2021 2nd look at marketcaps for Bitcoin and Altcoins12,553,081,000,000 altcoin marketcap
4,650,000,000,000 Bitcoin marketcap
If Altcoins do the same percentage gains at end of 2017 beginning of 2018 then we could see a spike in the market cap as high as $12 Trillion plus if we follow the Beam Bands of the last bull run. I know this is a little too much to expect but with all the information we have on the financial direction globally I would not put this a mere fantasy. Bitcoin reaching anything above $250k would bring its market cap to about $4.6 Trillion or so and if it is commanding a 30% control then it would make sense for Altcoins to reach this insane $12 Trillion market cap if it commands 60% of total market share. I know this is a lot to think about. Notice how we go above this Beam Band by about 322%. This happened in the last bull run where Bitcoin went outside the Beam Bands by about 322% so I am just thinking that this could happen again but of course, there is no certainty but only speculation.
2021
API3 Great project that will moonHere we can see the brake upwards of the falling wedge, this is a great project to invest for 2021 Web 3.0 is coming
DEC 6 GOLD: A FURTHER PULLBACK TO FINISH 2020?What's up big ballers,
Comin back at you with my December 6th, 2020 analysis on XAU USD.
Let me know what y'all think, and as always don't hesitate to drop your questions and comments below.
Take profits and take it easy -- I'll see y'all next week.
- Ray
Bitcoin targets for January and March 2021If this channel that I have proves to be consistent with previous 2017 bull pattern then I am giving two points as possible short term highs and lows. For the month of January I have a possible high of over $34k and in March we can set our first lower high at around $21k going into the first quarter of 2021.
Bitcoin 2021 possible price targets leading up to $300k targetPlease excuse my colorful lines that are in between the Beam Bands. What you are seeing is a reflection of possible low and high target prices for Bitcoin going into 2021 based on the same type of channel for the 2017 bull run. These are merely speculative price points and should not be taken as accurate but if we base this on previous historical price points and the 4 year Bull cycle it could possibly fit into this narrative.
Gold abcde correction : Bottom for $2100Gold made all time high $2075. Since than it is making abcde correction which has almost finished.
This complex correction make perfect foundation for gold bullish rally which will make gold new all time high at $2100.
support of this correction being at 1765 and resistance for potential bull market is at $2120.
This bearish movement is result of profit taking at end of year.
buy low at support and sell high at resistance.
A possible clear channel for ADA going into the 2021 Bull runWith all the promising architecture behind Cardano and all the Big Institutional money coming into this space from hedge fund companies and the Banking sector etc...... It will not surprise me if we hit a low of $3 and a high of $14 by the end of 2021. If we break out of this channel we could head higher into the $20+ dollar figure. Keep in mind that Cardano is a far superior platform to Bitcoin and it is also competing with Texzos and Polkadot for both the Bitcoin and Ethereum market share. Please keep in mind that this is all speculative but many times the lines do not lie. We will see. Not a financial advisor so please do not take this as trading advice.
Long Term InvestorsFor the long term I can see another expansion occurring hence why so many sellers are being taken out as we speak. Since we hit a huge supply zone in September 1, 2020 we have been in "consolidating" but truly have been in a re-accumulation stage to expand in taking out highs and reaching 50% of an imbalance that is long overdue.
Will hold myself accountable to update more. If you thought this year was crazy wait till next year. US dollar to the dirt. :)
xauusdclear daily reversal levels, im looking for the lowest "strong reversal" level and highest "strong reversal" level. Copy and paste the reversal zones and see how price respects those levels in the future. Use trend lines for trend confirmation! FOLLOW the trend always! Also watch for divergence at those levels! OH YEAH FINAL CONFIRMATION!!! FIBONACCI SENSEI!!!!!!
Possible New 2020 Highs for the EUROThe greenback has recently had weakness. Analysts are in consensus that the GBP is best positioned to gain from the USD weakness. For the EURO, major headwinds from resistance levels dating back to the 1990s lie ahead. Despite this, analysts have set their eyes on the 1.25 target by next year. The CFTC COT data shows that speculators have gone long on the EURO futures since the beginning of 2020 and this is expected to continue into next year with the European Economy set to gain more growth compared to the US, thanks in part to the COVID19 response. The EURO has also broken a long-term trend line on the Weekly and Monthly time frames. A possible retest could happen before the bull run to follow. I'll be monitoring price action for the near future.