A TOTAL3 Break from Range signalized a confirmation of a bottom
2024-12-26
Category: None

We can see on Monday 23rd 2024 during nyse hours, after a bitcoin drop, BTC was ranging between 92.6 and 96k. 

We can also see that during this range TOTAL3 (alts) broke range structure decisively to the upside signaling a bottom with a bullish increase of 3.25% within an hour (something that a day later would propel bitcoin to break its range up to 99k so far).

The TOTAL3 rise was also precipitated by a BTC.D -2%  perpendicular drop within a timespan of 9 hours, that would later culminate in TOTAL3 rise exactly around BTC.D Pivot.

*Note that BTC drops in price usually go hand in hand with a rise of BTC.D not a drop of BTC.D, adding to the number of anomalies that were present in the Price Action at the time. 

We can thus use TOTAL3 to assist us in bias confirmations as it measures investors overall confidence in the ecosystem onto our toolbox indicators.
We can thus also use BTC.D drops in timing TOTAL3 rises.

As in all in trading everything is fallible prone, and should be used with corresponding precautions.


