TOTAL2 trade ideas
TOTAL2 Different Top Scenarios The recent bull market pushed price into a higher high scenario.
This shows that there is still movement upwards left in the pump.
While the 2017 one shows a lower high, a normal double top, leading to a strong bear market.
Perhaps the bear market we are seeing now will be shorter due to this factor.
AltCoins (Season) ? Chart Prediction?This chart is becoming look, more relevant ,each day now!
Why? Firstly because the ETH can lead the Altcoins Season Start
But Leaving ETH aside.. this chart is also bullish at the moment
We wait for a clear signal ,similar to what we got in the past
I hope i am wrong with my estimations, and we break out higher and sooner ! (regarding the old All Time High)
Happy Easter Everyone !
TOTAL 2 Idea on chart mostly. The short term range broke down brutally and my ideal buy zone looks like it most likely wont hold. The risk reward for me is currently favouring more lows, with the TOTAL chart acting as confluence. Shorted FTM from .53 and looks like more downside is likely. Bounces get sold below resistance which is likely longs covering.
ALT COINS Made a major bullish break-out above the Falling WedgeThe alt coin market (TOTAL2) broke last week above the Falling Wedge of the Bear Cycle that started in mid 2021. Currently we may be seeing a pull-back that may put the 1D MA50 (red trend-line) and 1W MA50 (blue trend-line) to test as Supports.
On the long-term though, this break-out along with the formation of the Inverse Head and Shoulders (IH&S) pattern, targets much higher and more specifically the 2.0 Fibonacci extension at 1.135T.
Note that it was the 1D MA50 crossing below the 1W MA50 in mid February that confirmed the long-term downtrend and similarly, it will most likely be last month's 1D MA50 crossing over the 1W MA50 that confirms the long-term uptrend/ Bull Cycle.
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This One Chart is Key for Altcoins!Traders,
It's simple. The Altcoin Market is currently preforming a classic re-test of previous resistance (now support) at the inverse H&S neckline:
- If it holds, Alts are safe for the moment and will continue upwards short term.
- If it breaks, the inverse H&S pattern becomes invalidated and alts have further drawback ahead.
Keep a close eye on this chart.
Stew
Altcoins marketcap to hit $5.755T? Previously, altcoins formed a W pattern in 63 bars / 1124 days.
13 bars / 91 days before it hit new ATH.
Retrace, then created another new ATH and altcoins cycle ends.
If it repeats this, then I'm expecting Dec 2024 to retest ATH / 1.707T.
Jan 2025 - March 10, 2025, as possible pullback.
April to September 2025 as the final peak at estimated 5.755T marketcap.
Let's see.
Trade cautiously. Ingat!
TOTAL2 Curved Trend The trend that will take us in to the next bull run
This curve is evident since the start of price formation. I have put an extra dotted line to show what it would look like if the curved trend repeated again.
There is a massive difference however in % between the first being (941411%) and the second only being (3500%)
Bullish heading into the third curve up
ALTCOINS are bullish - TOTAL2 with weekly bullish divergencesAltcoin market with a weekly bullish divergence looks bullish overall and we expect the uptrend continuation in the mid-term.
We are not looking for shorts now.
When we get a pullback, it's a buy the dip opportunity.
How deep the pullback can be? The price may retest the key support again but most likely it will create a higher low and confirm its bullishness . Breaking (and closing below) the key support would be an invalidation of this trading idea.
Altseason 2023 is going to start in coming days. Be ready. Hi dear community and my lovely followers.
I will be in short. I want you to inform that be ready for Altseason 2023 which is going to start in coming days. It will be wild.
As you see Total 2 on weekly log chart has broken the main diagonal resistance/ weekly falling wedge/ and it is going to break pink zone which is one of the strongest horizontal resistance.
As soon as it will be flipped, All altcoins will explode in a crazy way making x5-x10. Bellow you can see also Total 2 weekly regular chart, where Descending triangle was broken and retested successfully. The only thing we need is "flip the main horizontal resistance and the party will start.
Also pay attention to Weekly RSI which has also broken the main diagonal resistance with retest and it is above 50 level, so huge momentum is coming to altcoins market)))
BTW BTCD hit 48% main resistance which is again sign that it will be rejected because of altcoins hard pump.
Pay attention to updates bellow this analysis I'm going to post other charts as well.
Don't forget to like, comment and follow please. I'll appreciate your support.