The indicator is called Gaussian Channel
It is great and I thought I would share,
Clearly shows bear runs and bull runs
We are early, in the beginning of a bull run, if history holds any value this could push massively to the upside
Message me if you would like a link to the indicator :D
Total market capitalization is slowly trending down, capital is going out of the market.
Levels to watch for total alt coins market if we break $185B there's a possibility that August will be a red month (Shorting is still majority of my trades spotting on the LH )
But we cannot take away the possibility of market reversal in the short term as the market will...
From these charts we can draw the conclusion that the chart 'OTHERS' is developing the separated three moving averages that can be seen on TOTAL.
A moving average pattern like this can last from months to years.
We can also draw the conclusion that Bitcoin is not completely connected to alt-coins and there is a disconnect between the two. Also we may see OTHERS...
Looks like the market is overbought like it has three times in the past.
This red line is the top of the momentum indicator. This is a major correction level because the market is overbought.
The blue waves are momentum.
This was based on an idea proposed by Nicholas Merten in a recent tweet. The diagonal line serves as the median point on a sine wave pattern we see emerging in the growth of market cap over the entire crytpo-currency space. The range projected for the next cycle as we approach crossing above the median. If we expect a similar curve, and use even a small...
i warned you about altseason 2 month ago ( check related ideas ) now others crypto market cap broke ATH and retested it ! what does it mean ? you remember what happened when bitcoin did the same ? lets go