Eth-dominance
BTC/ETH Dominance Chart- Spotting the End of Altcoin Season I barely survived 2017 and you'd think I would've been more readily prepared for this new peak we just hit of Euphoria but alas the GREED took over once again and like Many I left lots of Unrealized profits on the table. Hopefully this will give us a better understanding of where we went wrong. At the very least this certainly shows that the Path to Alt Season Chart still reigns supreme.
The “Path to Alt season” is a graphic that describes the different phases of this market condition.
Phase 1 is when there is a flow of money going into Bitcoin and, possibly, to Ethereum. What’s important to note here is that during this phase, ETH struggles to keep up with Bitcoin, and it goes back and forth.
Phase 2 is when Ethereum Starts to Outperform BTC The Flippening argument begins to get thrown around
Phase 3 is when Large caps start to go Parabolic and outperform BTC
Phase 4 is when Mid,low and Micro caps start to pump and Memes are Everywhere
All phases can overlap back and forth with each other. But Money can Flow very quickly as we have seen and before you know it we are back to Phase 1 hopefully with our pockets lined in fresh capital and more btc when we started.
Cheers,
Captain
ETH - USD, BTC & Dominance :: Consolidating before next leg upThis 4 pane chart breaks down the current consolidation on the 4H chart and looks at the 1D uptrends in terms of USD, BTC and market dominance. Taking a breather in the 2700s before heading for ~3300 by mid-May-ish. Looking at moving averages, Gann fan up trending channel, volume profiles, a little RSI and AX/DX for verification.
4 pane chart:
4H ETHUSD - consolidating
1D ETHUSD - consolidating
1D ETHBTC - BTFD!
1D ETH.D - Correcting before leg up
Still out of the market, for me we are in a risky zone.Even with the bull trap confirmed BTC came back to the top of the triangle very fast today, which is likely in a bull trap.
I am still waiting to see how the next days will play out, and I am ready to get in again on the pull back if we break that resistance.
I am not saying that it will happen guys, I just think that is time to cool off and wait for a better entrance in the market again,
the loss/gain right now is not on our side.
Bitcoin Dominance Update and When Altsession Part 2#BTC Dominance Update:
as per our Analysis #Dominance Going same Direction.
Now Current Bitcoin Dominance is 64.80%
if 3 days Candle also close bellow 65% then begin #ALTSEASON Part-2.
but if Bounce from here then We can see dump in altcoin.
keep an eye on Dominance also.
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Thank you