mojtabaivi
Long

A different analysis of the Crypto market

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
I've decided to share some interesting charts about the crypto market.
Most of us are using the BTCUSD chart to analyze the market. But I think It may be better if we also have a look at the other charts beside the BTCUSD .
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One of the most interesting charts, in my opinion, is CRYPTO TOTAL MARKET CAP. You can see the analysis here:
As you can see, It's similar to the BTCUSD chart. But there are still some differences. The price "WAS" moving in a falling wedge , starting from first of 2018 and ending with the start of 2019. About one year of correction. For now, the pattern is broken. All of us know that the falling wedge is one of the best patterns for correction in a bull run. So the pattern is broken, the correction is done. So what do you guess about the next move? Right, the market cap will grow again, maybe another huge grow, maybe within this year.
(Remember that the traditional stock markets are falling, So where the money will go? Gold? Or maybe, Crypto?)

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The next interesting chart is about bitcoin dominance (MARKET CAP BTC DOMINANCE).
We can see that the btc dominance is moving in a Fib channel, Hitting the top and bottom twice. For now, we are at a critical point. If the dominance breaks the top, we can expect some rises, at least about 70%. But the most probable scenario is this: the dominance is unable to break the top and it will go to hit the bottom again, yes. Bitcoin is old, there are very interesting blockchains and digital currencies better than bitcoin blockchain in the market. Vitalik said the next growth will come from the depth, the applications, and usage, he is true. So in my opinion, we can see the dominance below 30% soon.



Please hit the Like if this idea is useful.
Sorry for my bad English guys ;)
Comment: here is the summary of my predictions:
- The market cap will grow again, soon, maybe within the next year (before the end of 2019), aiming at least 700B.
- The BTC dominance will hit a new all-time low, Below 30% for sure, Below 20 is probable, before the end of 2019.
- Alts will grow much more than bitcoin, as the bitcoin dominance will drop.
Comment: This was my last long-term analysis of BTC:
Comment: If this idea was useful, plz like.
Comment: The breakout of the total market cap:
Idiots will invest billions of dollars when mtgox matter is near to end, may be very soon they will distribute the coins
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disagree.
+2 Reply
mojtabaivi MRKIM7290
@MRKIM7290, Why?
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