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Fundamentals driving the crypto marketTwo weeks ago general market correction started. Both equities and the crypto market were affected. Major reason behind this correction was FED`s another increase of interest rates by 50 basis points, as well as their narrative related to further monetary tightening. However, the question that still stands is if the latest market moves were only the beginning of the awaited bear market and where the bottom of it currently stands? Analysts are in agreement that this year is going to be a very challenging one in terms of potential profitability, let alone inflation hedging. On the other side, there are economists who are waiting for a glimpse of a signal that inflation is slowing down. This signal will indicate that monetary authorities of developed countries will stop with liquidity squeeze from the market, which would be time for dip buyers to enter the scene. Current geopolitical tensions are not helping the markets as they are impacting increase in price of food and derivatives, major contributors for increasing inflation all around the world. It should be added that distribution channels are still very fragile, especially with ongoing lockdowns in China and its major port in Shanghai. Recession is currently the most used word among financial professionals in the EU and US. Additional weight on the crypto market downturn was added by the crash of Terra stablecoins. It seems that algorithmic pegs are not well suited for significant market moves, so the coin LUNA reached $0 and was withdrawn from trading. This also caused several other stablecoins on the market to lose their USD $1 peg, as in the case of USDT. On the other hand, this case was used by the policy makers on latest G7 meeting to call for stricter regulation of stablecoin market and also call for anti-money laundering laws to be strictly followed by companies issuing stablecoins, as well as that they should regularly provide information regarding amount of funds actually backing $1 peg. Negative macroeconomic prognosis and current bearish trend didn’t have much impact on current Bitcoin and crypto market long term investors. As it has been officially confirmed by representatives of MicroStrategy, one of the largest holders of BTC, this company does not have any intention to sell its Bitcoin holdings at this moment. On the other side, Coinbase experienced a significant drop in share price since the beginning of this year, considering its weak profitability. The company noted that they will stop new hiring during the second quarter, in order to consolidate its earnings. During the World Economic Forum in Davos, held this week, mostly present companies were the ones in crypto technology. In the Promenade, part of the meeting where companies and governments have a chance to meet, most dominating companies were from the field of crypto business as well as Meta and Saleforce. Crypto market Funds outflow from the crypto market continued strongly during the previous two weeks. Since the beginning of this year, a total $1 billion has been wiped out from the market. Current total market capitalization stands around $1.2 trillion while daily trading volumes are relatively decreased. Bitcoin participation continues to be dominant. During the last two weeks, BTC even managed to increase its participation in total crypto market cap to 45% from 41% it was holding before the latest downturn. Highest drop in market participation was Tether, which dropped to 12% from 15% previously. Highest impact on this drop actually is coming from negative market sentiment due to LUNA collapse. Crypto futures market was also traded significantly lower, due to the latest drop in spot prices. What is evident from current market prices, is that investors don't share too much optimism for BTC and ETH prices as of the end of this year. As per latest available data, BTC futures maturing as of the end of this year are traded modestly above $30K while ETH futures are holding around $2K. It is interesting that these prices are just a little bit higher from current spot prices.
CRYPTOCAP:TOTAL
by XBTFX
3
You can't handle the danger zoneWe're on that highway riding the line to the high heavens or down to the depths of goblin town. Choose your own adventure! 1. Nuke the economy and Russia and everybody dies OR 2. Bleed out the criminals that run the government with hard work and sweat and tears and powering through the tough times. Go long, baby. Go. Long. /play; Highway to the Danger Zone.mp3 Revvin' up your engine Listen to her howlin' roar Metal under tension Beggin' you to touch and go Highway to the danger zone Ride into the danger zone Headin' into twilight Spreadin' out her wings tonight She got you jumpin' off the deck And shovin' into overdrive Highway to the danger zone I'll take you Right into the danger zone They never say "Hello" to you Until you get it on the red-line overload You'll never know what you can do Until you get it up as high as you can go Out along the edge Is always where I burn to be The further on the edge The hotter the intensity Highway to the danger zone I'm gonna take you Right into the danger zone Highway to the danger zone Ride into the danger zone Highway to the danger zone I'm gonna take you Right into the danger zone Highway to the danger zone Ride into the danger zone Highway to the danger zone I'm gonna take you Right into the danger zone Highway to the danger zone Ride into the danger zone Highway to the danger zone I'm gonna take you Right into the danger zone
CRYPTOCAP:TOTALLong
by toateotihuacan
3
TOTAL3 - Alt Season Could Be Just Around The CornerIn a previous idea i've compared eth price with what btc did in may- aug 2017. TOTAL3 (crypto m. cap excluding btc and eth) looks even more similar than eth does. We see clear initial fall in the summer, then barely setting new highs, before turning down, heading into the lows, maybe go even lower a bit. We should expect HUGE reversal to the upside. This is because one vital element is missing here. We haven't altseason for nearly 80% of all the altcoins. Many of which haven't even rally 1/3 of what they did in a previous cycle, even though they are listed on all major exchanges, and have a use case. (XRP, DASH, EOS, XMR, ZEC, IOTA...) I expect one final flush to come, then euphoria... I am not a financial advisor so non of this should be taken as a financial advise. Be well. CRYPTOCAP:TOTAL3 BITSTAMP:BTCUSD
CRYPTOCAP:TOTAL3
by AVA37
7
Tether Dominance Analysis5/14/2022🟡 USDT DOMINANCE 🕒 Daily TF ➖➖➖➖➖➖➖ USDT dominance is forming a bearish ALT AB=CD pattern, whose potential reversal zones are 1.272 and 1.618 fib extension retracement levels, from where we can see a reversal. So, a reversal can be expected from the marked two levels, which would confirm a bullish sign for the crypto market, after the reversal because USDT dominance and the crypto market work opposite each other. ✍This Analysis will be updated. 📆5/14/2022
CRYPTOCAP:USDT.D
by Trader_Needs
LUNA Daily Analysis 5.11.2022🔴 This coin with a 60$ billion market cap is moving towards zero with a 97% correction. 🟢Experience in the crypto market has shown that when the market is willing to pour, the word price floor does not have as much meaning as it does in the rising waves of the ceiling. So do not enter the purchase until the return pattern is seen in the currency in the hope that the currency is on the floor and do not risk your entire capital for a small profit. 💎Seeing the chart above, those who are familiar with the word loss limit and have strictly observed it will smile.
by Trader_Needs
4
A look at Crypto Total market cap ( A push expected ){drop a like and comment if you like our idea, it helps us to keep motivated to post more ideas} As you can see from the image, crypto market cap was rejected from the resistance and now its heading for the next support. The support line is very closer and we can expect a bounce back for Crypto market once it bounce backs from the support. I'm waiting for the market cap to bounce back before buying the crypto again. Patience always pays off. 1. BUY BINANCE:BTCUSDT and BINANCE:ETHUSDT fill your bags when it bounces backs from the support 2. BUY MORE when it breaks the resistance If CRYPTOCAP:TOTAL breaks the support then we have to wait for the next support for the price to settle down. Cheers GreenCrypto Team
CRYPTOCAP:TOTALLong
by GreenCryptoTrades
7
DOT (Polkadot) Coin {Market Cap} Analysis 10/04/2022Fundamental Analysis: Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3. Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community. Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services. The Polkadot protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain. Polkadot’s native DOT token serves three clear purposes: staking for operations and security, facilitating network governance, bonding tokens to connect parachains . Polkadot has four core components: Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains; Parachains: independent chains that can have their own tokens and be optimized for specific use cases; Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model; Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum. Following the network’s redenomination after a referendum on Polkadot, DOT balances increased by 100, so one old DOT was equivalent to 100 new DOT. This meant that the initial maximum supply of 10 million old DOT in August 2020 became 1 billion new DOT tokens. The redenomination was undertaken purely to avoid the use of small decimals and make calculation easier. While all balances were increased by a factor of one hundred, this did not impact the distribution of DOT or holders’ proportional share. Polkadot’s first initial coin offering (ICO) was held in October 2017, and the Polkadot price was $0.29, with 2.24 million tokens offered. The second ICO was held in July 2020, and the Polkadot price offered was $1.25, and 342,080 DOT tokens were sold. The current CoinMarketCap ranking is #12, with a live market cap of $19,263,288,614 USD. It has a circulating supply of 987,579,315 DOT coins and the max. supply is not available. Technical Analysis: Looking at the Market Value and Fluctuation Patterns in historical data of the Asset from Jan 2021, we can see there has been a completed Cycle with ATH: 47B$ , thus retracement to 10B$, followed by 3 Months of Re-Acumulation Phase till End July 2021, which developed the New Cycle with its New ATH of Approx. 55B$, followed by Market Cap Correction to 14B$ which is Below the 61.8% level of Fibonacci retracement of 0 to the Latest ATH (55B$). this means the Capital has Been accumulatiing since its retracement for its 3th cycle which can have the new ATH of 160B$. There exist the Hidden Bullish Divergence of Market Cap Value and MACD at the 4 Hours Time Frame , which is the very Significant sign of Bullish Trend Continuation which eventually Start the new Bullish cycles. As the Capital Accumulation Start its Bullish trend From these kind of Discounted Zones such as Fib 61.8 or lower , we can Rationally expect the ATH to be easily Achievable and ultimately developing the new cycle thus new ATH. There are Total of 3 Targets defined by the Average Confluences of the Fibonacci Expansion and Fibonacci Trend Base Extension. these confluences Points can even be counted as the Major Pivot Points . The 3 TP gets its confirmation as the Bullish trend Triggers the 2 TP followed by some Market Cap correction and Reaccumulating. on its Up Formation rally.
CRYPTOCAP:DOTLong
by BitonGroup
2
Btc1! Daily CME GAP Analysis Update🟢#BTC Update Price currently in consolidation phase with frequent liquidity grabs and stop hunts. We also had BTC filling a CME gap earlier which is a good sign for expecting a move upwards, we have also successfully reed D1 200 EMA which is a good sign as well since a re is very important for market to gain back momentum. Weekly closure will clear out things further and we can possibly expect a move sooner, where breaking through and holding above our first resistance at $47300 approximately will be a bullish sign. Analyzed by Hossein 📅 04.04.2022 ⚠️ (DYOR)
CME:BTC1!Long
by Trader_Needs
Why I am NOT holding BITCOINThis above is the well known Bitcoin Dominance chart. It keeps making lower lows and lower highs. I hold zero BTC in my portfolio. In the scope of an investor, there are plenty other cryptos with much more potential. Bitcoin remains the safest cryptocurrency with its proof of work, but people are starting to understand that it has very limited use cases, very slow transaction speed, and cannot scale. In short, it is getting old and it is harder to get returns like 2x by holding BTC (that would mean a 100k BTC right now). The FLIPPENING didn't happen, yet. But it is getting closer. Current BTC marketcap is 882B while ETH is 420B. We can't see much information on this chart, that is why I coded a simple indicator that put into perspective the progress of ETH getting over BTC in market cap. (You can get it on my profile scripts page) The chart shows Bitcoin marketcap divived by Ethereum marketcap. On September 2019, Bitcoin's MarketCap hits ATH against ETH, by being 10 times bigger. Today, the ratio is about 2x only. When this ratio drops below 1, the FLIPPENING will happen. We can easily draw a descending channel on the daily. This helps forecast an approximative date for said FLIPPENING: IF WE REMAIN IN THIS CHANNEL, THE FLIPPENING WILL HAPPEN BEFORE FEBRUARY 2023. A breakout is possible, but rather unlikely. My point is: I don't want to miss the train. Some cryptocurrency projects are building the future of the internet RIGHT NOW, and bitcoin isn't. It is going to be replaced. I will then be looking at some of the biggest layer 1 opponents which are popping off right now. I like to call them Bitcoin Destroyers. Here is 8 of them: All of them are beating Bitcoin right now and could stand a chance at replacing him in the long run. Not financial advice, do your own research.
CRYPTOCAP:BTC.D
by cyatophilum
9