as we can see currently we have 1.515 Trillion Dollars invested in the entire ecosystem of the Cryptocurrencies which is quite a bit huge amount of FIAT and yet we may have more Fiat to get invested in to this world as FOMO of retailers may pressurize it in higher but the question is how far?
now days we can see many regulatory and governments bodies are working...
2.618 is the target for Altcoins (total2)
2.618 has been reached on TOTAL, which incorporates bitcoin.
I believe we will see a strong altcoin dominance this year
Attaching some of my previous TOTAL2 and TOTAL charts
I am long BCH, AugurV2, Ethereum..
TOTAL looks bearish
While TOTAL2 looks iffy, mixed signals of bullish and bearishness
TOTAL2 usually follows TOTAL with a greater % value when major and minor alts are pumping
When bitcoin is pumping TOTAL has the greater % value
A rising wedge can be observed on TOTAL
TOTAL2 has formed a descending broadening wedge on the intraday hourly chart, this is a reversal pattern. Each, the support line and resistance line must be touched at least twice to validate the pattern. On the 4H chart a cluster of Fib EMA's can be observed to be around the area of 78B, strong support area. On the weekly chart the price can be seen to be...
TOTAL2 has broken the downtrend line as supported by this beautiful indicator, cheers to whoever designed it! Expect some bullish momentum in the coming weeks!
Good afternoon! Let's see what happens in general in the cryptocurrency market. A very interesting picture can be seen in the analysis of capitalization!
Clearly visible double bottom. The development, which will begin with a breakdown of + - 120V or the upper boundary of the channel. Corrective market movement has come to its first level. It may not be suitable...
Rectangular bottom with a triple bottom, short term bullishness expected. Continuation of bearish trend will likely follow. First time using this chart pattern.
Sitting 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.
Most of the top 100 altcoins are in green momentum and we expect a good support for DGD too at the current level. We will be taking a long position with 10% of our current portfolio if the trend cotinues in next hours.
