Looking at TOTAL3 (total altcoin market cap excluding $BTC and $ETH), we've got a clean double bottom forming on the higher timeframes. Let me walk you through why this matters.
Double bottoms are textbook reversal patterns. When you see them on weekly or monthly charts, they carry serious weight — these aren't quick flips, they're structural shifts. The market tested a low, bounced, retested that same level, and held. That's buyers stepping in twice at the same zone, which tells you something about where demand lives.
Historically, when TOTAL3 prints this kind of setup on higher timeframes, it's been a very bullish signal for the altcoin complex. Not a guarantee, but a high-probability read.
First target: 2021 highs. That's your resistance level to watch. If we reclaim that zone and hold it as support, the next phase is price discovery — meaning we're in uncharted territory, no overhead resistance.
Confirmation comes from a clean break and retest of the neckline. Invalidation is simple: if we lose the double bottom lows, the structure fails.
This is the kind of setup you want to see when positioning for a broader alt season. Structure is clean, the pattern is well-defined, and the upside is clear. Watch for follow-through.
Double bottoms are textbook reversal patterns. When you see them on weekly or monthly charts, they carry serious weight — these aren't quick flips, they're structural shifts. The market tested a low, bounced, retested that same level, and held. That's buyers stepping in twice at the same zone, which tells you something about where demand lives.
Historically, when TOTAL3 prints this kind of setup on higher timeframes, it's been a very bullish signal for the altcoin complex. Not a guarantee, but a high-probability read.
First target: 2021 highs. That's your resistance level to watch. If we reclaim that zone and hold it as support, the next phase is price discovery — meaning we're in uncharted territory, no overhead resistance.
Confirmation comes from a clean break and retest of the neckline. Invalidation is simple: if we lose the double bottom lows, the structure fails.
This is the kind of setup you want to see when positioning for a broader alt season. Structure is clean, the pattern is well-defined, and the upside is clear. Watch for follow-through.
