Altcoins- New strong leg up?Since mid-October, Alts have shown significant upward momentum, experiencing an impressive average gain of approximately 70%.
However, as their combined market cap soared above 500 billion dollars, a predictable correction ensued, with alts retracing around 20% of their gains.
This correction stabilized around the 440 billion mark before initiating a bullish reversal.
As of now, the current price hovers precisely at a short-term resistance level.
A breakthrough above this critical horizontal and psychological threshold at 500 billion could catalyze a fresh upward surge in altcoin prices.
The projected target stands at 620 billion, representing an average increase of 25%.
Notably, certain alts are expected to outperform this average, with some potentially experiencing gains exceeding 100%.
Total3
#LTC Suppressed PA#LTC
On the weekly we can notice LTC hasnt moved very much similar to the last cycle.
The indicator below is BBW (Bollinger Band Width). When it is low, this means that the bollinger band is tight = volatility is suppressed.
I will go ahead and buy some LTC here for a swing spot, will update in due time.
TOTAL 3 Cycles SynchronizationHere is the Cycles Synchronization of Crypto Total Market Cap Excluding BTC and ETH (TOTAL 3). At some point, between mid november and mid december 2025, I do expect around 2T Market Cap to be the top for the cycle. 1 year later, the Market Cap could be at around 1T or a bit less, I think.
Will follow with interes...
🔥 Altcoin's In A Huge Bull-Flag: Break Or NotEver since the ETF I've been dominantly bearish on the market. My expectation was that the ETF would be a longer-term top.
However, the short-term looks quite bullish. If TOTAL3 (total altcoin marketcap) can break out of this bull-flag pattern, this could signal a continuation of the bullish trend.
I'm still wary. However, if the market can prove that a reversal is playing out and that the trend will continue, I will naturally switch my bias.
In case of a break out, my target is placed at 585B, which is the first big resistance from back in 2022.
TOTO, pull ouva (total3 update 20jan24)Hi all, big and small
folks, hear my talks
'bout Toto thy Dog
and mistriz in fog
are u afraid? I am. BUT ure nothin', if u fearless. And the bigone, if u command ur fear and make unFOMOed disigionz (Im no, just learnin'.)
SOO
az u can see my beautiful chart, a painted all there already: equal Waves 1 and 3, ugly WXY Wave 2 and the stuff.
in MY ALT count we will moved via ZigZags, I will update it later when an enlightenment will be obtained
see ya!
$CRYPTOCAP:TOTAL | Unchained !Hi fam,
Hope you having a good time in crypto space.
As i promised and shared screen shot of CRYPTOCAP:TOTAL charts in the channel now I'm going to leave a chart here for easier access.
first we detected a range in our chart then followed trend action. after breaking out with high volume and making a successful S/R test it become more obvious to us that green candles are on the way.
(i will share some screen shots of the progress.)
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In this chart i pointed to critical levels that may affect uptrend and make a pause in it. As a conservative trader, at these levels i will take profit and reduce my open positions to secure profits and get ready for fresh waves.
** 1.65T $ - Previously support level that lost in May 2022 - This level hasn't been tested as a resistance since that time but must be watched closely for any reversal candles in D1 or W1 time frame.
** 1.8T $ ~ 1.85T $ is a known resistance level and this level is my main target before market correction. i will absolutely minimize my open trades.
** There will be shakeouts in all charts. try not to miss the main picture.
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As always, These are my ideas and can be wrong. Please DYOR.
Stay Safe,
Stay Rich,
#TOTAL2 #AltCoins #Short #Crypto #Market #DUMP #Soon #Eddy#TOTAL2 #AltCoins #Short #Crypto #Market #DUMP #Soon #Eddy
(("My analysis of Total 2 and altcoins is like this, from my point of view, it is possible to track the position of short selling transactions on most currencies in the market."))
- What do you think? Have you checked Total 2 in this time frame? Write me in the comments!
- My confirmations are based on Wykoff's review of Bitcoin in multi-time frame, as well as Bitcoin and Tether's Dominance review.
Its about Wyckoff ;-)
(( BTC/USD )) latest update link :
ETHBTC LongI think ETHBTC has bottomed, if not will bottom this month.
that in turn means that BTC.D has topped
which means alts will have more legroom.
Can go on binance and long the ETHBTC Perp in futures.. best average entry is .0513 with daily SSL (soft stop loss) on .04949
Could be more than a couple years until we see ETHBTC or BTC.D at these levels.
This Simple Chart Tells Us All We Need to Know About Altcoins RNTraders,
Don't really have to say much more here. This is the altcoin total market cap excluding BTC and ETH. Alts continue to face trouble and it looks like more selling will ensue. Stay out of leverage and trade carefully. Ensure those stops!
TOTLA 3 is Bearish For NowA correction to the support range is seen for TOTAL 3.
After its rise, it has reached the monthly SWAP resistance range. This level is strong and can cause TOTAL 3 modification.
I have also identified the support range from which we expect a jump upwards.
Indeed, according to the TOTAL 3 chart, altcoins are not bullish at the moment and will undergo a 15-25% correction.
$BTC vs $ETH vs $TOTAL3Let's compare CRYPTOCAP:BTC vs CRYPTOCAP:ETH vs CRYPTOCAP:TOTAL 3 (= NO #BTC or #ETH)
These are all showing negative divergence on RSI & $ flow on daily.
(Showing 2b cautious, this is NOT reason for a TRADE)
#ALTCOINS have done VERY WELL, They are currently OVERSOLD & can remain that way for a very long time, just saying.
They did it from 12/2020 - 5/2021
Then peaked 11/2021 after ATH
Please see profile for more info..
Not all charts here.
Altseason Indicator. Capitalization excluding BTC ETH USDT USDCLogarithm. Time Frame 1 week. Understanding the capitalization and growth potential of altcoins without BTC ETH and top steiblcoins USDT, USDC and DAI gives a brighter and more accurate picture of the timing of the start and development of that long-awaited altcoin season of more pronounced scale than now on 16 10 2023 - at the time of publication 8 12 2023.
1) The capitalization of these assets has long been in a squeeze - consolidation, this is a direct correlation with the accumulation zones. We are conventionally in the final phase of accumulation (almost).
2) Please note that there has been no real capitulation (perhaps there will not be, and if there is, it will be V figuratively, but that is not the point). Very much emphasize your attention to the timing of the length of this phase and past late 2018 and 2020.
3) Also note to your eye that at that time 2018-2020 there was not such a big capitalization outperformance from the rest of the BTC and ETH market. Compare that to the situation now, how much other altcoins are "undervalued" speculatively. You also need to realize that there is a correlation with stablecoins and their huge portion of the overall market compared to the time before.
How to enter these parameters on tradingview? .
In order to capitalize alts from TOTAL3 (initially without capitalization of BTC and ETH) and exclude all large-capitalization stablecoins from it, you need to do the following:
In the ticker entry line in tradingview write:
CRYPTOCAP:TOTAL3-CRYPTOCAP:USDT-CRYPTOCAP:USDC-CRYPTOCAP:DAI .
Accordingly, a chart is created that subtracts the capitalization of the designated stablecoins (USDT, USDC, DAI) from TOTAL 3.
Santa Rally for Altcoins on the cardsTOTAL3, an indicator of altcoin market capitalisation excluding Bitcoin and Ethereum, has made a significant move🔔.
We've breached and closed above on a weekly timeframe some serious key levels. And are above the Bear Market high.
By surpassing and maintaining above the bear market high on a weekly timeframe.
While this doesn't mean we won't see a pullback in the near future, it does set up some nice space to move leading up to the BTC halving.
It also comes at a timely point in the macro landscape, with the US monetary policymakers this week agreeing that rates will be dropping in 2024. With 3 rate cuts planned at this stage.
These tailwinds, combined with Bitcoin potentially ranging, could see a swell of liquidity returning to the #altcoin markets.
🎅 #SantaRally?
Total3 Chart Analysis: Strong Resistance! 📉⚠️Today, let's turn our attention to the Total3 chart (excluding BTC & ETH), where a compelling narrative unfolds. The chart currently finds itself in a precarious position, trading within the vicinity of a significant resistance zone. Caution is advised, as potential corrections may be on the horizon. Here's an in-depth analysis of the chart dynamics and what to anticipate in the coming sessions. 📊🔍
Analyzing Total3 (Exclude BTC & ETH): Charting the Resistance Zone
Encountering Strong Resistance:
Critical Zone: Total3 is navigating a zone of formidable resistance, marked by historical significance on the charts.
Chart Context: This resistance is crucial as it has played a pivotal role in the past, influencing market dynamics.
The Challenge of Overcoming Resistance:
Testing Bulls' Strength: The current scenario poses a challenge for bulls, as breaking through this resistance demands considerable strength.
Potential for Corrections: The prolonged interaction with this resistance zone raises the likelihood of corrections or a pullback.
Anticipating a Retest:
Trendline Retest: The analysis suggests an imminent retest of the trendline previously breached by Total3.
Validation Check: A successful retest would validate the strength of the breakout, offering insights into the sustainability of the upward trend.
Cautious Approach for Traders:
Risk Management:
Protecting Gains: Traders should consider implementing robust risk management strategies to protect gains.
Volatility Awareness: Acknowledge the potential for increased volatility, especially around the resistance zone.
Watching Trendline Dynamics:
Retest Confirmation: A confirmed retest and subsequent bounce off the trendline would instill confidence in the continuation of the upward trend.
Failure Warning: Conversely, a failure to hold the trendline may signal a shift in market sentiment.
Conclusion:
Total3's encounter with a substantial resistance zone necessitates a cautious approach. Traders should monitor the dynamics closely, with a keen eye on the potential retest of the trendline. The outcome of this interaction will likely provide valuable insights into the market's next moves.
❗️Get my 3 crypto trading indicators for FREE!
Link below🔑
Altseason Indicator Total 3 - capitalization without BTC and ETHLogarithm. Time frame 1 month. The chart shows two major and one minor cycle of pumping alts and the market as a whole. This chart emphasizes the time of alts pumping without taking into account the heavyweights BTC and ETH , which occupy a huge share of the crypto market.
That is, directly makes it clear when the long-awaited alt season begins. All major previous and future alt season on the chart. Note that these are the maximum prices for most altcoins in a certain phase of the market. Be sure to clean out your pockets alts during these times.
The capitalization of these assets has long been in a squeeze - consolidation, there is a direct correlation with the accumulation zones. We are in the final accumulation phase.
Note that there has been no real capitulation (perhaps there won't be, and if there is, it will be V figuratively , but that's not the point).
That is, as soon as the reversal levels (marked in yellow) are broken through - the prices of these groups of assets begin to rise. The "participation" phase is launched on the market. That is the price movement to the distribution zones.
As a rule, by this phase of the market ( distribution ) capitalization grows 10 times , prices accordingly. This is the time - "the hamster is not scared", i.e. the time when one should get rid of (lock in super profits) from "promising crypto garbage".
Below provided is a basic variation of asset group grading on tradingview that makes sense to monitor and use as true market indicators. This gives insight into potential asset group pumps/dumps or market phase changes. These types of "ideas" are done once and for many years. Because relevance is never lost if you understand the point
1) Market capitalization of different assets:
Crypto total cap - total market capitalization of the market in $
Crypto total cap 2 - market capitalization excluding BTC in $
Crypto total cap 3 - market capitalization excluding BTC and ETH in $
2) DeFI projects:
Crypto total cap DeFI - DeFI cryptocurrency capitalization in $
Crypto total cap DeFI.D - capitalization in % terms of DeFi dominance to the market
3) Major Stablecoins:
Market cap USDT - USDT capitalization in $
Market cap USDT % - capitalization in % terms of dominance to the whole market
Market cap USDC - USDC capitalization in $
Market cap USDC % - capitalization in % dominance expression to the whole market.
4) Bit cocaine
Market cap BTC $ - capitalization of BTC in $
Market cap BTC dominannce % - capitalization in % dominance expression to the whole market.
5) Ethereum
Market cap ETH $ - capitalization of ETH in $
Market cap ETH dominannce % - capitalization in % expression of dominance to the whole market.
6) USD index (DXY)
The US Dollar cyrrency index is the most important indicator of the pamp/dump markets as a whole (more globally, not just crypto).
Market cycles are humans behavior, what is displayed on the price chart and which lends itself to cyclical thinking/actions, which shapes the market direction. .
Below I will publish similar ideas — indicators that I have published previously for several years and that for obvious reasons remain relevant. I will also make analysis of new groups of assets by capitalization from the list, which have not been analyzed before. But, I will do all the analysis of instruments only when I have free time.
BTC Bull Run (2021 vs 2023)A comparison of the position of the chart when Bitcoin rises in 2021 and the extent of the impact of the acquisition on the market when it falls after the rise to the same current price areas of 43k.
While thinking, I received an alert notification from Trading View with news that intersects with the current thinking
News About at tradingview
and it is from cryptopotato cryptopotato.com
Author: Chayanika Deka
#TOTAL3 ALT SEASON WYCOFF ALIGNMENTI see there is 2 models overlaying each other. The Black text states we are in the sos stage where as the red text states we have more to go before the ALT season bull run.
Definitely in the last stages of accumulation and towards breakout.
Refer to my video stream for more indicators supporting this thesis.
regards,
S.SAri