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Thursday, September 3, 2020

Ethereum Dominance Outlook

Ethereum Dominance Outlook

Well 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:

BTCUSD Idea

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.
Bitcoin Dominance Outlook

Idea for summer of ethereum (back when I was still figuring out chart scales :) )
The Summer of Ethereum

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.




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