Cryptocap
Bitcoin Dominance & Crypto Total Market Cap ExplainedOn this chart we are looking at TOTAL2 & BTC.D.
BTC.D ( Bitcoin Dominance) is the % of the total Crypto market BTC Controls, when the Bitcoin Dominance rises it can be a sign of Bitcoin taking up the market share of the whole crypto markets - and as this happens we usually see alt-coins (crossed with BTC not USDT) have sell offs.
TOTAL2 (Cryptocurrency Market Cap) tells us the total market share of the Crypto Markets excluding Bitcoin. When this rises it is a sign of large amounts of money entering the Alt-coin markets.
By using these two tools we can find areas in the market alt-coins are more likely to rise & drop, allowing us to make "safer" & higher probability trades on alt-coins- and helping us understand when Bitcoin is coming to crucial areas and could make major moves.
When BTC Dominance rises, that means money is flooding out of alt-coins and into Bitcoin , usually in highly volatile times.
When BTC Dominance consolidates it is a possible sign that money is moving is flowing between the alt-coin and Bitcoin markets and this is the best time for you to be trading alt-coins as-well as after the BTC.D has a major sell off.
Looking at the chart on the 1st of November 2017 we see the start of of a bearish 1 month close on the BTC.D and a bullish monthly break out on the TOTAL2 chart. At this point we seen many alt-coins continue to grow massively in value against BTC starting one of the most parabolic bull markets we have ever seen. It is important to note that as of today the BTC.D is now pushing through that level once again - while the TOTAL 2 is just above this same level.
On the Bitcoin Dominance a close under 64% and a sell off may be a sign that we are entering a similar market to 2017 - while a breakout above 68.24 may be a sign that the alt-coins paired with Bitcoins may put in new lows, if the TOTAL2 were also to lose the support at 110.
Now is the time to start planning & paying attention, with many alt-coins crossed with Bitcoin seeing red for quite some time now, a sell off on the Bitcoin Dominance and a relief run rally for alt-coins would make sense.
For comparison i have attached a chart of XRP & ADA two popular altcoins, so you can see at the same time (November 1st 2017) many altcoins started massive bull trends at the point of the BTC.D Sell off.
If you found this idea informative, or have any questions dont forget to like & comment thank you traders!!
Trillions IndustryThis Industry is about to catch a part of the fiat supply.
Some of the wealthier person in the world buying big chunk of $at.
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Billions and Billions and Billions and Billions Billions and Billions and Billions and Billions ... www.youtube.com
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To bitcoin
Total Crypto Marketcap to reach 420B by end of 2020Fib extension + AB=CD harmonic and historical resistance all align right around the big friendly number: 420B
Could there be anything more crypto?
Total Crypto Market Cap vs a Kilogram of SilverBig Pennant Forming... Will we break out?
So many people are bullish on metals... will they ignore other opportunities presented to them?
Or will total crypto market cap crash hard and fast in favor of 'real' assets?
Manage your own risk
Much Love
GL HF
xoxo
Snoop
TOTAL2 - Altcoins Update, filling the gap and continue the trendThere are several factors who come into play here and why this chart is most definitely going to remain bearish:
People may need to secure their last money and cash out their altcoins in these difficult times
We took resistance from the breakout triangle (that's my view of the triangle, you may draw it differently)
I drew two red curved lines, the thicker line seems more probable to me, based on overall sentiment and other markets
All in all, a devaluation of the altcoins is FAIR! Why? Because none of them solves a real world problem at the moment. Will it do so in a few years? Probably some, yes.
I don't see a reversal signal for altcoins at the moment.
Thumbs up and share if you like my analysis!
Happy Trading!
Total Cryptocap doesn't lieMay try to form a heads and shoulder, may drop from here. Clearer picture than the BTC chart.
If BTC falls and BTC dominance continues to increase, it will kill the Alts. Maybe the 90% culling of Alts is this year.
why cryptocap Index has bearish Trend totally ?according to
1- Fibo level
2- and high resistance in given Fibo Level
the trend is bearing.
ALTS ARE GOING TO EXPLODEThis is not a drill, repeat not a drill altcoin season is about to start, when this monthly resistance is broken be prepared for insane gains. This aligns perfectly with the BTC.D chart 2020 your wildest dreams will come true.
Crypto Total Market Cap Exclude BTC (TOTAL2)Beyond the 67.6148 point, it confirms the transfer of funds.
This week's flow may indicate whether the price will stay above the 67.6148 point and rise above the downtrend line.
Since the funds did not increase exponentially, they can fall below the 67.6148 point at any time.
I expect funds to go well and rise above the downtrend line.
TOTAL2's own inflection date is around November 21.
XRP Dominance (XRP.D)XRP's dominance is again challenging the 5.99 point, which is considered a sign of the uptrend.
It is expected to touch 200MA soon.
XRP's dominance would have to rise above 8.04 to get to the Alt bull market.
Market Cap USDT Dominance (USDT.D)As of October 6th, MACD has been reversed, showing a declining moisturizing effect.
Touching Ichimoku's baseline and rising, touching 20MA again and falling.
This is expected to continue and eventually fall below Ichimoku's baseline.
USDT should maintain its dominance by dropping 1.7 points, and if the price falls below 1.43, then it is expected to gain momentum.
Bitcoin Dominance Update ( BTC.D) i uploaded chart on my channel on sep 18
and now bitcoin is following the chart perfect let's fuck this support and go down we need alts party
Crypto Total Market Cap Exclude BTC (TOTAL2)This is a chart of funds of the entire coin market after minus BTC.
Touch the light blue uptrend line and it is rising.
The day when the downtrend line and the uptrend line meet is around December 4, 2019.
I think it's a chart that tells if the movement of funds is moving from BTC to Alt.
We hope to climb beyond 67.614B to form the basis for the Alt bull market.
Let's see what happens with the transfer of funds on the upcoming BTC inflection day.
Market Cap BTC Dominace (BTC.D)The dominance of BTC is slowly falling.
A decrease in BTC's dominance does not necessarily mean that BTC's price falls.
When the dominance of BTC falls, we need to see where the money goes.
Funds should not move to stablecoins, but should move to altcoins to start the bull market everyone wanted.
BTC's dominance should fall and Alt's dominance will rise until new money comes into the coin market.
Crypto Total Market Cap $ (Total)The funds of the whole coin market touched the light blue upward trend line.
In addition, the 20MA diagram was touched.
We may see if we will cross the uptrend line around October 15, the first inflection day.
Market Cap ETH Dominance (ETH.D)ETH's dominance is rising above the margin line.
Hopefully, it will be well funded and rise to 10.99, leading to the alt rally.
Crypto Total Market Cap (Total)This is the total flow of funds in the coin market.
We should see if there will be a change in the flow of funds around October 15.
Market Cap USDT Dominance (USDT.D)There is a lot of funds in USDT at present.
The direction of the coin market will change depending on where this fund moves.
As USDT dominance falls below 1.7, the coin market is expected to move.
I just hope USDT will not update the maximum price.
Market Cap XRP Dominance (XRP.D)Like XRP chart, XRP Dominance chart is rising.
It is hard to say that XRP's dominance has temporarily increased due to BTC price drops.
After touching the light blue upward trend line, it shows the upward trend and is expected to reach 5.99, the first transition point.
I think the upward trend is from 8.04 and above.
Market Cap ETH Dominance (ETH.D)Dominance is expected to remain above 9.30 and maintain an upward trend above 10.99.
