Xrp /// altmarket bubbleJust recently discovered this, but now its pretty obvious whats going on. this fits for other alts too. btc sure will suffer too in this drop but maybe not as much as alts (bottom at 4k?)
i was clearly too much focused on log mode in the past when the obvious is only noticeable in non log mode >.>
Total2usd
DUMP ITI wouldn't bet on an uptrend continuing here. To me this looks like another distribution pump in this bear market. Hopefully I am wrong for crypto currencies sake. weekly chart looks terrible and 50 week MA will cross below 200 week MA next week. Sell off could get ugly. Lots of bullish sentiment throughout crypto still as well.
Not financial advice, my speculative opinion and sharing for personal timeline record of my trading performance.
CRYPTOCAP: TOTAL2 - an investor in the market!Good afternoon! Let's see what happens in general in the cryptocurrency market. A very interesting picture can be seen in the analysis of capitalization!
Clearly visible double bottom. The development, which will begin with a breakdown of + - 120V or the upper boundary of the channel. Corrective market movement has come to its first level. It may not be suitable for the second, time will tell. The purpose of the upward movement is indicated on the chart.
In any case, it is necessary to consider all options, even a possible trip to the third bottom.
Cryptocurrency market accumulation - the entrance of smart money for investors lasted for more than a year. It is clearly visible on the volume indicator. This is exactly when the market is at the bottom. What was not noticed in the previous bull wound. Then the money entered the market already in the period of growth.
What would that mean?
Most likely, large players have entered the market, who will very cruelly squeeze their profits from all the faint of heart.
Most likely, the main influx of new money for earning has not yet entered the market. He will be later in the period of massive FOMO from lost profits. When everyone starts talking about cryptocurrency, even those who have nothing to do with it, and not just in the news. So, if you are a beginner, be patient and don’t be greedy!
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TOTAL2 Disbelief..I believe we are currently in a disbelief phase, with the recent spike in volume, price has TOTAL has soared, and a possible alt season is upon us. This alt season will be quite prolonged, due to the discrepancy in support levels between TOTAL and TOTAL2. A bullflag can be observed, as these aren't the highest performing chart patterns for myself, i have included a pullback area which is still bullish above the ichimoku cloud and an optimal entry point, for desired alts.