TOTAL3 - 1D - It might be Alt time!Not a financial advisor!
After the last price correction, Total3 is reaching a trendline.
Momentum hasn't yet shifted to the upside but but but
I am hopping that a cup and handle that has been formed for the last 3/4 years will perform as expected!!
Let's wait for that momentum to shift at the trendline to confirm that bullish reversal!
Good luck!
TOTAL3 trade ideas
Potential Alts long sometime next week.As mentioned in my video, the market may reach down here to the .618 to .786 level. Since the weekly and monthly stochastics are at a low, I am long for the time being, so I do not want to be shorting this market before it gets there.
If the market reaches there into that zone, and if I am seeing the profiles I expect on the oscillators:
1. stochastics RSI in over sold
2. Surge turning up and displaying a back and front divergence.
then I will be getting in my favorite Alts at God-speed! Let's see what happens!
Thanks for watching and reading my post.
TOTAL 3 MARKETCAP HEAD AND SHOULDERS PATTERN!This is my theory on the Total 3 Market Cap.
A smaller Head and Shoulders pattern has formed on the daily and the weekly TF and it is currently holding above the neckline.
A larger Head and Shoulder could be potentially forming as shown on the chart with a W pattern followed by a ABC Corrective Wave.
If this theory plays out then ALTS would get NUKED target shown on chart.
NFA.
ALTS SEASON IS COMMING were seeing a strong alt seaon this last remaining months
of bullrun between feb 2022 to september 2022 are parameters
here is federal interest rates ( see attached photo)
right now alts at downtrend channel but theirs a strong set up inside
the channel and we see the inverted head and shoulder which is telling
us breakout from above downtrend is ready and it will happen this week.
lets see which altcoins will move to 10x to 15x this time.
Alts are on the brink of melting faces.As you can see Total 3 is in a descending broadening wedge and was most recently rejected at the upper diagonal line of resistance.
Assuming BTC continues it's bullish reversal we can expect Alt's to do likewise.
Could we come back down and test the recent lows again? Yes. But there's also a good probability that we hold the 720B area as support and attempt at breaking out of the descending line of resistance. A break above would finalize an inverse head and shoulder pattern with a breakout target at the .786 fib level which is approximately at 1 trillion.
I think we could see this break out around mid-late February with a run towards 1 trillion ending at around mid-March.