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

Crypto Total Market Cap Excluding BTC and ETH, $

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TOTAL3 trade ideas

Huge Inverse Head and Shoulders on TOTAL3This is another TA on why it's a good place to be buying altcoins this summer. Based on the chart, we can observe a huge falling wedge that was broken in July. The price has been above the trendline for several weeks, indicating a clean breakout. Furthermore, there seems to be a formation of an inverse head and shoulders pattern. Currently, we are completing the right shoulder, and if we manage to see the price reaching the base, I anticipate a continuation of the upward movement towards the previous support zone around 470 or 500 billions. It's worth noting the RSI as well. At the beginning of this year in January, this trendline was breached, transitioning from a downtrend. In June, we retested it from above, and now we witness a bounce, which adds another bullish signal. So I believe these technical factors point to potential further upside. Pick your favorite altcoins and get ready for the summer rally. Happy trading!
CRYPTOCAP:TOTAL3Long
by FallingWedge
ALTCOINS - TOTAL3 Very SmiliarLooking at TOTAL3 (Altcoins excluding Btc & Eth) we see something very similar to TOTAL2. We had a double bottom (around $290B) which is EXACTLY our 0.236 of our macro Fibonnaci trend from the covid crash to the 2021 peak right around $1T. I have outlined all subsequent fibonnaci levels of this trend as well. We know this fib trend is valid as our 0.382 ($450B) became resistance before falling to the 0.236 as support. We have also caught bids for altcoins in our green box of support. This was the macro resistance of 2017 that buyers have been trying to defend as the new support region. Also on our HV indicator, March & May marked volatility lows around the key 27 level. If altcoins are to stagnant more then a revisit of the 27 level would be when to expect that volatility to surge through altcoins across the board.
CRYPTOCAP:TOTAL3
by VIAQUANT
2
When Alt season? When moon? When rocket emojis?We are yet to see first, a pullback by BTC coupled with stock market correction and destruction of Alts. Capitulation by both price and time. Notice in prior cycle with 714 days of red and current 574 days of red at most recent bottom of TOTAL3. NOTE: 2020 Feb-March has been omitted as a black swan (anomaly) Recession is looming and true scale to be surfaced. Bankruptcies and commercial real estate pain needs to pass. FED cannot pre-maturely ease monetary policy otherwise a wage-price spiral is at risk and unraveling of inflation expectation demands. I've mentioned Blackrock ETD and it's CEO going on CNBC, the point I'll re-iterate is that if markets are now bullish as they make it seem, why haven't we broke past $32k Bitcoin decisively yet? Insert meme: "IT'S A TRAP!"
CRYPTOCAP:TOTAL3Short
by Muri001
1
In case of an Alt coin runDear team. Considering the fact that we might be entering an altcoin run, i would like to advise that from Elliott Wave perspective, things might not be so clean and easy to predict. Motive wave or clean impulse proceded by a clean zig zag 3 wave move into the golden zone is the easiest textbook example that is not happening as often as we would like. There are moments where waves 2 might be done and we cant even recognise it. Waves 2 are most of the time deep...BUT they dont have to be deep. When crypto goes, it goes strong What i am pointing out here is ... As Elliotitians, we want to pick our entries and leave the mouse and keyboard, and let the history print itself. You can, however set your take profit areas because taking partial profits didnt hurt anyone. What you shouldnt do, is assume that there is only one way of motive wave to develop and to try to outmart the market by trading every supposed move that you think you might see. Dont be a rabbit . Dont rush your decisions. Especially trying to short potential corrections if you are strong biased that we are in the bull run. In the end, turtle was faster than the rabbit. EW= Turtle power/way of trading. There is a potential (will repeat that its a potential) for some alts to go strong in this run. So if you had golden hands to hold them all this time, make those hands diamond and be patient with them rising potentially during the year 2024.
CRYPTOCAP:TOTAL3Long
by PK_SEND_IT
1
T3 5DHi! Oops, it's been a while since I opened up TOTAL3 to see what we have here. I mentioned in an idea a couple of months ago that I liked 5D timeframe, which has often replaced a 1W for me. And I turned it on just in time on this chart. A death cross of the EMA 200/100 is forming. Right now. For the first time. Usually this thing acts like a hammer. If you turn on the logarithmic chart display, you can see that there is not much left before the trend line touches and the point may lie at 260-290B, depending on the rate of decline. But I really have a bad feeling about this. The price has already approached the trend line, but the cross has just formed and of course it will not dissipate in the next year. Does it mean that the price will go under the line? It is possible. But after the breakdown of the line there is no way to predict how deep it will go. The VFI as you can see is confidently moving in bearish territory and the long EMA of volume looks there as well. As usual, draw all conclusions on your own. I am not making any altcoin purchases yet. P. S. I saw a rather curious opinion of @HustleGrindMomentum This is what he writes: "When i see the market do its thing, BTC and ETh go then ALts pump etc I am ready for more upside or at the least sideways accumulation phase but when we see a btc eth rally and then TOTAL and esp TOTAL3 dont pump above BTC or and TOTAL below TOTAL3 and BTC and ETH below both of those when compared on the same chart we see downside. this is not money entering the market but people getting out of DeFi ALTs you name it via BTC and ETH. this is time to run not buy last time I saw this in the charts we took a 35 to 40 percent crypto market DROP food for thought. for me and mine we dont want to spread to thin rite now and r ready to exit the market quick fast and in a hurry if needed." I think this is an important insight, and I certainly don't have a better version of it. I see the process, and he has an explanation.
CRYPTOCAP:TOTAL3
by averkie_skila