Crypto Market Insights
Examining the broader crypto market, it's evident that we've hit the Wave 4 target zone on the Total Market Cap chart, reacting perfectly—a precise landing in this case. This suggests that, looking at the entire market as a unified entity, we should form new local highs and surpass Wave 3.
When we look at other indicators, like the Ethereum to Bitcoin chart, we see that the price is falling, indicating Ethereum's strength relative to Bitcoin has been declining for some time. We're now at the lowest level in three years. This could soon reverse, potentially triggered by a trendline that has been touched twice since January 2020, indicating a possible turn.
If Ethereum turns around, it would likely lead the Altcoins. During an Altcoin season, Ethereum usually pumps before other Altcoins follow. This means we need a bit more patience.
Regarding Bitcoin dominance, we expect another rise to continue the four-month trend of higher highs and higher lows. This could lead to a subsequent drop in dominance, possibly placing us back in the current range. A falling Bitcoin dominance, combined with a rising Bitcoin price, would propel Altcoins, potentially coinciding with a turn in the Ethereum to Bitcoin chart.
Several factors align favorably. We just need to stay patient, focused, and ready to seize opportunities.
When we look at other indicators, like the Ethereum to Bitcoin chart, we see that the price is falling, indicating Ethereum's strength relative to Bitcoin has been declining for some time. We're now at the lowest level in three years. This could soon reverse, potentially triggered by a trendline that has been touched twice since January 2020, indicating a possible turn.
If Ethereum turns around, it would likely lead the Altcoins. During an Altcoin season, Ethereum usually pumps before other Altcoins follow. This means we need a bit more patience.
Regarding Bitcoin dominance, we expect another rise to continue the four-month trend of higher highs and higher lows. This could lead to a subsequent drop in dominance, possibly placing us back in the current range. A falling Bitcoin dominance, combined with a rising Bitcoin price, would propel Altcoins, potentially coinciding with a turn in the Ethereum to Bitcoin chart.
Several factors align favorably. We just need to stay patient, focused, and ready to seize opportunities.
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Discord (Crypto + Stocks) - discord.gg/G9c5TGETt2
Telegram (Stocks only) - t.me/+U7KhRNv61XczZmQ0
💯 Free
✅ Swing & Intraday Trading
✅ Chart Requests
✅ Everyday more than 4 posts
✅ Total <1100 Members
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