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.
Total3
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
ETHBTC, Its ready to have some rises of altcoinsHello everybody
ETHBTC is one of the most important pair for the movement of total 2 and 3 because ...
If you want to learn Fundamental & Technical analysis send us messages ---> Our id is in profile
According to the chart, After we are ranging price in market today after unemployement rate reported the price impact to it and make new rally.
After the price was make breakwave and we need some pullback and we can take in position on any altcoins after pullback completed and we can wait until the target reach.
Please observe capital management and dont forget use stop loss
Good Luck
Abtin
MY MINIMALIST CHART ANALYSIS TOTAL 3TOTAL CRYPTOCURRENCY MARKET CAP
01.24.22
1522H +8 SINGAPORE
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
Still, a long way to go for the completion of a Head and Shoulder Pattern.
Bearish measured move completed. Waiting for a 2nd touchdown on a daily.
ALERT:
Looking now for an ENTRY to a short to midterm LONG SWING trade.
Based on VITAL SIGNS ( RSI, STOCH, VOL., MA VOL.) Looks healthy:
1. RSI at 30ish still room for oversold.
2. STOCHASTICS is LOW. We can expect a temporary push upwards on a daily.
3. Volume still needs to generate more SUPPLY for a huge volume of BUYERS to come in.
4. Looking at key support at 599 zones for a reversal in trend.
5. We can then expect strong support at the 423-599 for completion of a Head and Shoulder Pattern, right at the bottom of the MAJOR BLUE BOX, MINOR YELLOW BOX, and the ENTRY AREA OF VALUE MARKER.
Hoping that the market does not break any MAJOR or MINOR BOTTOM of our BOXES for a REVERSE in TREND. Again, if it does, it will be a BUYERS MARKET and good for us all RETAILERS.
Looking back months ago when the MINIMALIST BOX ANALYSIS was made.
The Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb a NEW SWING CYCLE.
INSTRUCTIONS:
HOW TO USE THIS MINIMALIST CHART a.k.a (Bento Box)
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
PUBLISHED IDEA is created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
Q/A: What are the BOXES for? It is a ROAD MAP for TARGET ZONES IDENTIFICATION.
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Volume, Chart Patterns, Candlestick Math, FIB COILS, Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
Stay away from FOMO and FUD.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
It is all based if the right conditions are met. Generally, it will follow the MINIMALIST BOXES.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of my work.
Much thanks to my 3 great mentors. They are so much of a blessing that I also wish to share my knowledge of what I was taught.
Vive Le Autist!
Vive Le Diamond Hands!
Need a break from updating analysis :D*** Hello My Dear Followers,
Just would like to let you know that won't be updating "ANY" of my predictions from now on
coz I need to ---- take a break - ******concentrate while trading *****,
gardening, play with my cat , read books, practice meditation & exercise ----
.... "TradingDetox" I would say :P
.
.
JFYI
Trade safe <3 _/|\_ Really thank you for your support
and people in this community that's been a lot helpful for learning
There's still a lot to learn and practice...
.
XX
TOTAL CRYPTO-CAP, Complete H-S-Formation, Precarious Now!Hello,
Welcome to this analysis about the total cryptocurrency market cap and the daily timeframe perspectives. The whole market recently heavily dumped to the downside which happened simultaneously with the stock market also dumping and after the news came around that the European Union Financial Regulatory Arm wants to completely ban Proof-of-Work mining, this had immediate dramatic effects on the market with nearly all coins heavily declining to the south. Now in this development the whole market as I detected completed the main formation with this mega dump and now there are further determinations that should be considered when looking forward. In any case, we currently should not underestimate the possibility of a bearish continuation and be prepared for it. In this manner, I detected all the important levels and upcoming developments we need to consider here.
Structural Developments:
As when looking at my chart we can watch there how the total cryptocurrency market cap has formed this massive decisive head shoulder formation with all elements of the formation already completed and recently the breakdown happened below the neckline which technically completed the whole formation. In a YouTube video, I explicated this formation, you can still watch it as it is still active. Now as the total cryptocurrency market cap dumped into the 640 Billion US-Dollar support marked in my chart in grey this is a crucial level because it will decide upon the upcoming outcomes of either a possible reversal or not. For now, the total cryptocurrency market cap has a major resistance cluster marked in my chart in red where several resistances coming together and with that being said when the total cryptocurrency market cap moves into this zone a heavy pullback will be highly likely.
Upcoming Determinations:
Taking all these factors into the consideration it will be highly conclusive on how the total cryptocurrency market cap moves after pulling back off the resistance cluster, if the market then breaks down below the 640 Billion US-Dollar support then a wave C extension will be indicated as it is seen in my chart. Otherwise when this does not happen, which is the less possible scenario is when the market stays above this main support and initially manages to stabilize within to form a reversal in this area however according to the strength of the breakdown and the high intensity with which bearishness showed up in the market the initial bearish continuation scenario has a higher possibility as the final head shoulder target zone still has not been reached yet this will happen with the wave C extension. For now, we need to be prepared for such bearish volatility continuations.
In this manner, thank you for watching the analysis, all the best!
"The high destiny of the market is to explicate, rather than to speculate."
Information provided is only educational and should not be used to take action in the markets.
TOTAL3 • extra comments on previous postHi guys since previous idea/post got so much engagement with different opinions. Here's a bit more further thoughts on the TOTAL3 chart.
Again. I'm thinking in terms of probabilities and risk reward in the context of the macro trend. I am not focusing on the daily and intraday moves here.
Let's look at this structurally.
TOTAL3 -Going down FORECAST NEXT WEEKLY TREND CHARTTOTAL3 -Going down FORECAST NEXT WEEKLY TREND CHART
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
Another ALTSEASON after this correction? Trading kept Simple.Please Like or Follow if you enjoyed this content.
UPDATE: Total3 (Cryptomarketcap minus BTC and ETH martketcap) dips into support. Altcoin marketcap is moving in a range. So it's not man over board. Fear is high. Marketcap can dip to 700B, and we are still in the same range. Either it goes sideways here or one more dip. And we are gonna see another Altseason. Question is are we gonna see a mini Altseason or a MONSTER ALTSEASON?
RSI is now about the same level as the May bottom. One more leg down to scare people out, so the whales can pump one more time? The price is currently on the negative side of the Ichimoku . But that's not something we haven't seen before.
My 'Supertrend Ninja' indicator gave only 3 bullish signals for ALTSEASONS in 2021. Making each signal very reliable. I am patiently waiting for the first bullish ALTSEASON signal in 2022. "The Crypto market is a device to transfer money from the impatient to the patient.”
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "Heikin Ashi Trailing Stoploss Activation", the indicator(in my scripts) with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Supports and Resistances are highlighted as grey blocks. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja indicator", which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.