Alts short termi want to see something like that to play-out , 10 to 20% up and then , get back inside the range , kind of wolf -pattern , i do not see the positivity that will take alts much higher for now!
invalidation : closing 2-3 days below the range .
this is not a financial advice .
thank you
TOTAL3 trade ideas
altcoinsamong all the altcoins related charts (total 3 , others.d ,others...ets) , i use this one, hand-made , substracted all the stable coins in order to give clearer picture for alts .
for me , first area that we need to surpass is the 220-230 area , otherwise it would be only a weak rally .in the range that we are ranging in for 483days for now .
in the chart you see 3 scenarios , clearing the first area and get acceptance above it , take us to the second one 260-280B ,after that i will update .
away from altseason myth , breakout and other myths you see in social media , you need to know that we are still in the accumulation range for 500days approximately now .(170B-280B).
only when we break through it and get accepted above it for weeks , will bring positivity for altcoins .otherwise we still playing inside the range indicated in my previous alts analysis .
for trading purposes , i indicated the 2 next area to the upside that you need to monitor .
this is no a financial advice .
thank you
Alts short termFor the past 10days , people were saying -50% , next day up , next day down ..etc. the only thing i saw is. A range , shared that a lot , not here , in my x account .
We have been ranging for days , next target is indicated . The bigger picture is we are under resistance of 600days accumulation range . We could deviate above and get back inside , or breaking up for good . A retest might be possible , shared these ideas in my other tradingview account . I will share here from now on !
This chart is for alts excluding xrp and eth .
This is short term idea/target.
Thank you and not a financial advice .
Total 3 consolidates Total 3 is currently consolidating above previous resistance now support and it also making a higher higher in price action for the first time I. 2 years. This is very bullish for the alt coin and it could be the sign of a reversal in play. Just remember what bitcoin did when it printed a higher high after months of downside.
Altcoin retrospectiveMost of the time there is a small pump before the real alt season, such a pump has been in since mid-September. Perhaps those who were afraid to miss the next alt season are now entering any correction, and in previous alt seasons, this was the best strategy. But if we analyze the logistic curve - the speed of information dissemination, we have to finish this cycle to start the next one. Coincidentally or by design, we've had a lot of big news in the last three days.
1. Sam Altman stepping down as CEO of OpenAI.
2. the final exit of the 2017 legend Bittrex from the market
3. CZ's resignation as CEO of Binance, courts, and fines
And in just a few days Black Friday - the last two years we have seen sales and discounts in the cryptocurrency market perhaps history will repeat itself.
Best regards EXCAVO
Total3 crypto altcoins looking to correctTotal3 has been in a massive high grade channel trending upward. Volume is historically much higher than the last year and RSI is trending up on the long term. I think we are at an inflection point for a potential larger correction here as many alts I have been following are breaking their channels downward. The dashed red line is an area of high interest for first target for a downside, the red line is .114 fib drawn on daily chart from most recent macro swing high. All EMAs are starting to curl and point downwards as well.
TOTAL - Jumped Across The Creek ๐ดTOTAL3 is really starting to look very rosy and although there was a fast pull back, the area was quickly recovered as expressed by the Dragonfly Doji (red arrow).
If this next weekly candle closes with little downside then we may see some more pump action soon enough. Might re-test the trendline - we'll see.
I have plenty of coins in deep positions that I am watching to buy for the next phase.
Not advice.
ALTSEASON about to break-out aggressively!TOTAL3 which measures the Crypto Total Market Cap excluding Bitcoin (BTCUSD) and Ethereum (ETHUSD), is essentially a metric of the altcoin market. It's movement in relation to previous Cycle is indicative of what we call an 'Altseason', when this market segment rises disproportionally to the rest.
The price tested the 1W MA100 (green trend-line) last week for the 1st time since May 2022 but failed to break it and closed the week below it. With the rejection also being on the (dashed) top of the Ascending Triangle (bottom formation pattern), it appears that the market is replicating the sequence of January 20 2020. Even the 1W ROC patterns are identical.
As a result, a candle closing above the top of the Ascending Triangle, will be a buy signal for us, targeting initially the 0.5 Fibonacci level at 570B (as it did in July 27 2020 and wouldn't have done earlier if it weren't for the COVID crash). Then the 0.618 Fib should be targeted, which should give the final +/- 1 month consolidation before new All Time Highs.
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ALT-COINS FORECAST -'TILL the END OF next BULL MARKETI honestly believe in the next couple of years we will see a greater manipulation in altcoins ,than that we are use to! We could enter a bull-cycle and a bull market...
Firstly the bull-cycle will be shorter and may peak around 2025..
In this time many coins will have the change to stick around or get delisted (die).
Than after 2025 the "cream will go up" meaning the best projects that will strive until that time, will go up more and more. And many others will be forsaken.
The after-math of all bull cycles will bring us closer to the new world of the '30 (2030) from a technological perspective.
Crypto market will continue to grow. But expect brutal volatility along the years
Diversification of assets will become more important than usual. Meaning that market places like Centralized Exchanges will battle for market share.. until DEX-es will become the new standard of trading. AI could have a huge impact when that happens.
This is just my opinion based on facts that some big players share with us at the moment.
Please note.. the targets are made with a huge ETH and BTC Dominance along the years.
๐ฅ Altcoin's Highest Value Since Summer 2022: Mini Altseason!The total marketcap of altcoins, TOTAL3, has reached the highest value since August of 2022. In my view, this clear breakout marks the end of the bear-market accumulation phase and is the start of the next bull-cycle.
Like mentioned in my other analyses, the fact that the lows are in doesn't mean we will go up in a straight line. Most likely it's going to be a bumpy road towards the summer of next year, with the 'real' bull-market starting and the end of 2024 or start of 2025.
For now, I think that alts will see more growth. The yellow resistance is the most logical area in the short-term. Over the next few months, the blue resistance should be possible. Keep in mind that BTC has to trade relatively stable during this time.
With the Bitcoin dominance (above) in a clearly bullish trend, it's likely that alts will underperform BTC on average. Once BTC.D breaks down through the yellow line we can experience a 'mini altseason' where alts will outperform.
TOTAL3 - Altcoins Might Pull BackAltcoins have seen a boon this last month as well. Altcoin market capitalization increased 30% over the past four weeks, driving up from our Demand Zone.
Altcoin MC has now hit a resistance level at approximately $460B.
Above us is a very wide Low-Volume Node, with the next significant area of resistance in the $650B region.
This means that a successful breakout here could lead to a near doubling of altcoins market capitalization: or as it is colloquially called in crypto: alt season.
Altcoins are unpredictable, however principled analysis here leads me to consider now a current opportunity for trimming initial profits on altcoin long positions, and waiting to see if altcoins continue their charge or fall back into this year's trading range.
TOTAL3#Total3
We'll check the penis.
In the weekly time the trend was broken and we are leaving the side of the Side area
We have a resistance range that we expect to climb in the event of failure until green targets
If this will happen, we will see more growth than the penis.
By reaching any resistance range, if you enter the currency, you must not forget the profit.
What's up with Altcoins ๐Let's look at the TOTAL3, as you can see from Fibonacci, this cycle of altcoins sold off much stronger, they did not test the 0.5 zone.
Even if we take into account the growth of stablecoins, altcoins still look oversold and I would expect an exit from the 0.23 zone.โ๏ธ
๐งMany alt-season skeptics say that #bitcoin dominance still has room to grow, here I can say that stablecoins and a larger alt-season in 2021 should be taken into account, this has not happened before. Therefore, if these factors are taken into account, the dominance of Bitcoin is now at quite high levels. This is also a possible positive for altcoins.
๐ฅ Altcoin Market Inverse Head & Shoulders: New Alt-Season? ๐จThe altcoin market, measured by TOTAL3 - the total altcoin marketcap, has been severely underperforming Bitcoin this year.
However, there might be coming an end to the seemingly endless suffering of alts in the coming months. The inverse head & shoulders pattern, which started to form over 1.5 years ago, has broken bullish.
Classically, inverse head & shoulders formations occur at market bottoms and signal the change of a long-term trend.
Can this be the bottom? Potentially yes! Bitcoin dominance is still on the rise, so BTC will likely outperform alts in the near future, but this will end somewhere next year - which will most likely kick off the new bull-season as well.
Exciting times for altcoin traders.
TOTAL setting up double top?I don't think traders are going to have an easy time getting to all time highs the way the hype suggests. We've broken an obvious trendline but are about to run into a neckline that may be tough to crack.
To me it looks like a set up for a double top / dead cat bounce down much lower.
In my opinion we will dump towards the later stages of the month followed by a small relief rally until the "When in May walk away" time comes around again for real capitulation..
On Bitcoins CME chart there sits a gap down at about 11,000 give or take. It remains the only gap lower on the chart and could easily fill barring a news event..
Until we break higher highs on total... Be very cautious
1-1.5 YEARS for ALTCOIN MARKET TO TOP ABOVE 2 TRILLIONThe markets are heating up.
Bitcoin has already shown signs of starting a new bull-run.
The $30.000 level has been broken and re-visiting is a wish.
I decided to take a look at the altcoin market and its showing strength.
Based on the previous cycle the top would be expected in 1-1.5 years.
Bitcoin: 140.000$ = 2.6 Trillion
ETH: $10.000 = 1.1 Trillion
Altcoins: 2.3 Trillion
Total Market Cap Top: 6 Trillion.
Be careful of the next stepFrom the first look at the chart, we find that the price is going through a large sideways period extending to approximately 440 days, and it is not creating a repression or a new bottom, and this could be normal, especially since it corrects the previous large decline from the top, calms the inflation of the indicators on the weekly frame, and prepares for the next movement... which is from My point of view is that it is extremely bearish for the shaded area below, and it will take alternative currencies to new lows, and only from this area when it reaches it in the coming months. We will update the analysis at that time.
Note: The analysis fails if the price closes above the 380 area
Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look
Good luck
๐ The Ultimate Altcoin Survival Guide ๐ฏ๐ก๏ธHey there, crypto enthusiasts and market savvies! Professor here, bringing you a critical update that you can't afford to miss! ๐๐ฅ
00:00 Hey folks, let's dive right into the world of altcoins. You've been hearing me sing praises for Bitcoin lately, but what about the underdogs, the altcoins? ๐ค๐ค
00:16 Well, guess what? I haven't forgotten them; I've just been analyzing. Let's get to the heart of the matter and talk about what the charts are screaming at us. ๐๐ก
00:23 We're looking at an 8-hour chart that excludes Bitcoin and Ethereum. Notice this massive channel? It's crucial for the altcoin market, and right now, it's shouting "Resistance!" ๐๐
00:49 Yup, we're walking on thin ice. This is the time to hold your horses on altcoins and keep your eyes peeled on those levels - 335 and 319 billion, to be exact. ๐ฏ๐ก๏ธ
01:32 Bitcoin remains our "safe haven," especially with Bitcoin dominance skyrocketing. Stick with me, and you'll know why my 80% trading focus is on Bitcoin right now! ๐๐ก๏ธ
02:42 Spotlight on ADA and Ethereum: My positions? Increasing in ADA at 0.268 and shorting Ethereum. It's not about being bullish or bearish; it's about being smart! ๐ฏ๐
04:53 What about LINK? It's all about that channel, baby! We took a long position and scored a phenomenal trade. This channel strategy works like magic! ๐๐
06:18 Speaking of magic, let's talk Matic. Major resistance here; don't jump the gun. When the channel says go, we GO! ๐๐ฅ
07:27 Targets? I've got 'em! 1.7, 1.9, and 3.2. Manage your risks and reap the rewards, simple as that. ๐ฏ๐
08:00 XRP? It's in time-out under resistance. But hey, let's keep an eye for that rebound. It could be our golden ticket. ๐ซ๐ซ
09:11 Bottom Line: The Total Three Chart for Crypto says altcoins are in danger. For now, Bitcoin is my ride or die! ๐ก๏ธ๐
09:51 Stick around, engage, and let's keep this conversation going. If you're still with me, you've just leveled up in your trading game! ๐ฎ๐
One Love,
The FXPROFESSOR ๐
full video transcript:
00:00 Hey everyone, time to take a look at altcoins. Professor been extra extra bullish on Bitcoin. Okay, you see not so much on altcoins.
00:10 I posted a lot of Bitcoin, not many else. People ask me, hey, you forgot about phantom. You forget about sandbox.
00:16 You forget about STF CFX, but I didn't forget about anything. It's just I follow the charts. So let's follow the chart.
00:23 That's the total three. It excludes its cryptocurrencies excluding Bitcoin and Ethereum. So what do we have here? That's the eight hour chart.
00:32 And we see a massive channel, okay, which is support on the lower end support resistance in the middle and its resistance on the top.
00:42 So what do we have right here? Let's go to the 15 minute chart. Unfortunately, ladies and gentlemen, my dear friends, we have resistance.
00:49 So we need to be careful because these breakouts, it didn't go higher. So we are running a danger of going a little bit or a little bit more lower.
01:02 So 335 and 319 billion. It's where I want to buy again and of course I will have alerts. Like to all 3 on major support.
01:23 So we need to be careful with altcoins at this very moment. Think about it this way, Bitcoin. For me it's a safe haven.
01:32 That's why I keep saying safe haven. I keep repeating myself a little bit of times but you know maybe this is not the perfect time for riskier assets and cryptocurrencies altcoins and so on.
01:44 This could be time for Bitcoin. So personally I do prefer Bitcoin at this time of stage but who am I?
01:50 Let the chart do the talking. Let's go to Bitcoin dominance. You see how it has exploded and you can see here why from this level over here for this breakout on October 2nd we have been 80% posting about Bitcoin, Bitcoin, Bitcoin because the dominance was expected to rise.
02:09 And it did break out higher. So my expectation is to see the 58%. We are now at 54% and if the price drops lower then it has huge, huge support at 52%.
02:22 So Bitcoin dominance says, Hey buddy, maybe this is not a perfect time for altcoins. This is the time for Bitcoin.
02:32 And we go to 58% or we go even higher at 66%. Okay? Now let's take a look at the major altcoins that would make more sense to, everyone.
02:42 Ada, looking good. Looking good. And I'm looking to increase my position at 0.268. We've been long through here. It's going well.
02:50 Ethereum, 1771. Today we went short my community right under this level over here. So we have a short position hedging our long positions and it's beautiful.
03:00 1.827 is resistance support at 1629 and let's go to SDX no big news here okay major support would be this level over here that's why we have the alert and it will go automatically to our friends and family who follow us up very very similar very close to support but still you see not going higher for
03:29 the time being so one inch let's discuss about one inch that's a 15-minute chart you see it got rejected at the middle of the channel if we go to four hours it will make sense so one hour actually is gonna a lot of you know it's gonna make even more sense so what do we have here we have a channel how
03:51 simple is it to make a channel I mean you know resistance or resistance resistance and the middle of the channel so we are remaining long we have a long position but we want to buy over that level and that's exactly why we have the alert there and when it hits there if it breaks higher we go long for
04:10 the time being we're being aware and we would be looking to follow the price within the channel does this work does it make sense well let's take another example let's look at link for example and let's go to the eight hour chart and look at these guys i mean how more simple this is straight up most
04:32 simple charging the world as the most beautiful channel support support support support three times at the lower end of the channel three times very clear three times very clear resistance up there and then what we have the fake out over here and the minute it goes back into the channel that's the time
04:53 to go long that's the time we did go long and that's how we followed the price and we increased the position over here at this level and we have a phenomenal trade which we have shared the result with you here it's the same chart it's the same deal so the channel works we wait for the price to go on
05:12 the channel and that would be support and we can increase the position that we already took profit from massively or if it dips back under the channel then we're going to go short and we're going to keep the stop loss over the channel so as simple as that I want to show you Matic before I go because
05:29 it's also at a major major major resistance Matic is one of my favorite assets and I've post it a lot of times from 0.20 all the way up to 2.4 and 2.8 so if you have been following me you can check the previous ideas we did very very well with entering now nicely and with exiting nicely so we're looking
05:56 to get back on Matic but we want to see the price get back into the chart. I want to see the price get back into the chart so for the time being we are at the scary situation where, ah, scary, okay, ah, but we are under the channel so we are under what is right now major, major, major resistance.
06:18 So, ah, one can go short, okay, or one can wait. That's what I'm doing in this case. I don't want to go short on magic because it's one of my favorite ones, but what I want to do is I want to have a big ass alert over here that will allow me to go long and buy this break.
06:41 If the price goes back into the channel, magic major entry, we're getting up and buying. That's what I say this breakout in the channel with stop loss 0.64.
06:51 So that would be an entry at 0.66 a stop loss at 0.60. 4. Let's put some number into that. So from there to 0.64 it's around 3%.
07:03 Okay, 3% exactly. But where is the take profit? Well, if you take a look at the take profit, we're looking about a take profit of and always think risk to reward is going to help you a lot to manage risk.
07:17 So we're looking at take profit here at 153% higher or there at 188 or all the way up there to 364.
07:27 So this would be my 3 target. 0.64, the stop loss 1.7, 1.9 and 3.2 and of course there is another level to 1.03.
07:39 So I'm going to add that 1.03 as well as a 4.0. 4th target and that would be a beautiful trade.
07:48 For the time being, don't get too excited. Let's look at XRP as well because a lot of you asked about XRP also under resistance at the time so I cannot buy that.
08:00 I cannot go long. Wait and see if there is a rebound here where the support level because if that happens, then I want to go long there and I want to have my stop loss under there and you know, the beauty of this is that small risk, high reward, but at the same time if the price rebounds a little bit
08:17 like Bitcoin, we get a new entry today and the price did rebound from here, okay, all the way up there.
08:26 So already we move the stop loss out entry and worst case scenario is we're going to hit the stop loss and make no money, lose no money, okay.
08:32 So these levels will give you very high return for lower risk and at the same time it's a highly probable to rebound level so it can give us a very, very flexible.
08:48 Way of trading for the time being this is chart I want you to focus on and that's the total three for crypto so altcoins right now in danger for all the charts that I have just mentioned we're looking to buy much bigger on altcoins and there we'll have a proper bull run if only we can break this level
09:11 and get outside of the channel and have the breakout so for the time being we looked at bitcoin dominance I'll stick with bitcoin as a 80% of my trading and of course I will remain long on bitcoin.
09:27 That's it from me. Hope it makes sense and this time give me some comments discuss with me because this is a kick ass video with a lot of you know, precision charts and a lot of educational hints.
09:41 So those are you that stayed with me until the end of this 10 minute video. You must have learned something and I hope that it does help.
09:51 Take care. Keep in touch.
โ ๏ธ Altcoins at Critical Resistance ๐ Time to Tread Carefully ๐จHey traders! Professor here ๐. Today, let's talk about something crucial: the 'Total 3' chart, which looks at the entire altcoin market minus Bitcoin and Ethereum. ๐
Right now, we're at a significant resistance level on the 8-hour chart. ๐ No breakout yet, making it risky to jump in. We might see some downside before going up, so keep an eye on the $335B and $319B levels. ๐ฏ
Bottom line: I'm staying cautious with alts for now and leaning more towards Bitcoin. Let's be smart and keep our eyes peeled. ๐
Comments and thoughts are welcome! Let's discuss! ๐จ๏ธ"
PS. We buy BIG if we see a breakout over the channel!!!!!
One Love,
The FXPROFESSOR ๐
#Others #altcoins #marketcap is about to fall in STF ?This is #total3 #altcoin marketcap , excluding #btc and #eth top major coins. This chart is showing early weakness in short time frame. As #bitcoin #dominance on the rise, this is not unusual. The big picture will be revealed soon , when #btcd moves hard.
NOT FINANCIAL ADVICE.