Alts reach critical 0.786 Fibonacci threshold firstThe Crypto Total Market Cap Excluding BTC is nudging on the 0.786 Fibonacci retracement level if we assume that the base is located on the same level as 4 February, when the crypto total market cap including BTC reached the $1T threshold. This would seem a logical value to retest, and aligns on the BTC chart with $37k.
As BTC edges towards its own 0.786 level retracement, and while the alt coin market closely mirrors BTC price action, perhaps this puts in question whether:
a) The $1T threshold will be revisited at all (i.e., if BTC creeps up, one would imagine that the Total Market Cap Excluding BTC would pass the 0.786 retracement level, if 4 February is indeed the base);
b) The base of BTC's retracement is $37k.
It also adds more possible credence to the outlook that the BTC retracement is over, and that once $54k is broken, it's onward to retest the previous ATH and surpass it.
The charts don't say that to me. Nonetheless, it's interesting that the Total Market Cap Excluding BTC is already there, even with BTC having some way yet to go.
Total
Mildly bullish on Crypto Market CapThe crypto market has rebounded over the past few days. Weekly indicators from Hybrid Intelligence should help with identifying the trend.
Here is the usual weekly question:
“The cryptocurrency Market Capitalization settled at 1545B USD at 02:00 PM UTC on Wednesday, March 3. Will the Market cap climb above 1660.9B USD (+7.5%) earlier than drop below 1429.1B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 61%
This is a mildly bullish indicator. Hybrid Intelligence believes it’s more likely the crypto market will go higher.
To check if the growth will be across both Bitcoin and the rest of the market, we’ve asked the following question:
“Bitcoin crypto market share settled at 62.22% at 02:00 PM UTC on Wednesday, March 3. Will Bitcoin's market share climb above 63.46% (+2%) earlier than drop below 60.98% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 29%
This suggests that Hybrid Intelligence does not expect BTC dominance to rise higher. Throughout February BTC dominance stayed mostly under 63% and this resistance is unlikely to be broken now.
Together these two indicators suggest that Hybrid Intelligence is now favouring altcoins.
Blueprint BTC/USDThe bottom was December 15, 2018. Just look at the charts. We are in a bull market. BTC market-cap will continue to grow until 1.5 trillion, but dominance will settle down to only 40% - 46%. Any large cap alt coin (XRP, ETH, LTC, IOTA, etc...) stands a chance to temporarily dethrone the Bitcoin, as market-cap will trend towards more even distribution. The flippening, that would be interesting!
Enjoyed viewing my idea? Leave a like!
Do you disagree with this analysis? Please, leave a comment and tell me how you think I could improve in the future.
I am not a financial adviser, this is NOT financial advice.
Evaluating the Bullruns StrengthIt can be seen within the present bull run that BTC is outperforming ALTS (Aggressive Alligator Spread)
While in the previous bull run ALTS outperformed BTC to a degree (Aggressive Alligator Spread)
What is the cause for this changed?
Possibly the introduction of larger institutions entering into Bitcoin, but something tells me its the saturation of the altcoin market that has allowed for this to occur. More altcoins = dispersed opportunity.
Comment your thoughts below,
I'll link the Alligator indicator below for you guys :D
Altcoin Crypto Market to $50T by May 2022 ($TOTAL2)I've used a basic understanding that the market cap during the last bull run of 2018 grew approximately 10000 times from the bottom. I used one order of magnitude less for this target (1000 times from the bottom) to reach the upper end of a fibonacci target. We may find a short term peak somewhere in April 2021 after a precipitous spike, followed by the completion of the time fractal into a top around 50T at May 2022. From there, I would expect a similar 90% retrace as seen in previous crypto bearish cycles, and then possible a 100 times move from the bottom (one less order of magnitude again) to continue the move towards 500T market cap sometime in 2027.
Crypto market cap to recover The recent sell-off wasn’t unexpected. A correction was due after months of strong growth.
But it’s far from clear if it’s over. Our regular questions to Hybrid Intelligence might help.
“Bitcoin crypto market share settled at 61.88% at 01:20 PM UTC on Wednesday, February 24. Will Bitcoin's market share climb above 63.12% (+2%) earlier than drop below 60.64% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 54%
This means that Hybrid Intelligence is uncertain about BTC dominance. It’s basically 50/50 for Bitcoin either way and both levels are quite significant, so a move in either direction could set a trend.
We’ve also asked about the overall crypto market.
“The cryptocurrency Market Capitalization settled at 1492.3B USD at 01:20 PM UTC on Wednesday, February 24. Will the Market cap climb above 1604.2B USD (+7.5%) earlier than drop below 1380.4B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 74%
Hybrid Intelligence is mildly optimistic about the quick rebound. There is a higher probability that the overall market might rebound, leading with other assets beyond Bitcoin.
Moving Average Analysis - MCAPFrom these charts we can draw the conclusion that the chart 'OTHERS' is developing the separated three moving averages that can be seen on TOTAL.
A moving average pattern like this can last from months to years.
We can also draw the conclusion that Bitcoin is not completely connected to alt-coins and there is a disconnect between the two. Also we may see OTHERS excel above TOTAL, as it is clear that the chart is at a younger stage of development relative to the moving average structure.
Interested to see how this plays out. Remember, Diamond hands!!
TOTAL MARKETCAP on Important Support!
This is the TOTAL MARKETCAP CHART : Candle closes in the next 1 hour 7 minutes and is currently on the support.
If it holds the 50D MA on this 2 hour chart It's highly likely that the whole market will bounce back.
Do hit the like button and share your views in the comment section. Follow me for more updates.
#PEACE
Alts to catch up with BitcoinThis week, Bitcoin finally broke $50k, an important psychological level, gaining about 15% in the past seven days.
Often during Bitcoin’s strong rallies alts lag behind. That was the case now. For example, ETH and ADA have gained just about 5% during the same period.
We’ve posted the following questions to Hybrid Intelligence to check what’s next for the market:
“Bitcoin crypto market share settled at 63.11% at 10:00 AM UTC on Wednesday, February 17. Will Bitcoin's market share climb above 64.37% (+2%) earlier than drop below 61.85% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 21%
This means that Hybrid Intelligence expects BTC dominance to decline after its recent surge.
Another question was about the overall market capitalization:
“The cryptocurrency Market Capitalization settled at 1519.5B USD at 10:00 AM UTC on Wednesday, February 17. Will the Market cap climb above 1633.5B USD (+7.5%) earlier than drop below 1405.5B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 87%
This is a strong bullish signal, indicating that Hybrid Intelligence expects the market to increase further.
Together these two indicators suggest that in the short term altcoins will catch up with Bitcoin.
TOTAL MARKET CAP (Y21.P1.E1).Resistance LevelHi All,
We can see the total market cap has broken out of consolidation structure and now rising in an up channel. Note the fib extension levels,
We have hit a key level and we saw the today, a first touch rejection. We will consolidate and likely break this level soon which is aligned with a BTC bullflag.
So we are now expecting a bullflag for bitcoin, as per chart below.
All this makes sense as to why BTC just drop 8%.... Don't sell and buy the dip.
Note the daily ribbon of 10/20 ema acting as support.
We are approaching the goldern ratio of 1.618
All the best,
S.SAri
Daily chart shows bullish indicators
BTC: still bullish, but be carefulNew price records that are set daily give an impression that the growth will never stop. But nothing is permanent.
As usual, we’ve checked the weekly Hybrid Intelligence view on BTC dominance:
“Bitcoin crypto market share settled at 62.25% at 12:00 PM UTC on Wednesday, February 10. Will Bitcoin's market share climb above 63.5% (+2%) earlier than drop below 61.01% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 87%
Hybrid Intelligence is bullish, expecting BTC to continue to gain market share.
We’ve also asked about the overall market:
“The cryptocurrency Market Capitalization settled at 1396.42B USD at 12:00 PM UTC on Wednesday, February 10. Will the Market cap climb above 1501.2B USD (+7.5%) earlier than drop below 1291.7B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
-------------------------------------
Assurance: 88%
Again, Hybrid Intelligence is optimistic, expecting the market cap to reach new highs.
But be careful: the euphoria is getting extreme. A major correction might stop the party very abruptly.
Something big is coming?Let's find on the chart
EVERY disruptive technology first makes an impact somewhere—often with just one so-called lighthouse industry that stands at the leading edge of adoption. A particular group of companies and customers grasp that technology’s long-term value and the ways it might upend current thinking. Aerospace companies, for example, envisioned early on 3D printing’s long-term potential far beyond prototyping!
Over time, organizations from a wider array of industries came to see the potential of these and other disruptive technologies as they found more practical and diverse mainstream applications. Some term this process of industrial adoption the diffusion of innovations. Blockchain is going through a similar path of diffusion across industries far beyond its initial fintech applications. More organizations in more sectors—such as technology, media, telecommunications, life sciences and health care, and government—are expanding and diversifying their blockchain initiatives.
Trade in profit! Push up Like button if you like my reviews and help you understand the current market situation! Subscribe to the channel and stay tuned for trading ideas that are not trading recommendations.
And remember! You must have your head on your shoulders! Do not trust anyone - not even me :)
Thanks to your likes, I understand how many people rated my review positively. I spend my personal time monitoring the market situation and share my opinion openly with you. Please take this moment into account and treat it with understanding.
#TOTAL #TOTALMARKETCAP #CRYPTO #weeklyHi guys..its the latest analyze chart of TOTAL(total market cap)in weekly timeframe.if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
if u like it press like-comment and folow me.thx
Bullish divergence Shell and totalThere is bullish divergence on the 1 hour chart. It's trading in a nice channel and oil prices are going up. So my guess is we are going up tomorow or the next day. Total (FP) chart looks the same.
Good luck