According to @CryptoTony_, the $Total 3 crypto market cap chart has transitioned from a bearish to a bullish outlook after completing a double top breakdown and reaching its target. The chart is now forming a head and shoulders pattern, with the right shoulder currently developing, indicating a potential bullish reversal for altcoins. This technical shift could present new trading opportunities in the altcoin market, as traders monitor confirmation of the reversal pattern for entry points (source: @CryptoTony_ on Twitter).