TOTAL2 trade ideas
MT. GOX IS STARTING ALTCOIN SEASONMT. GOX will start distributing BTC and BCH in early July 2024. With this news, investors have started selling BTC and switching to altcoins. The altcoin season has officially begun with the attractiveness created by the fact that most altcoins are at or below the prices of BTC when it was 15,000$.
Disclaimer: This is not financial advice. Please do your own research before making any investment decisions.
TOTAL2 - Support Test of This Curved TrendThis curve has been the dominant trend for awhile now and I think it will be used to push TOTAL2 higher.
I believe we are at the early stages of a larger bullrun and this trend will aid in furthering the bull market.
Three circles show bounces off the middle of a down channel drawn against the tops of recent highs.
Personally im still bullish.
4Hr Chart.
The Bullish Cycle for Altcoins Season!Some summaries, not investment advice.
2017 was the ICO era, and public fundraising directly replaced VC and PE, so the bull market in 2017-2018 belonged to the OG platform and proxy investment. As long as you grab a share, you can make money.
In 2021, DeFi rose, and the actual market began to diversify and divert. As long as you run fast, you can make money.
At that time, IEO could also negotiate with the project party to release a part of the shares to users, so the general pricing was low when it went online, and buying new instead of old was also a typical feature of this period.
But now IEO is generally considered to have legal risks in most countries, so it can only be airdropped and market-priced, which means that if the circulation is large and the opening price is low, the project will perform relatively steadily, such as BB and Lista, but compared with 21 years, it is still too fast and lacks a sufficient wash process.
The rise in 2024 was initiated by BTC ETF. The smart money in this wave belongs to the king-level projects and Lumao Studio. They love each other and have created a wave of beautiful data together. On the one hand, the project parties can raise more money from VCs (if you observe the top VCs in the market, they are all over a billion US dollars, which will indeed push up the pricing of good projects), and on the other hand, the project parties with money and users are full of confidence. There are millions of users on the chain. It doesn’t matter if they don’t go on a certain platform. There are many CEXs to go on. If there is no CEX, there are still DEXs. At worst, there are Dexes on their own chains.
Trading platforms do not have pricing power, so for projects with high valuations, everyone should look at the fundamentals, not just the market value, but also the circulation.
Today, the market has indeed changed again. The fratricide between Lumao Studio and L2 projects has turned into a farce, and the Lumao era may be coming to an end. At present, there are more professional players in both the primary and secondary markets. They have various tools to hedge risks, but they have also expanded the market size. As an ordinary investor, the ICO in 2017, the IEO in 2021, the nesting dolls, and even the 2023 strategy of making money may not be suitable for today's market.
Is it a healthier market if there is a lack of VC investment and fewer project parties? In every cycle, there will be some projects that cross the bull and bear markets, and there are also countless king-level projects that fall on the road. Whether it is web2 or web3, there are very few successful startups, and projects that cross the gap and cross the cycle are even rarer.
Investment is risky, so be cautious when entering the market.
CRYPTO TOTAL EX BTCALL trading ideas have entry point + stop loss + take profit + Risk level.
hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. Please also refer to the Important Risk Notice linked below.
Disclaimer
what is going on in crypto market?!hello guys!
today crypto market has gone down a lot!
let's look through the details:
Today's crypto market experienced a bearish trend, with Bitcoin (BTC) falling to $65,000 and Ethereum (ETH) declining to $3,428.45. Altcoins like Solana (SOL) and meme coins Dogecoin (DOGE) and Shiba Inu (SHIB) saw significant drops, while XRP defied the trend, rising slightly.
The global crypto market cap dropped 3.14% to $2.35 trillion, and market volume surged 104.01% to $94.07 billion, influenced by the U.S. Federal Reserve's hawkish stance.
Key Prices:
- Bitcoin (BTC): Down 1.39% to $65,374.98.
- Ethereum (ETH) : Down 4.39% to $3,428.45.
- Solana (SOL): Down 9.25% to $134.26.
- XRP: Up 0.33% to $0.4893.
Meme Coins:
- Dogecoin (DOGE): Down 9.74% to $0.122.
- Shiba Inu (SHIB) : Down 12.12% to $0.00001802.
Top Losers:
- zkSync (ZK): Down 30.23%.
- Fantom (FTM): Down 20.69%.
- Ethena (ENA): Down 18.89%.
- Starknet (STRK): Down 17.82%.
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let's come back to Total2:
description:
The **Total2 Index** is a cryptocurrency market index that tracks the total market capitalization of all cryptocurrencies excluding Bitcoin. This index provides a way to measure the overall performance and trends of the altcoin market, without the influence of Bitcoin's market movements, which often dominate the crypto space.
By excluding Bitcoin, the Total2 Index gives a clearer picture of how the altcoin sector is performing, helping investors and analysts understand market dynamics and the relative performance of various other cryptocurrencies. This index can be particularly useful for those focused on altcoins or looking to diversify their portfolios beyond Bitcoin.
technical analysis:
the previous leg Was corrected until 33%, so it seems the next legs become more bullish, and this index will touch the $12.9T area as well, but it's fine if it becomes a little bit bearish until touches more than 480b area, we can consider on an upward movement!
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Bears Won't Win...After going over charts I think I'm seeing things clearly for what they are - Yes we can fall more in the short term but it's only another buying opportunity if it comes and just means the bull cycle will start from a lower base and last longer - I'm anticipating full on FOMO to come into these markets like we saw in 2017 gl.
Worried about holding Alts? Remember this chart!
The Alt market cap is currently showing strong support around the $1.112T mark. After a decisive breakout from the descending channel, we are now seeing a period of consolidation. This suggests a potential for further upside if support holds.
📈 Key Observations:
- Breakout from the descending channel indicates a bullish trend reversal.
- Support around $1.112T is crucial; maintaining above this level could lead to further gains.
- Watch the weekly close for confirmation of this trend.
Stay vigilant
Do hit the like button.
Thank you
#PEACE
'Inexperienced retail' 'Hodlr' playing with circles top guessJust playing with circles trying to find the alt market's geometrical blueprint and underlying framework it's going along.... From the first time I played around with the charts I became aware of some kinda pattern BTC was following by stacking parallel channels along certain trend lines. In doing this, i realize that there is probably several and more intricate geometrical shapes the overall charts are following. So, with me having no traditional TA experience, my whole approach to looking at the charts is just trying to find the underlying 'macro' geometrical framework that the price appears to be following. In this case, i'm just playing with circles and guessing a possible optimistic shape.... With that being said I could be totally wrong.... But, I'm guessing a July 25th top, then another Top around January 13th .... Just a guess tho, I reserve the right to change my prediction in the future. "The list is fluid" - Stephen A Smith lol
TOTAL2 - Looking at the RSI I expect a continuation pattern on the Weekly RSI with the circle being the comparable point in the bull run.
The RSI shows a large W pattern and we are experiencing the bullish right arm of the W
I think we are bullish until next year easily
This is the altcoin market cap