Just a guess based on historyLooks like history is repeating itself. Lets see how this plays out. lmk what yall think.
TOTAL2 trade ideas
TOTAL2/BTCUSD Alternative DominanceHello everyone,
This is an alternative version of Btc Dominance. To keep it simple, it's the flipped version of the dominance but gives you a clear view regarding to altcoins vs btc dominance.
btc D could be getting rejected here! almost time for some ALTssee video for details might seee rejection on btc d here if we do we might see some money roll back in if we push up we need 41.50 to see a strong rejection
place your betsa picture is worth a thousand words.
and no, i'm not suggesting that i think the alt market cap is about to go +65,000%, but.......
MarketCap - Still Early!! (Rapid Increase) An idea using mainly the True Strength Indicator, which shows an evident two comparable points, we are at a point of continuation.
Using the Log trend indicator it shows a slow period of increase (which we are in) and then a greatly more rapid one, which we are on the brink of
Lets see how it plays out
Linking some relevant charts
Bear market rather sooner than laterI'm back everyone, sorry for being absent. I was in Tradingview jail... great timing - I'm sure you must be happy about that given recent market fluctuations. Check my link in bio for more analyses.
Now, we have started our downtrend on almost all coins, most have topped for this year, some are setting their last ATH. There are multiple reasons for this downtrend:
- Tapering & interest rate hike fed
We have the FOMC this week and tapering will start earlier, this means the fed will phase out its support program. There might be also interest hike which will control inflation. Simply this means less money is being pumped into the market and money is getting more expensive.
- Options expiration 24 dec
This is main reason for the downtrend and I do expect a significant correction before the 24th of dec. There is a huge options expiration on dec 24. There are usually two major expirations; half yearly: June and yearly: December. We know what happened in April & May before the half yearly expiration so you can get an idea of what will happen this month.
- Tether
We have increased regulation incoming for especially stable coins. Given Tether is rather shady and their book keeping is not transparent, we might see problems for USDT along the line. I do not think they do not have enough on their balance to back USDT's. Honestly I think they swim in money given the bull market we have seen but they might not comply with regulations which forces exchanges to step out of USDT for another stablecoin solution. Tether pumps the market, that's the truth - so if their market cap comes down, so will the market. When will this happen? Probably in 2022, we should focus on the options of Dec 24th first.
From a technical standpoint, we can see that we are at the end of wave 5; depending on how you'd count the waves but more important the RSI; in this case TDI. We see a bearish divergence on the weekly; a higher high and a lower high on the TDI. Furthermore we can see that if the fast moving RSI (red) crosses below the market base (yellow line) its historically time for a fierce correction if the slow moving RSI (green) stay below the fast moving. Check the orange squares to see what happened before. So what to do? I will post videos about specific strategies you can follow as a hodler, swing trader or leverage trader.
A bearish scenario is only invalidated when we break the downward sloping resistance and hold it as support for at least two consecutive weekly closes. Many people are screaming alt season, that's just nonsense, we've been in alt season since January. Lets see how this crucial month develops....
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
LINK IN BIO: new youtube channel starting soon, teaching you different winning strategies.
Short ALTs Season is comingHello all,
The ratios and harmonics show that the ABCD pattern in the immediate order flow will get in confluence with the bigger order flows at the ellipse which will lead to correction (0,38 FIb - 0,50) of the ABCD completion. That means that we will have a short ALTs run and then we will get it the boring correction again until we find strong support probably at the 0,38 Fib correction. Then we could expect the actual ALTs season. (Probably after February). Let's see what the market will roll out for us.
🔥 Altcoin Marketcap: Multi-Year Fractal Bullish OutlookThe altcoin market cap is calculated by taking the total market cap of crypto and subtract the total market cap of Bitcoin. This means that we're currently looking at the total valuation of all the altcoins put together.
When we look at the altcoin market cap, we can clearly see that the period from the 2017 top till now is following almost an identical copy of the pattern from the 2014 top till the mid-cycle break out.
The yellow arcs within the rising wedge pattern form a massive multi-year cup & handle pattern. These patterns are classically bullish break out patterns.
I highly doubt that we're going to get a ~57,000% like last time, but a >500% is certainly a possibility. I'm aware that this analysis is highly speculative since we can only compare it to one previous occurrence. Still, it's a nice future outlook.
Below you can find a zoomed in comparison of the fractals.
Previous fractal:
Current factal:
TOTAL 2 starting new cycle ? ♼Hi everyone,
wish y'all have a profitable life. 🕊
📍 As we have the TOTAL2 chart here, I personally think about a new cycle on the rise. The previous cycles have already been finished through 0-1 ; 1-2 corrections.
📍 We had an extremely important resistance line above the TOTAL 2 chart which held the further rise. However, we may have already finished the smaller correction and see a new cycle.
📍 I wait for the re-test of the resistance high or the pullback to the trend line.
THIS IS NOT A FINANCIAL ADVICE
TOTALMCAP Daily IdeaTwo channels drawn, comparison can be made between the two
Key areas in green and red
Looking for bull continuation
ALTCOIN Recovery??The alt coin total market cap is starting to get good support of the previous ATH. It also looks like its drawing a falling wedge for a reversal which could take us up to 1.6 trillion market cap. This would be great for ALTS. I think there is more relief in the cards for crypto in the short term. I'm also getting suspicious of this dump being the last big shake out before another crypto run. No guarantees yet but I'm seeing some bullish signs.
There's nothing to add.Market is afraid of the Fed meeting on Wednesday.
On 4H already has all three death crosses on it.
We are waiting for development this process.
Pray for those who insist on growth.
Crypto Total2 elliot wave new analysisHey Guys I just made a new analysis of TOTAL2 using ELLIOT WAVES count Don't hesitate to share your ideas Thanks
TOTAL CRYPTO MARKET EXCLUDING BTC ANALYSIS AND OPPORTUNITIESFrom the chart, we speculated the market and looked at the bearishness of the market from the chart the market tested the 0.5fib level and we can see how the buyers pushed the market from that level and the candlestick sentiment shows buyers' pressure.
The greed index indicates opportunity to buy.
speculations 1. Bearishness 0.618 and 0.786 for further downwards.
2.Bulliness :FIb extension of 1 to the upside.
Advice; Buy Bags of ecosystem coins; ADA, SOL, DOT , Eth, Avax
Buy bags of metaverse and gaming coins: MANA, Sand, Axs, Enj
Cost Averaging on the dips.
Tradehubng
T2Although I was talking about this rejection turning out potentially badly if we didn’t rip back above. We could still be holding a pattern here. Still HOPE for alts ! It’s almost hammering time here. Get your buys ready! Alts could see a nice push back up soon
Crypto Total2 elliot wave analysisHey Guys
I just made an analysis of TOTAL2 using ELLIOT WAVES count
Don't hesitate to share your ideas
Thanks
Recognizing why the dip was snatched up so fastAreas of interest are in red and green
Green shows an area of support and of more importance, demand
Clear resistances have turned into points of support
The dip was a short-lived one due to these factors
total 2 this is a big chart showing data of the top 125 cryptos excluding BTC!! we can see the bullish trend we have been in recently creating another beautiful consolidation pattern with a LARGE powerful bullish move leading into it. that being said, we had a potential fake breakout of this symmetrical triangle, however I moved the trendline to prove monster resistance line where we rejected hard, however since the breakdown, we came back up and currently we are testing the previous support as resistance as of NOW! however, if we can reclaim this old support, this will be the bullish signal we need!!! ill be watching this closely
Will Altcoins find support on RSI and OBV?On the weekly RSI and OBV big support seems to help stop the current downwards pressure for cryptocurrencies 😎
Drop me a nice comment if you'd like me to analyze any other cryptocurrency or do another comparison.
*no financial advice
do your own research before investing
Altcoin Market UpdateAn update for the altcoin market including (TOTAL2, and OTHERS)
As you can see, on the left, we are still in a very good spot for bullish action
Current price can be seen to be very similar to the early days of TOTAL2, providing a nice comparison
On the right, the OTHERS chart, also provides similarities to the earlier bull run, and suggests we are heading higher.
0.618 was a previous point of rejection during this massive bull run. If 1.618 is hit this will likely act as a rejection point as well.
UP!
