Total 2The recent pullback in the overall market value of Altcoins can be interpreted as a strategic re-test of a crucial support level on a higher time frame (HTF). The HTF support is a long-term support level that represents a significant point in the market’s historical price action.
Currently, the market value is holding above $700 billion, indicating that the HTF support is providing a solid foundation for the Altcoin market. This level is crucial as it has historically played a significant role in determining market trends. The ability to maintain a value above $700 billion suggests a potential resilience in the Altcoin market.
ETH, Ethereum, BTC, Bitcoin. Cryptocurrency, s4style
Looking forward, the next major technical challenge is expected around the $1.2 trillion mark. In technical analysis, round numbers like $1.2 trillion often act as psychological resistance levels. If the market can successfully surpass this level, it could indicate a strong bullish sentiment and potential for further upward movement.
Traders and technical analysts closely monitor these key levels to make informed decisions. The successful re-test and holding above $700 billion suggest a favorable scenario for Altcoins, but attention will be keenly focused on how the market reacts when approaching the $1.2 trillion resistance.
Totalmarketcap
TOTAL2 - Market Cap BOOMThe current structure forming at this low is very similar to the structure that formed very early in the crypto market (45M) which led to a bull market towards (428B). I believe we will see another massive growth period pushing the market cap excluding Bitcoin well into the T areas.
Bitcoin Turns Down For Deeper Correction. Strong Support At 40k.Stocks are coming down at the start of January as some portfolio adjustments and profit-taking occurs at the start of a new year to avoid 2023 tax year. We can also see some dollar rally, but normally these flows at the start of the year are temporary and can be reversed later this month when flows will normalize. We also have a FED minutes today, but US PMI and NFP much more important this week I think.
Looking at bitcoin, its coming sharply down on speculation that SEC will reject ETF. Some nice support is at 40k.
Arb-pumps- Total Market dumpsI have just laid out that when Arb is pumping, more often than not the total market dumps. I have added Solana chart to confirm that it is not happening with Solana at least this time. Also confirming that we no new money, at least not as we had in 2021. I hope this helps, if total3 without stables crosses 375B, it is more likely going to dump further.
TOTAL2 - Familiar Bottoms The bottom formation on TOTAL2 is something that has been seen before
At the beginning of the run TOTAL2 skyrocketed from 42M to 424B. I expect this to happen just on a slightly different scale.
It may stay within the green channel that I have drawn.
Very bullish right now.
Crypto Total Marktcap --- suggests pullback is occuring.Shorts have been getting their pants pulled down for too long :)
We may have reached a point where a pullback may be necessary and even healthy.
(Some coins will still do well of course, but will be fighting the general tide of the market)
Included a couple zones where could correct to.
TOTALTOTAL
TOTAL is the total market capitalization of all cryptocurrencies.
On the chart, after a long accumulation since May 2022, we see the first glimpses of growth, as on TOTAL2.
For overall growth, you need to break through the red resistance at 1.281 and gain a foothold above it. After this, we will have the opportunity to take the following targets: 1.434 - 1.63.
There are no large volumes up to the level of 1.63. We are currently monitoring the situation.
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Its time to reveal the truth. We about to take OFF !Hey everyone,
Im not that active as I would like to be because Im bussy doing other stuff then just investing and traing but I feel sad for many people turning bearish now so I thought
I might reveal the truth !
This might be a massive BEAR TRAP and that we are going up or pass the 10 Trill exclude BTC in next bull cycle which allready started months ago, but majority dont accept it until they see ATH ( This is where majority of retails start to buy)
When you see media joining we are close to the top ( Just so you know)
Lets make it simple and not overcomplicated with trillions of indicators and charts newbies cant actually even read. FOLLOW THE TREND & THE MONEY FLOW
For thoose thinking this is some random :shit: I dont appear here everyday but on important events to try rescue as much people as possible.
Stick with the long term plan and stay SAFE !
Keep in mind that there might be a pullbacks/corrections but that doesnt instantly mean the trend is turning bearish so PLEASE DO NOT FALL FOR BEAR TRAPS !
Wish you all the best.
Cheers
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Total3 Chart Analysis: Strong Resistance! 📉⚠️Today, let's turn our attention to the Total3 chart (excluding BTC & ETH), where a compelling narrative unfolds. The chart currently finds itself in a precarious position, trading within the vicinity of a significant resistance zone. Caution is advised, as potential corrections may be on the horizon. Here's an in-depth analysis of the chart dynamics and what to anticipate in the coming sessions. 📊🔍
Analyzing Total3 (Exclude BTC & ETH): Charting the Resistance Zone
Encountering Strong Resistance:
Critical Zone: Total3 is navigating a zone of formidable resistance, marked by historical significance on the charts.
Chart Context: This resistance is crucial as it has played a pivotal role in the past, influencing market dynamics.
The Challenge of Overcoming Resistance:
Testing Bulls' Strength: The current scenario poses a challenge for bulls, as breaking through this resistance demands considerable strength.
Potential for Corrections: The prolonged interaction with this resistance zone raises the likelihood of corrections or a pullback.
Anticipating a Retest:
Trendline Retest: The analysis suggests an imminent retest of the trendline previously breached by Total3.
Validation Check: A successful retest would validate the strength of the breakout, offering insights into the sustainability of the upward trend.
Cautious Approach for Traders:
Risk Management:
Protecting Gains: Traders should consider implementing robust risk management strategies to protect gains.
Volatility Awareness: Acknowledge the potential for increased volatility, especially around the resistance zone.
Watching Trendline Dynamics:
Retest Confirmation: A confirmed retest and subsequent bounce off the trendline would instill confidence in the continuation of the upward trend.
Failure Warning: Conversely, a failure to hold the trendline may signal a shift in market sentiment.
Conclusion:
Total3's encounter with a substantial resistance zone necessitates a cautious approach. Traders should monitor the dynamics closely, with a keen eye on the potential retest of the trendline. The outcome of this interaction will likely provide valuable insights into the market's next moves.
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#ALTCOINS are about to surge higher than your expectation!#TOTAL2 : Altcoin market cap retraced to the local trendline support we plotted a few hours back. Continuation is highly likely from here.
Now isn't the time to be scared of the dip; these are opportunistic moments.
My plan: I don't want to buy in aggressively right now. Instead, I'll ladder in partially in case we hit the lower support of $630 billion.
#CryptoNews 📈
Are you playing your cards right? #ALTCOINS🚀Are you playing your cards right?🌟
Altcoins must continue to rise while #BTC either moves sideways or corrects and maintains a sideways trend.
I will not give up on my altcoins for 3x to 7x gains while it can go 50x to 100x!
The chart you see below this post is like a lottery If you know what I mean! Things have changed my friends and you need to go with the trend.
I will be focusing on the latest narratives that drive the trend, whether it's RWAs, Gaming, or AI.
You need to adapt to the trend.
💡 Let's learn from past missteps avoid taking random trades and move strategically.
Money is transient, but the next 2 years hold life-changing potential.
I'm dedicated to curating a portfolio of top-tier altcoins.
💡 If you are new, stop being degen, This is the best advice I could give you.
🔥 Bookmark this post!
Follow me and repost to know my carefully chosen altcoin picks.
Together, let's make the next 2 years not just profitable but extraordinary!
#altcoins
TOTAL MACRO ANALYSISTOTAL CRYPTO MARKET CAP;
-Has exploded since it entered into Ichimoku Cloud.
-Typically, we see prices reach the opposite side of the cloud.
-That area also lines up with the yellow neckline as resistance.
-I think we pump the remainder of the year for the most part.
-Could see a sell-off after the end of the year.
-I would think dips on the new year are for buying before the BTC halving
Please follow me here for more crypto analysis and a safer way to read charts to minimize risk.
**This idea is not financial advice, its just my 2 cents.
Thanks for your time!
~Cosmicbag
TOTAL2TOTAL2
TOTAL2 is the total market capitalization of cryptocurrencies, excluding the total capitalization of BTC.
On the chart, after a long accumulation since May 2022, we see the first glimpses of growth. 2 week green candles.
For further growth, we need to break through the green resistance and gain a foothold above it. After this we will be able to take the following targets: 733 - 834 - 899
If this happens, then we will see how all the alts will start shooting. In case of updates, we will definitely inform you.
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BTC Bull Run (2021 vs 2023)A comparison of the position of the chart when Bitcoin rises in 2021 and the extent of the impact of the acquisition on the market when it falls after the rise to the same current price areas of 43k.
While thinking, I received an alert notification from Trading View with news that intersects with the current thinking
News About at tradingview
and it is from cryptopotato cryptopotato.com
Author: Chayanika Deka
Market Cap SurgesThe Total Market Cap has successfully broken through a key resistance level that it had struggled with multiple times, signaling a positive upward momentum.
The market is currently on a strong upward trend.
After surpassing this resistance zone, it is expected to continue rising until it reaches the next significant supply area, around the 1.530 trillion dollar mark. At this point, we might see the market take a breather, potentially leading to a slight pullback in prices as part of a natural market correction.
This analysis is for informational purposes only and should not be considered as financial advice.
BULLS TIME IS SWEET BUT...The Total Crypto market cap hit 1.5T
The signs has always been there.
But i want to share this tips.
You are going to enjoy bulls but you will pay more to transact and this is why i am looking forward to all the L2/ZK/Op protocol hype and see how all of that benefits Defi/cross-chain transactions.
Will be on the look out for the best L2 solutions during this period!
2 things:-
* speed
* cost