Since I know there are a lot of Crypto fans out there, and not all of them are CRYPTOCAP:BTC Maxi's. I present to you the wave counts on the CRYPTOCAP:TOTAL2 ( NASDAQ:ALT Chart).
The key with this chart is the counts, but also the fact that the 2nd wave correction lasted 9 candles, and this current correction is at 9 candles (Remember: Each Candle is 3...
The crypto market is abuzz with a significant phenomenon - the shrinking of the total market capitalization, excluding Bitcoin (BTC). Contrary to what one might expect, this contraction often precedes a major pump in the world of cryptocurrencies, signifying the potential for exciting price movements. 🌌💥
Unpacking the Market Cap Contraction
Market cap...
Mini Altcoin Season is confirmed as we broke above a 8 mo~ resistance and confirmed & flipped the prior resistance into support. This is analyzed through "Area" and not candlestick analysis. Area charts are great to clean up a chart from it's wicks and helps show clear market direction.
The top chart is Total2 on Weekly, and the bottom chart shows BTC.D.
We can immediately make an observation based on these charts that Total2, i.e. The market cap of all the alts is rising over time and is moving in an upward parallel channel while BTC.D is moving in a descending triangle, which is a bearish pattern.
This tells us that over time the total...
We are entering a new phase within the current market cycle, we are about to experience something not seen in a long while.
The Altcoins vs Bitcoin (ALTSBTC) pairs are ready to start their growth phase.
This is a major development.
This phase can last between 4-6 months, go really fast and strong and then nothing again for more than two years... It is a very...
Alts coins have broken out of a weekly downtrend with multiple bullish divergences this can signal the start of a alts coin season all BTC needs to do is hold 28K support and we should rally in the alts coins.
I am calling November to be a very profitable month for alts coins.
Howdy fellas!
Figured I'd come back and update from the last time I put this chart out there.
I am not playing the bear game here, but if history repeats itself, we still got that big dump before bull run begins.
You might wanna take some profits at the end of this run, as this supposed dump happens in about 9 weeks. Once it starts in drops quick and the move...
Alt coins are bloody, the market moves based on Demand and Supply
If we go back to our chart, we can see here that there is not much demand in that area, between 600B to 680B.
In our previous data, in that area there was a good upward impulse movement, but now the sellers are more aware.
We can go back to the 400B range of the Alts marketcap, and we can...
Here' s the #altcoin #totalmarketcap incl. #ethereum . This chart shows , altcoins' market cap have come to the top of the channel. Declination here is will doom altcoin bag holders. Clear breaking channel with volume and weekly closings is the invalidation. I showed the support levels on the chart. The war is not good for markets, a friendly reminder. Always use...
Looking at this chart, it becomes more obvious how the alt coin market, which broke this Summer above the Bear Cycle's Falling Wedge, is preparing for a big move upwards. The 494.45 level has been tested 4 times and emphatically held on all as it provided rebounds that left large 1W candle wicks behind.
The latest was on September 11 but stopped last week on the...
history repeats itself , same waves as previous cycle which again i believe altcoins outperform bitcoin by far percent , covid crash delayed wave 9 play but nothing will stop the trend ,theres a green box which i believe its accumulation zone and be break upside soon enough , lets see how it plays .
Traders,
In this video, I am cruising through my altcoin list. These are a few alts that I enjoy trading. We'll look at setup opportunities, technical patterns, and discuss potential entry prices. Hope you enjoy.
Stew
