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2014 Fractal Market Cap signaling near or at bottom*** PLEASE VIEW IMAGE BELOW AS THIS IS WHAT THE WRITE UP IS REFERENCING *** serving.photos.photobox.com 2014: 2018: We can no longer view BTC as the main source of a fractal from the 2014 crash because there are so many alts now that make up a bigger % of the market cap. Thankfully we are able to use other charting services who provide total market cap and from there are able to see uncanny results of a fractal. Shown in the attached photo below you can see the numeric points identifying the fractal set up and that we are in final capitulation. Let it be known that if we are seeing final capitulation this week then the cycle is moving about 21% faster vs. 2014 as we will achieve a bottom in ~ 320-330 days vs. 410 in 2014 from Market cap high to low. What comes after from 2014? 8 Months of ranging markets, where we see high lows being made an the bull run starting in about 260 days after the low (roughly 8-9 months). If we are moving 20% faster this should account for about 205 days/ ~ 7 months or Mid July. These are just fractal predictions, as the market could move a lot faster or slower. My guess would be faster as we see on boarding of making cryptocurrrency easily invest-able for the retail investors. The final question here is how deep will this capitulation go before we get relief? If we round out I'm forecasting a move back to $4600 or a tag of .618 (.382 if you place fib 0 to 1 upright). I believe most of the alts will be the increase in market cap where as BTC will only be about 20% of that increase. If you are interested in more updates like this and trading opportunities please contact me as I run a group called Surge Trading. We cover every alt on binance and the majors. Thanks for looking.
COINBASE:BTCUSDLong
by mythrin
TRON Could Be One of The Most Profitable Cryptos (Elliott Wave)Tron is in a very complex symmetrical pattern. There exists 3 differences in price, and 1 difference in time between adjacent waves. This fits within the rules for a symmetrical and also lines up nicely with the end of the more clear symmetrical that has formed on Bitcoin. Because the major trends are usually correlated we've likely found a bottom here and will start trending up at a similar rate as what we saw in December. This means that Tron could easily be one of the most profitable coins over the next year. The mostly unfounded hate towards this coin from the media, and the perception that it was a "pump and dump," and the meteoric decline, have sufficiently shaken the weak hands from the market. This coin is fundamentally very sound. The leadership team is top of the line, and has already begun securing major partnerships and acquisitions. The Peiwo social media platform that is going to integrate Tron has already received an official endorsement from the Chinese government, allowing them special access to funding and resources from the government. The founder, Justin Sun, is the protege of Jack Ma, the found of Alibaba, and a partnership is likely on the horizon. There are also many other companies that are interested in working with Tron and will likely be announced over the next year. Tron may end up being one of the few cryptos aloud in China. Tron can handle up to 10000 TPS on the first layer, vs, BTC 8 TPS, and ETH 16 TPS. The Tron virtual machine is also more developer friendly than ETH, and Tron has already started to gain a large development community. Tron is also significantly faster than BTC and ETH, with block times of 15 seconds. The scaling issue is going to affect BTC very hard over the next year, and it will create a significant drag on the price of BTC while many people choose to use alternative cryptocurrencies that will likely end up being much larger than BTC in market capitalization. Also for the people that always say "but trillion dollar market caps!!!!!1!" it does not matter. It will never matter. Crypto is going to take over real fiat currency, and cause major deflationary pressures on most other assets once it becomes the main form of money. People will actually start SAVING money again, because money will be deflationary crypto, instead of shitty inflationary fiat currency that rapidly loses value, and the market capitalizations that are priced in dollars will eventually reach completely unthinkable levels because the dollar will be nearly worthless compared to today, because almost nobody will be using it anymore in 10+ years. Compared to most cryptos, the dollar has extremely restricted use cases, and we will easily see top cryptos over taking the dollar in market capitalization (20T+) over the next few years.
BINANCE:TRXUSDLong
by Intuit
49
ETHBTC LongHit bottom of trading range; not perfect but definitely a kind of head and shoulders pattern formed; RSI/OBV already broken out of resistance and now resistance should turn to support; total crypto market cap has been steadily increasing and we have seen a local peak in BTC dominance, the combination of the two is typically a buy indicator for alt coins. Don't trade ALTBTC pairs without watching BTC movements and BTC dominance (can be seen on coinmarketcap) .072 must be broken then targets are .075; .077; .08
Long
by actavis89
Why panic sell? You didn't sell your house in the 2008 crash.As always I like to look at things in no smaller than six month time frames. The longer the better in general. I even remember 20 something odd years ago when an investment instructor told me that "if you're investing you shouldn't be looking at a time frame of less than 5 years." Let's apply this to our general way of thinking. When the housing market bubble burst people didn't run out and sell their homes. They either stopped paying because they lost their job or they held on and their diligence paid off when the market recovered. Now let me introduce to you a simple story. A macro type of story, but it applies to almost anything. When we go to buy a product, whether it's produce from the supermarket or a car off the lot, we look for the best deal possible. Why people in general don't adopt this policy in investing we may never know. The story goes like this... A lady sees a dress for sale. The sticker price is usually $500 but today it's 50% off. No one in their right mind would say that it decreased in value so I'll wait till it goes back up. So she buys the dress when it's on sale and tells her husband how much money they made. I mean saved. Now, this should not be equated to short-selling. That's a different animal all together. Now a third point. The GDP of Japan is almost 5 trillion dollars. That's not an insignificant number. Japan has recognized BTC as an official currency and form of payment and there are about 30 countries total where bitcoin is completely unrestricted and just waiting for greater adoption. People seem very wrapped around the idea of institutional money coming into the market recently and while there is nothing wrong with this I don't think it's going to be as big as people think. I also believe institutional money is already there in larger quantities than most people care to consider because: 1. Nothing stopped institutions from buying coins and holding them in reserve years ago. 2. There was no reason for them to inform the public of this if they wanted better positions. 3. This has happened before with Apple, Tesla, Google, and other investments where the public was completely unaware of the moves. But let's get back to Japan. Five trillion USD, not Yen. Let's take 1 percent of that. That leaves us with 50,000,000,000. That's fifty billion that could be put into circulation in BTC and "IS" gradually happening. Now let's look at Korea's GDP. 1.4 trillion. Again 1% comes to 14,000,000,000. That's 14 billion. You can see how things add up really quickly. Now, let's take a look at the U.S. - 18.5 trillion, Germany - 3.5 trillion, and Canada 1.5 trillion. Add these five countries together and we get 29.9 trillion or 29.9x10^12. 1% of this is 2.99x10^11. What does that look like with zeros? $299,000,000,000. Okay, so I admit I hit that number by luck because it is just about the number that coinmarketcap.com claims is the total market cap for all crypto-currencies. But I also hope that puts things in perspective. Because the price fluctuates by orders of magnitude, we can actually assume that there isn't this much money in the market yet. If there was we would probably be looking at double the current market cap. In 2016 the global GDP was around 75.4 trillion. You know the story now. If one percent of that was circulated in crypto-currencies, not even bitcoin alone, where would that put us? So the actual end story should sound something like this... Bitcoin was created and the value went up, the amount of fiat in circulation went down, the rate of adoption went up, the fiat exponentially went down in use, BTC's value went exponentially up, and early adopters still got rich even when they bought and HODL'd at $19k in 2017. Now this is very simplified and there will be massive dips because people will get too excited, but these are very real numbers. Hope this helps.
COINBASE:BTCUSD
by whiprush3
Cryptocurrency: Marketcap vs ValueToday I would like to discuss marketcap and how it's played a huge role in pumping cryptocurrencies and accelerating their value assessment. Value is usually assigned as a function of supply and demand and is hopefully tempered by the utility and function of the item being assessed. With the advent of crypto like bitcoin and lesser known alts like verge websites like coinmarketcap.com have begun to emerge. These sites rank crypto by marketcap which in and of itself says nothing about that coin besides the fact that someone purchased it for a particular price and now we've taken that price and extrapolated it to all existing coins. However, I feel it has the psychological effect of convincing people of the value of a coin and a rank as to which coins are better than others purely based on marketcap and nothing more. Let's look at why this isn't necessarily a good thing and what other factors can be looked at to determine a cryptocurrencie's true value. Say I want to sell a share of a company. I sell 10% of my company for $1000. Is my company now really worth $10,000? Most people would pause and think and consider what my company does, who contributes to it's operation, the business plan, and many other factors before jumping to a conclusion. The same should be done in crypto. An easy way to asses this right out of the gate is to look at daily trading volume, transaction volume within the coin itself, developer activity of the main software on github or the coin's own website, and social network activity and general enthusiasm about the usefulness of the coin. Reading the project's whitepaper can also shed light on the aims of the creators and give you an idea whether the project is too ambitious or right on track and whether the founders have realistic goals or the ability to reign in goals that are too lofty. Another way is to look at sites that aggregate these rankings in a quantifiable way. Coingecko.com does a descent job of this for a quick overview, but it is important not to rely on one source. There are numerous articles on what happened to the price of bitcoin when the creator of coinmarketcap.com decided, on a whim, to remove South Korean exchanges from his marketcap calculations. The marketcap of many coins, including bitcoin, on that site dropped and it caused a huge sell off which was a great discount to those paying attention to multiple sites or those doing arbitrage trading. So with all of this going on and unreliable information everywhere how do we make a value judgement? What is the real value of bitcoin? No one seems to be able to answer this simple question with a number. This probably stems from the fact that it's not completely quantifiable. When I think of the value of bitcoin I don't think of a number. I think of the uses it will have in the future and I look at what markets it could possibly replace and the likelihood of it replacing those things in the near future. Many people in the world want to change things for the better and I think bitcoin has that potential. The ability to settle payments across borders and use the internet as a means of freedom from oppressive governments and freedom of trade is a huge utility in bitcoin's favor. The fact that it is well known and still operates today after surviving on the internet for over 8 years goes a long way to secure it's value. Bitcoin and cryptocurrency make traditional forms of currency obsolete and I do not think it is overzealous to expect them to replace traditional money eventually. Will bitcoin take that place or will some other crypto pop up and replace bitcoin. It's hard to say. As of right now brand recognition, the ability to upgrade itself, it's strong developer following, and second layer solutions like the lightning network have bitcoin way out in the lead. What is the value of a world currency to you? What is the value of being able to transact with anyone anywhere in the world even if your countries government collapses?
BITFINEX:BTCUSD
by dsap4004
[BTC-USD] TOTAL MARKET CAP EXPLOSION! HURRICANE INCOMING!Oh gosh! I am just shocked at how the FOMO in BTC and other crypto's like Bitcoin Cash is setting in and responding. What I love is the HUGE INCOMING TOTAL VOLUME that is happening in total right now. Not just in BTC. Its freakin KRAZY! yes with a dam K! Lol.. Well, to sum it all up, we have had 86.4 BILLION arrive in just 9 days! YES 9 DAYS ONLY! Are we finally gonna hit the trillion dollar mark before winter starts in November of 2018?? Well, if it keeps going on like this it will! There are two ways we can look at what is happening right now! Are you bullish and want to get into the FOMO, or are you leery like me with tons of suspicion this bitcoin market will tank even faster than what you have seen in the last 15 days! Listen! lets be for real here! Its been 12 whole days without a healthy correction now, and many of us are still waiting for it! When is that gonna happen? When are the bulls finally going to get exhausted from this marathon they keep running? Ans: I HAVE NO FREAKIN CLUE OR IDEA! lol Moreover, I've been killing it with Bitcoin Cash! like I said in my video, why are some of you even bothering with BTC at this exact moment, when you could've been getting wealthier with Bitcoin Cash specifically these last 7 days from the post of this video. Always pay attention to what is happening to other coins and not just BTC. Be adaptive and versatile like they taught me in the Marines. Become part of your environment and dominate you landscape. Go with the trend, despite your emotions and beliefs. Let the charts tell you what to do! Don't follow your gut as the old saying goes, follow your own TA! But most important than technical analysis is to interpret the market SENTIMENT AND VOLUME! THE TREND!~ If you enjoyed this video, then stay tuned for my other awesome videos. I have a strong 83% win ratio while day trading! I'm in and out before the market turns on me! If you wanna to learn what I do, then follow me and hit the like button and show your support. If I get 20 likes I will update this video, otherwise I will continue to make more money without your support. (Lol) PS: This is not financial advise, this is for educational purposes. You must have your own risk management plan and do your own TA, don't follow the sheep! Most of them are wrong anyway! Thanks, CryptoBuzzAnalyst
COINBASE:BTCUSDLong
by CryptoBuzzAnalyst
2
BCH Pushing too Hard - its Hammer Time and Volatility CityZooming in on a 5m chart shows that we are still pushing that red line, however we've got enough volatility to keep this run going. We did see that BART formation, but it was quickly resolved as the bulls continue to flip BTC into BCH. Looking on various off-site charts, we can actually see that BTC is losing its dominance of the crypto market while BCH is staying constant if not growing, and the alt coin "other" category is increasing quite quickly. The ratio of BTC->BCH is still higher than BCH->BTC. The overall market capital of both has increased significantly though, giving the BTC->BCH valuation an extra boost. Lots and lots of hammers showing that the bulls are trying and succeeding to push the price up. Every close below the last is either a dragonfly doji or a hammer. Good news for those looking to get in still, there is no signs of a stall beyond the slight volatility - i.e. those leaving the market are being replaced just as quickly by new bulls. Volume looks more green than red, and there are constant sizes showing that we've not got an over-push. RVI looks good, and the V.I.(+) seems to be bouncing every time we see the V.I(-) start to creep up. I am not suggesting anything, I am just stating what I see. This is not trade advice and I can not tell you what to buy, this is just a hobby for me. I am not an adviser, so do not take what I say as advice, just observations and opinions.
BLong
by BTCStrategies
5
Follow this Chart! Put your mind at ease.....Everyone has been patiently waiting for what was to always come. Here I will explain the inevitable position of BTC. Where is the bounce is the biggest question clearly there are a lot of people waiting for an entry on a short position, you need to know this. Currently the market cap is down to $290 Billion dollars, just 1 week ago when I posted we were at $350 billion dollars. We are down form $850 billion dollars, we expect this money to come back to the market and when this happens we will see a retirement bull run as we are all prepared. Bitcoin had a market dominance of 42% just a week ago now its up to 45% so billions this doesn't mean people are buying BTC and it's getting stronger it just displays the money that it falling out of the market is also on other alt coins such as ETH, LTC etc which you all have trending own and money are falling out of them coins faster then the BTC making Bitcoin more dominant in the market. So all this shows is bitcoin is a choose of hold over other Alts.... you already knew that didn't you. A lot of people see the above as a sign of strength for the Bitcoin and it is in the sense of holding merit in the fact its the most dominant coin but as for it showing the BTC turning we aren't seeing any more daily volume we are still seeing less, its still being sold faster then its bought. Swing traders are aiding our fall and slowing the process of reaching areas we need to bounce. We want the BTC down into a buyers market because at this point we will see money pour into Crypto market overall, the week we see the market cap lifting is the day we can expect to go into consolidation and be ready to go back into a bullzone.. Some people were posting crypto is ending its all over, what a joke that is......... still to this day crypto is a 290 Billion dollar market, all we are seeing is a correction. If you jump to a daily chart on BTC with a 200SMA (200 day) you will see the underlying trend of BTC is still upward and its never changed, on the weekly chart we have never entered an oversold region. Below is the weekly chart BTC has been rallying since September 2015, we haven't crossed below 45 on the RSI since then, I think this can be used as a good indicator on the market for our bounce the RSI is running at 46 now and you will see its become level when we touch around 45 we will see a bounce it won't make it into a bearish zone. We have a bounce coming up and I believe it will be on 1 of the blue targets, however you wouldn't enter on these until we see a bounce, watch the 24 hour volume of BTC to confirm volume is there to support the bounce. Don't base it off the 1H candles or something like you might, as for all you know Donald Trump is just having a play on BTC you need real confirmation to enter the market. Unless your swing trading then these small bounces can be great. Your long holds expect them to be king down 10% per week there are only a few coins that aren't, the market is dropping 10% per week so quite common for coins to do this. I want you to see in related articles a couple of charts I have done recently that will support the above with timelines. I think within the next 7 days we will now see the bounce we have all been waiting for as on the weekly the BTC is getting tired and the $600 billion dollars that has been pulled out of crypto will be itching to get that money to work again. Target 1 keep in mind is the .786 fib so this may be the level but lets see. I will add further targets on this chart if its required I will be watching at the moment first target is the blue line this may take time as we do have small buys coming in at the 7500 region expect to bounce a while. Cash Is King! Lets make plenty of it.
BITFINEX:BTCUSDShort
by Cash-is-King
30
The future of cryptocurrencyHello everybody, It is a rough week for everyone involved in the crypto world, but I can see light at the end of the tunnel. Here is my prediction for what will happen with the cryptocurrency market (I'm using the BTCUSD chart since I think BTC is still the backbone of the entire crypto market, if BTC falls down, so will the rest...): Before BTC brokeout (december 2017) it was having a bullish run inside of a channel. The price went up with +100% with an ATH of 20k'ish, in just one month. BTC (and the whole market) was ready or a correction now. We only needed some bad news; which we got! Several countries wanting to ban crypto trading, exchanges being hacked, Warren Buffet spreading some FUD etc... So where are we now: BTC dove under 10000usd and total market cap is 425billion. Technical analysis: BTC just entered its old channel and it's headed to a very strong support area. This support area is between 8300usd and 8900usd. After this BTC will start to grow again in its old channel. (I see a bright future for BTC and altcoins. The best indicator for the future is the past; that would mean that in about 4 months, BTC will breakout again. So be patient...) My advice: - Are you holding? Don't sell. - Buy-in at support area - Be patient Questions?/What do you think? Mark
COINBASE:BTCUSDLong
by MarkH99
7
Crypto Market Cap bottoms just under $420 BillionTotal crypto market cap found support Jan 17th just under $420 Billion. Approximately the same amount the market found support the last "crash" on December 22nd. The red circles mark these events. A larger trend I'm paying attention to is the dwindling Bitcoin dominance of the cryptocurrency market. I believe the whole market is still in a bull trend while Bitcoin is in a bear trend. Better awareness of alt-coins and their faster, cheaper technology may topple the king. Hurdles are first-mover advantage and name recognition, and most large exchanges' base currency being BTC.
COINBASE:BTCUSD
by tuckerrk