TOTAL2 trade ideas
TOTAL2 - New lows Soon - alts bleed 45%Higher low, higher low and again higher low. Clear Ultra bearish scenario. Alts about to bleed additional 35-45% where they will bottom and a mini alt season will start.
Buy in alts when this charts bottom and compare to BTC.D where it should be at 49% => HIGH BUY
TOTAL 2 following my strategy to the tick.
Thanks me later, cheers!
#ALT MCAP $500 billion at critical level.
ALT MCAP is moving towards the 100 MA support around $500 billion mcap.
This is an important level to hold.
A green close above this level could trigger a bullish rally across the market, until it happens we are short-term BEARISH.
Be careful.
Let me know what you think in the comment section. Do hit the like button if you like me to post these small updates.
Thank you
PEACE
#TOTAL2 #ALTCOINS - forecast for the next 4 yearsI will be brief. The main article is in the appendix. In addition to it, I would like to offer a corresponding forecast for altcoin market capitalization.
On the graph I marked a supposed growth of capitalization. I do not give exact entry/exit numbers, but you can calculate the approximate ranges. The trend itself is important.
Not advice, but a demonstration of my own strategy for the next few years.
Good luck to all and strong seat belts in this rocket! 🚀
Altcoins bottom in october ? another 74% drop ? Well if you draw a trend line from the 2018 high to the bottom and copy it and put it on the 2021 high and will see a lot of confluence in the charts . if we drop by 91% just like previous bear markets you are likely to bottom on the trend line . Not only that you have a major green support zone that has been acting as previous resistance . Plus considering the inflation situation in the US . I think this summer we will see a very harsh fed . another 75 points are planned for july and probably for august . I think we will see inflation coming down only in september / ocotber that's when the markets will kinda see a small relief .
Alt-coin market is about to boomOver the months this 3-day chart has been very powerful for me. Think it is about time I shared it.
Over the last several weeks I’ve been selling my Bitcoin into various Alt-coin positions. It almost does not matter which, a rising tide lifts all boats to coin a phrase. My reasons for doing so is almost exclusively because of the this chart. Take time to study it.
This chart is showing you the ratio in dominance between Bitcoin and Alt-coins. So what’s going on?
1) Dominance between Bitcoin and alt-coins has been exchanging support and resistance in the above channel (between the orange lines).
2) Price action at the bottom of the channel is a superb time to get exposure to alt-coins.
3) Price action at the top of the channel was a superb time to sell those Alt-coins into BTC.
4) 204 days - peak to peak was 204 days in Alt-coin market tops. I don’t know why. The next peak in Alt-coins in Bitcoin terms is around Mid-June.
5) We can see Alt-coin dominance is about to test the 21-week moving average (green line), probably after Bitcoin makes another move up above $20k.
6) The ‘Oversold / incredible buy’ condition (orange column) on the above 3-day chart tells us we are at the bottom.
7) Money Flow Index (MFI - bottom oscillator) resistance was recently broken.
Questions? Just ask below ;)
alts marketcaplol finally touched the 200day ma on the weekly and immediately retraced, rsi is way oversold now, support after support have been crushed, . alot of top coins looking very good i think if one want to start builsing their long position at this level its very valid. make sure to choose the top coins with nice accumulation, and chose the ones that can sirvive on the long run,
Crypto Market Cap UpdateInteresting things happening in this chart , Crypto Market Cap "Excluding BTC".
The head and shoulders pattern is clearly playing out and the technical target of this pattern would be at 303 billion dollars which happens to line up perfectly to the 0.618 Fib.
At the same time we have a very rare signal flashing in this RSI indicator I use , it's based on the elliott wave theory and shows when waves have completed 5 counts , since 2018 we have had just three signals and keep in mind this is not a lagging indicator its real time .
Last time we got green triangle was the bottom of the bear market in December 2018 and now its flashing again , keep in mind that in order to confirm this signal we must close the weekly and if market cap goes lower the signal will move to the next candle , always have to wait for candle after for confirmation of a trend reversal.
The point is that the fact that its flashed on means the bottom is could be near for the alt coins but this head and shoulders pattern has over 80% success rate so if it does play out it would be a brutal move down to 303 billion.
ALT/USD on the best place for a bounce !TOTAL2 (which is Top 125 altcoins vs USD) is currently retesting the 2018 top.
This was previously resistance and is now being tested as support.
This is a good time to dig into some altcoin charts to find some nice risk-adjusted longs because invalidation of the trade is quite close
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$BTC MCAP vs Rest of Crypto excluding BTCcheck this chart a few times a year ..looking for the blue line to reverse back down and form a death cross with the orange line or money from btc to flow into alts
for now dominance is on a tear but what goes up must flow back
confirmation of kick ass Alt season .
1 trillion used to be a dream a few years ago long term even half of gold market cap would be lovely ..