Total MarketCap & Corrections Analysis ~ week 6/18
For weeks I've been trying to find a pattern that allows me to understand how the market cap develops.
I wonder?: the continuous entry of FIAT and the apparent sudden corrections are predictable?
I don't used to look for the reasons for the corrections, I only used the data, the%, the schedules ... but that was not enough. Being isolated from the world's arround news is not a good business.
My last predictions:
https://steemit.com/bitcoin/@beiker/total-marketcap-and-corrections-analysis-week-5-18
https://steemit.com/bitcoin/@beiker/total-marketcap-and-corrections-analysis-week-4-18
https://steemit.com/bitcoin/@beiker/total-marketcap-and-corrections-analisy-week-3-18
https://steemit.com/bitcoin/@beiker/5kyae5-total-marketcap-and-corrections-analisy
https://steemit.com/bitcoin/@beiker/7hisys-total-marketcap-and-corrections-analisy
https://steemit.com/bitcoin/@beiker/2bsqhr-total-marketcap-and-corrections-analisy
https://steemit.com/bitcoin/@beiker/2knbcw-total-marketcap-and-corrections-analisy
https://steemit.com/bitcoin/@beiker/total-marketcap-and-corrections-analisy
Prediction: Last Week 5 2018:
This week the correction went deep (more than i was thinking) it lead us to 348 billions TMC (I expected a 450 bi).
However i posted an update 4 days ago:
https://steemit.com/bitcoin/@beiker/tmc-market-cap-usd379-378-155-488
where i wrote:
November 30th (just 60 days ago) the TMC went down correcting to 277bi so that is what I will consider as the next support line.
and the good new is that we have touched that bottom (277 bi) few hours ago, the bad new is that maybe is not the end.... however i think it is the end of this general correction. Even dow jones corrected, looks like whales took massive profits leaving the poor hodl'ers w/o lambo for a while ;)
We have been downhill for 4 weeks (since january 13th until today), but we have been climbing for 9 weeks (since november 4th until january 6th), the road to the moon is a staircase.
why i think is over? past says so:
Prediction: This Week 6 2018:
Just as I think the correction is over, I do not think we're going to have a vertical rise either. I think many still have to recover from the shock and others receive their lambos at home and spend their massive profits before re-investing in cryptos.
So I give + 5% this week, it would be great news as it would break the trend of the 4 weeks before the downside.
If TMC continue correcting, I believe that the floor is still 277 billion and if we cross that line we would go to the TMC values of last October over the 195bi.
@beiker <3
We'll take a litre of chamomilla to calm down...
Great @beiker
chamomilla works lol
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Well, it's looking pretty good currently! That meeting earlier today seemed rather positive imo.
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