Market Cap BTC Dominance, %Güncellendi Comparing past alt cycles with the previous bull market cycle
2017 Bull market alt cycle
- 1. January 2017 Bitcoin Dominance start to breakdown, Beginning ALT season 1
- 2. May/April Bitcoin dominance bottoms a temporally where mid-cycle start
And Alt tops out temporally as well. See ETH/USDT
- 3. Around the end of August, Bitcoin dominance started to go up again were eventually ended up getting rejected at 0.382 Fibonacci retracement
- 4. Around the end of October, Bitcoin dominance bounced. Alt had a minor pause/correction in November. (Dips are a gift)
- 5. December 2017 Bitcoin dominance failed to get above 0.236 Fibonacci retracements and 50 Weekly EMA. ETH make new all-time high
- 6. Alt season 2 begins
So far 2021 bull market alt cycle is a mirror of 2017
5 and 6 To be seen….
Assuming this bitcoin continues going higher.
Bitcoin vs BTC.D Mid-cycle theory
Key BTC.D must stay below 51%
Confirmation: ETH/BTC flip 0.0711 level. Below there is a dead cat bounce scenario.
- 1. January 2017 Bitcoin Dominance start to breakdown, Beginning ALT season 1
- 2. May/April Bitcoin dominance bottoms a temporally where mid-cycle start
And Alt tops out temporally as well. See ETH/USDT
- 3. Around the end of August, Bitcoin dominance started to go up again were eventually ended up getting rejected at 0.382 Fibonacci retracement
- 4. Around the end of October, Bitcoin dominance bounced. Alt had a minor pause/correction in November. (Dips are a gift)
- 5. December 2017 Bitcoin dominance failed to get above 0.236 Fibonacci retracements and 50 Weekly EMA. ETH make new all-time high
- 6. Alt season 2 begins
So far 2021 bull market alt cycle is a mirror of 2017
5 and 6 To be seen….
Assuming this bitcoin continues going higher.
Bitcoin vs BTC.D Mid-cycle theory
Key BTC.D must stay below 51%
Confirmation: ETH/BTC flip 0.0711 level. Below there is a dead cat bounce scenario.
Not
Not
ETH/USDT
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.