Total3
$TOTAL 3, ALTCOINS, ares in wait mode while $BTC adjusts#ALTCOIN are in an important position to BREAK UP or BREAK DOWN
The yellow line is VERY IMPORTANT
Redrew the lines we had before as CRYPTOCAP:TOTAL 3 (No CRYPTOCAP:BTC or CRYPTOCAP:ETH ) hasn't found its low yet (although may be basing)
Volume is reducing = good (less selling as it lowers is good)
RSI looks good
Lots of resistance but if #BTC moves higher then #altcoins should PUMP, pump hard
Growth/Losses of All Altcoins Excluding Eth vs. BitcoinHere's a look at major peaks and valleys in Bitcoin and Total3 (total altcoin market excluding Ethereum) starting from the Dec 2017 peak until now. First, a key to follow along:
Key:
- Solid Green/Red Lines = Peaks/Valleys occurring during the same week or day between both markets
- Dotted Green/Red Lines = Peaks/Valleys where dates deviate between the two markets
Traditionally peaks and valleys have happened around the same time, sometimes with minor deviation where altcoin market's peak or valley occurs shortly after Bitcoin's, if not on the same week or day, and altcoins as a whole have typically shown stronger losses than Bitcoin from peak to valley, in the past.
After the 2017/18 peaks, Total3 lost more, in less time, than Bitcoin. It peaked a few weeks later and then bottomed on the same week.
More recently, that deviation has grown in length and changed in scope. Here's how:
March 2020 low through the April/May peak:
--Total3 moved stronger and for longer (by just under a month) than Bitcoin. It typically does move stronger, but moves tend to end nearer to each other than what happened here.
November 2021 ATH to our most recent ATL:
-- Despite many alts having steeper losses than Bitcoin, as a whole Total3 lost approximately 3% less than Bitcoin and its valley occurred 6 weeks after Bitcoin's. In this case, it moved weaker than Bitcoin and has shown the longest deviation in the time it took to do so.
About a month ago, around April 13th, Bitcoin made a new local high. Altcoins haven't yet followed. Interesting, right?
That said, we still don't know for sure whether Bitcoin is headed towards a new peak or a new valley. Let's see how this plays out.
If TOTAL3 repeats itself...I don't particularly believe in fractals etc... however if TOTAL3 (altcoins market cap without BTC and ETH) repeate his previous run in the same time we should see next top at 1.273 trillions dollars. I think it could be higher but let's just stuck with the projection of history repeating itself.
Off course I made the projection assuming the bottom of this bearish channel will be touched again (it means new lows are coming). In that case go watch what price had your favourite altcoins last time TOTAL3 touched ATH (red arrow), assess where do you see it bottoming unless you think it has already bottomed and do a math proportion to understand where price could go.
This is an indicative method to understand which altcoins is more worth to accumulate during bear market.
Good luck
Crypto $TOTAL 3 been weak & likely has lil more to goUnless you're not on twitter #memecoin season hit hard & looks like it has likely GONE
This was a weird phase, very different from many others
Usually the pattern on break down = CRYPTOCAP:BTC > CRYPTOCAP:ETH > #altcoins > #memcoins
But most #crypto fell at same time this time around
Well, except SOME #memes
IMO the Bull is not dead BUT has a few spears in it (think Spain)
LONG TERM #crypto just retested BREAKOUT lvl
Need to expand long term chart
Altcoins not looking hot, but haven't in some timeCan't recall last time we had this much cash available for #stocks AND #Crypto
CRYPTOCAP:TOTAL 3 = NO CRYPTOCAP:BTC or CRYPTOCAP:ETH
IMO, unless change FAST, #altcoins look like they want to trade a lil lower still
(we haven't posted much here but we're still active, pls see profile. Making killer calls)
For Alt coins, Down trend has not finished yet.we ca see the value of total 3 still struggling in a flat channel and its is under declining trend line, by the fact that the BTC dominance is so high, if BTC starts a corrective wave it can affects dramatically on alts. so be cautious about your trade and the size of your account and leverage.
📈TOTAL3 is ready to rise above dynamic resistance📉CRYPTOCAP:TOTAL3
Hey everyone, first take a look at my previous analysis and positions.
As previously analyzed, alt-season is coming.
Don't forget to risk-free your position.
Please share ideas and leave a comment,
let me know what's your idea.
CrazyS✌
Total3Alt coins market cap
I think after the .236 retest and reclaiming the 2017 speculative high here we have a much greater chance of completing this IHS looking shape and see higher price levels
With banking issues worldwide the subsequent narrative will have to question what if defi?
And we should see some relief to the alt coin market cap if not the beginning of a new bullish cycle
BTC DOMINANCE Below this level, the alt season starts!BTC Dominance has a clear Support Zone inside 39.70% - 38.90%. This has been holding for almost 2 years.
The white line is the Total Crypto market cap excluding Bitcoin and Ethereum. Mostly negatively correlated to BTC Dom.
A break under the BTC Dominance Support Zone starts the alt season.
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