- This graph is purely based on fibonacci law. - 61.8% is the core of the system ( check rectangles in graph to get it ) - Most of long term traders not even look at the price. - they just wait the good time to buy using Fibo.
- in 2016 BTC was almost 100%. Altcoins were inexistant. (less than 2% of the market with ETH) - in 2021 BTC Dominance pushed to 75% (altseason followed the push) - in 2024 we could see BTC dominance knocks 60% ish ( Altseason will follow )
- BTC is maturing. - Cryptos are growing. - Don't look too much at your altcoin wallets.
- Most of the time the story repeats itself.
- Respect the cycle, be patient and eat noodles!
Happy Tr4Ding !
Comment
⋅
- i made this Dominance graph in October 2022. - Read it and understand it.
Comment
⋅
👀
Comment
⋅
Something important to add about this charts :
- don't follow or believe in my fractals, they are just here to "Show the way" and try to indicate some potential movements.
- it's really hard to define "Timing" and "Push" with Cryptos.
- All movements can be fast and unpredictable in those markets.
- All movements can go higher or lower and sooner or later.
- Don't forget that Trading is just trying to predict the future with all informations we got in the past.
Happy Tr4Ding !
Comment
⋅
Trade active
⋅
Still on road.
Comment
⋅
Comment
⋅
Comment
⋅
57% Reached. Don't check your Altcoins prices, check BTC.D better.
So what this says is to wait a bit longer to buy some altcoins....do you consider xrp an altcoin or tier 1 like btc and eth?
thecryer
⋅
@ZeeMura, i don't really consider ETH as a T1, Despite what they say, ETH scalability is very bad, fees can be uncontrolable. that said XRP did very well in this bearmarket and its solves a problem concerning banks transfers fees ( Centralized ). i have a small bag, the problem is the total supply is 100,000,000,000 XRP, so to make simple maths, imagine XRP reach 100$, so his marketcap in cryptos would be like 10 Trillion..hard to reach and believe it. i think next bullrun XRP could reach 5$ or 6$ if the crypto market stays in some good fomo conditions. cheers!