This analysis is an update of the analysis you see in the "Related publications" section
TOTAL3 refers to the total crypto market cap excluding Bitcoin and Ethereum.
If we zoom out and observe what altcoins are doing, we might gain better control over the market.
We know that in the past few days, there have been heavy pump-and-dump moves that have hunted liquidity.
From the point where we placed the red arrow, it appears that a correction in TOTAL3 has begun. This correction seems to be forming a flat pattern, and we are currently in wave B of that flat. Wave B itself appears to be a diagonal (diametric), and we are now in wave F of it.
The triangle from the previous analysis is actually the triangle of wave F, and altcoins have turned red as they are likely in wave e of this triangle.
Wave g of B is expected to start soon (from the green zone), and a bullish rally could follow.
After this rally, price may enter a deeper correction equal in size to wave A, forming a large wave C | a move that could take over 423 days to complete.
This seems to be the roadmap for TOTAL3.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
TOTAL3 refers to the total crypto market cap excluding Bitcoin and Ethereum.
If we zoom out and observe what altcoins are doing, we might gain better control over the market.
We know that in the past few days, there have been heavy pump-and-dump moves that have hunted liquidity.
From the point where we placed the red arrow, it appears that a correction in TOTAL3 has begun. This correction seems to be forming a flat pattern, and we are currently in wave B of that flat. Wave B itself appears to be a diagonal (diametric), and we are now in wave F of it.
The triangle from the previous analysis is actually the triangle of wave F, and altcoins have turned red as they are likely in wave e of this triangle.
Wave g of B is expected to start soon (from the green zone), and a bullish rally could follow.
After this rally, price may enter a deeper correction equal in size to wave A, forming a large wave C | a move that could take over 423 days to complete.
This seems to be the roadmap for TOTAL3.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
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🔆To succeed in trading, just enter our Telegram channel:
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Free membership: t.me/Behdark_EN
🔷Our Telegram channel has daily spot and futures signals 👉 t.me/Behdark_EN
💎 Exclusive signals are only shared on our Telegram channel
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.