TOTAL2 trade ideas
TOTAL2(Altcoins)Hi, compared to last post about TOTAL2 :https://www.tradingview.com/chart/TOTAL3/4GKYIsCh-bullish-on-some-alts-really-short-term/
now I think it is risky area to going long on many ALts and caused by that i opened some shorts like eth and sol ,,,,, you see in chart total 2 pull back to trend line and i think next week will not be good for ALts ....
stay cautious.
Crypto Alts On Verge Of Massive Breakout Altcoins Market Cap Testing Crucial Trend line In 2 Days Timeframe Seems Trend line Is Weak & Cap Building For Breakout Incase Of Breakout Can Expect Massive Bullish Rally In Alts In Coming Days Also Alts Are Breaking Trend line s & Bullish Patterns I'm Expecting Massive Recovery In Alts
Get Ready for 2x Crypto Rally
Total 2:Open a short position below 550.050, but it is risky, with the failure of this point, altcoins will support and break, if you want to get an entry point, you should wait until 546.902
I feel that it doesn't matter if the market wants to fall or shake, today is Saturday :))
For a long position above 554.734, but I think it is more logical to ask after 555
TOTAL2 Ascending Wedge on the 1 Week!Cant believe I didnt see this earlier. I find this mind blowing. Pack the bags friends, we are at least looking at a 10x (66% chance to break down) but if she breaks above vertical resistance (34% chance) thing will get ridiculous. LMK what yall think about this chart, thanks for viewing it!
Best Regards!
Altcoins haven't stopped correcting
Altcoins had made a good recovery since the begining of this year. However, after touching the resistance of the current descending channel in mid April, altcoins have continued to correct. This correction was also confirmed with the rejection of CMF volume indicator by its trendline.
This week, the MA200D was broken down. This means that bears are controlling the game.
From my personal standpoint, alcoins' market cap (excluding BTC) would revisit the level at the end of laster year, in a few months. This means that they would lose 20%-25% of their current values. Reversal is expected to happen once the market cap see its support trendline. After that, altcoins would recover slowly when the BTC's halving approaches (end of April 2024).
What do you think about this analysis?