Crypto Total Market Cap Excluding Top 10 Dominance, %CRYPTOCAP
Description
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After the last couple of posts, I have received all sorts of questions and requests. I thought it might be interesting for "especially the crypto traders" to ask the question, gather your opinion on so on...
This shows bitcoin Stochastic levels on a monthly timeframe.
Similar stochastic levels on a weekly.
This image show the current COT (commitment of traders) sentiment over the last couple of weeks (why we are struggling to go beyond the 50k region maybe?)
Bitcoins - Regression channel on higher timeframes
The last image show the other coins - excluding Bitcoin - it's current local order blocks and regression trend.
I would love to get your opinion, Ideas, thoughts on the situation. Pro or anti crypto - pro Bitcoin or have an amazing project in the crypto space...
Let's see what feedback brings.
Disclaimer This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
"They" are currently buying up All the BTC. Just look at the news. Right now there are only 900 BTC mined a day. Just PayPal, Grayscale, Square & Microstrategies alone, (4 companies), are buying up more than is being produced! Why? INFLATION...
Get it now, or It will be too late. Another investment worthy project to look into is Horizen. ZEN has the most full nodes on it'e network of Any crypto. 3 times more than bitcoin! And Grayscale has an investment trust for it. Then round it out with Ether & Litecoin. ETH because it is actually being used, & LTC because you can actually send it & spend it cheaply. It just works, with 100% up time for over 9 years, (Not even Bitcoin has 100%), & its on every exchange as well as crypto ATM's & POS systems...
Mayfair_Ventures
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@ejlouieb, I've been in Bitcoin since 2011, Actually sold the majority of my holdings at just over $100. I am 100% with you on it's a long play, but Institutional COT data still is pretty short - meaning it's trying to buy at value. I know many retail investors (speculators) who were buying at 55k and selling at 50k. Now it's getting to be more of an investment instrument and some great money can be made - by trading it up & down.
Gambling
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Personally, I'm game... What's your opinion?
Mayfair_Ventures
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@Gambling, I think BTC is slowly but surely becoming more of a professional investment instrument. As a venture capital investor, I see all sorts of projects - but 9 out of 10 are trying to find a problem for their solution. Rather than building for a problem they have identified. It's clear BTC is much like USD to conventional instruments. So now it's just watching its transition from speculative through to investment vehicle. BTC has value in being the store of value, it's already established its brand identity for the people who don't understand crytpo - from tech to utility. So it's already passed the first hurdle.
Gambling
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Wise words..Wiser words have seldom been spoken.
But what of the poor altcoins