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.
Total3
Altseason is coming!Hello, everyone!
If this Bitcoin analysis plays out we are about to see new local altseason. Altcoins is going to outperform Bitcoin. We can see that the Broadening Falling Wedge has been formed by the TOTAL3 – capitalization of cryptomarket excluding BTC and ETH. Now this wedge have been broken to the upside. Also we can see the retest of it’s upper band. I expect the target zone according to left picture, which corresponds to $1.10T. In this case the strong fundamental altcoins can grow significantly.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.
MY MINIMALIST CHART ANALYSIS FOR TOTAL 312.5.21
ON A WEEKLY CHART
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.
BITCOIN, ETHEREUM and the ALTS Do we HODL, FUD or FOMO?
Looking at the TOTL3 Chart, Retracement/Correction looks pretty normal and healthy based on the Fib Levels and sequential patterns of the market.
The BOTTOMS of the BOXES confirms to re-tests levels in which are all possible key support levels.
1) We can expect a reversal on a 0.618 when the market will re-test 673 for the second time or continue further down to the 0.786 or 1.0.
2) HODL and everything looks good for you. FUD and SUPPLY RISES giving a second chance for FOMOs to grab this opportunity. Institutional traders love this kind of bargain as well ,
so we may see accumulation and distribution within a couple of weeks depending on how traders, especially retailers look at it as an opportunity or not.
3) We will watch out for H&S patterns, Double Bottoms and measured moves.
A simple analysis for TOTAL3H ello friends
As we can all see, the market is in dire straits with optimistic cows and pessimistic bears
In my opinion, the TOTAL3 index is one of the best tools for better market analysis and understanding.
And based on this analysis that I share with you, I think cows are more likely to win than bears.
Of course, no strong technical signal has been issued yet to complete the correction, but my focus is more on the possibility of changing the trend.
******Appropriate entry points for supports and resistances according to the chart*******
If you like this idea, Please Follow me and do not forget that your likes and comments are very very important .
Thank you dear friends.
Be generous and rich.
CRYPTO BEARISH SCENARIO, SENTIMENT
All analysis and price reference is to weekly Open Close unless indicated otherwise.
Green and White boxes specify a date range of relevance.
There are 5 Down Arrows indicating specific weeks, color coded for ease of reference.
(IF you are color blind; Down Arrows are Green, Yellow, Orange, Red, White chronologically respectively.)
The hypothesis is that the Altcoin Market Cap can serve as a gauge for sentiment
towards Crypto Sector along with BTC and ETH price chart.
Looking towards the green box, after BTC peaked, it took several weeks for ETH
and Altcoins to peak. In fact they peaked only after BTC had a weekly close
lower than its previous weekly low indicated by the Green Down Arrow. At this
point ETH barely corrected and Altcoins were still too bullish to dump they
printed the shortest red candle basically a doji;
Sentiment was highly bullish still.
When BTC closed below its January high (Yellow Down Arrow), only then ETH and
Altcoins fell and although Altcoins printed the largest red candle following ETH,
both of them managed to close higher than their January highs in summer. So, within
the green box market sentiment was following BTC but lagging behind. And during
summer ETH and Altcoins painted a more bullish structure than BTC.
Almost as if BTC price was being manipulated but the sentiment was unaffected as a whole.
When BTC started its August run, Altcoin Market Cap printed a new ATH and ETH retested
its ATH where BTC wasn't even close to reaching it yet. At the Orange Down Arrow only
BTC printed a weekly close that's lower than the previous week and ETH had the largest
red candle. Although altcoins wicked below the May ATH they consistently closed above
their ATH until BTC had a weekly close below the high of Yellow Down Arrow also they
had the smallest red candle of the three unlike what happened in may at the Yellow Down Arrow.
This showed that the sentiment was high enough to pull the market up and trending.
Inside the white box BTC and ETH had started their bull run but market sentiment was barely moving.
3th Candle into the white box BTC had already printed a higher high and it took ETH 5 and
Altcoins 6 weeks to do the same. Also Altcoin market cap broke below its trendline
and was now trending below it finding resistance to close above. When BTC closed below its April ATH,
Altcoin Market Cap did a final Retest of the trendline. We can see that the market sentiment
was having trouble breaking above the trend investors were expecting a larger correction. As
BTC and ETH were rising investors were hesitant to jump into Alts. IF we use Altcoin Market Cap,
sentiment as a leading indicator. Altcoin Market Cap breaking far below the trendline could be
the sentiment that BTC and ETH now face.
As BTC broke below the trend at the White Down Arrow this brought also ETH back down to trend.
This weeks candle is currently breaking below.
As BTC moves, Altcoins move painting a slightly different chart because of the nature
of the underlying assets. Altcoins are viewed as highly speculative high risk high reward
assets so they move more when sentiment is highly bullish. This innate difference
is what we are using to gauge the market sentiment.
IF ETH follows the downwards trend, pressured by sentiment and BTC breaking below trend
then that could in effect print more red candles for Altcoins and breaking below September Low.
This could create a cascading effect dumping all the way down to 30k or perhaps a little lower,
before BTC sees a new macro bullish move.
FIB Levels
If we go up to around 53-57k we could find resistance at 0.5 0.618 fib levels and head right
back down. Printing a large head and shoulders. Which would then cause the prementioned move that
brings us down to 30 k.
I tried to draw a speculation of how BTC may get rejected from these fib levels(RED LINE).
I tried to respect 0.618 0.5 1,272 and 1,618 as well as break and retest points.
Then copied the bar pattern from April Peak and resized it, the patterns also seemed to fit
so I also left that as a faint yellow bar pattern. Nevertheless they are both dubious and
wildly speculative at best.
This scenario is called three peaks and the domed house, however I am not an expert on it, I
do not know if it applies to these assets and conditions. Although combined with market
sentiment and resemblance of chart pattern to BTC it could be the large dump that
investors feared but in a way expected. Perhaps after that it will be enough to
moonshot over 100K
Towards summer-fall next year.
I will try to include the URL to the pattern here but if I fail, you can search;
"Three peaks and domed house"
www.google.com
It looks something like this if URL didn't show;
I am incredibly bullish on Crypto and Blockchain and over 90% invested in Crypto.
Full Disclosure I plan on decreasing my exposure to 75% if we pump to those prementioned fib levels.
.. only to buy more :=)
Just my 2 Sats.
-Kaynaki
BTC forming an ending diagonal ?I've long held to the theory, that the 2011-2013 BTC bull run is equivalent to the 2015-2021(22) bull run.
So my fibonacci lines are from 2015 low to 2018 high.
I suspect BTC is forming an ending diagonal. In addition, I would not be surprised to see BTC do a throwover for the final wave 5 of the ending diagonal to nail the 4.236 fib of years 2015-2022 bull run cycle.
This would fit very well with the current curve trend of BTC on a log graph.
If you are a trend line person, I might as well throw this in there.
**TOTAL**
Now let's look at TOTAL. If you hold that the bull cycle is from 2018 to 2021, then yes TOTAL has touched the 4.236 fib.
But, if the cycle is from 2015-2022, then it has not touched the 4.236 fib. TOTAL has one more push to go. It would also form an ending diagonal.
But, unlike BTC that would NOT require a throwover to touch exactly the 4.236 fib, TOTAL would easily touch the 4.326 fib with an ending diagonal
**TOTAL3** (TOTAL - BTC - ETC)
TOTAL3 doesn't have a history since 2015, so I can't do a fibonacci. But, it is forming the same ending diagonal pattern.
It might possibly do a throwover, but I wouldn't bet the bank on it.
All Crypto Market Cap UpdatesHello friends, today you can review the technical analysis on the 1W linear scale chart for the Total Crypto Market Cap ( TOTAL ), the Total Crypto Market Cap excluding Bitcoin (TOTAL2), and the Total Crypto Market Cap excluding Bitcoin and Ethereum ( TOTAL3 ).
#CryptoPickk noted in the chart:
1) Reviewing the Crypto Market Caps for the TOTAL, TOTAL2 and TOTAL3 are a must as they all work in tandem. This will give you an indication where the Crypto Market (Bitcoin, Ethereum and Altcoins) are headed.
2) The chart shows each of the market caps have formed a multi-month Cup and Handle Pattern as well as bouncing off of a multi-month trendline.
3) The target for each of the Cup and Handle Patterns are noted.
4) Keep an eye on the Volume as it is picking up.
5) There is positivity coming up, but expect as much volatility.
What are your opinions on this?
If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below.
Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis. Don't trade based on my advice. Do your own research! #cryptopickk
Bullish Altcoin marketI think we will see a continuation of the bull market for Alts as long as it keeps support. It would still be bullish to see come back down again to 0.5 fib level and the 2nd lower trendline. If it doesn't correct again we should see market go to the 1.618 fib level.
Any comments or advice on my TA is greatly appreciated :)
*not financial advice*
TOTAL3 Ascending Triangle PatternCRYPTOCAP:TOTAL3
I have been following this massive ascending triangle that has been forming on the TOTAL3 chart since the May correction. Notice how price has been unable to close any daily candles above the flat upper resistance bound. In the past few weeks this chart has consistently printed "doji's" as the consolidation inches closer to the upper resistance line. There is a clear ascending lower resistance bound that has formed as well.
The breakout target for this pattern would indicate a 70% move to the upside for this TOTAL3 index which would send many altcoins parabolic. It appears that price may continue to consolidate inside this pattern formation for up to 2 more weeks (~Nov.12).
My trading plan is to wait for a daily close above the resistance line and then open long positions in a few different altcoins that I feel have been suppressed. Best of luck to all during this coming altseason.
TOTAL 3 TO THE MOOONprice action makes me to think that exchanges are in pain for altcoins. there could too much longs or another sick situation for them to dump the altcoins. i dont know. But there's a clear cup and handle and for my prediction it will going to rise very sharply soon if there wouldn't any blackswan event. I dont think Bitcoin can go new ATH without altcoins. we can see big moves up and down on BTC.D.
Look for;
1.TOTAL3/TOTAL2 (Weekly)
2.TOTAL 2 inverted (Weekly)
3.BTCUSD inverted (Weekly)
I cant insert the links because I am not a PRO member. Just take a look the charts above and make your own desicion.
TOTAL3 Cup and Handle FormingImportant things to note:
The basing pattern can been see in a lot of different altcoins depending on their release.
There is a strong basing pattern followed by the formation of a handle.
I have created the target if the pattern completes.
Target is depth of cup added to the top of the cup.
543 + 922 = 1456
This target will represent the boom of altcoins during the rest of the bull cycle.
Market cap will likely be higher than this when the dust settles.
So, I decided to take a break from ADA today since I have said everything that needs to be said at the moment and we are just waiting. What I wanted you to look at was the market cap of the total3 which includes all altcoins except BTC and ETH. If you have any worries of where the market is going, just take a look at the pattern forming at the moment. We have a strong basing pattern (which has been seen in many altcoins) followed by the handle which is forming now). Personally, I do not expect this pattern to break to the downside. BTC has reversed its bearish trend and is back to bullish. I have created the target you see by adding the depth of the cup to the top of the cup which gives us a target of 1456. This altcoin boom will be represented in the rest of our bull cycle. I think the biggest runs will line up with the approval of the 4 BTC ETFs with deadlines of Nov. 21, Dec. 8, Dec. 11 and Dec. 24. Some people (like PlanB) have suggested the bull run might go a bit longer than originally thought, (at least 6 months). I don't know anyone better at predicting long term trends using stock to flow modelling than PlanB. Anyways, I hope you all sit back and enjoy the fireworks. Smaller altcoins will likely run 10X or more, and larger ones can see a 3-4X run in my opinion. We will see how this goes! Thanks again for the support everyone!
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
Possible breakout in the altcoin marketSo as we can see here, there is a pennant forming in TOTAL3 (altcoin market excluding ETH). It's basically the same in TOTAL2 (altcoin market with ETH), but there are more points to the upper resistance trendline on the pennant in TOTAL3, so I thought it was more accurate.
As this is a continuation pattern, it's most likely to have a breakthrough. In that case, taking the height of the flagpole to a possible breakout point there would be 60% gains until 1.4T market cap and a massive rally till the end of the year possibly.
If there is a breakdown, there would be a 60% drop in the market cap of alts an we would continue to be in a bear market.
Even if there is a breakdown we need to watch the 20 and 50 daily EMA because if the PA breaks these supports and the 20 crosses the 50 that would confirm the continuation of the bear market.
In addition, if you look at the PA, it is very similar to the period from December 2020 to February 2021, and after that the bull run continued.
This is not financial advice, DYOR. Don't listen to an Explosive_Cow ;)
If you found this helpful drop a like and a follow if you want to see more of my ideas :D
TOTAL MARKETCAP!The Total Index was within the resistance range to which it reacted and experienced a relatively heavy correction market. According to the 4-hour chart, Total was moving within a bullish corner pattern, which, with its loss, seems to have entered a corrective phase in the market.Friends, push the like button, write a comment, and share with your mates - that would be the best THANK YOU.