Further pull back for altcoinsThere is a chance to further pull back for CRYPTOCAP:TOTAL3 on monthly chart.
TOTAL3 trade ideas
From Decline to Opportunity: Total3 Poised for RecoveryAfter breaking below the critical $1.04T support level yesterday, Total3 experienced a sharp decline, finding its footing at a key horizontal support level.
This drop coincided with many altcoins also reaching their respective support zones. For traders, this presented an attractive opportunity to enter the market at more favorable prices, effectively halting the downward momentum.
Currently, the chart shows a promising reversal forming. As long as this horizontal support level holds, there is a strong likelihood of continued upward movement, potentially paving the way for a new all-time high.
Total3 behaviour when Bitcoin is ranging under an important lineThe chart demonstrates how Total3 grows with delay after a BTC break through.
Before the break, Total3 tends to range with high shadows very both low and up side.
Expect Volatility for Altcoins: Key Levels to WatchTOTAL3 (Total Market Cap excluding BTC and ETH) is currently oscillating between $1 Trillion and $1.1 Trillion, presenting a tight range that traders are closely monitoring. Here’s what could happen next:
1. Range Rebound: A dip to $1 Trillion with a strong bullish rejection at this support could drive the market to test the top of the range at $1.1 Trillion.
2. Breakout Opportunity: A successful breakout above $1.1 Trillion would signal bullish momentum, potentially lifting Altcoin Market to $1.2 Trillion and marking the continuation of Altseason.
3. Bearish Scenario: Failing to hold the $1 Trillion support level would likely trigger short-term bearish sentiment, pushing Altcoin Market cap down by approximately 10%, targeting $0.9 Trillion.
Total3 - Alts Cup and Handle target met retrospective draw 50%Lessons learned: Bullish target for cup and handle for breakout of alt season in 2024 met exactly
I did spot this much earlier which allowed me to get more aggressive on alts earlier - in reality I added and this chart also with BTC making similar set up encouraged me to not dump my alts at the low when many capitulated right before the market took off.
Just sharing the draw to spread the education and a good example of a cup and handle and where do you position the target. In this case on the break out line which had a capping descending grind line acting as a signal to buyers. You can see the larger volume green candle coming in to play as confirmation that the alt season was well under way.
Also when this happened many alts made an Asc triangle confirming upside direction in the next cycle I hope this helps people know when to add into alts. I suspect some bullish chart pattern will develop and until the capping trend line is broken the volume does not really come in
So now maybe the Alt bull run may be truncated because initial targets are all ready been hit and we are no into over performance - I hope not but we must be careful to lose any money but equally careful not to leave too much on the table. A normal crypto bull alt cycle we would expect to close out late summer 2025. With equities being so over valued maybe its early this cycle, watch careful after 20 Jan when Trump takes office. Watch careful after 1st qtr as many tax returns are done then in other countries and lets hope it runs 10x until next summer and we all get rich! sounds too good and too easy to be true!
The boat with the altcoins is SINKING!I see a picture that altcoins are overheated very much both by indicator and channel. Everything is in equinox and harmony in this world. TOTAL3 is turning downward. I will be ready to buy back altcoins at the price of the middle of the channel - 167 bln. Carefully. 578-600 days are full cycles, in sum I see that the price of TOTAL3 has peaked.
If we add up the height of the 2nd red wave and the 3rd green wave, we get the height of the first green wave, so everything came to equilibrium and confirms further market reversal. 578-600 days are full cycles, in total I see that the price of TOTAL3 has peaked.
TOTAL3 update
CRYPTO TOTAL MARKET CAP looks bullish as hell and it seems the institutional adoption of crypto this time would be bigger that we can imagine
This bullrun maybe actually take the market yp to 1.5T, 2T & even 3T dollars
However, in lower timeframes this index has not broken above the previous ATH so we maybe see some real liquidation & correction before realizing these goals. So pick your investments wisely to avoid big losses
Total3 ready for #Altcoins rallyAfter #Alts market cap total closed above the 2018 ATH level for 3 months, the 2020-2021 altcoin rally has begun. The monthly closing was completed above the 2021 ATH level. I am waiting for a major upward wave
ALT COINs breaking the almost 2 year descending channelI made an interesting comparison between the TOTAL3 (ALT COIN Market Cap, i.e, excluding BTC and ETH) and the BTC Market Cap.
As you can see this ratio just broke the 2 year descending channel with big volumes, projecting a 1:1 capitalization between the two.
Heres are some key notes:
The RSI and MACD bullish divergences also suggest a strong trend reversal.
BTC Market Cap can easily reach 3 trillion dollars , the 2.618 fibonacci extension. This is a reasonable assumption since, in the last run, it reached the 4.236 extension quite fast. If both market caps should match - and my projection gets it's way - that means a 2 trillion dollars increase in the ALT COINs market capitalization (almost 3x)
I've been accumulating on a couple of alts since the end of last year, and I hope now is the time to bring some returns on that.
Stay safe!
Alt Season is getting startedTotal3 has a potential increase of 58% at minimum. This means the altcoins that have not yet increased by 200% to 300% will soon do so. We still have some fuel left! Merry Christmas!
Variation of last chart but daily. Alt scenario guess from here This here is a variation of my last but just on the daily instead and another wishful thinking price scenario guess for the altcoins from here. Came up with this scenario guess by using an amalgamation of different ta principles i picked up here and there like described on last chart mixed with a little bit of just intuition guessing, moon cycle theories, and real world time events. Could be totally wrong, not an expert, just throwing my guess based on my level of knowledge, just in case it turns out to be spot on.
ALts market Cap TOTAL2 x TOTAL3#Altcoins Market Cap TOTAL2 and TOTAL3 are in the final breakout phase before the 2020-2021 Mega #Altseason 🧲
Altcoin Market Cap - Target - 2.5 TrillionHow do determine if its the right time to out on Alt Coin trades? Easy. Look at total Crypto Market Cap, less ETH & BTC. Long term uptrend. Market Cap Just held support on long term up trend and If we are to truly enter the Banana Zone, I’m looking to $2.5 Trillion as the top end target. Once we are at higher timeframe oversold conditions (Weekly, Monthly) average out and take profits.
This could be where the $$$ is made…
altcoins parabolic run preparing!#Altcoins parabolic run is closer than we expected!
As of Q4, the alts run has started and it will get harder and harder over time.
TOTAL3 - Altcoin market cap Heading towards 2T USD. Confluence with BTCDOM and other fundamentals. Pending some huge catalyst.
TOTAL3 2H: Bull Flag Formation - 1.6T TargetThe TOTAL3 index, representing the total cryptocurrency market capitalization excluding Bitcoin and Ethereum, is displaying a bullish continuation pattern in the form of a bull flag. The market has established a strong uptrend, followed by a consolidation period that appears to be setting up for another leg higher.
Key Technical Observations:
The primary trend is decisively bullish, with price action showing a steep ascent from around 600B to 1.14T market cap. The recent consolidation has formed a flag pattern, with parallel downward-sloping lines containing the price action. This type of consolidation after a strong move is typically a continuation pattern, suggesting the bullish momentum may resume. The volume profile during the consolidation appears to be diminishing, which is characteristic of flag patterns and supports the continuation thesis.
Price Targets:
Based on the measured move technique for flag patterns, taking the flagpole's height and projecting it from the breakout point, the primary target extends to approximately 1.6T. This projection aligns with the principle that crypto markets often extend previous moves after corrections. The target represents a significant psychological level that could act as a major resistance zone.
Trading Setup:
- Entry Conditions: Look for a decisive break above the upper flag boundary at approximately 1.14T, preferably with increased volume
- Initial Stop Loss: Place below the lower flag boundary around 1.07T
- Take Profit Levels: Primary target at 1.6T, with potential intermediate resistance at 1.3T and 1.4T
Risk Management:
- Stop Loss Placement: The tight consolidation pattern allows for a relatively close stop loss, improving the risk-reward ratio
- Market Conditions to Watch: Monitor Bitcoin and Ethereum's price action as they can influence the broader market sentiment
Additional Considerations:
The current consolidation is occurring at all-time high levels for TOTAL3, suggesting strong underlying strength in the altcoin market. The clean technical pattern, combined with the strategic location of the consolidation, provides a favorable setup for continuation.
Trade Validation:
- Bullish Case: A high-volume breakout above 1.14T would confirm the pattern
- Invalidation: A decisive break below 1.07T would negate the immediate bullish setup
Market Context:
The altcoin market has shown significant strength relative to Bitcoin and Ethereum, indicating growing interest in the broader cryptocurrency ecosystem. This suggests potential capital rotation into alternative cryptocurrencies, which could support the bullish thesis.
Total3 in weekly chart All of us are waiting for a bull run in the crypto market and I think this chart should be considered.
My last idea of this chart was different and I expected to experience bull market sooner but I have modified that to this counting.
I am note sure about its counting.
Thanks
Alt Season Is ComingThis is the total market cap of crypto, excluding Bitcoin and Ethereum. While charting something like this is speculative since it is not a traded asset, analyzing its movements can provide insights into the potential for altseason. Last week, Total3 reached its all-time high, touching the peak from November 2021 at 1.13T, before being rejected.
Currently, total market cap, including Bitcoin and Ethereum, is already breaking new highs, indicating that Bitcoin has been leading the charge, with its price appreciation driving overall market cap growth.
Take note of the left side of this chart—December 2020 marks the equivalent point in the previous 4-year cycle.
The potential here is significant: if we break to a new all-time high, altcoins could go parabolic in 2025.
Let’s hope history repeats itself.
Total market cap (excluding BTC)
The total market cap excluding Bitcoin shows a significant breakout from a bull flag or parallel trading channel, followed by a retest. Currently, the market cap has reached a measured move that aligns with both the 1.618 and 1.886 Fibonacci retracement levels. It appears to be consolidating or bouncing between these two Fibonacci levels as it awaits further structural development. This movement can be interpreted as a healthy upward trend in the broader crypto market excluding Bitcoin. Must be noted we have bearish signals forming on longer timeframes on macd and RSI. 👀👀. Nfa 💡👌
TOTAL3 Still Needs to Correct before FULL ALT SEASONTotal 3 still has a ways down to go and some consolidation before we can really send this thing into full on alt season.
I expect it to retrace somewhere in the 850-900b range and consolidate there above the previous high of about 800b
Elliot waves pattern playing out perfect and I think once we do consolidate we will see absolutely explosive gains into the next wave.
TOTAL 3#Altcoins just broke through the monthly supply zone and fixed above the one🔥
It's the last opportunity to load NASDAQ:ALTS at the dip for this cycle! Do not miss out🚀
TOTAL 3 Update Total Marketcap Altcoin TOTAL 3 Update
If the capitalization of the total of these 3 is successfully penetrated,. AltCoin season is about to get crazier than ever.
Massive -17% flash crash! Stop loss hunting, liquidity grab!CRYPTOCAP:TOTAL3 experienced a historic flash crash that impacted all altcoins, with most losing up to 25% within minutes before bouncing back.
This coordinated crash likely affected many cautious holders who had placed stop-loss orders at -10% to -20%, waking up to the unpleasant realization that they lost significant positions during the event.
This incident highlights the brutal nature of unregulated markets. Additionally, numerous leveraged longs were likely liquidated, particularly in the altcoin sector.
The $100 billion drop has undoubtedly caused widespread pain but could also inject liquidity into the market, potentially fueling a future upward move.
Leverage remains inherently risky, and stop-loss orders must be carefully monitored to avoid falling victim to these liquidity-grab tactics orchestrated by market makers.
In this market, it’s not just trading—it’s a battlefield. Stay vigilant.
