TOTAL2 trade ideas
TOTAL MARKET CAPITAL UPDATE: BREAKOUT!Welcome members to this update on Total Market Cap in a daily timeframe.
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The Total Market Cap (Excluding BTC) has broken out of the long-time resistance trendline. Ever since the total2 got rejected from 1.7 trillion after making its all-time-high, it has been continuously rejected. It is after 137 days that the total2 has broken out of the trendline. This was a long awaited and an important level to break. We have seen how the altcoins has rallied in the last 3-4 days and if the total2 rallies towards 1.5 trillion then altcoins will go to the moon.
I am expecting a retracement soon and then another leg up. The only area we need to keep an eye on is the 1.1 trillion support level. If this level is broken then we may see some heavy dumps in the market.
That's all I have to say for now. If you like this idea then do like and follow. Also, let me know what you think about this chart.
Thank you.
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TOTAL2 Massive contracting wedge breakoutTOTAL2 has broken out of a contracting bullish wedge maintaining bullish market structure on the weekly HTF.
Price action has put in a new HH on the 3d chart with bullish divergences on the RSI and MACD showing signs of bullish momentum coming back into the market. MACD converging and showing an upcoming crossover.
Price has corrected into a weekly demand zone where its rejected the zone with buyer intension before creating bullish market structure and reversing.
Inline with USDT.D and USDC.D, the charts are looking great for a reversal here for the full market.
ALTS MARKET CAP ANALYSISHi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome.
As per my previous ALTS, the MARKET CAP chart is going good but now it having this 1.4T
as resistance, we have to break this level with confirmation.
For continuing this bull market
Let’s see how the daily candle closes.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
Battle Planing: Basic charting on Total 2 Total2 has been chopping sideways for two months and has gotten a tad boring. Individual coins have done some pump and dumps but the net market cap is sideways. In short order, and by that I mean in the next 2-4 weeks Total two will be at a decision point where it will begin to resolve itself bullishly or bearishly and I hope to be prepared either way.
My main inclination is the black upward sloping trend line will continue to hold except for wicks here and there. If that is to be the case then the price action will have to beat the downward sloping resistance line it is now under. So we are at a IF THEN type situation were we can do some scenarios for both upside and downside. The chart says a lot so I won't repeat myself too much.
Bullish Resolution We see price action act out an ascending triangle. There are potential for throwbacks, under performance, and all that, but the eventual targets are the 1.618 and 2 levels on the drawn fib. And it doens't help that according to Bulkowski, triangles are some of the easiest formations to spot but actually the worst to reach target.
Bearish resolution Price falls to around the 0 fib line. If that were to happen I would see Total2 devolve into a double top type formation. In traditional markets double tops have tops around 5% off in value but for crypto I feel justified in letting that go a little higher. Source? I made it up.
If price resolves bearishly it will be long term very bad news.
TOTAL2 Cap About to POP??Since July 2019, each time the 14 close RSI crossed above the 14 day SMA on the Weekly timeframe, we have seen the TOTAL2 market cap increase by an average of 350B.
The current crossover on the above indicator is positioned well compared to past instances that this has occurred.
Thoughts?
btcusdtperpHello dear merchants
Today I will have a long-term analysis of it to better understand the current situation and where we are in the market
Everything is clear on the chart
And all 70% of the probabilities are related and all 30% of the probabilities are related.
Be successful and profitable
Imminent move in Alt-token market ** bullish divergence **The alt-token market has taken a beating since the beginning of the year, specifically since mid-January. From January 16th alone the alt-token market has corrected a little over 30%.
That correction was exactly at the same moment nine oscillators were printing bearish divergence on alt-token dominance chart (above). Recently the same number of oscillators printed bullish divergence, however held off publishing until confirmation.
On the above 1-day alt-token dominance chart:
1) The ‘incredible buy’ signal prints. Roughly translated, there’s a 90% probability dominance sees an increase in the days and weeks ahead.
2) Bullish divergence. 9 oscillators including MACD are printing regular bullish divergence.
3) Both RSI and MFI resistance print breakouts.
Is possible alt-dominance falls lower? For sure.
Is it probable? Very unlikely.
Good luck!
WW
2 year prediction of total2, by Dia. big dump incoming.Seems like in a week or so we get the big answer. Market looks extremely bearish , I personally dont believe we can break the resistance
Pattern looks incredibly bearish.
We always dump before halving
the cup is drawn too big, it should not break the previous support of 462b
btc 19k bottom, maybe scam wick to 13k
expect 2020 highs of every altcoins, and some altcoins to completely be destroyed
ALTS MARKET CAP ANALYSIS Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
Do consider following me for the latest updates and Long /Short calls on almost every exchange.
I post short mid and long-term trade setups too.
Let’s get to the chart!
I have tried my best to bring the best possible outcome in this chart, Do not consider it as an
It is consolidating in a symmetrical triangle. EMA'S are acting as a resistance. MACD crossover is showing bearish momentum. RSI has entered into the oversold region. We've to wait for a sustained breakout/breakdown to confirm the next move of ALTS.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you