Bullish Cryptocurrency Marketcap AnalysisHi traders,
This market cap chart has helped me immensely these past few years, so I hope you enjoy this 2019 forecast on the weekly time frame.
Just a few things i want to point out on the chart, that are making me extremely bullish about the prospects of another $250 billion entering this market:
1. The bottom is in - this is signaled by the 200 week MA in royal blue, and the key psychology level of $100 B which held firm in the early months of 2019.
2. We can now map a new swing high and swing low with the fib retracement tool, which shows that we are currently battling the first fib level resistance (23.6). I am expecting a bit of a pull-back off this level, and a few weeks spent battling the $200 bill mark (as BTC re-tests $6500), which could show us a nice inverse head and shoulders pattern to bolster our bullish momentum. Once we can clear the 23.6, it is game on for the higher fib levels (including the 50% and 61.8%) according to Fibonacci law.
The next big psych level for this market cap is $500 billion, which would represent a 100% return from here. Not exactly sure when we will see this figure, but i am confident it will be some point towards the end of 2019.
Remember, TA is not a science - forecasting out price action months ahead of time is highly speculative, and the drawings on chart is for visualization purposes only.
This analysis places BTC price around $15,000 | ETH $400 | LTC $175 | XRP $0.50 by the end of the year.
Best of luck, hit the thumbs up.
Marketcapitalization
Bitcoin Market Cap Dominance still has a room to growThe #Bitcoin Market Cap dominance index still showing the room for the upside. The target zone is seen at the zone marked as the orange rectangle. Only when this zone is hit, the crypto traders can expect a larger corrective move on #BTCUSD and related pairs.
Bull Flag in Bitcoin Market Cap Dominance Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to succeed long term. If you fall into the majority that tries and fails then I assume no responsibility for your losses. What you do with your $ is your business, what I do with my $ is my business.
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Quick update, without the normal comprehensive TA. What I think is most important right now is the Bitcoin Market Cap Dominance (BTC.D). This is my main indicator to identify alt seasons vs salt seasons. The best alt seasons happen when: BTC is in a bull market and market cap dominance is > 70%. Conversely when market cap dominance is less than 60% it is usually a good indicator to sell alts.
The target from the bull flag is 77%.
Furthermore I think this is a very strong confirmation of a bottom in Bitcoin. Throughout this bear market any time BTC has pumped, alts have pumped more. Now we are seeing BTC pump and alts sell off vs BTC. This is exactly what we saw at the beginning of the 2016 bull market. This combined with the EMA's starting to signal a reversal has me sitting up in my seat.
That being said I am not viewing this as an opportunity to buy BTC. We are at resistance and well overdue for a correction. Instead what I've been doing is shorting ETH:BTC and longing ETH:USD as a hedge. If BTC continues going up then alts should continue selling off vs BTC but not necessarily USD. If BTC goes down then alts should selloff across the board and I will exit my ETH:USD long. If all works out then I can use the ETH:BTC short to hedge BTC spot purchase(s) when it eventually corrects.
Hopefully that all makes sense, if not feel free to ask questions!
Bitcoin MarketCap share could reach 72% With troubles facing Tether, traders will likely put their money in BTC (refuge) and maybe sell their alt coins which will put more pressure on Bitcoin price and make it go up even more. Basically I see BTC market cap share reaching 72% and becoming a refuge against alt coins (not doing well lately against btc).
My recent BTC trading ideas
MUST SEE: Here is WHY Bitcoin SOON Will Enter BULL MARKET!Hello Ladies and Gentlemen!
I will explain you WHY, we most likely will enter a BULL MARKET soon (within 3 months). Many things are pointing in that direction.
1. The Market Sentiment is trending bullish.
-Increasing Global Market Cap
-Dropping BTC-Dominance (Other currencies are conquering more land, which historical seen is a leading indicator)
-Increasing Global Market Volume
2. Volume Analysis (We are here looking for Volume Convergence or Volume Divergence)
In general:
-IF the volume is INCREASING it SUPPORTS the trend (convergence)
-IF the volume is DECREASING it does NOT support (divergence) the trend, and we will most likely turn around.
3. That we right now is in an accumulation phase. Accumulation is a phase, after a bearish movement down, where pros are accumulating/buying up Bitcoins (or another asset) to a low price, with the idea of doing it without people taking notice or attracting attention.
In that way it's possible to make the asset go sideways and range for quite a long period of time, and the pros are able to keep buying more and more to a low price.
Already back in February I was pointing this out with this chart.
I hope it helped you guys to get an idea, why it's likely that a bull market is around the corner. Please leave a like if you loved the analysis!
Thanks in advance!
D4 Loves You <3
PS. LIKE, LIKE ;)
Total crypto market cap perspectiveGreetings people,
I would like to talk today about one graph that is usually ignored by most of the traders, but which gives the best signals overall for general direction of the market.
As we can see on the total crypto market cap, the price went down exactly at the same resistance as the last time, forming a pattern of ascending triangle which would be invalidated if the price drops lower.
Ascending triangles usually break upwards, but we are talking about huge ascending triangle which could be completed at the end of the May, which would be ideal scenario for the bulls. Longer time consolidation with a bullish pattern would paint nice bottom, but these next two months will be a huge fight between bulls and the bears. The most important fight for the bulls now is painting a recognizable bottom and attracting more smart money. Investors are still not sure bears are in the woods, but for the first time over a year there is some hope for the bulls.
Crucial points to watch is the ascending triangle support, anything below that would invalidate it, and the third touch with a bounce would give higher chances of completing the pattern. If the ascending triangle fails, the last hope for the bulls would be the red line support, anything below that red line is huge bearish sign and continuation of a macro trend, and of course new lower lows.
The price currently found very nice support on EMA 50 which served as resistance for many times in the past, if the bulls manage to find the support here, there is even a higher chance that the market is going to break upwards.
Crypto Total Market CapOver the past week, the crypto market capitalization increased by 30% from 100 to 130 billion. A few days ago there was a maximum daily trading volume of 35 billion. Now we see a clear trend. We are moving in the ascending channel and by the end of the month market capitalization is expected to be in the zone of 140 + billion.
We begin to grow. A lot of good news. Which pushes investors to invest in projects at low prices.
RSI - oversold
above MA50,100,200
Down to 7k or Up to 8k?As I indicated in the chart, Bitcoin will make a decision between up to 8k or down to 7k.
The green trend line and the black trend line are supporting the uptrend. If these are broken, the price will go down fast and devastating. If it is not, the market will continue climbing until 7.9k.
Stop loss: 7525$
Follow this Chart! Put your mind at ease.....Everyone has been patiently waiting for what was to always come. Here I will explain the inevitable position of BTC. Where is the bounce is the biggest question clearly there are a lot of people waiting for an entry on a short position, you need to know this.
Currently the market cap is down to $290 Billion dollars, just 1 week ago when I posted we were at $350 billion dollars. We are down form $850 billion dollars, we expect this money to come back to the market and when this happens we will see a retirement bull run as we are all prepared.
Bitcoin had a market dominance of 42% just a week ago now its up to 45% so billions this doesn't mean people are buying BTC and it's getting stronger it just displays the money that it falling out of the market is also on other alt coins such as ETH, LTC etc which you all have trending own and money are falling out of them coins faster then the BTC making Bitcoin more dominant in the market. So all this shows is bitcoin is a choose of hold over other Alts.... you already knew that didn't you.
A lot of people see the above as a sign of strength for the Bitcoin and it is in the sense of holding merit in the fact its the most dominant coin but as for it showing the BTC turning we aren't seeing any more daily volume we are still seeing less, its still being sold faster then its bought. Swing traders are aiding our fall and slowing the process of reaching areas we need to bounce.
We want the BTC down into a buyers market because at this point we will see money pour into Crypto market overall, the week we see the market cap lifting is the day we can expect to go into consolidation and be ready to go back into a bullzone..
Some people were posting crypto is ending its all over, what a joke that is......... still to this day crypto is a 290 Billion dollar market, all we are seeing is a correction.
If you jump to a daily chart on BTC with a 200SMA (200 day) you will see the underlying trend of BTC is still upward and its never changed, on the weekly chart we have never entered an oversold region.
Below is the weekly chart BTC has been rallying since September 2015, we haven't crossed below 45 on the RSI since then, I think this can be used as a good indicator on the market for our bounce the RSI is running at 46 now and you will see its become level when we touch around 45 we will see a bounce it won't make it into a bearish zone.
We have a bounce coming up and I believe it will be on 1 of the blue targets, however you wouldn't enter on these until we see a bounce, watch the 24 hour volume of BTC to confirm volume is there to support the bounce. Don't base it off the 1H candles or something like you might, as for all you know Donald Trump is just having a play on BTC you need real confirmation to enter the market. Unless your swing trading then these small bounces can be great.
Your long holds expect them to be king down 10% per week there are only a few coins that aren't, the market is dropping 10% per week so quite common for coins to do this.
I want you to see in related articles a couple of charts I have done recently that will support the above with timelines.
I think within the next 7 days we will now see the bounce we have all been waiting for as on the weekly the BTC is getting tired and the $600 billion dollars that has been pulled out of crypto will be itching to get that money to work again.
Target 1 keep in mind is the .786 fib so this may be the level but lets see.
I will add further targets on this chart if its required I will be watching at the moment first target is the blue line this may take time as we do have small buys coming in at the 7500 region expect to bounce a while.
Cash Is King! Lets make plenty of it.