Cryptocurrency Market Analysis Report Compilation

Introduction

From this moment we want to tell you about the story of Willian.

Theory Of Chaos — A Representative Image

1. Surprises can come when we least expect them

As of the date this article was written, it isn’t known what will happen to the cryptocurrency market after the new U.S. hearing. SEC’s initial decision on the VanEck, SolidX and the Cboe BZX Exchange Bitcoin ETF application & ICE’s Bakkt Bitcoin Daily Futures Contract updated launch timeline, scheduled for August 19.

SEC Commissioner Episode 121

1.2. From a joke a great idea or a collective fear may arise

The last time when Willian went to a circus was after the death of his grandmother Doroty. He laughed so much that it reminded me of the real news that made the market take a 360 turn from one week to another.

Some News About The Market
Binance Research: Bitcoin Rally With Safe-Haven Assets During Trump’s Tariff Storm

1.3. But what is the real feeling of the community for the last days?

Crypto Fear & Greed Index

2. Total Market Cap, Dominance & Network Highlights

2.1. Total Market Cap & Dominance

Total Market Cap & Dominance Chart

2.2. Network Highlights By Coinmetrics

Acording Coinmetrics Bitcoin’s realized cap continues to break all-time highs. On August 4th, the BTC realized cap reached over $97.2 billion.

Bitcoin Realized Cap & Media Fees Chart

3. About Technical Analysis

He was referred to above about chaos theory, simply to show over time that financial markets are cyclical and symmetrical. Having knowledge of that makes a big difference in our studies. Let’s look at the case of Bitcoin.

3.1. By Month

Bitcoin last month closed its price very close to USD $ 12.2k. On a large scale a symmetric triangle formation is noted.

Bitcoin Monthly Chart

3.2. By Week & Day

In the last story, William had said that the price of Bitcoin would make a correction below USD $ 10K, in an possible ABCD triangular harmonic pattern formation.

Bitcoin Weekly Chart
Bitcoin Daily Chart

4. Conclusions

  • It is important for a better understanding of the market, to look from a global point to the smallest details. It is then suggested to always look at statistical data and accompany total market capitalization, dominance and the Crypto Fear & Greed Index to make better decisions.
  • Technical analysis continues to be a powerful tool to see the past, present and future. This tool shows us perfect harmonic patterns over time.
  • We can see studying the behavior of prices over time that there are equidistant points or interceptions within a geometric projection, which allows to recognize critical points where the price can be established. Recognizing this minimizes the margin of error in operations.
  • From the news, we can see that the flight of a single butterfly can cause a chain reaction in various parts of the world.
  • But above all, it is worth remembering that where there is chaos there is always a natural order.
  • And in relation to the previous months, the market shows a little more positive than before.

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