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Bitcoin Dominance Cheat SheetHi Traders, Investors and Speculators of Charts📈📉 Bitcoin dominance and the rotations between BTC and altcoins can be confusing. Enjoy this easy-to-understand guide to BTC.D , and why it is important to watch alongside with the bitcoin chart. 👇👇👇 BTC dominance is calculated by dividing the market cap of BTC by the total market cap of all cryptocurrencies. If the TOTAL market cap is 1.5 trillion and the market cap of alts increases, then BTC dominance will go down unless the market cap of BTC also increases. But to really understand the rotation of money between BTC and alts, you'll need a clear understanding of how how market caps all fit together. Imagine a pie where each slice represents a different cryptocurrency. The pie here indicates the total cryptocurrency market cap of both Bitcoin and altcoins, which can increase or decrease at any given time. In other words the TOTAL chart. - If BTC market cap increases but altcoin market cap shrinks (relative), the pie stays the same size. - If BTC market cap increase and altcoin market cap increases, the pie size increase and so forth. If BTC dominance is at 40%, it means that the BTC slice of the pie chart is 40% of the total size of the pie. The remaining 60% of the pie is made up of all other cryptocurrencies (altcoins). A pie chart from March 2023: Now, imagine a new bullish cycle starts across the crypto markets. This causes the market capitalization of both altcoins and Bitcoin to increase. If the market capitalization of BTC also increases, but at a slower rate than the market capitalization of altcoins, then BTC dominance will remain stable even though BTC Price increases AND altcoins prices increase. This is because the BTC slice of the pie is still 40% of the total size of the pie, even though the pie has grown larger. In other words, the pie has gotten bigger, but the size of the BTC slice has remained the same relative to the rest of the pie. Here is another way to think about it: Total market cap: $1.5 trillion BTC market cap: $900 billion Alt market cap: $600 billion BTC dominance: 60% Now, let's say that the alt market cap increases by $200 billion and the BTC market cap increases by $100 billion. The total market cap would now be $1.8 trillion and the BTC market cap would be $1 trillion. BTC dominance would still be 60%, even though the price of BTC increased because the overall pie has gotten bigger. Here is an example of how the BTC dominance falls, but BTC price increases: Total market cap: $1.5 trillion BTC market cap: $900 billion Alt market cap: $600 billion BTC dominance: 60% Now, let's say that the alt market cap increases by $200 billion, but the BTC market cap only increases by $100 billion. The total market cap would now be $1.8 trillion and the alt market cap would be $800 billion. BTC dominance would now be 50%, even though the price of BTC has increased. As a summary: UP: BTC d ominance is increasing, meaning that BTC is outperforming altcoins. STABLE: BTC d ominance is remaining relatively unchanged. This could indicate price movement on either Bitcoin or Alts . DOWN: BTC d ominance is decreasing, meaning that altcoins are outperforming BTC . We see an increase of market capitalization on the TOTAL chart: _______________________ 📢Follow us here on TradingView for daily updates📢 👍Hit like & Follow 👍 We thank you for your support ! CryptoCheck CRYPTOCAP:BTC.D CRYPTOCAP:TOTAL
CRYPTOCAP:BTC.DEducation
by CryptoCheck-
32
A good idea that turned into a big Bubble(Scam)..!Bitcoin as the first cryptocurrency supposed to be something near "Ideal Money" as defined by John Nash, however, the primary idea derailed far behind imagination! How many cryptocurrency projects exist? 10397, yes there are more than 10 thousand cryptocurrencies out there..! and they are far from ideal money..! It is also good to know this number quadrupled in less than 2 years and it was 2180 before the COVID pandemic! Bubble: "A bubble occurs when the price of a financial asset or commodity rises to levels well above historical norms, above its actual value, or both." (Investopedia) The shoeshine boy indicator: "I am pretty much sure many of those who read this article do not know about the story of Joe Kennedy, JFK's father during the Wall Street crash of 1929, and the decisions he took after a discussion with his shoeshine boy. The story took place in 1929: Joseph Patrick "Joe" Kennedy, Sr. JFK's father, claimed that he knew it was time to get out of the stock market when he got investment tips from a shoeshine boy. At that moment Joe Kennedy had the intuition that we were at the end of the bull market and subsequently, he decided to short the market and became .. multi-millionaire! Ever since, the shoeshine boy has been the metaphor for "time to get out"; for the end of the mania phase in which everyone, even the shoeshine boy, wants in." (4investor.eu) however, this time the behavioral alarm did not trigger by Shoeshine boys, but by YouTubers, Celebrities, and..etc. From Kardashians to Mike Tyson, and others like Mat Demon, DJ Khaled... and so many others..! But the real alarming sign was the 2022 Super Bowl ads bought by big crypto trading platforms..! which clearly shows they are desperate to add new clients. I believe 99.9% of cryptocurrencies will lose more than 99% of their value in the coming years! and less than 10 should survive the game! those with features near to ideal money..! But what about trading these "Speculative Assets"? What is Speculation? In the world of finance, speculation, or speculative trading, refers to the act of conducting a financial transaction that has a substantial risk of losing value but also holds the expectation of a significant gain or other major value. With speculation, the risk of loss is more than offset by the possibility of a substantial gain or another recompense . (Investopedia) According to my statistical measures, since November 2021: All the bearish indicators outweigh bullish ones! Be careful, the Crypto market experiences 15-30% bounces very easily..! at least 10 times since November 2021, no need to say it will be followed by a bigger down move..! Cryptocurrency history: "On October 31, 2008, Satoshi Nakamoto published the white paper called Bitcoin – A Peer to Peer Electronic Cash System, describing the functionality of the Bitcoin blockchain network. Satoshi formally began work on the bitcoin project on August 18th, 2008, when they purchased Bitcoin.org." (Crypto Vantage) Before the Bitcoin era: "The idea for cryptocurrency first began in the late 1980s, the idea was for a currency that could be sent untraceable and in a manner that did not require centralized entities (i.e. Banks). In 1995, American cryptographer David Chaum implemented an anonymous cryptographic electronic money called Digicash. It was an early form of cryptographic electronic payments which required user software to withdraw from a bank and required specific encrypted keys before they could be sent to a recipient."(Crypto Vantage) "Bit Gold, often called a direct precursor to Bitcoin, was designed in 1998 by Nick Szabo. It required a participant to dedicate computer power to solving cryptographic puzzles, and those who solved the puzzle received the reward. If you put Chaum’s and Szabo’s concepts together, then you have something that resembles Bitcoin."(Crypto Vantage) "But Szabo could not solve the puzzle of the double-spending problem (digital data can be copied and pasted) without the use of a central authority, and so it was not until a decade later when a mysterious person or persons, using the pseudonym Satoshi Nakamoto, published a white paper called Bitcoin."(Crypto Vantage) Best, Dr. Moshkelgosha M.D DISCLAIMER I’m not a certified financial planner/advisor, a certified financial analyst, an economist, a CPA, an accountant, or a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
CRYPTOCAP:TOTALEducation
by Moshkelgosha
15
TOTAL 2Days Cycles Hello Traders As you can see in the chart above, every red circle represents an important area in my opinion. As it is seen candle bodies in 2D chart are somehow important. When price is closed lower than a lower line (blue lines in each area), or above an upper line (yellow lines), it continued its way in that direction, almost sharply. This point of view may be used in further areas found in 2D TOTAL chart. ------------------------------------------------------------------------ What is your opinion? Comment below. If you like the idea, please hit the like button and follow me so that you won't miss the updates. The information given is never financial advice. Always do your research too. Good luck.
CRYPTOCAP:TOTALEducation
by Crypto_MD
How to chart crypto market caps beyond TOTAL, TOTAL2, etc.! TradingView offers some awesome abilities to chart the entire market cap for cryptocurrencies using TOTAL, TOTAL2, and OTHERS under CRYPTOCAP. However, I often find myself having inquiries beyond just these symbols, so I would like to introduce how to show other market caps possible using some simple math. For those who are unaware what the symbols mean under CRYPTOCAP, here is a brief introduction to a few of them: * CRYPTOCAP:TOTAL - The entire market cap of all cryptocurrencies in the world such that if you were to own every cryptocurrency everywhere, this is how much money you would have * CRYPTOCAP:TOTAL2 - TOTAL minus the the market cap of Bitcoin * CRYPTOCAP:BTC.D - Also known as "bitcoin dominance", this represents the percentage of the total market cap which is made up of Bitcoin * CRYPTOCAP:ETH.D - Similar to BTC.D, this represents the percentage of the total market cap which is made up of Ethereum * CRYPTOCAP:OTHERS - TOTAL minus most of the cryptocurrencies provided by CRYPTOCAP that end in ".D" Additionally, for a full list of what OTHERS omits, this can be found at the following page by excluding all the prices described under the section "Total Market Capitalization Dominance, %" on that page. However, sometimes you might be looking for further market caps (e.g., just bitcoin, etc.). For these, here are some useful equations that might help you out: * "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2" , aka "the TOTAL market cap for BTC" - The easiest way to calculate the market cap of BTC is "TOTAL-TOTAL2", since the difference between TOTAL and TOTAL2 is the whole of BTC by definition * "CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100" , aka "the TOTAL market cap for ETH" - Since ETH.D is the total percentage of ETH in the market, multiplying this (as a percentage) by the total market cap yields the total market cap of ETH * "CRYPTOCAP:TOTAL2-CRYPTOCAP:ETH.D*CRYPTOCAP:TOTAL/100" , aka "the TOTAL market cap of everything BUT BTC and ETH" - Since we just calculated the total market cap of ETH, and since TOTAL2 is the total market cap minus that of BTC, subtracting the latter from the former yields the total market cap minus the two largest behemoths I should note as well that the market cap of any currency can easily be calculated using the formula ".D*TOTAL/100" so long as "COIN" in this formula has a "dominance" indicator under "CRYPTOCAP", e.g., XRP, LTC, BNB, etc. To chart any of these symbols, simply enter in the above formulas (without the quotes) instead of the symbol when using the search box in the interactive chart in TradingView. For example, instead of searching for "BTCUSD", try searching for "CRYPTOCAP:TOTAL-CRYPTOCAP:TOTAL2" instead. Hopefully folks find this useful for their future charting endeavors.
CRYPTOCAP:TOTALEducation
by crypto_trends
3
Total Crypto Market lets have a lookhaving a look at the Total crypto market-cap including bitcoin to see what we can find. as it looks like 7.2 trillion USD and possibly more should be no problem to achieve in this bull run. we can also see why we had a massive dip in Bitcoin and the hole crypto market. It simply came to the 10.618 and needed a correction. it retested the 7.618 and currently has recovered most of it aiming now for the 3 trillion cap. where we have another 10.618 pivot and i expect another good and healthy dip once we reach that.. 3 to 3.1 Trillion.. if i find more observations on this chart i will update so follow it and stay tuned. please leave a like / comment / donation if you enjoyed this Idea
CRYPTOCAP:TOTALEducation
by Candle_Styx
4
Don’t try to catch the falling knifeToday’s sell-off across most crypto assets has caused some concerns about the continuation of the altseason. We’ve decided to check what Hybrid Intelligence thinks by posting the usual question about BTC dominance: “Bitcoin crypto market share settled at 63.85% at 12:00 PM UTC on Wednesday, January 27. Will Bitcoin's market share climb above 65.13% (+2%) earlier than drop below 62.57% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 42% This is a rather uncertain indicator. After falling for 3 weeks, BTC dominance found support around 62.5%. The Hybrid Intelligence view is slightly more pro-Bitcoin than last week (it was 31%, i.e. in favour of altcoins), but it’s not a decisive signal. To check how the overall market will perform, we’ve asked the following question: “The cryptocurrency Market Capitalization settled at 895.15B USD at 12:00 PM UTC on Wednesday, January 27. Will the Market cap climb above 962.3B USD (+7.5%) earlier than drop below 828B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)” ------------------------------------- Assurance: 24% This is a bearish signal from Hybrid Intelligence. Yet by the time the indicator was ready, the market cap already declined significantly — and then rebounded. It’s best not to try catching the falling knives. Even after a sharp drop, prices might go down further so it’s probably safer to wait for confirmations that the local bottom was reached.
CRYPTOCAP:BTC.DEducation
by Cindicator
2