If you divide SPX by the MONEY SUPPLY (M2SL), you see the bull run we've had since the COVID crash only gets us back to our last high in January 2020. No new ATH, and we are VERY far from the 2000 high. The current pattern has many similarities to the 76-95 pattern. MACD seems to be the indicator to pay attention to. In July 1995 (Independence day) it broke out...
Will it go to 25%? From 15% to 25%? From the charts, it seems like it's possible! ETH dominance is bouncing perfectly from the trendline!
If you just look at BTC.D, it includes stablecoins. Obviously when BTC sells off, the stablecoins marketcap increase which impacts BTC.D. In my chart I exclude stablecoins + all the big caps. So it's small altcoins dominance
It would suck to go that low but if we touch the trendline, it would reach low $17,000.
This is bullish as hell! BNB is soooooooo much stronger than ETH! How high will it go?
We just broke the weekly RSI resistance. I'm very surprised the BTC dominance is actually going down now. The TA on DEFI/ETH is VERY bullish!
Is #SP500 #SPX going to bounce at 3500? In my opinion, yes! Back at 4300 by end of the year.
This makes me happy! BTC dominance has been going up from 40% to 47%. Is it finally time to reverse? I hope so!
We moon when we break out of the RSI bullish falling wedge.
More pain ahead for ETH but long term, ETH will be an amazing investment. Going to $20k like BTC did in 2017.
Dividing marketcap of DEFIPERP / BTCUSD. Once we get that bullish divergence on the daily RSI, it's gonna be party time for ALTS.
Last time we had such a beautiful bullish RSI divergence, we went up 300%.
I'm a bullish trader but the TA on this chart shows a pretty bearish scenario. The patterns look very similar to 2000 and 2008 crash. We broke down the support trendline in May 2022. Could it be pain until mid 2024? I REALLY do not hope so! We can hope for a relief rally by September 2022 to touch the trendline and confirm the bearish pattern.
Golden Fibonacci ratio at 1.618 is a $4.7T. I think that will be the first stop in January 2023. We will have a crash to $2T before exploding to $7T by 2024. The economy is in bad shape and it will take time before markets start going up again. Bull market to start later this year. We'll go from $1.5T to $4T in just 2-3 months. Sell late December, early January 2023.
Look at that BEAUTIFUL WEEKLY BULLISH DIVERGENCE! That means, just be patient. Reversal coming soon! DEFI SEASON coming soon.
What happened each time the RSI touched the historic trendline? ALTCOIN SEASON BABY! It's not far. Weeks maybe a few months! Dividing marketcap for OTHERS vs BTC marketcap.
For all the BTC maxis, can you tell me which way the long term trend is going for ALTS dominance? Yes, the ALTS have had major crashes vs BTC & ETH but since 2014, the trend is pretty damm clear. It's up. Holding ALTS long term has been a good idea vs BTC. You just need to pick the RIGHT ALTS. That's not that easy. The large caps might be safer...
Last time we got a 68x from $0.03 to $2.4. This time, we are only asking for 15x. Look at that RSI! Once that trendline is broken, it's party time. MATIC will go from $0.80 to $13. I would say around September 2022 to January 2023. That will be the blow off top. You better SELL at that time!