Close Menu
ApeWatcher News
  • Home
  • Advertise
  • Headlines
  • Crypto
    • News
    • Bitcoin
    • Ethereum
    • Altcoin
    • View All
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Rates
  • Videos
  • Listing Platform
  • BSC
  • ETH
  • Listing Platform
  • BSC
  • ETH
What's Hot

Ethereum holders back in profit as ETH price enters ‘crucial area’ for $3K breakout

May 21, 2025

Bitcoin Chart Predicts $128K! (Ethereum Set for $10,000 Breakout)

May 21, 2025

Justin Sun Emerges as Biggest TRUMP Holder With $21.9M Stake

May 21, 2025
X (Twitter) Telegram
  • Listing Platform
  • Home
  • BSC
  • ETH
Advertise
X (Twitter) Telegram
ApeWatcher News
  • Headlines
  • Crypto
    1. News
    2. Bitcoin
    3. Ethereum
    4. Altcoin
    5. View All

    Ethereum holders back in profit as ETH price enters ‘crucial area’ for $3K breakout

    May 21, 2025

    Justin Sun Emerges as Biggest TRUMP Holder With $21.9M Stake

    May 21, 2025

    Bitcoin Erupts to All-Time High, $109K Mark Shattered on Wednesday

    May 21, 2025

    Bitcoin hits new all-time high of $109K as trade war tensions ease

    May 21, 2025

    Bitcoin hits new all-time high of $109K as trade war tensions ease

    May 21, 2025

    Bitcoin Suisse eyes UAE expansion with regulatory nod in Abu Dhabi

    May 21, 2025

    Bitcoin ‘blow-off top’ set at $128K with new all-time highs in sight

    May 21, 2025

    Blackstone buys $1M worth of Bitcoin ETF in first crypto bet

    May 21, 2025

    Ethereum holders back in profit as ETH price enters ‘crucial area’ for $3K breakout

    May 21, 2025

    Arthur Hayes Gives Portfolio Update, Says ‘Nasty Correction’ Could Be Approaching This Year for Crypto

    May 21, 2025

    Ethereum price gained 90% the last time this indicator turned bullish

    May 20, 2025

    Whale Holding $2,190,000,000 in Bitcoin Withdraws More BTC From Binance in Accumulation Spree: Lookonchain

    May 20, 2025

    These Crypto Entities Will Be the Largest Holders of US Treasuries in the World, According to Senator Hagerty

    May 21, 2025

    ‘Hawk tuah girl’ Haliey Welch says FBI probed her ‘memecoin disaster’

    May 21, 2025

    Quantum Biopharma adds to crypto holdings

    May 19, 2025

    Crypto.com, Canary launch CRO fund in US

    May 19, 2025

    Ethereum holders back in profit as ETH price enters ‘crucial area’ for $3K breakout

    May 21, 2025

    Bitcoin Chart Predicts $128K! (Ethereum Set for $10,000 Breakout)

    May 21, 2025

    Justin Sun Emerges as Biggest TRUMP Holder With $21.9M Stake

    May 21, 2025

    Bitcoin Erupts to All-Time High, $109K Mark Shattered on Wednesday

    May 21, 2025
  • DeFi
  • NFT
  • Metaverse
  • Guides
  • Videos

    Bitcoin Chart Predicts $128K! (Ethereum Set for $10,000 Breakout)

    May 21, 2025

    JPMorgan Is LYING To You About BITCOIN

    May 20, 2025

    Wall Street's Bitcoin Buying Frenzy: Is a Crypto Bull Run Coming?

    May 20, 2025

    SHOCKING Things Happening w/ Bitcoin Behind the Scenes (DON'T MISS)

    May 20, 2025

    Ripple vs. Coinbase: Circle Bidding War! Who Wins & Why It Matters?

    May 20, 2025
ApeWatcher News
Home » Top Analyst Predicts One More Leg Down for Altcoins Before Fresh Rallies, Updates Forecast on Bitcoin
Top Analyst Predicts One More Leg Down for Altcoins Before Fresh Rallies, Updates Forecast on Bitcoin
News

Top Analyst Predicts One More Leg Down for Altcoins Before Fresh Rallies, Updates Forecast on Bitcoin

The Daily HodlBy The Daily HodlAugust 20, 20240 ViewsNo Comments
Share
Facebook Twitter LinkedIn Pinterest Email

A crypto strategist known for calling bottoms believes the altcoin market is one correction away from igniting rallies.

Pseudonymous analyst Bluntz tells his 269,600 followers on the social media platform X that he’s keeping an eye on the TOTAL3 chart, which tracks the total market cap of crypto excluding Bitcoin, Ethereum (ETH) and stablecoins.

Bluntz says TOTAL3, which is used to gauge the performance of altcoins, looks poised for a leg down before it regains bullish momentum.

“Although TOTAL3 structurally looks amazing, very clear five-wave rise from the lows on the four-hour [chart].

I still think an ABC correcting that impulse from the lows is materializing and has yet to do a C wave down.

I would be careful being max long right now, good entries will come…”

The analyst practices the Elliott Wave theory, which states that a bullish asset tends to witness rallies after completing an ABC move down. Based on the trader’s chart, he seems to predict that TOTAL3 will drop to $530 billion for the C wave before rallying to $620 billion.

At time of writing, TOTAL3 is trading for $576.212 billion.

Looking at Bitcoin, the trader thinks that BTC is also due for a C-wave correction toward the $55,00 level prior to a rally close to $65,000.

“Decent move up on BTC from those lows on Friday. However, I think we might come off a bit more and do another leg lower around $55,000. 

Basing this thought around TOTAL3 which looks quite clear, in my opinion.”

Image

At time of writing, Bitcoin is worth $60,593, up 3.31% on the day.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Follow us on X, Facebook and Telegram

Generated Image: DALLE3



Read the full article here

Follow us on Google News to get the latest Updates

 
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Ethereum holders back in profit as ETH price enters ‘crucial area’ for $3K breakout

May 21, 2025

Justin Sun Emerges as Biggest TRUMP Holder With $21.9M Stake

May 21, 2025

Bitcoin Erupts to All-Time High, $109K Mark Shattered on Wednesday

May 21, 2025

Bitcoin hits new all-time high of $109K as trade war tensions ease

May 21, 2025

Crypto’s real momentum isn’t in the charts; it’s in developer activity

May 21, 2025

CoinDesk 20 Performance Update: Uniswap (UNI) Gains 7.2% as Index Climbs Higher

May 21, 2025
Add A Comment
Leave A Reply Cancel Reply

Top Articles

Ethereum holders back in profit as ETH price enters ‘crucial area’ for $3K breakout

May 21, 2025

Bitcoin Chart Predicts $128K! (Ethereum Set for $10,000 Breakout)

May 21, 2025

Justin Sun Emerges as Biggest TRUMP Holder With $21.9M Stake

May 21, 2025
ApeWatcher News
X (Twitter) Telegram
  • Privacy Policy
  • Sources
  • Terms and Conditions
  • Contact
  • Advertise
© 2025 Ape Watcher News

Type above and press Enter to search. Press Esc to cancel.