ETHBTC LongHit bottom of trading range; not perfect but definitely a kind of head and shoulders pattern formed; RSI/OBV already broken out of resistance and now resistance should turn to support; total crypto market cap has been steadily increasing and we have seen a local peak in BTC dominance, the combination of the two is typically a buy indicator for alt coins.
Don't trade ALTBTC pairs without watching BTC movements and BTC dominance (can be seen on coinmarketcap)
.072 must be broken then targets are .075; .077; .08
Marketcap
capcrypto market cap & this wave are clearly in wedge.if this wedge is legit we can see start of bull run is all crypto market.
vol is dropping and it is a proof of the wedge.this last wave is very extended and must be terminate very soon.
in the last wave of wedge there is two wedge & bull div is clearly can be see on all indicator.
Nonfundamental AnalysisDon't believe there to be enough volume in the market at this current moment to force bullrun. Downtrend was broken with sidestep to show true resistance @5800 - @6400. This is snapback to continue downtrend. will look to buy-in below @4900 - @5300 resistance. Unless 1M in volume enters market to force bullrun. NOT Financial advice.
lower HIGHs sell when 13wk crosses 34wk.
DonateBTC: 1KhkTQMsagLoMwA7ZuvN5pqiTTZUbykin8
Why panic sell? You didn't sell your house in the 2008 crash.As always I like to look at things in no smaller than six month time frames. The longer the better in general. I even remember 20 something odd years ago when an investment instructor told me that "if you're investing you shouldn't be looking at a time frame of less than 5 years." Let's apply this to our general way of thinking. When the housing market bubble burst people didn't run out and sell their homes. They either stopped paying because they lost their job or they held on and their diligence paid off when the market recovered.
Now let me introduce to you a simple story. A macro type of story, but it applies to almost anything. When we go to buy a product, whether it's produce from the supermarket or a car off the lot, we look for the best deal possible. Why people in general don't adopt this policy in investing we may never know. The story goes like this... A lady sees a dress for sale. The sticker price is usually $500 but today it's 50% off. No one in their right mind would say that it decreased in value so I'll wait till it goes back up. So she buys the dress when it's on sale and tells her husband how much money they made. I mean saved. Now, this should not be equated to short-selling. That's a different animal all together.
Now a third point. The GDP of Japan is almost 5 trillion dollars. That's not an insignificant number. Japan has recognized BTC as an official currency and form of payment and there are about 30 countries total where bitcoin is completely unrestricted and just waiting for greater adoption. People seem very wrapped around the idea of institutional money coming into the market recently and while there is nothing wrong with this I don't think it's going to be as big as people think. I also believe institutional money is already there in larger quantities than most people care to consider because:
1. Nothing stopped institutions from buying coins and holding them in reserve years ago.
2. There was no reason for them to inform the public of this if they wanted better positions.
3. This has happened before with Apple, Tesla, Google, and other investments where the public was completely unaware of the moves.
But let's get back to Japan. Five trillion USD, not Yen. Let's take 1 percent of that. That leaves us with 50,000,000,000. That's fifty billion that could be put into circulation in BTC and "IS" gradually happening. Now let's look at Korea's GDP. 1.4 trillion. Again 1% comes to 14,000,000,000. That's 14 billion. You can see how things add up really quickly. Now, let's take a look at the U.S. - 18.5 trillion, Germany - 3.5 trillion, and Canada 1.5 trillion. Add these five countries together and we get 29.9 trillion or 29.9x10^12. 1% of this is 2.99x10^11. What does that look like with zeros? $299,000,000,000.
Okay, so I admit I hit that number by luck because it is just about the number that coinmarketcap.com claims is the total market cap for all crypto-currencies. But I also hope that puts things in perspective. Because the price fluctuates by orders of magnitude, we can actually assume that there isn't this much money in the market yet. If there was we would probably be looking at double the current market cap. In 2016 the global GDP was around 75.4 trillion. You know the story now. If one percent of that was circulated in crypto-currencies, not even bitcoin alone, where would that put us?
So the actual end story should sound something like this... Bitcoin was created and the value went up, the amount of fiat in circulation went down, the rate of adoption went up, the fiat exponentially went down in use, BTC's value went exponentially up, and early adopters still got rich even when they bought and HODL'd at $19k in 2017.
Now this is very simplified and there will be massive dips because people will get too excited, but these are very real numbers. Hope this helps.
Cryptocurrency: Marketcap vs ValueToday I would like to discuss marketcap and how it's played a huge role in pumping cryptocurrencies and accelerating their value assessment. Value is usually assigned as a function of supply and demand and is hopefully tempered by the utility and function of the item being assessed. With the advent of crypto like bitcoin and lesser known alts like verge websites like coinmarketcap.com have begun to emerge. These sites rank crypto by marketcap which in and of itself says nothing about that coin besides the fact that someone purchased it for a particular price and now we've taken that price and extrapolated it to all existing coins. However, I feel it has the psychological effect of convincing people of the value of a coin and a rank as to which coins are better than others purely based on marketcap and nothing more. Let's look at why this isn't necessarily a good thing and what other factors can be looked at to determine a cryptocurrencie's true value.
Say I want to sell a share of a company. I sell 10% of my company for $1000. Is my company now really worth $10,000? Most people would pause and think and consider what my company does, who contributes to it's operation, the business plan, and many other factors before jumping to a conclusion. The same should be done in crypto. An easy way to asses this right out of the gate is to look at daily trading volume, transaction volume within the coin itself, developer activity of the main software on github or the coin's own website, and social network activity and general enthusiasm about the usefulness of the coin. Reading the project's whitepaper can also shed light on the aims of the creators and give you an idea whether the project is too ambitious or right on track and whether the founders have realistic goals or the ability to reign in goals that are too lofty. Another way is to look at sites that aggregate these rankings in a quantifiable way. Coingecko.com does a descent job of this for a quick overview, but it is important not to rely on one source. There are numerous articles on what happened to the price of bitcoin when the creator of coinmarketcap.com decided, on a whim, to remove South Korean exchanges from his marketcap calculations. The marketcap of many coins, including bitcoin, on that site dropped and it caused a huge sell off which was a great discount to those paying attention to multiple sites or those doing arbitrage trading.
So with all of this going on and unreliable information everywhere how do we make a value judgement? What is the real value of bitcoin? No one seems to be able to answer this simple question with a number. This probably stems from the fact that it's not completely quantifiable. When I think of the value of bitcoin I don't think of a number. I think of the uses it will have in the future and I look at what markets it could possibly replace and the likelihood of it replacing those things in the near future. Many people in the world want to change things for the better and I think bitcoin has that potential. The ability to settle payments across borders and use the internet as a means of freedom from oppressive governments and freedom of trade is a huge utility in bitcoin's favor. The fact that it is well known and still operates today after surviving on the internet for over 8 years goes a long way to secure it's value. Bitcoin and cryptocurrency make traditional forms of currency obsolete and I do not think it is overzealous to expect them to replace traditional money eventually. Will bitcoin take that place or will some other crypto pop up and replace bitcoin. It's hard to say. As of right now brand recognition, the ability to upgrade itself, it's strong developer following, and second layer solutions like the lightning network have bitcoin way out in the lead. What is the value of a world currency to you? What is the value of being able to transact with anyone anywhere in the world even if your countries government collapses?
[BTC-USD] TOTAL MARKET CAP EXPLOSION! HURRICANE INCOMING!Oh gosh! I am just shocked at how the FOMO in BTC and other crypto's like Bitcoin Cash is setting in and responding. What I love is the HUGE INCOMING TOTAL VOLUME that is happening in total right now. Not just in BTC. Its freakin KRAZY! yes with a dam K! Lol.. Well, to sum it all up, we have had 86.4 BILLION arrive in just 9 days! YES 9 DAYS ONLY! Are we finally gonna hit the trillion dollar mark before winter starts in November of 2018?? Well, if it keeps going on like this it will!
There are two ways we can look at what is happening right now! Are you bullish and want to get into the FOMO, or are you leery like me with tons of suspicion this bitcoin market will tank even faster than what you have seen in the last 15 days! Listen! lets be for real here! Its been 12 whole days without a healthy correction now, and many of us are still waiting for it! When is that gonna happen? When are the bulls finally going to get exhausted from this marathon they keep running?
Ans: I HAVE NO FREAKIN CLUE OR IDEA! lol
Moreover, I've been killing it with Bitcoin Cash! like I said in my video, why are some of you even bothering with BTC at this exact moment, when you could've been getting wealthier with Bitcoin Cash specifically these last 7 days from the post of this video. Always pay attention to what is happening to other coins and not just BTC. Be adaptive and versatile like they taught me in the Marines. Become part of your environment and dominate you landscape. Go with the trend, despite your emotions and beliefs. Let the charts tell you what to do! Don't follow your gut as the old saying goes, follow your own TA! But most important than technical analysis is to interpret the market SENTIMENT AND VOLUME! THE TREND!~
If you enjoyed this video, then stay tuned for my other awesome videos. I have a strong 83% win ratio while day trading! I'm in and out before the market turns on me! If you wanna to learn what I do, then follow me and hit the like button and show your support. If I get 20 likes I will update this video, otherwise I will continue to make more money without your support. (Lol)
PS: This is not financial advise, this is for educational purposes. You must have your own risk management plan and do your own TA, don't follow the sheep! Most of them are wrong anyway!
Thanks,
CryptoBuzzAnalyst
BCH Pushing too Hard - its Hammer Time and Volatility CityZooming in on a 5m chart shows that we are still pushing that red line, however we've got enough volatility to keep this run going. We did see that BART formation, but it was quickly resolved as the bulls continue to flip BTC into BCH.
Looking on various off-site charts, we can actually see that BTC is losing its dominance of the crypto market while BCH is staying constant if not growing, and the alt coin "other" category is increasing quite quickly. The ratio of BTC->BCH is still higher than BCH->BTC. The overall market capital of both has increased significantly though, giving the BTC->BCH valuation an extra boost.
Lots and lots of hammers showing that the bulls are trying and succeeding to push the price up. Every close below the last is either a dragonfly doji or a hammer. Good news for those looking to get in still, there is no signs of a stall beyond the slight volatility - i.e. those leaving the market are being replaced just as quickly by new bulls. Volume looks more green than red, and there are constant sizes showing that we've not got an over-push.
RVI looks good, and the V.I.(+) seems to be bouncing every time we see the V.I(-) start to creep up.
I am not suggesting anything, I am just stating what I see. This is not trade advice and I can not tell you what to buy, this is just a hobby for me. I am not an adviser, so do not take what I say as advice, just observations and opinions.
Follow this Chart! Put your mind at ease.....Everyone has been patiently waiting for what was to always come. Here I will explain the inevitable position of BTC. Where is the bounce is the biggest question clearly there are a lot of people waiting for an entry on a short position, you need to know this.
Currently the market cap is down to $290 Billion dollars, just 1 week ago when I posted we were at $350 billion dollars. We are down form $850 billion dollars, we expect this money to come back to the market and when this happens we will see a retirement bull run as we are all prepared.
Bitcoin had a market dominance of 42% just a week ago now its up to 45% so billions this doesn't mean people are buying BTC and it's getting stronger it just displays the money that it falling out of the market is also on other alt coins such as ETH, LTC etc which you all have trending own and money are falling out of them coins faster then the BTC making Bitcoin more dominant in the market. So all this shows is bitcoin is a choose of hold over other Alts.... you already knew that didn't you.
A lot of people see the above as a sign of strength for the Bitcoin and it is in the sense of holding merit in the fact its the most dominant coin but as for it showing the BTC turning we aren't seeing any more daily volume we are still seeing less, its still being sold faster then its bought. Swing traders are aiding our fall and slowing the process of reaching areas we need to bounce.
We want the BTC down into a buyers market because at this point we will see money pour into Crypto market overall, the week we see the market cap lifting is the day we can expect to go into consolidation and be ready to go back into a bullzone..
Some people were posting crypto is ending its all over, what a joke that is......... still to this day crypto is a 290 Billion dollar market, all we are seeing is a correction.
If you jump to a daily chart on BTC with a 200SMA (200 day) you will see the underlying trend of BTC is still upward and its never changed, on the weekly chart we have never entered an oversold region.
Below is the weekly chart BTC has been rallying since September 2015, we haven't crossed below 45 on the RSI since then, I think this can be used as a good indicator on the market for our bounce the RSI is running at 46 now and you will see its become level when we touch around 45 we will see a bounce it won't make it into a bearish zone.
We have a bounce coming up and I believe it will be on 1 of the blue targets, however you wouldn't enter on these until we see a bounce, watch the 24 hour volume of BTC to confirm volume is there to support the bounce. Don't base it off the 1H candles or something like you might, as for all you know Donald Trump is just having a play on BTC you need real confirmation to enter the market. Unless your swing trading then these small bounces can be great.
Your long holds expect them to be king down 10% per week there are only a few coins that aren't, the market is dropping 10% per week so quite common for coins to do this.
I want you to see in related articles a couple of charts I have done recently that will support the above with timelines.
I think within the next 7 days we will now see the bounce we have all been waiting for as on the weekly the BTC is getting tired and the $600 billion dollars that has been pulled out of crypto will be itching to get that money to work again.
Target 1 keep in mind is the .786 fib so this may be the level but lets see.
I will add further targets on this chart if its required I will be watching at the moment first target is the blue line this may take time as we do have small buys coming in at the 7500 region expect to bounce a while.
Cash Is King! Lets make plenty of it.
BTC Bearish Through FebruaryThere was a lot of amateur buys leading up to 2018. The current down trend is shedding these less educated investors. It will take a great deal of movement to get BTC back near its highs. It's possible recovery is a long way off and more possible an alt coin will emerge as the new market cap leader.
The future of cryptocurrencyHello everybody,
It is a rough week for everyone involved in the crypto world, but I can see light at the end of the tunnel. Here is my prediction for what will happen with the cryptocurrency market (I'm using the BTCUSD chart since I think BTC is still the backbone of the entire crypto market, if BTC falls down, so will the rest...):
Before BTC brokeout (december 2017) it was having a bullish run inside of a channel. The price went up with +100% with an ATH of 20k'ish, in just one month. BTC (and the whole market) was ready or a correction now. We only needed some bad news; which we got! Several countries wanting to ban crypto trading, exchanges being hacked, Warren Buffet spreading some FUD etc... So where are we now: BTC dove under 10000usd and total market cap is 425billion.
Technical analysis:
BTC just entered its old channel and it's headed to a very strong support area. This support area is between 8300usd and 8900usd. After this BTC will start to grow again in its old channel.
(I see a bright future for BTC and altcoins. The best indicator for the future is the past; that would mean that in about 4 months, BTC will breakout again. So be patient...)
My advice:
- Are you holding? Don't sell.
- Buy-in at support area
- Be patient
Questions?/What do you think?
Mark
Crypto Market Cap bottoms just under $420 BillionTotal crypto market cap found support Jan 17th just under $420 Billion.
Approximately the same amount the market found support the last "crash" on December 22nd.
The red circles mark these events.
A larger trend I'm paying attention to is the dwindling Bitcoin dominance of the cryptocurrency market.
I believe the whole market is still in a bull trend while Bitcoin is in a bear trend.
Better awareness of alt-coins and their faster, cheaper technology may topple the king.
Hurdles are first-mover advantage and name recognition, and most large exchanges' base currency being BTC.
Bytecoin Long TradeThis a long trade idea for Bytecoin, I like the fundamentals, this coin has a big market cap but it's still young, still cheap, the circulating supply is massive, 183.25 billion coins, and that is a concern, as is low volume, but I think this coin is going to bounce pretty hard, it already bounced off the 39 sat mark and hit mid fifties, that's a nice gain by itself but I like to look bigger and longer and go for exponential profits. This could be a quick money trade, a few days, a few weeks, or a deep value long-term play, I like both avenues all the same, I'm really indifferent to the timeframe, as long as I'm making money. Keep Hunting Everyone.
P.S. I got banned from Private Messages for a while so apologies to anyone that messaged me, lol.
Let's Get CoinMarketCap Data On Tradingview!getsatisfaction.com
Alright guys, I got permission from the founders email to post this as an idea, so don't try to ban me!! haha. But you all PLEASE go vote for this on the link! I would love for Tradingview to get the Coinmarketcap data of market cap so we as analyst can track the cash flows going in and out of the market! I think this would be the closest thing we could get to indices like the DOWJ, Nikkei, etc. as far as just tracking the growth of the market as a whole.
I think we could analyze it to the depth where we can try to predict when the market may take hits, or when the market is expected to grow. Some investors may even use it as a benchmark for their portfolio growth. I would love to add this on here and there would be many more positives to this than negatives (if there are any) in my opinion. PLEASE Like, share, spread the message and DONT forget to vote! I can't tell you all how important I think this is.
VOTE VOTE VOTE. EBALL FOR PRESIDENT.
Sidenote: Isn't that a beautiful background? :D
NEOBTC Breakout TradeScore = 10/12
1) Structure- Price at previous high support, fib support. /
2) Trend- Uptrend. /
3) Strength & Weakness- No sign of strength on bears. /
4) Future Trend Setup- Breakout up to 0.01. /
5) Indicators-
i) RSI- 62 Uptrend. /
ii) 20EMA- Uptrend, price above. /
iii) MACD Lines- Uptrend, >0. /
iv) Histogram- Sideway, >0. X
6) VSA-
Volume ) Less volume interest in buying. X
Spread) Indecisive on selling. /
Price) Closed indecisive to bullish. /
News) NEO is planning to host “China’s first DevCon” through March 2018 in conjunction with Microsoft. /
# Top 14 market cap from coincheckup
# Buy Low Sell High
# Breakout trade
# Trail stop to breakeven - Not to lose money
Condition:
1. If price gaps up over my entry, I will adjust S1 to the open price for at least a breakeven. Reenter for a BOP trade.
2. If my entry is triggered with weakness or potential trapped, I will adjust S1 to the open price for at least a breakeven. Reenter for a BOP trade.
3. If no sign of strength and weakness on both sides, my order will remain.
4. If further weak selling is coming, I will find a better LWP for entry.
5. If strong selling follows, orders will be cancelled and reassessment is needed.
Iota Rising - HODL - Buy and HoldFacts:
Global M1 money supply is 25 Trillion USD.
M1 money supply is defined as Cash and equivalents, i.e. currency which is free and instant to transact.
Iota is the only crypto currency which is free and instant to transact.
Iota is therefore the only crypto currency eligible to be categorised as M1 money supply and is eligible to compete for a piece of this 25 Trillion USD market.
Iota has the advantage over other M1 aggregates in that it is globally portable in an instant, where as physical cash must be transported.
It has another advantage of not being subject to central bank intervention or counterfeiting.
Market cap of Iota is at approx. 4 Bln Dollars as of writing up this idea on 29 November 2017.
Number of Iota coins is fixed, coin supply is permanently stable and pricing is purely demand based.
Assumptions:
Iota captures 5% of the market for M1 monetary aggregates in the next 5 years.
Calculations:
5% of 25 Trillion USD = 1.25 Trillion USD
1.25 trillion / 4 billion = 312
Conclusions:
Iota market cap could well reach 1.25 Trillion USD.
Thats 312 time todays 0.00% market cap of 4 Billion USD.
An investment today has the potential to grow 312 times its size
Discussion:
In my opinion, the 5% of M1 is conservative, given the advantages that virtual currencies have over fiats. This is a realistic possibility.
Buy and Hold!
Stellar Long TradeLong trade for Stellar, RSI is distinctly oversold, and the awesome oscillator is awfully quiet. Market cap is over a quarter billion, which is quite substantial, as is the circulating supply of 16.5 billion. Look to the 38.2% Fibonacci level for a general profit target in the near-to-intermediate future. Keep Hunting Everyone.
Just stop staring at charts and do some researchSame goes for me.
This entire sector looks good technically speaking. Find your coin(s).
Market cap just reached 150billion new ATH and climbing. My guess is we are approaching a bear market or we are in wave 3 on a larger scale.
Interesting to note. When you look at the market cap back in 2014 before it took a dump. It hit 15Billion before it entered a 2 year bear market, before that it corrected at 10 billion.
Very similar to This year when we saw a big correction at 100 billion and now this.
2 years later and were X10 basically. Always keep track of the bigger picture.
coinmarketcap.com
Surf MarketCap waves like a Ninja with ETCI'm sorry that I did not manage to post in time... it is my first post and I accidentally posted it as private initially... But the idea of surfing on MarketCap waves is very recent and I will definitely repeat this concept so you can follow next time :-)) Happy trading!
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During our weekly Crypto-bloodbath I was shorting Altcoins and BTC and accumulating tons of USDT so now I will explain how to find best opportunities to spend it with a sweet profit.
Recent MarketCap swings
Within recent Crypto Market Cap swings I proved that some Altcoins are gaining and losing value ~3.5 times faster than BTC on average and they react to swings with a delay so we can observe BTC swings and predict what exactly will happen to some of observed Altcoins coins. I compared several graphs and I was looking for the best coin to exploit these findings in the Market.
Comparison of marketcap swings sensitivity
My winner coin is ETC since it has a very solid background, Bullish general trend and very high correlation with BTC swings with a multiplier of a swing around 3.2×.
Once we proved marketcap upswing on coinmarkercap graph ( anyone got a better idea where to observe marketcap swings btw? ) and matched BTC regression trend with ETC reg. trend around ~0.0065 we started shorting USDTxBTC to catch up. We immediately profit about 5% on this trade alone, but we don't want to be trading only BTCUSDT alone and next swing might drag us back. I prefer to short continuously in waves and immediately stop if marketcap trend is changed.
Our ETCBTC Trade!
Entering long on our selected altcoin is far more risky since the outcome of our trade is multiplied compared to BTCUSDT trade and we may not catch up to exit the doubletrade back to USDT once marketcap trend changes, if we don't have exact plan.
Entry: 0.0077343
During our entry SqueezeMoment is Bullish on both ETC and BTC at each timeframe (1min, 3min, 5min, 15min, 30min, 1hr), this is extremely strong indicator that trend is not going to change any time soon, so we can safely enter and base our plan on trend lines with minimal risk.
Target 1: 0.007914
Level of most recent resistance matched with longterm trendline. We take only about ~10% here unless something suggest to exit the trade soon. This resistance should be easily passed.
Target 3: 0.007998
Resistance of a round number (0.0080). This resistance (human factor) is much stronger so we take ~33%
Target 3: 0.008194
New height resistance, this one should be also strong, but its overall impact is hardly predictable straight away in entering a trade, we should take ~40% and reevaluate .
100% Stoploss/Exit: 0.00759551
If ETC drops below strong support line we exit unless overal marketcap is still very Bullish.
Whole trade should use a short momentum and be exited quickly just in few hours.
ETC like a Phoenix Marketcap were dropping big last Days , ETC got a good short-mid therm feature and probably we found a higher bottom today , without leverage no doubt an exellent possibility for short or mid therm gains ...
Risk reward ration is IMPRESSIVE and if urent aiming for the Stars i recommend a take profit under the 20 $ mark ;)
with leverage kinda risky , so know ur risk and dont take that as an advice - and be rdy to close the position if the marketcap will drop again ~ unpredictable times at the moment...
Good Luck :)
VRC BTC POLONIEX 4H All Time Market Cap HighsA congratulations are in order for the Vericoin Blockchain, which has now reached an all time three year High of 9.01 Million dollars. Heavier than normal volume today pushed the price up to and past the current trending channel, yet pulled back dramatically as volatility and intra-day trading opportunities become more fruitful. It seems as if the bulls and the bears on this pair are slugging it out on the charts for some intense price action.
I still do expect a consolidation period, and after todays break to the up-side I expect the consolidation to test channel lows with force. When though is the question. Things with Vericoin are surely heating up as the chains value inches above all time Market Cap Highs.
If you are more interested in Vericoin and would like to find out more, below are some resourceful links.
Homepage: www.vericoin.info
Slack: vericoinandveriuminvite.herokuapp.com
Twitter: twitter.com
GIT: github.com
Roadmap English: www.vericoin.info
Roadmap Spanish: www.vericoin.info
Roadmap Chinese: www.vericoin.info
My Twitter: twitter.com
If this has helped you in any way & you are inclined to do so, a small thank you can be sent below every little bit helps us small timers.
BTC: 1um3313w6fJhrfirj9mXz7y2GAm761Tqq
VRC: VHqBcdAjkXVbaxZ7EsXsBzy2LLNyicgzDT