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TOTAL2

Golden Pocket Rejection We dropped down to a swing failure pattern May 12th. (a long wick down). We then sprang back up on the 15th to create a small range for the month of May. The low and high of that range used to pull the fib and find a golden pocket at 1.15 trillion . We have left that range long ago but since rejected from it twice. I wonder if we will retrace to the POC below and continue ranging? My gut says we go down but that doesn't mean anything really. Now here's the thing. If you zoom out 100% and draw a fib from the lowest low to the highest high you will see the golden pocket is.........1.15 trillion. I cant make this stuff up.
CRYPTOCAP:TOTAL
by Altisona
TOTAL2 Hi Folks, What is TOTAL2? 🔺For our new members: --Total: It is the data that shows the total value of the entire cryptocurrency market. --Total2: It is the data that shows the total value of all altcoins (excluding Bitcoin). 🔺Our Total2 data reached a record high of $1.70 trillion during the previous rally, followed by a sell-off wave that led to a drop to a local low of $435 billion. 🔺During this period, we witnessed many altcoins being delisted from the market or experiencing drpos of up to 90% in value, which was quite painful to watch. 🔺Technically speaking, we can say that this data set, which broke the downtrend, exhibited a consolidation performance in the first half of 2023. 🔺While tracking TOTAL2, we should not forget about stablecoins. It would be overly optimistic to say that the money exiting Bitcoin will flow into altcoins because we are currently not in a "bull rally" phase. The money leaving Bitcoin can also enter stablecoins. 🔺In the previous paragraph, I want to convey the following: It is now overly optimistic to say that if BTC.D (Bitcoin dominance) decreases, altcoins will rise. The money leaving Bitcoin may enter stablecoins, which could cause an increase in the TOTAL2 data, but it does not necessarily mean that altcoins will increase. Things to Know Before Investing 🔺In the second part of this article, we will discuss what needs to be known before making investments. 🔺First and foremost, we are currently in a consolidation zone from a technical standpoint, as you can see on the chart. The decisions of the Federal Reserve (Fed) will directly affect this consolidation process. Especially on the day this article was written, there is an 80% probability of a 0.25 basis point interest rate hike at the next Fed meeting. 🔺Even if the Fed ends the interest rate hike process, experts predict that interest rates will remain high until 2024, and 10-year bond yields are already above 3.50%. While interest rates are at such high levels, it is still too early to expect a significant bull season for risk assets. 🔺As if the Fed alone is not enough trouble, we also have the Securities and Exchange Commission (SEC) going after altcoins. In recent days, the SEC filed lawsuits against both Binance US and Coinbase. However, to understand these lawsuits most simply, it is necessary to look at the Ripple case, which has been fighting against the SEC for years. The outcome of this case is likely to set a precedent. 🔺There is one important thing not to be forgotten: Even ETH was distributed/sold at very cheap prices to raise the necessary funds during its initial sale (approximately 16%). Unfortunately, this harsh reality exists for altcoins, and unreliable projects are prone to failure. Bitcoin, on the other hand, stands apart from altcoins as it never had an initial sale. We will address this topic again in another article. Technical Data 🔺Altcoins haven't died; they are struggling to survive and providing buy-and-sell opportunities with high-profit margins to investors who use the right channels. 🔺Looking at TOTAL2, we can see that the downtrend was broken in January 2023, and it is consolidating and gathering strength before the next bull rally. 🔺$1.06 trillion is a critical pivot (fib 0.5). If there are closing prices above this level, we can say that the bull market has arrived. Otherwise, it will still present reasonable profit opportunities but will remain a reaction rally. 🔺Additionally, during the 2017-2018 rally, there were around 1,000 (let's leave the exact number to those who remember) altcoins, whereas currently there are over 25,000 altcoins. Choosing the right altcoin is crucial when there is a significant amount of money in the market. The number of slices in the cake has increased at least 25 times. 🔺Currently, the TOTAL2 data is testing the "AlphaTrend Sell Zone" resistance at $540 billion. If there are no closing prices above this level, selling pressure could increase. 🔺While the MACD generates buy signals, the RSI is struggling to break the 50-point resistance on the daily chart. If the RSI can close above 50 points, we can anticipate an acceleration in the upward momentum; otherwise, we expect increased selling pressure. Bonus Chart 1: BTC.D 1W 🔺Bitcoin dominance continues to increase. Closing prices above 50.15 points can push Bitcoin dominance up to 54 points, which is expected to hinder the strengthening of the TOTAL2 data. Bonus Chart 2: BTC.D vs ETH.D (Last 1 Month) 🔺In the past month, we witnessed Bitcoin dominance surpassing Ethereum dominance. But why? 🔺In its simplest form, we can say that the applications for spot ETFs for Bitcoin have played a role in this. Dear reader, if you have read this far, I'm sure you have enjoyed it. You can give me feedback by liking and commenting. And if you happen to click on the share button, you can share this knowledge with people in your circle and together we can become stronger.
CRYPTOCAP:TOTAL2Long
by Bullfighterr
3
ALT COINS are well supported, waiting for a new High.The alt coin market (TOTAL2) following April's break-out above the Falling Wedge of the Bear Cycle that started in mid 2021, has pulled-back, tested both the 1W MA50 (blue trend-line) and 1M MA50 (red trend-line) as Supports. Currently we are seeing the 1W MA50 holding, having closed the last 6 candles above it. The technical Resistance is the 1 Year Zone within 618 (where the price got recently rejected) and 700. On the long-term though, the Wedge break-out along with the formation of the Inverse Head and Shoulders (IH&S) pattern, targets much higher and more specifically the 2.0 Fibonacci extension at 1.135T. Note that in the meantime, the 1W MACD completed a Bullish Cross 2 weeks ago, the first this past year (since August 08 2022). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTOCAP:TOTAL2Long
by TradingShot
4
USDT.D DAILY : MARKET ROADMAPHi guys Hope you well. UMM , As I said before this chart can show us the roadmap of crypto market . now I expect to go the demand box and then pullback , we have same area in bitcoin and total market cap chart . use this chart for your trade. SecondChanceCrypto ⏰25/JUNE/23 ⛔️DYOR Always do your research . If you have any questions, you can write them in the comments below.and I will answer them. And please don't forget to support this idea with your likes and comments.
CRYPTOCAP:USDT.DLong
by Secondchancecrypto
1
TOTALMARKETCAP :CRYPTOHi Guys Hope you well. As it was said, the downtrend channel was broken and made a significant growth. Now I am waiting to reach the daily supply area, after which we can move towards the trend again. Just note that due to the dominance of Bitcoin, the status of other altcoins is different from Bitcoin. SecondChanceCrypto ⏰25/JUNE/23 ⛔️DYOR Always do your research . If you have any questions, you can write them in the comments below.and I will answer them. And please don't forget to support this idea with your likes and comments.
CRYPTOCAP:TOTAL
by Secondchancecrypto
Bitcoin Dominance & Total2Bitcoin Dominance Index (BTC.D) - calculated index that shows the ratio of bitcoin capitalization to the rest of the cryptocurrency market. CRYPTOCAP:BTC.D It directly demonstrates inflow and outflow liquidity into the first cryptocurrency, due to which the investor gets the opportunity to predict a potential “altcoin season” TOTAL2 - crypto market capitalization excluding bitcoin capitalization. An indicator showing the inflow of liquidity into altcoins. Correlation As a settlement index, bitcoin dominance is correlated indicator, and has a number of properties that can enable the investor to predict potential market changes: Here is example of potential movements between this 3 charts Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
CRYPTOCAP:BTC.DEducation
by Crypto4light
$BTC -Buy Opportunity- Bitcoin is sitting at a good buying opportunity on different perspectives (long-term investing DCA, mid-term bounce- short term craze) ; in the midst of TVC:DXY plunging today Currently trading at Strong Zone of Support : - S/R area - Its Support of Golden Zone of 15K low to 31K High (CHoCH uptrend) -Demand Zone Looking for CRYPTOCAP:TOTAL2 as well to make some moves ( CRYPTOCAP:BTC.D should be surveyed) TRADE SAFE *** NOTE that this is not Financial Advice ! Please do your own research and consult your Financial Advisor before partaking on any trading activity based solely on this Idea .
BINANCE:BTCUSD.P
by Mr_J__fx
Expanded Flat -> Triple-BottomTotal2 looks like an expanded flat completing its reversal at the end of a C wave. It has twice bottomed just shy of the 1.618 for its trend-based fib, and may or may not reach a 3rd bottom near this area before exiting above its neckline. If it doesn't reach bottom again, it's possible it could perform a move similar to what INDEX:BTCUSD did here: However, it has so far failed to maintain a breakout if we draw a similar wedge on Total2: A 1x measured target lines up with its 50% trend-based fib, while the 2x measured target for the triple-bottom lines up exactly with its 0% fib, exactly where total2 reached its ATH. This would go in line with my theory that movements in DXY could lead to recoveries across multiple markets that end in double-tops.
CRYPTOCAP:TOTAL2
by dudebruhwhoa
Total 2 - Altcoins minus BTC TOTAL 2 - Crypto Market Cap minus BTC Three confirmations for bull status 1. Above 100 week SMA (No where close) 2. Complete 149 weeks in Pennant (Dec 2023) 3. Break above Point of Control (POC) The 2018 - 2020 fractal is overlaid for perspective only The Point of Control (POC) is the price level at which the greatest number of contracts have been traded within a volume profile (THICK RED LINE). This line naturally coincides with resistance overhead. Its important to recognize that the chart is just a perspective that aims at helping with timing an entry with a good potential outcome. With three indicators backing your trade you would have a better probability outcome. So we wait for the three confirmations to occur. Could you be accumulating sure.... but why would you when we are under the 100 week SMA appear to have more time to burn before a Bitcoin cycle really kicks off never mind the altcoins. Its important to recognize also that this chart includes ETH and ETH has been performing exceptionally well this cycle. I will be completing another chart excluding eth in coming days. I hope this chart helps you time your trade and your positing into altcoins, when the time is right, when we have confirmations and the wind at our back. PUKA
CRYPTOCAP:TOTAL2
by PukaCharts
Important levels and dates for $altcoinsStill think we'll see one push higher before the continuation of the bear market, however, alts may have a capitulation move first. If we look at Total2, we can see that $484B never got retested as support. So it would make sense that price action would need to test that level before a continuation higher. If it does get hit and bounces off that level, you can see the chart would form an inverse head and shoulders pattern. I could see a large bounce higher happening after to tag one of the higher two resistances (I lean towards the $800B one). Let's see if this plays out in the coming months. It looks like this would all need to play out before August.
CRYPTOCAP:TOTAL2Long
by benjihyam