Previous resistance is now holding as support. Looks like we will have a breakdown from the breakout point. We have mapped our retracement price targets in descending order. Bearish Stochastic crossover Negative RSI Are you shorting Altcoins
For the past two months, CRYPTOCAP:TOTAL3 has been undergoing a correction. This correction was anticipated for many altcoins and, importantly, is very healthy for the market. Upon closer analysis of the chart, it becomes evident that this correction does not signify a trend reversal. Total3 halted its descent around the 600T zone, which does not represent...
We're currently seeing the Greed and Fear Index hitting similar levels as during the "quiet beginning of Altseason" in 2021, as shown in the chart. Levels around 38 to 42 are common for drawing liquidity away from the initial distribution phase of Bitcoin. It's important to remember that in 2021, there was a period between the actual start of altseason and the ...
Dear Respected Traders, we hope this communication finds you well. we are convening a discussion focused on #ALTCOINS May And June is going to be epic for altcoins! #Bitcoin #Crypto #Ethereum #Cryptocurrency #CryptoTrading #BTCUSDT #ETHUSDT #ALTCONS #USDT CRYPTOCAP:BTC CRYPTOCAP:ETH CRYPTOCAP:USDT
Momentum still looking bullish. We are approaching the resistance area near $683B which is a confluence resistance area with the 50 day moving average. RSI trending upwards. Stochastic RSI bullish crossover Bollinger bands squeezing indicating a big imminent move and most likely upwards
We're potentially on the cusp of the ultimate bull run in history. The total cryptocurrency market cap excluding BTC and ETH (known as Total 3) is showing promising signs as it retests and consolidates around the 644 billion dollar zone for about 63 days. If we observe an upward bounce from this point, it could mark the onset of the greatest bull run ever witnessed.
Different indicators can be considered for the #ALTSEASON. These indicators can be accompanied by the initiative. Here's an innovative alt-season indicator that seems to herald the start of alt-season.
As long as the index moves above the number 646, we expect the previous ceiling to be crossed in this new movement
TOTAL3 looking short-term bearish. Possible Doom narrative to come for final shakeout before ALT season begins. My guess is that we will also see a correction is BTC and crowd sentiment drops but BTC.D rises. Then we get a higher high in BTC.D and BTC explodes higher (just as the crowd gives up on BTC). This BTC explosion will be followed Alt season number one....
Hello community, The cryptocurrency market operates through discernible phases , each presenting unique dynamics as illustrated in charts. Initially, during the Bear market phase , Bitcoin's dominance surges while prices of cryptocurrencies across the board decline. This phase is marked by pessimism and a general lack of confidence in the market. As the...
As you can see everytime the RSI line was broken, after the restest Total3 made a significant rise. Right now the same retest is happening again. The current altcoincorrection therefore might soon be over.
I don't know how this timeline will work, but either we hold the last bull defense line or we lose our battle.
People have been capitulating on alts and strong hands have bought them up on spot. Leverage got wiped out. We see TOTAL3 hitting the weekly ma20 with a hidden bullish divergence on rsi, and retesting the rsi neckline. There will not be many of these opportunities to load up spot on a weekly bull market correction. I think this is the last dip before a huge alt...
Update #analysis of TOTAL3 (altcoins index) time 4H In the previous analysis, we expected this index to suffer and we see that the price has reacted to the specified resistance level and is suffering. It is expected that this index will enter an upward trend from the specified price floor, and you must keep an eye on the evolutions. And it seems that now is the...
The short answer is... Now, this year into early next year. Although I would expect a lot of similarities this market cycle, I would also expect some differences. So let's start with the yellow diagonal line with the up trend. This line was originally drawn through the BTC price action. Look at how it actually works perfectly with the TOTAL3, PERFECT!! So,...
One usually refers to altcoins and mems flying high when talking about big profits and pumps. So, when the next alt season could happen? To answer this question, analysts usually examine ETH and the Crypto Total Market Cap (excluding BTC and ETH) charts to make a prediction. Moreover, I think it is worth analyzing the Dominance of altcoins (excluding BTC and ETH)...
Alts chart now is bearish but if chart can break from black line we have a small alt party ... 😍
We expect to complete the three-month structure in the form of a contraction triangle, the price will continue its correction to the range of 450-390 and after the completion of wave E, the upward movement will begin.