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Market Cap Analysis: BTC Dominance Rejected, Alt Season Ahead?Hello traders, In this post, we will analyze the current state of the cryptocurrency market through the lens of market cap, BTC dominance, and major indices. We will also look at the potential for an alt season, the impact of the upcoming Bitcoin halving, and which coins are outperforming BTC in the long term. Finally, we will provide a short-term perspective on the price of Bitcoin. First, let's have a look at market cap. The BTC dominance was rejected by resistance at 49% with this reverted hammer candle on week of April 23. It could mean the market cap will flow into altcoins. And, on the right chart, the RSI is oversold and getting closer to the 50 mark which is, on this 2 weeks chart, an indicator of alt season. Now, if we look at the Total market cap, we can see that it significantly grows after a bitcoin halving . The next one is just in 1 year, so be patient! It's also important to look at major indices, since they can impact the price of the crypto market. The S&P 500 is currently trading in a triangle, and seem to bounce on the top of it these last days. It could mean more action to the downside. Here is my "BTC destroyers" chart, and right now, only ETH and BNB, and maybe MATIC are outperforming bitcoin on the long term. Here is a bear's perspective on Bitcoin: I like to compare Bitcoin and Nasdaq price as they are strongly correlated. A double top is forming on Nasdaq price and could be bad news for BTC price. Now on the short term for Bitcoin: The 4 hour chart is printing a double bottom, it will be valid if price climbs back to 28 000$, the target will then be 28 880$. However the bigger trend is bearish, price currently below all moving averages, if price breaks below the bottom of last few day's range at 27 100$, next target for the bears is 26 660 given by fibonacci levels.
by cyatophilum
🔥 Stable coin Landscape Changed Drastically In 2023In this analysis I want to shed some lights on the top 3 biggest stable coins and how their relationships changed in 2023. First of all, it's natural for stable coin marketcaps to decrease during bear markets. Investors are leaving the space and exchange their stables for fiat. This is something we've seen for the better part of 2022. However, things changed in 2023. - 13th of Feb: Binance and PAXOS (the issuer of BUSD) got hit by the SEC (U.S. Securities and Exchange Commission), which led to no more BUSD being minted. In turn, this has led to BUSD holders to convert their stables to both USDT and USDC, which saw a significant up tick in their marketcap. Basically, BUSD is a dead coin at the moment and will inevitably go to a marketcap of zero. - 10th of March: USDC depegged from HKEX:1 during the depths of the banking crisis because it had funds in SVB. USDC quickly repegged, but trust has been damaged to such an extent that investors dumped their USDC and moved to USDT. In the end, I think that USDT is the big 'winner' of the stables. It was the first, the biggest and apparently the safest. In my eyes, there's little reason to have any other stable than USDT, since it has clearly shown resilience over other big stables. In addition, I think that the market will gradually move towards having only 1 stable coin, it being USDT. What is your preferred stable coin, and why? Share your thoughts 🙏
GLASSNODE:BUSD_SUPPLYLong
by FieryTrading
7
The more liquidity, the more fuel BTC has to go upUSDT has been gaining more and more MarketCap and this liquidity is clearly helping BTC to continue performing. See that last move as the correlation is close. A lot of USDT entering the market. This means that it will be very difficult to stop BITCOIN. As long as this liquidity is present in the market, BITCOIN will continue to capture it and continue its parabolic rise. It's printed money that generates inflation being used to buy a deflationary asset, funny but it's real You are taking advantage of the pullbacks to buy. 🔴Disclaimer: The comments above reflect solely and exclusively my opinion, this is not a recommendation to buy or sell. Just a series of published studies, so that together with the community we can discuss tactics and operational techniques.
Long
by leandrosander_
Total CapThe crypto market has seen tremendous growth in recent years, with an increasing number of individuals and businesses adopting cryptocurrencies as a viable alternative to traditional fiat currencies. This has led to a surge in demand for blockchain technology, as it provides the foundation for cryptocurrencies and enables secure and transparent transactions. One of the most promising applications of blockchain technology is in the field of decentralized finance (DeFi). DeFi is a financial system that is built on blockchain technology and is designed to provide users with greater financial autonomy and control. It enables users to access financial services without the need for intermediaries such as banks, and allows them to trade, borrow, and lend cryptocurrencies in a decentralized and secure manner. Moreover, the integration of artificial intelligence (AI) in the crypto industry is also on the rise. AI has the ability to process vast amounts of data quickly and accurately, and can be used to analyze market trends and make predictions about future market movements. This has the potential to revolutionize the way people invest in cryptocurrencies, enabling them to make more informed decisions and ultimately generate higher returns. Furthermore, the adoption of AI in the crypto industry has also led to the development of more sophisticated trading algorithms that can execute trades automatically based on predefined criteria. This has led to increased efficiency and accuracy in trading, as well as a reduction in the risk of human error. In conclusion, the expansion of the crypto market, the adoption of AI by the industry, and the advantages of DeFi are all exciting developments that have the potential to transform the way we think about finance and investing. With continued investment and development, we can look forward to a future where cryptocurrencies and blockchain technology play a central role in shaping the financial landscape, and where DeFi and AI enable greater financial autonomy and control for users all over the world.
CRYPTOCAP:TOTALLong
by SophiaAnderson
why DCA is the best strategy for trading?Today I’ll be talking about what is Dollar Cost Averaging (DCA) and how is it used in trading. i will also shine a light on what importance it holds What is dollar-cost averaging (DCA): It is an investment strategy in which you invest a fixed small amount of money at regular intervals. This allows you to take benefit of a market bearish without risking excess funds Allowing you to keep up with greater liquidity and take benefit of market bullish. let's show that with examle : Let's imagine that there is a person called Cecilion and he invests in filusdt with a fixed amount of $ 20 every month. let's imagine the price of that currency in March was $ 5 Then Cecilion will have 4 pieces of filusdt in March. And in April, the value of filusdt fell to $4, and Cecilion bought it for the same amount ($20) to have 4 + 5 = 9 pieces of filusdt in april. And in May, the value of filusdt fell again to $2, and Cecilion bought it for the same $20 , so that he owned 4+5+10 = 19 pieces of filusdt in May. And in the following month, the price of filusdt raise to $10, and Cecilion bought it for the same $20, so that he owned 4+5+10+2=21 pieces of filusdt in June. let's do some math to show the efficiency of this strategy: - Cecilion invested $80 in 4 months and owned 21 pieces of filusdt to be The average purchase price is 80/21 = $3.8 - Let's imagine that Cecilion did not use this strategy and bought filusdt for $80 at once in March when its price was $5 Then a cecilion would have 80/5 = only 16 pieces of filusdt instead of 21 pieces. hope this article was useful to you and appreciated ur support with likes , comment and follow for more.🎯
Education
by ceciliones
23
MAJOR DROP JANUARY 2023 Crypto MARKET CAP 400 BILLIONHello, the Crypto Market cap is due to shed 50% or more in the beginning part of 2023 with a quick recovery after Q1 into Q2. At this moment the macros agree that we have one last leg down until the main BEAR MARKET dip which I estimate will be in January 2023. If you're longing here, you'll be in profit summer 2023 but if you're waiting to long then its good to wait. Every price from this post will cut in over 50% all cryptos within the month. This will align with the attached BITCOIN 2023 DIP CHART. TARGET MARKET CAP BUY IN AT 350 BILLION - 400 BILLION ENJOY and good luck!
CRYPTOCAP:TOTAL
by CryptoToTheFuture
3
📈 Total Crypto Market Cap. Better Than ExpectedI was expecting to see a strong drop, a retrace right after the market grew by more than 300B... This didn't happen. The TOTAL Index chart is looking better than expected. We know this one and BTCUSD are quite similar which is normal of course, since Bitcoin is the biggest crypto and thus drives the market to follow whatever it does. MA200 has been tested as support and it holds. This is good news as it can open the door for additional growth. We have a bullish cross of EMA10 and MA200, this is amazing news as it can push everything higher up. The RSI as it is, support another rise in price. If there is any kind of bearish action, it should be fast but short-lived. At most, it would be some sort of shakeout because the bulls are fully ahead... There is really nobody to sell, sellers are exhausted and that is why consolidation is taken place. No weak hands left? Then crypto can move ahead. Namaste.
CRYPTOCAP:TOTALLong
by AlanSantana
3
CRYPTOCAP - Time for a correctionHello everyone, Crypto markets have recovered large portions of losses made since early Nov. BTC is trading above the 200D SMA, along with the crypto market cap, indicating a bullish sentiment. I don't think it's time to FOMO yet though. Despite BTC making somewhat of a higher high on longer TF, the total crypto market has yet to follow, indicating weakness. A view from a lower time frame, the total crypto market cap has rejected 950B resistance zone. Current formation seems to be a descending triangle, indicating the build up of short interest at this key zone. The local support zone is 920, 200 D SMA (900), and 100 D SMA (835). Let me know what you think.
CRYPTOCAP:TOTALShort
by UnknownUnicorn11898468
1
📈 Use The Retrace To Buy-in, Rebuy And Reload (Total-Crypto)After a strong breakout... After a strong waves... After an impulse... It is 100% normal to have corrections and retraces. If you missed out, this is a great opportunity to buy-in. If you are already positioned and secured some profits, this will be a great opportunity to rebuy and reload. Remember to plan and do your own research of course. Remember to set a stop-loss, etc. You are responsible for your own actions... This is my view and opinion based on experience and what I see coming from the charts. I hope you find this information useful. Previous trade idea | 29-Dec-2022
 📈 Cryptocurrency Market Capitalization Likely Grow 200 Billion 
 Namaste.
CRYPTOCAP:TOTALLong
by AlanSantana
2
Is Ethereum going to dethrone the king!?This is the million dollar question. This has been a topic thrown around from time to time. Will Ethereum pass Bitcoin, Blah Blah blah. This is the first time I feel there is any evidence towards it. Let's take a look, as do believe that this could happen either before the next bull run or during the next bull run. Ethereum for the time is showing strength against Bitcoin in a bear market. We can clearly see it here in the Market caps of ETH and BTC as there is a clear divergence that has been made. ETH came close before in in 2018 at it's peak of the bull run. Ultimately in the bear market the gap of ETH market cap widened as it corrected much harder. Even with this divergence the gap percentage in 2018 was smaller than now but ETH has never shown us divergence against bitcoin. ETH along with every other altcoin has shown weakness and has fallen off drastically against BTC in bear markets, so this divergence is strange to say the least. What will it ultimately lead to? We don't know, but if it keeps up, it will eventually dethrone the king. It could just be signs of an alt-season that could be brewing. we don't know, time will tell us. One thing is for sure, there have been a few first times in the last two years and this is just another for the list. The crypto market is changing and growing while showing some different dynamics in my opinion. The indicator below shows ETH Volatility. The thing of importance is that the volatility has kept going up while the market cap of ETH has reversed course and has begun rising and showing strength while bitcoin's market cap fell more. Another thing to note is that this divergence started before the FTX collapse but even after it amongst all the fear ETH has stayed the course and it actually confirmed this trend and strength because of it. I have gone long with the chart as I do believe this trend will continue at least for the short to medium term. Please let me know your opinion down below. Let's see what people are thinking on this subject. Kind Regards WeAreSat0shi Stay Blessed!
CRYPTOCAP:ETHLong
by WeAreSat0shi
1
📈 Am I The Only One Getting Excited?Is it me or people are really, really negative about crypto while the market is totally recovering? It seems as if we are hitting new lows yet bitcoin is breaking up, the altcoins are moving up and even the stock market is moving up... Am I the only one feeling positive or certain that this is not a "fake" breakout? - If you know this is the real move, let me know in the comments... - If you are still in a bad-mood, please, also let us know. The cryptocurrency market is about to have the biggest, strongest bullish wave in years. Stronger than the mid-2022 dead cat bounce. Stronger than early 2022... So the biggest wave in years... Let's enjoy it because we don't know for how long this will go. --- Thanks for taking the time to read. I appreciate all the people that take the time to comment. It is my pleasure to write these trade ideas for you. My wish is that you enjoy the content, you feel entertained and if you are getting started, you also learn a few tips/tricks... Oh and of course, if you are a trader... It is my wish that you maximize profits, bear or bull, that you are blessed with the right calls, the best decisions, peace of mind, joy, entertainment while trading and tons of success. Thanks a lot for the support. Namaste.
CRYPTOCAP:TOTALLong
by AlanSantana
14
📈 TOTAL Market TurnsThe TOTAL Cryptocurrency market capitalization managed to move above the 2022 June low. This low stands at 762B and we are currently trading at 779B. While there hasn't been much action lately think about this... We have more than 6.5 long months of consolidation, exactly what is necessary for capitalization to increase. In the past, while we were hitting new lows... This would happen frequently, over and over, no stop. The drop from November was ferocious and strong. The fact that we've been going sideways for so long is an indication that the next move is more likely to go up... We have many other bullish signals. Back in July, August the bulls where still all happy and strong... The bulls are demoralized now, weak, defeated... They have given up. Once this happens... The total market turns. Namaste.
CRYPTOCAP:TOTALLong
by AlanSantana
TOTAL3: SOON A BOUNCE IS EXPECTED.Hello guys, today I am sharing a chart on Total3. It is the total market cap excluding BTC & ETH. I am using 2 days timeframe for a better and clear picture. The Total3 has drastically fallen -28% from the last November 2022. The price got settled at the low of $298.176B forming a lower supporting trendline at around $300B. With the current price holding at $318.6B and the recent scenario in the market, the $300B support level seems quite strong and soon a bounce back is expected. Until and unless, Total3 holds the lower supporting trendline, the expectation for a bounce back will still continue. Key Points: 1. Support level: $300B. 2. Invalidation point: Price below $300B. 3. Bounce back range: $370B. That's it from my end. More updates on this in the coming days. Trade safely.
CRYPTOCAP:TOTAL3Long
by Dexter_The_Trader
2