ETH's dominance has dropped below 8.74. I hope to climb above 8.74 this week and climb to 9.30. It seems possible to climb after touching 50MA or 100MA.
Let's have a second time looking at and analyzing the dominances. The dominance of the BTC should be below the "On the daily chart". Dominance of XRP should rise above 5.99. The dominance of the ETH should touch 8.74 and rise. The USDT's dominance should be below 1.92 and the alt upside should fall below 1.70. As noted above, we believe there will be a rise...
Conditions for the Alt Market to commence. Transfer of funds should move from BTC, USDT to Alt. ETH's dominance fell to 8.74 and then rose, but fell to 8.87 and rose again. BTC's dominance moves within two downward trend lines of the published BTC.D chart, while USDT's dominance should fall below 1.70. ETH dominance should rise above 9.30 and XRP dominance...
The dominance of ETH, the head of Alt, is falling. Even if dominance falls, prices can go up, and that's a trick. Conversely, the rise in dominance can cause prices to fall, which is also a trick. If it falls to the maximum, I would touch the lime green downtrend line. However, the market is expected to touch 8.74 and rise.
Many things look bearish but more so undecided at this point, hence I would expect sideways movement for some time even though some things have confluence (favorite word to explain things in common) in the bearish direction. ********** If I was to make a call for ETH, I would say there is more downward pressure for the long term because of the strong rejection....
That's the signal I was waiting for forever! The falling wedge finally hit it's bottom, and I missed the proper entry because I was away :D Anyway, if this wedge completes, we have a lot of room to regain Dominance on Ether. Don't miss the train! Happy trading!