Greetings,
TOTAL3 (amongst other tickers) is an incredible useful tool that is provided from @TradingView
TOTAL3 shows the total market capitalization of the top-125 cryptocurrencies, excluding BTC and ETH.
Today we're looking at this puppy on a small time frame, due the amount of volume and change in price action we've been seeing.
On chart provided we can see the two red lines being resistance points (major), these lines were added in many years ago and have not been moved. I just added a dotted yellow line which shows current minor resistance point.
Although i've added 'short' on this post. I will let you decide for yourself.
Remember, nothing is guaranteed, control the controllables.
Mogues
TOTAL3 (amongst other tickers) is an incredible useful tool that is provided from @TradingView
TOTAL3 shows the total market capitalization of the top-125 cryptocurrencies, excluding BTC and ETH.
Today we're looking at this puppy on a small time frame, due the amount of volume and change in price action we've been seeing.
On chart provided we can see the two red lines being resistance points (major), these lines were added in many years ago and have not been moved. I just added a dotted yellow line which shows current minor resistance point.
Although i've added 'short' on this post. I will let you decide for yourself.
Remember, nothing is guaranteed, control the controllables.
Mogues
Comment:
F*CK BOYS.
CANCEL THIS ONE . BTC TOO STRONG . THINGS LOOKING TOO STRONG IN THE VOLUME DEPART OF BTC IMO FOR TOTAL3 TO GO DOWN.
CANCEL THIS ONE . BTC TOO STRONG . THINGS LOOKING TOO STRONG IN THE VOLUME DEPART OF BTC IMO FOR TOTAL3 TO GO DOWN.
Comment:
Greetings,
LOOKS LIKE OUR ORIGINAL IDEAL MAY PLAY OUT!! Pic attached show Bitcoin sharp decline today.. not surprise hit previous points of resistance (red line).
Right now we're keeping a really close eye on BTC Volume on the 1Hr time frame.
There may be a lot of opportunity to short some ALTS. Always have eyes on BTC if price action thought. A couple more large red 4hr candles can create some mid term trouble for bitcoin.
As usual... My Altcoin shorts were about 4-5 days too earlier, all were liquidated bar 1. No crazy loss, I think 1-2k usd.
LOOKS LIKE OUR ORIGINAL IDEAL MAY PLAY OUT!! Pic attached show Bitcoin sharp decline today.. not surprise hit previous points of resistance (red line).
Right now we're keeping a really close eye on BTC Volume on the 1Hr time frame.
There may be a lot of opportunity to short some ALTS. Always have eyes on BTC if price action thought. A couple more large red 4hr candles can create some mid term trouble for bitcoin.
As usual... My Altcoin shorts were about 4-5 days too earlier, all were liquidated bar 1. No crazy loss, I think 1-2k usd.
Sup boys,
Updating this on the one hourly timeframe. We can see it didn't get past the first Mini resistance (made up term), so i drew in another dog, total of 2 yellow lines.
WHEN THINKING OF TOTAL3 - AS THIS GOES UP AND DOWN, ALT COINS WILL DIRECTLY CORRELATE WITH PRICE ACTION MOVEMENT. ONCE WE THINK THIS IS EITHER GOING UP OR DOWN WE THEN ANALYSE EACH ALT WE ARE THINKING OF TRADING.
As far as I know you cannot trade TOTAL3 as a CFD, purely a ticker created for viewing purposes. as far as i know..
Remember, nothing is guaranteed, control the controllables.
Mogues