This is one of those charts that does not need a huge amount of explanation. It is a 5 day chart comparing October 2020 (prior to the bull run that followed over the next 6 months). There are many fractals with that time and the present day. 1) Notice the life cross? Green arrows. 2) Notice the 5-day/200.sma resistance before the breakout? Red arrows? 3)...
Dear Respected Traders, we hope this communication finds you well. we are convening a discussion focused on #ALTCOINS May And June is going to be epic for altcoins! #Bitcoin #Crypto #Ethereum #Cryptocurrency #CryptoTrading #BTCUSDT #ETHUSDT #ALTCONS #USDT CRYPTOCAP:BTC CRYPTOCAP:ETH CRYPTOCAP:USDT
Now that all of the speculations are pointing to the approval of the Ethereum ETFs , along with the positive CPI reports this week, it's safe to assume that we're about to break out of the current accumulation period. After +60 days of correction, everyone is eager to explore the potential of the next bull-run, so let's delve right into it. HOLD YOUR BREATH! ...
A great way to clear TOTAL3 of stablecoins. We see on the 2W chart that "clean RSI" has crossed 20. Kijun and Tenkan have formed a cross. WaveTrend crosses 0. All this lacks only a falling BTC.D to take off properly.
Total 3 Market Cap Excluding #BTC and #ETH (Alt-Coin Market) I like this area for rejection if the economy doesn't go into a recession 💪 A lot of discounts across the board if you're bullish🔼
Total 3 is the market capital of all crypto excluding Bitcoin and Ethereum. On the above 5-day chart Total 3 has corrected 70% or thereabouts. Now is a excellent time to be long in your favourite alt-token despite the bearish sentiment. Why? 1) You know why. 2) Price action and RSI resistance breakouts. 3) Support and resistance. Look left. Price action has...
Following Bitcoin and Ethereum's market moves, which I've discussed in previous updates, it's time to turn our attention to Altcoins. Historically, Altcoins tend to flourish once Bitcoin has had its rally. This dynamic allows Bitcoin holders to potentially reap profits and diversify into Altcoins. The retail market's focus has notably shifted towards Altcoins,...
In January of 2021 it took total market cap of altcoins 140 days to 8x. I am of the idea that we might be at the same level we were in 2021 which actually would mean that it comes early this time. So instead of the rally coming in early 2025, perhaps it happens earlier this time. This would mean that the biggest pain point this cycle will be investors missing...
For the past two months, CRYPTOCAP:TOTAL3 has been undergoing a correction. This correction was anticipated for many altcoins and, importantly, is very healthy for the market. Upon closer analysis of the chart, it becomes evident that this correction does not signify a trend reversal. Total3 halted its descent around the 600T zone, which does not represent...
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Altcoins have corrected 30% overall from the most recent swing high to swing low. I believe the reversal is in as the handle continues to print. With BTC strength we will see a bit more downside for most alts, then I believe a major upswing is to come. We should hit 1 trillion by the fall. My focuses: -RNDR -NEAR -AKT -Equal -Super
The TOTAL3's recent attempt to break through the descending resistance line, coupled with encountering resistance at the $670 billion to $700 billion range, underscores the current market dynamics. This area has proven to be a significant barrier for the past four weeks, indicating its importance in influencing market sentiment. A successful breakthrough above...
Different indicators can be considered for the #ALTSEASON. These indicators can be accompanied by the initiative. Here's an innovative alt-season indicator that seems to herald the start of alt-season.
Alts chart now is bearish but if chart can break from black line we have a small alt party ... 😍
We're potentially on the cusp of the ultimate bull run in history. The total cryptocurrency market cap excluding BTC and ETH (known as Total 3) is showing promising signs as it retests and consolidates around the 644 billion dollar zone for about 63 days. If we observe an upward bounce from this point, it could mark the onset of the greatest bull run ever witnessed.
Momentum still looking bullish. We are approaching the resistance area near $683B which is a confluence resistance area with the 50 day moving average. RSI trending upwards. Stochastic RSI bullish crossover Bollinger bands squeezing indicating a big imminent move and most likely upwards
We expect to complete the three-month structure in the form of a contraction triangle, the price will continue its correction to the range of 450-390 and after the completion of wave E, the upward movement will begin.
TOTAL3 looking short-term bearish. Possible Doom narrative to come for final shakeout before ALT season begins. My guess is that we will also see a correction is BTC and crowd sentiment drops but BTC.D rises. Then we get a higher high in BTC.D and BTC explodes higher (just as the crowd gives up on BTC). This BTC explosion will be followed Alt season number one....