TOTAL3 Signals: Altcoin Season IncomingHello Traders 🐺
In this idea, I want to talk about TOTAL3, which represents the total Altcoins market cap excluding BTC and ETH. In my opinion, this is a very key metric to recognize the beginning or the end of an Altcoin season.
Everything is pretty clear on the chart, so I’ll keep the explanatio
Key data points
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Open
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Day's range
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About Crypto Total Market Cap Excluding BTC and ETH, $
Bitcoin and Ethereum are such major players and so popular among investors that when you enter the market, they draw all the attention to themselves leaving other coins in their shade. It's not that they do not deserve this attention, but without their colossal figures, investors could take a healthier look at the crypto market to define its overall state and direction. Following this logic, we've calculated total crypto market capitalization excluding BTC and ETH market caps and displayed how the final number changed over time on the chart. Hope it proves useful in your analysis of crypto markets.
Altcoin Market (TOTAL3) Gearing Up for a Major Test at $1.12T🔥 Altcoin Market (TOTAL3) Gearing Up for a Major Test at $1.12T 📊
Hey guys, Kiri here – the FX Professor.
If you haven’t seen my latest video post, go check it out — I broke down the full story behind Powell, Trump, and the ping-pong match they’re playing with this market. But today, let’s zoom
Big Short or Big Pump? The Market is Playing Ping-Pong With Us🎾 Big Short or Big Pump? The Market is Playing Ping-Pong With Us 🏓
Hey guys, Kiri here – the FX Professor.
Lately, it’s been neither a big short nor a big pump… Instead, it feels like the market is just playing ping-pong with us .
Powell talks rate cuts → market pumps.
A day later → it dumps.
T
***REMINDER*** of the TOTAL 3 Targets.We are on the cusp of price discovery in many key assets that will contribute to the upcoming alt season.
The Russell 2000 #RTY is close to all time highs..
#GOLD is charging ahead which often pulls up ~BTC
#ETHEREUM hit a new all time already and retraced ... so the next break above will likely
Monthly logarithmic chart on total3 suggests it could 44x!On the total3 chart we can see the majority of altcoins (excluding ethereum) have been consolidating for quite a long time in this ascending triangle which s also a bullish pennant. These patterns break to the upside far more than they break to the downside and this current one is nearing its apex.
Ethereum VS Altcoins: The Must-Watch RatioNew all-time high! The price of Ether indeed reached a new all-time high during the trading session on Sunday, August 24, surpassing 4,900 US dollars. The loop is therefore closed with a market that has returned to the previous cycle’s all-time high, the record set back in November 2021.
It now mak
TOTAL3 & Bullish ResistanceThe cup pattern. A bowl. A curve... If you draw a straight line from the last peak, left to right, you can get the pattern neckline, the base. When this resistance is being challenged it means the market is ready to move ahead. The more that it is challenged, the weaker it becomes.
See here the lon
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.