It fell because Ethereum fell a lot, the rest of the coins also fell, but Ethereum fell a lot, and the entry point for the short position was also missed. Even if Total 3 falls, altcoins will fall another 50-60%, so it has important support ahead.
There is a lot of fear in the market, so it moves faster than failures
Open a short position below 500
If Aker breaks the yellow channel from the bottom, he will enter the time correction because the daily support of the static box is blue phosphorus, and if he hits the yellow channel from above, it will grow to the range of 555 billion dollars.
this is my pov about the total2. Here is the eth pain with other altcoins but what you can see here is that we will have cheap eth soon between september and december 2023.
Drawing a trend line along the higher high that formed in prior bullrun puts forecasted MCAP at about 3T
The bars pattern might be a bit off but this is a massive move regardless.
BULLISH
There are good candles in four hours, two of them are flat, we can take a long position out of it, so Bitcoin dominance is also suffering, so find bullish Bitcoin as long as Bitcoin dominance is bullish, I will not collect altcoins myself. But, well, this is me, you have to analyze it yourself, in fifteen minutes, it will confirm after 523, for long position below...
In idea showing a large up move on the market cap chart
I don't think the current market cap is appropriate at all. We are yet to see the top.
The yellow line shows top points, with the last top being hit in 2017.
The last bull run in my mind was a sort of quasi bull run, leading to the one we are about to see.
Let's cut to the chase. As an advanced analyst, I see a cataclysmic drop in altcoins on the horizon (obviously). This isn't just a hunch; my trusted charts reveal a looming dive to super low levels. Even stable-coins like tether, which often a safe haven, are part of this story, affecting the Total2 index. Stable coins make up about 120 billion dollars (20% of...
Total2 looks like an expanded flat completing its reversal at the end of a C wave.
It has twice bottomed just shy of the 1.618 for its trend-based fib, and may or may not reach a 3rd bottom near this area before exiting above its neckline.
If it doesn't reach bottom again, it's possible it could perform a move similar to what INDEX:BTCUSD did here:
However,...
According to the breakdown of the descending channel and its high stabilization, it can pullback the breaking level and then maybe we will have a suitable growth.
TOTAL 2 - Crypto Market Cap minus BTC
Three confirmations for bull status
1. Above 100 week SMA (No where close)
2. Complete 149 weeks in Pennant (Dec 2023)
3. Break above Point of Control (POC)
The 2018 - 2020 fractal is overlaid for perspective only
The Point of Control (POC) is the price level at which the greatest number of contracts have been traded...
Still think we'll see one push higher before the continuation of the bear market, however, alts may have a capitulation move first.
If we look at Total2, we can see that $484B never got retested as support. So it would make sense that price action would need to test that level before a continuation higher. If it does get hit and bounces off that level, you can...
💎 Observing yet another correction in the bullish trend, closely following the Ascending line 👀
💎 The price is poised to rebound from the supportive cluster of MA 50 and Ascending line.
💎 Paradisers, it's time to adopt a bullish stance once the bounce is confirmed 📈
💎 Remember, in the fast-paced world of crypto, timing is everything. Stay tuned for more updates...
💎 #Uni has shattered its long-standing support level and the lower limit of a triangle formation, indicating a likely extension of the bearish trend 📉
However, there's a crucial element to take into account. The price discovered support on the descending trend line, coupled with a bullish divergence on the MACD indicator, hinting at a possible rebound 🔼
We're...
By observing the stop loss and according to the support between the coins, the probability of TOTAL2 growth is very high considering the harmonic pattern
Early point in TOTAl2 evolution is showing similarities to the structure that is forming now on TOTAL2
This may be an indicator that market cap is going to go ballistic like it did in early 2016
Lets see what happens.
TOTAL2 Altcoin Marketcap /This time is different, isnt it ?
-350days SMA
-700days SMA (2x)
-1050days SMA (3x)
-1400days SMA (4x)
'' 1-2-3-4-5 ''
Different way but same story
