TOTAL3 going from $1T to $T1.6 in next 2-3 months - 61% increasePerfect cup and handle pattern!
Target is $1.6T
Is that bullish enough?
TOTAL3 trade ideas
TOTAL3 Ascending Triangle PatternCRYPTOCAP:TOTAL3
I have been following this massive ascending triangle that has been forming on the TOTAL3 chart since the May correction. Notice how price has been unable to close any daily candles above the flat upper resistance bound. In the past few weeks this chart has consistently printed "doji's" as the consolidation inches closer to the upper resistance line. There is a clear ascending lower resistance bound that has formed as well.
The breakout target for this pattern would indicate a 70% move to the upside for this TOTAL3 index which would send many altcoins parabolic. It appears that price may continue to consolidate inside this pattern formation for up to 2 more weeks (~Nov.12).
My trading plan is to wait for a daily close above the resistance line and then open long positions in a few different altcoins that I feel have been suppressed. Best of luck to all during this coming altseason.
Alt rally covering up a rising wedge pattern?Some of you who are much more technical than I can point out that a rising wedge is formed along with a diverging volumetric trend. However it seems the recent alt breakout led by Solana and others have invalidated the rising wedge? I'm watching this one to see whether we continue this pattern.
TOTAL 3 IS READY TO GLOW UPNice pattern has formed on TOTAL 3 , this is capitalization excluding BTC and ETH and we have a target.
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TOTAL 3 breaking out!TOTAL 3 is the total marketcap minus Bitcoin and Ethereum.
Going to $1T real soon!
total market 3 looking bullishtotal market cap 3 ( the whole market cap excluding bitcoin and ether) in other words alts, is looking VERY BULLISH.
TOTAL 3 TO THE MOOONprice action makes me to think that exchanges are in pain for altcoins. there could too much longs or another sick situation for them to dump the altcoins. i dont know. But there's a clear cup and handle and for my prediction it will going to rise very sharply soon if there wouldn't any blackswan event. I dont think Bitcoin can go new ATH without altcoins. we can see big moves up and down on BTC.D.
Look for;
1.TOTAL3/TOTAL2 (Weekly)
2.TOTAL 2 inverted (Weekly)
3.BTCUSD inverted (Weekly)
I cant insert the links because I am not a PRO member. Just take a look the charts above and make your own desicion.
bearish cypher pattern held multiple bounceslooking for a breakout above the red bar to retest all time highs
TOTAL3 (Interval 1D) Cup & HandleThis is total market cap of ALL altcoins, This does not include ETH or BTC. This too is making a Cup & Handle pattern and if this plays out too then we are crossing the resistance of 990B and going towards price discovery In sha Allah.
Cup and Handle pattern - Altcoins indexCup with Handle is a bullish continuation pattern that marks a consolidation period followed by a breakout. There are two parts to the pattern: the cup and the handle. The cup forms after an advance and looks like a bowl or rounding bottom. As the cup is completed, a trading range develops on the right-hand side and the handle is formed. A subsequent breakout from the handle's trading range signals a continuation of the prior advance.
How this works
The cup should resemble a bowl or rounding bottom. The perfect pattern would have equal highs on both sides of the cup, but this is not always the case.
After the high forms on the right side of the cup, there is a pullback that forms the handle. The handle is the consolidation before breakout and can retrace up to 1/3 of the cup's advance, but usually not more.
The cup can be spread out from 1 to 6 months, occasionally longer. Ideally, the handle will form and complete over 1-4 weeks.
The buy point occurs when the stock breaks out or moves upward through the old point of resistance (right side of the cup). This breakout should occur with increased volume.
The price target following the breakout can be estimated by measuring the distance from the right top of the cup to the bottom of the cup and adding that number to the buy point. This should be used only as a guideline.
why BItcoin price not shows attractiveness on other altcoins?There is two major points that I want to share with you guys
1... bitcoin's dominance is high and price is high so we can see downtrends on Altcoins
2... If you see weekly chart of cryptocurrencies TOTAL 3, you will see that their is competition between bears and bulls TOTAL 3 wants to break it's all time high so it will take time that who will win.
TOTAL 3 : MOST BEAUTIFUL SCENARIO This Chart Shows Gate Of Altcoin Season But Looks Like Would Not Work
Cup and Handle on TOTAL MarketCap excluding BTC and Eth?Cup and Handle on Total marketcap excluding BTC and Eth?
TOTAL3 Cup and Handle FormingImportant things to note:
The basing pattern can been see in a lot of different altcoins depending on their release.
There is a strong basing pattern followed by the formation of a handle.
I have created the target if the pattern completes.
Target is depth of cup added to the top of the cup.
543 + 922 = 1456
This target will represent the boom of altcoins during the rest of the bull cycle.
Market cap will likely be higher than this when the dust settles.
So, I decided to take a break from ADA today since I have said everything that needs to be said at the moment and we are just waiting. What I wanted you to look at was the market cap of the total3 which includes all altcoins except BTC and ETH. If you have any worries of where the market is going, just take a look at the pattern forming at the moment. We have a strong basing pattern (which has been seen in many altcoins) followed by the handle which is forming now). Personally, I do not expect this pattern to break to the downside. BTC has reversed its bearish trend and is back to bullish. I have created the target you see by adding the depth of the cup to the top of the cup which gives us a target of 1456. This altcoin boom will be represented in the rest of our bull cycle. I think the biggest runs will line up with the approval of the 4 BTC ETFs with deadlines of Nov. 21, Dec. 8, Dec. 11 and Dec. 24. Some people (like PlanB) have suggested the bull run might go a bit longer than originally thought, (at least 6 months). I don't know anyone better at predicting long term trends using stock to flow modelling than PlanB. Anyways, I hope you all sit back and enjoy the fireworks. Smaller altcoins will likely run 10X or more, and larger ones can see a 3-4X run in my opinion. We will see how this goes! Thanks again for the support everyone!
I am going to make a video soon teaching everyone my approach to charting. I will cover the entire workflow process I go through. I hope you enjoy it.
Tell me what you think?
This is not financial advice. DYODD.
Super Super Bullish Market Cap. Time to go LONG 🐂 📈 -ConFiDenTConsidering the monthly chart just opened we are seeing a very strong Bullish chart on Total Market Cap. Its time to go aggressive into the market.
BTC , ETH, will likely test ATH
🐂 📈
Total 2
Total 1
The monthly charts are sreaming Buy me, Buy Me. This is no time to short!
TOTAL3 - TO THE MOON If it breaks a downtrend line, cryptocurrencies will take off. Stay tuned
In the above chart analysis I rely only on trend lines
Total market cap 3Fib zone in total market 3 for altcoin analysis
Because the total market is full of fear and excitement and natural human behavior at Fibonacci levels, it really has after analyzing the total trend lines, support levels, and Fibonacci levels of use.
Possible breakout in the altcoin marketSo as we can see here, there is a pennant forming in TOTAL3 (altcoin market excluding ETH). It's basically the same in TOTAL2 (altcoin market with ETH), but there are more points to the upper resistance trendline on the pennant in TOTAL3, so I thought it was more accurate.
As this is a continuation pattern, it's most likely to have a breakthrough. In that case, taking the height of the flagpole to a possible breakout point there would be 60% gains until 1.4T market cap and a massive rally till the end of the year possibly.
If there is a breakdown, there would be a 60% drop in the market cap of alts an we would continue to be in a bear market.
Even if there is a breakdown we need to watch the 20 and 50 daily EMA because if the PA breaks these supports and the 20 crosses the 50 that would confirm the continuation of the bear market.
In addition, if you look at the PA, it is very similar to the period from December 2020 to February 2021, and after that the bull run continued.
This is not financial advice, DYOR. Don't listen to an Explosive_Cow ;)
If you found this helpful drop a like and a follow if you want to see more of my ideas :D
correlation btc shorts dominance altcoins updateafter we broke the demand line on total3 it hasnt been that easy to trade uptrend, if total can repair its trendline while shorts fall & dominance falls, altseason will continue. but if shorts keep building as total3 falls it will break this bullish correlation. which has been working since end of july, so IMO worth keeping eyes on for a macro shift back to bull or bear
