TOTAL2 trade ideas
mini alt season?as btc dominance comes into some resistance we could see a little alt season, alt coin market cap is showing the same pattern on the weekly as btc did. big falling wedge with a inverse head and shoulders. we definitely need to hold the 200 week moving average (red line) as long as we can hold 200 wma we are in decent shape for now. the neckline will act as some pretty good resistance.
#TOTAL2 #LQR #TOBTC #LaqiraProtocol TOTAL2 (symbol of all currencies except Bitcoin) In the 1 hour time frame after the strong Break some altcoins were pumped in the 4-hour timeframe, if breaking dynamic resistance and stabilizing the altcoins will create a good position for the growth of altcoins This analysis is not an offer to buy or sell
TOTAL 2 ANALYSIS (1D)We see a lot of bullish signals on the chart of altcoins and bitcoin, but total2 says something else.
We should keep an eye on this chart because it is a way forward. The red area is really where total2 can go downhill
After the completion of the e wave of the big D wave triangle, we prepare for the descending wave E
The time frame is daily and time consuming
Total 2:562 is an important line, I will wait, close the candle above it, I am going to open a long position on altcoins, open a short position below 546, you want to wait for it to test again on the clock, it is not my strategy, maybe your reaction strategy is effective, I am in the direction I'm trading, I'm not in a position to comment
Total 2:Open a short position below 546.907, which means the correction of the coins. If the Bitcoin Dominance goes up when the bottom falls, the altcoins will not correct anymore, they will fall. You can go to open a short position on the altcoins. If the coin breaks the shoe, it means start turning green, the altcoins will drop. If one percent drops, the altcoins will drop five percent. It will be risky for a long position above 552.394, but if you want a safe point, form a box after it suffers. Open 562 long positions
After 617, altcoins start to explode
ALT-SEASON or NOT ? ALT-SEASON or NOT ? So how do we understand this? Altseason
To understand this, I checked the whole market by doing very detailed study. I share the charts that I find important on the subject.
The most important charts are:
1-) Btc Dominance
2-)Eth/btc
3-)Eth/usd
4-) Total2, Total3 marketcap
5-)Others dominance
6-)Others marketcap
7-)BTC/USD
8-)XRP/BTC
9-)LTC/BTC
I recommend you to check all charts to fully understand. And thank you
1-) Btc Dominance
First one, btc dom. I dont except impossible levels like 60-70. Looks like we have come to end of the road 🗡 ready >>>waterfall
2-)Eth/btc
The rise of ETH means the rise of altcoins. Strong Eth= strong altcoins
ETH/BTC Most important chart imo. We have to save green line !
3-) ETH/USD
ETH/USD
4-) Total2 marketcap/ exclude btc
Total3 marketcap/ exclude btc and eth
5-)Others marketcap 1w
6-) Others Dominance 1w
7-) BTC(USD
8-) XRP/BTC
9-)LTC/BTC
Conclusion : I think the real rise of altcoins will be in 2024. This does not mean that we will not see any increase in 2023. But my main strategy is to collect in 2023 and sell at the end of 2024.
These charts are more meaningful when they come together and form a whole.
TOTAL2 LONG IdeaWe can see a clear Inverse Head & Shoulder Pattern that broke up, the long target is just at MA200 in 4hours chart. We should wait for retest confirmation to open long positions on Altcoins. Remember to manage your risk and Use stop lost in all your positions. I will update this Idea later.
Reversal head and shoulders pattern on weekly time frametotal 2/W
Altcoins index (the total volume of the money market other than Bitcoin)
In the weekly (long-term) timeframe, what the chart shows is the formation of a bullish inverse head and shoulder pattern. Of course, the pattern has not been confirmed yet and it is not possible to comment much on it, there is only a possibility that if this happens, we can see a very good growth in the market as a whole. Of course, altcoins are currently being reformed.
Pay attention, friends, the analysis time is weekly and takes a lot of time...