Cindicator

BTC will keep beating altcoins, Hybrid Intelligence says

Long
CRYPTOCAP:TOTAL   Crypto Total Market Cap, $
BTC’s recent correction to 30k sparked talks of a new alt season with many traders considering switching from Bitcoin to other crypto assets that might shoot up.

To dig deeper into this idea, we’ve posted the following question to the Cindicator platform:

“The cryptocurrency Market Capitalization settled at 925.74B USD at 09:40 AM UTC on Wednesday, January 13. Will the Market cap climb above 995.2B USD (+7.5%) earlier than drop below 856.3B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”

-------------------------------------
Assurance: 91.11

This means Hybrid Intelligence expects the total crypto market cap to go up +7.5% before any downward movement of a similar magnitude.

Additionally, we’ve asked about Bitcoin’s dominance:

“Bitcoin crypto market share settled at 68.97% at 10:00 AM UTC on Wednesday, January 13. Will Bitcoin's market share climb above 70.35% (+2%) earlier than drop below 67.59% (-2%)?
(forecast 51-100% - bull scenario. 0-49% - bear scenario)”

-------------------------------------
Assurance: 82.80

This result suggests that Bitcoin’s market share will again hit 70%.

So together, the growing coin market cap AND the increasing Bitcoin’s dominance will likely lead to Bitcoin outperforming altcoins. Of course, some individual cryptos might still beat BTC , but the general trend still looks in favour of Bitcoin .

Long Bitcoin for now, Hybrid Intelligence suggests.

And diversify your alts with Stoic, we might add.
Trade closed: target reached
Cindicator uses Hybrid Intelligence (thousands of analysts + AI) to create indicators with
>70% accuracy and Stoic app, an automated trading strategy that made +318% in 2020.
https://cindicator.com?utm_source=tradingview

Comments

oh please ask Cindicator about the future of usdt. I first got into CND in 2017 thinking it was cool one of the few coins I bought back then.
Reply
Cindicator Godofcatchemaal
@Godofcatchemaal, cool idea! you can ask you question here and I'll pass it to Hybrid Intelligence =)
Reply
the previous idea has almost reached the target. let's see what we expect now ..Cindicator:)) hehe
Am I talking to Ai right?:)))
Reply
Cindicator Ptrk7689
@Ptrk7689, AI is here! Looks like this idea is going in the right direction also ;)
Reply
Good idea to share these forecasts on TV, success to you and development.
Reply
Cindicator Henry_Ross
@Henry_Ross, thanks a lot! We had experience in sharing our forecasts on South Korean TV - https://twitter.com/Cindicator/status/1085867009391321095
Now is the time to share our insights here!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out