TOTAL 2 Price Action & Commentary - T2 is currently trading at 1.17T$ down from 1.28T$
- T2 is currently trading a discount array but the structure needs more strength and infusion.
- We need to see a structure shift above 1.28T$ and then retrace back after purging that recent swing high
- That retracement is going to be a confirmation entry offering a decent R:R
- However, for a larger R:R we need to enter in Alts setting up strong at this stage after pairing the location of USDT Dom which will help you refine your entry location
- Manage you risk and allocation size accordingly
TOTAL2 trade ideas
Altcoin season has been confirmed. Hurry up!TOTAL2 has experienced a strong surge today with higher volume than the previous day, occurring on the fourth day, thus fulfilling the conditions for a Follow-Through Day (FTD). Altcoins have also surged strongly, confirming the above. Act now before it's too late.
TOTAL 2 Total 2 just break out of the bull flag as well. Expecting some retest at level of 0.5 FIB and right at the trendline.
The last opportunity to BUY some fricking ALTS.
Another pullback would be at the previous HIGH of TOTAL 2, a healthy pull back to Golden Pocket Area at 0.618-0.718 FIB.
And the shoot it to the moon of course.
SELL ALL your Altcoins when BTC breaks its up trend movement. Lower Low and about to create Dead Cat Bounce and makes Lower High. RUN RUN RUN
NFA
Bullish Momentum Builds as Crypto Total Market Cap Approaches Ke
The total cryptocurrency market cap, excluding Bitcoin (TOTAL2), has recently approached a significant resistance block, showing bullish momentum.
If this resistance is breached, an inverted head and shoulders breakout could be imminent, suggesting further upside for the altcoin market. Key levels to watch include the resistance at $980 billion and the neckline at $1.08 trillion, which could serve as targets if the current trend continues.
However, a break below the $890 billion support level could reverse the bullish outlook, leading to further consolidation.
Currently, TOTAL2 is valued at $931.389 billion, above the 200-day EMA, indicating a shift to a bullish trend from short-term to long-term.
This trend began in mid-Q3 2024, following a dynamic upward trendline that has acted as a lifeline.
The MACD indicator also shows a bullish signal, with a crossover indicating increasing buyer pressure. Rising green histogram bars, currently at $4.211 billion, support the idea of an extended rally.
TOTAL2 LODING FOR 2 TRILLION WITH HUGE ALTSEASONTOTAL2 appears to be forming a head and shoulders pattern on the weekly timeframe, currently awaiting a retest for confirmation. Another indicator to watch is the RSI, where a clear trendline retest is anticipated. Once the RSI retests around the 50 mark, significant market movement could ensue, potentially leading to a surge of $2 trillion with a projected rise of 70%.
Could Altcoins Reach $7 Trillion in this Bull Run? Could Altcoins Reach $7 Trillion in this Bull Run?
Bookmark this post for a streamlined breakdown of the #altcoin market cap trend:
1️⃣ Breakout: The market cap has breached a critical resistance, hinting at a bullish onset ( Black TrendLine )
2️⃣ Skyrocket Post-Retest: Expect a sharp rise after the market retests the newfound support level.
3️⃣ Awaiting Retest (Green Box): We're currently watching for a dip back to the retest level, a pivotal moment for trend confirmation.
4️⃣ Potential $7T Market Cap: Following historical patterns, altcoins could reach a $7 trillion market cap in this bull run.
ALTCOINS HAVE HIGH CHANCE TO MOVE UPSIDEUSDT.D is seeing little correct at the same time we can observe correction in BTC.D in Harmonic pattern, mostly move upwards. if it lost support market will bleed more, be careful market sentiment is worst. #Bitcoin #nft #bnb #eth #btc #BSC #Binance #trading #altcoins #cryptocurrency #crypto #sol
Market Exit- Short termTotal 2 market cap gives a clear idea about how Altcoins can perform.
It's supports and resistance gives a clear indication when alts can pump and when it's time to exit.
As per the trend line shown, according to me after reaching the market cap of 1.35-1.4 T, the trend can break, retesting back to 1.2-1.25T which can significantly lead to alts dumping.
Till then, I expect $BTC to reach 51-52k mark and retrace back up to 45-46k (which should hold, if not it will go back to 30-34k and may be much lower)
#cryptocurrency
CRYPTOCAP:TOTAL2
BINANCE:BTCUSDT BINANCE:ETHUSDT
TOTAL2 4HOUR UPDATE
Welcome to this quick update, everyone.
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I also post altcoin setups on Spot, Margin, and Futures .
I have tried my best to bring the best possible outcome in this chart .
Total market cap broke out a huge cup and handle pattern already retraced it or support level is 2.427T and resistances level is 2.58T .
I thing the price cam pump from here .
if its broke and close above the support level then the chart will become invalid.
What's your thought on this?
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Thank you
#PEACE
altmarketcap looks good, could atl season start from here? Technical analysis:
ALTCOIN MARKET CAP UPDATE:
The current market situation is baffling, TBH, its a mess and lots of FUD.
Anyways, here's an update on the ALTMCAP (TOTAL2).
On 12th May 2021, we saw the Total2 reaching its highest point at $1.418 Trillion, and from that point, within 11 days it dropped to $619.6 Billion. It was a huge blow on everyone's face as the market bleed bad. This fall was not good neither for BTC nor for the Altcoins.
In this chart, we can see the present scenario 1 of the market which is leaning towards the bullish side but scenario 2 is little bleed and less likely but it could be possible. The Total2 needs to break above the resistance trendline and then come for a retest for bullish confirmation. Currently, it is above the 50 D MA which is a good sign but if it closes below this MA then it may fall to test the supportive trendline.
I believe things will change soon.
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