Bitcoin v Ethereum Market Dominance
Charting both the bitcoin and ethereum dominance side by side to keep eyes on the movement from both. After the massive rally bitcoin has had, I am expecting the dominance to be topping out around these levels, while the eth.d is starting to show some life.
While eth.d still needs some more time to simmer and consolidate post-retaking trend, I am expecting big things once it is done retesting its previous range high near the 11.6% range. This does not mean ethereum is not going up, it just means that everything else goes up at a faster pace over the next few weeks, before it flows into Eth. This would mean ETH outpaces bitcoin once it breaks out, which would play very well with the price action we are starting to see.
If btc.d does drop here, i am expecting it to go down to the 64-66% range if not lower.
Overall crypto market cap chart, which explains how alts are going up, eth is going up but the eth dominance is going down:
Previous eth.d v. band fractal, which has proven to be incredibly accurate:
https://:https://www.tradingview.com/chart/ETH.D/s1P1hYsu-ETH-D-v-BAND-Fractal/
Previous ethereum short term idea (missed the wick down by ~$20):
Previous btc.d that proved to be incorrect:
Long story short, I am expecting alts to go from here, pacing with ethereum, until the money flows into ETH and it rips to a much higher overall cap dominance.
While eth.d still needs some more time to simmer and consolidate post-retaking trend, I am expecting big things once it is done retesting its previous range high near the 11.6% range. This does not mean ethereum is not going up, it just means that everything else goes up at a faster pace over the next few weeks, before it flows into Eth. This would mean ETH outpaces bitcoin once it breaks out, which would play very well with the price action we are starting to see.
If btc.d does drop here, i am expecting it to go down to the 64-66% range if not lower.
Overall crypto market cap chart, which explains how alts are going up, eth is going up but the eth dominance is going down:
Previous eth.d v. band fractal, which has proven to be incredibly accurate:
https://:https://www.tradingview.com/chart/ETH.D/s1P1hYsu-ETH-D-v-BAND-Fractal/
Previous ethereum short term idea (missed the wick down by ~$20):
Previous btc.d that proved to be incorrect:
Long story short, I am expecting alts to go from here, pacing with ethereum, until the money flows into ETH and it rips to a much higher overall cap dominance.
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