TOTAL2 Very strange times are comingMonthly MACD cross
Mirror RSI level reached
I don't like to sound like a doomsayer but this looks quite scary bullish, capitalize.
Total2bc
Oh baby its a Triple??Speculative scenario for 3 falling wedges
TOTAL2 - Altcoin market
1Hr timeframe
Altcoin cap hourlyCrazy price action..
Many inverse H&S patterns have formed which is a good sign for my fellow bulls
Green triangle between fib circle and curved line is buy zone for alts, and most likely BTC.
TOTAL2 FractalA fractal indicating possible bullish movement
The bars pattern is of course very speculative
Discrepancies between TOTAL2 and TOTALFew wicks and a fib transition
This may be big
This is the only bearish scenario i can see for TOTAL2
TOTAL2 Spiral breakdownPossible rising wedge breakdown with potential breakdown points displayed by Fibonacci spirals
I have done a lot of work with TOTAL2 and my bull outlook gives some good points for the case
CRYPTOCAP: TOTAL2 - waiting for new platform applications!Good day to all crypto fans!
To understand the future, you need to analyze the story. So, the growth in the value of the entire cryptocurrency in 2016 began with the active work of Vitalik Buterin and the large-scale use of the ETH platform for ICO of new projects. In 2019, market growth was prompted by the work of Binance and the launch of new projects on this exchange. This project was not so large-scale, but still we saw a certain interest in the market. What should happen now, which will cause new interest in the cryptocurrency market and its new growth, which everyone is looking forward to.
Most likely, due to the global crisis, based, as the media are inflating, on the coronavirus and the threat of a pandemic, many states must still begin the transition to their own electronic currency. Below I will attach other ideas related to this topic. Of course, those tokens, platforms that will be selected by this or that state and will attract the maximum number of investors. And in the future they will show the biggest growth. I do not think that this platform will be BTC. There are better platforms. Write in the platform comments which tokens do you think are most suitable for issuing the state currency?
Another interesting fact in favor of the fact that the institutional has not left the cryptocurrency market is the volumes that we see on the chart. Someone is buying everything at cheap prices, probably getting ready for something interesting.
Perhaps there will be some other option that attracts interest from cryptocurrency, but so far I see it. The assumption that in cryptocurrency they will be saved during the crisis in the stock market has not justified itself. Therefore, I continue to consider the option of a final transition from an industrial economy to a postindustrial one. And the transition from fiat money to electronic money is an inevitable component of it, as once there was a transition from gold and silver payments to paper money. This is nothing more than a matter of habit.
Now let's move on to the chart: Cryptocurrency market capitalization has come to the lower border of the triangle. And completed the correctional movement ABC. In case of breakdown and consolidation below 44.702B, the fall will continue to 10.104B and this will be a terrible fall of the entire cryptocurrency market. I, nevertheless, expect the beginning of a new upward movement indicated on the chart. But this should serve as a mass application.
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Disclaimer!
I do not give entry and exit points.
I share with you my opinion and ideas, which may differ from yours.
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Gold and altcoinsCorrelation between gold and the alt coin market cap, both appear to be forming a 'golden cross' which should arrive early april. This is a MA pattern in which a short term moving average crosses a larger MA, leading to upsides, in this example it is the 50 and 200 day MA. Gold however has a strong resistance mirror resistance level, is this the point in which bitcoin / ethereum will shine as 'digital gold'? Altcoin golden cross is coming on the weekly chart, while gold golden cross is coming on the monthly chart.
TOTAL cup and handle observationSimple cup and handle observation, this is a bullish reversal chart pattern. 1H chart. Handle has already formed and is looking to push upwards. Currently sitting however at a strong horizontal resistance.
TOTAL2 falling wedge 4HTOTAL2 is showing signs of a falling wedge on the 4H chart, shorter timeframes like this are often less reliable and shouldn't be regularly used, but the falling wedge looked nice so yeh. Anything in this area is bargain material. Another angle. Linking my MACD divergence weekly chart for anyone interested.
TOTAL2 macd divergenceI find it is often good to use different indicators to pick up on things that you might have missed. In this case its a bullish divergence on the macd. This is the weekly chart. Indicators like the macd, rsi are used to identify divergences in trends.
TOTAL2 descending broadening wedgeTOTAL2 has formed a descending broadening wedge on the intraday hourly chart, this is a reversal pattern. Each, the support line and resistance line must be touched at least twice to validate the pattern. On the 4H chart a cluster of Fib EMA's can be observed to be around the area of 78B, strong support area. On the weekly chart the price can be seen to be consolidating in the middle of the Gaussian channel trend, if this breaks upwards it will be massive.
78B Strong Alt SupportA bearish symmetrical triangle has formed, this may lead to a breakdown to 78B before new highs can be established, symmetrical triangles can be both bearish and bullish depending on the first impulse wave up or down, in this case the impulse wave is down.
TOTAL2 Bullish Exaggerated DivergenceOpposite of the bearish type. Both contain flat price action with however bullish version contains a rising 'higher low' present on the respective indicator. 4H chart.
TOTAL2 H&S or Continuation?Strong linear regression uptrend.. Buy the uncertainty! Included a fib retracement from the 2017 top to the 0.236 high that was recently achieved.
0.97 LR Uptrend!Very strong LR uptrend, 0.97, i have included a crash point to a VERY strong support for the alt coin market if this breaks down, grey EMA line.
Another rising wedge touch!Top of strong regression uptrend on 4H chart, also sitting at the top of the rising wedge chart pattern, pullback likely.
TOTAL2 Rising Wedge Multiple TopsRising wedge with a possible third top incoming, a H&S pattern and a perfect 200MA touch can be observed.
TOTAL2 Will Survive!As you can see TOTAL2 is clinging onto the gaussian channel downtrend. This may be a possible reversal point for the alt coin market. ~57B.
