Ethdominanace
ETH.D Analysis Using GannA Gann Fan analysis
Using the downtrend we can plot two points of Gann (2/1) and (8/1) both can be seen to be support points for the price
The uptrend Gann fan shows continually hitting of the top (1/2) seeing this we can assume that pressure is building up at this resistance point, and the bullflag that has formed above the (8/1) Gann line will smash this resistance
The indicator (MavilimW) I have tried to show a comparison to the (2/1) Gann level, possible repeating pattern on the indicator (green, yellow and red ovals)
Basically I expect ETH dominance to increase dramatically
Opposites Attract (BTC.D, ETH.D)Using this indicator we can view the "alligator" eating bearishly, heavily, on BTC.D which is a sign that more people are moving to ETH
We can also see the direct effect on ETH.D with the alligator indicator eating bullishly
These are monthly timeframes
In short, it looks bright for Ethereum and altcoins, while dominance for BTC is struggling
I am long ETH
You see the lie?While btc.d is going down eth.d is going high
If eth.d is going high like a bit fast to break a resistance not to touch a support then that's what i expect else btc falls hard and other harder so btc.d might go up and eth.d touching support unless eth can naturally rise its eth.d or btc going high without alts going much high then starting to go down ... , the key is to know the distance of my two scenario on this chart and the other one (btc.d) otherwise it doesn't matter so much, see all as one in a measured way
this is a relative analysis and a volatile move might be on the way as i expect a pennant on btc since ta is mixed on 45500_46500, both are obvious probable and i loose my nerves in such a prices like calling people pieces of S**, i kinda noticed there is a bearish trend on my kvo ...
Yet i tend to remain bullish
Stop is on this chart as it's deciding about characteristics of our market, unfortunately ethbtc was inside a bearish pattern wherein decided to touch 78 fib level (bad start point for me to join on time) and to F people and that's why i ignored bullish potential on eth.d, this is a reversed pattern 🤦.. Damn this was a bad tricky move against me, keep calm and let it accomplish the fighting pattern on btc