Why Traders Should Chart the Entire Crypto Market Cap
Market capitalization gets a lot flack for being a poor metric to measure the value of a cryptocurrency and perhaps rightly so but that shouldn't stop traders from using it as a tool to generate a market bias. To summarize: the market capitalization of a cryptocurrency is a function of market price multiplied by the circulating supply, so its fluctuating value ends up visually mimicking that of price action when plotted on a price chart. And if it mimics price action, then technical analysis the study of market behavior via price movement can be applied to it just as if the price chart for bitcoin (BTC) was being analyzed. This entry was retrieved by us on November 11, 2018 3:01 PM. Share this content on social media: Visit www.coindesk.com for more from this source. Reply to Topic
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