TOTAL3 is time to continue push UP 1. Cup and Handle Pattern:
The highlighted region resembles a cup and handle pattern, which is generally considered a bullish continuation pattern.
The cup part spans from around mid-2021 to mid-2023, while the handle is forming after the cup's completion, indicating potential consolidation before a breakout.
The rounding bottom of the cup shows accumulation after a downtrend, signaling a reversal in trend.
2. Breakout Target (1.618 Fibonacci Extension):
The projected target is marked with a 1.618 Fibonacci extension, a common tool used to predict possible upside after a breakout. This level is approximately 1.618 trillion USD.
The price has already started moving upwards after the handle formation, suggesting a breakout might be underway.
3. Current Market Situation:
As of the latest candle in the chart, the total market cap excluding BTC and ETH is sitting at 634.208B USD.
There’s a notable surge of about +12.91% in the current period, which aligns with the idea of bullish momentum taking over after the handle's formation.
4. Bullish Flag (Handle):
The handle portion seems to form a bullish flag, which is a continuation pattern that confirms the overall uptrend.
Once the price breaks the handle's resistance, the expectation is a rapid increase in market cap, potentially reaching the target shown.
Conclusion:
The chart indicates a bullish outlook for the altcoin market (excluding BTC and ETH).
The cup and handle pattern is one of the strongest continuation patterns, and with the market currently showing signs of strength, a breakout could take the market cap towards the 1.618 trillion USD target if the current trend persists.
However, be mindful of market sentiment and global macroeconomic factors that can affect crypto markets.
Total3
TOTAL 3 BULL CYCLE BEGINSTotal 3 recently broke a downtrend and now it's ready to grow. If you are scalper or 3 minute trader, this information is not going to be usefull for you. All you can use from this map is bias, which is bullish at the this very moment.
For all the others who invest in a smart way;
Next fall of Bitcoin will not be as expected. From this day forward, if you see any crash on market just know that it's a buy opportunity.
Invest in projects that can gain value, not old projects that already hyped and died long ago (Like OP, DOT, EGLD.. Ect.)
If you are using leverage, either from here or in next crash use only 2 X in isolated mode.
Mark your TP for higher targets and think big.
I market Total 3's targets on the chart. Every fib zone in this area is a resistence for altcoins. It doesn't matter which one you have (ecxept ETH), it will work just fine.
Wait for a correction and find strong projects like SOL, BNB, Render, Near Ect..
Do not invest shitcoins or whatever your friend suggested you to invest.
TOTAL3-USDT - RISK ON - ALTSEASON IS HERE!This will be the most important Weekly Close of the cycle for Altcoins.
TOTAL3-USDT has shown a “3 White Soldiers” pattern and broken out of its Bull Pennant and Bull Market Support Band.
RSI has also flipped bullish.
The last time this happened Q4 2020, Alts ripped ~1,100% over a 1 year period.
This rally has been fueled by the Fed announcing a massive 50 Bps Rate Cut, with PBOC doing the same shortly after.
More rate cuts are expected November 6th and December 17th to push risk even further.
Get ready for all your normie friends to start messaging you asking for crypto advice.
I personally have experienced this the past week.
Altcoin Market Breaking Out: Bull-Flag!Altcoins have been steadily losing value against BTC ever since the March top. However, TOTAL3 (total marketcap minus BTC+ETH marketcap) has finally broken out of a 6-month bearish channel pattern, making it a successful bull-flag break out.
It's too early to call for a definitive continuation of the trend, but at least a major long-term pattern has changed as of this week.
For now, I'm hoping for a move towards the yellow line, being the 2024 top. With a BTC Dominance at 57.5%, it would most likely lead to a new BTC all-time high if the altcoin market reaches the 2024 top.
Potentially exciting times ahead!
TOTAL3 8H update - Sep 23 2024Following previous analysis, #TOTAL3 rose towards the resistance zone and after touching the 580B level, it started to drop but FED's decision to cut the rates by 0.5% prevented further drop and market pumped as analyzed before FED's meeting.
TOTAL3 is now in the vicinity of the mid-term trendline and we can expect some drop during this week. What comes next with TOTAL3 is most probably a rise towards 650B level and then 700B zone.
This means many coins are going to touch higher levels soon.
As long as the drawn blue trendline isn't broken, this analysis is valid.
Bitcoin FULL Analysis PART 2In a previous analysis, I discussed the relationship between Bitcoin, the Altcoin market and Bitcoin Dominance.
An important rotation exists between these three; and by using TOTAL3 together with BTC.D, you can get a clearer picture of where BTC is trading in the current cycle.
In this video, I make an important suggestion based off Elliot Wave Theory. This theory is backed up by the points mentioned but also by the Logarithmic view:
From the log scale, we can see BTC is still trading relatively low compared to previous cycle top-outs. So the question remains - the end... or just the beginning?
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COINBASE:BTCUSD BINANCE:BTCUSDT CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D
TOTAL3 on the verge of a massive breakoutThe altcoin sentiment is in the gutter, FUD everywhere, everybody is calling for "recession", including the stock market. Perfect conditions to turn the ship around and blast off to new highs and leave sideliners angry.
Historically, squeezing Boilinger bands point to a big volatility move after consolidation. Let's see how this play out.
TOTAL3 update - Sep 08 2024#TOTAL3 followed previous analysis and started to drop from the vicinity of the 630B zone and crossed below the support zone of 565B - 580B .
520B area was a demand zone which was touched on Friday. it seems TOTAL3 is heading for a retest of the broken zone of 565B - 580B meaning that altcoins are going to have some upward move during the upcoming week.
CHEAP ShitcoinzIf you believe in the Crypto 4 year cycle
Here is a thread of cheap altcoins in USD terms, that have good technical patterns or sitting on previous support zones from which prices have rallied before.
There are no guarantees only probabilities.
Your capital is at HUGE risk gambling on S coins.
With that being said.
Let's kick it off with LOOM network.
We are in the most critical period for altcoins.There is a gap and pins that can be filled in the middle term.
There is also a nice falling wedge can be break up any time. Above 0.5 is bullish for me.
I showed other important levels on the chart.
A possible new downtrend wave would be a good buying opportunity for me.
* What i share here is not an investment advice. Please do your own research before investing in any digital asset.
* Never take my personal opinions as investment advice, you may lose all your money.
TOTAL3Analysis for TOTAL3/USDT: Weekly Timeframe 📊
The chart displays the Crypto Total Market Cap excluding Bitcoin and Ethereum (TOTAL3) on a weekly timeframe. Below is the analysis based on the forecast lines and significant dates:
🟢 September 21, 2026 - Buy Date (Green Line):
This marks a local bottom, indicating a potential opportunity to start accumulating positions in TOTAL3. The market is expected to experience a downward trend leading up to this date, presenting favorable conditions for long entries.
🟥 March 10, 2025 - Sell Date (Red Line):
The forecast suggests a local peak on this date, signaling an optimal moment to take profits or tighten stop-losses, as a price correction may follow shortly after.
🟥 February 28, 2028 - Sell Date (Red Line):
This date represents another peak, offering an excellent time to close positions and avoid potential price downturns. The market is expected to rise up until this point before a correction begins.
Note:
All times are based on Los Angeles time (UTC -7). There may be a margin of error of 1-2 candles depending on the timeframe.
Altcoins Can Drop Another 75% - Worst Case Scenario!In this analysis I want to talk about a long-term parallel channel on TOTAL3, which is the total marketcap of all altcoins.
Preface: before everyone gets offended etc, this is not my most likely scenario. Big chance that this pattern won't play out. Nevertheless, it's important to consider different market outcomes. Trading consists of IF>THEN decisions. Ask yourself, if the market drops another 75% from here, what will you do?
Now into the analysis.
The parallel channel is constructed from the top resistance and anchoring that resistance to the 2020 covid dump.
As seen on the chart, alts lost over 92% of their value in the 2018 cycle. Currently, alts have lost 75% of their worth during the last cycle. If alts were to go down towards the bottom yellow support, they could lose around 85%-88% (depends on time) value.
In other words, if this worst case scenario were to play out, alts could lose 70%-7% of their CURRENT value.
Is this pattern likely? No. Should you prepare for it? Yes. Keep it simple, assume that the bottom support area is a great long-term entry point and can function as a bear-market bottom in case we go down further.
There is definitely some risk of a recession as per my last yield-curve analysis. Furthermore, the SAHM Rule Recession indicator (google it) signals that a recession is coming. If the stock markets would go down like in 2001 and 2007, we're in for a wild ride in crypto.
Happy to hear your thoughts.
#TOTAL3#TOTAL3
#ALTS
The altcoin market is heading for a very good rise by the end of this year 2024
Targeting 1.2 trillion
The price is moving in a descending channel on the 4-hour frame and is largely committed to it and is expected to break it upwards
We have a rebound from a major support area at the lower line of the channel at
573 B
We have a downtrend on the RSI indicator, which supports the rise
BTC : Spot the DIFFERENCE - Why THIS TIME is DIFFERENTYesterday, I made a very comprehensive update on why BTC likely has a hard drop coming - the only problem is it published the video on the BTC.D chart 🥴 So, you've likely missed it and I will repeat it here today because it's a VERY clear signal.
Altcoin dump happened BETWEEN the first turquoise and the purple vertical line, from halfway onwards:
Up until this point BTC did correct, but only around -27%. (BTC has currently corrected -33%)
The price THEN went on to drop another -20% before bottoming out at point 4 on the Elliot Wave Theory:
RECAP: What happened AFTER the 27% drop that led to another hard drop, ending at -50%? The BTC.D started INCREASING whilst BTC price DECREASED and TOTAL3 DECREASED .
Now look at the chart again, again at point 3 of Elliot Wave Theory (the second turquoise vertical line). In other words - we're still waiting to reach point 4.
The in-depth explanation here:
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CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL3 COINBASE:BTCUSD COINBASE:BTCUSDT
BTC : HARD DROP Likely BEFORE New ATHHold on to your horses - in today's analysis we're going to do a really deep dive on Bitcoin, the altcoin market (TOTAL 3) and Bitcoin Dominance (BTC.D) Make sure you watch all the way until the end to reach the final conclusion!
In this video, I systematically point out two main reasons why the corrective phase isn't over, as well as what could possible happen NEXT based on the rotations between alts and BTC.
COINBASE:BTCUSD COINBASE:BTCUSDT CRYPTOCAP:BTC CRYPTOCAP:TOTAL3 CRYPTOCAP:BTC.D
For months I've been anticipating a multi-month corrective pattern, before another impulse wave up which I believe leads us to our final all time high (ATH) for this bullish cycle. Although I've said "multi-month" quite a few times... who knew it would be such a drag! I nearly thought BTC was ready to turn towards the upside, but after THIS* happened (together with the analysis in the video) it's likely we're still heading lower:
*https://www.tradingview.website/chart/BTCUSD/h2bMes4J-BTC-FINALLY-Bullish-BREAKOUT/
THIS* is referring to my update on BTC two days ago, where it seemed like a bullish breakout. At this point however, the price is not able to hold the support zone (which was the condition I listed) and therefore it's likely a fakeout.
If you're looking for the idea I referred to in the analysis on the Altcoin dump find it here:👇
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Crypto At A Crossroads: Is This Time Different?In this analysis we're going to take a look at TOTAL3, which is the total marketcap of crypto excluding BTC and ETH. In other words, all 'smaller' altcoins.
As seen on the chart, the altcoin market has been in a dire state since the start of April, almost 5 months at this point.
For now, the bearish channel pattern stays intact. I'm anticipating some kind of breakout in the near future, we simply can't trade within this pattern forever.
Looking at recent history, the bears have the short-term overhand since we rejected the top resistance yet again. However, once a support/resistance is used too many times the market anticipates it and will trade against it. This means that bulls might wait for investors to short in huge numbers and start to buy and cause a minor short-squeeze.
Personally, I'm leaning bullish. Alts have gotten a severe beating over the months and are currently looking quite attractive, especially with BTC trading around 63k and a very high BTC Dominance.
For now, we're in a grey area. Wait until this pattern breaks for long-term entries.
TOTAL3 Update - Aug 25 2024After Powell's speech regarding a rate cut in September the whole market showed a positive reaction and #TOTAL3 was able to push above the resistance zone. (In fact there was no close below the 546B key level as the confirmation for the bearish move!)
Current analysis shows that 630B zone a possible resistance zone which can dump the market so naturally it's logical to look for Short/Sell setups in the market!
TOTAL 3 Update - Aug 15 2024in the previous analysis it was stated that 565B is an important level and losing this level can lead to touching much lower levels, something that actually took place and #TOTAL3 touched 470B as well !
The recent choppy upward move in #BTC and the rest of the market was most probably a retest of the broken key levels and we can see that just like BTC's case, TOTAL3 has failed to push above the supply zone.
Since BTC is probably heading for 50,000 low again, TOTAL3 will also dump. 4H close below 546B level shall be a further confirmation for the downward move.
Crypto Altcoin market cap - daily chart viewTOTAL3, which measures the market cap of all cryptocurrencies except Bitcoin and Ethereum, is currently sitting at a crucial support level. This is the third time it has tested this zone, making the next few weeks critical for the future of altcoins.
For any chance of an altcoin recovery or the start of an alt season, a strong reversal is needed. If TOTAL3 can bounce back from this level, it could spark new interest and momentum in the altcoin market. However, if it breaks down further, we could see more weakness across the board.
I'm hopeful that we'll see a reversal in the coming weeks, which could reignite the altcoin market.
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Cheers
GreenCrypto
TOTAL3 - Bulls taking a napTOTAL3 began forming a descending parallel channel (Bull Flag) on March 31 and has been trading within it.
We recently had the third touch at the top of the channel, but it failed to break, showing signs of exhaustion indicating a greater probability of decline in the short term.
I will continue to monitor, but I only believe in all-time highs for altcoins when this channel is broken, but I wouldn't be surprised if we visit 450-480B before that happens.