TOTAL3 • A technical reason to be out of altcoinsI see no compelling reason to be in altcoins.
The risk is simply tremendous at the moment. At least while we don't regain that 960B area or see test of lows producing significant volumes.
Yes we can see pump from. this weekly candle but ask your self what are the odds it is a death cat bounce and reverse strongly bellow support levels right into very lower support levels?
Is it worth the RR trade to the upside? Are we confident about average volumes across all these alts?
How these coins react if Bitcoin drop into 35-37k levels?
Choose 5-10 of your favourite coins. Do they look they had healthy corrections on Weekly and Monthly timeframes in recent months?
TOTAL3 trade ideas
MY MINIMALIST CHART ANALYSIS FOR TOTAL3TOTAL3:BTC, ETHEREUM, and ALTS
12.30..21
0637H +8 SINGAPORE
Still, on vacation mode celebrating the holiday season. I am back for a day, working on my end year analysis.
Disclaimer:
The findings of the following analysis are the sole opinions of the publisher of this idea and should not be taken as a piece of investment advice.
ALERT:
Trading what looks like a possible BULL TRAP on a WEEKLY.
We are looking at a formation of a Head and Shoulder Pattern, based on VITAL SIGNS (RSI, STOCH, VOL., MA VOL.)
We did see a lot of bull-traps as foreseen weeks ago, and I hope you were able to trade it to buy the DIPS.
1. Downtrend had a Bearish Correction of FIB 0.618.
2. A Measured Move towards its base is therefore expected, within the zone of strong support.
3. Right Shoulder is higher signifying a Bullish Reversal, upon completion of the H&S Base.
Anything can happen, we still have 4 days on our countdown timer.
My Published Ideas are not 100% Accurate. There are many factors at a given time that can change the forecast.
The Market had amazingly moved along the TOPS and BOTTOMS of our BOXES, signifying TURNING POINTS of PRICE ACTION, and verified by major FIB levels.
Hoping that this MINIMALIST BOX CHART ANALYSIS will efficiently help you with your DYOR as we climb a NEW SWING CYCLE.
Happy Trading Everyone!
Created on a MONTHLY, WEEKLY & DAILY Analysis of a MARKET'S CHARACTER.
It is designed for SWING TRADES at the LOWEST or START of a SWING CYCLE.
INSTRUCTIONS: HOW TO USE THIS MINIMALIST (Bento Box) CHART
"FOLLOW THE WHITE RABBIT!"
Just Follow the TOPS and BOTTOMS of the BOXES as a GUIDE where the MARKET will take you.
TARGET ZONE IDENTIFICATION
The LARGE BOXES (Tops and Bottoms) are MAJOR turning points that will occur sometime in the future. While the SMALL BOXES (Tops and Bottoms) are MINOR turning points.
These can be entries to a BUY/ SELL POSITION, EXIT/PARTIAL EXIT/TOP-UP AREAS, as well as Support and resistance levels
Also includes MAXIMUM TARGET EXIT AREA OF VALUE - CONSERVATIVE (If price action conditions are right at that given moment.)
If it cannot break a TOP or BOTTOM of a BOX, It signifies a reversal.
At times I will include a WAY BEYOND PARABOLIC PRICE TARGET, depending on The Character of the Market (CRYPTOS ONLY).
DYOR for your Volume, Chart Patterns, Candlestick Math, FIB COILS ( ABC ), Price Action, FIB LEVELS, Market Dynamics, especially institutional and retailer trading psychology.
NOTE: That PRICE TARGETS for ENTRY and EXITS are DYNAMIC and can CHANGE from time to time.
Wishing you all The Best Trades and Thank you all for your Appreciation and Support of My Work.
Much thanks to My 3 Mentors. They are so much of a Blessing that I also wish to share my knowledge.
Vive Le Autist!
Vive Le Diamond Hands!
ALTCOINS (TOTAL3 )GONNA BLEED....? NEXT DAYLY TREND CHARTALTCOINS (TOTAL3 )GONNA BLEED....? NEXT DAYLY TREND CHART
As you can see H&S pattern is clearly seen on the chart and breaking neckline the blood bath for altcoins.
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
TOTAL3 • extra comments on previous postHi guys since previous idea/post got so much engagement with different opinions. Here's a bit more further thoughts on the TOTAL3 chart.
Again. I'm thinking in terms of probabilities and risk reward in the context of the macro trend. I am not focusing on the daily and intraday moves here.
Let's look at this structurally.
TOTAL3 -Going down FORECAST NEXT WEEKLY TREND CHARTTOTAL3 -Going down FORECAST NEXT WEEKLY TREND CHART
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
Another ALTSEASON after this correction? Trading kept Simple.Please Like or Follow if you enjoyed this content.
UPDATE: Total3 (Cryptomarketcap minus BTC and ETH martketcap) dips into support. Altcoin marketcap is moving in a range. So it's not man over board. Fear is high. Marketcap can dip to 700B, and we are still in the same range. Either it goes sideways here or one more dip. And we are gonna see another Altseason. Question is are we gonna see a mini Altseason or a MONSTER ALTSEASON?
RSI is now about the same level as the May bottom. One more leg down to scare people out, so the whales can pump one more time? The price is currently on the negative side of the Ichimoku . But that's not something we haven't seen before.
My 'Supertrend Ninja' indicator gave only 3 bullish signals for ALTSEASONS in 2021. Making each signal very reliable. I am patiently waiting for the first bullish ALTSEASON signal in 2022. "The Crypto market is a device to transfer money from the impatient to the patient.”
With each trade proper risk management is essential. Either by using my script "Trailing Stoploss Bottom Activation indicator", visible as grey dots below the candles. Which sends an alert, when current price goes below the previous candle low. Or using my "Heikin Ashi Trailing Stoploss Activation", the indicator(in my scripts) with green and red blocks. Or third option, exit when the Supertrend Ninja indicator displays a vertical red line with a downwards pointing black arrow. Remember, the first stop(loss) is always the cheapest stop.
Supports and Resistances are highlighted as grey blocks. Supports and resistances are automatically drawn using my indicator "Yo Show Me Some Support - and Resistances". Pun intended.
Thank you for reading.
Namasté 🙏
What Indicators Do I Use:
In the chart I am using my "Supertrend Ninja indicator", which is a trend-following indicator (Green and red vertical line with arrows).
When the background of the candlestick closes green (vertical line) with an upwards pointing pink arrow. It indicates a possible bullish (up)trend.
Disclaimer: Ideas are for entertainment purposes only. Not financial advice. Your own due diligence is highly advised before entering trades. Past performance is no guarantee of future returns.
Altcoins (excluding ETH) are showing relative strengthI already mentioned in my previous ideas that btc has come to an end. The structure is similar to 2017/2018 -> crash, selling climax with volume spike, sideways correction with a marginal higher high, further crash and retrace. Altcoins are showing relative strength as they make a higher low and could now start their final wave (or more).
Market OutlookHello dear trader
The ascending momentum is decreasing
In the current situation, entering the altcoin is not appropriate and we have to wait to see the market reaction to the demand side and then make a decision.
Always look for the right opportunities and do not waste your time and money.
Good luck.
Altseason is coming!Hello, everyone!
If this Bitcoin analysis plays out we are about to see new local altseason. Altcoins is going to outperform Bitcoin. We can see that the Broadening Falling Wedge has been formed by the TOTAL3 – capitalization of cryptomarket excluding BTC and ETH. Now this wedge have been broken to the upside. Also we can see the retest of it’s upper band. I expect the target zone according to left picture, which corresponds to $1.10T. In this case the strong fundamental altcoins can grow significantly.
DISCLAMER: Information is provided only for educational purposes. Do your own study before taking any actions or decisions at the real market.