Cryptocurrency Market Analysis Report Compilation
A mathematical, geometric, statistical and sentimental study to find perfect harmonic patterns and equidistant points for consolidation price .
From this moment we want to tell you about the story of Willian.
After graduating from systems engineering, he began working in a financial company, performing complex analyzes for traditional financial markets.
Since the emergence of blockchain technology and the birth of cryptocurrencies, Willian has been more deeply dedicated to this market.
For this date, and doing a thorough analysis of the market, Willian wants to show you in the next few lines the most surprising advances of the market, but not from a financial and traditional point.
In the next lines, he will show you the past, present and future through concepts that only engineering students in general, the mathematical and geometric theory manage to show to hit price points in which some market analysts have considered in the last months as a base to carry out its operations.
In turn, he will show the latest statistics and reports that provide relevant information. Then, without more or less, please read carefully, because the following study can be of great help.
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.
What can be recognized, and apparently, some commissioners by the U.S. Securities and Exchange Commission (SEC), begin to show greater positive interest from the cryptocurrency market. Fact that can reveal to us the total understanding and potential of the new technology for the financial sector. How well we know year ago was a bit confusing for commissioners. This makes William happy.
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.
The worst case is that there was a clown very similar to an important international figure. And Willian is could be already knowing that you are imagining in your mind who it is.
But let to him for telling you that his last political and economic decision had a positive impact on some financial markets.
Last week, the feeling that the community showed was of a negative decline. But after Donald Trump announced the new tariffs for the Chinese market, and according to sources from the latest search by Binance and posted on the Oficial Telegram Channel, most markets made a chain reaction, generating an incredible volatility.
So again the wizard of the circus did his grace. The last time that happened was in 2008 according to official sources.
1.3. But what is the real feeling of the community for the last days?
Crypto Fear & Greed Index now shows a scale of 66 points, indicating a positive sentiment on the part of the community in relation to the bullish trend of the market.
2. Total Market Cap, Dominance & Network Highlights
2.1. Total Market Cap & Dominance
Over the last 24 hours, total market capitalization pretty much stayed at ~$309 billion, and we saw a slight increase in 24-hour volume at ~$68.7 billion, compared to the past week, according the coinmarketcap.com.
Bitcoin Dominance now is around 68.3%. At this time it is good to be care in relation to the altcoins.
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.
While realized cap has been rising, Bitcoin’s median fees have been falling. The median Bitcoin fees dropped to under $0.16 on August 4th, which is the lowest it has been since late March. A good initiative for progress.
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.
Two scenarios can happen: breaking this triangle to look for the maximum history of this year and consolidate very close to USD $ 14.3K — USD $ 14.8K, then look for the price that many is saying of USD $ 16K; or not break and keep a side slope between USD $ 11.2K — USD $ 9.8K.
Indicators for this time frame does not show a synchronicity that tell the true sentiment and market reaction.
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.
For the last weeks, the price reversed and with a close around USD $ 12.2K on the last candle.
The weekly and daily chart is imminent, and within the symmetrical triangle, the triple top pattern positioning, confirming a possible price correction very close to USD $ 10.2K — USD $ 9.8K.
Reading the MACD indicator, in the weekly it clearly shows a following price correction and in the newspaper it crossed showing a new high trend.
- 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.
Disclaimer: In no way does this article recommend the purchase of any assets, this is a personal opinion of the author. Investment in crypto-currency is extremely risky and volatile. Also, if you are an investor, always do your own research before investing in anything!