Short term bull, mid term bear, long term bullI've had a look at the total crypto market cap excluding BTC.
One should always be careful with being too specific in it's guesses about the price action.
This idea is very specific and will therefore with 100 % certainty be wrong.
I do think that we are looking at the end of the current rally and that we will need 5-9 months to calm down again. Ultimo 2024 or Primo 2025 we could start a new rally towards excellent hights.
TOTAL2 trade ideas
TOTAL2 Market CrashHere is the dynamic that is playing-out:
1) A strong rise; great; bullish.
2) The up-move stalls. The action goes sideways and the rounded top appears.
3) The action moves below EMA10.
The bullish momentum is lost. Bearish potential develops.
The dynamic goes from bullish to bearish.
Still technically bullish but with bearish potential.
Early bearish signals are already in place.
4) RSI enters the bearish zone.
5) EMA50 challenged multiple times as support.
👉 A market crash is expect to happen next.
It can take days to gain full momentum but the drop will be big within days.
The end of the month shall see red.
Bloody in March.
Prepare accordingly.
Namaste.
Altcoins Next weeks...Hello,
Not sure for you but crypto Alts look like they are doing down. Stock RSI exhausted (People think that crypto is expensive for what it is right now. Ichimoku points to a reversal starting tonight to tomorrow.
NOT SURE AT 100% but I would say 75 % positive it is going down, but I need a little more candles to be able to confirm this theory. I wasn't planning on doing this but here we are ... People is interested to know, so I will try to deliver.
Specific pair to check ? if enough want it, I will check it. (not too much time on my hands but will choose the one lots of you want.
Good luck
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.
TOTAL 2 - Feb/Mar 2024 Key Months for bullish price action TOTAL 2
Crypto Total Market Cap Excluding BTC
✅Above 100 week SMA
✅End of 149 week Cycle (new bull cycle starts)
✅Break above POC
🚨One last pull back (Make it count)
March 2024 is looking like a key month
(You have 4 weeks ~ dip the beak)
We watch for a failure too, if we lose the 100 week (first warning) and if we exit the lower pennant with a close....GET OUT.
PUKA
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.
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Total Crypto 2 (alt coins)this is a very simple idea of the kind of retracement that could be bullish for alt coins
if it doesn't manage to hold support, then it'd be bearish, a short period of time, until a huge liquidation happens and quick buyback happens
if support holds and we get one of these 2 pull backs, then alt coins will continue to rally
Educational purpose only
nfa
TOTAL 2 Cycles SynchronizationHere is the Cycles Synchronization of Crypto Total Market Cap Excluding BTC (TOTAL 2). At some point, between mid november and mid december 2025, I do expect around 3.5T Market Cap to be the top for the cycle. 1 year later, the Market Cap could be at around 1.5T, I think.
Will follow with interes...
When will be altseason?Hello, Skyrexians!
You know I have been waiting for altseason, but recently a lot of influencers talk about it and now I have some doubts that this altseason will be soon. Market have to make them disappointed before. Current TOTAL2 chart tells me that altcoins will pump in the upcoming month but not that much.
True altseason in my opinion will be only after a strong correction to 0.61 Fibonacci.
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