Altseason continuesThe total crypto market cap recovered to above $2 trillion and many assets recouped their losses from the latest dip.
But the dip and the recovery that followed brought BTC dominance to 50%, a level unseen since 2018.
Our regular question to Hybrid Intelligence illustrates the view on BTC dominance:
“Bitcoin crypto market share settled at 50.34% at 12:00 PM UTC on Wednesday, April 28. Will Bitcoin's market share climb above 51.35% (+2%) earlier than drop below 49.33% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 69%
That is a rather uncertain indicator, certainly not bearish (i.e. dominance unlikely to drop lower) but also not strong enough to be considered bullish. It could be interpreted as that dominance will stay within this range between 49% and 51%.
Meanwhile another regular question sheds light on the overall trend:
“The cryptocurrency Market Capitalization settled at 2039B USD at 12:00 PM UTC on Wednesday, April 28. Will the Market cap climb above 2191.9B USD (+7.5%) earlier than drop below 1886.1B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 88%
That’s a bullish sign. The overall market cap is set to increase and given relatively low BTC dominance, it will be driven by other crypto assets. So the altseason continues.
Total
TOTAL MARKET CAP (Y21.P2.E2.v3).Correction still playing outHi All,
I would like to think that BTC and the ALTs will rally strong here however the total market cap says otherwise.
Here we have 3 elements which indicate a strong resistance.
a) Breakout from a structural ascending wedge
b) Horizontal and sloping resistance
c) Previous support now likely to be resistance
d) 10 and 20 daily ema cross over and currently hitting price
So this rally might be short lived and until Total Market Cap reaches its target, we might still look at BTC hitting 42k to 45k.
s3.tradingview.com
s3.tradingview.com
All the best,
S.SAri
Bitcoin & Altcoins slipped into Bear market!In these 6 charts, you see the total cryptocurrencies market cap, the total cryptocurrencies market cap without bitcoin, and the bitcoin price chart.
watching them all together will help you decide better and provide a better picture of the situation!
While many think the Bitcoin crash will be an opportunity for altcoins, numbers don't show this! Actually, altcoins are more vulnerable to bear market! and they experienced a 32% price drop in 7 days!
Anyone who denies this reality will pay for that soon!
Market Cap Bullish Divergence, HourlyCharts for TOTAL2 showing price printing lower lows while the rsi indicator printing higher highs, this is an example of a rsi divergence
Charts for TOTAL shows that price is in a possible expanding wedge I would call it, it still looks quite bullish
In comparison though a RSI divergence on TOTAL2 Hourly is a very strong bullish sign, VeRy
TOTAL MARKET CAP (Y21.P2.E2).In the range for nowHi Traders,
Its difficult to know which way it will go as we have the possible and likely scenario of BTC dropping down for a moderate or deep correction, which is good to have.
But at the same time, the ALTs are making up alot of ground in price.
So it will be important to watch this space to understand in conjunction what the overall space will be for bitcoin, as its still king.
Cheers,
S.SAri
Altseason is here The recent dip spurred some fears but so far the sell-off didn’t spread beyond Bitcoin. ETH, BNB, and many other cryptocurrencies already recouped most losses.
The usual weekly questions to Hybrid Intelligence can help to gauge the trend:
“Bitcoin crypto market share settled at 51.91% at 12:30 PM UTC on Wednesday, April 21. Will Bitcoin's market share climb above 52.95% (+2%) earlier than drop below 50.87% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 11%
This means BTC dominance will likely drop further. Last week it already dipped below 51% and now that looks like the resistance level.
Another question is helpful for estimating the overall trend:
“The cryptocurrency Market Capitalization settled at 1991B USD at 12:30 PM UTC on Wednesday, April 21. Will the Market cap climb above 2140.3B USD (+7.5%) earlier than drop below 1841.7B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 70%
This is a bullish sign for altcoins. The $2 trillion level now looks solid with many assets being quickly scooped at discounted prices.
Together these indicators point to another altseason. With a firm support level and a relatively limited range for BTC, many traders will search for moonshots among other cryptocurrencies.
Market Cap - Further Gann and Top predictions Suggesting an early 2023 end to the bull run
So based on my previous analysis I have managed to extrapolate roughly a June 2022 - April 2023 end date for the bull run
Personally I might brave myself for another bear market if I have the courage, or I am selling around December 2021 just to be safe.
The first Gann ring hits the 2018 Top perfectly, I don't see why it would change for future price movement
Price has also just broken above the middle Gann line (2018 top) this will act as a new support, very bullish, continuation.
Market Cap - Was the last bull run unique?If the last bull run was unique I pose the question why are we seeing similar patterns? (within circle)
With an impressive 452846.26% increase to reach the Top of the fib channel
Will this occur again? The TOTAL market cap would be incredibly high if so
I have my doubts but this is cryptocurrency, to reach the top again another massive move is implied, we will see I guess.
A very optimistic scenario.
Why Altcoins are more attractive to me than Bitcoin nowAs the price of Bitcoin breaks all time high, people are either feeling the fear of missing out or be celebrating on twitter.
I see it as a major red flag despite being early in this bull cycle.
By analyzing $TOTAL and $TOTAL2 charts we can better identify where the next opportunity lies.
Let's say we hit 2x target measured by the Fibonacci retracement on both charts, trade the breakout of $TOTAL2 would give us a 279.6% upside potential while risking 29.82%.
On the flip side which is where the current excitements are, $TOTAL only provides a fairly risky trade with Risk/Reward Ratio of 1.88.
What I am trying to amplify here is even if we were to keep going up in price of Bitcoin, we may still be better off trading Altcoins back and forth rather than just chase Bitcoin.
The most important part of participating in a market is to NOT let your emotions take over control, anytime and anywhere. Be discipline, Bitcoin is NOT the only chance for you to get rich.
Market Cap - Sell pointSell point suggests 1 December 2021 to be optimal if this channel holds true
66 Degree angle ascension Is present within last bull run and proceeding bull run
I think I will be selling around this area, market may stay up till June 2022 as suggested by my previous chart
Bull run in effect
My first time posting here, Are we done here? Just thoughts:
Previously, when the Crypto total market cap (4h) touched the DailyMMA 200, an uptrend started.
The first green candle (4h) been closed over MMA200. We still must look for the daily candle, but, Are we going for another considerable leg up then?
(Personal view and no financial advice)
TOTAL MC : Bearish divergence on daily timeframe CRYPTOCAP:TOTAL
Hello everyone 😃
Crypto TOTAL market cap had failed divergence on daily timeframe recently.
Now it's forming another divergence on daily timeframe !
These multiple divergences will lead the market for a mid-term correction ( not major correction )
Also we are passing pivot point based on FIBBO time-zone...
I expect a continuation of mid-term correction till 14th May.
By the way there is a support zone which can hold TOTAL's movement and make a reversal point.
Attention: this isn't financial advice we are just trying to help people on their own vision.
Have a good day!
@Helical_Trades
Alt Coin Macro Total Market Cap Monthly Analysis Alt Coin Macro Total Marketcap Analysis
This is a simple macro chart of the 1 Month Alt Coin Total Market Cap excluding BTC.
In reference to the previous Kraken Wick BTC Dominance chart I did ( ) , I found it interesting that the month of February 2021 with the Kraken Wick is the same monthly candle that broke the previous Alt Coin Total MC ATH. Since then BTC has been losing dominance to Alts.
Another thing I am keeping track of over the next months is the monthly RSI. We have not yet hit the previous ATH RSI resistance line. In my opinion there is still a good probability that the Alt coin total market cap has room for growth.
Another thing to take note of is the previous bearish divergence at points August 2017 and December 2017 created with the Price Action and RSI. I am keeping an eye on a possible scenario of a new bearish divergence forming over the next months as a way of helping detect Topped out conditions.
What Is Going To Happen In ALT SEASON? 💃It looks like that Alt Season is started.. Every single parameter on BTC.D, TOTAL, TOTAL2, OTHERS.D and ETH/BTC shows this to us.. For example you could see a lot of Alt Coins were pumped yesterday as Bitcoin just was ranging.. But to make sure of this fantastic party in ALT Coins we should wait and see if the BTC.D weekly candle will be closed below 60% or not. If that happens, we can start the celebration of April..
But let's check some data to see what is going to happen is ALT SEASON, and what do I mean by "Celebration"??
Let's look at BTC.D weekly chart above:
As you can see, I made a clear time-line for you 28 DEC 2020 to 22 MAR 2021, that show us Bitcoin dominance came from top (73.55%) to around 60% and this is about 17.16% drop on dominance. This only 17.16 drop, made Ethereum to move from $900 to $2000. I'm sure you've seen what happened to other Alt Coins during this time-line...
By using Fibonacci and finding strong support lines, you can see that I predicted that this BTC.D drop will go down around 42.24% on Dominance.. Check out this folks, it'll be a 31.1% drop from now on.. This is going to be twice as what happened in bull market..
Now Let's check out the TOTAL weekly chart above:
This chart shows us how much money is in the crypto market.
I put the exact time-line as before, 28 DEC 2020 to 22 MAR 2021. As you can see, the time when the bull market was started, TOTAL chart shows us 678 Billion Dollars were in the market.. However, Let's check out how much money is in the market now?? AT the time that Alt Season is starting, there is 1.869 Trillion Dollars in the market and this is huge.. What is going to happen to this money when Alt Season is started? of course, This money is going to flow into the Alt Coins and again, THIS IS HUGE!!!
I used Fibonacci analysis on this chart to, and it shows us that in Alt Season TOTAL market is going to be al least but not last around 2.5 Trillion Dollars and this is 263.39% growth from when the bull market is started..
It's time for Shit coins, Let's look at OTHERS.D weekly chart below:
This chart show us the dominance of shit coins on the market.
And again the exact time-line as we spoke previously. OTHERS.D made a movement from 5.63% to 12.19% and that 120.87 growth. This is the reason why you've seen shit coin flew high in previous months.. If OTHERS.D can break this resistance are around 12% it can go up at least and again not last around 15.69%. This will be 177.17% growth since the bull market is started. This chart shows us if shit coins can capture 15% share in crypto market they will give us a huge amount of profit to us during ALT SEASON.. But be careful guys these kind of coins are dangerous, as the can give us big prizes the can make us harm in huge losses. So don't forget about your Capitol and Risk Management.
Our last chart to talk about is TOTAL2 weekly chart here below:
This chart is just like TOTAL, but it shows us how much money is in Alt Coin markets. That means everything except Bitcoin.
The same as above, 28 DEC 2020 to 22 MAR 21. At the time when Alt Coins bull market was started, there was 198.709 Billion Dollars in TOTAL2. At the end of the time-line there was 705.867 Billion Dollars and this is a 258.01% growth.. I'm interested!! What about you??
TOTAL2 managed to break it's resistance area upwards. Fibonacci analysis is telling us it can go to at least but not last around 1.118 Trillion Dollars. This is a huge 465.61% growth since Alt Coins bull market..
All These enormous numbers shows us, this ALT SEASON is going to be a lot different than what happened before in previous ALT SEASONs. I've been telling you about this ALT SEASON in my previous ideas, couple of months and weeks ago.. If you didn't read the I strongly recommend you to do that so, because there are a lot of important information for you to know in them.. I hope you can find this idea useful and make yourself ready for these huge numbers.. I will update this idea and of course I will post new idea.. So stay tuned for further details and information..
What is your point of view or analysis on ALT SEASON , I like you to share it in the comment section for me, so we can share our knowledge together.
And, As always, feel free to ask any question about this chart in comment section, I will happily answer you :)
If you like this idea, hitting like button, sharing it to the ones who will find it useful and giving me comment will give me a lot of motivation :)
Happy new Market Cap ATH ! Double your investmentAccording to previous analyzes, as you can see in the chart, the overall market cap of the market has been able to surpass its previous and psychological ceiling of $ 2 trillion, which is a promise for good and green days in the upcoming markets.
In the last 90 days alone, the overall market cap of the market has grown from 1 trillion to 2 trillion (100% growth), in which bitcoin and many other digital currencies have been able to achieve more than 300% return.
Now, it is hoped that by the end of the summer of 2021, this volume will grow 100% again, and we will definitely face $ 150,000 bitcoin and $ 10,000 ethereum.
Keep Calm & HODL