12-02-2021, 11:08 AM
Crypto market cycles will be different from the past
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/r6opkk/crypto_market_cycles_will_be_different_from_the/"> <img src="https://external-preview.redd.it/SewGpYdYjd6-lqf-MFD30wS-07DnvHk7GLgVFN9tTT4.jpg?width=640&crop=smart&auto=webp&s=0234068ed1312f1cf8c0fee09279b3a4ac34e4e3" alt="Crypto market cycles will be different from the past" title="Crypto market cycles will be different from the past" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Looking at historic data like the rainbow chart, bitcoin dominance, total market cap and number of coins/tokens in the crypto world, I'd say the bear and bull markets coming will be substantially different from the past.</p> <p>Let's look at some charts.</p> <h1>Bitcoin Rainbow Price Chart</h1> <p><a href="https://preview.redd.it/6h18x4uwqz281.png?width=1228&format=png&auto=webp&s=4858d18f460b19070eb42ce4cce55afe9f291597">(Source: https://www.blockchaincenter.net/bitcoin-rainbow-chart)</a></p> <p>​</p> <h1>MARKET CAP BTC DOMINANCE, % (CALCULATED BY TRADINGVIEW)</h1> <p><a href="https://preview.redd.it/dazuwh0yqz281.png?width=1505&format=png&auto=webp&s=fc3562fbd5d4248e64356c73e7a45352b8685465">(Source: https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D)</a></p> <h1>Total Cryptocurrency Market Cap</h1> <p>​</p> <p><a href="https://preview.redd.it/f09pddvzqz281.png?width=1390&format=png&auto=webp&s=c4ed911c53ae8c26a15017f0ac0728aa61fe0ef1">(Source: https://coinmarketcap.com/charts)</a></p> <p>​</p> <h1>Number of cryptocurrencies worldwide from 2013 to November 2021</h1> <p><a href="https://preview.redd.it/pthcgc59rz281.png?width=928&format=png&auto=webp&s=c21f1eabe57eee57568a0a5b8e16bab77e0d360e">(Source: https://www.statista.com/statistics/8639...ins-tokens)</a></p> <p>​</p> <p>My analysis:</p> <ul> <li>Rainbow chart: Given the dispersion of projects and retail, it is likely bitcoin chart won't touch the red zone nor the blue. Will be more stable.</li> <li>Dominance chart: Normally after a low BTC dominance comes a bear market. That was before binance (and BNB), before Cryptodotcom (and CRO) and before many game changing projects. Latest BTC dominance before a bear market was 40 in January 2018. Think next bear market won't come before BTC dominance reached 20 or so.</li> <li>Market cap: Last bear market brought the market cap down from 900B to 150B USD. Next one will probably bring the market cap down from 5T to 1 T USD. It means that we won't see our portfolio lowering more than 50% from what we have today if we didn't take too much risk.</li> <li>Number of projects: This is where I think we will have a substantial correction and a lot of non sense out there will have to disappear.</li> </ul> <p>​</p> <h1>Conclusion:</h1> <h1>We shall remain bullish!</h1> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/jmlinpt"> /u/jmlinpt </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r6opkk/crypto_market_cycles_will_be_different_from_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r6opkk/crypto_market_cycles_will_be_different_from_the/">[comments]</a></span> </td></tr></table>Kind Regards R
<table> <tr><td> <a href="https://www.reddit.com/r/CryptoCurrency/comments/r6opkk/crypto_market_cycles_will_be_different_from_the/"> <img src="https://external-preview.redd.it/SewGpYdYjd6-lqf-MFD30wS-07DnvHk7GLgVFN9tTT4.jpg?width=640&crop=smart&auto=webp&s=0234068ed1312f1cf8c0fee09279b3a4ac34e4e3" alt="Crypto market cycles will be different from the past" title="Crypto market cycles will be different from the past" /> </a> </td><td> <!-- SC_OFF --><div class="md"><p>Looking at historic data like the rainbow chart, bitcoin dominance, total market cap and number of coins/tokens in the crypto world, I'd say the bear and bull markets coming will be substantially different from the past.</p> <p>Let's look at some charts.</p> <h1>Bitcoin Rainbow Price Chart</h1> <p><a href="https://preview.redd.it/6h18x4uwqz281.png?width=1228&format=png&auto=webp&s=4858d18f460b19070eb42ce4cce55afe9f291597">(Source: https://www.blockchaincenter.net/bitcoin-rainbow-chart)</a></p> <p>​</p> <h1>MARKET CAP BTC DOMINANCE, % (CALCULATED BY TRADINGVIEW)</h1> <p><a href="https://preview.redd.it/dazuwh0yqz281.png?width=1505&format=png&auto=webp&s=fc3562fbd5d4248e64356c73e7a45352b8685465">(Source: https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D)</a></p> <h1>Total Cryptocurrency Market Cap</h1> <p>​</p> <p><a href="https://preview.redd.it/f09pddvzqz281.png?width=1390&format=png&auto=webp&s=c4ed911c53ae8c26a15017f0ac0728aa61fe0ef1">(Source: https://coinmarketcap.com/charts)</a></p> <p>​</p> <h1>Number of cryptocurrencies worldwide from 2013 to November 2021</h1> <p><a href="https://preview.redd.it/pthcgc59rz281.png?width=928&format=png&auto=webp&s=c21f1eabe57eee57568a0a5b8e16bab77e0d360e">(Source: https://www.statista.com/statistics/8639...ins-tokens)</a></p> <p>​</p> <p>My analysis:</p> <ul> <li>Rainbow chart: Given the dispersion of projects and retail, it is likely bitcoin chart won't touch the red zone nor the blue. Will be more stable.</li> <li>Dominance chart: Normally after a low BTC dominance comes a bear market. That was before binance (and BNB), before Cryptodotcom (and CRO) and before many game changing projects. Latest BTC dominance before a bear market was 40 in January 2018. Think next bear market won't come before BTC dominance reached 20 or so.</li> <li>Market cap: Last bear market brought the market cap down from 900B to 150B USD. Next one will probably bring the market cap down from 5T to 1 T USD. It means that we won't see our portfolio lowering more than 50% from what we have today if we didn't take too much risk.</li> <li>Number of projects: This is where I think we will have a substantial correction and a lot of non sense out there will have to disappear.</li> </ul> <p>​</p> <h1>Conclusion:</h1> <h1>We shall remain bullish!</h1> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/jmlinpt"> /u/jmlinpt </a> <br/> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r6opkk/crypto_market_cycles_will_be_different_from_the/">[link]</a></span> <span><a href="https://www.reddit.com/r/CryptoCurrency/comments/r6opkk/crypto_market_cycles_will_be_different_from_the/">[comments]</a></span> </td></tr></table>Kind Regards R