Marketcap
Ethereum Market Cap IdeaIdea for ETHMCAP
I expect the bull run to continue while the channel on the RSI is intact
Sitting above (1) level on the fib retracement
This is a bullish sign
The only bearish sign is the price action above (1) which is similar to the price action when the top occurred in the previous bull run
However I think the bulls will prevail, take my bias into account though
$3T Total Crypto Market Cap by April 5thSince January, a channel has been forming and the total cryptocurrency market cap seems to be bouncing from the top and bottom of the up trending channel. Hence, we could probably see a $3T total cryptocurrency market cap around April 5th since there seems to be a 43 days period between the peaks.
ADA Goguen era coming in Q2Smart contracts allows projects to transfer from Ethereum to Cardano, creating good opportunity for projects to save on the Eth gas fees.
If the Alonzo "hard-fork" works successfully, we will officially be in the Goguen era and projects will start transferring over from Eth.
This mean we could seeway more transactions on the Cardano blockchain, increasing the demand for its native coin, the ADA.
There will be a certain fear before major Alonzo "Hard fork".
ADA might retrace to sub 1$ prices after next pump.
In the years-long run, ADA will catch up on ETH and reach 200G market cap.
It might not be as quick as presented here, but it is a certainty that the Cardano team at IOG and IOHK will not stop working until they built the worlds best blockchain!
Mildly bullish on Crypto Market CapThe crypto market has rebounded over the past few days. Weekly indicators from Hybrid Intelligence should help with identifying the trend.
Here is the usual weekly question:
“The cryptocurrency Market Capitalization settled at 1545B USD at 02:00 PM UTC on Wednesday, March 3. Will the Market cap climb above 1660.9B USD (+7.5%) earlier than drop below 1429.1B USD (-7.5%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 61%
This is a mildly bullish indicator. Hybrid Intelligence believes it’s more likely the crypto market will go higher.
To check if the growth will be across both Bitcoin and the rest of the market, we’ve asked the following question:
“Bitcoin crypto market share settled at 62.22% at 02:00 PM UTC on Wednesday, March 3. Will Bitcoin's market share climb above 63.46% (+2%) earlier than drop below 60.98% (-2%)? (forecast 51-100% - bull scenario. 0-49% - bear scenario)”
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Assurance: 29%
This suggests that Hybrid Intelligence does not expect BTC dominance to rise higher. Throughout February BTC dominance stayed mostly under 63% and this resistance is unlikely to be broken now.
Together these two indicators suggest that Hybrid Intelligence is now favouring altcoins.
Possible Next move of Total Altcoin market capThere are some similarity in the behaviour of the Altcoins market cap movement in 2017 bull run and now, Howver I strongly believe that we are having 3 altseason but now we are following the same pattern different time scale as a matter of the gaining money in altcoins
CRYPTO TOTAL MC EXCLUDE BTCThere is approximately US $37 trillion in circulation: this includes all the physical money and the money deposited in savings and checking accounts. Money in the form of investments, derivatives exceeds $1.2 quadrillion. The value of all cryptocurrencies in circulation ($600 billion) and investment in commercial real estate ($30 trillion) also represent a small portion of the total money in the world. Bitcoin, for example, accounts for less than 1% of the world’s money.
ALTCOIN MARKET CAP Has BACK TESTED Its 2018 ATHIt looks like altcoin market cap has back tested its previous all time high. That does not mean it couldn't deep a bit further, nevertheless, we are in a massive bull run and the alt season is coming.
I am not a financial advisor, so don't buy anything that a say.
CRYPTOCAP:TOTAL2
When in doubt follow the money!Just a mental roadmap of recent !important! events in crypto (/general market) fibbed out into cycles on top of tether's marketcap.
It seems we are due a decent "cool down" period soon, as this also starts to align with other macro indicators I'm starting to get even more convinced (VIX, DXY, 10y bond yield).
Feel free to share your thoughts with me, I'm open to all meaningful dialogs!
Together we can only improve.
We are one, we are legion!
Moving Average Analysis - MCAPFrom these charts we can draw the conclusion that the chart 'OTHERS' is developing the separated three moving averages that can be seen on TOTAL.
A moving average pattern like this can last from months to years.
We can also draw the conclusion that Bitcoin is not completely connected to alt-coins and there is a disconnect between the two. Also we may see OTHERS excel above TOTAL, as it is clear that the chart is at a younger stage of development relative to the moving average structure.
Interested to see how this plays out. Remember, Diamond hands!!
Macro Trend on the Global Market Cap (excluding BTC)The last post was inaccurate.
According to this fractal, we could see another 40% growth before the panic selling begins. The fractal also shows us that this panic selling could begin in early-mid March. However, fractals tend to assume no external factors, such as mass adoption, could be at play - so take this with a grain of salt.
TOTAL2 Altcoin Market Cap RSI MACD Double DivergenceIt is really important to respect RSI MACD divergences since they most likely are working and showing you the way before it happens, also this situation happens at the exact 1.618 fibonacci extension level it is hard break through and the new trend's degree was quite high, so I am expecting a correction to the latest trend level drawn on the chart, the purple drawing shows the prediction of movement. I am keeping my positions open ( not futures ) , but I am aware that this is a possible scenario but eventually it will be the buying opportunity at it's best after the correction.
[CRYPTO] Market-Cap Excluding Bitcoin - Altseason is here!Please take a look at this wonderful chart of the Crypto Market-Cap excluding Bitcoin.
What we are actually looking for is a similarity from Late 2016 to now. If we take a look at the chart,
we see the total Market-Cap going sideways after peaking (August 2014). A Higher High on the chart previously
led to a strong Bull-Run.
It seems like we are in the exact same situation now, aiming for a total Marketcap of 1 Trillion Dollars.
Please let me know what you think about this idea!
Cheers,
Ares