ETH/BTC(MARKETCAP RATIO) ACTS AS AN PERFECT INDIACTOR IN THE MOVEMENT OF MONEY FROM KING BITCOIN TO ETH AND OTHER ALTS.
BY ANALYSING THE RATIO CHART, I THINK THE ALT SEASON IS ENDED AND WE ENTER THE BEARISH SEASON. PEOPLE TEND TO SHORT ALTS THAT OVER PUMPED IN PRICE IN MILLIONS OF DOLLORS AND THE THING IS HAPPENING.
---->YFIUSDT { Binance Futures #YFI - Unusual...
I was just looking at the cycle in 2017 and comparing it to this one.
It look like they both follow the same path, in exact the same day.
This forecast is already playing out and it looks like, we officially entering the bear market for the LONG term.
If you disagree please let me know your insights!
NO FINANCIAL ADVISE
When crypto shills talks about "There Will Never Be Another Alt Season".
These are people who constantly got it wrong about the market, it is something to think and consider.
Market and human natures move in cycle. To say in absolute terms are a joke.
Human emotions and behaviours are usually a contrarian indicator.
Which led me to believe that an alt season...
BTC still inside descending channel
It was really boring phase inside this range
What next ? Can Breakout this time or dump again ?
According to chart BTC has this time a higher chance to Breakout because this is the 5th time to test resistance and potential inverse head and shoulders
Important Resistances :
1st : between 38k-39k
2nd : between 41k-42.5k (daily...
THESE R NOTES FROM THE (side note/ need to finish an update Wyckoffian theory... looking good besides lower rejection then planned (rejected off 40k not low 40ks))
_3rd ANNUAL GLOBAL CRYPTO HEDGE FUND REPORT 2021 (WE will have further analysis as well as breakdowns and thoughts regarding this report and the current market "n were we goin... all input at these...
LIKE UNIswap 1INCH n maybe some sushi if she chills out.
AAVE looks like she is back on a cliff. (depending on what BTC does i may look to take a position but all in all i think DOT AAVE etc will get shook out for a bit longer _still if these r one of ur top picks might want to consider taking a position a small one n wait n see from there.)
BTC looks like she...
Another aspect to BTC.D
Watch out for July and Aug 2021 where market will possibly be at ATH and it might be the end of this 2020 halving bull run cycle
LIKE UNIswap 1INCH n maybe some sushi if she chills out.
AAVE looks like she is back on a cliff . (depending on what BTC does i may look to take a position but all in all i think DOT AAVE etc will get shook out for a bit longer _still if these r one of ur top picks might want to consider taking a position a small one n wait n see from there.)
BTC looks like...
Finally after a long wait, alt season is officially here.
With Nasdaq shrugging off coronavirus and Tesla went parabolic, capital will indeed flow into riskier asset including crypto.
The current setup for altcoins are more bullish than 2019 March-April setup whereby Altcoins are showing some strength versus Bitcoin, later to be crushed by BTC.
The current...
Looks like a possible inverse head & shoulders is forming on the BTC index chart. A possible LONG opportunity. I would watch how the right shoulder forms, should come down to the bottom of the left shoulder and also should be approximately similar width. Also wait for confirmation by letting the price touch the trendline up top because it could easily not touch...
Hey TradingView Traders, Investors and buddies!
I hope this idea comes at you having found yourself having a blessed weekend and a wonderful day!
Let’s dive in together as the two guerillas of ‘new money’ wage some ideological war throughout the publication below.
The term "Flippening" refers to the hypothetical moment of Ethereum (ETH) overtaking Bitcoin...
srry all dealing with family emergency stuff so this is messy ruff draft and vague to boot but wanted this out there b4 she either dumps or continues and validates this idea _40 to 42K support / resistance levels_ curios what everyone thinks (cleaned up and fully explained later/but if want to know more look into the _now some what played out but interesting _...
btc looks like she wants to make a stand to continue the overall sideways-uptrend as alts re set. Chart wise esp in shorter time frames UNI OKB look super strong (So does CRO for all ya CRYPTO,com kats) keep in mind btc may dip a bit n hurt them alts a bit more so save something to cost average just in case btc gets dragged down to low 30s _im taking a small alt...
Because the bullish option looks less likely, I favour it. What do you think?
There will likely be a positive correlation between BTC and the DXY by end of June. Which will allow it to be superior to other hedges.
This particular Dominance maeasure, adjusted by stablecoins, show that the down trend may have reverted.
1- we are bouncing on the 50MA
2- the fibo extension target of the last upmove is within the fibo retracement area of the last big downmove. Both are at the 200MA level
But what does this mean? Technically, dominance increases when BTC drops right? So, if...
