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SAGA - Consolidation before price acceleration.# SAGA - Total3 - ETH/BTC --------------------------------------------------------------------------------------------- SAGA is a cryptocurrency with a market cap of $160 million and a fully diluted market cap of $1.6 billion. It functions as a Layer 1 blockchain specifically designed for gaming. I included this coin this week because I see the potential for at least a 30% gain in the coming days or weeks. This coin is related to my publication from last week as I consider SAGA a SUI with a higher Beta. This means that SAGA is a coin that moves in relative tandem to SUI (discussed in my last publication) whilst being more volatile and sensitive to market movements. **SAGA** - The price appears to be consolidating between a downward trendline (red) and an exponential trendline (green), forming a pattern of lower highs and higher lows. This suggests that the price is coiling up for a significant move. If the price successfully breaks past the $1.90 level, there appears to be no further resistance until it reaches the W-pattern harmonic expansion at the 1.414 or 1.618 Fibonacci level. This corresponds to the corrective 0.618 or 0.786 Fibonacci retracement of the last impulsive wave down (see picture 1). This setup indicates a potential 30-60% price gain after surpassing the red downward trendline. (The strategy for entering the SAGA trade can be found at the end of this publication.) **ETH/BTC** - The ETH/BTC pair is often considered a key indicator of the altcoin market's strength relative to Bitcoin. By analyzing ETH/BTC alongside TOTAL3 (the total crypto market cap excluding both BTC and ETH), we can look for confluence to determine if SAGA (and other altcoins) have the potential to move more rapidly in comparison to BTC. On a macro scale, the ETH/BTC ratio appears to be forming a large triangular consolidation pattern. The upward trendline, which is expected to provide support, is positioned just below the 0.786 Fibonacci retracement level of the entire previous wave (see picture 1). Zooming in (see picture 2), we can observe a hammer candle formed on high volume, which established the low of the current range (a bullish signal). At present, the price is holding at this range low and has filled the wick of the previously mentioned hammer candle. As long as the price does not break down from this range, it could quickly move towards the top of the range. This suggests a higher likelihood of bullish price action for ETH and other altcoins, especially since it is rare for this ratio to increase while the prices of BTC and other cryptocurrencies decline. **Total3** - TOTAL3 (the crypto market cap excluding BTC and ETH) is currently moving within a downward parallel channel, which can be a bullish indicator, much like BTC. The market cap bounced off the 0.886 Fibonacci level on August 5th, during a period of maximum fear, forming a hammer candle. Since then, it has also bounced from the 0.786 Fibonacci level, potentially creating a large W-pattern. To support the idea that the altcoin market cap (excluding ETH) is gearing up for a bullish impulsive move, we can reference the "Three Waves to a Bottom" theory. This theory suggests that a market or stock typically undergoes three distinct downward waves before reaching a bottom. After the third wave, the price tends to stabilize and may reverse into an upward trend. The movements in the Total3 market cap tend to suggest that more money will flow into the altcoins in the short to mid term. This should also benefit SAGA’s probabilities to have an acceleration in price. **Trade Set-up** In my opinion, I recommend 2 trade set-ups to enter in a SAGA long from the 14th of september onwards (Enter at White Arrow): You wait for a breakout. Conservatively price should find resistance around 1.9$ and could retrace back to retest the trendline that has been serving as resistance since mid-Juli. You wait for a breakout. If price does continue upwards, because crypto can move parabolically, even more when we consider the market cap of SAGA (=160M$) it is still probable that price will come down and retest the trendline that has been serving as resistance for 3months, the exponential trendline (green) that has been acting as support for even longer, or both as shown in the picture. This is a repost from yesterday, hopefully the issue for the public post was the link at the foot of my previous publishment. Have a nice weekend ! Zeddit
Long
by zeddit
Bitcoin FULL Analysis PART 2In a previous analysis, I discussed the relationship between Bitcoin, the Altcoin market and Bitcoin Dominance. An important rotation exists between these three; and by using TOTAL3 together with BTC.D, you can get a clearer picture of where BTC is trading in the current cycle. In this video, I make an important suggestion based off Elliot Wave Theory. This theory is backed up by the points mentioned but also by the Logarithmic view: From the log scale, we can see BTC is still trading relatively low compared to previous cycle top-outs. So the question remains - the end... or just the beginning? ________________________________________ COINBASE:BTCUSD BINANCE:BTCUSDT CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D
by CryptoCheck-
1
Total Crypto Market Cap H&S Invalidation and ForecastWith a quiet week ahead of the CPI and PPI due out this week, it's a good time to look at the Macro chart structure. Sometimes simpler is better, and I've had great success using simple formations like the H&S pattern, which beats Elliot Wave hands down most of the time. In this case, we were looking at a potential inverse Head and Shoulders on the Total Market Cap last week, but that has now been invalidated leaving us with this new wedge formation and a new lower high trendline. I think we have some unclear or negative economic data this week and likely see prices fall across the board and the TOTAL market cap here dip down into the buy range (Green boxes based on aggregate buy limit orders on the order books and using our Order Block Detector). Then we rally into the FOMC and ahead of a possible 50 basis point rate cut surprise, and kicking off a rip-roaring Q4 October to December rally and off to new ATH's on BTC. September is seasonally a down month, so I'd expect more chop until the above plays out. And of course, new information = new decision, so we have to remail open to anything. Some are calling for a re-test of the yearly open around $44k as Bitcion usually does re-test this level at least once during the year, and as of yet hasn't. But I think we'll hold $50k bitcoin on a closing basis and will be buying in the $50k - GETTEX:52K range, as Bitcoin will likely lead the rally, followed by Solana and ETH. Our multi-time frame radar indicator is mixed, so I'm waiting for this to turn Green and our other signals to also turn Bullish, namely our ERI and TSI (Early Reveral Indicator and Trend Strength Indicator - not shown). We'll have to play it week by week and see what opportunities present. Good luck trading, this has been a very difficult area to predict and forecast, and as we can see, there's still heavy sell pressure above. However, on another chart study I shared with M3 members yesterday, there's a massive macro Bull-Flag formation on the TOTAL market cap, with a measured move of $4.8T if and when we can solidly break to new ATH. Our weekly signals show we're oversold and poised to break higher soon, just like we saw in September 2023 and before the big rally we've been enjoying all year! Like and comment below for more like this, and I'll do my best to keep you posted!
CRYPTOCAP:TOTALShort
by BrettFogle
TOTAL3Analysis for TOTAL3/USDT: Weekly Timeframe 📊 The chart displays the Crypto Total Market Cap excluding Bitcoin and Ethereum (TOTAL3) on a weekly timeframe. Below is the analysis based on the forecast lines and significant dates: 🟢 September 21, 2026 - Buy Date (Green Line): This marks a local bottom, indicating a potential opportunity to start accumulating positions in TOTAL3. The market is expected to experience a downward trend leading up to this date, presenting favorable conditions for long entries. 🟥 March 10, 2025 - Sell Date (Red Line): The forecast suggests a local peak on this date, signaling an optimal moment to take profits or tighten stop-losses, as a price correction may follow shortly after. 🟥 February 28, 2028 - Sell Date (Red Line): This date represents another peak, offering an excellent time to close positions and avoid potential price downturns. The market is expected to rise up until this point before a correction begins. Note: All times are based on Los Angeles time (UTC -7). There may be a margin of error of 1-2 candles depending on the timeframe.
CRYPTOCAP:TOTAL3Long
by trushkovskiy
TOTAL2Analysis for TOTAL2/USDT: Weekly Timeframe 📊 The chart shows the Crypto Total Market Cap excluding Bitcoin (TOTAL2) on a weekly timeframe. The key focus here is identifying significant Buy and Sell dates, which can help traders align their positions with potential market tops and bottoms. Below is the analysis based on the forecast lines: 🟢 September 28, 2026 - Buy Date (Green Line): This indicates a potential local bottom for the market, suggesting that accumulating positions during this time would be beneficial. The market is expected to decline until this date, offering a better opportunity for long entries. 🟥 March 10, 2025 - Sell Date (Red Line): The forecast shows that around this date, the market could reach a local peak. Traders should consider securing profits or tightening stop-losses, as a correction could follow after this date. 🟥 February 28, 2028 - Sell Date (Red Line): Another critical date where the market could potentially reach a peak, signaling a good time to reduce exposure or sell off positions. The market is expected to rise leading up to this point before encountering a correction. It is essential to verify these forecasts by looking at higher to lower timeframes and aligning these predictions with trend indicators and support/resistance levels. Additional Notes: 1. Thicker lines and labels like “1h/4h/1d” provide clarity on the timeframe of each prediction. 2. Green Line indicates that prices are expected to decrease, making it a Buy Date where long positions can be considered. 3. Red Line marks a peak, making it a Sell Date where profits can be taken or short positions can be considered. 4. Slight time deviations (1-2 candles) might occur, so the exact time is not absolute, but the day of action is critical. 5. Forecasts work best in combination with a trend filter and position open/close indicators for a more complete analysis. Remember to always check the forecast closer to the date indicated on the chart and adjust positions accordingly.
CRYPTOCAP:TOTAL2Long
by trushkovskiy
TOTAL1 🔍 TOTAL Market Cap (Crypto) Analysis: Weekly Timeframe 📉 The TOTAL Crypto Market Cap chart on a weekly timeframe highlights significant upcoming times where price movements may present trading opportunities. It’s essential to analyze these signals in conjunction with higher timeframes for a comprehensive market view. • BUY DATE - September 30, 2024 - Green Line: This time indicates a potential local low, offering favorable conditions for accumulating crypto assets or entering long positions. • SELL DATE - October 25, 2024 - Red Line: This time marks a potential local peak, signaling a possible moment to reduce exposure or take profits. • BUY DATE - December 7, 2026 - Green Line: Another potential local low, suggesting a favorable time to enter long positions. When working with this weekly timeframe, remember to evaluate these movements within the context of the broader market trend, considering higher timeframes for a more global perspective. Note: The exact timing of these phases can vary by +/- a few days. All times are based on UTC-7 (Los Angeles).
CRYPTOCAP:TOTALLong
by trushkovskiy
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.
CRYPTOCAP:TOTAL3Long
by TheCryptoCity
BTC : Spot the DIFFERENCE - Why THIS TIME is DIFFERENTYesterday, I made a very comprehensive update on why BTC likely has a hard drop coming - the only problem is it published the video on the BTC.D chart 🥴 So, you've likely missed it and I will repeat it here today because it's a VERY clear signal. Altcoin dump happened BETWEEN the first turquoise and the purple vertical line, from halfway onwards: Up until this point BTC did correct, but only around -27%. (BTC has currently corrected -33%) The price THEN went on to drop another -20% before bottoming out at point 4 on the Elliot Wave Theory: RECAP: What happened AFTER the 27% drop that led to another hard drop, ending at -50%? The BTC.D started INCREASING whilst BTC price DECREASED and TOTAL3 DECREASED . Now look at the chart again, again at point 3 of Elliot Wave Theory (the second turquoise vertical line). In other words - we're still waiting to reach point 4. The in-depth explanation here: ______________________________________ CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL3 COINBASE:BTCUSD COINBASE:BTCUSDT
Short
by CryptoCheck-
Crypto TOTAL Market cap on the verge of a correctionThe crypto market just had a decent recovery from its latest crash on Black Monday. Now, it seems we can expect another low based on the market structure and technical analysis. Historically, September has often been a red month for markets. What I expect is a quick flash in the market before it goes up to make new highs, starting the main bull market we've all been waiting for. This correction to $1.5T will provide the liquidity and fuel for strong bullish momentum toward the main target of $6-7T in the TOTAL Crypto Market Cap IMO. DYOR
CRYPTOCAP:TOTAL
by farhadnmd
BTC : HARD DROP Likely BEFORE New ATHHold on to your horses - in today's analysis we're going to do a really deep dive on Bitcoin, the altcoin market (TOTAL 3) and Bitcoin Dominance (BTC.D) Make sure you watch all the way until the end to reach the final conclusion! In this video, I systematically point out two main reasons why the corrective phase isn't over, as well as what could possible happen NEXT based on the rotations between alts and BTC. COINBASE:BTCUSD COINBASE:BTCUSDT CRYPTOCAP:BTC CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D For months I've been anticipating a multi-month corrective pattern, before another impulse wave up which I believe leads us to our final all time high (ATH) for this bullish cycle. Although I've said "multi-month" quite a few times... who knew it would be such a drag! I nearly thought BTC was ready to turn towards the upside, but after THIS* happened (together with the analysis in the video) it's likely we're still heading lower: *https://www.tradingview.com/chart/BTCUSD/h2bMes4J-BTC-FINALLY-Bullish-BREAKOUT/ THIS* is referring to my update on BTC two days ago, where it seemed like a bullish breakout. At this point however, the price is not able to hold the support zone (which was the condition I listed) and therefore it's likely a fakeout. If you're looking for the idea I referred to in the analysis on the Altcoin dump find it here:👇 _________________________________
CRYPTOCAP:BTC.DShort
by CryptoCheck-
Total2 path to 6 trillion dollars .Afternoon folks Mastershark here with a new TA about total 2 . History doesn’t repeat but it often rhymes. We see some similarities in Rsa behaviour for the previous cycle and the recent one. A pitchfork with some levels will explain a giant channel that we hit the level right below ath and we’re consolidating right beneath it . type of behaviour i see is to get ready and attack the previous high once more . In my opinion we will have some struggle with ath and will break it for close to 6 trillion dollars for altcoins mc which is extraordinary . I don't see anymore lows except if we fill the shadow once more . I put my tp in the chart and since we have a long journey ahead i think we might have two tops ( once everyone get off the boat we go higher ) . Anyway thanks for reading and remember its NFA and always DYOR . stay safe fam , see you at the top.
CRYPTOCAP:TOTAL2
by mastershark
2
Crypto Total Market Cap ~ 14 months of bull run remaining?Crypto - CRYPTOCAP:TOTAL Market Cap Another month has passed since I shared this chart. We are now past the half way point for this bull run. Over the next 3 months, this is typically were the market starts to reach escape velocity. ✅ Month 15 of 29 month bull run (past halfway now) ✅ Month 15 of prior cycles (green boxes) were followed by major upward price movements. ✅ An ascending triangle or compression of the market cap can be seen via a series of higher lows held up by a diagonal support line, market cap is also contained by the overhead all time highs. ⚠️What's interesting is the TOTAL market cap has not made an all time high yet 👀 ⏳The 10 month moving average is at $2.06T, we are presently under it at $2.04T however there are 16 days left in August before we have a candle close. Something to watch. It not definitive, but if we could hold above the 10 month it would be very encouraging. The 10 month moving average is still sloping up the way too which is telling. ⏳ Given the unavoidable recession concerns, I have included a Black Swan Line. I do not see this as the most likely outcome however its worth having a back the truck up line in the event of mass panic. This would be a great level for long term hodlers to enter, and could always use a level under the line as a stop for CRYPTOCAP:BTC price. Summary I remain bullish mainly due to where we are in the bull market cycle as per the chart timing above. We are fighting the 10 month moving average and it remains upward sloping. We have an ascending triangle of sorts forming and an underside diagonal support line we can watch as an increased risk level (if lost). The monthly candle presently looks like a hammer reversal candle. Patience is the name of the game here for long term hodlers. Typically Aug/Sept are thee worst months for CRYPTOCAP:BTC price performance, so we should expect consolidation, sideways and a possible churn slightly lower before the market continues its ascent towards the end of Sept, start of Oct 2024. Looking ahead, the Christmas season often brings renewed excitement to the market. That all starts with the "Halloween effect" in October. All will be revealed with 60 days. Stay busy folks 🙌 PUKA
CRYPTOCAP:TOTALLong
by PukaCharts
BTC/USDT 4-Hour Chart Update: BTC/USDT continues to trade near the 58,409 USDT level, which is a crucial support area. The price is hovering near the bottom of a descending triangle, indicating that this support level is being tested. The green trendline and the 52,408.76 USDT support remain critical levels to watch. A breakdown below this level could lead to further downside momentum, potentially taking BTC towards lower support levels. On the resistance side, BTC is struggling to reclaim the 60,000 USDT level, and until it breaks above, the bearish trend could continue. Feel free to ask if you need further details or additional analysis! Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
by CryptoSanders9563
We are due a 2017 style ALT season.One for the memory banks! Now do we actually get what we are "owed" ?? :) We don't know and nothing is owed to us of couurse But Selling too soon could be quite disastrous... as many peopleI speak to say to me 5X - 10X I am out.. Which may be prudent If you are out. Stay out and don't FOMO back in again near the tops So it's best to scale out in my opinion last cycle was a quite difficult Alt season ... some bag holders actually did not get to experience any euphoria Hence why I am leaning to an exsplosive alt season BTC at $70k doesn't feel euphoric so what will it take?
CRYPTOCAP:TOTAL2Long
by BallaJi
2
TOTAL3 - Bulls taking a napTOTAL3 began forming a descending parallel channel (Bull Flag) on March 31 and has been trading within it. We recently had the third touch at the top of the channel, but it failed to break, showing signs of exhaustion indicating a greater probability of decline in the short term. I will continue to monitor, but I only believe in all-time highs for altcoins when this channel is broken, but I wouldn't be surprised if we visit 450-480B before that happens.
CRYPTOCAP:TOTAL3Short
by The_Trading_Wizard_
XRP decoupling from BTC? is this 2017 all over again? 10,000%?!!Last time this happened , XRP had a 10,000% Bull Run . Bitcoin dominance on the verge of collapse Bitcoin going down for correction while XRP is pumping RSI non confluent Volume on XRP increasing while BTC Volume is very Low Bitcoin MA's all crossed to downside 20,50,100,200 XRP MA's all crossed to upside 20,50,100,200 if you have been on this coin and knowing everything XRP has been through in the past 4 years , then you will understand how big this is for the community and your patience is finally going to pay off . Lets wait for more confirmation . If we see CRYPTOCAP:XRP candle close above $0.66 while bitcoin is correcting , then we will know if this is for real or not . Best of luck.
INDEX:BTCUSDLong
by Visionaryofsuccess
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
CRYPTOCAP:TOTAL3Long
by Mihai_Iacob
30
The Crypto Market is Approaching Escape Velocity Total Crypto Market Cap - CRYPTOCAP:TOTAL ✅Tags 10 month moving average. ✅14 months into a 29 month bull run timeframe. 🎯You can see where we are now v's last two cycles (Oct 2016 & Aug 2020). The road to riches is paved with patience Donald Trump's Recent Key Statements at Bitcoin Conference in Nashville 1. Vowed to hodl the 210,000 BTC held by U.S. Government and use it as a strategic reserve to back the U.S. dollar. 2. Promised bitcoin miners that by the end of his presidency, they would enjoy access to the cheapest energy in the world (presumably to encourage miners to the U.S. and to make the U.S. key to the Bitcoin infrastructure and a main holder of the asset in the world). 3. Trump promised to protect the right to self custody and to establish an bitcoin presidential advisory council. 4. He promised there would be no U.S. Central Bank Digital Currency (CBDC) on his watch. 5. He vowed to free the silk road creator Ross Ulbricht who is currently serving a double life sentence in a Federal Prison for his involvement as founder of the silk road platform (which sold illegal items via CRYPTOCAP:BTC transactions and was shut down in Nov 2014). Ross was aged 30 at the time, and is now 40 and served 10 years jail time for setting up an illegal internet enterprise system. 6. Trump pledged to fire Gary Genlser on day 1 of his term.... Gary is the Chairman of the Securities Exchange Commission (SEC) and has been a major obstacle to crypto acceptance and arguably illegal obstructive towards the approval ETF's, to the point an U.S. federal judge stated the following: " the SEC's reasons for denying an application by Grayscale Investments to list a bitcoin spot ETF were "arbitrary and capricious" and in violation of federal administrative law." Final Note Obviously, all of the above is incredibly bullish, however it also hinges on Donald Trump being elected. Whilst this appears to be a certainty, recent events could have altered history. Just something to keep in mind. At present, the chart looks incredibly bullish and like we are entering the most bullish period in crypto based on last cycles. Hang onto your handle bars, things look like they are about to really kick off. PUKA
CRYPTOCAP:TOTALLong
by PukaCharts