elshanti

BTC MARKET DOMINANCE HISTORIC LOW !!

POLONIEX:ETHBTC   以太坊 / 比特幣
YOU CAN CHECK AND COMPARE WITH MARKET CAP DOMINANCE IN COINMARKETCAP WEBSITE

We see the same spring 2017 cycle over and over again.. first BTC             and other alts rally in november then btc             dominance and bubble pops in mid december then alts continue to party while XRP bubble happens after that ETH takes the stage for the final scene as it happend in june 2017 reaching above 400 $ then all the market went for deeper correction with BTC             regaining its dominance again..

CYCLE ORDER

1- NEW MONEY GOES TO BTC            
2 - BTC             BUBBLE POPS
3- MONEY GOES TO ALTS
4- XRP BUBBLE POPS
5- MONEY GOES TO ETH
6- ETH BUBBLE POPS
7- DEEP CORRECTION
8- BTC             ATH             WHILE MOST ALTS STAY IN CORRECTION.
9- BTC             DOMINANCE GETS OVER 50% AGAIN
10- REPEAT
Hey @elshanti, is it time for an update on this school of thought? Spot on & super valuable in the past, thanks.
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hello @elshanti , this is a very interesting PoV, can you post an updated image on this please?
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Thank you guys, can someone let me know please, how to extract exact % of bitcoin dominance ? or ETH dominance, just want to know, how to get this number from this chart, for example.
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MinoAcc elshanti
@elshanti, Thanks, now I get it, at least I think I do understand this more... Coinmarketcap.com is a friend :
Dominance refers to the percentage a single virtual currency has of the market capitalization or value of every cryptocurrency in the world.

There is a dominance chart : https://coinmarketcap.com/charts/
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@MinoAcc, yep i reffered to it at the top of my commnet above.. but thought u need one in here
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I totally agree with your cycle order but this time we will have actual flipping and MAX ratio near 0.4 levels, BTC dominance near 20% and then rinse and repeat, I guess LN on BTC will push it to all new highs in spring -summer till some absurd 100k levels. Also ETH will not go to 0.4 in matter of days, with some corrections and consolidation with in channel it think - 2-3 months. BTC is the Legend, ETH is the king.
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elshanti VladSychevskiy
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goferit elshanti
@elshanti, To your point on ICOs cashing out, is there a rule of thumb based on trader activity, in terms of timing, vs. ICO principals (who have their proceeds in lock-up for any number of years). Or too much variability, each ICO having its own unique timeline?
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Acel elshanti
@elshanti, Thats an interesting charts! But it looks like it reached the bottom way to early. So it seems like it will need around 12 weeks to reach a new ATH? We are half way there...
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