USDT dominance on the 4-hour timeframe.The price is trading within a clearly defined descending channel.
The current movement indicates rejection near the upper trendline, which suggests continued bearish momentum.
The 50-period EMA (red line) acts as a dynamic resistance.
The recent retest and failure to close above it confirms the bearish bias.
The chart suggests a move towards the channel's lower trendline, around 3.85%- 3.90%, as the next support area.
The lack of breakout volume indicates continued selling pressure.
If USDT dominance breaks below 3.90%, it could signal strength in crypto assets, with altcoins seeing a rise.
A breakout above the 50 EMA and upper channel trendline could reverse the trend.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
Ethdominance
ETHBTC Bottoming - Maybe? Hitting a few possible resistance points here, could ETH be finally bottoming against BTC? Only time will tell.
Some good capitulation but not heaps of volume.
Bullish divergence on RSI which is good.
But it could go lower, lets hope not but you can see the next support right there down lower
ETH ecosystem to fund initial stage of crypto bullrunWhen markets rotate the money has to come from somewhere. Money can move in and out of one sector of the economy into the other, like money moving from industrials into technology or from fiat into precious metals. Money can also move around within a macro system from its constituent sub-systems. In the case of crypto, think we will see the Ethereum ecosystem beggared while money flows out of it into other ecosystems.
In order to try and stay ahead of the rotations into and out of crypto and into and out of the various layer one projects within crypto I turn to the best tool I have, which is the charts. Once we have the layer one blockchain we care about we can look at other layer projects that ride on top of the layer one to move up the risk curve for more volatility as we see fit.
ETH/Bitcoin
Bitcoin is the biggest single slice of the crypto by fame and market cap. The double top threat is pretty clear at this point. The black double top appears to be an eve and eve with the difference between the first and second peak about 3.12% That is about as textbook as we could want to see. We just have to start breaking the neckline of the formation and we should start to see more volatility in the pair.
Eth Dominance
ETH.D is likewise in a double top but this one is a bit further away from the neckline. The targeting is much the same. Due to the structures of the uptrend I think that 40% draw down is very reasonable and realistic.
XRPETH
XRP appears to be in a ascending triangle against ETH with a target close to 2x if full performance is reached.
Solana/ETH
Solana is suppose to be an Ethereum killer and in the long run I think it will live up to its name. I think it has a couple of years for the ecosystem to mature before It does. A major sign of strength will be if this W pattern performs to target. That would have Sol putting up over twice the gains than eth does in the initial stages of this move.
Polkadot ETH
Dot has been moving sideway for the last 4 months and has created some bullish divergence on the weekly chart. I think we will see it slowly erode share out of eth.
Kadena Eth
One of my favorite layer ones to watch and maybe trade before I see my long term set up is Kadena. It is poised ot have a W pattern that pops it over 100% against eth.
Cronos Eth
Cro seems to be another coin in a wedge against eth. The target this cycle is over 300% away from the current level.
ADA ETH
Oh, look, it is another coin in a bullish falling wedge against ETH. Sure reaching the previous ATH might take a decade or so, but that is a decade to favor ADA over eth.
Doge Meme Coin Versus Eth
Want to consider something that at first glance seem moronic or hilarious? Doge has the structure to 70x eth over the next couple of years.
Final thoughts
The Eth team has done a lot to make their system more affordable to use. As price goes down the ease of use goes up and the adoption goes up. Ethereum is in the process of turning itself into a volume trade and not a profit margin trade. That might be a good thing for cryptocurrency as a whole but I am chasing alpha. Crypto gives me more potential alpha than equities so I play here. If the alpha is leaving eth then I am going to leave as well, no matter how good it could be for the world or the ecosystem. Daddy can't pay for his girls food and clothes if he doesn't get that alpha.
USDT.DOMINANCE Chart Update !
USDT dominance is showing a downward trend after breaking out of a previous channel, which may indicate a decrease in stablecoin dominance in the market. The price of testing a green support zone is around 4.4%. If it fails to hold above this level, a further downside to the lower red support zone around 3.9% may be possible.
This decline in USDT dominance could imply a potential increase in buying pressure within the crypto market, as funds flow out of stablecoins and into more volatile assets, fueling upward momentum in the broader crypto market. However, a bounce back above the support zone may signal a temporary reversal in trend.
Traders should watch for reactions at these key support levels to better assess the direction of market sentiment.
Disclaimer: This analysis is for informational purposes and is not financial advice. Always stay updated with market movements and adjust your trading strategies as needed.
You can DM us for information on any other coin.
@Peter_CSAdmin
🚨 CRYPTO REVOLUTION: ETHEREUM (ETH) WILL BE KING AND GOD 👑📣 Hello everyone!
I believe that in the next 2-3 years, Ethereum will overtake Bitcoin in market capitalization. This will be a real crypto revolution - Bitcoin will no longer be the dominant cryptocurrency on the market.
I expect the long-term correction of WXY to end in the fall of 2024 in the 12.59 - 15.27% zone, after which a long-term uptrend will begin in wave-3 of the secondary level, which will be able to reach the target of 50% ETH dominance approximately in 2027.
⚠️ Think for yourself, decide for yourself - good luck in making independent trading decisions and profits ✊
Goodbye!
Ethereum: On the Verge of a Major Dominance Uptrend!Ethereum appears to be gearing up for a new phase of growth. Its dominance in the crypto market is completing a significant corrective phase — the second zigzag in a double zigzag pattern. This process has been unfolding over the past three years, correcting the previous growth seen from 2019 to late 2021.
Looking at the historical trend, we can observe a clear cycle: three years of decline followed by one year of rapid altcoin growth. This cycle, along with characteristic Elliott Wave correction patterns (where the latest structure shows a = c) and a false breakout at the critical 13.95% level, suggests that significant changes may be on the horizon. We also see confirmation in technical indicators — MACD, the MACD histogram, and RSI — signaling bullish divergence and a break in the downtrend on the Momentum indicator (40-day period).
A similar picture emerges in the ETH/USD and ETH/BTC pairs, forming a base for the bullish trend. This points to the potential beginning of a strong upward movement for Ethereum and an expansion of its influence in the cryptocurrency market.
There may be one more slight decline in ETH dominance, probably to the level of 13,6%, to form a double bullish divergence, after which I will accelerate my bullishness on ETH.
USDT Dominance Chart Update !!USDT Dominance Chart Update
USDT dominance has broken above the descending trendline.
The current level of 5.84% shows a slight pullback after reaching around 6.70%.
Immediate support is around 5.50%.
Long-term support is significantly lower at 4.56%.
The immediate resistance level is at 6.70%, which was recently tested.
Higher resistance is around 8.50%, which has not been seen since late 2022.
If USDT dominance can stay above the 5.50% support level and break the 6.70% resistance, it could target higher levels around 8.50%.
A break below 5.50% could lead to a decline towards long-term support at 4.56%.
Keep an eye on changes in volume to confirm the strength of the move.
Monitor the RSI for potential overbought or oversold conditions to identify reversal points.
USDT dominance is currently in a critical range. Traders should keep an eye out for a break above 6.70% for bullish continuation or a drop below 5.50% for further bearish action. The 5.50% and 4.56% levels are key support areas, while 6.70% and 8.50% are important resistance areas to keep an eye on.
Remember: This is not financial advice. Stay tuned to us for further updates and analysis. Thank you!
Ethereum will explode soonBy thoroughly examining more data, we found that Ethereum is located in a large triangle. This analysis was done with much more data.
The green range is where Ethereum's 7-year dominance triangle could end and witness heavy pumping of Ethereum and altcoins.
Our view on the dominance of Ethereum and alt-party is as you can see on the chart
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Ethereum May Flip Bullish and Surprise UsEthereum dominance has a potential golden cross of its 50/200 day EMAs and MAs in progress as it tests the top of both along the neckline of a W pattern.
The question is how high it'll actually go. For Ethereum to become really bullish again vs. BTC, BINANCE:ETHBTC needs to reclaim the 7.2 year uptrend it lost back in March:
ETHEREUM DOMINANCE #ETH.D To 38% = $19,000 ETHThis would really upset the #Bitcoin maxis's wouldn't it? :)
The number's in terms of dollar's per coin start to get ginormous.
Assuming a $6 trillion Total Market cap and a peak dominance of 38% by ETH
= 2.28 Trillion market cap for Ethereum
Divided by the current supply of 120M coins
We get a usd value of $19k per coin
Is this my prediction ? IDK
Smashing through $10k so significantly seems hard to imagine
Unless a Ethereum ETF is launched early next year!!!
Rather than a Bull trap if approved late in 2025
Either way The ETH 38% dominance could very be a likely scenario in my mind based on this chart pattern alone.
USDT.DOMINANCE CHART UPDATE !!USDT DOMINANCE ANALYSIS
USDT.D is descending following a retest below the rising wedge. It's also breaking through the MA 50, with a candle close below it confirming a bearish sentiment. Notably, a bearish USDTD trend often indicates bullish momentum for the broader crypto market due to their inverse relationship.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
#USDT.DOMINANCE 1DAY UPDATE !!USDT DOMINANCE ANALYSIS
USDT.D is forming a rising wedge pattern, nearing the support trendline. MACD crossover suggests a potential bearish turn.
A sustained wedge breakdown confirms a bearish trend; a bounce suggests consolidation within the pattern. USDTD typically moves inversely to the crypto market.
I have tried to bring the best possible results in this chart.
If you like it, hit the like button and share your charts in the comments section.
Thank you.
BTC Bull Run (2021 vs 2023)A comparison of the position of the chart when Bitcoin rises in 2021 and the extent of the impact of the acquisition on the market when it falls after the rise to the same current price areas of 43k.
While thinking, I received an alert notification from Trading View with news that intersects with the current thinking
News About at tradingview
and it is from cryptopotato cryptopotato.com
Author: Chayanika Deka
HBAR To Gain in Crypto Market DominanceHBAR's market dominance looks like it wants to move towards 0.9 -> 1%. This would be a pretty massive increase in its position in the crypto total market.
Weekly dominance has held around the same levels for quite some time now, with a previous breakout that moved back down to support. It has since broken out a 2nd time.
RSI and MACD indicated this divergence before it occurred, and MACD has recently flipped green.
The overall weekly trend can be placed within a parallel channel, in which its move back up from support began at channel bottom. This could mean HBAR dominance is about to move back towards the top of its channel, gaining significantly in market dominance - up to approximately 450%.
It is possible we see HBAR making a move to take its place within the top 10-20 cryptocurrencies in marketcap and market dominance.
Also, a strong chance we at least see a move back towards the center of the channel above, which would still approach 230%
Keep an eye on CRYPTOCAP:HBAR
Alt Season Incoming There is more than 3 parameters that we're getting into the Alt Season. But we only need 3
OTHERS.D as you see made a positive divergence exactly on 0.618 level of long-term fibo and, Touched the up trend-line for first time and showed pump reaction .The only thing we need is to break the down trend-line .
ETH.D had made a rising wedge and its going to dump or getting into trading range .
BTC.D raised for a couple weeks and its getting to the 0.5 level of retracement fibo and it has potential to make negative divergence .
MUH ALTS, They Bleeeding, here is why
As you can see in the chart BTC Dominance above the important Resistance Zone that we have been talking about.
This is why your precious Altcoins are bleeding. BTC and ETH are still doing relatively well in the grand scheme of things.
Remember, when BTC dominance is high you buy alts, what comes up must come down. Before every major alt season BTC dominance had a pump, only to dump while Alt season was unfolding.
BTC and ETH dominance both might be breaking out to test 52-57% and 22-25% respectively. Personally i dont think BTC dominance will rise much higher than 52% unlike ETH that might reach 25% considering the BTC/ETH pair chart is looking good and the hype around ETH and layer 2 solutions still unfolding.
Crypt Total Market Cap, Uptrend?This chart shows the total Crypto Market Cap, includes every coin on the market.
The Fib levels are drawn from the Covid Crash to the ultimate November Top. Upon the bearmarket retrace we bounced of teh 0.786 support zone to reach current resistance at 0.618.
There is a clear uptrend forming, now this is nothing to trade with imo, just important to note that this might be an area of support.
BTC is strong and we can clearly see that when comparing to the "Total Crypto Market Cap excluding BTC and ETH"
If there is more downside here i expect BTC Dominance to hit those 52%-55% levels
and ETH dominance to hit 22%-25%
while the Altcoin market will suffer greatly...
I still like the odds and will be swapping some ETH into altcoins once all the economical announcements are made this week and the data is clear.
Will also keep ammo for lower levels.
One thing to keep in mind, its all about perspective, just imagine seeing these levels during the bullmarket. These are the "Ah man i wish i bought then" levels
ETH Dominance one to look at. 25% coming?As mentioned in the related idea:
BTC Dominance broke out and this is the main reason your alts are bleeding.
Buy alts when dominance is high and sell them when dominance is low.
BTC and ETH dominance both might be breaking out to test 52-57% and 22-25% respectively. Personally i dont think BTC dominance will rise much higher than 52% unlike ETH that might reach 25% considering the BTC/ETH pair chart is looking good and the hype around ETH and layer 2 solutions still unfolding.
USDT.DOMINANCE UPDATE Hello, welcome to this usdt.dominance update by CRYPTO SANDERS.
CHART ANALYSIS;-USDT.DOMINANCE It got rejected by the horizontal resistance of the rectangular channel. Currently, it is forming above the mid-range, where the MA 100 is also acting as a support.
Now it will break the mid-range from here or after retesting the Ichimoku cloud, and this will be a bullish signal for the market as it moves in the opposite direction.
Hit the like button if you like it and share your charts in the comments section.
Thank you
DO YOU REMEMBER THAT I TOLD YOU TO BE CAREFUL FOR ETH.DI warned you to be careful for all alts. I told you dump is coming for all alts around %20 and it happened. Check my profile. Then I told u there is a coin I will share it with you. :) But not now. There is a coin which is going to make between 5x-7x on 40 days :) I will announce it. Very soon... Keep waiting. Movement is gonna start it is very very soon.
RED ALARM FOR ALL ALTS FOR 2 DAYSYou should be careful for all alts!!! There should be huge dump for all alts. LİKE 20%-25%. I have an idea which coin is gonna be number 1 after dump. But I will not announce it for now :) Just be careful for all alts!! The reaason of I am announcing the graphic of ETH.D is money should go to bitcoin therefore I am explaining it on that graph. The money that is gonna be out from eth is not gonna go to alts. It is gonna go to BTC. If dump becomes I will announce who is number 1 :)
ETH/BTC possible bounce entryAs BTC is ripping , altcoins are getting destroyed.
This is mainly because people are switching their altcoins into bitcoins in order to preserve their bitcoins. Bitcoin just went 70%+ in 1 week and destroyed altcoins there leaving them behind .
Above, i have provided possible targets to where altcoins can start bouncing.