very lil TA skills Altcoin 3 optimistic guess from here As of now I still have very little TA skills, and on this optimistic version of my guess/prediction from here, I just used the same few revelations I came across when I did my first ever btc chart (finding a parallel channel that fits previous price action, and then just duplicating the the parallel channel and stacking it, to get a basic blueprint of an overlay of potential resistance and support lines), combined with TA techniques from free Crypto Crew University youtube videos and an aggregate of other youtubers here and there, and I'm probably using some wrong but yea, this is my 'bullish' and optimistic guess/prediction as a first full cycle 'retail' hodler.
If i'm not going on what I want to happen, my bearish feeling and guess/prediction would be, a 25%-35% sell off before or after thanksgiving, and either going back up shortly after and keep running through 2025 or worst and what it feels like, toping out around the 10th-14th of December.
Feel free to tell me what will likely happen if you are an experienced TA chartist.
Total3marketcap
TOTAL 3 CRYPTOCAP EXCLUDING BTC ETH SITTING AT LAST TOP The total crypto market cap (excluding BTC and ETH) is sitting at a critical resistance level. This suggests potential volatility as the market tests this level, with a breakout possibly signaling stronger interest in altcoins. Watch for either a decisive move upward or a rejection, which could indicate a period of consolidation ahead.
Total 3 The chart illustrates the total cryptocurrency market cap, excluding Bitcoin and Ethereum, currently consolidating within a descending channel, often recognized as a bullish flag pattern. This pattern emerges after a strong upward movement, suggesting the potential for further gains once the consolidation phase concludes. The market is fluctuating between two red trend lines, which represent the upper and lower boundaries of this flag.
Key levels of support and resistance are highlighted on the chart. The resistance level, around 783 billion USD, has been tested previously but remains unbroken, causing the market to pull back. On the downside, the chart identifies a strong support zone near the 550 billion USD marked in blue. This area has consistently served as a critical support level, making it a pivotal point to monitor for any potential bounce.
The overall sentiment expressed is one of optimism, a massive bull run for altcoins. The ongoing consolidation within the bullish flag is viewed as a temporary phase before a likely breakout to the upside. After a confirmed breakout from the bull flag which could confirm the continuation of the upward trend and potentially signal the beginning of a new altseason. This indicates that the market may be on the verge of a significant move, and traders are advised to monitor these key levels for possible trading opportunities.
Chart Idea - TOTAL3 to the moon !TOTAL3 finally broke out the bull flag. Raging ALT season is here. I am super bullish on ALTs atleast until Jan 2025. This is one of the best chart out there. I do not need to explain here as everyone who knows about the ABC of trading would know what a bull flag break out is and what the TP would be.
Let's go to the moooooonnnn !!!!
NOT A FINANCIAL ADVICE! DYOR
#TOTAL3#TOTAL3
#ALTS
The altcoin market is heading for a very good rise by the end of this year 2024
Targeting 1.2 trillion
The price is moving in a descending channel on the 4-hour frame and is largely committed to it and is expected to break it upwards
We have a rebound from a major support area at the lower line of the channel at
573 B
We have a downtrend on the RSI indicator, which supports the rise
Total 3 Analysis & name your altSimilar to Bitcoin, altcoins also began a correction in March.
Although this correction has been steeper, it remains a correction. After breaking below the 600B support, the total altcoin market found support around 500B and is now trading back above 600B, suggesting a false break.
The confluence of falling line resistance and horizontal resistance around 650B indicates that a break above this level should accelerate gains for the total altcoin market and potentially lead to a retest of the previous high.
In a more optimistic scenario, if Bitcoin heads towards 100k, we could even see a 1T market cap for altcoins.
P.S. I see a lot of altcoins with great potential. Would you like me to look into any specific ones for you?
Regards!
Mihai Iacob
Why ALTSEASON 2.0 is HEREIf you've been following for a wile, you'll know I've been speaking of Elliot Wave theory and cycles - and how, from a macro perspective, we are currently in a multi-month correction before another impulse wave up.
By looking at the TOTAL3 chart, as discussed in the video, it seems likely that this may only be the BEGINNING for altcoins... and you'll see why.
Even though multi-month corrections can be demotivating, patience rewards the faithful!
Check out yesterday's analysis on Altcoins that are strong right now despite the recent dip:
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CRYPTOCAP:TOTAL3
TOTAL3 Chart IdeaALTS are screaming buy here.
- Weekly RSI is below 50
- Stoch Weekly RSI is at the bottom
- TOTAL3 is sitting at 0.618 fib level on weekly
- Rising wedge on BTC.D in weekly TF has been broken down and retested
- ETH ETF is launching next week
Super bullish for ALTS atleast until Oct 2024
TOTAL 3 is bearishThe main structure of TOTAL 3 is bearish.
A trendline is break down. It is now below the resistance (flip)
By maintaining the supply, it can move towards the targets. The targets are clear on the chart.
Closing a daily candle above the invalidation level will violate the analysis
Note that the financial market is risky, so:
Do not enter any position without confirmation and trigger.
Do not enter a position without setting a stop.
Do not enter a position without capital management.
When we reach the first TP, save some profit and try to move the stop continuously in the direction of your profit.
If you have any comments please post them, comments will help us improve our performance
Thanks
TOTAL 3 - Can do +30% move versus #BTC pre halving #ALT runThis chart Total 3 minus the 3 biggest stablecoins
OVER the price of #Bitcoin
If this number is going up so are your #altcoins
We have a clear double bottom forming
just a matter of clearing the neckline to confirm.
Also interesting to note how the 0.786 Fibonacci was front-run by eager investors looking for Risk assets.
Correction for alts is probably overFor the past two months, CRYPTOCAP:TOTAL3 has been undergoing a correction. This correction was anticipated for many altcoins and, importantly, is very healthy for the market.
Upon closer analysis of the chart, it becomes evident that this correction does not signify a trend reversal.
Total3 halted its descent around the 600T zone, which does not represent very robust support.
I anticipate a fresh upward movement from many altcoins, potentially propelling Total3 to reach the 850T mark.
analysis of TOTAL3 (altcoins index)Update #analysis of TOTAL3 (altcoins index) time 4H
In the previous analysis, we expected this index to suffer and we see that the price has reacted to the specified resistance level and is suffering.
It is expected that this index will enter an upward trend from the specified price floor, and you must keep an eye on the evolutions.
And it seems that now is the best time to buy and hold at least for a while
WER we AR now, Toto? "Bark bark" - Toto answered and Elly pulled on the leash - "Look for blood, look for it!"
And Toto starts sniffin'
gutten Tag mein kline Freunde!
its time to look at the big picture and here iz my opinion:
we are the witnesses of the final (and most strong) wave before regulation and stuff. it shoud end BEFORE 2025, I mean that after 2025 correction of all previous growth will start.
think, analyze and buy the dip. when it comes ofcourse, not now:) THEN.
ps: the structure - I dunno, it seems like a ZigZag, will see - I will update this chart. Maybe ;)
CONSERVATIVE TOTAL3 ALTCOIN MARKET CAP PREDICTIONThis is my conservative Total3 (no BTC or ETH included) altcoin market cap prediction for a minimum all-time high.
Following the past trend, we can expect a high around ~$1.85 trillion . This is +178% from our current price and only a +70% increase from the prior all-time high in 2021. The expected date is an estimate taken from the number of days from the 2nd last ATH to the last ATH.
The data is only a single set and should not be taken as fact in the slightest. However, if we use it as an estimate, we will reach a new ATH on September 15, 2025 , which is 558 calendar days from today.
This is a strictly TA breakdown of the Total2 market cap. With full transparency, I think it is realistic that we will see a greater move than this. We may see this trend line only as resistance before breaking even further above $1.85. I have no time estimate for this.
Everyone knows we now have Bitcoin institutionally adopted. ETFs have exceeded inflow expectations and could lead to greater ATH's than predicted, which could be an indicator for the same moves for altcoins.
Alikze → TOTAL3 | Completing wave 3 upIn time D1 and H8, it is moving in an ascending channel, which has now entered an ascending rally after an ascending cycle and a correction in the form of three waves, which is now in the ascending wave 3, which has the ability to reach certain areas. will have the This moving wave has so far returned 100% of wave 1, which has the ability to reach 1.272 and 1.618, and then, if corrected, it will enter corrective wave 4, and finally wave 5 can extend to at least the specified supply area.
The current wave can have two behavioral scenarios according to the supply area of the previous ceiling.
First scenario: pull back internally and continue the route
The second scenario: the failure of the supply and pullback area and the continuation of the path, which if this scenario is realized, should extend to the indicated Fibo areas.
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TOTAL3 free to runI never had the time or I forgot to post something about this over the last month, however TOTAL3 turned pretty bullish after breaking out two different resistances. As you can see the second one was retested and since then we're in up only mode. I expect some reaction once we get to next resistance.
I personally don't see any real resistance until that daily one I indicated on the chart. This bull season is going to be fun unless you messed up every single coin/token in your bag! In that case it will be very sad!
TOTAL 3 ~ Potential Breakout in April 2024TOTAL 3
Altcoins minus BTC & ETH
✅Price has broken above the 200 DSMA
✅Price has broken out of the pennant
⏳126th week is 1st April 2024
Earlier today I shared TOTAL 2 which includes CRYPTOCAP:ETH and suggested that including ETH altseason could initiate from Feb/Mar 2024.
TOTAL 2 breaking out ahead of TOTAL 3 makes a lot of sense as this is what has happened in prior cycles
FIRSTLY, bitcoin leads the whole market like it has been.
Secondly, liquidity moves into Layer 1 altcoins like CRYPTOCAP:ETH , CRYPTOCAP:ADA & EURONEXT:ALGO = TOTAL 2 in Feb/Mar
Thirdly, liquidity moves into Layer 2 altcoins like CRYPTOCAP:IMX , CRYPTOCAP:MATIC & NASDAQ:OP (TOTAL 3 in Mar/Apr)
After that the Memecoins and shxtcoins have their wild runs, which usually coincides with peak euphoria and the end of the bull market or a sizable correction. This is why you leave the gambling with small small positions until later in the cycle for those memecoin plays.
I hope this helps you frame the timeline of the market in you mind. It may not happen exactly as outlined with the dates but the sequence will likely be the same so we can watch out for Layer 1's and Layer 2's moment next.
PUKA
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...
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!