TradingView has several charts that let investors explore the technical charts of markets. For crypto investors, Coin / USDT charts are the ones that are tracked to "predict" the future actions in the digital assets. Most of the time, we focus on 4-hour, daily or weekly charts to have an idea about possible actions in the future of the cryptocurrency.
While there are some asset-focused charts, there are also some charts that track the whole market. For example, TOTAL CRYPTO is used to track the TOTAL value of the market in a single chart.
TOTAL crypto shows that the 50 months support was around 1T for crypto and we bounced back from these levels. Next target will be 1.43T 20 months average. As you can see, the previous ATH was above 3T in total.
However, this chart does not provide in-dept altsezon analysis. Rather, crypto investors watch 2 more charts that exclude either Bitcoin or both BTC and ETH from the total market valuation.
Total 2 - Excluding the King
If we want to exclude the value of Bitcoin, Total2 is here to help us.
Similar to Total chart, it retraced from MA50 support, which is 440B for altcoins' market cap, and the target is 20-month average 820B.
If both Ethereum and other altcoins gain value, the first target might be above 800B in a couple of months.
Remember, ATH for Total 2 was 1.7T in the previous bull-run.
Total 3 - Exlucing BTC and ETH
This might be the most critical chart for those who want the chart to be free from ETH's market cap, as well.
Let's look at the chart in the weekly timeframe:
As you can see, we are above 200 weeks, 50 weeks and 20 weeks moving average. However, interestingly, the chart shows that the moving average is below 128 weeks moving average level.
Looking at the chart, we can say that getting MA 200 support is a good thing. RSI is above 55 level, at the same time. I, personally, expect some more green days for altcoins if the trend is not reversed. Bitcoin's 2x performance may start to feed the altcoins in a mini accumulation phase for it.
What do you think about that? Is ALTSZN here yet?