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Ethdominance

Conditions for the Alt Market to commence (Dominance)Conditions for the Alt Market to commence. Transfer of funds should move from BTC, USDT to Alt. ETH's dominance fell to 8.74 and then rose, but fell to 8.87 and rose again. BTC's dominance moves within two downward trend lines of the published BTC.D chart, while USDT's dominance should fall below 1.70. ETH dominance should rise above 9.30 and XRP dominance above 5.99. If this happens, the alt bull market is expected to begin. ETH's dominance should rise above 10.99 and XRP's dominance rise above 8.04 in order to get a very big bull market.
CRYPTOCAP:BTC.D
by readCrypto
ETH (Prj.2019.P02.E03). MACRO Level TAMany things look bearish but more so undecided at this point, hence I would expect sideways movement for some time even though some things have confluence (favorite word to explain things in common) in the bearish direction. ********** If I was to make a call for ETH, I would say there is more downward pressure for the long term because of the strong rejection. ************************ In short: a) ALT Dominance chart still in the down trend, at best it can go sideways. b) BTC holds up better than ALTs in a down trend. Last 2 days, BTC found gains and I would expect this to continue. c) ADX and DI indicator shows in the 4 hrly chart, more down ward pressure d) RSI hitting 8%, accepting that its oversold, however this doesn't mean it will bounce up quickly e) Accumulation index is below 0 f) I have ETH still in the downward channel with a strong rejection at the top of it. ETH WEEKLY Chart: All EMA\SMA above the price, strong rejection. ETH 3 Day perspective Price in the strong support range and hence why I expect more sideways movement in the short term. Hence I would wait and observe some more ALT Dominance chart BTC Dominance chart (4 HRLY Chart) BTC Dom. Daily chart Interesting to note, GOLD has gone up around the same time? 4 HRLY chart
Long
by ssari
3