The only trend I care about:

newageinv (70) · 7 years ago

This is also an indicator that I have been watching for some time as well. However, I am trying to filter it a bit as the Other category is somewhat biased to the upside as it includes all new coins that get listed. Given the increase in ICOs towards the end of 2017 and the beginning of 2018, these figures do not necessarily represent an increase in value of these assets but instead an increase in the quantity of assets in the cryptocurrency space. This will soon start to normalize as ICO activity has come down a bit and a lot of 2017 ICOs will fail ultimately. However, I do like the list of assets you have there as being the few that will succeed.

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cryptographic (64) · 7 years ago

Yeah, we really are dealing with very raw data, but the aggregate is there none-the-less. As always, it's important to keep the source in mind. On the other hand, I think I can see the influence of EOS on that chart. 😉

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sardar-sani (60) · 7 years ago

yeah agree with you

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milano1113 (58) · 7 years ago (edited)

That’s why I recently added to my portfolio EOS (@$10.77), BTS (@$0.19) and Bitcoin (@$7,550.00). This is our opportunity in a lifetime. These are great prices on sale with a additional discount. For some people these are really frustrating times, I hope most of us will take advantage of this opportunity. This sell off allowed me to lower me average prices by a lot. Now it has to go just a bit higher for some of my trades to be finally profitable. Other already are. If we go lower, I will buy even more. We were expecting this since we saw formation of right shoulder of reversed H&S. Even ETH had small H&S and recently broke, which took us very quickly to this level. I expect market to go a bit lower since it behaves still weak. But that’s fine, your chart only proofs it’s a healthy correction. This time it’s not different!!!

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cryptographic (64) · 7 years ago

And now there are possible double bottoms building across the board! In any event, a great place to scale in more buys. Wish I had more speculative capital, but my "bags" are already full.

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lunaticpandora (69) · 7 years ago

In the end it always comes down to "Don't mess with the bull if you can't stand the horns" these red crypto markets are dumb and volatile, because most of the people are newbies and go out with losses instead of sitting tight and holding, and that makes the red markets worse, it will eventually even out again and we will return to business as usual, the sheeps can't take a bit of fud because they start dropping all their wool.

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cryptographic (64) · 7 years ago

It's important to have a plan and stick with it. When dealing with speculative investments, the basis of that plan should be to invest only what you can afford to lose and then stick with it, even when there's blood in the street.

In fact, it's actually a good idea to add to your position when there's blood in the street!

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rothberg (58) · 7 years ago

If someone had showed me this chart and I wouldn’t have been invested in crypto at all, I would have told him “that’s no brainer, it’s perfect time to be buying”. Sometimes small kid can be a better investor than many of us. My point is most people think with too complicated way. Small kid would look at this chart and say “up”. But our emotions, just because it doesn’t go immediately the way we expect it to go, we panic and sell at the worst time. Instead this simply thinking small kid would be buying. When I learned how to buy stocks on brokerage account I started trading with paper money. With paper money there are no emotions involved. I made $20k in a month. I felt like I was billionaire already lol. When I started with real money, my emotions got involved and you can figure ou how that ended. My point is, just look at this graph the simple way with common sense. This is not downtrend, this is perfect uptrend!!!

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cryptographic (64) · 7 years ago

Managing our emotions is a big part of successful investing/trading and one way to help do it is by trading/investing in appropriate size and being patient.

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rothberg (58) · 7 years ago

I 100% Agree!!!
We are humans! Sometimes it’s difficult to manage our emotions. We make mistakes and as long as we learn from them we should be fine.
As you mentioned “trading/investing in appropriate size and being patient” is the most successful strategy.
Thank you!
Have a great day!

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mindtrap (74) · 7 years ago

Well brother, thanks for that! To be honest I didn't know that function.
But I have to admit that I love this line! It looks bullish not for a short term investment but alts have showed great progress especially over the last 16 months. And the fact that Steem, BTS, of of course one of my favorites (ZIL) belong in that trend makes me really optimistic.
Especially considering the last few days/weeks downfall.... Seems like a perfect point for investment.

PS. In that group, also belong some of the coins that will vanish... so everyone has to be careful!

Have a nice day @cryptographic

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cryptographic (64) · 7 years ago

PS. In that group, also belong some of the coins that will vanish... so everyone has to be careful!

^^ That!

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smithandy (42) · 7 years ago

Nothing has changed since my previous update, price is still moving sideways.

Screenshot_2018-05-29-04-45-24-751_com.UCMobile.intl-picsay.png

Yesterday it looked like Bitcoin -3.37% was slipping and would make another drop but there were some buyers who pushed the price back into the triangle again. In one of my previous updates, i mentioned that i was thinking about 2 options. A bear flag , which would mean the price has to go towards 7700/7800 first and than drop again or that we just drop from that point on. Since then we have been moving up and down and making a bigger triangle (something it has done more often!). I remember from the last time (yellow cricle) i was short from the 8900 (don't remember exactly) and i closed around the 8000/8200 i think because i thought the price would make a correction. It dropped even more and during that 'yellow' phase i was waiting for 8200ish to go short again. There were several attempts to push higher but eventually it did not become a flag but a triangle. So i missed the whole ride down that time.

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cryptographic (64) · 7 years ago

It's hard to short lows . . . but your pink zone might be interesting . . . if you're really convinced you've got a good risk/reward and you're disciplined with your stops.

I see crypto as a megabull. I wouldn't be caught shorting it for my life.

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smithandy (42) · 7 years ago

Thank you so much for your valuable time to reply to my comment.

It will really inspire me to analyze in the future and I am very happy to know your valuable feedback 😊

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olvio (49) · 7 years ago (edited)

Hi 👋,

Sir, you are a tremendous trading analyser I'm publishing my personal trading opinion here.

What's up traders, I hope you're all having a good trading week.

Let's analyze LTC/USD on the 1D chart.

When looking at the 1 Day chart, price is clearly trading under a side-wards resistance line, since breaking down on the 6th -3.03% of May back into structure, looking like a bear trap type scenario. Price will now likely continue the down move into the horizontal support zone between 115 and 93, and this is evident from price action showing a mini flag pattern since 15th May implying a measure move target to the horizontal support zone .

Litecoin is also trading under major moving average resistance, and the 20 just crossed under the 50, and the 200 firmly above the 20 and the 50 respectively. This shows huge technical weakness in the downtrend.

Litecoin has a probability to go to the upside, however I believe price is going lower first before any bullish activity. If price goes lower than the horizontal support zone between 115 and 93.

Let's see how the market continues.

Screenshot_2018-05-29-04-50-57-273_com.UCMobile.intl-picsay.png

Happy trading guys ❤

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cryptographic (64) · 7 years ago

It's trying to bounce off your upper support. Lots of similar patterns out there. Lots of inverted H&S too. This is a very logical place to look for a reversal. It's also a logical stop loss level for new entries on aggressive positions. Lastly, a simply fantastic place for long term investments, IMHO.

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olvio (49) · 7 years ago

Sir, you are a very valuable analyzer and important personality For this community, you are continuously giving ideas about trade marketing and marking the problems present there and each member is very efficiently explaining each topic to thank you very much for presenting your valuable important points. I show you sincere honor!

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veleje (49) · 7 years ago (edited)

Interesting chart. If comparing with Bitcoin, it shows when Bitcoin Mcap started to decline, 'Others' Mcap started to rise, which means, when Bitcoin price started dropping, not all proceeds from Bitcoin went to cash, some of it went to Others.

Another thing to note is, two, that are now among top 10 (EOS and Cardano) had quite a strong run up lately. But since they are not (yet) listed bellow, you can't check their influence in this "Others" rise chart. My guess would be EOS and Cardano contributed a lot to this Others chart rise.

One last thought, when BTC starts rising again and money start pouring toward it again, will money flow reverse and start moving from others back to BTC?!?

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cryptographic (64) · 7 years ago

Very good analysis and a very good question. I think "Others" FOMO will keep a large majority camped in "Others". Moving out of quality crypto like STEEM, BitShares, EOS, Cardano, Syscoin, back into BTC would be a conservative trade that I personally wouldn't be able to justify, and my bet is that the market will show us that most of us are of like mind.

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jcobs (52) · 7 years ago

The break of the support line at 2.55$ is now confirmed. The next main resistance is at 2.00$ so we could drop quickly to this level. However, I suspect an imminent bounce on the BTC when we will touch the support line. This bounce could help us to stop the drop on the STEEM also and go back higher than 2.55$. Keep an eye on the BTC, if the drop continues, we will touch very quickly the 2$ levels

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cryptographic (64) · 7 years ago

Hit $2.08 on Bittrex. Bouncing back above $2.43 now, trying to reach back into the $2.50-$2.75 breakdown level.

Always amazes me to see the bargain basement prices STEEM is capable of trading at!

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isteemhard (47) · 7 years ago

Hey there, @cryptography its been a while, hope you are doing great. I love what you are doing.

and is exactly where I want to be putting my speculative investments to work.

I strongly agree with you on this note. Every smart crypto investor should know this by now, because come december the story wont be the same.
Thanks @cryptography

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toofasteddie (70) · 7 years ago

OMG! Seriously? I've never tried before! What a discovery man.
I always thought why I couldn't do it.
Would be perfect if we could isolate an individual coin, a part from the proposed ones by default.
Steem on!

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cryptographic (64) · 7 years ago

I would like to see better screening tools tool. Perhaps with time.

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theguruasia (67) · 7 years ago

@cryptographic,
I think you have missed Ethereum! Coz, when we talk about ALT Coins ETH and LTC, we can't forget these two coins! But I didn't mentioned LTC, coz it's another 1st gen crypto currency like BTC! But Eth made a drastically change by introducing business platform top of it!
Now STEEM, EOS, BTS, ADA and like you said Sys, Ark are following that path and challenging the ALPHA of crypto currency!
I think BTC market dominance will become 10%-15% in next 2 years of time! But I could see entire crypto market still hold faith on BTC! Great analysis and market dominance is the best place to get a clear idea about ALTs and where they are heading to!

Cheers~

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wa2qr (58) · 7 years ago

Doesn't the others section include all the other coins which just entered the market. We don't know anything about those. I mean how can we tell.

It's great though, how can you pull something like this up? I mean I had no idea about this. This can be viewed as an opportunity, an opportunity to invest in the crypto currency which ever you feel suited and beneficial.

But I think that you should never invest in only one crypto currency, investment should be divided between different positive options and besides Investing in some coins in the top 100 or even top 200 would be a much better approach. If the cryptocurrency market cap is under $20M, it doesn’t mean its token is necessarily cheap. You can buy under $1 tokens of projects that enter the top 100 and still have much room for growth.

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steemwija (58) · 7 years ago

@cryptographic - Sir once you said, it's better to invest on Alter Coins instead of Bitcoin... So I did & it's a good guidance for me... Today you shared this graph... But you predicted this in last year Sir... People who followed you at that time, now in a good profit...

+W+

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zilze (39) · 7 years ago

I don't have much to say but this....i hope this graph indicates that the bull market will return.

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markzuckerbergs (56) · 7 years ago

Thanks for telling about this function on coinmarketcap...i usually check coinmarket all the time but don't know how to see that dominance graph..
Market is crashed again after uptrend of month...this is actually a good thing or opportunity to grab some good alt like steem eos bts sys ark as you mentioned above. Market can go in more deep like that it goes down in march but it best time to buy because market will reach all time high in december or january so if we buy now we had great chance to get 4 to 6 times profit in end of 2018.

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isaacbanks (50) · 7 years ago

The time is right for the wise to invest in altcoin. If you have been following the market capitalization graph, you will observe a few possible double bottom on the graph which is a lucky chance where you can make a pot of gold. The market capitalization graph also provide raw data that will guide you to make the right investment...

@cryptogaphy thanks for sharing

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milend (48) · 7 years ago

this is very lucky and the spirit to make a sufficient investment field, a right investment can stifle emotions in action and they are patient when the price drops and sells it at this time.
some changes have shown crypto is very suitable to be a place of investment.

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tania12 (51) · 7 years ago

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queensophia (40) · 7 years ago

XAUUSD 0.35% is approaching our first resistance at 1301.45 (horizontal overlap resistance, 50% Fibonacci retracement ) and price might potentially drop to our first support at 1288.55 (horizontal swing low support, 76.4% Fibonacci retracement ). A breakout below our intermediate support at 1297.49 (horizontal overlap support, 38.2% Fibonacci retracement ) might provide the bearish acceleration to our first support level.

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masud1234 (49) · 7 years ago

The opening statement is inaccurate. Do well to add “For those new to Crypto, CoinMarketCap seemed to appear out of nowhere last year during the rise of bitcoin and cryptocurrencies…

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xupon (40) · 7 years ago

BTS 0.00% seems to bounce nice between this channel on a log scale. Extrapolating exactly lands on the first week in june with a value of 2 USD (market cap 5.5 B.) Or could it be earlier?

What do you think sir?

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altafwani (49) · 7 years ago

these red markets are always attractive
you just need to trust them and keep your hopes alive
they dont take too much time to turn green
more grennery on its way
let me add some red in my portfolio

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killerkuasha (57) · 7 years ago

thanks for this information...

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mokles (1) · 7 years ago (edited)

steem is very pawarfull.Thanks for sharing this

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roman-sabil (50) · 7 years ago

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muzaifwani (51) · 7 years ago

i think it is time to make some investment
with current price it is now possible for me also to have some as it suggests.An uptrend is on its way.If prices came further lower i might add bitcoin this time

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black-horse (58) · 7 years ago

Wow! A very sweet graph associated with EOS. I think is the most beautiful opportunity for those who have bought or who will catch up :)

Tahnks for sharing @cryptographic!
Cheers!

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fun2learn (70) · 7 years ago

I may not analysed the graph most accurately but I do notice that the range was from 2013 to 2018. I agree that compared to few years back, cryptocurrency had stayed at a certain higher level. By doing so, there is definitely an upward trend. If we look at the current, Bitcoin who is the grandfather has recently gone down again causing most alt coins to go down. Hodl could be the best option if anyone is holding to some coins and don't sell in a panic. I think your intention of showing the data with a wide range of years is to let potential investors or already invested people to stay positive as well as looking at the big picture. I focus mainly on steem now since we can continue to earn steem regardless of the upward or downward trends. Hodl on to steem and sell when the price is right to get back some cash. Nevertheless, we still need to consider powering up for long term too. You may want to put a disclaimer at the bottom to indicate that your data is really for their own research and you are not responsible for any decision anyone makes as a result of reading your post. Just to safeguard yourself. Thanks for sharing!

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mywhale (53) · 7 years ago

Hello @cryptographic,

Extraordinary good discussion. The below graph indicates since 2017, BitCoin dominance of crypto market shows a significant drop. Moreover, 'Other' category coins started trending. Like you mentioned above, 'Other' category coins are 'STEEM, BitShares, ADA, Syscoin and ARK' & few more coins.

Incredible finding & extraordinary good topic to discussion about the real trend of crypto market.

~@mywhale

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resteemia (56) · 7 years ago

dropping btc market dominance is what we all looking for. but dump projects like ico, ito made things worst. therefore, it's better stay with legitimate projects like bts, steem.
today we got red market, world is trying to restrict famous btc. but it's still hodl 38.5% market cap. therefore, we have something to think about how powerful it is. @cryptographic

@resteemia

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cariglee (40) · 7 years ago

i have to learn a lot of things for you...
be continuous sir

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blazing (70) · 7 years ago

do you think this bearish market could stay a lot longer than expected

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abitoo7 (34) · 7 years ago

Investors had a whirlwind first quarter. Stocks burst out of the gate in January, then fell hard, with the S&P 500 losing 10 percent of its value in early February and ending the quarter down 1.2 percent. Now, with chatter about a “melt-up” behind us, the market is about flat for the year, and predictions of the demise of the long bull market in stocks are mounting. An April 3 Bloomberg News story summed up the mood: “Fear of missing out has turned into fear of getting caught.”

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steem-works (51) · 7 years ago

Thank for share the information

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jahangirwifii (66) · 7 years ago

@Cryptographic

The major contributors for the huge profit are Bitcoin [BTC], Bitcoin Cash [BCH], Litecoin [LTC], STEEM, Stellar Lumens [XLM], EOS [EOS], Ripple [XRP], Tron [TRX], Bitshare, ADA, accounting for more than 80% of the gain in the past week. Some huge investors had guessed after an analysis session that the coins were done with the negatives, hitting the lowest prices. This will give good results for cryptocurrency investors for the next two quarters of this year.

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cranium (77) · 7 years ago

Despite not the most successful course at the moment, I am sure that STEEM and other altcoys from this group expect a bright future. It seems that the old financial system is trying to escape in all possible ways. But, we know what fate awaits her. Good luck to you and Love.

Несмотря на не самый удачный курс на данный момент, я уверен, что STEEM и и другие альткоины с этой группы, ожидает прекрасное будущее. Такое ощущение, что старая финансовая система пытается спастись всеми возможными способами. Но, мы то знаем, какая ее ждет судьба. Удачи Вам и Любви.

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gold84 (63) · 7 years ago

Hi @cryptographic ! Thanks for keeping the steem community learn new things about cryptocurrency analysis, this time trends regarding the value of cryptocurrencies.

This is a new tool I will be checking weekly perhaps. As @newageinv mentions and your replied, it is raw data still and its not so easy yet to filter specific alts and remove the newest crypto from ICOs, but as you say it shows the tendency anyway.

Regards, @gold84

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hashcash (63) · 7 years ago

This is another thing that O learned today. It's been several months now that I have been in cryptosphere and still I find something related to learn every time I take a second look. Thanks for this man!
Take a look at the graph I got following your instructions:

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rehan12 (73) · 7 years ago

Just did saw that but was not able to deselect the options and important thing is that as you are saying and the chart implicates that we do have a great thing awaiting for us in the near future that is what matters :)

Good things are on the way !

Glad to see you back buddy !

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mahmoudh (49) · 7 years ago

ما هي توقعاتك بالنسبة الى
steem

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