Composite way.
Hi, everybody.
This is one of those composite charts that are designed to help you understand a little more.
First let me say that if you look at the larger timeframes, the whole market situation looks like some sideways movement. While some see a rise as early as tomorrow and others see the market falling, I see no clear signs of either right now. My personal opinion. But I do see something in the future.
So, we take the capitalisation of all coins without BTC and ETH,
subtract Tether additionally from it and divide by BTC.
On the left is a daily chart, on the right 19D.
Daily.
I haven't switched on the Volume Flow Indicator (VFI) for a long time.
There is a positive signal, the short volume EMA crossed the long EMA to form a golden cross.
If the volume data is valid, it means that the process of pumping liquidity into Total3 is underway.
The signal from the 9 seasons rainbow is ambiguous.
We have as many as three fuchsia-coloured stripes signalling a crazy sell,
and they have been replaced by light red stripes. In typical cases this is interpreted as:
Crazy Sold (Fuchsia) -> Bear Bounce (Light Red):
This normally indicates price has dropped to a new level
In addition, the Whalemap Indicator recorded purchases in February this year at 0.43.
It is assumed that the profit on these purchases is underperforming. Now the altcoin market is below this buying point.
19D.
Here I will switch to Ichimoku and Stupid Willy.
On the clouds we can see the "thin neck" area. Anyone who has been following my charts for a long time knows that I keep a close eye on these areas. When Senkou Span A and B come so close, it means an area extremely convenient for a resistance breakout. For price to break out above the clouds and start a run.
On this chart, the neckline starts on 23 September and ends on 31 October.
We can expect a breakout in this time frame, I think.
Stupid Willy showed a switching trend signal from red to green as early as the end of April, and pretty quickly back to red again. However, these signals occur when the black EMA crosses the major signal line.
And the black has once again come close to the leading line. I expect that by mid-summer we will have a sustained green.
Past pumps have formed two tops on this chart.
1.34 and 0.98. Additionally, I will highlight the resistance level of 0.68.
0.68 is the first target that the TOTAL-3 should pass towards new tops.
Unfortunately everything is still very slow.
But we are not discouraged.
I remember the summer and autumn of 2017,
not everyone actually thought growth was possible.
Killing faith is one of the tricks of this market.
This is one of those composite charts that are designed to help you understand a little more.
First let me say that if you look at the larger timeframes, the whole market situation looks like some sideways movement. While some see a rise as early as tomorrow and others see the market falling, I see no clear signs of either right now. My personal opinion. But I do see something in the future.
So, we take the capitalisation of all coins without BTC and ETH,
subtract Tether additionally from it and divide by BTC.
On the left is a daily chart, on the right 19D.
Daily.
I haven't switched on the Volume Flow Indicator (VFI) for a long time.
There is a positive signal, the short volume EMA crossed the long EMA to form a golden cross.
If the volume data is valid, it means that the process of pumping liquidity into Total3 is underway.
The signal from the 9 seasons rainbow is ambiguous.
We have as many as three fuchsia-coloured stripes signalling a crazy sell,
and they have been replaced by light red stripes. In typical cases this is interpreted as:
Crazy Sold (Fuchsia) -> Bear Bounce (Light Red):
This normally indicates price has dropped to a new level
In addition, the Whalemap Indicator recorded purchases in February this year at 0.43.
It is assumed that the profit on these purchases is underperforming. Now the altcoin market is below this buying point.
19D.
Here I will switch to Ichimoku and Stupid Willy.
On the clouds we can see the "thin neck" area. Anyone who has been following my charts for a long time knows that I keep a close eye on these areas. When Senkou Span A and B come so close, it means an area extremely convenient for a resistance breakout. For price to break out above the clouds and start a run.
On this chart, the neckline starts on 23 September and ends on 31 October.
We can expect a breakout in this time frame, I think.
Stupid Willy showed a switching trend signal from red to green as early as the end of April, and pretty quickly back to red again. However, these signals occur when the black EMA crosses the major signal line.
And the black has once again come close to the leading line. I expect that by mid-summer we will have a sustained green.
Past pumps have formed two tops on this chart.
1.34 and 0.98. Additionally, I will highlight the resistance level of 0.68.
0.68 is the first target that the TOTAL-3 should pass towards new tops.
Unfortunately everything is still very slow.
But we are not discouraged.
I remember the summer and autumn of 2017,
not everyone actually thought growth was possible.
Killing faith is one of the tricks of this market.
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Catatan
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