Using the relative market cap rank development as indicator.

I don’t believe in technical analysis anymore as I see all of them as human brain attempts to make something random seem predictable and under control.

What I would like to look at from a meta level is the development of the coins in a chart for rank of all coins.

I think while also unreliable it could show at least a bit which coins hold up better in bear markets and in the upper market cap levels might show relative strengths.

Having said that: this is not the usual relative strength index which would be this:

*Calculate relative strength (RS) by┬ádividing the average of positive price changes by the average of negative price changes. Obtain RSI by subtracting 100/(1 – RS) from 100.*

So this is not what I am looking for.

So, is there a good place that has an over time market cap rank comparison chart?

And is this something I should already know after all my years in crypto? ­čśŤ

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5 thoughts on “Using the relative market cap rank development as indicator.”

  1. I would really like to see some kind of indicator like market capitalisation divided by daily (or weekly) volume multiplied by number of active wallets during the same time frame.

    Something to give an idea of the “liveliness” of a project.

    Getting the number of active wallets is hard, and there might be more complexity than just multiplication and division.

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  2. Nothing is really random in the universe.

    And the big players in the market are using quants, bots, etc…which are programmed based on TA.

    You just need a combination of good data, and maybe a little inside knowledge on those quants and bots. Along with a real understanding of TA, and probabilities. A combination that you’ll rarely find with any Youtuber, or too many people.

    But like anything in this world, anything is predictable with enough data. The problem is too many things are too complex and require more data than is available.

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  3. I don’t think any site is available, to check historical market cap rank.

    But at “marketcapof.com” you can calculate the price of a coin required to reach at Market cap of any other coin.

    Like $OP price will be around $31, to become equal to Polygon in market cap.

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  4. I think you should do what works for you. Me, I think I mastered trading between support and resistance. When we dip, I buy at the next major support. When we pump, I sell at the next major resistance, once support. Been doing this for a couple of assets, LINK, DIA, ETH, FIL too.

    That’s not to say I don’t take fundamentals seriously, I think it has a way to influence the market. I remember one time that DIA partnered with Coinbase, it was the first dip to support and a 100%+ in one day.

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  5. market cap is something that we see and learn from the begining of your crypto journey but will took you years to understand it.

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