Is starting to look like a Wyckoff Accumulation with the potential ST Secondary Test having just printed.
Remember that we want to see ETH Dominance pumping if the "Path To Altseason" will follow the same format of money flow with previous cycles 🤨.
Not advice.
📣 Hello everyone!
I believe that in the next 2-3 years, Ethereum will overtake Bitcoin in market capitalization. This will be a real crypto revolution - Bitcoin will no longer be the dominant cryptocurrency on the market.
I expect the long-term correction of WXY to end in the fall of 2024 in the 12.59 - 15.27% zone, after which a long-term uptrend will begin in...
This is a very simple chart. Broken support, broken trend, retest of broken trend. This may lead to a downtrend in ETH dominance, but not downtrend in ETH price as we are in a bull market. this is bad news for ETH moonboys waiting for this asset to overtake BTC in market cap value. markets are irrational, so this chart could be invalidated anytime soon if...
Hi.
This is my 200th idea.
Anniversary. CRYPTOCAP:ETH.D
I'm just observing so far, but some pretty interesting symptoms on ETH.D
1. On the weekly chart, the Ishimoku clouds are reporting that the overcoming
momentum has not happened. The Kijun has not crossed the Tenkan and is moving in parallel.
2. Senkou Span B (lower boundary of the cloud) stopped candle,...
This would really upset the #Bitcoin maxis's wouldn't it? :)
The number's in terms of dollar's per coin start to get ginormous.
Assuming a $6 trillion Total Market cap and a peak dominance of 38% by ETH
= 2.28 Trillion market cap for Ethereum
Divided by the current supply of 120M coins
We get a usd value of $19k per coin
Is this my prediction ? IDK...
ETH.dominance chart is waking up from projected support zone after an (A)-(B)-(C) corrective decline. Seems like ETH dominance is kicking in, as traders bet on possible Ethereum ETF next, so ETH can easily start outperforming other coins, especially if breaks above 20%.
ETH Dominance is at weekly & daily support following the descending trendline.
If it breaks the trendline and sustain above it we might se a BULL RUN in ETH soon.
of this wave which has not cleared a high - we are looking at it's golden ratio. evidence suggests this level could be reached, but would not presumably decrease past 0.5 level.
CRYPTOCAP:ETH is at an important juncture visible through this dominance chart. You can see its dominance has broken through to the downside at a weak spot in the ichimoku cloud. It is also currently below the 77 Vwma with a mere 18 hours to go until this candle closes. The significance of this is that there hasn't been a close below it since July of 2020, right...
In this chart, we can see that the ETH started a good renounce from the previous week and the indicators look bullish and solid to move upward in the upcoming weeks
We have
1. ABCD Pattern
2. Rebounced from the bottom of the current channel
3. In the upper section of the blue flag
4. Important Dates to keep an eye on 4th Dec 2023 and 22 Jan 2024
5. All...
ETH dominance is going the wrong way!
It is breaking the trendline that started in 2020.
Does this mean BTC will FAR outperform ETH in the coming months? With the BTC ETF, that could be the trigger.
My favorite situation would be that ALTS become stronger and take dominance from ETH. Likely?
Assuming only without any evidence but it is an alert that Eth.d is targeting 12% .
The question is what if ETH targets $135 ?!
Yes, for Ethereum fans, it is a stupid and illogical scenario, but it is an existing scenario. Please be careful in the long run
Within this dynamic landscape, Ethereum Dominance takes center stage on the weekly timeframe, captivating our attention with its ongoing struggle to conquer the previous resistance. In a striking parallel to historical events that transpired in February 2020, this current breakthrough may serve as a harbinger of a momentous mega bullish trend for Ethereum.
As we can see in the lower chart, the Bitcoin Dominance (BTC.D) recently broke its resistance & is now testing the weekly 200EMA and is not far from reaching the 200MA which is right at the next resistance at roughly 52%!
We will need to wait & see if it will break and hold or reject the 200MA before we expect a retest back to the resistance at the 48% level...
As mentioned in the related idea:
BTC Dominance broke out and this is the main reason your alts are bleeding.
Buy alts when dominance is high and sell them when dominance is low.
BTC and ETH dominance both might be breaking out to test 52-57% and 22-25% respectively. Personally i dont think BTC dominance will rise much higher than 52% unlike ETH that might...
Ether historically descended in the form of three waves, and then rose in the form of three waves again to re-test its historical peak, and this is followed by a strong decline again to re-test the bottom, but this is a three-day frame analysis, as it will take time until it is implemented.
