TOTAL3 - ALT SEASON - Bull Swing CRYPTOCAP:TOTAL3 is ready for the Alt Season.
#Altcoins will be rockin' the boat in '25.
CRYPTOCAP:BTC.D is running out of steam, thus opening the door for #AltSeason to start.
The correction on MARKETSCOM:BITCOIN Dominance is the key to #Alts to shine.
1.13T MC has been touched, previous #ATH.
Now CRYPTOCAP:TOTAL3 is in a Wave 4 (#ElliottWave Triangle), with Wave 5 of the Larger Degree C Wave about to shoot.
Targets between the #Fibonacci Extensions 200-261.8%.
That's the 1.5T to 1.8T range.
Total3marketcap
TOTAL3 Chart Analysis.
The TOTAL3 chart, representing the entire Altcoin market except for Ethereum, has successfully broken its downtrend resistance, indicating a significant shift in market sentiment. With the RSI remaining comfortably above 60, bullish momentum is gaining momentum, indicating growing confidence among market participants.
Historically, this pattern precedes a macro bullish phase, where small-cap Altcoins begin to surge, led by Bitcoin and Ethereum. A break above the $1.1T level could act as a catalyst, potentially igniting a broader Altcoin season as capital flows into the Altcoin market.
Let me know if you’d like further assistance or adjustments!
DYOR. NFA
I foresee a retracement for TOTAL 3 extending into April.Since December 24, we have observed a retracement for TOTAL 3, and I anticipate this trend will persist until April. Based on wave analysis, the final wave is expected to be the longest, consisting of five waves and potentially dropping TOTAL 3 to around $740B. If this scenario unfolds, it could result in several challenging months, marked by significant "crypto bleeding."
It’s worth mentioning that some cryptocurrencies may still experience great individual waves, as usual. However, I believe the overall market trend suggests a delay in the broader bull run.
My advice, if this prediction holds true, is to exit the market while this outlook remains valid. Once the charts show a positive shift, you can re-enter the market and fully enjoy the journey of the bull run.
Total 3 Crypto Market Cap and US10YIn our ‘Daily dose of Chart’ today we are looking into Crypto and US10Y rates. We are plotting Total 3 Crypto market Cap vs US 10 Y. Total 3 Crypto Market Cap which is the sum of all the total Crypto market cap except BTC and ETH. The Total 3 was in a bearish pattern throughout 2022 and 2024 when the US10Y was making a head and shoulder pattern. After completing the head and shoulder pattern, the yields fell which gave Total 3 to break out of a 2 year base. But with the recent breakout in US10Y rates, the Total 3 is suffering a short term bearish market. We see a cup and handle forming on the weekly chart for the Total 3. But my assessment is that the handle formation will not complete until the beginning of Q2 2025 on the weekly chart. We will revisit the chart in April 2025.
Alt Coins - one more correction likelyThis is the chart of TOTAL3 market cap - all coins excluding BTC and ETH (essentially market cap of all alt coins).
As we can see, price action is within a larger bull flag (yellow parallel channel) but within it, there is a bear flag (red parallel channel).
Market cap is currently at 950 bn. We are likely to see one more correction where market cap is likely to touch 800 bn market cap. This is because if market cap breaks down from the bear flag, on the basis of measured move, market cap is likely to touch 800 bn. This is also a fib retracement level of 50% and a strong support zone on Weekly timeframe.
Once market cap hits 800 bn zone, there is likely to be a bounce which could pierce the yellow parallel channel as it will be the 3rd hit on the upper trendline of the yellow parallel channel.
Remember technicals are all probabilities, market cap could negate bear flag to hit upper trendline of the yellow parallel channel.
TOTAL3 ChartHey,
This is really a text book chart, together with many others in the crypto atm..
A lot of fear and greed is currently in the market, you see that in the PA.
But that is old news, cuz I shared that a long time ago already.
For me more upside from this zone is very likely, if it fails...
I have to go back to the drawing board and see what is the next area of weekly or monthly demand to time when and where price is likely to move towards.
Have a good one, more charts soon.
Make sure you follow us :)
Kind regards,
Max Nieveld
Total 3 Crypto Market Cap multi year base BreakoutTotal 3 Crypto Market Cap excluding #BTC and #ETH trying to breakout of the previous highs of Oct 2021 during the prior Alt season. Already did try a failed breakout once. Will it succeed the next time ? For this to happen the big caps #SOL , #BNB and #XRP have to outperform.
TOTAL 3 Could easily triple or quadruple in market cap in 2025.The TOTAL 3 market cap is looking spectacular for the 2025 bull run and could easily triple or quadruple in 2025, based on the chart. Keep in mind that this is the logarithmic chart, but this bull run isn't like any of the previous cycles, as many have yet to realize. In fact, it could end up being a cycle that extends well into the end of the year.
Good luck, and always use a stop loss.
Expect Volatility for Altcoins: Key Levels to WatchTOTAL3 (Total Market Cap excluding BTC and ETH) is currently oscillating between $1 Trillion and $1.1 Trillion, presenting a tight range that traders are closely monitoring. Here’s what could happen next:
1. Range Rebound: A dip to $1 Trillion with a strong bullish rejection at this support could drive the market to test the top of the range at $1.1 Trillion.
2. Breakout Opportunity: A successful breakout above $1.1 Trillion would signal bullish momentum, potentially lifting Altcoin Market to $1.2 Trillion and marking the continuation of Altseason.
3. Bearish Scenario: Failing to hold the $1 Trillion support level would likely trigger short-term bearish sentiment, pushing Altcoin Market cap down by approximately 10%, targeting $0.9 Trillion.
TOTAL3 update
CRYPTO TOTAL MARKET CAP looks bullish as hell and it seems the institutional adoption of crypto this time would be bigger that we can imagine
This bullrun maybe actually take the market yp to 1.5T, 2T & even 3T dollars
However, in lower timeframes this index has not broken above the previous ATH so we maybe see some real liquidation & correction before realizing these goals. So pick your investments wisely to avoid big losses
The Altcoin Market is About to Ignite: Here's What You Need to KAs we enter the final stretch of 2024 and head into 2025, the altcoin market is poised for a massive surge. Despite recent market fluctuations, whales have been quietly accumulating Bitcoin, while retail traders have been selling off for no reason. But the tide is about to turn.
Whales Are Holding, Retail Is Selling
On-chain data from CryptoQuant confirms that whales have accumulated $1.6 billion worth of Bitcoin in the last 3-5 weeks, while retail traders have been panic selling. Meanwhile, the ETH MVRV chart shows that Ethereum is currently undervalued, but is starting to shift upwards, signaling strong momentum on the horizon.
Institutional Interest in ETH Longs Is Growing
Strong institutional interest in ETH longs has been growing massively since November 5th, with 245,000 ETH in ETF inflows just this month. In fact, ETH ETF inflows have surpassed those of BTC for the first time, marking a major shift in the market.
The Altcoin Market is Undervalued
The altcoin market is currently undervalued compared to Bitcoin, with a ratio of 95% - meaning Bitcoin is heavily overvaluing the altcoin market. But this is a good sign for both. Based on calculations that factor in the ratio, stablecoin supply, and Bitcoin dominance, the altcoin market cap is predicted to reach $1.4 trillion by Q1 2025.
The Rise of Altcoin ETFs
The market is pricing in a massive altcoin ETF in 2025, something that has been predicted for over a year. Rumors are circulating that BlackRock and JPMorgan are planning to launch an XRP ETF, which would be a game-changer for the altcoin market.
The Numbers Don't Lie
In April/May 2021, the altcoin market cap was $984 billion, and by November 2021, it had dropped to 18% of Bitcoin's market cap. But now, the ratio is sitting at an extreme 95%, indicating that altcoins are seriously undervalued.
Get Ready for Altseason
The boring altcoin movements are over, and the altcoin market is on fire. The XRP ETF is coming, and it's going to be huge. Anyone who isn't paying attention is going to get left behind. With Bitcoin predicted to reach $130k and the altcoin market cap predicted to reach $1.4 trillion by Q1 2025, the time to invest is now.
Summary
As we approach the end of 2024 and enter 2025, the altcoin market is gearing up for a significant surge. Recent data shows that while retail traders have been panic selling, whales have accumulated $1.6 billion in Bitcoin, indicating a strong hold on their assets. Ethereum is currently undervalued, with rising momentum reflected in recent ETF inflows surpassing those of Bitcoin for the first time.
The altcoin market is on the verge of a major breakout, with rumors of upcoming ETFs for XRP from major firms like BlackRock and JPMorgan. Currently, the altcoin market is heavily undervalued compared to Bitcoin, sitting at a 95% ratio, suggesting potential growth. Predictions estimate the altcoin market cap could reach $1.4 trillion by Q1 2025, with Bitcoin projected to hit $130k. Overall, the altcoin season is beginning, and it presents a prime opportunity for investors to capitalize on potential gains.
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.
The Cup and Handle Pattern: A Trader’s Blueprint for SuccessThe Cup and Handle pattern is one of the most reliable and visually recognizable chart patterns in technical analysis. A favorite among both beginner and seasoned traders, it signals a potential continuation or breakout and offers an opportunity for significant profits when traded correctly.
But what makes this pattern so special? Let’s dive into its structure, Bulkowski’s research, and how you can leverage this powerhouse pattern in your trading.
What is the Cup and Handle Pattern?
The Cup and Handle pattern resembles the shape of a tea or coffee cup—complete with a rounded bottom and a slight dip forming the "handle." It typically forms in bullish markets and is considered a continuation pattern, suggesting that the trend is likely to continue after the breakout.
Key Features:
Cup Formation:
A rounded, U-shaped curve that signifies a gradual correction followed by an equally steady recovery. A V-shaped bottom is less ideal but can still be effective in some cases.
Handle Formation:
A small consolidation phase or pullback, typically sloping downwards, that signifies hesitation before the breakout.
Breakout Point:
When the price moves above the resistance level (the lip of the cup), confirming the pattern and signaling a bullish breakout.
Bulkowski’s Research: The Numbers Behind the Pattern
Thomas Bulkowski, a renowned technical analyst and chart pattern expert, conducted extensive research on the Cup and Handle. His findings provide valuable insights into the pattern’s reliability and performance.
Key Statistics:
Success Rate: The Cup and Handle pattern has an average success rate of 65% for upward breakouts, making it one of the more reliable patterns.
Average Rise Post-Breakout: Bulkowski’s research shows that the price typically rises by 34% after a breakout.
Handle Depth: The handle should retrace no more than 12-15% of the cup’s height. Deeper handles tend to be less reliable.
Volume Analysis: Breakouts with increasing volume tend to perform better. About 50-60% of successful breakouts occur with higher-than-average volume.
How to Trade the Cup and Handle
Step 1: Identify the Pattern
Look for a rounded bottom (the cup) and a smaller pullback or consolidation (the handle) that does not exceed 50% of the cup’s height. Ensure the pattern forms over a reasonable timeframe—weeks to months for higher timeframes, or days for intraday trading.
Step 2: Confirm the Breakout
Wait for the price to break above the resistance level (the lip of the cup). Volume spikes during the breakout provide additional confirmation.
Step 3: Set Targets
Target Price: Measure the height of the cup and add it to the breakout point to estimate the target price.
Stop Loss: Place a stop-loss slightly below the handle or the bottom of the cup to minimize risk.
Step 4: Manage Risk
Use a reward-to-risk ratio of at least 2:1 or 3:1, and avoid over-leveraging. Bulkowski’s research suggests the pattern’s success improves when traders maintain disciplined risk management.
Tips for Spotting High-Quality Patterns
Timeframe Matters: The longer it takes for the cup to form, the stronger the pattern. Bulkowski’s research highlights that patterns forming over 3–6 months tend to yield better results.
Handle Characteristics: A tight, orderly handle is more effective than a volatile, erratic one. This suggests controlled consolidation rather than panic selling.
Volume Trends: Look for declining volume during the cup formation and handle, followed by a sharp increase during the breakout.
The Pitfalls to Avoid
While the Cup and Handle is a high-potential pattern, not all instances are created equal. Here are common mistakes to avoid:
Forcing the Pattern: Sometimes, price movements may appear similar but don’t meet the full criteria. Stick to well-defined patterns.
Ignoring Volume: A breakout without significant volume may lead to a false signal.
Trading in Weak Markets: This pattern works best in bullish environments where upward momentum can sustain breakouts.
The Cup and Handle pattern combines simplicity with effectiveness. Bulkowski’s statistical research underscores its reliability, and its visual nature makes it easy to spot. Whether you’re trading stocks, forex, or cryptocurrencies, this pattern is a powerful addition to your technical analysis toolkit.
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.
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.
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