ETH dominance technically bad for ETHINVERTED CHART
ETH dominance 60% liklihood of shrinking
ETH dominance 40% liklihood of increasing
Falling wedge is bullish (bad) for ETH.D
ETH.D trade ideas
ETH.D Huge Fing Head and Shoulders! ETH Next Stop Moon!Aloha Crypto Millionaires!
ETH.D has printed a MASSIVE H&S pattern!
It appears the neckline is holding as resistance, for now. However, if/when we break through, I suspect ETH will commence its journey to $2K+!
I will be posting a chart for ETH shorter-term and longer-term Fibonacci price projections in the near future!
I think ETH could hit $20K by the end of this bull run!!!
Get 'em moon boots out cryptonaughts!
See you on the other side and follow us now for l33t TA on all the hottest cryptos!
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Guide to My Charts
-The dark magenta horizontal lines are support/resistance 'zones'. If price pierces though one side of the support/resistance zone, it is likely to head to the next support/resistance zone!
-Yellow lines are typically used to chart out pattern formations and trend lines!
-The colored lines are MAs (Red: 10SMA, Yellow: 21EMA, Green: 55EMA, Blue: 89EMA, Purple: 200EMA, White: 200SMA, Maroon: 377EMA).
-Horizontal white and green lines may be Fibonacci levels. The 0.382 and the 0.618 Fibs are green and the rest are white.
-The Historical Volatility Percentile, RSI , and/or stochastics indicators are below the chart if displayed.
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Disclaimer:
This is not financial advice; I am not a financial adviser. This information is not meant to be used for financial advice, nor trade ideas. These posts are simply a record of my technical analysis and potential trade setup ideas.
These posts are intended for educational purposes only. It is imperative that everyone conduct their own research prior to entering any trade.
The relationship between ETH Dominance and ETH/BTCThe relationship between ETH Dominance and ETH/BTC
Bitcoin v Ethereum Market DominanceCharting both the bitcoin and ethereum dominance side by side to keep eyes on the movement from both. After the massive rally bitcoin has had, I am expecting the dominance to be topping out around these levels, while the eth.d is starting to show some life.
While eth.d still needs some more time to simmer and consolidate post-retaking trend, I am expecting big things once it is done retesting its previous range high near the 11.6% range. This does not mean ethereum is not going up, it just means that everything else goes up at a faster pace over the next few weeks, before it flows into Eth. This would mean ETH outpaces bitcoin once it breaks out, which would play very well with the price action we are starting to see.
If btc.d does drop here, i am expecting it to go down to the 64-66% range if not lower.
Overall crypto market cap chart, which explains how alts are going up, eth is going up but the eth dominance is going down:
Previous eth.d v. band fractal, which has proven to be incredibly accurate:
:https://www.tradingview.com/chart/ETH.D/s1P1hYsu-ETH-D-v-BAND-Fractal/
Previous ethereum short term idea (missed the wick down by ~$20):
Previous btc.d that proved to be incorrect:
Long story short, I am expecting alts to go from here, pacing with ethereum, until the money flows into ETH and it rips to a much higher overall cap dominance.
BTC on the rise. Alts on the decline?BTC dominance on the riuse vs second largest crypto Ethereum which is declining on domincance.
Further analysis on the charts.
What do you think?
yes no maybe can you repaet the questiooon ? you are not my bossyes no maybe can you repaet the questiooon ? you are not my boss
again its all about financial freedom...
Looking for a DD on Eth.D to breakout of this WedgeWith the increased volume seen over defi summer, Eth.D increasing would certainly indicate a highly anticipated December alt season. Dipping under 12% for a week could prove negative, but for the time being, anywhere in this range is still accumulation zone.
ETH Dominance Gaining?As we analyze the Ethereum dominance chart we see an ascending channel of support holding the price up since the last move down. We also see a strong level of resistance indicated by the black horizontal line at the 13% level, a weekly close above this level "could" trigger an ETH dominance rally resulting in a dramatic price increase for Ethereum and an overall increase in the altcoin market.
22/11/2020 #Ethereum Dominance (ETH) forecast on the daily2/11/2020 #Ethereum Dominance (ETH) forecast on the daily
ETH Market Dominance about to reverse Historically, ETH reserves it’s trend to the upside in December.
Divergence Market cap ETH RSINow we get a little divergence in RSI´s market cap of ETH just in the treetops of ETH, around the first step $445,00, but with FOMO of elections, let's see if it may be an accumulation to continue and break the resistance in $446,96
Eth dominance ready to moveThe 23% retracement is being back tested currently. Looking for a bounce off that level for a long to the next level. Should stay in a range for awhile. Long term targets 78% retracement.
Ethereum Dominance (ETH.D) - September 23Hello?
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(1D full period chart)
Breaking above the 9.30 point formed an upward trend.
And, by breaking through the 10.99 point, we reached a bullish market.
We think we are ready to create a new wave by breaking through the 9.30 and 10.99 points, which are important points on the ETH dominance chart.
In addition, by touching the important section 13.27-14.26, I confirmed my will to create a new wave.
It remains to be seen whether it will gain support and create a new wave at the uptrend line (2) and at 11.70.
Also, I think it is important not to fall below the 10.99 point.
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(ETHUSD 1D chart)
The ETH dominance chart and the ETH price chart look very similar.
It remains to be seen if it can rise above the uptrend line (5).
If it falls, you need to see if you can get support at the uptrend line (4).
It is struggling as it declines from the 390.0 point.
We need to see if we can climb above the 350.63 point.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.)
eth dominance a great way to size up patterns and take profit levels are through dominance charts like this one... for example, a good potential take profit level is at the 50% retracement.
ETH.D v BAND FractalFractal observations:
Expecting the pump for the rest of the weekend. Hit resistance, then ETH.D possible meltdown. Bull run restart late-2020 a la 2018.
That forms a cup and handle for the previous chart and would possible coincide with the ETH2.0 announcements. 2021 might continue being the year of ethereum, if this fractal plays out.
Publishing to compare later, because why not.
Ethereum Dominance OutlookWell there you have it, the dip to the $9700 region we saw back in July. Now we wait for it to linger in this area while other cryptos continue their runs.
Chart:
Now the summer of ethereum looks to turn into the rest of the year of ethereum with the dominance looking set to go off after forming a rounded bottom and retesting.
Seems the bitcoin dominance was putting up its last bit of resistance with a fakeout.
Idea for summer of ethereum (back when I was still figuring out chart scales :) )
And now we sit back and see if the alt season plays out. I am expecting a BTC to alts relationship, as USD to emerging markets.
