TOTAL2 H&S or Continuation?Strong linear regression uptrend.. Buy the uncertainty! Included a fib retracement from the 2017 top to the 0.236 high that was recently achieved.
Totalcap
0.97 LR Uptrend!Very strong LR uptrend, 0.97, i have included a crash point to a VERY strong support for the alt coin market if this breaks down, grey EMA line.
Another rising wedge touch!Top of strong regression uptrend on 4H chart, also sitting at the top of the rising wedge chart pattern, pullback likely.
TOTAL2 Rising Wedge Multiple TopsRising wedge with a possible third top incoming, a H&S pattern and a perfect 200MA touch can be observed.
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
:)
