Comparing past alt cycles with the previous bull market cycle
2017 Bull market alt cycle
- 1. January 2017 Bitcoin Dominance start to breakdown, Beginning ALT season 1
- 2. May/April Bitcoin dominance bottoms a temporally where mid-cycle start
And Alt tops out temporally as well. See ETH/USDT
- 3. Around the end of August, Bitcoin dominance started to go up again were eventually ended up getting rejected at 0.382 Fibonacci retracement
- 4. Around the end of October, Bitcoin dominance bounced. Alt had a minor pause/correction in November. (Dips are a gift)
- 5. December 2017 Bitcoin dominance failed to get above 0.236 Fibonacci retracements and 50 Weekly EMA. ETH make new all-time high
- 6. Alt season 2 begins
So far 2021 bull market alt cycle is a mirror of 2017
5 and 6 To be seen….
Assuming this bitcoin continues going higher.
Bitcoin vs BTC.D Mid-cycle theory
Key BTC.D must stay below 51%
Confirmation: ETH/BTC flip 0.0711 level. Below there is a dead cat bounce scenario.
- 1. January 2017 Bitcoin Dominance start to breakdown, Beginning ALT season 1
- 2. May/April Bitcoin dominance bottoms a temporally where mid-cycle start
And Alt tops out temporally as well. See ETH/USDT
- 3. Around the end of August, Bitcoin dominance started to go up again were eventually ended up getting rejected at 0.382 Fibonacci retracement
- 4. Around the end of October, Bitcoin dominance bounced. Alt had a minor pause/correction in November. (Dips are a gift)
- 5. December 2017 Bitcoin dominance failed to get above 0.236 Fibonacci retracements and 50 Weekly EMA. ETH make new all-time high
- 6. Alt season 2 begins
So far 2021 bull market alt cycle is a mirror of 2017
5 and 6 To be seen….
Assuming this bitcoin continues going higher.
Bitcoin vs BTC.D Mid-cycle theory
Key BTC.D must stay below 51%
Confirmation: ETH/BTC flip 0.0711 level. Below there is a dead cat bounce scenario.
Comment:
Comment:
ETH/USDT
