Topcap
Overlooking IndicatorsTop cap and Average Cap by aaMonkey
Average cap is the "cumulative sum of the daily Market Cap values divided by the age of the market in days" - aamonkey
Top cap is the "Average Cap multiplied by 35" - aamonkey
I assume this multiplication value can be altered and should be for other coins but i decided to leave it to seem it the same for BTC and ETH since they are extremely correlated.
Great scripts..
I am long Ethereum
Topcap indicator testSaw this indicator on twitter used by Willywoo, looks good for testing tops. I say the long bullrun is slowing down as bear cycles are becoming slower in momentum (more prolonged) This could prove a test for BTC in the long run.
Next Bitcoin Bull Run Climax -Top Cap Derived EstimateTop Cap Derived Estimate for Next Bull Run Climax
Intro
A great indicator to use for catching the upper bounds in a bull run is top cap. Historically it has perfectly coincided with previous blow off tops. Another good one to use is the Puell Multiple . Let me also qualify this long positon as a HODL / long term position - not a speculative move.
Description
TopCap = Average Cap * 35
TopCap / TotalCoinSupply = Estimated Bullrun Climax
Ideas/Hypothesis
Please note that as the next bullrun occurs, Top Cap will continue to rise as well, which is why this is not an absolute value, but rather a potential range. I think anywhere from 50-90k is possible based on this setup.
Peak/Plateau Cycle
After a climax, and during a bear market, the top cap will continue increasing until it reaches a plateau point. I call this "Peak to Plateau." Then it goes flat for a bit and starts increasing again as the next bull cycle materializes. 'I call this Plateau to Peak."
As time goes on, the percent increase of each peak/plateau phase is diminishing (as other indicators corroborate as well, such as the Mayer Multiple or MVRV).
Your thoughts?
Do you have an opinion or idea regarding Top Cap, or the price projections here? I would love to hear your input so I can further refine and improve the indicator!
Closing Remarks
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