ALT COINs breaking the almost 2 year descending channelI made an interesting comparison between the TOTAL3 (ALT COIN Market Cap, i.e, excluding BTC and ETH) and the BTC Market Cap.
As you can see this ratio just broke the 2 year descending channel with big volumes, projecting a 1:1 capitalization between the two.
Heres are some key notes:
The RSI and MACD bullish divergences also suggest a strong trend reversal.
BTC Market Cap can easily reach 3 trillion dollars , the 2.618 fibonacci extension. This is a reasonable assumption since, in the last run, it reached the 4.236 extension quite fast. If both market caps should match - and my projection gets it's way - that means a 2 trillion dollars increase in the ALT COINs market capitalization (almost 3x)
I've been accumulating on a couple of alts since the end of last year, and I hope now is the time to bring some returns on that.
Stay safe!
Btcmarketcap
Let Time Be Your GuideCrypto Market Monthly Chart
The Crypto Market Cap can offer great perspective for long term swing trade entry and exits into BTC and ETH, and should be watched closely as this market develops.
There is a clear time pattern which would suggest that you should have your position or at least be DCA'ing now into the reliable market participants BTC and ETH.
You should have a position size that would allow you to withstand volatility down to €17k and not exit the trade, you should have a position you wont exit until mid 2025.
The 10 month moving average is also turning up and moving in the right direction again, as it did during the orange "Get Ready" periods historically, these were good entry periods.
With a recession looking very probable in the next 6 - 18 months (as the yield curve has started to un-invert), it is important to recognize that we might have a March 2020 style correction for the Crypto Market Cap, thus I have overlaid that bull period (Jun 2019 - Nov 2021) onto the chart as a projection of what may be possible. It would not surprise me to see a correction of this magnitude down to approx. €17k, do i expect to happen? NO! but we have to be open to the possibility, especially with the high probability of a recession over coming 6 - 18 month period. Thus it would be wise to position accordingly and potentially have a little powder on the sidelines. Regardless, you should have your core position in place or be getting it in place as there is likely a 29 month period of upwards trajectory incoming and all you truly need is to maintain your emotions and practice patience until mid 2025.
Good luck on your 29 month trading journey, stay focused on time and patience.
THE BULL RUN, MILLIONS WILL MISS.The chart prints are never a mistake, it is for our learning and direction. BTC to 10k is not happening, don't miss this opportunity to buy when millions will be thinking a little retrace is taking BTC to 10k...Be wise the chart is the only chat you need to interact with, not some gurus.
Short Term Bullish Swing TradeHello everyone!
As I mentioned in my previous idea, I'm still bearish.
For now I'm expecting a bounce from this area to 23k-24k.
From there we should see a bearish continuation to 16k.
Btw I will take profit at 22k for this trade.
Good luck to everyone.
And of course thats not a financial advice.
Bitcoin Roadmap (Shown with $BTC Market Cap)Putting the evolution of $BTC into the context of the creation of a business or a tech product, it starts to paint an interesting picture. The current market conditions are potentially ones that will enable the first ACTUAL in-real-life (IRL) use of $BTC as it was originally intended to be used. I'm very interested to be able to watch how this will unfold.
BTC Short Term Movement AnalysisAs you can see from the last Bitcoin analysis the 30000 area broke and the price went down with selling pressure and bounced from 25300$. with the price action analysis, Bitcoin is forming a symmetric triangle on lower time frames and we will see a break of this structure soon. The resistance is the $30,500-$31,000 area and we will see a move towards $33,000-$34,000 if BTC breaks above the $31,000 level. A break below $29,000 is bearish and we might see again $27,000-$27,500 levels. Use tight stop loss in all trades.
This analysis will be updated.
5/14/2022
BTC Dominance still consolidating BUT?watch for BTC dominance move up
a bit and come back to the downside.
Do not freak out, this does not mean the
price will crash...it just means that some
of the money will come out of BTC and
be moved into the Alt-coin market...which
will make the Alt coins scream bullishWhen Bitcoin Dominance
gets to 39%-31% thats when
ALT coins will absolutely RIP!
Show the price of shib with the market cap of BTCShow the price of shib with the market cap of BTC
I think soon we will see shiba pump at least for 50% upward to levels 3000-3300 sat.
If you like this analysis, smash the "like button" and leave a comment below to share your thoughts
or let me know what crypto you want to see!
Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!
BTC Market Cap (Time to resume the bullish momentum)This is the weekly timeframe of BTC market cap, as you can see the BTC often bounce off the trendline which acts as an support. Base on this, i feel BTC is gaining dominance as we reclaim back 1 trillion market cap for BTC. As history data proven, during the period where we count down to end of the year, it's gonna be bullish for crypto market.
BTC Market Cap
BTC Market Cap Domination Domination is near big support, there is probability that the domination will rise from that support around 39%. If this will happen and the price of btc despite that will go down, it means that alts will bleed a lot, 2x more than btc. If the price will rise along with the domination it simply means that the money will be going mostly to BTC and alts will rise slowly. The other scenario is that we will break that support and domination will fall to around 35% in this case we may have similiar situation to January 2018 when the huge altseason started.
We can also see that there is divergence on 1D timeframe on MACD which may suggest that we won't break this support and the dominance of btc will start to rise.
Be careful, always do your own research.
It is not financial advice, I'm just sharing my personal view.
Crypto Market Capitalization is touching last ATH'sCrypto Market with BTC still has a little road to go until last ATH (red line), but TOTAL ALTS capitalization(without BTC) is touching his last ATH, so its at crucial point right now.
Be careful, tomorrow BTC has a fundamental with El Salvador making it legal money, this can lead to a new 2021 Bull Run or could be the start of a correction, as BTC is touching 68.70% Fibo right now at 52.500.
Regards.
Eng Alexa.
BTC:USD analysis/predictionHello everyone.
Just wanted to share my idea on todays BTC movement. My analysis is based on BTC Shorts and BTC marketcap charts movements.
To clarify:
Green shield= Support,
Red shields= Resistance,
Thank you for checking it out!
Would love to hear your ideas on this analysis.
Disclaimer:
This is just my idea and should not be used as a financial advice.
SHIB- Dog MEME coinAll major Inu coins- Alaska Inu (LAS), Kishu Inu (Kishu), Hachiko Inu (Hachiko), Hokkaidu Inu (HOKK), Akita Inu (Akita) and Shiba Inu (SHIB). They are all copycats of DOGE and we even have the copycat of the copycat- Baby Akita (BKITA).
Most of these meme coins are only available on DEXs/AMMs except Kishu Inu (Kishu)- OKEx, Akita Inu (AKita)- Poloniex & Okex and Shiba Inu (SHIB)- Binance, Huobi, OKEx and Poloniex.
SHIB has the highest liquidity and has the confirmed marketcap (at least it was created in 2020). These meme coins are highly speculative and volatile and have zero fundamentals so they are only good for short swing plays while crypto market remains bullish.
BTC marketcap is short- term bearish and continues to range within the consolidation with the support lvl at 40k. Altcoin marketcap is overheated so I expect some pullback.
Looking for quick bounce back plays inside both demand zones. If BTC breaks below 40k, then looking to get in inside the second demand zone. These meme coins are highly risky so open a small position with tight stop loss and take the profit aggressively.
Follow me and smash that like button.
Just my two cents. Not the investment advice. Please do your own research.
We already started ALTS honey moon Considering to Market Cap BTC Dominance its really clear that In terms of technical analysis, we have head and shoulders pattern is a predicting chart formation that usually indicates a reversal in the trend where the market makes a shift from bullish to bearish it mean that BTC will have lower control over ALTS coins generally and its predicted that we will have a honey moons for all alts buy closing below 59 with a very high volume for today we may have some short term reverse before a deeper drop toward 50 and then 43 if we are lucky … So lets start the party
btc marketcap forming base over our horizontal Supportbtc.d is consolidating over our horizontal support. breaking down is ideal siuation for alt flighs. regardless of btc.d money pouring into altcap, it is on a tear watch alt cap for possible alt market reversal in ltfs.
btc.d going up and alt marketcap retreating should be a possible alt top indicator. untill then all is fine for alts imo.