Using Elliott Wave Theory to analyze Bitcoin Cash Dominance $BCH.D + $TOTAL Crypto Market Cap. Total Crypto Market Cap: $277-$307B Current Bitcoin Cash Dominance: 3% Future Bitcoin Cash Dominance: 9%-10% Current Bitcoin Cash Market Cap: $8.1B Future Bitcoin Cash Market Cap: $27B (+333.33%)
The candle blew thru 1x1 Gann fib ray resistance after a struggle on the previous chart linked beneath - With a re-scale the chart shows one more leg up - This weeks candle has opened above support on the 4th arc pair, a correction should happen at the 5th arc pair at 298 billion
trend line says to test 250-260 billion while FIB says to retest 220B. What say you?
Gonna be tough to break through and close above 250B on the first month as resistence, but who knows. Anything is possible in bitcoin. Blow off top wick? Or correction incoming? Lots of momentum. I'm with the bulls.
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Total market cap for crypto now we are going down to 182 billion soon befor pumping to 336 billion so the alts coin will dump again so be careful and convert all your crypto to usdc or pax I will update soon after biancne completed the maintenance
the biggest way most people have been missing out during this bullrun is simply by taking profits expecting a correction thats long overdue but still doesn't come and they end up losing some of their btc positioning and fomoing in a few pips higher up. I think the main reason for this lack of correction is that momentum has been skimming the top of a super strong...
This one looks like she has more life left in her yet with the run's volume refusing to back down and the epic higher timeframe doji resistance here separating the top from the bottom will probably have a fair bit more time spent in it still One would expect most of the extra market cap fill to come from alts here but if there are still sufficiently many naked...
Even with BTC over $6,400 and being up more than 75% since January 2019, we have not seen any major bullish move by the rest of the CryptoCurrencies. The question is if correlation between Bitcoin and Altcoins are going to fade, or not! In major crypto exchanges still the main currency is Bitcoin.
TOTAL chart is MarketCap chart include BTC TOTAL2 chart is MarketCap chart exclude BTC Both charts show us a descending trend. So this time is not good to buy in
Crypto market Cap trying to break to the upside the bullish flag pattern... Unleash the pumps!
MarketCap is following our arrow exactly. And it has a big possibility to breakout in this wave. => This is GOOD sign for ALL COINS
Considering a dual market cap approach everything seems clearer. Looking at bitcoin alone we could feel the impulse to short the right shoulder, but looking at total market cap and altcoins marketcap you can see that you are maybe shorting … a bullish flag. While bitcoin is drawing a scaring head and shoulder, altcoins heavily corrected. Altcoins are now...
CRYPTOMARKET / USD TA From overall pattern setup we are good for 200,000,000,000
Crypto total market cap ($) Elliot wave theory 4H time frame