Dec 16, · As for the altcoin market, the whale says he doesn’t think it’s a given that altcoins will continue to rally in Bitcoin’s wake. He points to the altcoin market cap’s size of about $ billion, and says investors will now have to pour billions of USD into the market to fuel fresh rallies. Dec 10, · Crypto Market Recovers As Old Bitcoin HODLers Cash In Within an hour, crypto market cap, according to the data provider, shot up from $ billion to $ billion. It stayed briefly before plummeting back down to the $ billion range. A $30 billion blip. IMAGE: CoinMarketCap. Dec 06, · The total market cap has increased from $ billion to $ billion since yesterday. As another weekend goes on, Bitcoin presents low-volatility around the $19, mark. However, since yesterday, the primary cryptocurrency had been trading above the benchmark level, reaching $19, (Bitstamp) as the current high so far in the weekend.
Crypto market cap excluding bitcoinCrypto Market Recovers As Old Bitcoin HODLers Cash In - Decrypt
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Tweet Share. Could you be next big winner? Tony Spilotro I'm Tony Spilotro. Related Posts. Premium Partners. Top Brokers. Top Casinos. Top Sportsbooks. Press Releases. The yellow lines you see on the right are my prediction that I am watching like a hawk. I can see us moving downwards, creating the w-pattern once again, holding the important support level blue line and bouncing off of it upwards.
Some people will not like this of course, but for me it will be one of the last opportunities to buy some of my favorite Altcoins at a discounted price, before next altseason will blow prices up a lot higher!
The last chart I am going to show is funnily enough a very similar chart between the total market cap excluding BTC and the chart of Ethereum! This is the Ethereum weekly chart and look at the similarity with the charts I have shown before! You see a double bottom, the swing-high failure in the middle of this w-pattern look at blue horizontal line , price moving finally above it and right now holding as support and bouncing off of it last yellow curve on the right. This is very similar to the total crypto market cap excluding BTC.
This tells me that in general Altcoins like to follow what Ethereum is doing. Altcoins over the longer run are looking very good and are getting ready for another altseason! However in the short term I would watch out for a pullback, which should be a great opportunity to buy some of your favorite alts.
Furthermore the fear and greed index is very high with extreme greed It seems to me we need a cooling down period, reset some indicators and prepare ourselves for the next leg up! Nothing can go straight upwards for eternity, you need pullbacks as well along the way. If BTC takes a breather I am looking for These will be golden opportunities to buy in one last time, before we are going a lot higher!
As I am writing this article Bitcoin is moving towards Keep watching this how it plays out! This is not financial advice and I am not a financial adviser. Do your own research and make your own decisions. I am Djordi van Kampen and I live in France. Crypto enthusiast that would like to share his experience in the market in terms of investing and trading. Also, once BTC price is high enough, holders are going to cash out en masse, leading to a sudden balance shift that precipitates a parabolic curve blow-off.
The whale also points to potential sales from investors who are expected to one day receive BTC that was frozen in the collapse of the crypto exchange Mt. Come on, show some conviction, lead by example. Maybe others will follow. Which I think is total bullshit, personally. In the next bear phase I expect alts to lose a bigger share of their capitalization yet.