ALTSEASON confirmed by this unique pattern.This is the TOTAL3 index which displays the Total Crypto Market Capitalization excluding Bitcoin and Ethereum. The time-frame I chose is the 2W as on this, a very unique indicator (MFI/ MA) shows a pattern that should not be ignored.
As you see, this month, the indicator formed a Bullish Cross, similar to those of April 2020 and February 2019. The common characteristic of those two past crosses, was that they confirmed the past two Altcoin Seasons (Altseasons). The whole pattern is virtually identical with 2020, even with the 2018 (for as far as data are provided).
In each case, the Altseason ended with the indicator's Bearish Cross. In our view, a new Altseason has just started and we can hold until the very first sign of a confirmed Bearish Cross.
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Total3
Total 3 looking boollish 3 solid bounces on the up trendline (A)? yes
Broke out the down trendline (C) and standing above an important support (B)--Seems a valid breakout to me
RSI and MACD looking good
1st target: 986B
2nd target: 1.2T
--A newbie. Just making all these for my own record, very welcome to correct or educate me tho--
TOTAL 3 STILL INTACT AND LOOKING GREATTOTAL3 (Total Cypto Market Cap
except BTC and ETH) 03-19-22
3 day chart. The
RSI just began to bottom out and begin
its move up, which has moved from
Hidden Bullish Divergence, to Bullish Divergence.
This is really setting up for an absolute
monster move...Also the 3 day is continuing to close at or above the trendline support.
Total Crypto Market cap ~So I'm starting to completely entertain the idea of the entire crypto ecosystem imploding on itself from around the current levels.
I don't know what is going to be the worldly cause of this, but I got this intuitive feeling that I really cannot ignore.
If I'm right about this, alts will take one of the biggest hits since December 4th 2021.
----
I could also very well be wrong about this, so take my words with a total grain of salt.
$TOTAL3 ALTCOINS MINUS $ETH$TOTAL3 price action is shaping up to have two equally valid paths from here. On one end I can see a rejection of the red trendline to jump start a bearish nuke down to the $520 Billion level with a couple bearish retest in the middle. On the other hand price can break above the red trend line and retest indicating possible start of new money inflow into the space. I will be watching closely in the coming days on the reaction near the red trend line, which stems from the charts all time high. A crucial swing is upon the market IMO.
Bitcoin Daily Analysis Update🟢🟢#BTC on daily TF looks messy as it more looks like the price is ranging more. Currently, the price faces strong physiological resistance at 40,000$ and holds the 39,000$ area as support. If the daily candle closes above 40000$ then Expect a strong breakout this weekend. It is so important to keep 36800$ Support By next week we can see some clear direction in it. Use proper stop in all your trades.
⚠ This Analysis will be updated.
✍ Analyzed by AmirHossein.
📆0.3.12.2022
TOTAL MARKET CAP 1DAY UPDATE BY CRYPTOSANDERSWelcome to this quick update on TOTAL MARKET CAP analysis.
I have tried my best to bring the best possible outcome in this chart.
Hello Folks, Wellcome to our TOTAL MARKET CAP update, as we said in our last update the market is making Cup and handle patterns, In the current scenario market is making the double bottom pattern so TOTAL MARKET CAP can bounce from the hare 1.505T - 1.627T is working as support and 1.971T - 2.079T is working as resistance.
If TOTAL MARKET CAP bounces by touching the red zone then we can say that TOTAL MARKET CAP will be bullish towards 2.403t.
Sorry for my English it is not my native language.
Do hit the like button if you like it and share your charts in the comments section.
Thank you...
TOTAL3 is getting primed for a launch again!TOTAL3 (Total Cypto Market Cap
except BTC and ETH) 02-21-22
3 day chart
is reading Hidden Bullish Divergence.
which means the price has a higher low,
and the RSI has a lower low.
In my opinion, theAlt season is right around the corner, If BTC retraces to its 7.02 Fibinocci, watch for the ALT coins to explode.
TOTAL 3 MARKETCAP HEAD AND SHOULDERS PATTERN!This is my theory on the Total 3 Market Cap.
A smaller Head and Shoulders pattern has formed on the daily and the weekly TF and it is currently holding above the neckline.
A larger Head and Shoulder could be potentially forming as shown on the chart with a W pattern followed by a ABC Corrective Wave.
If this theory plays out then ALTS would get NUKED target shown on chart.
NFA.
Alts are on the brink of melting faces.As you can see Total 3 is in a descending broadening wedge and was most recently rejected at the upper diagonal line of resistance.
Assuming BTC continues it's bullish reversal we can expect Alt's to do likewise.
Could we come back down and test the recent lows again? Yes. But there's also a good probability that we hold the 720B area as support and attempt at breaking out of the descending line of resistance. A break above would finalize an inverse head and shoulder pattern with a breakout target at the .786 fib level which is approximately at 1 trillion.
I think we could see this break out around mid-late February with a run towards 1 trillion ending at around mid-March.
XRPaaay . . as GG would sayThere could always be more pop but take a look at OBV as the big fish sell off onto the noobs. Look at my idea on TOTAL3 and see that we're probably going to resume the downtrend as we fill the bottom Fib channel down there. Maybe Bitty has a few more kicks but markets at large look terrible and there's a massive bearish engulfment on the SPX monthly. Sorry bulls, just not time especially with "Month of May, Go Away" just around the corner.
The recent 40 million transfer from from Bittrex wallet to ODL platform exchanges was a pretty good indication that someone would be doing some selling of XRP which meant a rally up. Again, look at OBV, it's toppy and we should see some down from here.
Just check the chart notes for sentiments and thoughts on where we probably go next.
Not investment advice, DYOR and good luck my dudes.
Box out
ALTS getting SHELLACKED!! Things to ConsiderI've been sounding the alarm on several aspects of crypto for a while now and gotten some pretty laser-ish and scalpy action on a number of calls. So here are a few points that might help you understand the crypto situation as a whole, not just TA but some of the things to keep in mind as we fumble about for market direction :
1. Crypto market is still somewhat of a "Wild West" situation and the regulatory issues are FAR from settled. This creates significant risk especially when the Fed clowns are pulling levers to maintain the USD as "the world dominant" currency. We all thought Mr. MIT Blockchain would be there for us but Gensler wears the same red shoes as Mr. Wiggles who runs Benjamins off the presses faster then the snack cakes disappear two weeks into the wife's New Years resolution diet. We don't really have friends when it comes to regulators, taxation and impending policies. These jackholes do not care one IOTA for the little guy.
2. Dark pool liquidity. I skim through the main chat feed on here and see "manipulation . . manipulation . . " rants all over the place. Well ya, it's just a reality of bigger fish eating littler fish. But more importantly, people need to understand that the powers that be DO NOT WANT YOU TO CONTROL YOUR OWN FINANCIAL DESTINY. This includes NOT having your own "decentralized" currencies. THEY WANT THEIR POUND OF FLESH. The WEF, Davos d!cks, Klaus and all these fat cats that influence the flow of money in the world have been saying . . "You will own nothing, and be happy". . Convinced? (on the happiness aspect)? Neither am I. But the point is, the powers that be can unleash their hidden pools of liquidity to completely liquidate all noobs (and intermediate traders) coming into crypto. FLASH WICKS ARE A CERTAINTY!!
3. Leading and Lagging Indicators. I've been correlating the SPX for over a year since getting seriously into crypto. What's funny is that a lot of idea guys here must have been reading my comments and posts because there was a sudden stream of ideas on the SPX / BTC effect.
4. Indicators - Leading and Lagging (observed)
A. XRP flash wicks serve as great leading indicators for marketwide direction
B. SPX lags XRP in this regard while leading BTC (this is key)
C. BTC then brings weight on TOTAL3
I left out ETH because I've NEVER had any kind of positive experience with ETH or any ERC20 token. I've always paid ridiculous fees and had to jump trough hoops just to transact with it. Sorry ETH dudes.
So in looking at the current charts, the trend is still your friend and TA is great UNTIL it isn't when the dark pool overlords want you out. I tossed a Fib chan up on here because it's pretty adherent and may give you some ideas on entry and exit points. I've personally been sitting on a large wad of Tether and actually started buying into this bloodshed. I've got long bags from the garage days and won't let those go even if zero day comes.
Feel free to ping on ideas and as always, Good luck my dudes!
Disclaimer : Not investment advice, DYOR