This 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...
Bitcoin 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...
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...
Looks like LTC may be breaking out of its decade long descending wedge against BTC. What this could mean is anyone's guess. Personally, I have set up a grid bot on LTC/BTC, with range extending to next fib extension from ATH. Stackin' SATs with Litty. Its going to be an interesting year. As always, not financial advice.
The 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...
When ETH cap approaches 50% BTC cap they both fall down. So crypto should be reaching a peak soon. Each time ETH holds up a little better than BTC. When BTC gets a bit closer, one of these 50% cap crosses will continue on ward until ETH cap crosses BTC cap, The Flippening. However, until that happens, I must assume they both sell off at the cross.
Under normal circumstances, with the Ethereum Proof of Work merge being less than three weeks away, you could regard a swing like $2,000 --> $1,500 as a buying opportunity. However, you should always remember that today, crypto, especially both Ethereum and Bitcoin, have futures contracts and ETFs (The TSX has an Ethereum ETF) being traded by major Wall Street...
With the Merge incoming, Ethereum is getting closer to the ATH against Bitcoin ($ETHBTC)
Whenever ETH market cap approaches 50% of BTC market cap, the BTC-ETH plot in yellow, there is a sell off. However, in recent years ETH has been holding up better and gaining ground on BTC. This means money is flowing from BTC into ETH. As BTC-ETH nears 0 we should finally see ETH break out above it. Perhaps even this time! However there should be more pain in the...
The 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...
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....
This 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...
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**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...
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...
Where is the flip that I hear everywhere ? I'm waiting. In while... It could to drop 50%
Reminder again - the weekend candle close confirmed ETHBTC Breakout last sunday but I think we may see resistance of stay in this channel of sort before the tripling needed (100%) to flippen BTC.
In this video: * Ethereum to Bitcoin pair can be traded * Risky trade * Target 17% moderate to risky * Target 28% higher risk; very aggressive * Follow me on substack to see if I enter this trade!