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Crypto Total Market Cap Excluding BTC, $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

📈 Crypto Total Market Cap Excluding BTC: Bearish Continuation We are going to be looking at this chart through candlestick reading for learning and entertainment purposes. —TOTAL2 Weekly Chart (Notice the numbers on the candles) 1) This is the peak. The candle closes red. The candle closes as a Doji. Volume starts to decline soon afterward. These are bearish signals. 2) This is the initial market reaction to a new peak being hit, a sudden sell-off. 3) The initial panic reaction is quickly erased but the ensuing candle fails to produce a new high. This is a failure to move forward. Works as bearish confirmation of the peak candle (1). 4) This is the initial move down. 5) This is the breakdown and bearish confirmation. 6) This is a bearish consolidation. See how the action is happening below EMA10. This consolidation will lead to a bearish continuation. A bearish continuation implies a lower low compared to the session 8-April (5). This lower low can find support around EMA100 or 750B, which means a potential 30% drop. —MACD Bearish cross The MACD bearish cross supports all the bearish signals mentioned above. Thanks reading. If you enjoy the content bless me with your boost/likes. Leave a comment with any questions, or feel free to comment if you have anything to share. Namaste.
CRYPTOCAP:TOTAL2Short
by MasterAnanda
6
Alt-coin market preparing for a 10x moveAmazingly everyone is still bearish. The ideas on Tradingview talk for a 30-40% correction as does much of social media. Popular cypto Youtube channels share a similar narrative. Terrific stuff. As a contrarian my opinion is very different from the crowd. Whether that be stocks or crypto. Am certainly walking in the opposite direction from everyone else. The above 4-day is chart is the Crypto market total without Bitcoin. Some highlights: 1) Price action has broken out of a 2-year resistance trend line. 2) The resistance has now confirmed as support. 3) The green line. This is the GRM. The Golden Ratio Multiplier. When price action closes candle bodies above here, big moves will follow. Just as candle bodies first closed under the GRM back in April 2022. Look left. Big moves come next. 5) The 10x comes from the the wedge breakout. The flag pole is used to measure the market top following a break of past resistance when the 2021 bull market began. A word of warning. The uptrend will not be equal across all alt-tokens, I'm quite certain of that. Throwing a wide net out across the market will not work as in 2017, you've got to be selective. Chose wisely! Is it possible the market corrects further? Sure. Is it probable? No. Don’t you just love recessions? Ww
CRYPTOCAP:TOTAL2Long
by without_worries
69