In my opinion the most important chart in all Crypto is the $BTC.D. We have been writing and observing
BTC.D for almost 6 months. I predicted here that we will see
BTC dominance @ 66% before the end of this cycle. And we saw
BTC.D touch 65.9% on June 23 as visible from the weekly chart, which is close to our cycle target of 66%. See my blog from April 14.
BTC.D to 66%,
TOTAL2 / BTC down to 0.43 for CRYPTOCAP:BTC.D by RabishankarBiswal — TradingView
But since then,
BTC.D is going through reversal. Currently @ 61% the dominance has tumbled in July. Even if
BTC is holding on to its ATH with price near to 118K $ the dominance is clearly in a downtrend.
But then we see something which
ETH.D has not done since 2019. In the chart below we have super imposed the
ETH dominance on the
BTC Dominance.
ETH Dominance as the name suggests is the % of Crypto Market Cap that can be attributed to $ETH. The
ETH.D double bottomed in 2019 @ 8% and then went on for a reversal with
ETH.D peaking @ 22% on Nov 21. Both the Dominance charts have an inverse correlation but have one thing in common. The trend in the Dominance charts is lower. In each cycle the
BTC.D makes a lower low peaking at 95% in 2017 cycle, 73.5% in last cycle and 66% in this cycle. The same is true for
ETH.D, starting @ 26% in 2017, 21.5% in the last cycle. So, the obvious question in your mind is where will the
ETH.D peak this cycle. If we draw the downward slopping wedge in the
ETH.D and assume the cycle end by Dec 2025, then we can see the
ETH.D will peak around 17% in this cycle. Currently at 12%, I am predicting another 40% upside form here. Pricewise
ETHUSD may give a higher return than the $ETH.D.
Verdict:
BTC.D top for this cycle is 66%.
ETH.D can top @ 17% this cycle.
ETHUSD can double from here for
ETH.D to top @ 17%.
But since then,
But then we see something which
Verdict:
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.