Marketcap
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
CRYPTOCURRENCY - TOTAL MARKETCAP - WILL HISTORY REPEAT ITSELF ??I`ve been in this market for 5 years now, and ive seen this bullrun before ! So therefore we should ask ourselves - when will the trend reverse ?
1. The 31st of Aug 2017 the marketcap was approx 160 B, and at the start of Jan. 2018 it peaked at approx 760 B before the reverse kicked in. This gives an 475% increase from August 2017 - Jan. 2018.
2. If we use the same pattern and go from 31st of Aug. 2020 the cap was at 400 B, and now at the start of Feb. 2021 we just hit 1400 B. If we use the 475% bullincrease we should reach approx 1900 B before we see a bearish trend . That will let BTC go too aprox 60 000 and to ETH 2500.
3. There will always be differences between 2017 and 2021 - adoption by big coorporations and more Institutional money, new traders ( RH ), Reddit / Elon Musk and The Doge Hype. But at the end of the day people generally wants to take profit, and when enough people do - and we eventually go into a profitsqueeze the tide will turn yet again !
What do the people of tradingview think of this poor but real analysis ? - Comments are very much welcome !
- Sometimes we got to zoom out on the charts to see the bigger picture -
Projection: Crypto Marketcap will hit $83T by Jan 2023The macro of the crypto marketcap is strongly bullish. We broke above the line of resistance that we hit in Dec 2017 that sent us into a multi year bear market and the short term result was a break of $1T. However, we must keep in mind that we may very well come back down to test that line in the mid $700B before we continue our march toward $83T. I expect somewhere around $30T by the end of this year.
In the coming months, you'll soon want to be all in BTCI've never looked at the Bitcoin Dominance chart. So I did. I drew a fib from the bottom to the first higher low. The fibs seem to match up. The chart tells me that it's touched the bottom of 35.41 dominance. Then it's worked its way back up through 50% dominance. Then retesting the breakout at 38% before heading straight up to 63.25% (1.618 Fib). How beautiful was that?!? Simply amazing. As a global society and community, we're all doing our part to ensure this chart looks pretty. Something in the natural mathematical world is guiding us.
Now Bitcoin's dominance is bouncing around the 1.618 level. With all of the financial institutions flooding into the market (LOOK AT THAT VOLUME GROWWWW), Bitcoin will attempt to reclaim it's 94-95% dominance. IT HAS TO (91% of the time). Even if for a brief moment. And how will BTC reclaim it's 95% dominance in an ever-so-growing crypto market? By RIPPING of course!
I'm not an expert nor fortune teller, but I'm willing to be my lifesavings that BTC will reach 6 figures by the end of this year.
Mark my words.
🚀🚀🚀
XRP Dominance Chart This shows the % of the market XRP has, in alignment with my fibonacci set up on the normal chart, this one shows the same thing.
We have retraced to the 78.6 and already moved from this zone, a move higher would be a perfect bait and switch whilst people FOMO into other alts like Dogecoin.
TOTAL $CRYPTO MARKET CAP - SIMILARITIES TO 2018?What we can see unfolding is currently a 3 week retracement from the total crypto market cap ATH. The yellow line is previous ATH from 2018 and it may be a case of us retesting prior resistance. However, right now it looks eerily similar to the end of the 2016-2018 bull market and the beginning of the 2018-2020 bear market. Hopefully, this will just be a retest- we were massively oversold on the RSI and in 2016/2017 we were oversold 5 times during the bull market, this time round we have only gone into oversold levels twice. So in that respect you could argue that we can still expect the bull run to continue throughout the year. However, if we fail to hold the yellow support line and continue to bleed at the current rate- I'd be worried that the party is starting to end.