I got in the habit of checking the total marketcap whenever I click into coinmarketcap.com or coingecko.com. One glance at that at the top of the page and I can tell how my portfolio is doing.
Simply put, it (total marketcap) tells you how much money is "getting in" versus how much money is "getting out". A month ago, the total marketcap was at 3T and some coins (including BTC) were hitting ATHs (money getting in). Since then, the total marketcap has gone down - money getting out. It currently stands at 2.2T. There was a real rough downturn earlier this year from May to July when it went from 2.4T to 1.2T.
See the total marketcap chart
here.
To you TA guys: Does it not look like a break to the upside is due?
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Right now, the FUD is strong. World events, the continuing rape of the USD (money printing) and other forces have dented crypto market confidence. Sometimes I have to remind myself that
Bitcoin has died 434 times.
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The distance between Bitcoin and Ethereum is the closest it has been in a very long time. See that
here. (Scroll down to bottom chart). Bitcoin marketcap currently at 916B, Eth at 476B or roughly 2:1. A bullish sign for all alts?
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Eth fees currently at 48 gwei. Now's the time to send if you've been waiting for the sending fees to come down. (This is for sending from your own wallet(s) - exchanges might have a different idea.)