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Marketdominance

Bitcoin: Long-term analysis & major levels to watch - PART 2So where to now for BTC? In my previous post I explained that BTC had hit a major Primeval Fib (2207 level fib), which had thrown it sideways for a couple of months. While it is entirely possible that BTC could fall back again (e.g. to US$58k support zone) or even further, I think this is relatively unlikely. The chart is bullish in my opinion and I think the white fib in this chart is a reasonable target at ~$82k. I would expect some sideways action to follow that, with possibly a drop to the 2207 Primeval Fib at ~US$70.5k. But even if this is the result, that doesn't exclude the possibility of a proper push up to US$84k, which is marked by another old Fib (see previous post). I hate looking far into the future as charts ALWAYS develop different to what we expect, but my "cross-fingers & closed-eyes Ultimate Best Case" scenario for 2024 is to see price action hit the next Primeval Fib (the 3571 level fib) at US$114k. If that happens consider stepping out for a while! I think a short to medium term bullish scenario (3 month timeframe) is supported by the BTC.D chart - which charts BTC market dominance (first chart below). This chart shows BTC dominance levelling off, which makes me think ALT coins are going to outperform. As we know, this typically happens towards the end of a BTC push to the upside. The second chart below shows the same pattern to the end of 2021, followed by a big drop in dominance over 2022, when ALT coins pumped. And that brings me to my second point for this post. Do NOT discount the real possibility that quality ALT coins will increase in dominance (and count in ICP!) over the next three months and hopefully the remainder of 2024! Happy trading!
INDEX:BTCUSDLong
by Fractaleer
Estimating fair value for ICP (short, medium and long-term)Some notes on ICP’s future price potential. I’ve been trying to get a sense for the price gains we may expect from ICP going forward. Obviously – given the mountain of innovation that the project team has already delivered – the project is greatly undervalued, but what would fair value look like? I think a good metric to use is Market Dominance, expressed as the percentage of the total crypto market value (or top X crypto stocks) that the fully diluted market cap of ICP contributes. Currently that’s about 0.32%. Looking at historic stats of market dominance of other ‘key’ coins, this is low. TON is sitting around 0.8%, MATIC historically reached up to 1.25%, AVAX up to 1.32%, DOT up to 2.25%, SOL up to 3.6%, ADA up to 4.5%, XRP up to 30%. ETH is currently sitting at ~16%. So, in acknowledgement of the enormous amount of work and development being generated by the team in the ICP ecosystem, it’d be reasonable to expect ICP’s market dominance to significantly increase going forward. Without going crazy, I think 3-5% is achievable in the medium- to long-term. And that’s in a rapidly growing market… bringing us to the second metric I wanted to talk about: Crypto Total Market Cap. Currently the entire crypto market is valued at ~US$2.66 Trillion. That’s approximately equal to the market cap of Apple (US$2.62 T) – one single company! So where can the crypto total market cap head to from here? Finding a reasonable ballpark may require having a look at the dot com bubble back in 1999, which topped at something like US$13 T, loosing US$5 T in value in two years. So perhaps US$7-8 T is not too silly as a short- to medium term target (considering a 2024 dollar is worth not much more than 50 cents in 1999) and perhaps double or triple that for the long-term as the crypto market gets a proper foothold in the world economy. So where that leave us ICP hodlers? Well, if we combine the awesome potential of ICP in shaping the crypto world going forward (market dominance) and the growth in the crypto ecosystem as a whole (crypto total market cap), it may not be insane to expect ICP to increase in value by 10x in the relative short term, 25-50x in the medium term and potentially 100+x in the long term, provided the project continues the course and does become a major crypto leader. As depicted in this figure. Hodl those ICP!!
BINANCE:ICPUSDLong
by Fractaleer
It's the king's turn, and it wants market cap dominance. Bitcoin is poised to regain market capitalization dominance. This usually means that (the majority of) altcoins will initially start losing in their sats value. It is now a well-known phenomenon that venture capital will first pour into Bitcoin. Once people start skimming their profits, it often flows to the other top 10 coins, then the midcap coins and finally the low caps after this. That is, until the cycle is complete again and people move their capital from the low caps back to Bitcoin or eventually to fiat. I have unfolded the Tom DeMark Sequential on this, and it flashes a 9 and even a 13, which usually means there will be a course change.
CRYPTOCAP:BTC.D
by joerivdpol
13
BTC Dominance - Grandpa BTC falls under 40%. Altcoin kids party!When Grandpa BTC is not paying attention, the altcoin kids start partying. BTC has lost the 40% market dominance. The last two weekly candles under this key level are plenty of confirmation. What does that mean? It means more money is flowing into... altcoins, some of which are pumping nicely, like Chainlink in the past week (+30%). If BTC does not wake up from its handover, then it can fall to the next key support level at 35%. I'd be surprise to see that fall as well. Then things can turn real crazy. Until then, scout the alts that can rally or started already and enjoy the ride! Like and follow if you liked my idea!
CRYPTOCAP:BTC.DShort
by DU09
3
The Flippening of Cash Cow BurgersHello all, I do not advise you financially, I simply like to post charts that are interesting or requested by chat participants. This one comes to you from @InfiniteParadigm | Thank you for requesting, trader Remember, your life, your trades. Trade on what YOU see, not what I see. Backing out to weekly timeframe I draw a channel....simply drank carbonated water and walked around office and determined where to draw based on music playing on Spotify. We are in bounce territory, ETHUSD should double top in week of 12/06/2021 - 12/13/2021. The double top I am referring to is the last high - we got a bit overextended. ETH is the basis of a lot of the market! Remember to check your market dominance and watch exposure. One will have to use their own tools to find entry here. There is a possibility of a sell of but ETH has been strong. Some tools I used for this chart: Angles : I took trend angle of the run up, form the top. It came out to 119 with the zoom that I had. This, plugged into TOP() * .19 (the variance of the move up and over extension | I took the 119 and dropped the 100). 4862.25 * .19 923.82 4862.25 - 923.82 3938.42 which is the bottom of this weeks sell off I projected out and came up with price targets 4400 top() CAN be as small as 4200 - use your skills Don't listen to me, I am retarded tl;dr sir, this is a wendy's cash cows for burger king are typically slaughtered using nails and i have a hunch (due to supply line issues) they lost .002% in price recently, correlating with the .008 surprise on 11/10/2021 earnings for Wendy's, resulting in strength for the flippening.
COINBASE:ETHUSDLong
by elkenpolar
3
Shiba INU - We are in the zone of interest (be patient)Hello Traders and Analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Neutral for the short term. Long term, bullish, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Note: To see more information - review the linked ideas for more crypto and through the analysis links which provide explanation's for further resources. Also to add - regarding the simplified method of the Shib Burning model, a full detailed model will be available - please contact me for further information.** Master Key for zones Blue = Monthly Purple = weekly Red = 4 Days Yellow = 16 Hours Orange = Daily Dark Green = 8 Hour Grey = 4hour Pink = 1 hour Review the full analysis below; Weekly Correction almost here; Monthly Imbalance Thus far there is not an abundance of Data provided from brokers and platforms - further imbalances will become clearer, however with data analysed - price had immediately sold off upon listing. Creating an immediate low of 0.0000569. The identifiable formation is a cup and handle which can be more visible on the weekly and four day chart. However with an introduction of further establishment of the traction from fundamental plays where new listings occur price can adopt an established consolidation. So new entrants to the market who began immediate price action on the monthly basis begin an immediate change of hands adding buyers to a selling market from the inception. This has now created a trading rang on the following four months listed whereby 0.0000471 is the established low point forming the monthly imbalance as well as the upper range of the imbalance reaching 0.00000979. The weekly Imbalance update The reason here for the half candle imbalance is provided for two reasons; 1. Being the Formation of the 50% low Fibonacci from the peak 1.00 at the introduction of Shiba Inu to the market. 2. The second reason for the 50% candle imbalance - is due to the upper 50% quartile using probability for price to retest the body of the candle for buying targets. Price did change hands from a selling market by creating three consecutive higher lows on the weekly timeframe, offering a >50% probability for buying power and long positions to be taken. Again using a fundamental backing with further adoption of users and further development of the project to become a useable token, the development through to the usage of Leash and Bone. - revert below to what is Leash & Bone. Daily Chart update Previous analysis; Daily talk points The daily ray is intact with 3 zones of a trend rejection showing the longs are in positional play The daily close out of the correction shows that the 50% and 0.000047X is a strong psychological value which rests upon a daily and weekly imbalance zone. Further to this - expecting a deep correctional pattern to the 61.8% or 70.5% whereby price has a <90% confidence of testing where price as opened price. The lower highs being created from the wicks by looking left have offered shorts to be closed out and retested with sellers unable to provide lower lows in the market. This is a sign the trend is reversing for you support and resistance traders. Please be aware that while analysing ETH, BTC, XRP, ADA - the reversion imbalances have often tested 70.5% so expect a pullback to the weekly zone as shown below. To see further studies of this - review my other analysis'. What the top formation correction would offer at a highly probable scenario The chart speaks for itself as to what occurred. Do you enjoy the setups? Professional analyst with 5+ years experience Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXI
FTX:SHIBUSDLong
by LupaCapital
2
BTC vs Bitcoin Dominance Hello Traders and Analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Neutral for the short term. Long term, bullish, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Note: I was incorrect in planning the imbalance to take us back to $20k or below, the reason for this is imbalances revert back to the original imbalance. With Crpyto's it seems the Golden ratio and a high probability to 0.786% Deep retracement zone. Master Key for zones Blue = Monthly Purple = weekly Red = 4 Days Yellow = 16 Hours Orange = Daily Dark Green = 8 Hour Grey = 4hour Pink = 1 hour Please see the previous chart idea to understand where price was heading An interesting note: Based on a modelling concept using a base case where the Cryptocurrency market reaches the size of the gold market and Bitcoin remains at around 50% Market dominance and or reaches 60%+ as the market has previous held % dominance of. The price of BTC can reach heights of according to the multiplication factor of the model. Note: Using at the time of model the gold market is 11.03Trillion. The Implied market cap of 6,781.80T at 60% gives an implied price per BTC at $360,734.04 per BTC. 50% Market dominance will provide an implied price per BTC at $300,611.70 per BTC. To know further about the model please message me in the comments or privately for further information. Monthly Imbalances Here are the latest imbalances for Bitcoin, where the point of interest had offered a weekly candle close from the peak high of $64,823.XX to $51,997.XX. This is a huge imbalance where price has offered a large change of hands to a critical price inefficiency. Sellers are now in control and created a low with a heavy drop where the weekly shows the rapid selling. This is due to the buying imbalance now changing to provide efficiency based up on the pivot point. Bi-monthly Chart The weekly sell zone from $64K All time high (at current). The Fibonacci took us back to the weekly zone - refer to Weekly chart - Weekly Chart The Fibonacci successfully closes out with the -0.618%. Understanding the Market Capitalisation of the coins history. The privatised tracking will be found at the bottom - to view click the link. Here is the Bitcoin market imbalances cap - monthly chart Weekly Bitcoin Market Cap Notice the equal lows which have formed the famous double bottom formation. The weekly trendline whilst steep has now seen a sell off, but now can establish a take back being the dominant coin. Daily Market Cap with BTC price Notice the daily imbalance on the market cap and the price chart equate to the same position opportunity. BTC - candle sticks ETH - purple BNB - Rose pink XRP - Orange ADA - Green Tracking the major coins as of 6th October 2021 BTC - 44.69% ETH - 18.51% BNB - 3.19% ADA - 3.11% USDT - 2.95* XRP - 2.22% * based on a fictional USD stable coin derived from Fiat. Source: coinmarketcap.com Here is the Daily, since the previous analysis - please ensure you read to understand why this was taken. Do you enjoy the setups? Professional analyst with 5+ years experience in the capital markets Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXI
COINBASE:BTCUSDLong
by LupaCapital
3
BTC - Growing as Market dominance low equalledHello Traders and Analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Neutral for the short term. Long term, bullish, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Note: I was incorrect in planning the imbalance to take us back to $20k or below, the reason for this is imbalances revert back to the original imbalance. With Crpyto's it seems the Golden ratio and a high probability to 0.786% Deep retracement zone. Master Key for zones Blue = Monthly Purple = weekly Red = 4 Days Yellow = 16 Hours Orange = Daily Dark Green = 8 Hour Grey = 4hour Pink = 1 hour Please see the previous chart idea to understand where price was heading Monthly Imbalances Here are the latest imbalances for Bitcoin, where the point of interest had offered a weekly candle close from the peak high of $64,823.XX to $51,997.XX. This is a huge imbalance where price has offered a large change of hands to a critical price inefficiency. Sellers are now in control and created a low with a heavy drop where the weekly shows the rapid selling. This is due to the buying imbalance now changing to provide efficiency based up on the pivot point. Bi-monthly Chart The weekly sell zone from $64K All time high (at current). The Fibonacci took us back to the weekly zone - refer to Weekly chart - Weekly Chart The Fibonacci successfully closes out with the -0.618%. Understanding the Market Capitalisation of the coins history. Here is the Bitcoin market imbalances cap - monthly chart Daily Market Cap with BTC price Notice the daily imbalance on the market cap and the price chart equate to the same position opportunity. BTC - candle sticks ETH - purple BNB - Rose pink XRP - Orange ADA - Green See what happened from our previous analysis - From the $50,000, a trade hedge has been place to capture selling opportunities as price offered a opportunity to short term sell, but long term holding target - subject to pivot points. Trade is now in full profit and if stopped out, no losses will be incurred Here is the Daily, since the previous analysis - please ensure you read to understand why this was taken. Do you enjoy the setups? Professional analyst with 5+ years experience in the capital markets Focus on technical output not fundamentals Position and swing trades Provide updates where necessary - with new updated ideas tracking the progress. If you like the idea, please leave a like or comment. To all the followers, thank you for your continued support. Thanks, LVPA MMXXI
COINBASE:BTCUSDLong
by LupaCapital
While BTC is preparing for the next move Altscoins like...While BTC is preparing for the next move... Altcoing like EOS, BNB, LTC, XRP among others... are doing great in the last couple of days. Comparing dominances between multiple coins like Bitcoin, Tether, and some of the TOP altcoins allows us to easily spot whether BTC and/or the whole market is dropping or growing. Most important tickers you should always pay attention are: - CRYPTOCAP:USDT.D ticker: This is the USDT market share (dark green in chart). When USDT market share raises we might be close to a big dump. Capital flows from to USDT for protection. Conversely when USDT market share decreases, we see BTC and altcoins pump. - CRYPTOCAP:BTC.D: This is the Bitcoin dominance (orange line in chart). When BTC market share rises, it means Bitcoins is doing or preparing for big move (either upside or downside). Investors are more cautious and go from altcoins back to BTC. When BTC market share decreases, it usually means Investors are taking riskier opportunities and capital flows from BTC to alts. Note: It's very important to analyze BTC market share when USDT.D market share is dropping. This means the capital inflow is coming back to the market. Is it coming back to Bitcoin? Or any other alt? Is Bitcoin moving with enough volume? or is Bitcoin moving sideways consolidating while altcoins are pumping? What tether dominance is doing? Did you know about this information? Did you ever read the market share (dominance) for any coin besides its USD value? I have prepared myself a market monitor that alerts me whether market share is rising fast or dropping fast for any coin. And I'm sending these alerts directly to my phone by a telegram chat. This has been great for me to make better trading decisions. And you, How would you use this information in your trading?
CRYPTOCAP:BTC.D
by rodrigo.aprieto
BTC Market DominanceInteresting way of looking at BTC’s historical market dominance. As you can see, we are nearing a point of inflection which we should hit in the next few weeks. What will happen when we do? With more alts this cycle than ever before, is it possible we might see a break to the downward with Alts continuing to take away market share from BTC? If so, does that mean we would be in for some kind of alt super cycle? Or... Will BTC flex it’s muscles and finally say “ENOUGH, IT’s TIME TO TAKE BACK WHAT’s RIGHTFULLY OURS!” Would love to hear your thoughts on all of the above... -Skinny *not financial advice
CRYPTOCAP:BTC.DLong
by SkinnyMike3
4