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Altcoin Market Cap in BTC - Long-Term ViewLet me just start by saying that I do realize that my methods are quite unorthodox, but I'm sure you'll find them convincing nonetheless. Thank you for reading, and please show your support by hitting the "Like" / "Follow" button now. The chart you're seeing here is the market cap of all altcoins combined in BTC (not USD). The formula used is TOTAL2/BTCUSD. It is my opinion that looking at it in USD just taints one's view, and it's very difficult to draw conclusions from that data. As you can see here, the data is very clean, reliable, and tells a really good story. In this weekly chart, you can see that the altcoin market established a support in Feb 2017 (lower yellow line), which it has not broken till date. It then established another support during the crypto Christmas of Dec '17 (upper yellow line), which was tested in May '19, and broken in June '19. So we're back to our original support, which has now been tested 3 times, and held. There are also two resistance lines shown (in blue). Our solid support helped break the first resistance line in Jan '20, and we are at this moment getting squeezed between the solid support and the next resistance line. You'll also notice that the 50 Week EMA (orange line) is forming a confluence with the resistance line overhead, which has historically also acted as a support/resistance. Another thing to look at is the Volume Flow Indicator (VFI) at the bottom of the screen, which I believe is indicating a bullish divergence in the weekly timeframe. If you want to know why I'm looking at this indicator, see my tutorial linked below. When I think of all these factors combined: strong support underneath, 50 Week EMA overhead that has been pierced twice recently, and squeeze between support and resistance, combined with the fact that the support didn't break even during the COVID crash, and the general positive energy in the altcoin market right now, I can't help but feel bullish about the altcoin market. The squeeze seems to be terminating in the third week of July, so I think we will have a decision by then. The wildcard is the impending potential stock market crash, but seeing as the last crash (Mar '20) actually gave the altcoin market a pump, I'm not worried about that at all. Keep in mind though that I'm talking about prices in BTC, not USD, so if you're trading altcoins in USD then you have to take the price of BTC in USD into account... forewarned is forearmed. This is my idea on how the altcoin market might behave in the coming weeks. If you find it helpful, please Like the idea. Also would be great to Follow me so you can be notified of my future ideas. Do you agree or disagree with me? Do you have any feedback? Let me know in the comments. Disclaimer No Investment Advice Provided Any opinions, chats, messages, news, research, analyses, prices, or other information contained in this Post/Idea or in connection with it are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice. This Post/Idea should not be relied upon as a substitute for extensive independent market research before making your actual trading decisions. Opinions, market data, recommendations or any other content is subject to change at any time without notice. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information. I do not recommend the use of technical analysis as a sole means of trading decisions. I do not recommend making hurried trading decisions. You should always understand that PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.
CRYPTOCAP:TOTAL2Long
by kkarmayogi
GDLC - basically the market cap for crypto - GDLC - basically the market cap for crypto - It looked to be headed up but was then kicked back with the march crash. I think it it headed back there again - 7$ soon - but it has been hanging at $6. This is the last part of the market to move, first bitcoin moves pushing market cap then alt move up which moves market cap but over all the market cap of this sector will grow over time. People will jump on bitcoin or Ethereum depending on the day but either way they are contributing to the overall market cap so why not just play it safe and invest in this.
OTC:GDLCLong
by altcoinnerd
2
Ethereum is About To Change Direction! [Explanation Included]In this idea I will go into depth how to read the recent price action on Ethereum and how you can leverage psychological areas of support and resistance to your advantage. Continue reading to learn more about this! This idea is a continuation on the idea of the previous ETH/USD idea where we were going in for a short position: Since the price dropped really really quickly after posting the idea, I decided to make sure everyone is ready on what to do next. After the price will continue to drop and indeed get closer to the $200 psychological support, make sure to expect a reversal. You could trade this with a nice long position, as described in the chart. The logical place to exit the trade is close (but slightly below) to the level of $215. Follow me for consistent high quality updates, with clear explanations and charts. Please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only!
COINBASE:ETHUSDLong
by Trading-Guru
8
several technical reasons for growth 📈I forgot to mention altcoins in my Bitcoin forecast. 1.First og all, it’s worth to note that the monthly Bitcoin chart indicates a rapid growth, which means that in general the market segment will grow 2. altcoin dominance chart looks bullish too and technically we have: 1. confident rebound from a strong support zone ✔ 2. H&S pattern ✔ 3. possible pennant pattern ✔ 4. expanding formation ✔ 5. crossing MACD. so everything looks pretty bullish for low cap altcoins. 🚀 thanks for reading it, drop a like or comments and check my monthly forecast for bitcoin
CRYPTOCAP:OTHERS.DLong
by Friendtrand
1
Altcoins - Market Cap AnalysisBy taking a step back, we can see that Altcoins have been struggling since early 2018, which is at the time of the global sell-off in cryptocurrencies after the 20k $ bitcoin rally. Now, 2 years later, Alts market cap is getting close to a double support : a first one ascending since 2015 who have not been broken since then. The second one is horizontal, who was first a resistance back in July 2017 and became a support in December 2018 and again now in march 2020. We can also see a descending triangle shaped by a 2 years resistance, which is a bearish sign. Now I see two scenarios: - A breakout below the two supports would mean the Bitcoin maximalists were right and altcoins could not find enough use cases to exist at the side of Bitcoin - A breakout above the resistance, and a new altcoins cycle. What do you think?
CRYPTOCAP:TOTAL2
by cyatophilum
⚡ Don't panic! Long-term support is not broken• Now many analysts say that the long-term support line on BTC is broken. • Yes, it is on BTC, but I recommend watching support/resistance on the marketcap chart. Here we see that the price has returned to the mean — the last stage of the bubble deflation. • I expect that we still have time until the end of the summer or the beginning of autumn in order to have time to buy at a good price . When the price breaks the upper border of the channel, we will see a sharper increase, and we will not return to 6k. Good luck guys!
CRYPTOCAP:TOTALLong
by pepper_nax
1
Which of These Top Market Cap Coins Should You Trade? [In-Depth]During extreme market volatility and outside influence, doing Technical Analysis (TA) can be extremely difficult. The markets move very aligned and if you'd be trading, you'd never be trading a single coin. You are trading the market. We can look at it from a strength rank point of view, where we put all major market caps in a row, and compare how to put up against eachother over time. In this case ETH took the largest losses and BTC is currently on top, confirming it's status of the gold of cryptocurrency. During downtrends it's advisable to hold the strong coins, in this case think BTC, BCH, or XRP. But during uptrends the biggest gains could be made by weaker coins, as they have more opportunity to recover percentage wise. During those times ETH, ADA, and EOS are great candidates for trading. Follow me for consistent high quality updates, with clear explanations and charts. And please like this post to support me. - Trading Guru -------------------------------------------------------------- Disclaimer! This post does not provide financial advice. It is for educational purposes only! About the links below: 20% Discount on Binance: Did you know that Binance introduced a new system where you can get 20% discount on your fees? Find the step-by-step guide on how to add it to your account on the website of 100eyes Forex & Crypto Scanner: Nobody can keep track of all the pairs on all timeframes. This scanner works on Telegram and sends an automated message including a chart every time something happens to a coin. E.g. it can automatically detect areas of support and resistance, RSI Divergences, Fib Retracements, and more. Recent success stories:
Education
by Trading-Guru
3
Crypto Tests Positive for Corona VirusShowing the total crypto market cap chart here as there have been no cryptos safe from annihilation. First we had the sniffles and mild symptoms but now were quarantined and left to die. Bag holders may be feeling a bit grim today! If thats you then realize you decided to take some big risks - I respect you just for that - do not give up just yet! Many will sell long held bags at a loss. Your money = your responsibility! If we fail to hold a total market cap in the $160's billion range we will quickly fall another $30 billion give or take. Its worth pointing out that the $130 billion area is exactly where we were last year. If anyone who reads this is affected by this illness or someone you love is I wish you peace and prosperity in this life or the next!
CRYPTOCAP:TOTAL
by MitchMilli
BTCUSD - Why it could drop the next 6-12 monthsThere was heavy resistance on the monthly Ichimoku Cloud as the base and conversion line were at the same spot. Being rejected, there is a high probability, that the price drops and the cross of the two lines is being confirmed, a bearish signal. Furthermore we have the cloud, which is extremely narrow and therefore easy to break-through. The lagging span (green lagging line) on the left crossed the priced, which is typically a bearish sign. Falling through price with force would be more significant, but still a good signal. Not on the chart: - We closed below the 10 SMA and 21 EMA. - The weekly doesn't look good. We need to see how it closes tonight. Closing below 8750-8800 would be really bearish. - The Total2 chart for Altcoins got heavily rejected in the monthly chart with a gravestone doji. I expect at least another 30 Billion to leave the market. That being said, with or without halving I believe Bitcoin is going to have a hard year, confluencing with the current situation in the world and the struggling markets. Happy trading!
BITFINEX:BTCUSDShort
by Thierry88
5
THE Cryptocurrency HyperwaveRSI right now corresponds exactly with that of Feb 2016, just before the 16 halving. Cryptocurrencies will signify the next DOTCOM boom x70. Everything is possible, nothing is impossible. In a few years, people will come back to see this chart and gasp. Although I wish to see the future, I simply cannot. This chart is a mirror of what the next few years will look like. A complete paradigm shift. People sold their houses and cars in 2017 to buy Bitcoin. People will be selling their bodies to get into the next cryptocurrency hyperwave. Human greed will be on display like never before. Do not forget, it will all come crashing and burning at some point. Just it has always done. Just as it always will. This is how cycles work.
CRYPTOCAP:TOTAL2Long
by erjoni
LONG GLOBAL MARKETS FLOW INTO BITCOIN 2020If a black swan event is in play BTC will become the Sovereign fast safe haven for investors. The world is switching from analogue to digital so to speak. 50K could be on the cards cointelegraph.com cointelegraph.com www.cnbc.com finance.yahoo.com blockonomi.com bitcoinist.com www.youtube.com COINBASE:BTCUSD BITSTAMP:BTCUSD BITFINEX:BTCUSD BYBIT:BTCUSD GEMINI:BTCUSD BITTREX:BTCUSD FOREXCOM:BTCUSD BITBAY:BTCUSD CEXIO:BTCUSD OKCOIN:BTCUSD CURRENCYCOM:BTCUSD BITFINEX:BTCUSDSHORTS BITFINEX:BTCUSDLONGS BINANCE:BTCUSDT BITTREX:BTCUSDT POLONIEX:BTCUSDT HUOBI:BTCUSDT BINANCE:BTCUSDC COINBASE:BTCUSDC BINANCE:BTCUSDTPERP COINBASE:BTCGBP COINFLOOR:BTCGBP FOREXCOM:BTCGBP BITFINEX:BTCGBP CEXIO:BTCGBP BITBAY:BTCGBP BITFINEX:BTCGBPSHORTS BITFINEX:BTCGBPLONGS BTCCHINA:BTCCNY COINBASE:BTCEUR CRYPTOCAP:BTC OTC:GBTC BITFINEX:BTCUSDLONGS
BITFINEX:BTCUSDLong
by MaverickTrading
1