I have been following the Nasdaq from 2000-2001 instead of these hyper bulls or perma bulls from X(Twitter). Doing research and following the correct sources and people who like me would not sell you a dream just to dump on you later.

For #altcoin market, I follow the Total3 (excluding Etherium and btc) from the Tradingview which tracks the market cap of altcoins.

If we look at the Nasdaq and compare it to the current state of the altcoin market, it is very very similar. We had capitulation, followed by anger almost with the same percentage drawdowns for both asset classes.

Nasdaq dropped by 83.50% from peak to bottom, now look at the Total3 and see where that would lie on the chart (another almost 30% downside).

We are still missing the depression phase of the cycle which I am confident we will see in November or December 2023 sometime or maybe January 2024. I am expecting another fall of 30-35% in altcoin market.

Watch out for your alts and be ready with cash to buy when the opportunity presents.

Few alts here and there mostly liquid ones will not follow it due low liquidity. Do not be too hyped due to them and fomo in.

Wait and watch

#etf #alt #BTC #ETH #total3

So how many people bought the Jan re-test for $alts. Full send mode incoming for alts.
#defi #total3 #alts #Write2Earn #dyor

Total3 (Altcoins except for $BTC & $ETH ) Looks to be forming a bearish ascending narrowing wedge, managed my risk accordingly & will wait for a better risk : reward setup. #altcoin #total3

🐸 PEPE/USDT 🐸

✔️ $PEPE has been consolidating within a certain range for a while after an 800% rise last month and seems to have created a triangle formation in the 4-hour period. It is observed that the price is currently rising above the 4-hour period without entering the oversold zone.

✔️ I think that as long as the decline in the BTC and #total3 charts does not continue, the price will keep itself in this formation and the price will test the falling trend in the first volume rise. If this trend breaks, the price will try to take the liquidity in the resistance areas I mentioned on the chart. If the opposite happens, support zones are available on the chart and our first main support is the previous bottom zone of the price, $0.00000600.

✔️ We must act knowing that PEPE is a #memecoin‬⁩ and risky investment. Risk management and gradual purchasing should always be on our minds!

❗️ What I write here is my own opinion and is not investment advice. #DYOR

If #eth eft is not approved, there may be a loosening of around 20-30% in altcoins. I expect contact with the nearest support on the #total3 chart and interest rate cuts from there, as well as a decline in #btcd and a rally in alcoins. These regions are risky for buying, I am not buying yet.

🤖FET/USDT🤖

✔️ $FET , which is seen as one of the strongest projects of #AI assets, has moved its price to $ 3.48 with its latest rise, after its impressive performance over the past 2 months, creating a new ATH and local peak for itself. For about a week, FET, like the general crypto markets, has been in a correction phase and the price has been in a downward trend. Looking at the 4-hour chart, FET is currently at a support level and the RSI indicator shows us that FET is almost in the oversold zone.

✔️ Although I think the current price is at a reasonable level for FET under normal circumstances, the price may not have reached the bottom yet due to the falling trend we observe in the BTC and TOTAL charts. If BTC, and especially the TOTAL3 chart, continues its downward trend structure in recent days, our first main support zone for FET looks like $2.35 - $2.40. If the price wants to go up from here, it will want to break the falling trend and if successful, I think the price will try to buy the liquidity in the resistance areas I showed on the chart.

✔️ In times like these, risk management and gradual purchasing are the best friends of us investors. It would be the most logical move for us to invest in the $FET and #altcoin markets according to the course of the #Total2 and #total3 charts.

❗️ What I write here is my own opinion and is not investment advice. #dyor

$total3 Market Cap Excluding $BTC $ETH
Bullish Flag Sooner or Later it will breakout and make a new higher high.
First target is 780 billion and the next one is around 900 billion to 1 trillion.
Soon altseason is coming
#ETH_ETFs_Trading_Today #total3 #BinanceTurns7