💡 TOTAL3 and BTC—— Another Insight on
#山寨币季节 As we delve deeper into the bull market phase, it is crucial to enhance our acuity, draw inspiration and imagination from various sources, and better understand the complex nature of the crypto space.
Below is a comparative analysis between
#BTC☀️ and
#TOTAL3 (which best represents the index of altcoins).
We can observe a significant similarity — it seems that the same pattern is repeating now, but on a larger scale.
Based on last year's model, it is easy to infer our current position and what might happen next. Similar to the chart of #Bitcoin, the RSI of TOTAL3 also confirms this pattern.
However, unlike Bitcoin, there are some subtle inconsistencies in the pattern repetition of TOTAL3. Nevertheless, at this scale, I believe these can be disregarded.
To better understand our position on
#TOTAL3 ...
We have passed a 35-day yellow zone sequence, and the RSI indicator has been above point B2 for several days now (see blue arrow).
💡 Last year, TOTAL3 followed a trend line. This year, in the initial 35 days, it is also running along a trend line, but with a steeper slope. This indicates that we are in a market acceleration phase (the so-called “banana zone”), which is characteristic of a bull market. If the chart continues to follow the trend line and repeats the 42-day time series, by January 20 next year, TOTAL3 could reach $1.73 trillion. This does not necessarily signify the end of the bull market, but rather a very important stage that we will discuss in future analyses.
I am not saying that things will necessarily develop in exactly the same way, but it is quite possible that it will follow last year's model. Do not blindly replicate — process this information through your own knowledge filter and see if it aligns with your models and the strategies adopted for this bull market.
Source: @btc_MasterPlan
$DOGE