So where to now for BTC? In my previous post I explained that BTC had hit a major Primeval Fib (2207 level fib), which had thrown it sideways for a couple of months. While it is entirely possible that BTC could fall back again (e.g. to US$58k support zone) or even further, I think this is relatively unlikely. The chart is bullish in my opinion and I think the...
Some notes on ICP’s future price potential. I’ve been trying to get a sense for the price gains we may expect from ICP going forward. Obviously – given the mountain of innovation that the project team has already delivered – the project is greatly undervalued, but what would fair value look like? I think a good metric to use is Market Dominance, expressed as...
Bitcoin is poised to regain market capitalization dominance. This usually means that (the majority of) altcoins will initially start losing in their sats value. It is now a well-known phenomenon that venture capital will first pour into Bitcoin. Once people start skimming their profits, it often flows to the other top 10 coins, then the midcap coins and finally...
When Grandpa BTC is not paying attention, the altcoin kids start partying. BTC has lost the 40% market dominance. The last two weekly candles under this key level are plenty of confirmation. What does that mean? It means more money is flowing into... altcoins, some of which are pumping nicely, like Chainlink in the past week (+30%). If BTC does not wake up...
Hello all, I do not advise you financially, I simply like to post charts that are interesting or requested by chat participants. This one comes to you from @InfiniteParadigm | Thank you for requesting, trader Remember, your life, your trades. Trade on what YOU see, not what I see. Backing out to weekly timeframe I draw a channel....simply drank carbonated...
Hello Traders and Analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Neutral for the short term. Long term, bullish, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Note:...
Polkadot on track to claim as much as 5% market dominance if current ascending channel is honoured by next summer. If peak of bull run, with a total market cap of $10T coincides with this, that would put Polkadot at a valuation of $500B...
Hello Traders and Analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Neutral for the short term. Long term, bullish, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Note:...
Hello Traders and Analysts, A Note before reading - this is a forecast analysis - based upon our trading strategy. This is tagged Neutral for the short term. Long term, bullish, due to purchasing further increments upon imbalances. Please do not take this as face value and conduct the relevant investment strategy to successfully trade the probabilities. Note:...
While BTC is preparing for the next move... Altcoing like EOS, BNB, LTC, XRP among others... are doing great in the last couple of days. Comparing dominances between multiple coins like Bitcoin, Tether, and some of the TOP altcoins allows us to easily spot whether BTC and/or the whole market is dropping or growing. Most important tickers you should always pay...
Interesting way to view the historical BTC Market Dominance. As you can see, we have an important inflection point coming VERY soon in which BTC will have to decide if it is going to allow itself to keep losing market share to Alts, or put its foot down and take back what is rightfully hers.
Interesting way of looking at BTC’s historical market dominance. As you can see, we are nearing a point of inflection which we should hit in the next few weeks. What will happen when we do? With more alts this cycle than ever before, is it possible we might see a break to the downward with Alts continuing to take away market share from BTC? If so, does that mean...