Previous Total2 Post See Here -
420 Investments back again.
So I'm sure everyone is thinking can alt coins continue pushing or is this a relief ralley?
well that's take a look at total2 to see what's really happening.
Daily Time Frame Analysis...
In the first scene we can see OTHERS bouncing off 3.618 strongly off the strongest trendline available
A possible falling wedge breakout
This level was seen as resistance previously before the massive run up we saw, now it is support
In the second scene we can see TOTAL2 (altcoin cap) approaching 2.618, during the last bull run as price approached 0.618 of this...
Hello & Welcome To 420 Investments
In this analysis I will be reviewing the total market cap 2 (excluding btc)
Daily Time Frame -
Reasons To be Bullish on alts -
High Time Frame Support Has Been Found
RSI Daily Bullish Divergence
About to enter the golden pocket fib ratio for a good push to the next golden fib
Daily Swing failure pattern.
Alt coins no longer...
Total marketcap = $2.3T
Total Marketcap excl Top 10 coins = $390B
That's ONLY 17% of total marketcap! OMG THAT'S NOTHINGGGGGGG!!!
The percentage should go up to 30% at least!
If the total marketcap is $5T, 30% is $1.5T
That's a 4x from here!
Some ALTS are going to 10-20x easy!!
BULLISH AS F#@!(*
What is TOTAL2?
The TOTAL2 Shows us the Total Market Capitilisation of Cryptocurrencies (TOTAL MARKET VALUE) the amount of money in crypto excluding Bitcoin basically.
Investing and trading based on price alone is like seeing the tip of an iceberg in the vast ocean, analyzing the Market Cap of cryptocurrencies is a great way to gauge the strength of Altcoins...
This analysis will be taking a look at the total crypto market cap "excluding Bitcoin".
The Alt coin market topped out at 1.5 Trillion Dollars before crashing down to about 700 billion and I do think there is still more downside to go with a fairly long consolidation in play. The question is where do we bottom at the previous all time high 534 Billion Dollars...
This chart suggests we are consolidating before phasing into phase 2 which is intensely more bullish than the recent bull market we have seen
This is under the assumption that price action repeats as it did in cycle 1, which evidence for this can be seen in the green circle and the current place we are in the yellow box
Using my other charts I estimate the current...
Trading Alt-coins is not easy. Often while waiting for them to reach their targets suddenly the hole market takes a dive before they get there.. or we sell them and they keep going much much higher leaving us behind in the dust.. So i came up with another approach trying to time the point where the hole market dives and sell them all together no matter where they...
When crypto shills talks about "There Will Never Be Another Alt Season".
These are people who constantly got it wrong about the market, it is something to think and consider.
Market and human natures move in cycle. To say in absolute terms are a joke.
Human emotions and behaviours are usually a contrarian indicator.
Which led me to believe that an alt season...
I just published an idea on June 11 and warned you about the upcoming downtrend on altcoins. And, it happened. Now, it's time to enter altcoins slowly because we will see a bounce up to 50k on Bitcoin soon.
Reason: 38.20% Fibonacci reversal level (~593B). We had a bounce up from the 38.20% fib level so far.
Please like and share the idea.
SPREAD THE WORD!
Charts explains it. March 2021 is looking EERILY similar to April 2017. After the RSI cross, altcoins (excuding bitcoin ) increase by 18,000%+ that lasted 9 months!! It looks like we are following almost the EXACT same pattern to the T!!
The April 2017 and March 2021 Stochastic RSI and the RSI both have SIMILAR structure as well.