TOTAL3 Set to Explode: Altcoin Season Incoming? (12H)

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TOTAL3 refers to the total crypto market cap excluding Bitcoin and Ethereum.

The correction of TOTAL3 started from the point where we placed the red arrow on the chart.

It seems to have formed a triangle, and wave C now appears to be complete.

As long as the demand zone holds, it can move up toward the supply box and complete wave D.

After hitting the red box, a drop is expected for wave E — followed by the main bullish move.

Altcoins seem ready for a strong move; let’s see how it plays out.

A weekly candle close below the invalidation level will invalidate this analysis.

For risk management, please don't forget stop loss and capital management
When we reach the first target, save some profit and then change the stop to entry
Comment if you have any questions
Thank You

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Giao dịch đang hoạt động

This analysis is still valid. As long as this index hasn’t reached the red zone, it’s better not to look for Sell/Short positions on altcoins. This index suggests that the market can move upward and pump even without Ethereum and Bitcoin turning bullish. The situation could get a bit complicated.

A weekly candle close below the invalidation level will invalidate this analysis.