Previous resistance is now holding as support. Looks like we will have a breakdown from the breakout point. We have mapped our retracement price targets in descending order. Bearish Stochastic crossover Negative RSI Are you shorting Altcoins
We're currently seeing the Greed and Fear Index hitting similar levels as during the "quiet beginning of Altseason" in 2021, as shown in the chart. Levels around 38 to 42 are common for drawing liquidity away from the initial distribution phase of Bitcoin. It's important to remember that in 2021, there was a period between the actual start of altseason and the ...
Hello community, The cryptocurrency market operates through discernible phases , each presenting unique dynamics as illustrated in charts. Initially, during the Bear market phase , Bitcoin's dominance surges while prices of cryptocurrencies across the board decline. This phase is marked by pessimism and a general lack of confidence in the market. As the...
I decided to update this from the one I posted last week. I found the fractal that fit from the last cycle and put it on there. $5T altcoin market cap sound reasonable?
TOTAL3 looking short-term bearish. Possible Doom narrative to come for final shakeout before ALT season begins. My guess is that we will also see a correction is BTC and crowd sentiment drops but BTC.D rises. Then we get a higher high in BTC.D and BTC explodes higher (just as the crowd gives up on BTC). This BTC explosion will be followed Alt season number one....
I don't know how this timeline will work, but either we hold the last bull defense line or we lose our battle.
Total 3 is showing an obvious similarity to December of 2020 just before altcoins ripped to the upside. When you take the fib tool from the top of the rally prior to the cycle capitulation, it shows the price action finding support above the golden pocket. When this happened last cycle, it was just before a nonstop run to the upside, 926% at its peak.
We're potentially on the cusp of the ultimate bull run in history. The total cryptocurrency market cap excluding BTC and ETH (known as Total 3) is showing promising signs as it retests and consolidates around the 644 billion dollar zone for about 63 days. If we observe an upward bounce from this point, it could mark the onset of the greatest bull run ever witnessed.
As long as the index moves above the number 646, we expect the previous ceiling to be crossed in this new movement
As you can see everytime the RSI line was broken, after the restest Total3 made a significant rise. Right now the same retest is happening again. The current altcoincorrection therefore might soon be over.
Update #analysis of TOTAL3 (altcoins index) time 4H In the previous analysis, we expected this index to suffer and we see that the price has reacted to the specified resistance level and is suffering. It is expected that this index will enter an upward trend from the specified price floor, and you must keep an eye on the evolutions. And it seems that now is the...
People have been capitulating on alts and strong hands have bought them up on spot. Leverage got wiped out. We see TOTAL3 hitting the weekly ma20 with a hidden bullish divergence on rsi, and retesting the rsi neckline. There will not be many of these opportunities to load up spot on a weekly bull market correction. I think this is the last dip before a huge alt...
The short answer is... Now, this year into early next year. Although I would expect a lot of similarities this market cycle, I would also expect some differences. So let's start with the yellow diagonal line with the up trend. This line was originally drawn through the BTC price action. Look at how it actually works perfectly with the TOTAL3, PERFECT!! So,...
One usually refers to altcoins and mems flying high when talking about big profits and pumps. So, when the next alt season could happen? To answer this question, analysts usually examine ETH and the Crypto Total Market Cap (excluding BTC and ETH) charts to make a prediction. Moreover, I think it is worth analyzing the Dominance of altcoins (excluding BTC and ETH)...
Alts ratio to CRYPTOCAP:BTC is range bound. Which way will it break?🤔📈 📉 We should monitor this if we are to see a break from the range to determine if alts will outperform or underperform BTC. Altseason?
After 4 days if the weakly candle closed bearish then according to me the chart is going to retest again the level of 620B-650B $ and we see the alts at least 20% to 30% low from the current prices it feels like a dump before a huge pump.
According to the existing structure in the 3-month time frame, we notice the creation of a combination pattern of zigzag + zigzag type, that our current position is the B wave of the second zigzag, waiting for correction to the opinion range to complete the structure.