Marketcap
Alt-Season coming! Sit on your belt before rocket launches!!!Hello traders and guys. Looking at the chart, Crypto Total Market is yet bullish!
Total MarketCap is tested Daily EMA50 line and bouncing up from EMA50 line and probably showing Inverse H&S as you can see in my chart.
However BTC Dominance was quite huge this year 2019 and now showing Rising wedge chart pattern.
Bitcoin is the king of crypto and the safest blockchain in the world. I believe it!
But then how about alt coins? Think what happened on Binance IEO coin BNB, ChainLink(LINK) and other major alts like ETH, BCHABC, DASH, EOS.
Alts was very bloody this year but alt season will be gone forever? Will BTC only survive in Crypto market? BTC can solve everything which have to be solved in crypto world's ecosystem?
I don't think so definitely! BLockchain still needs to be applied in many parts with proper ways. and there are better approach to solve this issue. Writing this article, I am still regret why I didn't launc ICO last year with my own idea. LOL Just a joke.
So to me, if alt season can come this year, Now is the moment to invest or setup a nice swing trading in alt coins. I think alts will grow quite much while BTC consolidating for a while.
I tried to choose some alts randomly, but seriously.
1. ETH
2. BNB
3. BCH
4. DASH
5. LINK
Good enough to give it a try with good entry!
Please leave comments!
Bitcoin Price vs. its Market Capitalization DominanceCorrelation Coefficient is a statistic measurement of correlation between two sets of data (of potentially any financial instruments) and shows the degree of relationship between them. It may help us to have a better understanding of market behavior. A few days ago, I came up with the idea of studying the correlation between Bitcoin (BTC) price in US Dollar ( BTCUSD ) and its Market Capitalization Dominance ( BTC.D ). So I made the setup chart and found something interesting. Bitcoin price sometimes has a very strong negative correlation with its Market Cap Dominance. In fact I'd better say that most of the time BTC has had negative correlation with its Market Cap Dominance. I think it is important and may lead us to have a better overview of how Bitcoin and other Crypto Currencies' (altcoins) market behave.
I searched Trading View for this subject and did not found any document related to this concept. If you know any documentation pertinent to this matter, please kindly let me know to include that in the proceeding research and analysis. I will update this study as research go on.
Appreciation for your attention,
Bitcoin is healing from the over speculation of Alts-Market recently over speculated on alts by greed and lack of understanding the nature of what a cryptocurrency is (2017)
-It damaged Bitcoin and severely lowered its market dominance
-Market seems to be readjusting the natural Bitcoin dominance
-Alts could have plenty more downside remaining, Bitcoin probably has a lot of juice remaining
-Punishment of the over greed and over speculative nature of alts, that attracted throngs of average joes
-If you think useless shitcoins having a hundred Million $ marketcap is normal, you will be trapped again
-Reverse = Alts/Btc bubble bursting
-Bear in mind that some alts are more resistant/stronger than some others, please do your own research
-Bitcoin is a strong nascent asset that punishes over bearish behaviour since 2010: wether people short it heavily, wether people over buy alts hoping to make money VS Bitcoin or even Usd, are punished.
Ciao!
Total Market Cap 7/30/2019 (Daily)I never post this chart but I took a look at it yesterday and decided to share my thoughts on crypto in general. This chart reminds me a lot of the BTC chart. Coincidence? Not really. Bitcoin is roughly 67% of the market. Therefore this chart should reflect that (and it does) Looking at the situation we have a descending triangle on this chart just like the BTC chart. I imagine if BTC sinks this chart will reflect that as well. The thing is BTC dominance is not dropping with the price therefore the money leaving BTC is not necessarily flowing into alts as some had hoped. If money were leaving BTC for alts dominance would drop and the market cap wouldnt be losing ground. But there is some good news in all of this for alt holders... With BTC going down your alts should go up in value in terms of sats. Not in USD though. Will we see "alt season"? Who knows? All I can tell you is what I see on the charts and from the looks of it the entire market cap is losing ground. Bulls better get it together.
CRYPTO MARKET CAP WITH AND WITHOUT BTCBoth seem to tell a completely different story at this time.
Without Bitcoin, we are now trending well below the EMAs which acted as support since the beginning of the year and we are now heading down.
With Bitcoin, we seem to be on support on top of the base channel, forming a structure which evokes a wave 4.
Hence the uncertainty in this market at this moment.
Bitcoin market cap dominanceAfter a bull flag sent Btc to its flag target, an head & shoulders just broke below its neckline
Alts in Usd are therefore now more susceptible to gaine value in $.
Btc could bounce on the pink Smma, which would be an Altcoin Usd sell signal, and a Bitcoin Usd strength continuation
ALTCOIN MARKET CAP - TOP ALTS READY FOR A MEGA PUMP? Altcoin Marketcap has been in a strong uptrend for quite some time now. After a much needed correction and a massive run in BTC, Top Alt bulls are all geared up for another leg up. Under such conditions, we feel alts namely BINANCE:ETHUSDT , BINANCE:LTCUSDT , BINANCE:BCHABCUSDT and BINANCE:EOSUSDT will be the first few to give BTC dominance a run for its money. The leg up is always sequential with 1st tier alts in the lead and 2nd and 3rd tier following, & we do not expect it to be any different this time. Meanwhile, a stable BTC above ~$11,500 will further strengthen the top alt run. We'll be frequently posting charts with exact trade levels.
Alt coins Market Cap (With example bitcoin) from current to HighAlt coins Market Cap (With example bitcoin)
Bitcoin have same structur (Bitcoin correction or flat) Altcoins go UP in 2016.
Maybe same scenario in 2019?
Maybe we will repeat the scenario of rapid growth of altcoins. Many have already lost faith in the Altcoins. Similarly, it was with the bitcon on the price of 3000-4000. Altcoins as you know, are about 300% behind Bitcoin. I remain optimistic about the growth of altcoins.
BTC/USD Possible scenario - Triangle pattern. LongThis is my feelings about what's happens next.
WATCH MY PREVIOUS RELATED IDEAS ABOUT BTC/ALT DOMINANCE, BTC/ALT MARKET CAP, LOW CAP TOKENS & POTENTIALLY LUCRATIVE COINS.
PS. - pay your attention to gold, it has the same picture. There is a chance of correlation between GOLD and BITCOIN.
SHARE YOUR THOUGHTS AND FEEDBACKS.
THANKS.
Crypto Market Cap Long Term ViewMonthly MACD Crossover could happen at the close of this month, along with a bullish inside bar candlestick pattern. This could be a catalyst for a parabolic bull run like none ever seen before in history.
This could be THE most critical month in crypto history for deciding if the bull market is happening in it's truest form.
We could even see a cup and handle formation on the long term if this retracement does go deeper, giving a target above the previous high.
Please don't forget to leave a like!
XRP mkt cap bullish ascending triangle (10% increase to come)This ascending triangle on the XRP mkt cap chart indicates a bullish sentiment of increasing market cap is on its way. The accumulation pattern, regardless of where it forms, is usually a signal of impending bullish movement. The projected market cap target is equal to the height of the height of the triangle, which is equivalent to a 10% movement. Upon penetration of the upper resistance, we expect the market cap to move up a whopping 10% -- adding the widest part of the triangle to the breakout position. This pattern is considered to be valid by us because both the upper resistance and lower support of progressively higher lows has been touched at least twice.
BTC Market capLooking at BTC market cap we can see that we have reached 200 Billion dollar level and it is exactly the level that we have top out on february 2018. but in price we have some way to go. it is really hard time for shorting bitcoin but i think may be we have topped out in we should see a big big correction or a new bottom below 3100 usd. be cautious.
BITCOIN [$9,500-$9,650] Keep an Eye On It!Hi,
Hopefully, it starts to become a habit but again, followers (already a huge number) and other TradingView users, it still looks and it still feels amazing to be TOP 1 analyst and TOP 1 post author on TradingView, thank You and You and You.
I have been quite quiet because the Bitcoin price has stopped between the $9,000-$9,300. Yesterday, it made breakout from the triangle and it followed my arrow which was on my last update post.
In the last idea post, I mentioned that there is an area where I search some bearish candlestick patterns on the Daily timeframe to short BTC for short-term. To be said, this is still on my mind but currently, we have collected some data (after the last post) from the current levels and I want to share with you a little bit more precise overview, where and what can happen on certain levels. The area I am about to describe is not a specific signal, I'm not sure about. Maybe it is too early to post it but I get a lot of requests and hopefully, you can find something useful from here.
The short-term rejection area
It stays between $9,500 - $9,650 (There are pictures below of this post for phone users, it should be better). It is the first area where the short-term reversal criteria matching each other in one price zone and those are:
1. The 38% Fibonacci retracement level ($9,531) from ATH (fat dotted black line). This level is a momentum level. If the downtrend or uptrend is very sharp then those levels usually should work very well. If the market drops/increase fastly then the market is like a human, if it breaths in then it has to breathe out, at least for a while, and very often this 38% level is enough for breathe out ;) Currently, we have been in this downtrend more than 1.5 years so, let's see how this level reacts if the price makes the first touch.
2. Smaller channel upper trendline should act as short-term resistance. It is pulled from points where it has a maximum wick touches.
3. Bigger channel upper trendline (thin blue line) should still act as a resistance. This channel starts from $7,000 having pretty clean and understandable touches.
4. There is also a Fibonacci Extension level 127%, which should act as a resistance.
5. The round number $9,500. Historically it has made some reversals and it has played a pretty important role on the bounces. Currently, it matching with our other short-term reversal criteria, so, pretty reasonable to count it also into the resistance list.
6. Hmmm...I don't even know how I start to call it because the Elliott guys are quickly notifying it. To be said, I don't like Elliott Wave theory at all, yes, maybe it is helpful for further growth/drop if you are already in the trade but to make precise entries with Elliott is almost impossible because it is SO subjective. No offense, this is IMHO ;)
I don't want to dig deeper and let's call it AB=CD and the D point is exactly on the blue box to stop that current wave. Look at the picture below, the purple arrows should give you a better overview of what I mean.
7. The red lines. The area which stays between the red lines is important. Previously when the BTC price was around $9,500 was April-May in 2018 and this area between the red line is a "Strong Area". Strong area - only strong candles have managed to crack it. Historically, multiple rejections and only strong and powerful candles have managed to break above of it or have managed to break below of it. Currently, this area matching exactly with our 38% Fibo retracement level which should act as a resistance, perfect match!
Here is also important to point this out that we need a clear rejection from the shorter timeframes and from the marked blue box. In the picture below you can see, if at least 1H candle can break above the blue box then the trend can continue to the upside (into the trend direction) to another resistance areas which can stop the price but currently, wait for a rejection from the light blue box!
Bullish confirmation is pretty clear, the strong candle breakthrough, the exact candle is on the picture ;)
Setup:
Do your own research and if this matching with mine then you are ready to go!
Please, take a second and support my idea post by hitting the "LIKE" button, it is my only fee from You!
Best regards,
Vaido