RSI right now corresponds exactly with that of Feb 2016, just before the 16 halving.
Cryptocurrencies will signify the next DOTCOM boom x70.
Everything is possible, nothing is impossible.
In a few years, people will come back to see this chart and gasp.
Although I wish to see the future, I simply cannot.
This chart is a mirror of what the next few years will...
Alt-BTC cap ratio has developed a wave 1 + 2 and 'stepped' out of it's long-term deceleration channel at the end of a very long falling wedge.
Candidate wave 3 is now in progress which means it's alt-o-clock!
Zoom-out to see the whole deceleration channel.
Basic look at the Cryptocurrency total market capitalisation excluding Bitcoin. My points are on the chart along side 3 predictions for the year ahead. This chart also contains a comparison against the Cryptocurrency total market capitalisation including Bitcoin.
Now that the deceleration channel in play since Jan '18 is getting more mature it looks to be manifesting a falling wedge pattern.
I haven't figured out exactly what the structure of this correction is yet but it looks to be a possible zig-zag . Either way, the culmination of the wedge pattern looks to be sometime between now and Apr 2020 at which time the...
The alt market total capitalisation is finding strong support at the W1 top which lends weight to my current count as a W4 at completion. A break-down below the dark gray box will kill this wave-count. Y-axis is in $billion btw.
I am looking at TOTAL2, the index for the total cryptocurrency market capitalization excluding Bitcoin ... Calculated by Trading View...
Here we have some signals to look at that can reveal potential scenarios for the future of the altcoins market capitalization... Let's take a look:
First let's notice the "support trendline" which is now in play. If this...