TOTAL2 Cap About to POP??Since July 2019, each time the 14 close RSI crossed above the 14 day SMA on the Weekly timeframe, we have seen the TOTAL2 market cap increase by an average of 350B.
The current crossover on the above indicator is positioned well compared to past instances that this has occurred.
Thoughts?
TOTAL2 trade ideas
btcusdtperpHello dear merchants
Today I will have a long-term analysis of it to better understand the current situation and where we are in the market
Everything is clear on the chart
And all 70% of the probabilities are related and all 30% of the probabilities are related.
Be successful and profitable
Imminent move in Alt-token market ** bullish divergence **The alt-token market has taken a beating since the beginning of the year, specifically since mid-January. From January 16th alone the alt-token market has corrected a little over 30%.
That correction was exactly at the same moment nine oscillators were printing bearish divergence on alt-token dominance chart (above). Recently the same number of oscillators printed bullish divergence, however held off publishing until confirmation.
On the above 1-day alt-token dominance chart:
1) The ‘incredible buy’ signal prints. Roughly translated, there’s a 90% probability dominance sees an increase in the days and weeks ahead.
2) Bullish divergence. 9 oscillators including MACD are printing regular bullish divergence.
3) Both RSI and MFI resistance print breakouts.
Is possible alt-dominance falls lower? For sure.
Is it probable? Very unlikely.
Good luck!
WW
2 year prediction of total2, by Dia. big dump incoming.Seems like in a week or so we get the big answer. Market looks extremely bearish , I personally dont believe we can break the resistance
Pattern looks incredibly bearish.
We always dump before halving
the cup is drawn too big, it should not break the previous support of 462b
btc 19k bottom, maybe scam wick to 13k
expect 2020 highs of every altcoins, and some altcoins to completely be destroyed
ALTS MARKET CAP ANALYSIS Hi guys, This is CryptoMojo, One of the most active trading view authors and fastest-growing communities.
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Let’s get to the chart!
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It is consolidating in a symmetrical triangle. EMA'S are acting as a resistance. MACD crossover is showing bearish momentum. RSI has entered into the oversold region. We've to wait for a sustained breakout/breakdown to confirm the next move of ALTS.
This chart is likely to help you in making better trade decisions, if it did do consider upvoting this chart.
Would also love to know your charts and views in the comment section.
Thank you
SHOULD YOU HOLD ALTS OR NOT? ALT M.CAP UPDATE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this ALT MARKET CAP(TOTAL2) trade setup. Alt market cap looks fine as of now.
Alt market cap is moving inside a descending triangle which is a bearish pattern. Currently, the alt market cap is trading near the lower trendline of the triangle. So I'm expecting two scenarios here:-
Scenario1:- According to the first scenario, we can see some bounce in altcoins, and the alt market cap can reach up to $1.04T level and reject from there. Once it breaks below the triangle then the next support it at $800B
Scenario2:- If we did not get a bounce from the lower trendline and if it breaks below the triangle then it will dump.
Conclusion:- If you are holding any Alts on spot then I recommend you to exit after a bounce in alt market cap till $1.04T level or if it breaks below the triangle from here then exit immediately.
INVALIDATION LEVEL:- If the alt market cap breaks above the triangle then this chart becomes invalid.
What do you think about this?
Should we hold our altcoin bags or not?
Share your views in the comment section.
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Clear continuation of down trendAs shown few days ago on USDT.D chart we were right at the trend line and clearly seen today already moved back up. That is reflected in alts following same patter and returning to down trend off its own trend line. Do not let Youtube fool you, altseason isn't coming, BTC isn't decoupling from equities. We are and were in bear market for a good while now, always best to be unbiased and take the data that is in front of us. There is nothing in global economic setup that can be seen as positive right now, nor changing in the immediate future and markets are quite jittery overreacting to any little piece of news regarding US int rates or Russia/Ukraine conflict. Even with short bursts to the upside the general direction remains bearish.
Lower lows to be expected on all crypto charts.
TOTAL M.CAP ANALYSIS! MUST BOUNCE FROM HERE!!Hello everyone, if you like the idea, do not forget to support with a like and follow.
Welcome to this Total M.cap update. The total market cap looks good here and should bounce from here. Currently, Total M.cap is trading at around $1.05T
The total market cap breaks out from the 64days old trendline (purple line) and currently, it is retesting. After this retest, I'm expecting a good bounce in the whole market.
Also, at this level 100ma support is strong support so it must hold at this level and should bounce from here.
Invalidation level:- If any candle closes below $950B then this chart becomes invalid.
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TOTAL2The fundamental narrative has never been stronger, with increasingly chaotic conditions globally, tensions from pandemic residue supplychain, global monetary policy issues driven by the unattended climate change issue which by all scientific evidence is going to accellerate in intensity and frequency.
Humans are going to have to rely on cloud computing and networks more and more; smaller nations/economies going to be more greatly effected by these disasters just given scale of landmass/ less ability to economically absorb natural disasters.
Also war is back on the public stage, Ukraine was taking crypto donations before they were able to organise a mechanism to donate fiat
Ukrainians who evacuated early but whos bank cards/credit cards dont work anymore, the russian rouble down a massive amount in a tiny space of time
Climate events will also unfortunately drive tregion tensions resulting in more neighbouring country clashes over reasources, these events again impact a countries ability to manage their own fiatcurrency.
All very good reasons to want to have some of your net worth in a decenteralized monetary system which as yet has proven resillient from goverment intervention beyond blocking civillian accsess locally (vpn can fix this quite easilly I believe.)
Beyond all that innovation in crypto is also at an alltimehigh, with better ideas, more robustly structured projects coming out after years of trial and error.
Pretty sure total2 is going to continue on this logscale trend for a while tbh.
ALTS MARKET CAP ANALYSIS Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures.
I have tried my best to bring the best possible outcome in this chart.
As we can see in the chart total market cap makes this descending channel pattern and Breakout the upper residence but for confirmation, we need to close the daily candle upside to the upper resistance of the channel.
so let's wait and see how the daily candle closes.
What's your thought on this?
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Thank you
total analysisWHAT IS A DOUBLE BOTTOM?
The double bottom pattern entails two low points forming near a similar horizontal price level and signifies a potential bullish reversal signal. A measured strengthening in price will occur between the two low points showing some support at the price lows.
The double bottom chart pattern is found at the end of a downtrend and resembles the letter "W"(see chart below). Price falls to a new low and then rallies slightly higher before returning to the new low. Unable to push price to a new lower low to continue the downtrend, sellers give up and price bounces sharply from this area.The bullish confirmation is specified by a break in the key price level situated at the high point between the ‘bottoms’ resistance level (neckline).