Hi all. Couple of weeks ago I posted a bullish wedge in the chart of the marketcap ex bitcoin (below) Now it broke out the chart is testing the first support en resistance level. After making the first s/r level he will do the next one, and so on. Thanks for the likes! Hit follow to subscribe to receive new updates and idea's. Previous idea:
Fundamental Reason Last days COINBASE: BTCUSD stated process of diversification towards ETH and XRP. We can easily see that diversification from BTC Dominance to CRYPTOCAP:ETH.D and XRP Dominance which are pumping in the last few days. Events from this kind are telling us that the potential drop is coming in the next 3 weeks. Before the drop to appear on...
The market is in a bullish flag pattern and just bounced from double/triple bottom. We have found strong support! Bitcoin is usually the one that decides the market direction. There is great 1.618 Fibbonaci level to be reached in the midterm timeframe. More strong arguments, detailed explanation and correlation with other indicators coming in the updates. Like...
Everything is in the chart...
I am looking at TOTAL2, the index for the total cryptocurrency market capitalization excluding Bitcoin ... Calculated by Trading View... Here we have some signals to look at that can reveal potential scenarios for the future of the altcoins market capitalization... Let's take a look: First let's notice the "support trendline" which is now in play. If this...
Tracking total crypto market cap leading up to bakkt deposits and live trading.
Be very careful with altcoins. One big drop yesterday meaning money went out of the alt-market and it actually kept the bitcoin dominance up due to the drop that happened. Don't buy alt-coins with BTC you will lose.
Lookin like we may have just hit the bounce target
Possible alt-coin rally starting autumn 2019 with ATH from mid 2020 to 2021.
Hello traders and guys. Looking at the chart, Crypto Total Market is yet bullish! Total MarketCap is tested Daily EMA50 line and bouncing up from EMA50 line and probably showing Inverse H&S as you can see in my chart. However BTC Dominance was quite huge this year 2019 and now showing Rising wedge chart pattern. Bitcoin is the king of crypto and the safest...
Correlation Coefficient is a statistic measurement of correlation between two sets of data (of potentially any financial instruments) and shows the degree of relationship between them. It may help us to have a better understanding of market behavior. A few days ago, I came up with the idea of studying the correlation between Bitcoin (BTC) price in US Dollar (...
-Market recently over speculated on alts by greed and lack of understanding the nature of what a cryptocurrency is (2017) -It damaged Bitcoin and severely lowered its market dominance -Market seems to be readjusting the natural Bitcoin dominance -Alts could have plenty more downside remaining, Bitcoin probably has a lot of juice remaining -Punishment of the over...
Alt coins are for traders, be very careful if you're investing and know past alt trends. See this pic for the sober reality of alts vs btc
I never post this chart but I took a look at it yesterday and decided to share my thoughts on crypto in general. This chart reminds me a lot of the BTC chart. Coincidence? Not really. Bitcoin is roughly 67% of the market. Therefore this chart should reflect that (and it does) Looking at the situation we have a descending triangle on this chart just like the BTC...
Altcoin market cap might show good opportunities while BTC dominance i decreasing. But seems like we need a good new story for a major bull run of whole crypto market with leadership of BTC.