where that money is going to?I do not see that reflecting on the market, where this 15 billion dollars are? because alt coins are not moving
That is a honest question and if you know point it out to me...
TOTAL3 trade ideas
Narratives, Blockchain to AI and the bounce...TOTAL3 over NASDAQ tells a story of shifting narratives. When we reach range low here, I expect the "remaining winners" (BTC, SOL, ETH, etc.) to have a stronger bounce than TOTAL3 itself, so whilst this is a strong indicator and confluence, you'll want to pair with entries on specific coins to achieve higher beta.
Total3: 500D trendline brokenThe Total MC excl. BTC and ETH (Total 3) has broken a trendline that it has been under for 500+ days.
Currently it's retesting an order block/weekly level.
The Altcoin Season Index (Blockchaincenter.net) is at 39 and climbing.
Putting on my rose coloured glasses: up from here? :)
📈 We've Been Here Before | Altcoins Market -Bitcoin- Boom!It is a repeating theme and a signal that we've used successfully many times in the past, using the Altcoins market to gauge Bitcoin's strength.
Bitcoin (BTCUSD) is hard to read, it can't be any other way. It is a big market, a huge market and millions of professionals gather daily in front of their computers and electronic devices to make money, lose money; to trade.
Please be compassionate if at times we get it wrong, it is not an easy game and while some signals are quite "clear", they can be fake and are produced by a strong market force. Again, there are millions and millions of people playing but only a small few hold all the firing power, so we are bound to be tricked every now and then.
We make no excuse, losing, sweating, fighting, learning, growing... Winning! It is all part of the game.
We've been here before. The Cryptocurrency market, Bitcoin, is in a consolidation pattern, it is hard to tell if the next major move will be down or up but there is a signal we used before in the past that produces 100% success. While we can't tell by the Bitcoin charts, the Altcoins reveal the game.
When Bitcoin is consolidating and puts everybody in doubt mode, we can know perfectly well what is going to happen based on where the Altcoins go.
If Bitcoin goes sideways and the entire Altcoins market goes red, we get a very strong warning as to what might potentially happen next.
If Bitcoin goes sideways and the Altcoins also, they all stop, we can become doubtful and not know certainly what's to come.
But when Bitcoin goes sideways and the Altcoins market starts booming, major breakouts, 3 digits growth every single day, hundreds of pairs growing, we know what will happen next.
The fact that the Altcoins market is bullish, signals that Bitcoin is bullish as well.
When the consolidation phase is over, Bitcoin will move ahead.
Allow some time for this to develop, price fluctuations are normal, down or up. Short-term there can be swings, shakeouts, volatility... But the major move nonetheless will end up being up.
Bitcoin will break bullish, you can tell by looking at how the Altcoins grow.
This signal always worked in the past, it will work again... The market will grow for months!
You read that? MONTHS!
Just watch!
It is inevitable!
It will happen even if we undergo the much feared/anticipated...
Namaste.
Are we nearly there yet? Wen Alt Season?A custom chart that shows the total market capitalization of altcoins. Achieved by the exclusion of eth, wbtc, usdt, usdc - note DAI+BUSD are still accounted for...
Ticker:
(CRYPTOCAP:TOTAL3-CRYPTOCAP:USDT-CRYPTOCAP:USDC-CRYPTOCAP:WBTC)/1000000000
An incoming last correction wave for #altcoins #total3 presents #altcoins ' market cap excluding #btc and #eth . After the 1st long correction wave, the chart formed falling channel. This formation will be completed with the 3rd correction wave and the dip of the channel will occur. When Elliott' s 123 correction wave is finished, the falling channel will turn bullish. This may be after the halving. 3rd wave seems to plunge altcoins' average by min. %30. Be careful till Q2 2024.
NOT FINANCIAL ADVICE. Dyor.
TOTAL3 - (DAI USDT USDC market caps)In case you are not familiar:
TOTAL3 = Total crypto market cap - BTC and ETH market caps.
What I did in this chart is further subtract out the three major stable coin market caps.
TOTAL3 - (DAI USDT USDC market caps).
To be exact:
CRYPTOCAP:TOTAL3-CRYPTOCAP:DAI-CRYPTOCAP:USDT-CRYPTOCAP:USDC
Since their price is pegged to $1, they serve as a dampening effect to the chart. I remove them to get more of a true value for what TOTAL3 should be.
I then did an Elliott wave analysis. In addition, I set a fibonacci target of -0.236, although this is not a traded asset, but a aggregation of traded assets. So we'll see. It looks like alts will do one more wave down, then the bull run starts.
I am a CEWA level 1 Elliottician.
TOTAL3 analysis 1hTotal 3 trend lines are broken and fall to at least 322
The mid-term targets are as follows
318B$
314B$
311B$
309B$
If altcoins fall, they can fall between 5 and 20 percent
TOTAL 3....D= technical analysis for total 3
= Analysis on the daily time frame
= The analysis is based on the Wyckoff circle analysis
= The strongest scenario is the ascent in two stages, the first to level 442.197b .. and the second to level 632.939b
TOTAL3, Trend, daily closer look into Total3 weekly chart which was published in past days.
due to Daily Bull divergence in making with potential upside path shown
TOTAL3 trend!2 sets of Fib lines drawn on this chart,
long term Bull fib ext. in Black colour &
Bear Fib ext drawn from prior 2 tops which suggests an ABC corrective pattern, expanded Flat, in play. such patterns often get extended to multiples of Golden fib ratio in worst cases.
even with worst case scenario up move of correction of the whole bear leg is well over due .
expected levels in case of an ABC upward and if more optimistic view continuation to upper levels shown on chart.
Weekly momentum , bull divergence in play, also same bull divergence seen on daily.
The Crypto market bottom is close !!Total 3 analysis ( all market cap except BTC -ETH)
Iam surprised how this chart looks so similar to famous market cycle physiology chart
According to the famous model we are likely to form the final low (Depression phase) very soon in Q4/2023 or early 2024 after that new bull cycle start !
Be patient the hardest moves of bears are done
Gold things take time
Best of wishes
Crypto BreakdownDiscussing the price-action on BTC, ETH and TOTAL 3 (altcoins)
Stay composed. Act accordingly.
TOTAL3 - WallStreet Psychology matchingTOTAL3 is how following perfectly the wallstreet psychology cheat sheet.
for fun, tried a fibo extension on this stage. could this lead us to a TOTAL 250B$ ?
Would be -21% fall from where it is now
Crypto Total Market Cap Made SimpleNo need for fancy lines! Below the sleep mode lines and walls (previous support turned resistance), you are in the bad zone.
GO long when the opposite happens.
Level by level killing useless coinsWe are in a different era for the crypto industry. Although some meme coins pop up time to time, the market struggles to get new money. CRYPTOCAP:TOTAL3 shows the total crypto marketcap excluding BINANCE:BTCUSD and BINANCE:ETHUSD . We can see that the price established levels and is struggling to move upward. This means that the players need to select useful projects and rotate money to catch up the big moves. Thus, whenever we loose a level, useless coins loose big percentages (10-20%). For now we are holding this big support zone, loosing this zone means that crypto exchanges are going to delist your shitcoins. Be selective when building the long-term bag.
Disclaimer – WhaleGambit. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
TOTAL3 By HesamUNT ( Bloody alts )hey traders
check this weekly zone at TOTAL3
theres a huge descending triangle pattern in this zone
Target confirmed by all time Fib retracement and extention
what u think ? share ur thoughts and leave a comment
TOTAL3 is in the Global Purchase Zone!!!Global Purchase Zone 388.685-275.539
Purchase level 336.268
Local purchase zone 331.297-247.814
Purchase level 293.175
Sweet Shopping Zone 323.856-286.795
Volume price 351.584
Total volume price 373.861
We have just broken through the price of the withdrawal with an impulse!!!
At the moment we brought 18.154 billion into the market!!!
Perhaps we witnessed the beginning of the growth of TOTLA3 the rest did not look!
2023/08/11BTC DOMINANCE has pulled back after many days. Broke support and got back in. However losing volume. Possible shot at 51% either BTC price goes up and alts crash.
USDT is on a sideway market. Rejected from the resistance reaching support at 7.13%. A possible short term bounce expected.
ETHBTC. Is going sideways. But close to the support at 0.055 and then should see more volume come in at that level. BTC price will be stronger than etherium.
TOTAL1 will reach 1.192 possibly pumping BTC in short term.
TOTAL2 probably reach its support.
TOTAL3 will find it’s support at 318
Analysis of Market Cap without BTC and ETHZooming in on the crypto pantheon, Ethereum and Bitcoin emerge as the twin pillars of utmost valuation, casting their colossal shadows across the market expanse. Yet, peeling away these titans unveils a tableau replete with intriguing dynamics. Notably, the breach of the $342 billion support yields an evocative narrative, followed by a subsequent test of this level in the guise of a resistance. This pivotal juncture propels altcoins toward an unmistakable downward trajectory. In the wake of this revelation, bearish sentiments eclipse the altcoin horizon, portending a looming sell-off, the reverberations of which could steer the collective search for a secure foothold within the confines of the $321 billion to $326 billion range. This impending support assumes paramount importance, as any transgression could potentially instigate a more dramatic and exacerbated sell-off, effectively reverting the altcoin realm to a precarious juncture nestled within the $287 billion to $293 billion range. This disheartening sequence mirrors a historical pattern of dual sell-offs, elegantly depicted in the data-laden chart.
Alts need a 'Small Push' for a HUGE Pump!Market keeps going sideways after XRP vs SEC news favored the crypto market.
Today i will not talk about Fundamentals though but about Technical (TA).
What i like to call the 'All Time Trendline' is the biggest level in my analysis.
In this case this has clearly acted as support in March this year and more recently in June this summer.
At this stage this same level is resistance at 377 Billions.
If and when this level can be breached it can result to a massive Pump (a Rise) in Altcoins as the next level would be much higher at 600 billion dollars.
The price is trapped in a descending channel and those more likely end up offering breakouts.
We are very close to that breakout, we practically need a 'little push' over the 380 billion level.
Nasdaq might give us that little push coming closer to All Time Highs.
Be aware: we are still at resistance (the channel/yellow levels). We still need that little push to break much higher! So we will be on alert!
the Bad scenario is rejection and lower in the channel..still priced at 37-38% likelihood for 296 billion Total 3.
One Love,
The FXPROFESSOR
PS. Time for Alts to rise Bitcoin higher or will a systemic risk do the opposite? We will find out in the next 2-3 months! stay close, stay focused.
Total3 - Altcoins - Looks poised to PUMPDid post some some semi bullish tweets, (pls see profile for more info) with individual names. But let's touch on #altcoins as they are my fav :)
4Hr chart shows
Did speak on positive divergence few times
RSI over 50 = GOOD
Bullish Moving Avg crossover
HERE IT GETS INTERESTING
Almost forgot that there's TWO inverse head & shoulder patterns for
TOTAL 3 (no CRYPTOCAP:BTC or MIL:ETH )
Smaller has been forming since April and the MUCH LARGER one has been in the making for over year!
If it breaks with volume = #crypto #altcoins🚀🚀🚀
TOTAL2Hello Dears
As the chart shows us that TOTALL 2 and TOTAL3 are on their bearish way .
I think this year MUST focus on short position or trade in Forex.
