This is the chart for the total market capitalization excluding Bitcoin. Bitcoin's 4-year halving cycles may be creating 4-year cycles for altcoins too. If so, we are on the verge of a new bull market for altcoins.
Are we starting a new cycle for altcoins? Let's wait and see...
- As the weekly moving averages are getting closer and closer, it looks highly possible that XVGUSD can touch the main trend line once again when the next bull cycle starts. Fundamentals looking very strong: - Verge FCAS (Fundamental Crypto Asset Score) is A (789) - It is one of the 58 coins chosen by Ice Markets (mother company of BAKKT) to be included in...
Hello! I am not a professional trader. I just like to look at the charts and try to find similarities over time. Recently I noticed a similar pattern for The Mayer Multiple (the multiple of the current Bitcoin price over the 200-days moving average). The time period and the bouncing levels (0.70, 0.60 and 0.50) look very similar for the years 2014-15 and 2018-19.
This is an ultra-simplified long term trend line for BTC/USD on logarithmic scale, based on the last 6 years' monthly prices (H+L)/2.
XMR/USD price has been steadily increasing for the last 2 years within an upward parallel channel (on logarithmic scale). It seems to have broken downward from the parallel channel recently, which is a clear warning sign that it has lost its momentum.
If the pattern continues on log scale, I am expecting the XVG/USD price to stabilize around 0.25-0.30 end of June 2018 and jump to around 9.00-11.00 within July 2018.
If the pattern repeats on logarithmic scale, I am expecting the XVG/USD price to stabilize around 0.25-0.30 end of June 2018 and jump to around 9.00-11.00 within July 2018.