ALTS MARKET CAP ANALYSIS - 1DThe ALTS market cap is currently consolidating within an ascending triangle pattern
A decisive breakout above this resistance would confirm a bullish rally in the ALTS market, while a breakdown could indicate further consolidation or a potential pullback. Patience is key as we await confirmation of the next trend direction.
TOTAL2 trade ideas
TOTAL 2 breakout soon!!I believe we're headed for one more dip in altcoins before we break out of this triangle pattern, potentially targeting a market cap of $1.6 trillion. This could lead to 3x to 6x gains across the altcoin space.
We're currently in the final stages of the Wave 4 pattern, and as it concludes, Wave 5 is set to emerge as the next phase.
TOTAL2 update - Oct 22 2024It's clear that TOTAL2 faced resistance in 980B level so the dump in most altcoins is no surprise.
Analysis suggests that TOTAL2 is heading for the lower trendline but if the trendline gets broken, intense sell pressure will probably appear in the market and coins will dump more.
If the trendline holds well, it's possible to see some nice pump in the entire market following the breaking of the upper trendline.
ALTSEASON is starting. Pick your alts!This chart shows the Crypto Total Market Cap excluding BTC on the 1week time frame.
We are at the part of the Cycle where, after a very long accumulation, the market posted its usual Bull Flag that historically precedes the final 1 year rally.
Get ready for aggressive gains on alt coins.
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Total 2 MA200Regarding the prevues analysis which i shared with you guys , Total 2 is trying to reach out to MA200, i believe the reason it didn't hit it yet is because of Ethereum movement which its so slow and heavy, but it(ETHUSDT)has been hit the MA200 so we can expect the rest of the Alt Coins to start moving upward at least to their MA200 area.
will update you again when i want to open the long position on the Alt coins that i am watching.
cheers and have a successful trades with money management and risk management.
Regards
#ALTSEASON is Coming! Don't Fall for the TRAP!I'll keep it brief—it’s all in the chart. TOTAL2 is simply retesting after breaking above the 50-weekly EMA, a historically strong signal for timing altseasons. The falling wedge pattern should break in the coming weeks with an impulsive move.
Current price action seems like a shakeout, pushing out weak hands right before the major rally everyone’s been waiting for.
This is not financial advice—DYOR—but IMHO, this is the worst time to give up. Being out of the market is riskier than holding, no matter how down your altcoin bags are.
Cheers!
Hit the like button If you like it, I'll be sharing more altcoin charts soon. Stay tuned!
#PEACE
TOTAL2: Perfect Descending ChannelThe TOTAL2 Index (Crypto Total Market Cap Excluding BTC), after producing a major bullish cycle, is moving within a perfect descending channel.
As it moves down, it retraced back all the way to the level it traded back in January 2024.
And we ask, how far down can it go?
The index shows all the Altcoins together. If we were to look at the pairs individually, some are trading pretty high while others are pretty low. Some moved first, while others stayed behind.
The Altcoins that went ahead are trading near the same prices they traded back in September 2023. This is the level we can expect this index to hit in the coming weeks.
Namaste.
Q4 2024 Altcoin bull start📌701 days between December 2018 local bottom and November 2020!
📌701 days between November 2022 local bottom and October 2024!
-The bull run was started after the US presidential elections on November 3, 2020
Following the US presidential elections to be held on November 3, 2024, it will be the beginning of the 2024-2025 bull run for #bitcoin and especially #Alts.
Total 2 Index: Bulls Take a Pause, Key Support Levels to WatchThe Total 2 index reached the specified target in the range of 972 billion dollars.
By examining the chart of Total 2 in the 4-hour time frame, we will see that this index has already started a correction process. It is expected to start the upward trend again if it is able to maintain the defined support areas (885 and 831 billion dollars area).
It should also be noted that with the increase of this index, the trend of altcoins will be upward and with the decrease of this index, the trend of altcoins will be downward.
Do you think Total 2 will be able to maintain the support levels and resume its uptrend?
ALTCOIN MARKET UPDATEALTCOIN MARKET UPDATE
this is the bullish option obviously. that long term momentum looks,,, well placed. nicely shaped.
zoom in for various fractals; will be tracking them to see which one fits best but they share quite a few key targets.
that is if the bull is in control here.. pretty convinced.. guess it depends on the US election, ukraine etc
gl
$TOTAL (2) with the repair & medium time-frame break-out. CRYPTOCAP:TOTAL (2) with the repair & medium time-frame break-out. ✅
Posting Total2 as it beats Total and Total 3 from a charting perspective.
ETH/BTC bottomed? 💥
Still expecting strong moves from CRYPTOCAP:BTC as well. Tides seem to be turning here.
ALT-COIN BULL CYCLE HAS BEGUN AS THE FEDS CUT INTEREST RATESAltcoin Market Cycle (ALT - SEASON) is about to take off as the feds just cut interest rates by 50 BPS for the first time since March 2020 and the charts agrees with that idea
I have seen this pattern play out over and over again before a parabolic run up in so many crypto like NYSE:SAND and even MARKETSCOM:BITCOIN in this previous run up
We first see a Falling wedge breakout and then it goes on to form a cup and handle before the fireworks begins, you should start researching about your favourite crypto and buying them up
Be Ready!
TOTAL2 market bullish. Altcoions are back in the game
The first 30% of this bull run has been dominated by the CRYPTOCAP:BTC and ETF narrative. A massive FOMO, unprecedented, has propelled CRYPTOCAP:BTC beyond its all-time high (ATH) even before the halving. However, when retail investors began purchasing at prices above 70k, smart money decided to take profits, leading us into a downtrend for BTC.
We are now witnessing the end of the ETF-induced FOMO for Bitcoin and a return to a fundamentally stronger bull run.
Adjusted for inflation, we are actually only 30% into the bull run cycle, just after the halving and before the parabolic move of BTC. This retracement might go lower, as the expectations for the ETF were so high that the retracement could be quite substantial.
Is it time to sell all your BTC and wait with cash for the bottom? Some might do that, but there is a risk: missing the recovery. Everyone has to sleep, and this can happen in hours.
Some smarter investors have noticed that the altcoin market has basically been stagnant, with a 100% increase while BTC was soaring by 300%, and has been largely ignored because the focus was all on BTC and the unrealistic ETF expectations.
These smart investors are seizing the opportunity to buy great projects at bargain prices and are poised to make substantial profits. Money is moving from BTC to altcoins, and I believe this trend will continue, since BTC lacks a compelling narrative.
While BTC is resetting and gearing up for the final parabolic move, altcoins will become very attractive, and smart money will invest in solid projects, memes, and everything else that has been overlooked.
I predict we will have two altcoin seasons, one starting now while BTC is resetting, and another after BTC reaches its peak and begins to fall into a bear market.
Investing in solid and low-risk altcoins like CRYPTOCAP:PEPE , SEED_DONKEYDAN_MARKET_CAP:BONK , CRYPTOCAP:SOL , CRYPTOCAP:AVAX , CRYPTOCAP:INJ , NASDAQ:OP , NYSE:SUI , CRYPTOCAP:RUNE , etc., should be more rewarding than buying CRYPTOCAP:BTC in the next two months.
This is not investment advice, merely an opinion. Do your own research (DYOR), and remember that anything can happen in the highly volatile crypto market.