TOTAL2 trade ideas
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
Total 2:Open a short position below 550.469, open a long position above 562.941
For bowlers, it should start above 684. So far, the game is over
TOTAL2 - Daily Inverted H&SInverted head and shoulders structure is completing itself on the daily timeframe for the altcoin market cap (TOTAL2).
The right shoulder has potential to show extremely bullish results as is normal with inverse H&S patterns.
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.
TOTAL2After the 5 of C wave ends, I expect the price to rise. This descending wave is very valuable. I find it appropriate to buy in steps.
Total 2:If Bitcoin Dominance was not bullish, Total would definitely break 524, but if it breaks 524, it is a good confirmation for opening a long position, below 514 will confirm short position, but if you want to use Bitcoin, get confirmation from Total below 517.
Total 2:Because Bitcoin's dominance is upward, so we have to find a more reliable entry on the total, but the earlier entry is 524.187 for a long position, for a short position below 514.851
If bitcoin breaks sooner, I will open a short position sooner
Total 2:Open a short position below 500, open a long position after 513, focus more on Metaverse coins, but with capital and risk management.
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...
TOTAL2: brighter days for altcoinsJust by simple support lines (those are showing previous ATH) and trend line, we can see that TOTAL2 (market cap without BTC) is in very important zone.
We need to watch this zone and ask question:
Is altcoin bull market coming?
Total 2:It fell because Ethereum fell a lot, the rest of the coins also fell, but Ethereum fell a lot, and the entry point for the short position was also missed. Even if Total 3 falls, altcoins will fall another 50-60%, so it has important support ahead.
There is a lot of fear in the market, so it moves faster than failures
Open a short position below 500
DestinyIf Aker breaks the yellow channel from the bottom, he will enter the time correction because the daily support of the static box is blue phosphorus, and if he hits the yellow channel from above, it will grow to the range of 555 billion dollars.
Total 2:After 523.892 confirmation of the long position, it will give you a short position below 513.567
total2 proyectionthis is my pov about the total2. Here is the eth pain with other altcoins but what you can see here is that we will have cheap eth soon between september and december 2023.
TOTAL2 - Looking at the RSIDrawing channels on the RSI shows that we are nearly due for another up tick
This is the total market cap chart, TOTAL2
Weekly timeframe
TOTAL2 - Higher High Trend LineDrawing a trend line along the higher high that formed in prior bullrun puts forecasted MCAP at about 3T
The bars pattern might be a bit off but this is a massive move regardless.
BULLISH
Total 2:There are good candles in four hours, two of them are flat, we can take a long position out of it, so Bitcoin dominance is also suffering, so find bullish Bitcoin as long as Bitcoin dominance is bullish, I will not collect altcoins myself. But, well, this is me, you have to analyze it yourself, in fifteen minutes, it will confirm after 523, for long position below 513, it will confirm, for short position, don't open earlier, it's all 4% more, so when you are not sure, let it go, save your head.
TOTAL2 IdeaIn idea showing a large up move on the market cap chart
I don't think the current market cap is appropriate at all. We are yet to see the top.
The yellow line shows top points, with the last top being hit in 2017.
The last bull run in my mind was a sort of quasi bull run, leading to the one we are about to see.
Altcoins' Downturn & Bitcoin's Unmatched SupremacyLet's cut to the chase. As an advanced analyst, I see a cataclysmic drop in altcoins on the horizon (obviously). This isn't just a hunch; my trusted charts reveal a looming dive to super low levels. Even stable-coins like tether, which often a safe haven, are part of this story, affecting the Total2 index. Stable coins make up about 120 billion dollars (20% of Total2) as of June 13, 2023.
But don't worry! Bitcoin stands tall amidst this chaos. It's the clear leader, shining in technical prowess and visuals. Altcoins, in comparison, are garbage securities which just don't measure up.
As altcoins lose steam and get sued to zero, I see money moving back into Bitcoin, further solidifying its top spot. In short, brace for an altcoin shake-up, stay prepared, and always trust the charts. Especially mine. Not these SCAM ARTISTS who know ASBOLUTELY NOTHING about financial markets.
See my inverse - Bullish Bitcoin idea linked below...
Expanded Flat -> Triple-BottomTotal2 looks like an expanded flat completing its reversal at the end of a C wave.
It has twice bottomed just shy of the 1.618 for its trend-based fib, and may or may not reach a 3rd bottom near this area before exiting above its neckline.
If it doesn't reach bottom again, it's possible it could perform a move similar to what INDEX:BTCUSD did here:
However, it has so far failed to maintain a breakout if we draw a similar wedge on Total2:
A 1x measured target lines up with its 50% trend-based fib, while the 2x measured target for the triple-bottom lines up exactly with its 0% fib, exactly where total2 reached its ATH.
This would go in line with my theory that movements in DXY could lead to recoveries across multiple markets that end in double-tops.
