Official: Alt-token market chart says the bottom is in.

A lot of messages today. Can’t answer them all. Gripped by fear.

Have published the above chart as an add-on in other ideas but felt it deserved its own post given the number of messages.

The market bottom is in. The bottom was signalled when the 700-day EMA (yellow) crossed down the 150-day SMA (Red) as shown on the above 10-day chart.

This correction we’re now seeing is perfectly normal and healthy with a correction to the 0.23 Fibonacci level just as before in February 2019 following the printing of a ‘great buy’ signal. The market needs to flush out the flotsam and jetsam trying to catch waves.

The above chart is not the subject of this idea, however. Just a back story. The chart that has caught my attention is the alt-token market cap TOTAL2.

The two moving averages that called the market bottom on Bitcoin are now doing so on the alt-token market capital.

Look left. In the months that followed this cross the alt-token market went to make remarkable gains. There was nothing else to do.

Think like a proton and stay positive.

Ww

Comment:

I’m seeing the heated feedback below. Be nice. There’s a lot of time and study that goes into those ideas. In an effort to keep published charts simple, other pertinent information is left out. Of course keep the idea too simple and the flood gates are open…

Other factors that were considered before publishing this idea..

1) The green vertical strips on the 2-day chart below will only print on or about during market bottoms. When a buy signal prints and confirms around the time of the green strips then I'm very happy to call that market bottom as in.

2-day chart

2) The Gaussian channel flipping to red on the 8-day chart has been an awesome signals for market bottoms. Never printed a false signal.

8-day chart

3) Lastly the dollar. For most market participants the dollar today is the same as a dollar in 2017. I know that because of the push back on ideas for various targets. There’s very little appreciation for the weakening of the dollar from an investment perspective despite all the inflation of the currency. To measure this the TOTAL2/M2 supply is studied. On the 10-day chart below a ‘great buy’ signal was printed, this told me the bottom was in. Latterly the supply bounced off the golden ratio. It doesn’t get better than this.

The 10-day chart

Ww

Trade active:

The last 'incredible buy' that printed on the 18hr chart below saw the market appreciate by 50%. Another has just printed. This will take TOTAL2 to the $900b area.

Price action is on the yellow dotted line, that line is the golden ratio multiplier. You can see TOTAL2 is now on the golden ratio. Do not ignore this. Look left.

Comment:

The 4-day chart below is a little different, it considers dominance like TOTAL3 (market total but without Bitcoin or Ethereum) and also without USDC and USDT market capitals. Falling stable coin dominance is valuable information.

All four considered and this is what you get. Follow the value...

Comment:

As each day passes the strong buy signals are narrowing down to the smaller time frames from the higher ones. A large move is nearing...

Comment:

TOTAL2 recovers the 2-day / 5-day SMA after the falling wedge breakout and bounce from the golden pocket. The flagpole extension suggest the market capital of TOTAL2 should increase by $200b in the days and weeks ahead.

Trade active:

The alt-token market is about to jump up 45% / add $200b+

See the bull flag on this 3-day chart?
See the measured extension?
See price action has now found support on past resistance?
See the price action bounced off the Golden Pocket?

The signs are all there, look left.

Trade active:

Do you see? The alt-token market is about to increase by $200b

Go on short-sellers, I double dare you..