Flippening
IS ETH FLIPPENING REALLY HAPPEN?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.
Lets compare bitcoin dominance to the other coin.
ETH is the top and largest altcoin by market cap.
Bitcoin dominance shows BEAR FLAG,
While ETHBTC shows BULLFLAG.
(This is just a simple idea which totally rely on chart pattern.)
Is it a possibility of flippening?
Lets put your thought in comment.
Insane Bullish Signal For Ethereum! FLIPPENING!*Disclaimer, this is not financial advice, just my opinion as a crypto enthusiast.
ANALYSIS
On the weekly ETH/BTC chart we have a "cup and handle" formation which is known to be one of the most consistently accurate chart pattern.
PATTERN CHARACTERISTICS
*The base of the cup is very smooth (rounded) rather than jaggedly or V-shaped which gives this pattern more credence.
*Volume is drying up as the handle forming; reaching its presumed lows
*The handle is a within range, dropping around 25% so far and staying in the upper range of the cups base. If the handle drops below 30% this makes the pattern less likely. *However this has been a very long cup and we are potentially at the bottom of this possible short bear market we're experiencing; which can cause extra weakness and shakeout, in this scenario the pattern would still be completely sound if there was a further shallow decline.
TARGET
*Target is calculated by drawing a line from the bottom of the cup to the top and adding that to the breakout from the handle
*The breakout has not happened yet so this is still unconfirmed
*Breakout should occur on strong volume and surpass the high of the cup's base
---> CALCULATED TARGET IS APPROXIMATELY 0.15 (which would take Ethereum back up to it's All Time High.
Let me know what you guys think, is this possible, would this result in a FLIPPENING, would really love to hear your thoughts?
"The Flippening" is Already Here - Why Bitcoin May Be in TroubleWhat makes the crypto space exciting this year (and also a little scary) is that individual coins have been popping off, independent of what Bitcoin is doing. If BTC is king, it's losing its grip on power as the ecosystem matures and that is also reflected in the numbers as well.
ETH is coming for the crownSo, as you can see, since ~20th of Feb, we've entered and, for the most part, stayed within the Pitchfork channels the entire time. Only exceptions being a few of our four hr candle wicks busting thru the support beams at the bottom, but they always closed above.
Now, we are at the top resistance line of the last channel. Separately, there is a new channel that we have broken into (pink and green trendlines) more recently, when we started hitting ATHs daily, and sometimes multiple times per day, with ETH. Following up the chart, you'll see the cyan and pink horizontal support and resistance levels we are currently using, and finally, circled in yellow: where I believe ETH is going to be forced to make a big move. Indicators show, to my knowledge - which is dubious at best 🤤 ***this is not financial advice*** - that we are going up. However, both ETH and BTC it seems are due for a correction, so, possibly this is it coming up soon.
Regardless of which way the candles go, always have stops and takes set. Or else you'll get rekt. And then, what was the fucking point?? Good luck! (Check chart on daily as well for more confirmation with these indicators)
TA behind the flippeningOn the left we can see the still bullish yet slowed down move potential on BTCUSD
this slowed down bullish movement is indicated by the bearish MACD cross on the weekly chart
Similarities to the 2017 run and the current run can be seen at point (1)
yet the 2017 run lacks a bearish cross, so in a way this run is unique when comparing the two
On the right we can see ETHBTC currently in a bullish state testing 0.786 fib level
Whether or not a move like this (in yellow) would cause flippening im not sure.
These are the reasons though why many are arguing a flippening scenario
The use case for Ethereum is much greater, MUCH greater. With the development of DeFi and the NFT art community it is quite obvious when you throw some rational thought behind it.
I'm excited to see what the future holds for Ethereum. (and BTC ;))
These are both the Weekly charts.
$BCH/BTC temporary flippening?This will probably make me unpopular with some people, but then again, I just look at the TA so here it goes...
BCH was basically in a downtrend since it's inception and is now undergoing and uptrend which if keeps on track could possibly lead BCH to ~1.1 BTC target which is given by the fibs.
This in turn would result in a so called "flippening" with BCH having higher marketcap then BTC.
While most people view this as impossible, I consider it a possibility, but with an important taught in mind; If the targets hit, BCH won't stay there for long, therefor the flippening would be temporary.
ETH - Long Overdue Bullish BreakoutRecap : Ethereum entered May extremely bullish. First it resisted deeper corrections when BTC and the TOTAL2 market corrected in April, then it came flying out of the gate towards the mid/end of April, growing over 70% to today. Quite exciting.
Looking back we saw two consolidation periods where MMs appear to accumulate before a slow growth from 26 April until early May when we saw another consolidation period before breaking out of a bull pennant on 05 May and closing into the 1/1 on Gan Fan, signaling a bullish breakout and continuation of the macro bull trend.
Whats Next? : Estimating price targets here is dicey when a coin is in price exploration, but taking the size of flag on the penant, and the size of the large end of the pennant as two ranges to measure potential breakout against, we arrive at two long targets. Keep in mind that these breakouts will not be a long green candle to the target, we'll follow the waves up and down towards those targets:
~3,670 USD
~4,000 USD
If we can reach 4k, I'd look for retracement to around 3.5-3.6k, which lines up with the top range of our highest value area currently, and also aligns almost perfectly between 38% and 50% retracement on the fibonacci from the 04 May breakout/pattern, and around the 20% retracement against the breakout two weeks ago. If we fall below there or only reach 3.6k before retracing, the next support to retest is around 3k which aligns with the ~40% retracement on the two week breakout/pattern.
This will be invalidated if we fail to reach the long targets, in that case I'd look for support near the light green points of control I highlighted. Also with how bullish ETH has been, it can't be ruled out that it simply breaks past these targets, the Stoch RSI looks extremely healthy on the 4 hour chart and is still (barely) emerging from oversold territory around 22, and MACD is trending extremely bullish but lower volume.
Note : Alternatively we could also see a consolidation period, and if we fall to retest the area around 31.5and bounce, which is a brief POC that supported the last consolidation pattern a few days ago. Considering the bullish sentiment around ETH I wouldn't be surprised to see MM accumulate a little more before the next leg up.
Remember as always this is just my brainstorming and not financial advice. Good luck.
ADABTC setting up for some nice gainsCardano looks to be setting up above a resistance level that's been holding it down since early March. If it bounces up with any amount of strength from here, it will likely explode upward to meet the next resistance to beat at the .00002917 BTC level.
What's interesting to me is that this corresponds with a solid dip from BTCUSD. I think the Altcoin flippening is about to happen in full force, and high quality altcoins will be the next targets for growth while BTC is correcting.
ETHEREUM / BITCOIN -W- CHART - 2021/22 Ethereum to FLIP BTC?!Ethereum bearish divergence happening on the indicators. But, one must be open minded to the possibilities here. If ETH blows thru .046BTC valuation it is going to the upper white supply line. Which is the .382 fib node (highlighted in purple here). Considering then, the ascending broadening wedge pattern it is in (white lined pattern), The upper supply line would be your first selling point. If...ETH keeps testing that white supply line and blows threw it, and confirms above it, a massive thing will take place...ETH is only 5 x USD marketcap valuation from BTC's marketcap. Confirming above this supply line would suggest an ATH BTC ETH evaluation and a marketcap nearly equal to BTC. 2017 had a BCH/BTC flippening scare...but this is 2021 and a new bull market. I cannot say, but if....a flippening could happen....it is reasonable then to understand this possibility. but mountains must be moved here for this to take place. BTC is the center of crypto, but ETH network flows more money than BTC every. single. day. It could be very plausible then....this could be the year ether.
Happy trading. Be careful out there.
BSV flippening of BCH soon?!Usually we see the BSV/BTC pair 'pump and dump'ing. - But we are witnessing a retest of a falling wedge right now. - It might be the beginning of an (long term) uptrend here. - Considering the positive news that Binance (better said: Users that use Binances mining pool) began to mine BSV quiet extensively. (~13% of all BSV hash rate as of today).
With Binances hash rate, BSV began to surpass BCH in the total amount hash rate.
There are 2 variables left for me to really flip BCH in today's metrics. - Amount of mining nodes and block length (BCH is only 220 Blocks ahead.)
Which means BSV is undervalued and a long position could be considered here.
Price/MACD Daily Trend Divergence Portends ETH/BTC Surge REVISITWhen price makes lower lows but MACD line makes higher lows this is the divergence I am referring to (as circled in orange). This has only happened 2 times before and each time a massive rally has followed in the ETH/BTC ratio. Based on past moves, the rally could return around 2200% (from early Sept. lows).
REVISIT
I published this idea on September 25th incorrectly showing 3 historical instances of divergence, and a max duration of 166 days for the move to play out. In this revisit I have removed the third instance of divergence in mid-November 2017 because the MACD blue line's higher low does not correspond with a lower low in price (no divergence). Lastly I have doubled the duration in which this move could play out because the latest divergence occurred over 2 months and the 2015 and 2016 divergences each occurred over 1 month.
xrp flippening?xrp is making great gains for those who traded near the bottom (as per my previous charts)
we are at some resistance here now:
- 200dma
- monthly 7ema
however this is just the start of the big wedge breakout (line charts shows clarity).
will xrp ever surpass btc in terms of stature - faster and cheaper transactions with real world uses... would you bet on it?