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Crypto Total Market Cap Excluding BTC, $Crypto Total Market Cap Excluding BTC, $Crypto Total Market Cap Excluding BTC, $

Crypto Total Market Cap Excluding BTC, $

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TOTAL2 trade ideas

Ascending wedge: The big Altcoin flush out is coming in 2024This feels very plausible, if this happens it's probably the entire space getting regulated similar to what happened to the internet after the dotcom bubble finally reached a melt up point. Prepare for the madness. If this happens bitcoin will not become the new gold standard but instead CBDCs will enslave the world. SDR took over back on August 15, 1971, when President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. Blockchain projects like Ripple Labs and Algorand would become a part of ISO20022 to digitize existing ISO 4217 (XDR) Special Drawing Rights. "The XDR comes to prominence when the U.S. dollar is weak or otherwise unsuitable to be a foreign exchange reserve asset. This usually manifests itself as an allocation of XDRs to IMF member countries. Distrust of the U.S. dollar is not the only stated reason allocations have been made, however. One of its first roles was to alleviate an expected shortfall of U.S. dollars c. 1970" Under this scenario: Dogecoin (equivalent to Pets dotcom back in the days), Ethereum (equivalent to Netscape back in the days). Would literally die after 2024. It's a complete Altcoin flushout and altcoin apocalypse for many. The new digital Gold, or Bitcoin, would also tank until equivalent to 2003 and would eventually hit new all time high which could be anywhere between 90k to 130k (keep in mind that Gold has only hit 66k per kilogram, so maybe peak is already in for Bitcoin unless Gold hits a new all time historic high). Overtime, Bitcoin and Gold could move together. To think Bitcoin will hit a million dollars under this narrative is not and wouldn't be realistic at all, unless there is hyperinflation in the US amidst a total dollar collapse, something that isn't plausible either, it can maybe hit a 60% low in a few years as other countries in G7 are integrated as global reserves next to the dollar. This is my honest opinion. The most unpredictable scenario is perhaps the most likely one, and I think this is it. Very concerned about the future of decentralization and what crypto meant. Satoshi would be very disappointed.
CRYPTOCAP:TOTAL2
by axelrodd
The bullish scenario of the market, of course, with the right puHello. In this uncertainty of the market, where nothing can be understood about its rise or fall, with total2 and usdt.d, several scenarios can be monitored. total2 can be one of the two paths in the image that I drew in red and blue. Of course, I said that at the moment it is really impossible to comment with complete certainty, but with two or three scenarios, the final path can be followed. I will present my new analysis to my friends soon. Goodbye
CRYPTOCAP:TOTAL2Long
by vahidrafiyan64
ALT M.CAP UPDATE! WHEN TO GO LONG IN ALTS??Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this TOTAL2 aka Altcoin market cap update. TOTAL2 is forming a falling wedge like structure in 4hr time frame and currently looks like it is going for a 3rd tap of lower trendline of the wedge. Once it is reached near the lower trendline ($495-$500B) we can open some long positions with a tight stop loss. Longing here is more risky and less rewardable. Hope this chart helps you to take better trade decisions. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
CRYPTOCAP:TOTAL2Long
by CoreCrypto1
5
TOTAL2 UPDATE! ALTCOINS IS IN DANGER!!Hello everyone, if you like the idea, do not forget to support it with a like and follow. Welcome to this TOTAL2 aka Altcoin market cap update. Total2 is not looking good here. It breaks down from the bear flag-like structure and the recent pump in Altcoins was just a retest. After this retest, we might see more drop in Alts. If you are holding any Alts then keep your stop loss tight. If you like this idea then do support it with like and follow. Also, share your views in the comment section. Thank You!
CRYPTOCAP:TOTAL2Short
by CoreCrypto1
3
Altcoins' last bull rally before a tumble?In this graph we have the dominance of altcoins disregarding stable coins. The calculation is done as follows: TOTAL = Crypto Total Market Cap TOTAL2 = Crypto Total Market Cap excludes BTC USDT = Market Cap of stable coin USDT USDC = Market Cap of stable coin USDC DAI = Market Cap of stable coin DAI So: Altcoins Dominance % = (CRYPTOCAP:TOTAL2-CRYPTOCAP:USDT-CRYPTOCAP:USDC-CRYPTOCAP:DAI)/CRYPTOCAP:TOTAL*100 Looking at the chart the index is in a bearish channel. It will apparently test the top of the channel at wave 4 resistance. If this channel breaks, we will have an extremely bullish scenario, surpassing all expectations, due to the horrible macro scenario. Otherwise the downtrend continues, heading towards the end of wave 5.
CRYPTOCAP:TOTAL2Long
by andre_007
KEY LEVEL TO WATCH: TOTAL2 MacroI previously estimated where altcoins might find support, and I was right... for a few weeks.... but we didn't get a serious relief rally before losing that level. Contagion has spread and 2 more giga-firms Celsius and 3AC may be insolvent / forced sellers.... And now we are a 7% drop away from a potentially very significant level... It's the 200SMA on the 1W timeframe (yellow line). We haven't come anywhere near it since pre-bull run. Before that, it never exactly offered rock-solid support, but it did act as a magnet for price action during the previous bear cycle. When it was broken previously, the Total market cap of altcoins went down another 45% before being drawn back up to it and didn't stray too far in either direction until blasting off this previous bull cycle. I'm posting these quickly so I'm sorry if some of my numbers are off, but you get the idea. It's a point of interest. If we lose it, expect more downside, but THAT will be when it's time to really pay attention and watch for a potential bottom / rally back for a bearish retest of it. THINK HAPPY TRADES THINK HAPPY TRADES CD
CRYPTOCAP:TOTAL2
by cryptodonovan