as the dominance of BTC (ascending triangle, already confirmed), ETH is also pushing towards the break of an important resistance, it is a head and shoulders of reversal (not confirmed yet)
confirmation could bring ETH back to 21%
on the contrary, the dominance of the altcoins lies on a possible bearish head and shoulders
confirming this, many (many) altcoin...
as we can see due to BTC dominance increase the Ethereum has fallen back and trying to recapture the market as it is now in the accumulation zone and getting back to its Distribution zones
as we had analyzed the BTC dominance and that was more on the Fall side so we can conclude that the ETH.D is in a good Up Rise and
i.e.
as BTC.D falls so Does the other Cryptos...
as i mentioned before in this idea:
BTC decided to choose short way, so BTC may go down to 40000- 45000
when btc facing strong support in btc.d (btc dominance) , the alt coins dominance is growing in their way.
so i think the alt season just begun.
do not scare on loss, good days are waiting for you
Hi guys..its the latest analyze chart of BTC.D in 4H time frame .if you are interested any crypto that you want analyze with me and any questions please do not hesitate and comment below the chart!
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Total crypto market cap in blue and SPX500 in red. There’s a very clear correlation over the last year. Maybe this has something to do with the fed interventions that began around that time (repo markets). As the fed continues its course of “unlimited” action will we see prolonged correlation or is a divergence imminent? Only time will tell if unlimited and...
Just like BTC, ETH has its MACRO barrier.
BTC MACRO Barrier is 10k to 10.8K > BTC will attempt to break it hence ETH will too.
Ethereum MACRO Barrier is 190 - 200
Previous POST
I will post next what I think of BTC's MACRO Trend is looking like (Based on some historical commentary from well know traders)
Two model
