Cryptomarketcap
650B Market Cap - Larger Picture 1.2T next??
We Are Looking At Crypto Market Cap On A Monthly Time Frame
Very Hard To Predict What Will The Crypto Market Will Do Next. But Have You Ever Thought Of The Whole Market Taking Over And Being In The Trillions? $$$
This Is Just My Perspective.. We May Have Mini Corrections But I Am Fixated On What Crypto Can Do In The Long Run!
Gradual Increase In Crypto Market Cap Is Very Healthy Unlike What We've Seen In 2017. This Is More Sustainable Backed By Real World Use Cases. The Next Parabolic Move Will Be Epic!!
CRYPTO SOLVES A LOT OF GLOBAL PROBLEMS AND THAT IS WHY WE NEED IT!
LET ME KNOW WHAT YOU THINK! 🧐
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Trading Involves High Risk! I Share My Trading Positions And Ideas With You For FREE
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This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
CRYPTO MARKET CAP (Slowly But Surely) - 400B Imminent!Market Moving Slowly But Surely
BITCOIN Is Reclaiming It's Throne As A Market Leader, Gaining Market Dominance. Alts Are Being Poured Into Bitcoin Which Is Expected Based On Past Trends.. BUT I Expect Alts To Follow The Bitcoin Move (BTC Profit Taking Back To Alts).
When Alts Recover, I Expect MCAP Breaking 400B!
LET ME KNOW WHAT YOU THINK! 🧐
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````````````````````````````````````
⚠ DISCLAIMER:
Trading Involves High Risk! I Share My Trading Positions And Ideas With You For FREE
BUT Please Be Responsible For All Your Actions.
This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
Are ALT COINS more correlated to the USD than BITCOIN?I am not gonna run a deep analysis on this one as the chart is pretty self-explanatory. It is obvious that since the March market-wide liquidation, the Alt Coin Total Market Capitalization (black line) is more in sync with the USD (blue line) than Bitcoin is (orange line). The USD (represented by the DXY) is of course inverted on this study (1/DXY) in order to match the trend of the cryptos as it is negatively correlated.
So why do Alts follow the USD's movement more tightly than Bitcoin? Can it be that more speculative capital is inserted into the BTC market cap as a measure against inflation due to the rise of cheap money (M1 increase)? It certainly makes an interesting case. Alts seem to be more synced with Gold's trend than Bitcoin's (I didn't want to fit this on the chart, as it would have made it messier than it already is). So if alts act as Gold, does that mean that Bitcoin will rise even more as aggressive speculation on cheap money heightens?
What's your view on this?
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CRYPTO MARKETCAP TO 450B !! FRACTALS FROM SPRING 2019 PLAYING OUT
We Are Seeing The Same Pattern Bouncing Back On Support/Resistance Of An Up-Trending Channel.
TARGET: 450B MCAP
*Need To Break Above 363B (Current Resistance)
*Volume Indicates Stronger Buying, Most Likely From Institutional Investors
LET ME KNOW WHAT YOU THINK! 🧐
💡 IF YOU LIKE MY IDEA, PLEASE HELP AND SUPPORT MY CHANNEL BY
HITTING THE THUMBS UP, LEAVING A COMMENT AND FOLLOWING 💯
*You are Welcome to Request Chart Analysis at Anytime! Simply Comment Down Below or DM Me :)
````````````````````````````````````
⚠ DISCLAIMER:
Trading Involves High Risk! I Share My Trading Positions And Ideas With You For FREE
BUT Please Be Responsible For All Your Actions.
This Chart is Used for Educational Purposes Only And NOT A Recommendation to Buy or Sell the Asset.
Cryptocurrency MarketCap UpdateCryptocurrency MarketCap is looking good and bullish! Holding nicely on the previous resistance making it our new support. I expect crypto as a whole to move sideways and consolidate from here for a couple of days or even weeks before making another significant move!
We are still on the Bull market in my opinion as long as we hold on to these levels. A slight pull back was very much expected and healthy.
Stay safe out there everyone and HODL!
Bitcoin buy-zone; Is the correction over?As it's showed in the chart, The green area is the best setup to buy bitcoin in my opinion.
Also a big gap formed in Tether Dominance chart which indicates willing of the market to recover the price
The Total Market Cap correction is almost done and buyers are waiting for an appropriate entry opportunity.
Crypto Market Cap CorrectionIt seems that the whole market is forming a head and shoulders pattern. If the total market cap rejects the range of $350B - $360B which is the all-time resistance, the right shoulder will be drawn and completes the pattern. Accordingly, it has the potential to see $285B as a correction to %61.8 Fibonacci before breaking out the all-time resistance at the range of $350B - $360B.
BTC DOMINANCE Close to a bullish break-outWe see a lot of alts posting impressive gains lately. How long can this last? Based on this pattern here, Bitcoin's dominance is close to finding a support and around the start of Q3, should start rising. Maybe that will kickstart the start of the new parabolic Bull Run for the whole market.
What do you think?
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Previous studies on alt market cap:
Material Decline Bitcoin Dominance Suggests “Alt Season”Happy Wednesday. Sometimes it’s good to take a few days away from things for a minute. I hope everyone in Canada and the US had a good summer holiday season. Thankfully, Rocky Mountain National Park is close by.
The recent moves by Bitcoin and the failure to fully exhaust cause on moves in either direction (accumulative or distributive) has been confusing to watch as of late, so I decided to take a step back and get a more macro look at the market to get a sense of the bigger picture and refine my investing/trading thesis a bit.
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. Yet since May 7, 2020, Bitcoin Dominance has shed 3.49 percent from 69.82 percent as of May 7, 2020 to 65.43 percent as of July 5, 2020.
The declining Bitcoin Dominance and recent market activity would suggest “Altcoin Season” is currently in play. 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. The current trend suggests “Altcoin Season” started September 2019 and, if the prior trend is any indicator, should peak around September 2020, and Bitcoin Dominance should appreciate.
Declining Total Cryptocurrency Market Capitalization
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. Yet since April 2020, volume across the marketplace has exploded to new all-time highs.
Within just the past 38 days, total Market Capitalization for the entirety of the crypto marketplace has declined 6.8 percent from a $280.392 Billion on June 1, 2020 to $261.959 Billion as of July 5, 2020 and volume has steadily pulled back from the recent record highs, before Market Capitalization started to revert back to the downward trend line.
Since January 1, 2018, the crypto marketplace had approximately 1,588 Initial Coin Offerings (ICOs) which have either completed or are currently underway according to ICOdata.io and ICOmarks. This is effectively flooding the crypto marketplace with: material quantities of pre-mined tokens from these new ICOs, material quantities of new tokens from ongoing mining activity associated with new blockchain projects, and material quantities of new tokens from ongoing mining activity associated with existing blockchain projects (including Bitcoin).
Logically, one would expect Market Capitalization to increase if the volume spike came from fresh sources of capital entering the cryptocurrency marketplace to purchase utility tokens and digital currencies. More fiat entering the market (materially higher than is exiting), chasing the circulating supply of tokens should translate into Higher perceived value/higher prices, and by extension, higher Market Capitalization values. However, the long-term trend since September 2019 does not reflect this conclusion.
Moreover, the Average Transaction Ratio (14 Day) shows Market Capitalization volatility has declined from $66.762 Billion as of February 18, 2018 to $10.096 Billion as of July 5, 2020, and within the past 35 days, from $16.77 Billion to $10.096 Billion. It seems to suggest market volatility is trending downward at a fairly sharp rate, and average transaction value is dropping as well. The 30 Day Average Estimated Transaction Value in USD (All Time) on Blockchain.com appears to confirm this hypothesis, showing transaction value peaked in 2018 at $3.855 Billion January 7, 2018, and has been compressing as it oscillates between a network high of $1.72 Billion and a network low of $897.85 Million.
Summary/My Trade Plan
The trend with Bitcoin Dominance suggests at a macro level the Market Capitalization is flowing away from Bitcoin into Altcoins at an accelerating rate towards a peak. It appears that “Altcoin Season” peak should hit somewhere in September of the current year, so trading bias should shift towards Altcoins and away from Bitcoin and Ethereum.
The current trend with Total Market Capitalization is something of noteworthy concern. I will be watching this trend quite closely to see if a material break above the trendline occurs, which would suggest inflow of fresh capital in the marketplace, which should cause both price and Market Capitalization increase.
Declining Market Cap and declining Bitcoin Dominance seem to suggest a bearish bias should exist for Bitcoin over the near term (at a macro level) – possibly through the summer (September 2020).
Should Market Capitalization materially break above the current trendline, it would suggest a bullish bias towards both Bitcoin and Ethereum, as both are the primary gateways for capital to enter the marketplace.
Should Market Capitalization continue to decline along or beneath the established trendline, I would anticipate market cap to flee away from Altcoins and consolidate within Bitcoin and Ethereum or flee from the market.
Always remember this is not trading advice.
Outside of that, Happy Trading.
Weekly Weakness For Bitcoin Dominance
Bitcoin Dominance has failed to find support above the long-term downtrend resistance, and the current weekly candle is also below long-term upwards trendline support, which can only mean one thing.
A weekly candle close at about current levels or lower indicates a 4.5% drop on bitcoin dominance coming soon.
Do Cryptos have something to learn from Nasdaq?Have you looked at the Crypto Total Market Cap through the lens of stock market like Nasdaq? Why pick Nasdaq for this particular comparison? Simple. The stronget tech index of the world is the perfect fit for the digital currency market
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For the purpose of this study, the Crypto Market Cap is illustrated on the 1W chart while the Nasdaq on the 1M chart. It makes sense to do so as cryptocurrency is a much 'younger' market and as it is smaller than Nasdaq, the pace is much faster than that of a traditional stock index.
** Similarities of the Crypto Market Cap and Nasdaq **
- Both have started off with a very strong parabolic rally based on euphoria of a robust future position. The MA20 supported this parabola.
- One the MA20 broke, both started a sharp sell-off based on panic. This was fueled by the simple fact that the masses of investors who bought at the top were left hanging selling lower and lower in loss as the sell-off extended.
- An MA20/50 Bearish Cross was formed on both that led to the Cycle Bottom.
- The Cycle Bottom was made on the MA200.
- The MA200 supported a mini rally forming an MA20/50 Bullish Cross halfway.
- This mini rally made a top on the 0.382 Fibonacci Retracement level and based on disbelief it pulled back again.
- An MA20/50 Bearish cross was formed which led to a second MA200 touch but was a Higher Low (Higher from the Cycle Bottom).
Nasdaq then formed a new MA20/50 Bullish Cross and started a new Bull Phase. The Crypto Total Market Cap is in the process of completing this MA20/50 Bullish Cross. Does this mean that a new Bull Phase will be initiated? What do you think? Feel free to share your work and let me know in the comments section!
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Bitcoin Dominance Losing Steam, Again?
Bitcoin Dominance made a strong recovery in recent weeks, up to it's key resistance trendline.
The weekly chart shows BTC is making a test of that trendline to squash alt coins back into a little corner of the crypto pie.
But on the daily and 12 hour charts it appears the alts are fighting for a strong comeback.
IF this week ends with bitcoin losing about 2.5% market dominance, THEN we may see it's test of the trendline rejected and the start of a major new bull run for the alts.
Bitcoin Dominance At A Cross-RoadsBitcoin is on a strong rally right now, perhaps due to the excitement of the halving event next week. We are watching the long-term trendline of bitcoin dominance stretching back to the Ethereum ICO mania of 2017. A break above that resistance would suggest bitcoin taking a stronger position than the rest of the crypto market. Perhaps bitcoin maximalists will cause a spike but prices could return back to that trendline. A drop back below could lead to a rapid decline in bitcoin dominance. One thing is for sure, alt coin adoption is going from strength to strength. What's your current best guess? Will bitcoin's rally relative to the alt coins get stopped by the resistance trendline above? Will bitcoin traders capitulate and pour profits and point algos towards the alts? Second half of 2020 is gearing up to be epic. Follow SparksterSignals and visit our platform for historical backtesting. We'll update as signals appear.