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Total3

Be careful of the next stepFrom the first look at the chart, we find that the price is going through a large sideways period extending to approximately 440 days, and it is not creating a repression or a new bottom, and this could be normal, especially since it corrects the previous large decline from the top, calms the inflation of the indicators on the weekly frame, and prepares for the next movement... which is from My point of view is that it is extremely bearish for the shaded area below, and it will take alternative currencies to new lows, and only from this area when it reaches it in the coming months. We will update the analysis at that time. Note: The analysis fails if the price closes above the 380 area Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look Good luck
CRYPTOCAP:TOTAL3Short
by KhaldHegazy
2
🔥 Your Altcoin Can Potentially Fall MUCH Further: WARNING! 🚨In this analysis I want to take a look at a dire market outlook which is not even that far-fetched. We should talk about the possibility of the altcoin marketcap (TOTAL3) falling another 50%, which would mean that the average altcoin will lose around 50% of its value from this point until the bottom. Back in 2018, TOTAl3 fell around 92%, while it has only fallen by 75% this bear market. The difference seems small, but if we were to fall towards a 92% top-to-bottom decline this bear market, it would mean we had to fall another 70% from this point onwards. I'm a big believer in the law of diminishing returns when it comes to crypto, but a mere 75% decline seems too little for me. There's some bad news on the horizon which can make the altcoin marketcap decline by another 50%. - Rising Bitcoin dominance. - Rising bond yields A 50% crash from this point would bring the top-to-bottom decline to 85% (bottom yellow area). This would seem to be more in line with the diminishing returns hypothessis. Do you think we will crash more from this point? Share your thoughts and charts.🙏
CRYPTOCAP:TOTAL3Short
by FieryTrading
16
An incoming last correction wave for #altcoins #total3 presents #altcoins ' market cap excluding #btc and #eth . After the 1st long correction wave, the chart formed falling channel. This formation will be completed with the 3rd correction wave and the dip of the channel will occur. When Elliott' s 123 correction wave is finished, the falling channel will turn bullish. This may be after the halving. 3rd wave seems to plunge altcoins' average by min. %30. Be careful till Q2 2024. NOT FINANCIAL ADVICE. Dyor.
CRYPTOCAP:TOTAL3Short
by naphyse
TOTAL3 - (DAI USDT USDC market caps)In case you are not familiar: TOTAL3 = Total crypto market cap - BTC and ETH market caps. What I did in this chart is further subtract out the three major stable coin market caps. TOTAL3 - (DAI USDT USDC market caps). To be exact: CRYPTOCAP:TOTAL3-CRYPTOCAP:DAI-CRYPTOCAP:USDT-CRYPTOCAP:USDC Since their price is pegged to $1, they serve as a dampening effect to the chart. I remove them to get more of a true value for what TOTAL3 should be. I then did an Elliott wave analysis. In addition, I set a fibonacci target of -0.236, although this is not a traded asset, but a aggregation of traded assets. So we'll see. It looks like alts will do one more wave down, then the bull run starts. I am a CEWA level 1 Elliottician.
CRYPTOCAP:TOTAL3Long
by gz1968
Margin Bloodbath as BTC ImplodesHi Traders, Investors and Speculators of Charts📈📉 One of the most important parts of trading is following the macro phase and planning your trades. The only way to do this, is to pre-identify the macro market cycle that's currently playing out. Why am I reminding you of this? Well, because despite the recent liquidations, we are still in a CRYPTO BULL MARKET. Bitcoin recently dropped to around 25K from a previous 30K ish. This caused a significant drop in the value of cryptocurrencies across the board, but micro caps didn't plummet as hard. Traders lost an estimated $1 billion in liquidations in a 24-hour period. This sell-off was one of the most severe downturns for digital assets this year. And yet, according to the macro , things are looking extremely bullish for smaller cap altcoins. Most smaller cap altcoins have not plummeted as hard as BTC and the other top alts by market cap. This means that the liquidity could possibly go into micro cap coins next. (Liquidation is when an exchange closes a leveraged trading position due to a partial or total loss of the trader's initial margin. This happens when the trader is unable to meet the margin requirements for the position, or when the price of the asset falls below a certain level. Margin trading is a type of trading where traders borrow money from an exchange to buy more assets. This allows traders to amplify their profits, but it also increases their risk of losses. The liquidations that occurred during the sell-off were caused by traders who were forced to sell their Bitcoin positions due to margin calls. A margin call is a notification from an exchange that a trader must deposit more money into their account to cover potential losses. If the trader does not deposit the required funds, the exchange will close their position, which can lead to losses.) The Bitcoin price drop was unexpected, but so far the support zone around 25K holds well. My strategy at the moment is the same as it was before this bloodbath; I won't touch BTC or the top 10 by market cap, especially not with leverage trades . Instead, I will continue to seek out under valued micro caps and accumulate for the next altrun. _______________________ 📢Follow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities 💎Hit like & Follow 👍 We thank you for your support ! CryptoCheck
by Crypto-Check-
27
Total3 - Altcoins - Looks poised to PUMPDid post some some semi bullish tweets, (pls see profile for more info) with individual names. But let's touch on #altcoins as they are my fav :) 4Hr chart shows Did speak on positive divergence few times RSI over 50 = GOOD Bullish Moving Avg crossover HERE IT GETS INTERESTING Almost forgot that there's TWO inverse head & shoulder patterns for TOTAL 3 (no CRYPTOCAP:BTC or MIL:ETH ) Smaller has been forming since April and the MUCH LARGER one has been in the making for over year! If it breaks with volume = #crypto #altcoins🚀🚀🚀
CRYPTOCAP:TOTAL3
by ROYAL_OAK_INC
Will SEC witchunt kill TOTAL3?! What does it need?? SEC wants to crack down on crypto market This is a means to control the flow of money. Every nation across time does not want to see their money flow out of their 'bloc'. If Binance continues to be a behemoth in the new finance space whilst CZ is in China.. this will continued to be perceived as a threat. I dont have extra information into Binance but regardless the Western bloc doesnt want Binance to be taking retail or corporate USD/EUR/GBP/AUD/CAD/etc en masse. Just as China does not want US tech companies to dominate a space like search for Chinese people. This will consolidate the market If SEC is successful (i dont know if they will be) then it will consolidate the market. This consolidation can be great for TOTAL3. Personal views aside if the flow of money is clear for larger actors then floodgates can open. From retirement funds to sovereign wealth funds to even treasuries. Who would lose ? Many altcoins could be damaged beyond point of recovery. Recovery I mean getting back to where they were. Many can dwindle into obscurity and became harder and harder to participate in. The real loser out of a consolidation of the crypto market will be retail and class mobility. What to do about it ? The upside potential of many smaller altcoins can easily tempt many to dump their bags into those with greatest upside. Regardless of SEC and regulation these smallest ones have the most risk. It is important not to be too lopsided in high risk crypto when crypto itself as an index is down 70%+ ie 3.3x to highs. There is plenty of gains out there within the bigger players who are more likely to rise above regulation and be where money is pushed to. Who wins ? As I imagine will be the case for at least another 10+ years.. the winner will be bitcoin. It will be hard to stop. Even anti crypto regulation will help bitcoin. It may be the biggest and seem like the least upside but it is increasingly important to have some exposure to the sun. Sun=BTC.
CRYPTOCAP:TOTAL3Long
by SoftQuant
4
Huge Inverse Head and Shoulders on TOTAL3This is another TA on why it's a good place to be buying altcoins this summer. Based on the chart, we can observe a huge falling wedge that was broken in July. The price has been above the trendline for several weeks, indicating a clean breakout. Furthermore, there seems to be a formation of an inverse head and shoulders pattern. Currently, we are completing the right shoulder, and if we manage to see the price reaching the base, I anticipate a continuation of the upward movement towards the previous support zone around 470 or 500 billions. It's worth noting the RSI as well. At the beginning of this year in January, this trendline was breached, transitioning from a downtrend. In June, we retested it from above, and now we witness a bounce, which adds another bullish signal. So I believe these technical factors point to potential further upside. Pick your favorite altcoins and get ready for the summer rally. Happy trading!
CRYPTOCAP:TOTAL3Long
by FallingWedge
$BTC vs $TOTAL 3, broke up, made up, but what about now?CRYPTOCAP:TOTAL 3 = NO CRYPTOCAP:BTC or CRYPTOCAP:ETH VS #Bitcoin futures (this dictates price action, NOT spot) From Nov 3/22 - March 3/23. #Altcoins traded lower in December while #BTC had already bottomed. However, the #crypto #altcoin market quickly caught up and by early January they were trading similarly. ------- Until... April - May CRYPTOCAP:TOTAL3 decoupled and the #crypto #altcoin market began to drop FASTER & MORE than, its counterpart #BTC. SEC FUD certainly hurt BUT this happened BEFORE that news came out. We even mentioned it many times, documented! Come June 10-15 #Altcoins began to trade alongside #Bitcoin again. What about now? ------- CRYPTOCAP:BTC is in CONSOLIDATION mode. Buy volume is mediocre but as long as no heavy selling anymore, that's good. RSI must stay above 50. Price levels > 29.75 best to hold @ worst 28.8. CRYPTOCAP:TOTAL3 has work to do but buys are coming in. Not heavy but hopeful. RSI looks ok. Weekly chart: Highs are lower BUT it did form a higher low. 1 white line will break within next 2 months! (apologize that all the charts mentioned cannot be shown. Pls see profile for more info)
CME:BTC1!
by ROYAL_OAK_INC
Altcoins Double-Top, DXY Double-BottomShould TVC:DXY move back down to the bottom shown on the chart above, the altcoin market could move back to its top. There is also a possibility of this happening if DXY simply moves sideways for an extended period of time. However, if DXY moves back up above 105-108, hits 112-116 and continues, expect the altcoin market to move much further down. Why? The altcoin market and TVC:DXY are significantly negatively correlated, moving in near mirror-images of each other. DXY correlation with alts (and Bitcoin, Stocks, etc) does cycle into the positive at times, but predominantly remains in negative correlation, long-term. This makes sense, too: as the dollar index strengthens or inflates, the vast majority of everything that can be purchased with it will lose value as the dollar index weakens or deflates, we see them gain in value.
CRYPTOCAP:TOTAL3Long
by dudebruhwhoa
Bitcoin Dominance is Close to its TopTLDR: • BTCDOM is in the final stages of a Cup and Handle Formation. • Max target for BTCDOM is 500 billion. • I estimate that BTCDOM still has two or three months of upside. During this time Bitcoin will perform better than most alts. However, BTCDOM is close to toping. Once BTCDOM realizes its full potential I expect the alt valuation in BTC terms will increase. Background: • In a previous TV idea, I covered the TOTAL 3 Chart (linked). My conclusion was that the altcoin bear market is close to its end. I wanted to corroborate or refute this Assessment by reviewing the BTC Dominance chart. I am happy to tell you that my bias seems to be accurate. • To be clear Bitcoin is mega-bullish and I expect it keep being bullish. The only aspect of bitcoin I expect to diminish is its dominance in the crypto market. Chart Analysis: BTCDOM is in the final stages of a perfect Cup & Handle formation. These include the following: 1. Uptrend: BTCDOM was in an uptrend since May 21st until June 22nd . During this period BTCDOM rose by 195%. 2. Correction/Cup: Since March of 2023 BTCDOM was in a correction. This correction took the shape of a rounding bottom. The lowest point of this correction touched the 0.382 fib retracement. This is a valid Cup. 3. Handle: During the Months of March and April BTCDOM consolidated in a Bull Flag which is valid for a handle. 4. Breakout: BTCDOM broke out to the upside on the weekly candle of April 24th. BTCDOM tested the 338 billion level as support on the weekly candle of May 29th. 5. Target: The target of this Cup and Handle formation is the 500 billion level. Currently Bitcoin is at 387 billion. Conclusions: This may sound bearish for altcoins. However, I would like to point out a few issues. A. it is not guaranteed the BTCDOM will reach the 500 billion level. B. Even if it will, it took us 10 weeks to get to the halfway point, so we have 2 or three months of an extreme BTCDOM at the most. C. Markets are forward looking. If I can analyze the chart and see what is coming, you can bet your last Satoshi that the VCs and whales see it as well. My guess is that they are accumulating big-time. D. Ask yourself: Would I long an asset that already made a 250% gain? or would you look for an undervalued asset that still has a lot of upside? E. BTCDOM is close to oversold on the weekly RSI. Does it have some room for more upside? Sure. However, BTCDOM is close to the top. Please read my TOTAL 3 analysis for more context. NFA. What do you think? Please share in the comments. Best Wishes.
B
by NewThoughtCrypto
Where is the Altcoin Market Heading?TLDR: IMO, the altcoin market is in the depression phase of the Wall Street Cheat Sheet. I expect TOTAL 3 to hold the 300 billion support level and break out of the falling wedge when Bitcoin breaks the 31K resistance level. Target: 1.11 Trillion. I know that for you to take me seriously I should tell you that all alts are going to zero and that you should ditch altcoins and just trade Bitcoin. Sorry to disappoint you, I think we are on the verge of a breakout. Take a look at the recent past. Do you remember what it was like in November and December of 2022? Bitcoin was trading at 15 and 16K and almost everyone on CT was calling for a 10K Bitcoin. Do you remember the disbelief many of us felt in January of 2023 when all of a sudden Bitcoin became mega-bullish? It still is, but that doesn’t stop all the sidelined traders to keep calling for new bear market lows. If you feel that the altcoin rally earlier this year was a “sucker’s rally” and now everything will go to zero, just know that we are at the final stages of the altcoin bear market. How do I know? Just look at this “Psychology of a Market Cycle Cheat Sheet.” We are past the anger phase about the Garry Ganslers of the world and well into depression. If you missed some or all of the Bitcoin rally the market is giving you a second chance. Now, to the chart: The TOTAL 3 market cap chart displays the market cap of all the altcoins excluding BTC and ETH. That includes stables. We can see that the altcoin market is in a correction since November of 2021. Unlike Bitcoin and ETH, altcoins are still in a bear market. However, the chart formation is that of a Falling Wedge which is a reversal pattern. TOTAL 3 tried to break out once in April 2023, failed (anger), and went from 406 billion to 292 billion, about a 28% drawdown (depression). However, if you’ll take a look at the Accumulation/Distribution indicator you will see that it did not go down nearly as much. My only conclusion is that someone is picking up alts for cheap! Theoretically, the altcoin market could remain in this wedge further, even go down as low as the lower support line would allow, and remain bullish (pink dot). However, I think it is unlikely. If the people in the market today were sellers, they would have already sold. Just remember the FUD and depression of late 2022. IMO, alts are at the same point Bitcoin was then. I think that the 300 billion support level will hold and as bitcoin breaks the 31K resistance level the alts will break out of the wedge. As this cycle progresses towards the halving some bitcoin profits will go into altcoins and later new market participants will fuel the altcoin market further. IMO, this is the time to accumulate and even take long positions, the best is yet to come. Remember it is always darkest before dawn. (Image retrieved from: fifthperson.com)
CRYPTOCAP:TOTAL3Long
by NewThoughtCrypto