ETH/USD LONG now been tested by 11major banks in the worldEtherum has now been tested by 11major banks in the world
Ether’s price action seems to have a built a broadening bottom and is awaiting a probable upside breakout. This would be a perfect continuation of the trade we posted earlier.
The current leg to the downside is called a “partial decline” and occurs before the breakout as can be seen from the Banc One Corp chart from 1995. Another perfect similarity is the declining volume inside the pattern. Ideally, if and when an upside breakout occurs, we should see a lot of volume accompanying the move.
Marketcap
Crypto MarketCap Analysis..!!- Total MarketCap
Holding the Key Support in 3d Chart & Just Like Bitcoin, It's Also Forming Descending Channel.
If Bitcoin Price Jump from 7k Support then Total MarketCap will Automatically Grow & Follow the BTCUSD.
- ALTS_MarketCap
On the Other Hand, ALTS MarketCap is Forming Bullish Wedge Pattern in Bigger Time frames & I Think Q1 2020 Will be Bullish Year For ALTS too.
ALTS Need Some Strong Volume For Wedge Breakout & Growth.
- Bitcoin Dominance
On The Other Hand, Bitcoin Dominance is Also Increasing after Wedge Breakout & Now Holding the Key Support, (70%)
If Support Broken Then We Could See Some Growth in ALTS in Coming Days,
Some Bitcoin Updates..!!
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The jumping marketcap, periods of capitalization Playing LEGO
What I always ask myself, why effects the movement of bitcoin always on all the other coins? It seems like, somebody is playing around in this market big times.
Somebody is playing LEGO, adding a bunch of money, and taking it away.
Marking it for every participant exciting, but also unpredictable.
Jumps block wise are happening. What is interesting is always the movement of the whole marketcap.
Beside the individual value of each asset, it seems to be a certain amount of capital in the market. An unbelievable number with tones of zeros.
The current Market Cap the market is dancing around are $200,000,000,000 since the all time high and its fall.
There are certain periods, where the market goes below, or climbs above, but always levels back to 200.
Periods
It seems like, that there are big movements happening around 20 to 26 bars periods.
The recent periods showed a mirrored pattern. Starting from 200, where it stayed around 20 bars, felt to a low pretty extremely, made its way back to 200 and just jumped to the years high! Ending up leveling back to 200.
Looks like a game, adding 20, removing 20, removing 30, adding 30 back to 200.
Bitcoin halving
Interesting situation now: We have 26 block (182d) the next event in the cryptospace, the bitcoin halving. Estimated date is by end of May.
How will the next period look like?
This is a question, that every crypto enthusiast drives nuts.
According to some thoughts, there will be a next big high before the halving. Some see another bear market.
If the marketcap is following a certain pattern, I think it will move sideways for the next weeks, leveling the 200 with a funnel heading towards the halving.
A real price action can be expected after the halving, even new ATHs.
Even this recent fall follows the old marketing sayings: Even bad promotion is good promotion.
So stay volatile, guys. Some really nice events are coming up. But maybe not tomorrow.
What are your thoughts about my ideas?
If you like, what you read, give me a like and follow my account.
Stay tuned;)
Weekly Total Market Cap (Oct 27) Cash out period really!#TOTAL $TOTAL #MARKETCAP #CAP #TOTALCAP
It is still a coincidence that the Total Market Capitalization will reach the 150B$ zone on Jan-01 2020.
But then, maybe we will see a big possibility that the market will bounce back above 300B$ in May 2020. At this time, BTC DOM is going down, which means that capitalization will flow into Altcoins.
But what we should do is to wait for the next delist to see money will flow into which Altcoins.
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CRYPTOCAP Will History Repeat Itself ?Two similar Charts. The first is the Crypto Market Cap, and the second one is Nadaq 100 Index.
The question is whether history will repeat itself.
Technically, there is a chance for a similar pattern.
Disclaimer:
We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature,
and are therefore are unqualified to give investment recommendations.
Always do your own research and consult with a licensed investment professional before investing.
This communication is never to be used as the basis of making investment decisions, and it is for entertainment purposes only.
Cyrpto market cap downtrend resumed, clearly bear dominatesThe market cap of the whole crypto-asset topped out at the end of June 2019, reaching 370 billion dollars. However, in the coming month, market cap contracts significantly, steadily declining to 215 billion dollars for the moment.
More interesting is that even the sharp rise at the end of October, when Bitcoin breaks out above benchmark 10,000 $, doesn't change the downtrend in market cap since the market cap doesn't make a high transcending the high of September.
100, 200 Moving average, which depicts the overall market trend, is in a clear downtrend. Look like 200 billion dollar market cap is an important threshold. We are still in a bear market, before any major steep drop, assuming the current trend will continue is the most tenable action for traders who are still active in the market.
Crypto Total Market Cap. P-Modeling Pt 3. The Flying V of CajunOnce upon time.. in a far away galaxy...
Stood hope, denial, death and despair. They were well known you see..
They... were.. special.. you see.. It all started long ago.. A master deceiver schemed and plotted. They formulated a plan.. A grand scheme.
They can control. They can trick. They can make you feel.
A psy0p of ginormous proportions.
Hope is a funny word, ya know? It gives you this blissful idea that runs rampant in ones mind. The feeling of an anxious growth that lingers for progression. You are excited for this progression but still unsure. What if you ask yourself.. But you immediately reject this notion of negativity and remain positive. Hope.
Denial is interesting. It is the limbo between the consequence of ones actions. Still, yet in disbelief. This limbo is no ones fault, but your own. Accept it. You still failed. Accept it and move forward. Denial.
Now Despair... is well.. not so funny. Its a dreadful feeling. Clearly, something of the sort is a big slap in the face of confidence. That dreary dark cloud that hands over you.... You ask yourself how... How could you not see it.. Deep sadness. Despair.
The denial of the existing reality is an illusion of despair. In your daze, you have been sacrificed. Doupted. Rekt. Fucked. Bent Over NO lube.
Just accept it. Or not. Maybe your fate wouldn't hang in the balance if you REALLY believed.. Do you really know? Does anyone REALLY know?
I guess that is for fate to decide.
Do you risk the fatal flaws of your own mind?
Can you robot for me? Can you be emotionless...
Can you? Will you?
For the sake of your life?
Believe?
Oh my.. Why do you even listen to me?
You don't, I get it.. or do you?
You are wasting your time here. Clearly, not possible.
But what if it was. Surely... I mean.. I could try?
Right? Trial? Error?
So much Error.. So much room growth.
Ok.. But.. What if it was possible that one could develope tools to predict the future?
Seems easy enough? Pshhh We got this... right?
Shall we try? Ok.. Let us try then..
Trial 3.
Start here to see Trial #1... Trial 1 was a failure.. Trial 2 caught me by surprise.. I also failed Trial 2. This idea makes #3 :). Let's try this again.
To see how we got here.. Please see..
Trial 1.
Trial 2.
Thanks for Pondering the Unknown with Me,
Glitch420
Crypto Dying? Potential break below major trendlinePart 1
Logarythmic chart of marketcap compared with standard chart of BTCUSD
To date, log chart of marketcap has remained above a trendline that was created in 2015. Weekly candles wicked below during the week of Oct 21, 2019; but closed above (first instance of pushing below this since start of trend). Current weekly candle opened below trendline. Every previous instance of testing this trendline has resulted in a major trend change (if following a massive downtrend), or at least an uptick in price (if not first touch after large downtrend). Outcome and significance of opening below trend is TBD once current weekly candle closes.
Last correction before take-offWe have two pattern that confirms that bearish breakout is just round the corner.
I think we will see a correction down to around 60-55% market dominance.
In 1-3 month we could see a bullish cross between MA200 and MA100.
+ Volume is significant higher then before (new money flows in to crypto space)
+ Time left to halving 175 days (25 weeks)
+ MA200 is flattening, moving towards bullish cross
In my opinion, we are still in accumulation phase and the start of the next phase (advancing) will start for real after halving.
With this significant higher volumes in accumulation phase, demand for BTC will be like never before after halving.
I believe the dominance can reach up to 85%-90%, and people holding Bitcoin will not be so interested of selling it in near future after halving.
The advancing phase I believe will attract further new money into crypto space and fuel the price to new all time highs.
Short term, 1-3 months: Bearish
Long term, 2-12 months: Bullish
BTC Dominance (Prj.Y19.P2.E3).BTC is getting ready Observations:
> On the 4 HRLY chart, we can see another Bullish Div. coming into play, much like BTC\USD also forming a bullish div. (link below)
> As you can see on this chart, the history of recent reversal due to bullish divergences.
My Thoughts:
This is good to see as it lines up with BTC price chart, with a downward bullish wedge in the making.
With the BTC shorts remaining low, implies either people are holding onto their BTC (not selling) and going long or they are not trading and staying away, waiting for the right level.
From the many posts, it seems people are looking for lower prices which can inadvertently push the price up, making it bullish. It happens often.
My previous post also captures this as per link below.
> Also note BTC shorts (are remaining low) compared to the rest of the year.
Please give us a thumbs up for a like or agreement
Cheers,
S.Sari \ CryptoProspa
BTC Shorts, Daily chart. Shorts still remaining low
BTC Longs, Daily chart.
BTC 4 HRLY chart, today's post
TOTAL MARKET CAP WITHOUT BITCOIN! This is the general altcoin sentiment! If you plan on trading alts make sure you know how the rest of them are stacking up against bitcoin!
We may have a new possible uptrend temporarily!
Remember! -> Patterns work until they don't! So combine your edge with support+resistance levels!
Trade with low leverage and patience! 5-10x leverage max can make the market your ATM!
Comment: Red/Green boxes are areas in which changes of market behavior happen!
Green= A good buy area! (Odds are in your favor doesn't mean guaranteed win)
Red = A good short area! (Odds are in your favor doesn't guarantee a win)
LINES= AREAS OF SUPPORT/RESISTANCE
TOTAL2 Market Cap Exclude BTC | Bullish Chart & IndicatorsCrypto Total Market Cap Exclude BTC (TOTAL2)
This chart is now bullish with bullish indicators... Let's take a closer look.
In late October TOTAL2 had a strong breakout that put its value above EMA10 and EMA50... Right now the resistance that is being challenged is EMA100 at 73.515B.
The light blue space is where the consolidation/sideways action can take place.
The continuation is bullish, a bullish flag or also ascending triangle can be drawn on this chart as bullish chart patterns.
The indicators are also bullish. The MACD is above 0 and the RSI strong above 50.
We also have higher lows and higher highs being printed on the chart... So we are expecting a follow up from the bulls based on these signals.
SUPPORT & RESISTANCE LEVELS
The immediate support is EMA10 at 71.145B, followed by strong support at EMA50 (69.831B).
As a resistance, we have EMA100 as mentioned above at 73.512B followed by the Fib. resistance at 74.299B.
All the additional details are marked on the chart.
Feel free to leave a comment if you have any questions.
A LIKE for more charts, free content, trades, and analyzes.
Thanks a lot for reading.
Namaste.
Altcoin Market Cap Bullish breaking above Cloud and Golden CrossThe short term Altcoin Market Cap is looking very bullish here in my opinion.
The last time we broke above the Ichimoku cloud we saw almost 3x gains and now we have broke above the cloud again with 70B acting as support here.
We can also see the 50 day MA crossing above the 100 day MA which signals a bullish trend a golden cross with the 50day now approaching the 200 day MA also.
The Fibonacci retracement also shows a first target at the 0.382 level of 90B, followed by the 0.5 fib level of 100B. Should we break through these levels then we are looking at the 0.618 level of 110B which if we can pass would soar to above 140B at least.
In my opinion this is a short term view which could play out over the next 3 months or so.
Alts market cap - Breakout imminentHello, we are forming a cup handle and currently on bottom of the cup with already breaking minor resistance lines and some other alts have alraedy formed and filled their respective handles. Total alt market cap will only follow. Hopefully this will look like rocketing in all alts general and then finish by blast when we possibly BREAKOUT from the cup & handle.
BTC Dominance (Prj.Y12.P2.E2.version2).More CorrectionAfter reviewing BTC performance and predicted path, I see BTC dominance dropping further.
Reasons:
a) The pullback is evident. Some say to 8500 ultimately, some say 8800 to previous resistance and 200 EMA
b) I foresee some accumulation\ranging of BTC between 8500-8800 to 10400 creating some sort of MACRO breakout or bullish pattern
c) I see this going on for at least another month to mid Dec. eventually hitting 12K early next year
d) During the ranging period, I see the ALTs rise as many of them like LTC have hidden bullish divergences (on the weekly).
e) Anticipated RSI movement, more downs.
I'm guessing this will go down to the 0.618 retracement but it could be more, as per the chart, eg. 200 EMA.
Cheers,
S.Sari/CryptoProspa
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