TOTAL2 Rising Wedge Multiple TopsRising wedge with a possible third top incoming, a H&S pattern and a perfect 200MA touch can be observed.
Totalcap
TOTAL2 Disbelief..I believe we are currently in a disbelief phase, with the recent spike in volume, price has TOTAL has soared, and a possible alt season is upon us. This alt season will be quite prolonged, due to the discrepancy in support levels between TOTAL and TOTAL2. A bullflag can be observed, as these aren't the highest performing chart patterns for myself, i have included a pullback area which is still bullish above the ichimoku cloud and an optimal entry point, for desired alts.
The MARKET came to the zone of strong resistance!The market came to the zone of strong resistance, it is the center of the channel. Judging by the market sentiment, we will actively try to break through this zone. If we are not able to consolidate above 137 billion, it is worth to wait for a serious rollback of the market. Watch.
TOTAL2 Will Survive!As you can see TOTAL2 is clinging onto the gaussian channel downtrend. This may be a possible reversal point for the alt coin market. ~57B.
TOTAL Volume analysisTOTAL has been on a massive bull run since the release of cryptocurrencies. PVT shows huge demand for cryptocurrency. Cumulative volume index shows a steady increase of buyers flowing into the market. Overall net trend is looks extremely positive. Included a fractal that shows a possible price reversal point at the long term uptrend.
TOTAL2 Massive island topFurther downsides expected in this bear market, this island top could reach a critical point where it flash crashes to, or near the 0 fib line.
TOTAL2 Rectangular bottomRectangular bottom with a triple bottom, short term bullishness expected. Continuation of bearish trend will likely follow. First time using this chart pattern.
TOTAL2 Ready for a golden crossThe altcoin market has experienced some major downsides in the past few weeks, short term target of 0.382 fib level pushing the market cap to ~65B. 4 hr time frame view.
TOTAL2 Bearish ActionSitting on bottom of Gaussian channel, room to either break channel or move upward. TOTAL% > TOTAL2% Bearish move imminent is my best observation from these two charts.
Weekly Total Market Cap (Oct 27) Cash out period really!#TOTAL $TOTAL #MARKETCAP #CAP #TOTALCAP
It is still a coincidence that the Total Market Capitalization will reach the 150B$ zone on Jan-01 2020.
But then, maybe we will see a big possibility that the market will bounce back above 300B$ in May 2020. At this time, BTC DOM is going down, which means that capitalization will flow into Altcoins.
But what we should do is to wait for the next delist to see money will flow into which Altcoins.
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TOTAL2 The wild little brotherCrosses incoming. Movement of TOTAL2 seems to be a lot stronger than that of TOTAL in both directions. Possibly indicative of alt season. Both however seem quite bullish.
Altseason! &extraPossible futures of altcoins, marketcap could be pushed back into the 100B+
Did I do the fibonacci spiral correctly? Couldn't find the tools to properly sketch out full roadmap of TOTAL2, let me know your thoughts
:)
Atlast the priceline entered in potential reversal zone of SharkAtlast the priceline of Cryptocurrency Total Market Cap. Exclude Bitcoin is entered in potential reversal zone after completing a bullish shark pattern.
The stochastic is already in oversold.
Volume profile of complete pattern is showing very low interest of cryptocurrecy trading at this area.
Histogram of MACD was strong bearish now it turned weak bearish from 1st to 9th Aug on four day chart, So this blink is an indication of bull signal soon.
We have a golden cross formation between 50MA and 100MA and both moving averages are also the strong support for the price action.
Since after Dec 2018 this is the 1st time that the price action is hitting the bollinger bands support.
Since after Jun 2018 atlast 1st time the ichimoku cloud is turned strong bullish and lagging span is still above the priceline, now the candle sticks are hitting the spike at bullish cloud.
RSI upto 2 day chart is oversold:
We have a strong support at: 75278567254, if the price action would be reversed from here then it can form a strong double bottom formation insha Allah.
So there are more indications that the altcoin bear market will be ending soon rather than the continuation of bearish market.
I have used Fibonacci sequence to set the long position and short position area as below:
Long position area starts from: 73021550046 to 59531072880
Short position area starts from: 90010083679 to 122244430179
Regards,
Atif Akbar (moon333)
TOTAL MARKETCAP IS UP Total marketcap is currently running well in the rectangular frame and I think it will be up,
the whole market will recover well this weekend.
Total market cap for cryptoTotal market cap for crypto now we are going down to 182 billion soon befor pumping to 336 billion so the alts coin will dump again so be careful and convert all your crypto to usdc or pax I will update soon after biancne completed the maintenance
Altcoins vs. Bitcoin - is there any hope left for Altcoins?Even with BTC over $6,400 and being up more than 75% since January 2019, we have not seen any major bullish move by the rest of the CryptoCurrencies.
The question is if correlation between Bitcoin and Altcoins are going to fade, or not!
In major crypto exchanges still the main currency is Bitcoin.
