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Total3

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?
CRYPTOCAP:TOTAL3Long
by PHundal
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🔑
CRYPTOCAP:TOTAL3
by AlexWhale
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.
CRYPTOCAP:TOTAL3Long
by SpartaBTC
5
XRP Bull trap, ALTS PullbackHi Traders, Investors and Speculators of Charts📈📉 A bull trap is "false" signal that shows a bearish trend (such as the lower highs in XRP) has reversed and is now heading upwards, when in fact, it will continue to decline. Often a large wick towards the upside is observed, shaking out traders favoring the obvious move (shorting). It's important to note that for the first time, the TOTAL3 chart is about to close a red candle ALONG with Bitcoin Dominance: This indicates that the entire crypto environment is being drained of liquidity, and corrections will follow. Again, I wish there were more options... I'm choosing "short" to label my outlook even though I would not trade with leverage on XRP. The bulltrap and the TOTAL3 chart indicates we're heading lower, and so my bias for the short term is testing next immediate support zones. If you found this content helpful, please remember to hit like and subscribe and never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 We thank you for your support ! CryptoCheck BINANCE:XRPUSDT CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL3
BITSTAMP:XRPUSDShort
by CryptoCheck-
15
BTC - MUST WATCH For Short Term TradersHi Traders, Investors and Speculators of Charts📈📉 As you know, we're trading in the opening moments of a new bullish cycle. As we gradually make our way up towards a new ATH over the next few months, technical indicator tools will be crucial to help catch those perfect swing-trades. Today's analysis is an absolute MUST watch for beginners- to intermediate-level traders. The important concepts in this video are all about why you can't watch the BTC chart alone, and which other charts you need to watch together with BTC as well as which indicators are great for short term trades, and how to use them TOGETHER. Again, I'm "forced" to label this post as long but like I said yesterday, I wish there were some other options. I'm ultimately labeling it as "long" because we are in a bull market and corrections are just opportunities for swing trades. Shorting in a bull market is risky business and I am all about risk management in setups. If you found this content helpful, please remember to hit like and subscribe so you never miss a moment in the markets. _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 We thank you for your support ! CryptoCheck CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D BINANCE:BTCUSDT BITSTAMP:BTCUSD
BITSTAMP:BTCUSDLong
by CryptoCheck-
23
🔥 Altcoin Market Inverse Head & Shoulders: New Alt-Season? 🚨The altcoin market, measured by TOTAL3 - the total altcoin marketcap, has been severely underperforming Bitcoin this year. However, there might be coming an end to the seemingly endless suffering of alts in the coming months. The inverse head & shoulders pattern, which started to form over 1.5 years ago, has broken bullish. Classically, inverse head & shoulders formations occur at market bottoms and signal the change of a long-term trend. Can this be the bottom? Potentially yes! Bitcoin dominance is still on the rise, so BTC will likely outperform alts in the near future, but this will end somewhere next year - which will most likely kick off the new bull-season as well. Exciting times for altcoin traders.
CRYPTOCAP:TOTAL3Long
by FieryTrading
10
Be careful of the next stepFrom the first look at the chart, we find that the price is going through a large sideways period extending to approximately 440 days, and it is not creating a repression or a new bottom, and this could be normal, especially since it corrects the previous large decline from the top, calms the inflation of the indicators on the weekly frame, and prepares for the next movement... which is from My point of view is that it is extremely bearish for the shaded area below, and it will take alternative currencies to new lows, and only from this area when it reaches it in the coming months. We will update the analysis at that time. Note: The analysis fails if the price closes above the 380 area Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look Good luck
CRYPTOCAP:TOTAL3Short
by KhaldHegazy
2
🔥 Your Altcoin Can Potentially Fall MUCH Further: WARNING! 🚨In this analysis I want to take a look at a dire market outlook which is not even that far-fetched. We should talk about the possibility of the altcoin marketcap (TOTAL3) falling another 50%, which would mean that the average altcoin will lose around 50% of its value from this point until the bottom. Back in 2018, TOTAl3 fell around 92%, while it has only fallen by 75% this bear market. The difference seems small, but if we were to fall towards a 92% top-to-bottom decline this bear market, it would mean we had to fall another 70% from this point onwards. I'm a big believer in the law of diminishing returns when it comes to crypto, but a mere 75% decline seems too little for me. There's some bad news on the horizon which can make the altcoin marketcap decline by another 50%. - Rising Bitcoin dominance. - Rising bond yields A 50% crash from this point would bring the top-to-bottom decline to 85% (bottom yellow area). This would seem to be more in line with the diminishing returns hypothessis. Do you think we will crash more from this point? Share your thoughts and charts.🙏
CRYPTOCAP:TOTAL3Short
by FieryTrading
16
An incoming last correction wave for #altcoins #total3 presents #altcoins ' market cap excluding #btc and #eth . After the 1st long correction wave, the chart formed falling channel. This formation will be completed with the 3rd correction wave and the dip of the channel will occur. When Elliott' s 123 correction wave is finished, the falling channel will turn bullish. This may be after the halving. 3rd wave seems to plunge altcoins' average by min. %30. Be careful till Q2 2024. NOT FINANCIAL ADVICE. Dyor.
CRYPTOCAP:TOTAL3Short
by naphyse
TOTAL3 - (DAI USDT USDC market caps)In case you are not familiar: TOTAL3 = Total crypto market cap - BTC and ETH market caps. What I did in this chart is further subtract out the three major stable coin market caps. TOTAL3 - (DAI USDT USDC market caps). To be exact: CRYPTOCAP:TOTAL3-CRYPTOCAP:DAI-CRYPTOCAP:USDT-CRYPTOCAP:USDC Since their price is pegged to $1, they serve as a dampening effect to the chart. I remove them to get more of a true value for what TOTAL3 should be. I then did an Elliott wave analysis. In addition, I set a fibonacci target of -0.236, although this is not a traded asset, but a aggregation of traded assets. So we'll see. It looks like alts will do one more wave down, then the bull run starts. I am a CEWA level 1 Elliottician.
CRYPTOCAP:TOTAL3Long
by gz1968
Margin Bloodbath as BTC ImplodesHi Traders, Investors and Speculators of Charts📈📉 One of the most important parts of trading is following the macro phase and planning your trades. The only way to do this, is to pre-identify the macro market cycle that's currently playing out. Why am I reminding you of this? Well, because despite the recent liquidations, we are still in a CRYPTO BULL MARKET. Bitcoin recently dropped to around 25K from a previous 30K ish. This caused a significant drop in the value of cryptocurrencies across the board, but micro caps didn't plummet as hard. Traders lost an estimated $1 billion in liquidations in a 24-hour period. This sell-off was one of the most severe downturns for digital assets this year. And yet, according to the macro , things are looking extremely bullish for smaller cap altcoins. Most smaller cap altcoins have not plummeted as hard as BTC and the other top alts by market cap. This means that the liquidity could possibly go into micro cap coins next. (Liquidation is when an exchange closes a leveraged trading position due to a partial or total loss of the trader's initial margin. This happens when the trader is unable to meet the margin requirements for the position, or when the price of the asset falls below a certain level. Margin trading is a type of trading where traders borrow money from an exchange to buy more assets. This allows traders to amplify their profits, but it also increases their risk of losses. The liquidations that occurred during the sell-off were caused by traders who were forced to sell their Bitcoin positions due to margin calls. A margin call is a notification from an exchange that a trader must deposit more money into their account to cover potential losses. If the trader does not deposit the required funds, the exchange will close their position, which can lead to losses.) The Bitcoin price drop was unexpected, but so far the support zone around 25K holds well. My strategy at the moment is the same as it was before this bloodbath; I won't touch BTC or the top 10 by market cap, especially not with leverage trades . Instead, I will continue to seek out under valued micro caps and accumulate for the next altrun. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
by CryptoCheck-
27
Total3 - Altcoins - Looks poised to PUMPDid post some some semi bullish tweets, (pls see profile for more info) with individual names. But let's touch on #altcoins as they are my fav :) 4Hr chart shows Did speak on positive divergence few times RSI over 50 = GOOD Bullish Moving Avg crossover HERE IT GETS INTERESTING Almost forgot that there's TWO inverse head & shoulder patterns for TOTAL 3 (no CRYPTOCAP:BTC or MIL:ETH ) Smaller has been forming since April and the MUCH LARGER one has been in the making for over year! If it breaks with volume = #crypto #altcoins🚀🚀🚀
CRYPTOCAP:TOTAL3
by ROYAL_OAK_INC