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What is next for equities? (NASDAQ)This chart is going combined the biggest market cap of NASDAQ. Technical aspect: Below the areas we are currency at, the next area below would be 5518. That would be heading NASDAQ further pull back. Higher above could go towards 5948 areas - Above could just follow the ascending channel. Increasing likely hood of testing key resistance areas. Interesting chart, could help guide you get a direction towards NASDAQ. Just a trade idea, not a recommendation.
NASDAQ:META
by Trade_Journal
OCC “Legitimizes” Crypto and a Fundamental Market Analysis Happy Thursday. In the event you missed the news which appears to have been the catalyst for the large moves in the market yesterday, Coindesk reports the Office of the Comptroller of the Currency released guidance yesterday affirming the authority of Chartered National Banks in the United States to provide Cryptocurrency Custody Services for their customers in both a fiduciary and non-fiduciary manner. Banks in US Can Now Offer Crypto Custody Services, Regulator Says Wednesday’s letter also “reaffirms the OCC’s position that national banks may provide permissible banking services to any lawful business they choose, including cryptocurrency businesses, so long as they effectively manage the risks and comply with applicable law.” The Ripple Foundation have long sought to replace the current SWIFT system with the Ripple Protocol and Ripple Cryptocurrency (XRP) to settle inter-bank transactions, and this move by the Office of the Comptroller of the Currency may have provided a key win to that effort. Neo & Bee the First Attempt at Bank-Like Cryptocurrency Services Seems the space has come a long way since the failed attempt in 2014 of Neo & Bee in Cyprus – a brick and mortar Bitcoin business with bank-like services. Bank-like Bitcoin Portal Neo Opens First Branch in Cyprus Neo & Bee had intended to raise 24,600 BTC for its operations at a time when the currency was worth roughly $120. Shares then were publicly traded via Panama-based Havelock Investments, a platform for the trading of bitcoin-denominated shares in companies before being halted amid company turmoil. According to Coindesk, the CEO Danny Brewster fled the Cyprus and a warrant for his arrest was issued by the Criminal Investigation Department of the Cypriot Police amid allegations of fraud by early Neo & Bee investors. Seems the Bitcoin/Cryptocurrency bank experiment moves into a new phase in the United States, with nationally chartered banks offering custody services. I’m curious to see if and when crypto accounts become available to depositors at banks and credit unions. Perhaps crypto has finally reached the stage of acceptance. Total Cryptocurrency Market Capitalization Breaks Trendline Resistance The Total Market Capitalization for the entirety of the crypto marketplace (as calculated by Tradingview) has steadily declined 42.94 percent from a high of $459.12 Billion as of February 18, 2018, to $261.959 Billion as of July 5, 2020. However, on July 20 things changed significantly with a Market Cap spiking $7 Billion over a two-day period. The $7 Billion USD value of the spike is not in and of itself significant. However, the spike decisively broke declining trend line resistance which was established in February 2018, and that is very significant. Within 24 hours after the decisive break of the MCap trend line, news from the Office of the Comptroller of the Currency broke and PA spiked hard. However, in my opinion, the PA remains subdued given a 5.2% increase in Total Market Capitalization within a 48-hour period poured into the market. Currently MCap remains flat, but it absolutely deserves a close eye over the coming days and weeks given nationally chartered banks and their depositors now have the potential to enter the cryptocurrency marketplace. Declining Bitcoin Dominance Bitcoin Dominance as a percent of Total Market Capitalization has declined from a high of 72.79 percent as of September 5, 2019 to 65.43 percent as of July 5, 2020. Since that time Bitcoin Dominance has largely been trending down and currently rests at 62.97 percent. During the ICO heyday on 2017, Bitcoin Dominance fell from 95.79 percent on January 1, 2017 to a low of 36.62 percent on January 13, 2018 – just over one full year. These facts would seem to suggest a couple of things: The increase of MCap combined with material decline in Bitcoin Dominance suggests new capital is choosing Altcoins over Bitcoins. Based upon comments by Jeremy Allaire of Circle earlier this year regarding the explosive growth in stablecoins , I suspect a vast majority of this capital is parked in USD pegged stablecoins (such as USDC and USDT). His comments suggest those stablecoin investors are not focused on deploying that capital into Bitcoin and other cryptocurrencies. Rather, they seek to use stablecoins as a solution to dollar shortages worldwide and provide alternative payment methods to SWIFT and credit cards. This could potentially signal static and/or lower Bitcoin prices over the near term as Altcoin season peaks, should stablecoins dominate the MCap of the Altcoin Market. The prior trend during 2017 suggests “Altcoin Season” (represented as a material decline of Bitcoin Dominance) peaks approximately one year before reversing. The current material decline started September 5, 2019, which would suggest “Altcoin Season” should peak in September 2020 if the prior trend from 2017 is a viable reference. The prior material decline of Bitcoin Dominance during the 2017 Altcoin Season reversed at 36.62 percent of Total Cryptocurrency MCap, which would imply Bitcoin could see a potential MCap decrease of 20 percent before the current trend reverses. Unless material capital inflows enter the market and significantly boost Total Cryptocurrency MCap, it would suggest BTC price should decline lockstep over the near term as capital flows out from Bitcoin into Altcoins over the near term. The guidance issued by the Office of the Comptroller of the Currency has legitimized cryptocurrency in a fundamental way crypto advocates have long dreamed and hoped for - even if traditional banking institutions do not rapidly embrace development of products and services for retail depositors. More importantly, this signals a fundamental change in banking is potentially on the horizon, providing an opportunity for a more mainstream adoption crypto advocates have long dreamt about. Where that potential future capital flows in the Crypto Marketplace will say much about what the future of cryptocurrency will be. Always remember this is not trading advice. Outside of that, Happy Trading.
CRYPTOCAP:TOTAL
by FOFAgent1
Is BTC is ready to recover some market cap?Hello, traders. The question is simple, is BTC ready to recover some market cap? The answer is not so simple. The altcoins are rising sharply in the past few days causing bitcoin to lose dominance. Due to factors such as bitcoin are linked to American markets that are quite susceptible to bad news, this stability has made altcoins gain strength to gain dominance. But now we can be tired from the downward movement, with the RSI showing a bullish divergence. I hope the price will reverse its trend in this region, possibly with the test at the important support level. That could indicate an end to the upward trend in altcoins. Push the like button and follow us on Tradingview.
CRYPTOCAP:BTC.DLong
by MarketMinds
6
Text-Book BEAR Flag on EOS/USD Tell-Tale for SHORT PositionIn this idea I will explain what a bear flag is and how this information can help us position ourselves for a nice short trade on EOS. A Bear Flag is a bearish continuation pattern. It is formed when after a strong drop, an ascending channel is formed where the price bounces back and forth. The bullish version creates a view that looks similar to a flag and a flagpole, from which the name is derived. If at some point the channel is broken downwards, a second downward movement can be expected. EOS is trading in exactly such pattern after yesterday the whole market had a big dump downwards. I suggest a short trade set-up here on EOS where the take profit is close to the 2.40 level Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:EOSUSDShort
by Trading-Guru
5
TOTAL2 - Critical PointHello Traders! Looking at the TOTAL2 chart, we are in a critical point, if we get rejected on the upper trendline, we might expect a pullback, or a reversal of the trend. If you take a look at the daily chart, you can see that there has been a fiercely fight between the bears for almost 3 days on this area, and it seems that the bulls are finally winning, but lets see how it works out. Looking at the monthly and weekly MACD they have an upward trend, what might help to overcome the 93B critical Market cap. Hope this information is useful. Good luck!
CRYPTOCAP:TOTAL2
by sirfreakthemighty
Altcoin Market Cap in BTC - Long-Term ViewLet me just start by saying that I do realize that my methods are quite unorthodox, but I'm sure you'll find them convincing nonetheless. Thank you for reading, and please show your support by hitting the "Like" / "Follow" button now. The chart you're seeing here is the market cap of all altcoins combined in BTC (not USD). The formula used is TOTAL2/BTCUSD. It is my opinion that looking at it in USD just taints one's view, and it's very difficult to draw conclusions from that data. As you can see here, the data is very clean, reliable, and tells a really good story. In this weekly chart, you can see that the altcoin market established a support in Feb 2017 (lower yellow line), which it has not broken till date. It then established another support during the crypto Christmas of Dec '17 (upper yellow line), which was tested in May '19, and broken in June '19. So we're back to our original support, which has now been tested 3 times, and held. There are also two resistance lines shown (in blue). Our solid support helped break the first resistance line in Jan '20, and we are at this moment getting squeezed between the solid support and the next resistance line. You'll also notice that the 50 Week EMA (orange line) is forming a confluence with the resistance line overhead, which has historically also acted as a support/resistance. Another thing to look at is the Volume Flow Indicator (VFI) at the bottom of the screen, which I believe is indicating a bullish divergence in the weekly timeframe. If you want to know why I'm looking at this indicator, see my tutorial linked below. When I think of all these factors combined: strong support underneath, 50 Week EMA overhead that has been pierced twice recently, and squeeze between support and resistance, combined with the fact that the support didn't break even during the COVID crash, and the general positive energy in the altcoin market right now, I can't help but feel bullish about the altcoin market. The squeeze seems to be terminating in the third week of July, so I think we will have a decision by then. The wildcard is the impending potential stock market crash, but seeing as the last crash (Mar '20) actually gave the altcoin market a pump, I'm not worried about that at all. Keep in mind though that I'm talking about prices in BTC, not USD, so if you're trading altcoins in USD then you have to take the price of BTC in USD into account... forewarned is forearmed. This is my idea on how the altcoin market might behave in the coming weeks. If you find it helpful, please Like the idea. Also would be great to Follow me so you can be notified of my future ideas. Do you agree or disagree with me? Do you have any feedback? Let me know in the comments. Disclaimer No Investment Advice Provided Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Post/Idea or in connection with it are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. This Post/Idea should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information. I do not recommend the use of technical analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
CRYPTOCAP:TOTAL2Long
by kkarmayogi
GDLC - basically the market cap for crypto - GDLC - basically the market cap for crypto - It looked to be headed up but was then kicked back with the march crash. I think it it headed back there again - 7$ soon - but it has been hanging at $6. This is the last part of the market to move, first bitcoin moves pushing market cap then alt move up which moves market cap but over all the market cap of this sector will grow over time. People will jump on bitcoin or Ethereum depending on the day but either way they are contributing to the overall market cap so why not just play it safe and invest in this.
OTC:GDLCLong
by altcoinnerd
2
Ethereum is About To Change Direction! [Explanation Included]In this idea I will go into depth how to read the recent price action on Ethereum and how you can leverage psychological areas of support and resistance to your advantage. Continue reading to learn more about this! This idea is a continuation on the idea of the previous ETH/USD idea where we were going in for a short position: Since the price dropped really really quickly after posting the idea, I decided to make sure everyone is ready on what to do next. After the price will continue to drop and indeed get closer to the $200 psychological support, make sure to expect a reversal. You could trade this with a nice long position, as described in the chart. The logical place to exit the trade is close (but slightly below) to the level of $215. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:ETHUSDLong
by Trading-Guru
8
several technical reasons for growth 📈I forgot to mention altcoins in my Bitcoin forecast. 1.First og all, it’s worth to note that the monthly Bitcoin chart indicates a rapid growth, which means that in general the market segment will grow 2. altcoin dominance chart looks bullish too and technically we have: 1. confident rebound from a strong support zone ✔ 2. H&S pattern ✔ 3. possible pennant pattern ✔ 4. expanding formation ✔ 5. crossing MACD. so everything looks pretty bullish for low cap altcoins. 🚀 thanks for reading it, drop a like or comments and check my monthly forecast for bitcoin
CRYPTOCAP:OTHERS.DLong
by Friendtrand
1
Altcoins - Market Cap AnalysisBy taking a step back, we can see that Altcoins have been struggling since early 2018, which is at the time of the global sell-off in cryptocurrencies after the 20k $ bitcoin rally. Now, 2 years later, Alts market cap is getting close to a double support : a first one ascending since 2015 who have not been broken since then. The second one is horizontal, who was first a resistance back in July 2017 and became a support in December 2018 and again now in march 2020. We can also see a descending triangle shaped by a 2 years resistance, which is a bearish sign. Now I see two scenarios: - A breakout below the two supports would mean the Bitcoin maximalists were right and altcoins could not find enough use cases to exist at the side of Bitcoin - A breakout above the resistance, and a new altcoins cycle. What do you think?
CRYPTOCAP:TOTAL2
by cyatophilum
⚡ Don't panic! Long-term support is not broken• Now many analysts say that the long-term support line on BTC is broken. • Yes, it is on BTC, but I recommend watching support/resistance on the marketcap chart. Here we see that the price has returned to the mean — the last stage of the bubble deflation. • I expect that we still have time until the end of the summer or the beginning of autumn in order to have time to buy at a good price . When the price breaks the upper border of the channel, we will see a sharper increase, and we will not return to 6k. Good luck guys!
CRYPTOCAP:TOTALLong
by pepper_nax
1
Which of These Top Market Cap Coins Should You Trade? [In-Depth]During extreme market volatility and outside influence, doing Technical Analysis (TA) can be extremely difficult. The markets move very aligned and if you'd be trading, you'd never be trading a single coin. You are trading the market. We can look at it from a strength rank point of view, where we put all major market caps in a row, and compare how to put up against eachother over time. In this case ETH took the largest losses and BTC is currently on top, confirming it's status of the gold of cryptocurrency. During downtrends it's advisable to hold the strong coins, in this case think BTC, BCH, or XRP. But during uptrends the biggest gains could be made by weaker coins, as they have more opportunity to recover percentage wise. During those times ETH, ADA, and EOS are great candidates for trading. Follow me for consistent high quality updates, with clear explanations and charts. And please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only! About the links below: 20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more. Recent success stories:
Education
by Trading-Guru
3