According to the RSI the total 3 market that excludes BTC and ETH seems to has bottomed above it's rising trend line and is showing a hidden bullish divergence.
Does this mean a massive altcoin season is coming ? Possibly. I'll explain why.
This market cap includes stable coins . So it includes stable coin growth as well.
I think it needs to be followed and...
It's hard to believe alts will outperform Bitcoin in the next couple weeks. Over the next couple months, yes, for sure. But right now, it's BTC's turn to shine!
It really feels like Bitcoin will bounce from here.
ETHBTC is way over extended!
If you just look at BTC.D, it includes stablecoins.
Obviously when BTC sells off, the stablecoins marketcap increase which impacts BTC.D.
In my chart I exclude stablecoins + all the big caps.
So it's small altcoins dominance
TOTAL 3 weekly chart:
The Long yellow rectangle support box may
be the most important support in the entire
Market as a whole. When there is around 19,000
Alt-coin projects relying on BTC holding and this
huge monster support box holding, this is Do or
Die...Im confident in the coming 300 days,
we will see all time highs in the TOTAL 3 market.
The Green $2.674...
Welcome to this analysis about the Total Cryptocurrency-Market-Cap excluding Bitcoin and Ethereum on the 2-day timeframe perspective. As the Cryptocurrency Market showed up with the heavy bearish declines it is now testing crucial levels and potential reversal potentials that can be eyed. In this case, it is necessary that the market shows up with the...
In my opinion we are half the way down on total 3. We have another 6 months of straight down in alt coins. Be careful, take profits if you have them, dont be greedy because you could see new low in your favorite alt coin literally next month.
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Welcome to Total3 Market Cap Update. Total3 generally refers to the market cap of all Altcoins accepting BTC and ETH.
Total3 Here an inverted...
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Welcome to this Alt M.cap AKA Total3 update.
Alt m.cap is trading inside a symmetrical triangle in the daily time frame and currently facing some resistance as the triangle's upper trendline. I'm expecting some pullback from here. I'm not opening any long positions now. Either...
In a previous idea i've compared eth price with what btc did in may- aug 2017. TOTAL3 (crypto m. cap excluding btc and eth) looks even more similar than eth does. We see clear initial fall in the summer, then barely setting new highs, before turning down, heading into the lows, maybe go even lower a bit. We should expect HUGE reversal to the upside. This is...
Total 3 on the verge of breaking the downtrend for real.
On the first attempt, total3 failed and it resulted in a brutal drop.
Lets see if it can R/S flip this time. If so, a strong run into overhead resistance is to be expecting shooting some alts towards moon.
Failing again here will result in another bloody drop.
Hold my beer pls
No financial advice,...
When you look at TOTAL3 chart, you can see a divergence between RSI and TOTAL3. and another thing is TOTAL3 breaks a short term up-trend line and it looks that it want to goes down and touch long term up-trend line.
Be careful if we break the trend line (return inside) and failed to re test i think we will go to 395b-392b support and that’s will effect on alts , so put your stop losses , and i think we will hold the support if we break 391b the we will go the bottom of the trend also we didn’t claim a clean breakthrough above the trend.
Happy trading and I’m happy to receive...
A good Monday followed by a dip on Tuesday....
This is the situation as of the moment this week (week 32 of the year 2022).
The resemblance with 5 weeks ago (week 27 of the year) could indicate a Pump could be next.
At the same time there is a nice S/R level which indicates support could be now for Crypto market.
Let's not forget the CPI data tomorrow which...
Wishes for a nice weekend everyone.
Weekend are the end of the week and I am guessing you had figured that out already.
70% of the last 10 weeks Crypto had a boring 'weak' end on Saturdays and Sundays (the weekend).
At the same time, 6 out of 10 Mondays were in deep red colors with the market having it's worst days during the beginning of the week.
Operations in the Blockchain or FX market represent a high risk. Cryptoz18 is a content creator who posts his ideas for viewers however he never provides an investment recommendation. I recommend to the reader a good risk management and knowledge regarding the environment. Thank you very much.
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