CRYPTO MARKET DOMINANCE CHARTS
These are 4 hour charts, showing PA from Mid April to now.
BTC.D - ETH.D
OTHERS.D - USDT.D
RED line = 50 SMA
BTC.D - Dips, Showing money flow into other Assets. PA has fallen below the 50 SMA and yet the price has remained static above 100K. The fact that the Dominance chart is dropping is more a sign of the increase in Selling, Profit taking and the increase in Dominance of other Assets and the fact that the price is unchanged, slightly higher, also shows the demand for BTC remains strong.
ETH.D - Climb showing some ETH recovery though no where near the climb that Bitcoin has made. The ETH Dominace can also be reflecting the increased Dominance of ALTS on the ETH network. In the last 24 hours, The ETH dominance has Fallen slightly
OTHERS.D - Rapid climb - Top 125 coins minus the Top 10 ny market dominance.
MID to LOW Cap ALTS taking most of the Money. This will include all ALTS on any Vlockchain, including the TH network. Some Massive gains here signaling ALT Season though I am uncertain how long this will ast.
BE CAUTIOUS
USDT.D Drops showing money leaving Stable coins and moving to Assets. When stable coins get sold off, it is a sign of confidence in the market, Foe me, MOST of the money flowing into ALTS right now are coming from the Stable coin sell off
As I mentioned just now, I remain cautious about this right now,
Watch that BTC.D like a Hawk because THAT is the signal of change in this.
The Table below explains ( sorry for the formatting )
BTC.D- BTC - ALTS
increase- increase- Decrease
increase- Decrease- Decrease Rapid
increase- Stable- Stable
Decrease- Increase- Increase Rapid
Decrease -Decrease- Decrease / Stable
Decrease -Stable- Increase
These are 4 hour charts, showing PA from Mid April to now.
BTC.D - ETH.D
OTHERS.D - USDT.D
RED line = 50 SMA
BTC.D - Dips, Showing money flow into other Assets. PA has fallen below the 50 SMA and yet the price has remained static above 100K. The fact that the Dominance chart is dropping is more a sign of the increase in Selling, Profit taking and the increase in Dominance of other Assets and the fact that the price is unchanged, slightly higher, also shows the demand for BTC remains strong.
ETH.D - Climb showing some ETH recovery though no where near the climb that Bitcoin has made. The ETH Dominace can also be reflecting the increased Dominance of ALTS on the ETH network. In the last 24 hours, The ETH dominance has Fallen slightly
OTHERS.D - Rapid climb - Top 125 coins minus the Top 10 ny market dominance.
MID to LOW Cap ALTS taking most of the Money. This will include all ALTS on any Vlockchain, including the TH network. Some Massive gains here signaling ALT Season though I am uncertain how long this will ast.
BE CAUTIOUS
USDT.D Drops showing money leaving Stable coins and moving to Assets. When stable coins get sold off, it is a sign of confidence in the market, Foe me, MOST of the money flowing into ALTS right now are coming from the Stable coin sell off
As I mentioned just now, I remain cautious about this right now,
Watch that BTC.D like a Hawk because THAT is the signal of change in this.
The Table below explains ( sorry for the formatting )
BTC.D- BTC - ALTS
increase- increase- Decrease
increase- Decrease- Decrease Rapid
increase- Stable- Stable
Decrease- Increase- Increase Rapid
Decrease -Decrease- Decrease / Stable
Decrease -Stable- Increase
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.