despite that long ter pas from my latest analysis about Dominance , all the lines and analysis have been done over 1.5 years ago at the time that crash happened , I followed the money follow at that time on the price chart and find the probable demand and supply areas on dominance which worked well till now , and as you can see the reactions on each line was accurate , but this area that we are facing now is very important , breaking the yellow diagonal line could lead dominance over 55 and it can reach to 58 % which is very important factor in crypto market , this could cause a huge crash on Altcoins (on /btc pairs) and could cause a unrecoverable damage to their value against BTC.
and the vise versa exactly can be considered , the fall of dominance from this stage could give the alts a huge pump (considering the money that flowed into crypto market lately almost half a Trillion $) that caused this pumb.
so we need to be alert about each situation . this idea need to be update by some other related charts (Total and Total2 along ETH.D ).
and the vise versa exactly can be considered , the fall of dominance from this stage could give the alts a huge pump (considering the money that flowed into crypto market lately almost half a Trillion $) that caused this pumb.
so we need to be alert about each situation . this idea need to be update by some other related charts (Total and Total2 along ETH.D ).
Comment:
its worth to see the situation in different time frames , helps us to understand how would be the possible future .
