Altcoin rally is coming from next weekAltcoin rally is coming from next week
Weekly AL
RSI divergence
fib 1.68 reached
TOTAL3 trade ideas
#TOTAL3The market capitalization of altcoins does not include the capitalization of Ethereum.
• 2023: Accumulation Phase
• 2024: Upward Trend (Bull Market)
• 2025: Distribution Phase
— Patience will bring rewards.
🚀 In 2024, it's crucial not to sell anything from the portfolio but only to Hold.
Potential top for alt coins with Total3 analysis.Total market cap (except BTC and ETH). There's a clear upper trend line on both the price and RSI that could be targeted. This isn't a timing prediction, although I suspect late 2024 to mid 2025.
📈 What Are The Altcoins Saying? How Will They Perform During...What are the Altcoins saying and how will they perform during the marketwide correction?
In relation to Bitcoin or on their own?
The Altcoins market can be divided in multiple sections.
Overall, the Altcoins are saying, "We are going down with Bitcoin."
The majority of the Altcoins will move lower together with Bitcoin. This is specially true for Altcoins vs USDT.
If we are looking at a Tether (USDT) pairing, most will go down initially regardless of how they performed in the past.
Only one section of the Altcoins market will remain immune to Bitcoin's correction and that's the Altcoins vs BTC.
All those USDT pairs that are closely related to their BTC counterparts can move ahead.
For example: PEOPLEBTC is set to grow when Bitcoin goes into correction mode so PEOPLEUSDT can be immune to the upcoming correction, initially.
Another example: APTBTC can grow when Bitcoin enters correction mode while APTUSDT goes into correction mode.
In general, we can only say that the Altcoins vs Bitcoin pairs will be safe.
If we look closer though, on an individual basis many Altcoins will remain immune but these are still a minority portion of the market.
Example: Those Altcoins that produce a big green candle when Bitcoin produces a strong red candle can be safe...
We cannot generalize at this point because there just too many Altcoins.
The initial effect of the correction can be felt all across.
While some go down, others will grow.
The only section of the market that we know will be safe, based on hundreds of charts, are the BTC pairs (Altcoins vs Bitcoin)
This is the place to protect capital or keep on earning while Bitcoin corrects.
Namaste.
Alts Excluding Bitcoin and Ethereum: A Key Analysis! 📈🚀 Alts Excluding Bitcoin and Ethereum: A Key Analysis! 🌟💡
Hi everyone! Today, we're diving deep into the world of altcoins, specifically excluding Bitcoin and Ethereum. This segment of the cryptocurrency market has shown remarkable movements, and I've got some insights that have been instrumental in navigating these waters.
Back in September last year, we identified a prime entry point for altcoins. This was when the market began to show signs of breaking out from a descending channel, signaling potential for substantial gains. By the end of October, this prediction bore fruit as altcoins moved beyond the confines of the channel, marking a critical entry level for savvy traders.
Currently, the market faces a significant challenge at the $600 billion mark. This massive resistance level presents a 58% chance of being breached by altcoins. Such a breakout would not only signify strength but also set the stage for the next major rally towards a $938 billion valuation.
Despite this optimistic outlook, it's crucial to approach the $600 billion resistance with caution. My trading strategy involves setting alerts around this level to potentially take a break from altcoin trades, unless we witness a decisive breakout above this threshold. The implications of surpassing $600 billion are enormous, indicating a bullish trajectory that could redefine the altcoin landscape.
Throughout this period, we've experienced exceptional trades across various altcoins, including STX among others, underscoring the vibrant opportunities within this sector. As we hover around $587 billion, the anticipation builds around the $600 billion resistance.
In conclusion, the altcoin market, excluding Bitcoin and Ethereum, remains a hotbed of potential, with pivotal moments just around the corner. Keep a close eye on the $600 billion resistance; a successful breakout could herald the next phase of explosive growth for altcoins.
One Love,
The FXPROFESSOR 💙
Altcoin Season Beckons: A Technical Breakout Unfolds! 📈🌟 Altcoin Season Beckons: A Technical Breakout Unfolds! 💡💥
Altcoin enthusiasts, take note! As we gear up for the Federal Reserve's announcement tomorrow, which may stir up market volatility, our attention pivots from the stellar breakout in Bitcoin's ascending channel to the burgeoning potential in the altcoin sector. Specifically, the TOTAL 3 (ALTS) chart reveals a notable shift in market dynamics.
For months, altcoins languished within a confining channel, from May 2022 until a decisive breakout in October 2023. Our strategic entry in December 2022 has paid dividends, affirming our bullish stance. Currently, the TOTAL 3 index, which excludes Bitcoin and Ethereum to provide a pure glimpse into the alt market, stands at a pivotal 488.5. My analysis suggests an ascent to the 600 mark, a leap of 22.34%.
This projection isn't just a number; it's a testament to the underlying strength and maturation of the altcoin market. As we've seen Bitcoin regain its stride within the ascending channel, the altcoin market is not far behind, promising exciting opportunities for informed traders.
Keep a close eye on the charts and remember, the shift from 'trapped' to 'escape' signifies not just a breakout, but the potential for a new altcoin season. As always, align your trading strategies with market movements and technical indicators, and stay tuned for more insights.
One Love,
The FXPROFESSOR 💙
alts might take a break..easy now
REJECTION AT 600 BILLION MEANS MARKET CAN TAKE A BREAK NOW
EARLIER TODAY:
📈🌟 Altcoin Season Beckons: A Technical Breakout Unfolds! 💡💥
Altcoin enthusiasts, take note! As we gear up for the Federal Reserve's announcement tomorrow, which may stir up market volatility, our attention pivots from the stellar breakout in Bitcoin's ascending channel to the burgeoning potential in the altcoin sector. Specifically, the TOTAL 3 (ALTS) chart reveals a notable shift in market dynamics.
For months, altcoins languished within a confining channel, from May 2022 until a decisive breakout in October 2023. Our strategic entry in December 2022 has paid dividends, affirming our bullish stance. Currently, the TOTAL 3 index, which excludes Bitcoin and Ethereum to provide a pure glimpse into the alt market, stands at a pivotal 488.5. My analysis suggests an ascent to the 600 mark, a leap of 22.34%.
This projection isn't just a number; it's a testament to the underlying strength and maturation of the altcoin market. As we've seen Bitcoin regain its stride within the ascending channel, the altcoin market is not far behind, promising exciting opportunities for informed traders.
Keep a close eye on the charts and remember, the shift from 'trapped' to 'escape' signifies not just a breakout, but the potential for a new altcoin season. As always, align your trading strategies with market movements and technical indicators, and stay tuned for more insights.
One Love,
The FXPROFESSOR 💙
The path to the crypto top for 2024As I've been writing on my analyses for crypto for the past year , I've thought that we were in a bear market bounce and that we'll still have a new low in crypto in 2024. Now that the bounce has largely played out, I think we're nearing a top for the year. I'm not bearish long term , I'm just anticipating that we only have a few more weeks of an uptrend before crypto starts to finish its bear market and starts its new bull trend.
Why do I think this?
1. If you look at this chart that I created near the top in 2021, you'll see that the lowest price target still hasn't been hit but every other level has been respected well. Usually for a bear trend to complete, price needs to make it below the 8/1 gann fan level and I'd expect it to hit my final target of $9,781.
2. Same with this chart that shows the same targets.
3. Now you may be asking why that level is so important to be hit? It's because that's the level that price broke out from in the last bull market and it still hasn't been retested in the downtrend. Typically the breakout level of a prior bull market needs to be hit prior to the next bull run so that the chart finds balance again.
As you can see from the chart , I think we have a few more weeks of running in alts. That's what I'm focused on now. The gains in BTC are minimal from here, with price to potentially go up to $48k. But alts over the next 3 weeks can still see 100%+ gains. Mostly it'll be small caps that haven't really had their time to shine yet.
I'll be starting to fully exit to cash towards the end of January. As I think Feb/March could be quite ugly.
TBD on when we bottom, but I do think it'll be sometime in 2024 when we tag the bottom box.
Let's see how it all plays out.
TOTAL3 Elliott Waves AnalysisHello friends.
Please support my work by clicking the LIKE button👍(If you liked). Also i will appreciate for ur activity. Thank you!
Everything on the chart.
~510B key level, there will be fork.
If we'll get consolidation above ~520 - target 560 - 580B.
If we dont break 510-520B level, then i will waiting for decreasing.
Good luck everyone!
Follow me on TRADINGView, if you don't want to miss my next analysis or signals.
It's not financial advice.
Dont Forget, always make your own research before to trade my ideas!
Open to any questions and suggestions
Altcoin Season Soon! (Altseason)Altcoins marketcap seems ready to explode, they have been rising in recent weeks managing to close above the April high.
The rise will be significant when we confirm above the red resistance (450B).
We are just getting started.
TOTAL 3 bullish and leading we can say the alt coin has been released from strongest resistance at these levels as shown on the chart but not 100% will not back to test it but the good bullish scenario is good breaking level right now and take it as support level to hit the next black hole level at 577 working as resistance but remember these levels with low volume can sucking the price
HAPPY TRADE
ALT SEASON IS STARTING Alt coin season is starting. Trend has completed accumulation phase. What's next? 🚀
alts targets for this run of 2024for total 3 . first thing that i am looking for . is to enter the range indicated in chart , find acceptance , after that we will target 750-850B give or take 10% . then possible 0.9-1T give or take .
i see it possible to achieve the second target , but reversing from the first one for me have the greater possibility as far as i am concerned .
thank you
Crypto Total3 Marketcap Expanding to Upside! Q1 2024 ThoughtsThis is an active Total3 MCap chart, showing marketcap of everything besides BTC & ETH.
We have been trending higher for weeks breaking a massive range and quickly moving. We are seeing the first steps of the next Crypto Bull Run & likely the most lucrative of them all. It is prior to the global enabling of these protocols into our daily lives.
This is the bull run which front runs the actual implementation of these assets. The one where you see Blackrock file and approve their ETF with billions of inflow (now happening). The one where you see payment providers like SWIFT, BIS, IMF start to actually go live from their pilot testing that's been going on for years and slowly integrating working product from this sector. Merging private entities with public, and introducing groundbreaking changes, such as CBDCs and Tokenized Securities.
This chart is displaying all those private sector coins as one. We have recently just broken 50% of a massive weekly retrace and fair value gap for about 160 billion USD in value. There is room here for the market to trade, and if we close this Feb 25th weekly green above that 50% mark of the gap, the odds of market rallying and filling that FVG completely are far greater than not.
If we fail to close the 50% of this FVG id expect a market wide pullback coming soon. A great opportunity to buy more.
I believe that after this lower FVG we will start to trade up into our first level of major market resistance. This will be a chance for a massive market structure shift, as this will be the first level we really truly battled and lost for the longest bear market crypto has faced. A brutal one at that. This is a major level at that upper box ($663 billion mcap mark)
I stand to see us reaching this point into the April 2024 halving. About 2 months from now. Before seeing a wide pullback and re-entry. My plan is to sell some coins into this area and then buy any large pullbacks on alts. I will consider a large pull back either a nuclear day of 20-30% which we typically see in the bull market, or a larger bleed of consecutive -5% days until we reach a 20-30% pull back total if the market looks to catch a bit or hit a level where bids will be placed. This is when you strike, and ride the rest of that to the next major level, doing the same thing over again. Derisking, and re applying capital.
My goal is to follow this plan at every single major level of resistance on the way to all time highs, then, I will likely just endure the price discovery and take profits at targets I am comfortable with taking home into late 2024 or early 2025. I will not be taking this bull run lightly, I suggest you don't either.
I will be making another post soon, on my sectors that I believe are outperforming and will continue to outperform the entire crypto market.
Golden CrossIn 2020 Golden Cross Confirmed A Major Bull Run , Which Is Again Can Be Seen In Crypto Total Market Cap Excluding BTC And ETH....
#AltsSeason (Bull Run) Not Even Started Yet
IDEA MARCERT CAP TOTAL 3 ALT SI.........!!!!!All the evidences and signs indicate the new season. The lack of space compared to Bitcoin and Ethereum is a characteristic of most coins. Do you agree with me?
TOTAL3 free to runI never had the time or I forgot to post something about this over the last month, however TOTAL3 turned pretty bullish after breaking out two different resistances. As you can see the second one was retested and since then we're in up only mode. I expect some reaction once we get to next resistance.
I personally don't see any real resistance until that daily one I indicated on the chart. This bull season is going to be fun unless you messed up every single coin/token in your bag! In that case it will be very sad!
ALTSEASON WILL MELT FACESPerfect weekly closure and retest after an accumulation of roughly 2 years.
Altseason is only a matter of time now.
As long as BTC holds its price or goes up, we get altseason in the next few weeks. So we have 75% chance to get altseason. High probability now but low reward compared to before.
Look into microcaps tho. You'll see they are lagging more than usual. Buy and resist the temptation to take profits for a few months.
GL.
Total altsThe total market capitalization of cryptocurrency appears as follows. Analyzing the past is the essence of all technical analysis.
ALTcoins May Face Further RallyALTcoins are still dominating in the Crypto market. Looking at TOTAL3 crypto market cap chart, which excludes Bitcoin and Ethereum, we can clearly see a bullish pattern. After a complete complex W-X-Y correction in wave (4), we can now see an impulsive minor five-wave recovery, which can be first wave 1 of a higher degree wave (5), so after a pullback in wave 2, watch out on further rally into wave 3 of a five-wave bullish cycle, especially if breaks channel resistance line near 500B level.
Altcoin Marketcap - Total 3 - Reject or Blast through?
As you can see in the chart I've plotted a potential movement of Total Market Cap 3
This movement would be possible only if from the demand area that we plotted is that we're going to see a strong price rejection, and break above higher
The break back in May 2022
Many might be trapped in those positions that's why approaching the nearby price we can see strong selling pressure
Initially there might be a squeeze that will make us blast through 583B
If not, then I'm expecting a double top or a strong rejection bearish candle and make us go lower again
What are your thoughts?
Let me know in the comment below!
Crypto Market Cap vs BTC ETH USDTThis chart shows the market capitalization of all altcoins vs Ethereum, Bitcoin, and USDT. This will help you figure out where the money in crypto is going at any given time, so that you will have an informed decision on where to put your crypto in too.
Alcoins remain in channelAltcoins remain in the broader rising channel. I did expect more of a washout but it looks like the BTC ETF kept this market afloat. We will get a massive correction before the halving in my opinion, but maybe this is delayed until BTC is closer to 58k, this would lead to a correction down to 40k. For alts the red lines are still possible but this rising channel makes it hard to believe at this point. I added a more realistic flush out line but we might just stay in this channel for a while.
