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.
This doesn't really match total2 or xrp.d. Call me crazy but I think we are still around October 2016. With that said, this cycle could extend well into September of 2022. I've paying attention to this for almost 10 years. Dow Jones for instance is also missing a phase. So my thesis is that inflation transitory and Fed's following of the debunked theory of philip's curve is going to cause a great global resignation that in turn backfires into higher wage offers followed by hyperinflation as UBI is introduced in 2022 in the name of climate change, marxist policies, civil wars and skyrocketting food shortages. That whole great reset narrative of rethinking the value of work and education is something you can't underestimate. People now want more to work from home, have more fun and get multiple sources of income. So even if Bitcoin drops from 120k and 230k, I think people are going to be disappointed to find, bitcoin continue to be bought all up at higher prices triggering a roaring 2022. This! This scenario matches total 2 and xrp.d. This could be what the year of a roaring tiger looks like. From 60 dollars double bottom to 19k. That puts bitcoin at exactly 1 million dollars before it all comes crushing down taking the dollar index to as low as 49%. It's 51% attack on the old traditional economy that could very well have been the plan all along to gradually outlaw cash while it rests on a secondary transition back up economy for the unbanked and dependant ones.
bryanazahlia
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@axelrodd, I can see that. Since '97 they have been saying the global population needs to be under 2b by 2030 or we all starve to death, and the USD represents a gold value we have not have since Nixon. Hbar and CSPR are global socialism tools designed to be easy to use for the simps of society who will receive their paychecks on cbdc's through their mainnets that will make everything digital (no more middlemen, like banks/accountants) It is what it is I guess 😅
axelrodd
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@bryanazahlia, yeah, the big question is how crazy will the markets get next year? 4 trillion? 40? 400? Now there we have derivatives, swaps, wrapped coins, and billions being printed every month. Elon Musk alone is receiving 6 billion dollars a day to play around in the markets. Buckle up! This market isn't stopping for anyone
"Key BTC .D must stay below 51%" Exactly! I find it strange that there are some who wish BTCUSD to continue its bullrun who at the same time hope that BTC.D will go all the way up to 70%!