2021 🅵🅾🆁🅼🆄🅻🅰 🅲🅷🅾🆂🅴 🆈🅾🆄🆁 🅿🅰🆃🅷
Hi trading view users, in this idea I`ve combined BTC, ETH, LTC, XRP and Monero, each symbol was weighted by marketcap average and divided accordingly, this way if BTC moves like we saw past months will not affect formula too much because is weighted less than ETH for example.
Anyway using this combo formula helps to get a better view than Total Crypto Marketcap because it dosen`t contain all nonsense coins, only most traded coins are in here and can be seen that current levels of April 2021 are same with last bull run from 2017/2018.
That being said I think we are making double top from levels of 2017 2018 and trend is about to change fast, i bet on bear trend and more aggressive version of it because :
1. No one is $millionaire$ unless they change their assets/coins into fiat/cash, selloffs are inevitable;
2. This is speculative but I see too much FOMO, bullish news stopped to drive price up for BTCcor ETH and beside that we are around philological level of 50k;
3. Tech of crypto changed word forever and probably will replace cash/fiat but is not gonna be BTC or ETH or other useless coin, if happens is going to be a new government controlled coin/currency;
4. For point 3 to happen laws, regulations and lot of tests are happening, I still believe crypto rush is a government opportunity to test the waters before replacing papers in circulation;
5. Europe Parliament already has proposed regulation/laws to be enforced and is currently ongoing, Procedure 2020/0265/COD
But I can be totally wrong and this may be just the beginning of market "boom" , meaning this is heading to the top of parallel trend line, this indeed will make BTC above 100k ETH above 5K, LTC above 2k...so on.
Either way to avoid nonsense comments of trolls this idea is pure speculative and being right or wrong is irrelative , I do not place all my money here and wait 1 year to be rekt or rich, I`m not a gambler and none of you should be, this supposed to be fun, spread your ideas, arguments not your hate, got something to say? do a post on this platform, looking for others trading ideas and going all in on their call is not the path for success.
“There are only two great tragedies in life: one is not getting what you want and the other is getting it.” -Oscar Wilde
Anyway using this combo formula helps to get a better view than Total Crypto Marketcap because it dosen`t contain all nonsense coins, only most traded coins are in here and can be seen that current levels of April 2021 are same with last bull run from 2017/2018.
That being said I think we are making double top from levels of 2017 2018 and trend is about to change fast, i bet on bear trend and more aggressive version of it because :
1. No one is $millionaire$ unless they change their assets/coins into fiat/cash, selloffs are inevitable;
2. This is speculative but I see too much FOMO, bullish news stopped to drive price up for BTCcor ETH and beside that we are around philological level of 50k;
3. Tech of crypto changed word forever and probably will replace cash/fiat but is not gonna be BTC or ETH or other useless coin, if happens is going to be a new government controlled coin/currency;
4. For point 3 to happen laws, regulations and lot of tests are happening, I still believe crypto rush is a government opportunity to test the waters before replacing papers in circulation;
5. Europe Parliament already has proposed regulation/laws to be enforced and is currently ongoing, Procedure 2020/0265/COD
But I can be totally wrong and this may be just the beginning of market "boom" , meaning this is heading to the top of parallel trend line, this indeed will make BTC above 100k ETH above 5K, LTC above 2k...so on.
Either way to avoid nonsense comments of trolls this idea is pure speculative and being right or wrong is irrelative , I do not place all my money here and wait 1 year to be rekt or rich, I`m not a gambler and none of you should be, this supposed to be fun, spread your ideas, arguments not your hate, got something to say? do a post on this platform, looking for others trading ideas and going all in on their call is not the path for success.
“There are only two great tragedies in life: one is not getting what you want and the other is getting it.” -Oscar Wilde
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