Kijun
-TK is above the cloud
-Lagging span is well above price and cloud
-No C Clamps forming calling for correction
-Tenkan as the first line of support of the
Ichimoku system was tested last week and
the price bounced off there beautifully
Moving Averages are looking bullish:
-MA7 (not pictured) acted as support well last week
-MA7 is well above MA30
-MA30 is above EMA100 both are curling up nicely
Volume these last few months have been huge.
If price closes here above $575B or even just green
in general it will confirm the positive retest
flipping the previous Jan 2018 All Time High
resistance to support and we should expect upward
price expansion to continue, first targets being
the Fibonacci retracement lines of
1.618 @$749.398B
2.618 @$1.19T
3.618 @$1.63T
4.238 @$1.902
I fully expect this market cap to grow
exponentially more than where we are now past
these fib lines for these coming years.
Especially considering how much attention
finally cryptos are getting by institutional
investors and the mainstream populous in
general realizing the validity in blockchain and
decentralization as the big technological
advancement of this generation.
This is just the beginning of worldwide eye opening,
media attention and exponential growth in this
market.
Allocate your assets accordingly.
TOTAL2 Altcoin Market Cap Expected Bounce SoonBTC and Alts were in corrective phase and soon, I am expecting Altcoin Market Cap to bounce from that trend line, my target is between 700-800 billion dollars, maybe even 900.
The Irony Within the Market - UGLYI know beauty is all about perspective, so here's mine
This is an ugly formation
While NFT's (digital artwork) within the Ethereum community continue to explode, an array is present, and as they cement their place
We are stuck with this ugly (W) formation on the Altcoin market
I just find it Ironic, I had to post
Maybe irony presents a form of truth?
Above is a long term chart of the altcoin market of mine, hopefully it provides clarity
Blueprint BTC/USDThe bottom was December 15, 2018. Just look at the charts. We are in a bull market. BTC market-cap will continue to grow until 1.5 trillion, but dominance will settle down to only 40% - 46%. Any large cap alt coin (XRP, ETH, LTC, IOTA, etc...) stands a chance to temporarily dethrone the Bitcoin, as market-cap will trend towards more even distribution. The flippening, that would be interesting!
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Do you disagree with this analysis? Please, leave a comment and tell me how you think I could improve in the future.
I am not a financial adviser, this is NOT financial advice.
Evaluating the Bullruns StrengthIt can be seen within the present bull run that BTC is outperforming ALTS (Aggressive Alligator Spread)
While in the previous bull run ALTS outperformed BTC to a degree (Aggressive Alligator Spread)
What is the cause for this changed?
Possibly the introduction of larger institutions entering into Bitcoin, but something tells me its the saturation of the altcoin market that has allowed for this to occur. More altcoins = dispersed opportunity.
Comment your thoughts below,
I'll link the Alligator indicator below for you guys :D
Heading for a large MCAP ? TOTAL2 A bulls perspective of the current situation on TOTAL2
Within a falling wedge above 1.618
This may lead to a breakout and a test of 3.618
The bulls continue!
Altcoin market cap bullish scenario at play? Level to watch...Still trapped in a trading range but seeing some upward pressure and we may be about to see noteworthy breakouts. I am personally watching that 560B level as a potential leading indicator of a bigger swing higher.
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.
TOTAL 2 About to breakoutTOTAL 2 has two possibilities and most likely it will breakout on the 5 try.
Manage your positions carefully.
ALTS have more room for growth than BTC2.618 is the target for Altcoins (total2)
2.618 has been reached on TOTAL, which incorporates bitcoin.
I believe we will see a strong altcoin dominance this year
Attaching some of my previous TOTAL2 and TOTAL charts
I am long BCH, AugurV2, Ethereum..
#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.
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Stay tuned.
