What is: TOTAL, TOTAL2, TOTAL3, what do they show and what is their essence 💬
1. There is the total market capitalization - Total, which currently amounts to $3.26 trillion; I will break down the total in detail later. But the total chart correlates strongly with Bitcoin, and if you compare the charts, everything will be perfectly clear.
2. There is the capitalization of all altcoins excluding Bitcoin - Total2, which currently amounts to $1.38 trillion; I will analyze the chart separately. But let me explain what Total2 is for: it shows the overall picture of the market and how much $$$ is flowing into altcoins + the sentiment of retail traders and whales. The Total2 chart correlates with Ethereum, and if you compare them, everything will be clear.
About 2 weeks ago I made a list of assets that will give you x's - $Tia shot up and gave about 2x
Now let's talk about #ARB which I also added to that list - it has grown by 70% since that post
Further movement on this coin I see like this
But for now, like on the whole market, from the point of view of adequacy this asset should cool down a bit
At least to 0.8-0.6$ - there is a buyer's block + BRP on the monthly time frame
From there I expect that the asset will give a good reaction to Long and will go at least to update the May high of $1.267, and if good volumes are poured into the project and the team of creators gives us some positivity - then we will generally go for the update of the January high - $2.4
The coin is at $5.24 - yesterday I wrote that I want to take this coin on spot for the long term
I would like to pick up a Long from ob(3,673/4,295) on the daily chart, from there we gave a good reaction. But if, for example, we break through the trend line, a lot of liquidity accumulates behind it - in this case we can immediately fly to the targets. But ideally, we will return there to the order block and there we will enter Long with targets of $8-$10-$25, the last target is just in case of a bullish trend and a strong alt season, but the first two are a priority
Which altcoins will give x's during the alt season?
First, I will outline the top assets that I would take in my portfolio during a bull market, and then I will tell you about them in detail. ⏫ Top 10 fundamental projects/coins on spot - that will give you x's and good profit during alt season: 1. #Tia 2.#Ordi 3.#Op 4.#INJ/USDT 5.#Strk 6. Atom 7. FTM 8. Near 9. APT 10. Avax
Behind each project, there is a whole ecosystem; each of these projects stands out against the backdrop of most digital assets with innovative technology or improvements to existing protocols, and the teams behind these projects are constantly attracting investors to their tokens. Additionally, many projects have been in the market for a long time, so these coins have great potential for growth.
I remind you all that I wrote about the correction with the beginning of the new week, not now.
I wrote about the weekend that Bitcoin would be in a sideways trend, while altcoins would grow with the decline in dominance, and that is what happened, only Ethereum is rising, dominance is falling, and altcoins are just standing still (I wrote about this in TG on Thursday).
So we wait for the new week - good night to everyone.
After the weekend, a correction will begin, as it will across the entire market.
Ethereum has removed a very important level at $3000, simultaneously covering the entire FVG. Let me remind you that $3000 is a psychological level; short sellers placed stop-losses above it, and many whales are closing part of their positions + long holders think this is already bullish + dominance is falling by 1% per day (many who have been in my channel for a long time should remember my long-term global overview that I did a month ago, where I wrote that when dominance starts to fall, everything will start to rise very quickly, but for it to fall, we need to reach a resistance level - until then, altcoins will suffer). Yes, it is falling, but that does not negate or save altcoins from correction.
Now we have an important range at $2770; at a minimum, the price should correct to this level - if we break through and settle above it, the price will go lower to cover the gap (2460/2700) on the daily chart.
From there, we will see how the situation develops - ideally, we would go to 2200$ , and I tend to think we will go there, as there is a large liquidity pool. When we get there, panic will begin among long holders - they will think the bull run is over, they will start opening shorts, and then altcoins will start to shoot up, taking out all the clever ones.