HAMMER TIMETotal 2 has almost printed a hammer, falling slightly shy of the mark with somecandle body just below the 618. It has formed at the VPOC and will likely get strength from the ETH hammer. Stay sharp!
TOTAL2 trade ideas
total2Total Index Two Crypto Total Except Bitcoin
The overall status in the weekly descending time - RSI is also within the Birish area
The point we have in the past is that the candlestals are only infiltrated into the area and move upwards after a few re -candles and above the range.
For now, we can expect to have a re -test of the 2, which could cause a further downward trend for the queen, and may be expected to climb after reaching this range, but with re -examination.
Altcoin Market Cap Potential through Wyckoff Analysis 📊🚀📉 Wyckoff Analysis Refresher: Wyckoff analysis is a method for understanding the phases of price movements in markets. It encompasses Accumulation (a period of smart money buying), Markup (bullish phase), Distribution (smart money selling), and Markdown (bearish phase).
📈 Applying Wyckoff to Altcoins: We can adapt Wyckoff analysis to the altcoin market. Accumulation represents the phase when astute investors accumulate altcoins at low prices. Markup follows, with prices surging as the broader market catches on.
📉 Distribution and Markdown: After a substantial rise, we may see distribution, where early investors start selling. Markdown is the subsequent bearish phase when prices drop.
🚀 Assessing Market Cap Potential: By analyzing altcoin price movements within these Wyckoff phases, we can gain insights into their market cap potential. If an altcoin is in the Accumulation phase, it may have untapped potential as smart money accumulates.
💡 Key Takeaway: Wyckoff analysis can guide your altcoin investment decisions. If you identify an altcoin in the Accumulation phase, it might be a promising long-term bet. But remember, thorough research is crucial.
🔮 The Future Unveiled: Keep in mind that markets are dynamic, and past patterns don't guarantee future results. Wyckoff analysis is a tool to aid your decision-making, not a crystal ball.
In conclusion, applying Wyckoff analysis to the altcoin market can provide a unique perspective on market cap potential. Recognizing which phase altcoins are in can help you make more informed investment choices.
Stay analytical, stay vigilant, and remember – understanding Wyckoff principles can empower you to navigate the altcoin landscape with a strategic edge! 🚀📈
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TOTAL2 ANALYSISCurrently, it is trying to hold above the EAM200 and trading below the descending trendline.
We've to keep an eye on a solid breakout of the descending trendline which would be a further bullish confirmation after news
TOTAL2Hi, look at my previous analysis and gain your profit :https://www.tradingview.com/chart/TOTAL2/wiOqP9Jb-TOTAL2/
.....me personally took some of my profits off the table like polka dot but i think due to big bounce in bitcoin we can see second target in total 2 .....then we can take off some or profits but let our other coins like uni swap and ltc run more .....
Good luck
TOTAL 2 S&R>>>>>>I Have Tried My Best to Bring the best Possible outcome in this Chart.
In 588 long and below 480 short.
For short term trade setup.
All important support and resistance's in Short -Mid - term marked on the chart.
It's Not a financial advise.
PLZ DYOR
With hopping succes
Altcoin Cycle TopsAlthough everyone is currently in search of the 'Cycle Bottom', I thought it just as interesting to point out an observation on the TOTAL 2 (Market Cap without BTC) chart, which has the potential to be a big insight into the next 'Cycle Top' for Alts.
Although some Alts may have topped in May '21 (before the feeble 'blow off top' we had in November '21 last bull run), I think this chart could still be intuitive for ascertaining an edge to taking profit next time round.
It's intrigues me to see that the last 2 Altcoin Market Cap 'Cycle Tops' indicated on this chart, have come 550 days (78 weeks) from the previous Bitcoin halving!
Granted, many macro factors come in to price at cycle highs and lows, but the 'Bitcoin Halving' will always be the most influential pivot when ascertaining Bear and Bull trends in this space.
If this is anything to go by, October '25 could be the next Altcoin Top should history wish to maintain recent habits.
One big glance at all ALTCOINS Bullish or Bearish?In this video i analysed from top to bottom what to expect for the altcoin. There are 3 scenarios in total one being bullish in a short to midterm and 2 bearish in the mid-long term.
This analysis takes into consideration the classical analyst view and the price action analyst.
TOTAL2Hi everybody ,, as you are seeing on my chart ,,, i will unload my all nibbling alts positions around that TOTAL2 resistance......
Good luck
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.
#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!
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.
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 luck
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.
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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.
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.
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!!!
Altcoins Marketcaps TrendDistribution will continues until Halving time (4/2024), and after that the marking will growth up incredible as my prediction
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 earlier
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.
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