Simple pattern showing a possible Bullish case, a descending wedge on play plus some supports at 100 bi and on 1400 ma. The 100 bi is a important psicolgical mark if it becomes resistance in case this pattern don't play out things will get uglier.
Total Crypto Market-Cap Chart Time Frame : 1D
Looking at the total market cap through the eyes of both bear and bulls Bears: Bear market: shorting every bounce will give a higher return than longing every dip. Still below EMA on high timeframes. Under monster trendline Waiting for 'real' capitulation (during the November blood, the amount of longs stayed relatively still) Bulls: After a near 90%...
If the Diamond Breaks, We have support inside the falling wedge and at $3420.
The long term bear trendline has been touched 6 times now. It's true that for such large price differentials it's better to look at the log scale, but nevertheless, this could be at least psychologically important. The triangle withing the dawnward wedge is approaching and end so we should see a decisive move soon if this is significant as was assumed.
we can see here on the weekly chart of the entire crypto marketcap that the market is very much so inside a falling wedge...one that seems to reach its apex in the middle of march....but as with most falling wedges a breakout from the wedge tends to happen very soon after 3/4ths of the wedge has completed so a breakout can be anticipated sometime within the next...
Actually it is quite possible we have already hit the bottom, and the the mkt. is due for rebound ...
Think about all the shit that still exists in crypto space, another 40b deleted before we re-evalute looks right.
Taking the trend of both, 200 DMA and VFI indicator and assuming the completion of waves 1 and 2… I may bet for a reversal confirmation by April 2019
Started paying attention to the total market cap in the beginning of the month, to see if it could give any insight into the moves of the coins before they happened. For the most part, it does not give any great insight ahead of time, rather it displays how the entire market moves as a whole. I noted the bitcoin fall from 6k in a yellow text box, as that took...
This is a very real possibility. But the bounce would be so fast, It's not really worth it to sell now. Especially since there may not even be a dip.
Interesting things happen when the Altcoin MC passes Bitcoin's. Pump or dump?
Refer to previous charts