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Crypto Total Market Cap Excluding BTC, $Crypto Total Market Cap Excluding BTC, $Crypto Total Market Cap Excluding BTC, $

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TOTAL2 trade ideas

Navigating Altcoin Turbulence: The Descent of the Butterfly PattAltcoins, until recently soaring to great heights, now face the challenge of the descending butterfly on our chart. The Butterfly Pattern, symbolizing uncertainty, casts its shadow over the market, while Elliott's analysis suggests a potential return to position 4. But beware, position 4 is not the end—it's merely the beginning of a new story. Will Altcoins touch down or strengthen with the power of the descending butterfly? We await to see how this tale unfolds in the financial sky.
CRYPTOCAP:TOTAL2Short
by tvojBrat
2
The time to be bullish on ALTS is NOW.It hasn't been that long (October 05 2023) since we called for the start of a major Alt Season ahead: As you can see, we caught the absolute bottom on the 494.45 Support, a pattern purely modeled out from the January - April 2023 sequence. On today's market update we look it from a wider perspective by comparing the current price action to the previous 2 Cycles. Based on the 1W RSI and Gaussian Channel, the current market consolidation since December is very similar to August - October 2020, April - May 2016. We are above the Gaussian Channel, which turned green after the week of January 08, supported by the blue Lower High Support Zone. The 1W RSI has pulled back from the December 2023 overbought levels, which is again similar to the 2020 and 2016 sequences. We are basically on the symmetrical Support level where the past consolidations bottomed. As a result, the Alts Market seems to be around the lowest level one can enter before rallies similar to late 2020 - 2021 and early 2016 - 2017 take place. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CRYPTOCAP:TOTAL2Long
by TradingShot
2
TOTAL2All cryptographic formulations of money *except* BTC: I shared an idea recently in which I suggested January (and perhaps some of February) could be spent deviating beneath first quarter retracement. This idea came from the fact that in the last cycle there was a 9 week deviation beneath the first quarter before TOTAL2 reclaimed first quarter and then sent higher through its previous all-time high. One thing to note is that during that deviation beneath first quarter last cycle, price found support at the weekly 12 moving average, which happens to also be where price found support this time around, earlier this month. Perhaps that test of the weekly 12 moving average is a sufficient test of demand, and now that we reclaimed the first quarter retracement our bias should be that momentum to upside is likely to accelerate from this juncture, so long as we remain above first quarter. If we lose first quarter retracement we can reassess, but with weekly 12 moving average moving higher, soon to be above first quarter, time is running out for bears to smack us back down beneath first quarter. Also, important to note that with BTC ETF behind us, much of the speculation is likely to focus on everything but BTC (TOTAL2), at least until the halving narrative in late April, after which we may see a resurgence in BTC domination. So for now, the increase in speculation around everything but BTC is likely to propel TOTAL2 higher into halving imo. Also, worth noting that total time capitulation (in days since previous peak before marking up above first quarter) is roughly 1000 days currently, just like last cycle.
CRYPTOCAP:TOTAL2Long
by jhonnybrah
last push for ETH?Where are we in this cycle? I see a lot of discussion around this subject. People saying the parabolic move is about the start. I tend to believe we're not there yet. When we look at the total marketcap of altcoins, we can see this played out the same in 2020. Once we broke the bearmarket-high, we retested this zone as support, pumped a bit and correct after the second attempt. If history repeats, what it often does we see ether make a new high around 2550, and make a 30% correction after. I'll sell most of my alts if we see those prices. NFL.
CRYPTOCAP:TOTAL2Short
by MrOxodon
1
#TOTAL2 #AltCoins #Short #Crypto #Market #DUMP #Soon #Eddy#TOTAL2 #AltCoins #Short #Crypto #Market #DUMP #Soon #Eddy (("My analysis of Total 2 and altcoins is like this, from my point of view, it is possible to track the position of short selling transactions on most currencies in the market.")) - What do you think? Have you checked Total 2 in this time frame? Write me in the comments! - My confirmations are based on Wykoff's review of Bitcoin in multi-time frame, as well as Bitcoin and Tether's Dominance review. Its about Wyckoff ;-) (( BTC/USD )) latest update link :
CRYPTOCAP:TOTAL2
by Eddy_Trade_
TOTAL2/BTC: The Altcoin Bull Could Get VERY Wild 🚀Hi Guys, I've been away for the last month because I got banned and so i'll have to learn to save banter for other websites. This has only affected my TradingView content. TOTAL2/BTC is a really great chart for identifying the altcoin market cycle. And while I was away, a very key candle has printed on this chart. The chart is Bitcoin against TOTAL2. So it is Bitcoin against every altcoin. This allows us to see the ebb & flow of Bitcoin and Altcoins. I think that you really have to have a sense of humour to appreciate what is happening here. In terms of macro market sentiment, we're just taking first baby steps away from the recession narrative with many fundamental based traders were hoping that the catastrophic crash that Schiff, Prechter etc have been pipe dreaming for most of my life without success. Bond yields have been very high (which I will cover in a new thread soon), rising inflation leading to many rate hikes, and traders have been clinging to charts such as the Inverted Yield Curve that is touted as an accurate recession indicator by many Gurus. All of which was supposed to be very bearish for asset markets. But yet, under unwitting noses the crypto bull market has been sprouting and what I'm showing you here indicates that it is not only coming into full blossom, but that a very impulsive bullish wave is now underway. On the highest time frame, something very exciting appears to be happening. A long term three wave correction appears to have completed spanning back to the 2018 cycle end. And the correction is very shallow; especially the third wave that has only retraced to log 0.382; which is a very bullish ratio for continuation. Interestingly, the last altcoin bull market against Bitcoin began all the way back in 2015 where altcoins pumped a whopping 29539% against Bitcoin that itself pumped 12125% by cycle end. Now if we come down to a lower time frame of TOTAL2/BTC we can see that a very bullish Dragonfly Doji has printed plumb on the 0.382 retracement of the 2021 uptrend. We can think of the previous uptrend as a bull market but remember that it may in fact be a shallow correction wave relative to the overall trend. This Dragonfly Doji contains high volatility whipsaw and it is a shakeout pattern that has formed a pivot that we tend to see at market extremities. And we can also see this candle expressed inversely as a Gravestone Doji on the Bitcoin Dominance chart: Following the Gravestone Doji BTC.D is looking bearish; having fallen through the Demand Lines. Now again considering TOTAL2/BTC, its incredible to imagine that with all the enormous individual altcoin bull markets that happened in 2021, that they may in fact be part of a larger correction wave that would become a continuation pattern for a much larger and more impulsive uptrend... But that does appear to be what is happening. And this impulsive trend has begun only in the last few weeks. It will be the first highest time frame impulse wave since the 2016 altcoin bull market. 2024 may be extremely wild 🚀. Not advice.
CRYPTOCAP:TOTAL2Long
by dRends35
9