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Flippening

ETH breakout, short term pullback, long term runThere was more than 6 months of pullback for ETH but there was a clear descending resistance for the last 6 months, every time ETH hit it, it pulled back. We had a double tap and failure to penetrate in October and early November and then 24.Nov we broke through resistance and started to run. This still seems to be early on in the run. We have seen days where ETH outperformed BTC and in fact we are trying to break down the support for BTC Dominance. You can see its clear trend up and how we are testing that support line now. If it breaks down we will likely see ETH run and the stage may be set for a flippening. I think more likely is that support holds and BTC dominance will start to rise again around this point. BTC Dominance: There are many reasons BTC dominance will run but one that is common is that BTC pulls back and the rest of the market pulls back a lot harder. If BTC loses 5% a lot of alts will lose 20% often. Another way BTC dominance runs is if it breaks out and runs for big gains, already having a near a $2T marketcap now, a 5% run would add $100B of market cap for BTC. BTC tried to break out and it rejected, there is a possiblity that we could trace this all the way back to $68-$70k here depending on the speed of descent. Also though, BTC has been strong and bullish, there is very much a chance that we consolidate and build up here and break out, so this line is really significant, its probably the difference on whether BTC dominance runs because of BTC pulling back or running hard. BTC Chart: ETH on the other hand, looks like it has broken out of recent multi-month resistance and seems to just be getting started, but this channel it has assumed is already showing us were we should see support and resistance as it continues to run. This looks like its early on in the breakout really but does look likely that we will pull back more here. If you see this price break top of channel, expect another run and if it breaks bottom of channel, be prepared for a noticeable pullback. In the meantime, as long as it is assuming the channel, it is ascending and bullish. Keep an eye on BTC, we know if its not happy, generally the whole market suffers. Its hard to find profits on other assets while BTC is dumping so even if you are not trading BTC, you should be watching it.
COINBASE:ETHUSDLong
by EncryptShawn
3
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.
CRYPTOCAP:ETH.DLong
by BallaJi
3
ETHBTC - The Final Support and The Final CallBitcoin has been very dominant and managed to push ETH all the way to the final support line. This is a 4 years old diagonal support which crosses with a 6 years old horizontal support line. Please tell me if I am wrong, I see a three patterns when zoomed out; First is a massive rising double bottom, Second is a massive cup and handle, Third is a massive inverse head and shoulders. All indicators seems to have bottomed out as well. And on the other hand, Ethereum network is very active, wallet count is increasing, burning mechanism is working well; in the last 30 days -39,767.33 ETH were burned. It is simply deflationary. My observation causes my instincts to tell me that this is the final call before the big flippening narrative starts to be spreading again. I know BTC is the key player in crypto, but I dont see ETH getting crashed any further againts it. Do you see any bearish patterns or signals? Please let me know in the comments if you agree or disagree with me.
Long
by TheAlchemist888
3
ETH/BTC - Flippening ... What Flippening ???My analysis of the ETHBTC chart suggests that there will be no Flippening, neither soon nor ever, an idea which I hope you will challenge with tough questions. After all, this venue exists to arouse the reverse-engineers and to provoke the thinkers to do what we do best. As always, I strive to render these ideas of mine so obviously that their explanation will require no words, and this forecast is no exception. Although my trading tactics - including the beauty of Tradingview and how it makes me look good - are based on identifying the opportunities within VOLUME, VOLATILITY and TREND EXHAUSTION, this is not a trade, per se, but the consummation of my understanding of the future of Ethereum as a "commodity". Furthermore, I am preparing the charts of XRP/ETH and AMP/ETH as part of the complete analysis. Now that I have enough followers for live-streaming eligibility (many thanks!), I intend to do a recurring weekly show on prospecting within the cryptosphere, where those charts and others will be showcased regularly. First, though, I have a few more ideas to upload as I update other key charts for the final Quarter of 2023. Until then, be liquid !!!
by TheLeadingIndicator
3
"THE FLIPPENING" : When ETH flips BTC in dominanceThe flippening, or when ETH exceeds BTC in dominance, aka flipping dominance, will happen on May 2023 according to this chart. By charting the ratio of ETH dominance, ETH.d, to BTC dominance, BTC.d, the flippening occurs when the ratio exceeds 1. ETH.d to BTC.d ratio has printed a cup and handle pattern on the higher time frame. This pattern's measured move, if the ratio breaks out of it, exceeds 1 meaning that ETH would have flipped BTC in dominance. By projecting a rising channel from the handle, the intersection of the measured move is around May 2023. At the moment it seems inconceivable that crypto will rise, but drops of 80% to 90% are common in alts in bear seasons, bull seasons will be in the multi Xs gains for alts. BTC is facing many problems, the largest of which is energy consumption, currently turning a profit mining BTC is in the red as energy prices have risen and BTC price has dropped. Another problem is that BTC transaction time is exceedingly slow and BTC lacks smart contracts. ETH merger has addressed the problem of energy consumption in mining and theoretically transaction fees which have been astronomical since ETH price has risen. ETH technically is a better contender as a BTC replacement. Also, ETH holders from March 2019 covid dump have outperformed BTC holders. Microstrategy would have been in better shape if it held ETH. In an old idea below, I predicted that ETH will reach the neckline of the cup and handle around 25% of the market cap.
CRYPTOCAP:ETH.DLong
by nagihatoum
21
Ethereum - The Hard RealityUnder normal circumstances, with the Ethereum Proof of Work merge being less than three weeks away, you could regard a swing like $2,000 --> $1,500 as a buying opportunity. However, you should always remember that today, crypto, especially both Ethereum and Bitcoin, have futures contracts and ETFs (The TSX has an Ethereum ETF) being traded by major Wall Street players. Because the overall markets are in stage one of deflating a major 20%+ bear rally, and everything is currently set up to begin a descent to retest the COVID-era lows, your digital currencies that you hold in such prized regard will be follow the tides, as will all commodities, such as silver, natural gas, oil, etc. In my opinion, BTC actually ate a Bump and Run Reversal on its second trip to $60k, which coincided with some major US Bitcoin ETFs launching. The land that lies ahead for BTC is a trip to $15,000 and $12,000, and it will never be particularly bullish again. It will always be a laggard in the market from here on out. BTC will kind of become Ethereum's Bitcoin Cash, even though it will be worth more per coin, it will trade in this clumsy and heavy and slow pattern that isn't very useful to anyone, a lot like trading gold futures, except worse. Instead, I called in July that Ethereum will actually undergo a proper "Flippening," the kind of which ETH bulls have been waiting for, to occur as the rest of the market dies. You still won't see 1 ETH > 1 BTC, because there's 8x as many ETH as there are BTC, and all of this is still a simple function of market capitalization. This is the purpose of the PoW Merge: to lay groundwork in conditioning public acceptance, especially among young people, of the coming smart-contract enabled, censorship-equipped Central Bank Digital Currencies. The results of which will mean your "money" is censored by the state as has been done under the Chinese Communist Party for more than a decade. A reality of CBDC smart contracts is that disbursed "money" works more like coupons or food stamps. For example, in Ukraine, their Diia CBDC app handed out digital currency in exchange for complying with edicts like Coronavirus Disease 2019 vaccine acceptance. But the "money" couldn't be spent on whatever you wanted. Instead, it is communist command economy stuff, such as only being able to purchase books printed by state-approved printing houses. CBDCs are not something to look forward to, just like communism will ruin your soul's futures and isn't going to save you. But a lot of you will think all of this is "progress," until the reality of living under the evil Party is demonstrated through its jackboots on the back of your head while you're face down in blood covered snow one cold and dark winter day. But the reality of ETH going to $4,200 for a "Flippening" while the rest of the market corrects is that first you get a major shakeout. It's like dancing. To go forward, first, you go backwards. And the reality is, Ethereum is no longer in a bullish market phase. There's a lot of unfinished business Ethereum has in the three digit range, and it's a range that a lot of people will panic sell in or sell because the rest of the markets are going down and they need to cover margin, which is calling. For the patient, it gives you quite a buying opportunity. But if you're using leverage, you really have to be extremely careful under the $880 lows. The MMs will break your neck, and it will happen very suddenly. But whoever gets long, you should know that when Ethereum prints $4,000-$5,000 again, it's not going to last and the Party is quickly going to come to an end, because central banks are never going to allow a pseudo-decentralized anything to operate in their space as anything more than a heavy second fiddle. You shouldn't have faith in digital currencies. You should have faith in mankind's traditions and our traditional money systems. Buy metals, but don't put all your fiat into them, and hold for the long term, because mankind will return to its traditional and Divinely-given way of life. One day that isn't very far away, computers will be depreciated and you'll need real goods and services to trade for real goods and services again. And then, everyone will actually be happy. It will happen in this lifetime. It will happen very, very soon.
GEMINI:ETHUSD
by LordWrymouth
1
📌🔃What is Flippening (Ethereum vs. Bitcoin)❓❗⚔️ The possibility of Flippening of Ethereum vs. Bitcoin is much more than before! King and Queen battle for taking over the Dominance has been continuing !! ‏ The term Flippening was colloquially coined in 2017 and refers to the possibility of the market capitalization of Ethereum (ETH) overtaking the market capitalization of Bitcoin (BTC). Therefore, the term describes the hypothetical moment in the future when Ethereum becomes the biggest cryptocurrency by market capitalization. Although Ethereum and Bitcoin are named the king and queen of the crypto space, respectively, and they seem to be friends; But there has been a battle for the power of these two leaders of the crypto market. The dominance of the king-Bitcoin has been more than others and also of Ethereum, but for some time its dominance (BTC.D )has been closing to its ATL , and the dominance of the queen-Ethereum(ETH.D) has also been increasing and is closing to its ATH ,as the merge event approaches! but also at the meanwhile , OTHERS.D .USDT.D and .. Have been almost decreasing ! check it out here! However many Ethereum supporters were hoping for the Flippening to happen. Speculators were stating that the greater flexibility and the ability to write smart contracts would propel Ethereum over Bitcoin in those rankings, but the Flippening never really occurred yet. but now in my opinion if the merge event be successful , it is not unlikely that this will happen even within 1-2 yrs ahead, which is very critical for the crypto space and will change the current equations! but flippening is a litle unlikely in terms of market capitalization, but nonetheless possible! So this term "Flippening" refers to the hypothetical moment of Ethereum (ETH) overtaking Bitcoin (BTC) as the biggest cryptocurrency isn't an easy event because according to coinmarketcap data , the current Ethereum MarketCap is about $203 B ,meanwhile the Bitcoin marketcap is about $379B (~2X bigger), so filling this gap need a lot of liquidity to be filled . At 100% crossing they both have the same market capitalization. Even though market cap is the main metric to determine "The Flippening" (above), there are a number of there are a number of other metrics that you also can observe (below). check it out here! www.blockchaincenter.net but the question is :What happens to Bitcoin if Ethereum takes over the dominance of it !? Apparently, this happens completely to the detriment of Bitcoin; But maybe this theory is even completely opposite, that is, the strengthening of Ethereum does not mean the weakening of Bitcoin , especially in the long term! ! They are fighting for a common and greater goal, not against each other. Bitcoin's proof-of-work will always retain the very highest degree of imperviousness and security. That could become increasingly valuable in the coming years -- it should not be underestimated Although, at the same time, with Ethereum's migration from proof of work to proof of stake, it can attract more liquidity than before! And in this case, both cryptoassets/platforms serve two very different economic functions. It would be about Ethereum becoming more valuable, and would not diminish Bitcoin. Bitcoin’s inherent value lies in its potential to be a quasi-gold standard and store of value. At the same time, Ethereum serves as the backbone of Web3, propping up the DeFi and NFT ecosystems, among others, that comprise numerous interconnected platforms. So this is more about Ethereum increasing in value rather than Bitcoin losing its own.but it may reduce the appeal of competing layer-1s , i.e. Ethereum competitors! Final thought: Flippening has been an event that cryptocurrency market experts have been warning about for years, and now with Ethereum's proof-of-stake performance, the possibility of its occurrence has accelerated, and it can greatly influence the crypto space. While a flippening may not really harm Bitcoin’s position and its inherent value proposition, it could have an impact on the wider crypto ecosystem in various ways. sources: coinmarketcap-cryptonews.com This article is For informational purposes only!
CRYPTOCAP:ETH.DEducation
by PRO_SMART_Trader
10
Bitcoin - An Unimpressive ClimaxThe motion of matter follows a law, and so does the price of stocks, commodities, bonds, and cryptocurrency. While you may want to see your bags reach $100,000 someday, if the Lords on Wall Street do not want to take the risk to facilitate your fantasy, then it will never happen. Crypto is inhered with enormous risks that were established in the same way that one wires a building to self destruct. You leave it alone and let it stand, making use of it, until it's time to bring it down. $65,000 was the top, and a return below the 2017 All Time High is a signal of the end, not a new beginning. Bitcoin is going to have a flaccid bounce, I believe very likely this week, to a number approximately $26,000. Ethereum and Bitcoin Cash will have much, much better % based runs, but will follow an overall similar pattern, for now. Afterwards, Bitcoin will begin to dump and the previous low of $17,500 will not hold. Where you're headed for is $14,500 and sub-$12,000. The bounces in this range are likely to be particularly flaccid and it may not last for very long. Bitcoin's ultimate target is three digits as it will be replaced by Central Bank Digital Currencies and will only remain traded as a relic of the past. Once futures are ultimately delisted from the CME, it will fall towards nothing. You should not have faith in any digital currency, for they have been occupied by the Chinese Communist Party and now serve as a vein of the CCP's international underground banking network. This network is operated by the Triad. If you understand what I am saying, you will understand why nobody is bullish on digital currencies. At some point, as the International Rules Based Order gets more and more strict with Xi Jinping, the U.S. government will put the clamps on fiat <--> crypto because the stablecoins are effectively counterfeit money. Short @~$26,000 with a stop around $28,500 gives you a 4:1 RR Don't listen to the moonbois on Twitter, Reddit, and Discord. They don't trade. They don't have money in the game. They're nocoiners. They sit in a cubicle being paid $15 an hour to convince you to lose your lifesavings like total losers. Danger abounds. Danger is imminent.
Short
by LordWrymouth
3
Crypto Decouples From Stocks. Is the "Flippening" on its Way?On Friday the (currently volatile) stock market rallied a little, putting Wall Street somewhat at ease. But an interesting thing happened that day that never happened before - crypto assets actually went down, instead of up. If you're a crypto holder you're probably prefer to see the pattern reversed, but it's still an interesting pattern worth exploring further. If crypto and stocks are finally "decoupled", does this mean that when stocks go down next time, crypto is going to go up? If so, when the recession hits later this year, it could mean good things for the crypto ecosystem, long-term. The "flippening" may well be on its way. Many investors are waiting to see what happens on Monday, when Wall Street opens up again - the fiat markets are likely to go down again in response to Friday's rally, at least in the short-term. How will crypto assets respond to this event? Will it move in parallel again? Or will it do its own thing? Also a few comments about Tezos (XTZ) and Dogecoin (DOGE) that displayed independent movement on Friday as well.
Long
by RyanTanaka
Why I am NOT holding BITCOINThis above is the well known Bitcoin Dominance chart. It keeps making lower lows and lower highs. I hold zero BTC in my portfolio. In the scope of an investor, there are plenty other cryptos with much more potential. Bitcoin remains the safest cryptocurrency with its proof of work, but people are starting to understand that it has very limited use cases, very slow transaction speed, and cannot scale. In short, it is getting old and it is harder to get returns like 2x by holding BTC (that would mean a 100k BTC right now). The FLIPPENING didn't happen, yet. But it is getting closer. Current BTC marketcap is 882B while ETH is 420B. We can't see much information on this chart, that is why I coded a simple indicator that put into perspective the progress of ETH getting over BTC in market cap. (You can get it on my profile scripts page) The chart shows Bitcoin marketcap divived by Ethereum marketcap. On September 2019, Bitcoin's MarketCap hits ATH against ETH, by being 10 times bigger. Today, the ratio is about 2x only. When this ratio drops below 1, the FLIPPENING will happen. We can easily draw a descending channel on the daily. This helps forecast an approximative date for said FLIPPENING: IF WE REMAIN IN THIS CHANNEL, THE FLIPPENING WILL HAPPEN BEFORE FEBRUARY 2023. A breakout is possible, but rather unlikely. My point is: I don't want to miss the train. Some cryptocurrency projects are building the future of the internet RIGHT NOW, and bitcoin isn't. It is going to be replaced. I will then be looking at some of the biggest layer 1 opponents which are popping off right now. I like to call them Bitcoin Destroyers. Here is 8 of them: All of them are beating Bitcoin right now and could stand a chance at replacing him in the long run. Not financial advice, do your own research.
CRYPTOCAP:BTC.D
by cyatophilum
9
ETH/BTC - The MOST Powerful pair in the cryptoverseHi Traders!! - Please THUMBS UP and comment if you appreciate the chart and TA x big love xx ___________________________________________________________________________________ Here we have the MOST Powerful players in the whole of crypto - Bitcoin & Ethereum... Paired together; and if having a knack for trading pivots, can be one of the best ways to increase the amount of Bitcoin and Ethereum you own by flipping, no USDT risks just gradually every few weeks using a certain % of your portfolio can lead to tremendous gains and i was regularly doing this on Poloniex in last decade and helped keep my 10BTC minimum while being able to invest in some of the other lesser coin available at the time Now with the amount of Ether leaving exchanges, more so than bitcoin currently, it might come to a point where ETH will explode big time due to 2.0 staking and scarcity, this IS the trade you want to get on in 2021, for new comers its called the 'FLIPPENING' and looking back to 2017/2018 you can see how powerful this trade is if you get it right... So currently we're bouncing around a wedge pattern, which is nice for small plays on the pivots from approx 9-15 days or so days we can buy and sell with good profits 0.55 to 0.7(or higher) - If bitcoin begins a supercycle we could see ETH get left behind lagging a bit which might knock us out of the wedge on the downside but im fairly certain after that we will start to climb and test the 0.1 level for the first time this year personally, i use around 33% of my BTC and ETH holdings when i do these flips as i don't want to go in fully and miss out on an expected move, i have been doing this for years now, successfully, using Fib levels as entry/exit price guides I hope this was useful to you and if you have any questions please feel free to put them below and I answer everyone personally :) Big Love x Majorlee
Long
by majorlee
2
Ethereum grows against BTC, could ETH be the next super-cycle? **Thank you for checking out my chart, please 'Thumbs Up' if you like it and support me below by using my links x ** ___________________________________________________________________________________________________ Weekly view on ETH/BTC Using a fib retracement we can clearly see the levels of support and resistance as we go into 2022 and beyond - currently price is around the 50% level around 0.082 on 1st Dec 2021 the 0.1 level will be a big test on the resistance and even tho ETH is very strong right against BTC we will still have some plays that allow the price fluctuations to be able to profit from quite easily, just stick to the levels and most of the time it really does respect them and gives us a great guide to set orders if we so wish. Double top situation or more upside to occur? looks incredibly bullish to me but we could see prices come down to deeper fib levels too Could ETH start to flip BTC? Will ETH be the stronger coin that leads the supercycle? crystal ball needed or as per usual time will tell, even with high gas fee's, adoption and users creates a power of force that no other coin can really claim still, sure SOL is a better coin but still years away from the adoption ETH has seen If you think i missed anything or would like to add a comment please feel free to do so below
Long
by majorlee
2
ETH/BTC turning resistance into support?Look back at the history of the pair and you see that .08 is major resistance that has acted as a rejection zone multiple times. Now that eth wallets are at an all time high, BTC dominance is falling and technically ETH/BTC is in an uptrend since Sept. of 2019. If you're like me and you believe in lengthening cycles and that the bull market is still on then this is an early confirmation of what many believe can happen in this cycle. Eth flipping Btc in market cap. Fundamentally it makes so much sense with the NFT craze reaching pop culture and celebrities truly giving crypto a world audience for the first time. Die hard early investors scoff at this but I don't know what they think mass adoption means. It means viewing parties of the bachelor in the metaverse and NFTs of Seinfeld and The Office episodes and scripts. Eth has the network effect and momentum to flip BTC if it can turn this .08 res into support. The first time I ever bought BTC was an ETH to BTC trade when eth was .86 and it was a good trade. NOW, I would NOT make that same trade. It's actually in these dips that ETH shows its greatest strength against BTC. It's only down 10% from the recent highs when the overall market has fallen over 30% - that makes me bullish AF. Bullish on Eth and Bullish on crypto as a whole. I think this area will hold as support and we will see the ETH/BTC value continue to increase throughout 2022 and until whenever this bull run does end. Happy trading and investing folx ✌🏻
Long
by AstroMalorie
1
Ethereum into 2022 - Fibonacci levelsQuick update on ETH here.... its dominance is growing, less and less ETH available to exchanges could see the price rocket, huge fund advisors like Pal going very bullish but lets just assess the situation first, we saw flash crash last friday just outside midweek market hours and if bears take control, we need to see where ETH is likely to follow.. fib levels are my steady go to, already with a spike hitting the 38.2% level, will it go further south? still very dependant on bitcoin but dollar strength will play a part as DXY grows (see other chart) keep an eye on 9pm UTC and the market opens that come monday, these markets might make all the news if these defaults hit in hard! have a powerful week ahead and festive wishes for last of 2021
by majorlee
Is the Ethereum “Flippening” Real?For those unfamiliar with the term, "flippening" alludes to the point in time when Ethereum (ETH) outpaces Bitcoin (BTC) in market capitalization. Well, as of December 2, 2021, Ethereum market capitalization is less than 50% away from flipping Bitcoin. Market Cap Comparison According to CoinMarketCap data, Ethereum's market cap stands at over $557 billion versus Bitcoin’s $1.1 trillion market cap. Based on this market cap, for the flippening to really happen, ETH’s price would only need to rise to approximately $9,000, while at the same time, Bitcoin price would need to remain unchanged. ETH/BTC Chart Analysis Following Bitcoin's April 2021 crash, the ETH/BTC chart has bottomed out, and the price of ETH has outperformed Bitcoin. Here are three technical factors in favor of Ethereum’s Flippening: 1. Currently, ETH/BTC price is in the process of breaking out of a rectangle pattern, in which the ETH is price soaring faster than Bitcoin's price. 2. The golden crossover signal on the ETH/BTC weekly chart happens when the 50 moving average crosses above the 200 moving average. This is a powerful bullish signal. 3. Ethereum is trading above its previous all-time high. Actually, ETH broke above $4,384, has successfully retested it, and the bulls managed to defend that level which is now acting as support from where prices are currently soaring. Looking Ahead: Ethereum has previously come as close as 80% to Flippening, will it succeed this time?
by cryptohopper
2