Total2 path to 6 trillion dollars .Afternoon folks Mastershark here with a new TA about total 2 . History doesn’t repeat but it often rhymes. We see some similarities in Rsa behaviour for the previous cycle and the recent one. A pitchfork with some levels will explain a giant channel that we hit the level right below ath and we’re consolidating right beneath it . type of behaviour i see is to get ready and attack the previous high once more . In my opinion we will have some struggle with ath and will break it for close to 6 trillion dollars for altcoins mc which is extraordinary .
I don't see anymore lows except if we fill the shadow once more .
I put my tp in the chart and since we have a long journey ahead i think we might have two tops ( once everyone get off the boat we go higher ) .
Anyway thanks for reading and remember its NFA and always DYOR .
stay safe fam , see you at the top.
TOTAL2 trade ideas
ez position With the first breakout of the DAO theory square range, you open a position and place the stop-loss above the first candle.
You are allowed to trade using this style on Ethereum and all other cryptocurrencies that have exactly similar and aligned conditions with the TOTAL2 chart.
Enter on a 15-minute candle for the breakout of the small square, and on a 2-hour candle for the breakout of the large square.
Preferably, trade on Ethereum!
TOTAL2 - Weekly RSI View (Repost)A largeee formation is becoming apparent on TOTAL2 and can be seen across to ETH's chart
I would call it a large W formation with what we are about to experience being the right hand of the W, where RSI can extend and stagger sideways as seen on the left hand of this W.
I have called the areas in green boxes very similar and expect the bulls to turn this RSI around promptly.
Very bullish on this Weekly chart for Altcoins.
Alts 2M Chart - Clue to Probable & Possible Timing of Next ATH?Looking carefully at the Stochastic RSI on the two month. As you can see, the alts market cap including ETH continued rising after the SRSI topped out. Market cap did not top out until 6-8 months after the SRSI top. We only have two market cycles for evidence, so take this analysis with a pinch of salt.
Total2, Crypto Market without BitcoinFurthermore, Total2 also gave us the opportunity we were looking for, wicking straight through the $790bn level down to $730bn before closing above and now sitting at $852bn.
A possible scenario which I can't rule-out from here is trading back up towards $950bn resistance and correcting back down once more, this would lean into Bitcoin testing $60k resistance before a further pullback later this week or early next week.
Once again, the levels which Alts are now trading must be considered as opportunities and nothing else. A DCA strategy should now be deployed with more aggressive action being taken in the event of one further pullback.
As ever, this information is only my opinion and not financial advice, always DYOR and only risk what you can afford to lose.
BULL CASE $TOTAL2 - 2024 Trillions at the end of 2024Bull case for Altcoin Mcap to reach 2024 T at the end of 2024
Ugly AF chart I know ...
I will be posting a series of charts detailing my bias for the rest of the year.
Crypto is not done yet! Is the summer crypto is holiday from Bull run but will be back
at the end of July.
This is just an overview no trades are detailed here.
Total Market Cap Excluding BTC | What To Expect (4.44T In 2025)Looking to the left, we can see a "big" bearish wave, a huge correction; what we call a bear-market.
On the right side, present time, we have a bearish wave but not as big as the previous one.
A bear-market leads to a prolonged accumulation phase before the next bullish wave.
A strong correction but not a bear-market, present day, is also likely to lead to an accumulation phase before the next bullish phase. The next bullish phase will be a full-blown bull-market —2025. Think of the action you see on the left side of the chart but inverted (green), printed on the right side of the chart.
➖ The bull-market is most likely than not to end in new all-time highs all across. I will be here to point out the best looking charts/pairs/projects to buy/trade and hold.
👉 TOTAL2 is likely to reach 4.44T in 2025.
Thanks a lot for reading.
I hope you find this information useful.
This is not financial advice.
I am sharing my experience with you for learning and entertainment purposes only. And I truly hope that you are being entertained.
Namaste.
Are you waiting for ALT Season ? Think about this first.........TOTAL 2 is a chart i have posted in the past but not opften enough recently and a post in Tradingview recently . jogged my memory...and this is what I See.
TOTAL market Cap is the top 125 Coins minus BTC and so can be seen as a Top ALTS chart, showing the performence of the Top ALTs against Bitcoin
And as the chart shows, we have seen a rise recently, a very profitable rise for some but, we get rejected off the high of the Daily channel.
This may be a Lower High after a Lower Low.
That is a warning in its own right.
The next chart we need to watch here is the Bitcoin Dominance. If we watch a chart that is most top coins minus BTC, it makes sense to see if the Bitcoin Dominance follows what we see there.
This is a chart I have been posting often, following PA in the pennant it has formed.
Things to note here are that PA is Top of channel and that iti s supported by volume. this has potential to break out. However, the apex is way away in October so it maybe Early yet. But when Bitcoin Dominance takes the lead over TOTAl2, ALTs will tumble.
And expectations are for Bitcoin to make a Stronger move some time in August / September.
Thats not far away.
MACD on the BTC.D is above neutral on a Daily and Still fallling bearish on a Weekly.
MACD on the TOTAL2 is turning Bearish Just above neutral on the daily and Falling Bearish on the Weekly, though near Neutral
For me, ALTS have a little more Time to run if this continues as is and the recent push high by BTC get Rejected.
IF BTC.D breaks out...Sell up and Buy BTC and watch ETH ETF's Fail
There is so Much at stake here for so many....
See what I did there ?
THINK CAREFULLY RIGHT NOW
A Case Study: 5t Altcoin MarketGood evening lads,
I've been working on this chart for a little while, and as much as I believe it's not done yet, I wanted to share it with you guys.
Maybe you can spot something that I haven't yet and it'll allow me to adjust it.
I believe this next move up will impress a lot of people, and we might see a 5t alts market within the next year.
Fingers crossed cause this would bring a lot of profits!
Trade thirsty, my friends!
TOTAL2 (Altcoin M.cap): Bull Flag in Play?Hey everyone!
If you're enjoying this analysis, a thumbs up and follow would be greatly appreciated!
WHAT IS TOTAL2?
TOTAL2 refers to the total market capitalization of all cryptocurrencies excluding Bitcoin. It's a metric used to gauge the overall performance of the altcoin market, essentially everything other than Bitcoin.
TOTAL2, which tracks the total market capitalization of altcoins, is currently trading within a pattern resembling a bull flag. This pattern can be a bullish continuation signal, but confirmation is needed.
Here's what we're watching:
Bull Flag Breakout: A clean break and close above the upper trendline of the flag would be a bullish signal, potentially leading to a rise in the altcoin market capitalization. TOTAL2 is currently finding support around the middle line of the flag.
So accumulate as many Altcoins as you can till then it is trading inside the flag. Sooner or later we will see a great Altcoin season.
What are your thoughts on TOTAL2's current price action? Do you see a potential bullish flag? Share your analysis in the comments below!
TOTAL2- Quick UpdateOne quick note I want to make on the incredible market structure that was just created during this 2024 "Black Swan event" (Mt Gox + German Gov).
Total 2 just made a significant statement that could very well mark a low.
It retested a critical level of old resistance that was tested exactly with the wick to form a low.
That level of resistance was established as the top right when the BTC ETF decision came out and has now been confirmed as a critical level of new support.
TOTAL2 - Holding 1TReally interesting development for TOTAL2 (cryptomarket cap excluding BTC).
We used this chart to predict the breakout in 2019/2020 and so far we had the exact same setup happen in 2022/2023.
Now that we have been going through the expansion phase, marketcap has had a brief stallout period the has formed some sort of symmetrical triangle (yellow lines).
What is really interesting about this is marketcap has continued to hold the MIL:1T level (bottom yellow line). Also, this week is trying to close as a doji (reversal candle) right at the MIL:1T level.
TOTAL2 Outlook ICT ConceptsTOTAL2 in Crypto 📈
💰 Welcome to Your Channel!
Welcome to our channel where we delve into the intricacies of financial markets. Today, we focus on TOTAL2 , dissecting its current price action to uncover strategic trading opportunities. Join us as we analyze key levels and market dynamics, aiming to refine our trading strategies and maximize potential gains.
🌟 What is TOTAL2 and Why is it Important?
TOTAL2 refers to the total market capitalization of all cryptocurrencies excluding Bitcoin. It is important because it provides a clearer view of the altcoin market's performance, helping investors understand trends and shifts in market sentiment without Bitcoin's dominance skewing the data.
📉 Market Overview at the Start of June
At the start of June, the cryptocurrency market experienced aggressive downward movement. This sell-off targeted sell-side liquidity, indicating a period where traders were closing positions and selling off assets, pushing prices lower. Consequently, the market entered a bear phase, characterized by sustained price declines and a generally pessimistic outlook.
📊 Key Liquidity Movements
By Monday, June 24th, we saw the market take out the previous week's low ( PWL ), a critical liquidity level often targeted by large traders to trigger stop-losses and gather liquidity for future moves. This event was followed by a tap into the marked sell-side liquidity, leading to an expansion higher as buyers stepped in to capitalize on lower prices.
⏰ 1-Hour Timeframe Analysis
Analyzing the 1-hour timeframe, we observed a significant market structure shift ( MSS ) after the PWL was taken. This shift indicated a potential change in market direction from bearish to bullish. The market then created an inefficiency, known as a Fair Value Gap ( FVG ), which is a price gap that the market often retraces to fill. The market respected this FVG , retraced back to it, and then began moving higher, confirming the shift in sentiment.
🚀 Bullish Movement Expectations
At this point, it appears that the price is poised to start a new bullish movement to the upside. Key targets for this bullish move include buy-side liquidity areas such as the Order Block ( OB ), a region where significant buy orders are clustered, and the 4-hour Fair Value Gap ( FVG ). Additionally, the buy-side liquidity marked out previously also serves as a potential target for this upward move.
🐻 Bearish Scenario Considerations
For any bearish scenario to come into play, we would need to see buy-side liquidity taken out or the creation of low-resistance liquidity areas in lower time frames ( LTF ) . These scenarios would indicate that the market might not sustain its bullish momentum and could potentially reverse or consolidate. Monitoring these levels closely will be essential for making informed trading decisions based on the evolving market structure and liquidity dynamics.
🙏 Thank you for joining us!
Exploring TOTAL2 today highlighted the importance of effective risk management in trading success. Prioritize research, implement robust strategies, and seek guidance for confident market navigation. Stay tuned for more insights on our channel. Here's to profitable trading and continuous learning!
⚠️ Disclaimer
The information provided here is for educational purposes only and should not be taken as financial advice. Always conduct your own research and consult a licensed financial advisor before making any investment decisions.
Could Altcoins Rise This Weekend? Here's What We're Watching!Hey everyone! If you're enjoying this analysis, a thumbs up and follow would be much appreciated!
Total2 (Altcoin Market Cap) Update:
Total2, which tracks the total market capitalization of all cryptocurrencies excluding Bitcoin, appears to have broken out of a falling wedge pattern in the 4-hour timeframe. The price is also holding above the 50-day Moving Average (50MA), which can be a sign of support.
Expecting a good bounce in Alt M.cap up to $1.12T in the next few days. Keep a close eye on your favorite Alts this weekend.
What are your thoughts on Total2's current price action? Do you see a bullish pattern? Share your analysis in the comments below!
Thanks!