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Eth-dominance

Bitcoin Dominance - a closer lookBitcoin Dominance (BTCD) is a ratio that measures the market capitalization of bitcoin (the largest digital asset by market cap) against that of all other cryptocurrencies, or altcoins. It's a ratio calculated by taking the market cap of BTC and dividing it by the market cap of all other altcoins. And as More Altcoins are added to the "Space", so the Bitcoin Dominance Drops. As of Feb 2022, there were over 17,000 Altcoins ( Data from CoinMarketCap) and since then, an estimated 9000 more have entered, each time, BTC/d will Drop. Also, Note that near BTC ATH, This Dominance Drops as money leaves BTC and enters the ALT coins Space. The declining drops show us that "ALT SEASON"s, post BTC ATH, have been Dropping in Volume. This is most likely to the simple fact that there are now a lot of HODL in Alt's Is BTC'd Still a valid metric to use ? YES but only in a relative manner. Its % of market share will continue to drop as more ALTS enter the space ( And conversely, as Bad ALTS collapse, BTC will take it back maybe ) What Is still important to look at with BTC/D is the rise and Fall on the longer term time scales. This Will Show a longer term Trend and so hints towards new Bull runs etc Shorter term time frames can pose problems when confused with moves associated with simply being oversold / overbought However, if you look at MACD, RSI And BTC/D and see the associations between them, it is possible to pick up early signs of larger moves as Money Flows into Bitcoin from other sources. For instance, It can be very interesting to view BTC'D alongside ETH.D and OTHERS.D and see the Flow of money
CRYPTOCAP:BTC.D
by Orriginal
1
Is the Bottom in Bitcoin In?Interesting chart showing potential new up-trending channel for Bitcoin. To me, it looks and 'feels' like the bottom is in, coupled with an Alt-coin rally, as the AltPerp Index is showing clear signs up trending up. Also ETH.D is holding the line in it's uptrend that started back in Nov of 2019, and USDT.D which is inversely correlated to crypto prices, is breaking down below a key trendline support. At the very least, we have a tradeable bottom forming and looking very good to me here. On the other hand... A Gemini collapse, or sudden dumping of BTC by Greyscale to bail out bankrupt parent company Digital Currency Group and Barry Silbert, could still send us lower like FTX part II. New information = new decision. But as I always say 'Show me the chart, I'll tell you the news" And the charts are telling me that all the contagion has been priced in, and money is starting to flow back in here.
COINBASE:BTCUSDLong
by BrettFogle
Ethereum Dominance in January and February📈 Looking at the chart of Ethereum dominance at the top, and at the same time its price at the bottom, we can see that there is a delineation of direction between 📆January and 📆February. If dominance breaks out of this huge purple triangle, breaking through the 20% psychological resistance, the asset will either be outperforming other cryptocurrencies or falling less, depending on the context. Staying above 17.33%, I remain optimistic.
INDEX:ETHUSDLong
by andre_007
ETH/BTC finally broke the channel and start bleedingETH/BTC finally broke the channel and start bleeding🩸 , for the past months ETHBTC was showing strength and trading inside the channel for a while, the more we stayed inside the bearish channel, the more you should get worried, because this means our journey to the downside is going to be painful. After breaking the first support line, it’s a matter of time until we break the next one, then the one after it and so on, targets are scary BTC remains the boss, its a Bitcoin maxi season after all
Short
by djobs
Total 2 Analysis? more dip is coming!!!📊 Total2 marketcap 🕒 Daily Analysis 🟢 The TOTAL2 broke the important support and dumped hard from breaker block. Most altcoins see double digit loss in last 48 hours. TOTAL2 is now taking support at $780-$800 billion area. IWe might see a test of $925-$970 billion resistance now. If it goes above this resistance then we see some positive movement otherwise the dump will continue. Use proper stop in all your position because of market situation.
CRYPTOCAP:TOTAL2Long
by Trader_Needs
New Update For #Ethereum Analysis 📈📉 Hello guys, Hello Crypto community. so you see The recent decline of the crypto market has happened again after more than a month and its tedious trend, although not pleasant for all crypto investors, but everything may not go according to the predetermined scenarios. In fact, the essence of all financial markets is that it is unpredictable, especially in the short term and has various risks. So it is better not to have an extremist view and we should be completely neutral in order to be able to ride on the market waves, whether descending or ascending, and take advantage of it. But we all know that the future belongs to crypto currencies and , its vital to be smart and patient. So anyway ;As we can see, since the beginning of 2020, Ether has been able to increase its price more than 50 times while increasing its dominance So it seems it needed to be corrected. by breaking down of this trendline (# 1), it has been closed for a few weeks, and although it is in the support range (Pivot), if it loses it, it can fall even more to the support uptrend and trend line (# 2) . But in order to continue its uptrend rally , it must at least break the resistance area and close above $ 4,200, and at the same time we should see an increase in dominance to be more valid . -------------------------------------------------------------------------------------------------------------------- 👉This analysis is my personal opinion ,not a financial advice ,so do your own research. 🙏with Best Regards
CRYPTOCAP:ETH.D
by PRO_SMART_Trader