TOTAL2 - Retesting this Horizontal SupportTitle really says it all, simple support that is trying to be held. TOTAL2 has been sitting around 500 - 550B for awhile now which is a bullish sign. Patience pays. This is the 4Hr chart used to get a closer look at this support level. by Bixley0
#TOBTC #LQR #Total_2Support level for total 2 are important area which is 160 Day hold as a support zone next move to these support area may be a good spot trade on Alt's or ETH markets. DYOR!by tobtctrading2
Structural Similarities - TOTAL2The formation we are seeing now which is a potential bottom is similar in my eyes to what was seen before the massive moonshot on total2 post 2016 will there be a follow up run? I am very bullish right now on TOTAL2 and cryptocurrency. by Bixley4
TOTAL2Hi, based on usdt.d and total2 chart it is not far from logic to nibbling on some altcoin......just nibble....like xrp/Dot/uni/xlm/ada/matic/snx ....keep them in your radar.... Good luckLongby Logical_Markets0
Impact of Cryptocurrency Market Capitalization on Market DynamicIn the world of cryptocurrency, staying informed about market trends and indicators is essential for making informed trading decisions. One crucial metric that often goes hand-in-hand with market sentiment is the overall cryptocurrency market capitalization. This article delves into why keeping an eye on the cryptocurrency market capitalization is crucial and how it can provide insights into the broader market situation. Understanding Cryptocurrency Market Capitalization: Market capitalization refers to the total value of a cryptocurrency or the entire cryptocurrency market. It's calculated by multiplying the current price of a cryptocurrency by its circulating supply. Monitoring the market capitalization provides a snapshot of the market's size and valuation at any given time. The Impact on Market Dynamics: Keeping track of cryptocurrency market capitalization can offer valuable insights into market dynamics and trends. Here's why it matters: Market Sentiment Indicator: Changes in market capitalization can reflect shifts in investor sentiment. Rapid increases may indicate bullish enthusiasm, while significant declines might signify market apprehension. Market Trends Identification: Monitoring market capitalization over time can help identify trends such as bull markets, bear markets, and periods of consolidation. It offers a broader context for analyzing price movements. Relative Comparison: Comparing the market capitalization of different cryptocurrencies allows traders to assess their relative performance. It helps in identifying potential investment opportunities. Impact of Market Events: Major news, regulatory developments, or technological advancements can influence overall market capitalization. Tracking these changes can provide insights into market reactions. Market Liquidity: Market capitalization can also give an indication of the overall liquidity of the cryptocurrency market. Higher market capitalization often implies higher trading volumes and increased market activity. Conclusion: Monitoring the cryptocurrency market capitalization is an essential practice for traders and investors seeking a comprehensive understanding of the market's dynamics. It serves as a key indicator of sentiment, trends, and the broader market situation. Combining insights from market capitalization with technical analysis, fundamental research, and other indicators can enhance your decision-making process. As the cryptocurrency market continues to evolve, adapt your strategies to account for changing market conditions. Remember that market capitalization is just one piece of the puzzle, and a holistic approach that considers multiple factors is crucial for successful trading in this dynamic landscape. ❗See related ideas below❗ Follow + Like this post and leave a nice comment, it will allow me to move faster and make more useful content! 💚💚💚Longby Yaroslav_Krasko8
Total 2:placed in the box, open a long position above 581 and open a short position below 576by rmitaryan112
Analyzing Altcoin Market Cap with IchimokuThe price is within the cloud might signify a period of indecision in the market, with potential range-bound trading. The bearish Kumo crossover, along with the Tenkan-sen below the Kijun-sen, hints at a short-term bearish bias. Need watch for price movements with respect to the cloud's edges and the Tenkan-sen and Kijun-sen levels. Breakouts from these levels could signal the start of new trends. The Lagging Span below the price but above the cloud further supports the short-term bearish sentiment. MACD for the last few days underscores the weakening bearish momentum. Overall we may see a end of this bearish momentum, however need to be extra cautious with our positions since we are at the edge of the support.Longby TheAltcoinBuffUpdated 1
Total 2:This is the same Dominance Tether, I think the confirmation of Bitcoin is more important to me, the market should create space, open 561 short positions, but the same risk as Dominance Tether is more important for the long position of Bitcoin and old to Bitcoin.by rmitaryan1
TOTAL2 in the local purchase zone!!!The price left the global zone 369.475B-536.411B And the sweet shopping zone 419.04B-476.618B with a purchase level of 446.903B But it is still in the local zone 456.463B-585.45B BELOW!!! volume prices!!!, which is 557.033B And it all looks like a big accumulation zone!!! Attached TOTAL. A cool idea of a simple indicator based on TOTAL, TOTAL2 and TOTAL3 has also matured I'll give it out soon!!!by InHoldOut4
Altcoins Marketcaps TrendDistribution will continues until Halving time (4/2024), and after that the marking will growth up incredible as my prediction Longby LeonardoNguyen3
Alt Coins Market Cap AnalysisDirecting our focus towards the intriguing realm of the crypto market cap, excluding the behemoth that is Bitcoin, a fascinating interplay emerges within the altcoin domain. The altcoin market cap is ensnared within a range defined by $548 billion and $616 billion. The latter, $616 billion mark stands resolutely as an indomitable resistance, steadfastly impeding the ascent of altcoins beyond its bounds. Intriguingly, the altcoin market cap launched a valiant attempt at breaching this formidable barrier, only to falter and retreat into a position below it within a matter of days, marking a classic case of a false breakout. Recent market movements have bestowed the altcoin market cap with a rendezvous with the lower support, yet the impetus required to sustain a formidable upward trajectory appears to be lacking. Amidst this dynamic, a salient lower trend line assumes the role of support within the $523 billion to $525 billion range. Meticulous chart analysis augurs the onset of an outflow, projecting a departure of approximately $40 billion from the altcoin sphere, amounting to a substantial 8% diminution. The forthcoming trajectory will pivot upon the sentiment coursing through altcoin veins upon their interaction with the projected lower trend line. A prevailing air of bearishness is perceptible in altcoin sentiments, particularly underscored by the formation of lower lows, a striking parallel to the overarching trendline delineated earlierby LuqmanEjaz0
TOTAL2 Hi Folks, What is TOTAL2? 🔺For our new members: --Total: It is the data that shows the total value of the entire cryptocurrency market. --Total2: It is the data that shows the total value of all altcoins (excluding Bitcoin). 🔺Our Total2 data reached a record high of $1.70 trillion during the previous rally, followed by a sell-off wave that led to a drop to a local low of $435 billion. 🔺During this period, we witnessed many altcoins being delisted from the market or experiencing drpos of up to 90% in value, which was quite painful to watch. 🔺Technically speaking, we can say that this data set, which broke the downtrend, exhibited a consolidation performance in the first half of 2023. 🔺While tracking TOTAL2, we should not forget about stablecoins. It would be overly optimistic to say that the money exiting Bitcoin will flow into altcoins because we are currently not in a "bull rally" phase. The money leaving Bitcoin can also enter stablecoins. 🔺In the previous paragraph, I want to convey the following: It is now overly optimistic to say that if BTC.D (Bitcoin dominance) decreases, altcoins will rise. The money leaving Bitcoin may enter stablecoins, which could cause an increase in the TOTAL2 data, but it does not necessarily mean that altcoins will increase. Things to Know Before Investing 🔺In the second part of this article, we will discuss what needs to be known before making investments. 🔺First and foremost, we are currently in a consolidation zone from a technical standpoint, as you can see on the chart. The decisions of the Federal Reserve (Fed) will directly affect this consolidation process. Especially on the day this article was written, there is an 80% probability of a 0.25 basis point interest rate hike at the next Fed meeting. 🔺Even if the Fed ends the interest rate hike process, experts predict that interest rates will remain high until 2024, and 10-year bond yields are already above 3.50%. While interest rates are at such high levels, it is still too early to expect a significant bull season for risk assets. 🔺As if the Fed alone is not enough trouble, we also have the Securities and Exchange Commission (SEC) going after altcoins. In recent days, the SEC filed lawsuits against both Binance US and Coinbase. However, to understand these lawsuits most simply, it is necessary to look at the Ripple case, which has been fighting against the SEC for years. The outcome of this case is likely to set a precedent. 🔺There is one important thing not to be forgotten: Even ETH was distributed/sold at very cheap prices to raise the necessary funds during its initial sale (approximately 16%). Unfortunately, this harsh reality exists for altcoins, and unreliable projects are prone to failure. Bitcoin, on the other hand, stands apart from altcoins as it never had an initial sale. We will address this topic again in another article. Technical Data 🔺Altcoins haven't died; they are struggling to survive and providing buy-and-sell opportunities with high-profit margins to investors who use the right channels. 🔺Looking at TOTAL2, we can see that the downtrend was broken in January 2023, and it is consolidating and gathering strength before the next bull rally. 🔺$1.06 trillion is a critical pivot (fib 0.5). If there are closing prices above this level, we can say that the bull market has arrived. Otherwise, it will still present reasonable profit opportunities but will remain a reaction rally. 🔺Additionally, during the 2017-2018 rally, there were around 1,000 (let's leave the exact number to those who remember) altcoins, whereas currently there are over 25,000 altcoins. Choosing the right altcoin is crucial when there is a significant amount of money in the market. The number of slices in the cake has increased at least 25 times. 🔺Currently, the TOTAL2 data is testing the "AlphaTrend Sell Zone" resistance at $540 billion. If there are no closing prices above this level, selling pressure could increase. 🔺While the MACD generates buy signals, the RSI is struggling to break the 50-point resistance on the daily chart. If the RSI can close above 50 points, we can anticipate an acceleration in the upward momentum; otherwise, we expect increased selling pressure. Bonus Chart 1: BTC.D 1W 🔺Bitcoin dominance continues to increase. Closing prices above 50.15 points can push Bitcoin dominance up to 54 points, which is expected to hinder the strengthening of the TOTAL2 data. Bonus Chart 2: BTC.D vs ETH.D (Last 1 Month) 🔺In the past month, we witnessed Bitcoin dominance surpassing Ethereum dominance. But why? 🔺In its simplest form, we can say that the applications for spot ETFs for Bitcoin have played a role in this. Dear reader, if you have read this far, I'm sure you have enjoyed it. You can give me feedback by liking and commenting. And if you happen to click on the share button, you can share this knowledge with people in your circle and together we can become stronger.Longby BullfighterrUpdated 3312
TOTAL2Hello TOTAL2 has broken down an important trendline and all in all shows us that we will have super bearish market. Shortby satooshi1242Updated 3
Total 2:We came and hit a lower ceiling, of course, the shoe has not yet lost, the upward trend is weak, open a short position below 544, open a long position after 564, open a position with a large stop, do not open with a small stop, it is better not to open than open with a small stop Kennyby rmitaryan2
Total2 altcoin bullmarket around the cornerAltcoin chart looks ready to explode!!! Total2 almost in bullish teritoryLong01:44by carls1858113
Total 2:The head and shoulder pattern is activated, open a long position above 566, open a short position below 558, but it is not confirmed by Sifi.by rmitaryan1
Altcoins entry bearish wolfe is formed expect big correction and spring !by UnknownUnicorn5004553Updated 0
Total 2:head and shoulders, the target can be 2%, it went below 560, open a short position, open a long position above 571by rmitaryan1
ALT COINS are well supported, waiting for a new High.The alt coin market (TOTAL2) following April's break-out above the Falling Wedge of the Bear Cycle that started in mid 2021, has pulled-back, tested both the 1W MA50 (blue trend-line) and 1M MA50 (red trend-line) as Supports. Currently we are seeing the 1W MA50 holding, having closed the last 6 candles above it. The technical Resistance is the 1 Year Zone within 618 (where the price got recently rejected) and 700. On the long-term though, the Wedge break-out along with the formation of the Inverse Head and Shoulders (IH&S) pattern, targets much higher and more specifically the 2.0 Fibonacci extension at 1.135T. Note that in the meantime, the 1W MACD completed a Bullish Cross 2 weeks ago, the first this past year (since August 08 2022). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot4437
TOTAL 2 :Above 580, open a long position, below 562, open a risky short position, open a safer one below 560, for short positions, it is better to pay attention to altcoins.by rmitaryan1
TOTAL2 Crypto cap S&R>>>>>I Have Tried My Best to Bring the best Possible outcome in this Chart. All important area's in mid - short term marked on the chart. It's just reviewing crypto cap trend's. It's Not a financial advise. PLZ DYOR With hopping success>by imanff1