Total Market Cap
Hi members,
We analyses the market in its entirety, this allows us to gain a better picture of the whole market and how we plan to manage the next year with our trading channel that we offer.
If we look at the Total Market Cap, we can see some strong trendlines (support and resistance). We don’t use advanced indicators on these charts only the basics to portray the coming potential price action.
We start the analysis at the bottom with the pink line. This line represents the all time support trendline. In the future we can expect to see the market cap retouch this support line in the next bear market, this line will likely cause a reversal as we see price bounce back from the bearish (price decreasing) to bullish (price increasing).
Next we look at the two blues lines. These two lines represent the strongest support we have within this time frame, in time this support will weaken and be replaced by the pink support line like we see the bottom one disappear around the month of August this year.
During this latest bull run four principal trendlines (represented by the green lines) were created. The Total Market Cap increased up to the next resistance line each time price connected with the green support line (represented by the black circles) The green trendline represents a strong open funnel for the continuation of the parabolic move upwards, if the parabolic moves stops to form a new open funnel, this will represent the end of the parabolic move upwards and we would most likely see a good retracement to the funnel below.
The black lines, represent the support and resistance that the Total Market Cap faced off against during the bear and bull market cycles of ‘17-’19.
After a resistance is crossed, you should wait for the price to confirm above (Typically on a 4hr Candle Timeframe) before taking a position. .
With this in mind we are is ready to sail the crypto high seas whichever way the wind may blow.
Bitcoin Dominance
Looking at the Total Crypto Market Cap lets us see if money is entering the space but we want to know where that money if flowing to. This is why the BTC dominance chart is important, since it shows us how much of that growth is in the market leader, Bitcoin.
As we see in the chart, we can see a rising triangle being formed which is likely a continuation pattern for Bitcoin dominance, this tells us that alt season is not here yet.
The principal green trendline (support), indicates the future window for alt season, where BTC Dominance will break the trendline downwards, we will see Alt season coming as long as Total market cap increases alongside it. Patience is important as if the Bitcoin Dominance goes to the end of this rising triangle we will see alt season in approximately six months to one year. During this time the Dominance of Bitcoin will rise and fall between the supports and resistances. This provides us with opportunities to accumulate more Bitcoin alongside finding various altcoin positions before this coming event.
So long as money is flowing into the market, When the dominance rises we will protect and hold onto our Bitcoin, and as it falls we will seek out the strongest alt coin pairing pattern to enter into.
BITCOIN
We analyzed Bitcoin from the beginning of this Bull Run to now.
The main trend lines are represented by the two green lines. These two main trend lines are indicating the extremity of the support and resistance. As such, they can indicate us following support and resistances levels for the upcoming days.
Elliott Impulse Waves (12345). If we take a deeper dive at the Elliott impulse waves on the chart we can see the following: The two previous impulse waves took the same time (16 days for the first one – from the start point to number 1) and (16 days for the second one - from number 2 to number 3). As such, we can forecast that if the last impulse wave occurs it will take around 16 days to reach the upper resistance on the green line. Each time the wave is more profitable than the previous one.
In order to optimize the chances to buy at the right place a particular attention is placed in the recovery zones which are located between the multiple blue lines. In the two red polygons (between the blue lines), we can see the extremity of the support and resistance. These two polygons represent the ultimate zone to buy or sell your Bitcoin (buy in the bottom polygon & sell in the upper one). However, you need to be fast or settle a buy or sell limit offer to maximize the profit. In the green polygon, is where the Bitcoin pass the most of his time, we can see a start of an Elliott Triangle Wave (ABCDE).
If the Bitcoin breaks the green trend line by the bottom, we can expect a massive correction before he finding is support. Stay tuned for the next update.
Altcoins (Falling wedges against btc, why we are not in altseason)
As we see on many of the BTC pairings, a falling wedge is usually a bullish sign but we must be patient for the reversal (When price breaks above the resistance line). Until then we are looking at a continuation of lower Sat value on majority of altcoins.
market cap increases alongside it. Patience is important as if the Bitcoin Dominance goes to the end of this rising triangle we will see alt season in approximately six months to one year. During this time the Dominance of Bitcoin will rise and fall between the supports and resistances. This provides us with opportunities to accumulate more Bitcoin alongside finding various altcoin positions before this coming event.
So long as money is flowing into the market, When the dominance rises we will protect and hold onto our Bitcoin, and as it falls we will seek out the strongest alt coin pairing pattern to enter into.
Altcoins (Falling wedges against btc, why we are not in altseason)
As we see on many of the BTC pairings, a falling wedge is usually a bullish sign but we must be patient for the reversal (When price breaks above the resistance line). Until then we are looking at a continuation of lower Sat value on majority of altcoins.
Thanks, don't forget to like or comment this post!
We analyses the market in its entirety, this allows us to gain a better picture of the whole market and how we plan to manage the next year with our trading channel that we offer.
If we look at the Total Market Cap, we can see some strong trendlines (support and resistance). We don’t use advanced indicators on these charts only the basics to portray the coming potential price action.
We start the analysis at the bottom with the pink line. This line represents the all time support trendline. In the future we can expect to see the market cap retouch this support line in the next bear market, this line will likely cause a reversal as we see price bounce back from the bearish (price decreasing) to bullish (price increasing).
Next we look at the two blues lines. These two lines represent the strongest support we have within this time frame, in time this support will weaken and be replaced by the pink support line like we see the bottom one disappear around the month of August this year.
During this latest bull run four principal trendlines (represented by the green lines) were created. The Total Market Cap increased up to the next resistance line each time price connected with the green support line (represented by the black circles) The green trendline represents a strong open funnel for the continuation of the parabolic move upwards, if the parabolic moves stops to form a new open funnel, this will represent the end of the parabolic move upwards and we would most likely see a good retracement to the funnel below.
The black lines, represent the support and resistance that the Total Market Cap faced off against during the bear and bull market cycles of ‘17-’19.
After a resistance is crossed, you should wait for the price to confirm above (Typically on a 4hr Candle Timeframe) before taking a position. .
With this in mind we are is ready to sail the crypto high seas whichever way the wind may blow.
Bitcoin Dominance
Looking at the Total Crypto Market Cap lets us see if money is entering the space but we want to know where that money if flowing to. This is why the BTC dominance chart is important, since it shows us how much of that growth is in the market leader, Bitcoin.
As we see in the chart, we can see a rising triangle being formed which is likely a continuation pattern for Bitcoin dominance, this tells us that alt season is not here yet.
The principal green trendline (support), indicates the future window for alt season, where BTC Dominance will break the trendline downwards, we will see Alt season coming as long as Total market cap increases alongside it. Patience is important as if the Bitcoin Dominance goes to the end of this rising triangle we will see alt season in approximately six months to one year. During this time the Dominance of Bitcoin will rise and fall between the supports and resistances. This provides us with opportunities to accumulate more Bitcoin alongside finding various altcoin positions before this coming event.
So long as money is flowing into the market, When the dominance rises we will protect and hold onto our Bitcoin, and as it falls we will seek out the strongest alt coin pairing pattern to enter into.
BITCOIN
We analyzed Bitcoin from the beginning of this Bull Run to now.
The main trend lines are represented by the two green lines. These two main trend lines are indicating the extremity of the support and resistance. As such, they can indicate us following support and resistances levels for the upcoming days.
Elliott Impulse Waves (12345). If we take a deeper dive at the Elliott impulse waves on the chart we can see the following: The two previous impulse waves took the same time (16 days for the first one – from the start point to number 1) and (16 days for the second one - from number 2 to number 3). As such, we can forecast that if the last impulse wave occurs it will take around 16 days to reach the upper resistance on the green line. Each time the wave is more profitable than the previous one.
In order to optimize the chances to buy at the right place a particular attention is placed in the recovery zones which are located between the multiple blue lines. In the two red polygons (between the blue lines), we can see the extremity of the support and resistance. These two polygons represent the ultimate zone to buy or sell your Bitcoin (buy in the bottom polygon & sell in the upper one). However, you need to be fast or settle a buy or sell limit offer to maximize the profit. In the green polygon, is where the Bitcoin pass the most of his time, we can see a start of an Elliott Triangle Wave (ABCDE).
If the Bitcoin breaks the green trend line by the bottom, we can expect a massive correction before he finding is support. Stay tuned for the next update.
Altcoins (Falling wedges against btc, why we are not in altseason)
As we see on many of the BTC pairings, a falling wedge is usually a bullish sign but we must be patient for the reversal (When price breaks above the resistance line). Until then we are looking at a continuation of lower Sat value on majority of altcoins.
market cap increases alongside it. Patience is important as if the Bitcoin Dominance goes to the end of this rising triangle we will see alt season in approximately six months to one year. During this time the Dominance of Bitcoin will rise and fall between the supports and resistances. This provides us with opportunities to accumulate more Bitcoin alongside finding various altcoin positions before this coming event.
So long as money is flowing into the market, When the dominance rises we will protect and hold onto our Bitcoin, and as it falls we will seek out the strongest alt coin pairing pattern to enter into.
Altcoins (Falling wedges against btc, why we are not in altseason)
As we see on many of the BTC pairings, a falling wedge is usually a bullish sign but we must be patient for the reversal (When price breaks above the resistance line). Until then we are looking at a continuation of lower Sat value on majority of altcoins.
Thanks, don't forget to like or comment this post!
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