Market Analysis - Ethereum is currently trading around $3,000, with price action seemingly driven by chasing narratives [1] - Ethereum's price movements often mirror previous cycles, typically underperforming Bitcoin during rallies [3] - A 40% correction in Ethereum's price has occurred, deeper than the expected 30% drop [5] - The analysis compares Ethereum's current situation to Bitcoin's 2017 performance and Tesla's price action, noting similarities and differences [6][18] - Ethereum's USD valuation is heavily dependent on Bitcoin's performance, with ETH/BTC pair currently in a downtrend [11][16] - The window of weakness for Ethereum against Bitcoin is expected to last for approximately 3 weeks [9][12] Key Levels and Potential Scenarios - $2,900 is identified as a crucial support level for Ethereum; failure to hold this level could lead to a drop to $2,100 [9][30][40] - If Bitcoin drops to $80,000 ($-10,000 or -11%), Ethereum could potentially fall to $2,100 [25][30] - A rally in Bitcoin back to its 200-day moving average could allow Ethereum to hold $2,900 and potentially rally higher [23][37] Time-Based Analysis - December is historically a turning point for the ETH/Bitcoin valuation [10] - From a time-based perspective, Ethereum's current capitulation is similar to Tesla's previous drop, with the current week being the 13th week of the correction [36]

#Bitcoin dominance mirrors 2019.It's a good case that we're seeing a rejection at the 20-Week MA and dominance falling downwards after this correction of $BTC.I recall, from the early days, that those were signs of a potential bottom on Bitcoin, as then, if there's a bottom on Bitcoin and it consolidates, it means that #Altcoins should be outperforming Bitcoin from this point.It happened in 2016/2017.It happened in 2019/2020 into 2021.It's likely going to happen again.No bear market. ...

Hey everyone and thanks for jumping back into the cryptoverse. Today we're going to talk about Bitcoin dominance. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and also check out the sale on Into the Cryptoverse Premium at into the cryptoverse.com. Let's go ahead and jump in. So, I'm actually recording this video on November 10th.I'll be out of town for a few days. I'm going to be speaking at Bitcoin Amsterdam. So, my apologies if uh things are a lot diffe ...

Right now we are at the top of the range. So I would recommend that you exercise a little bit of caution because typically when we get to the top of these ranges and we get acceptance back in the ranges, it could signal a little bit of a correction. Becoming a millionaire in crypto gets a whole lot easier if you follow the right people.The number one mistake that I see new people making in crypto is not following the right people. You know that I love to recommend upandcoming valuable crypto YouTube channel ...

Hey everyone and thanks for jumping back into the cryptoverse. Today we're going to talk about Bitcoin as so far it has still managed to stay above its 50we moving average. If you guys like the content, make sure you subscribe to the channel, give the video a thumbs up, and also check out the sale on into the cryptoverse premium at into the cryptoverse.com. Today's a pretty big week. We have Bitcoin Amsterdam going on this week.I will be speaking at that conference and I look look forward to seeing a lot of ...

Where are we in the cycle?We're at the stage of Q4 2019, Q1 2020.The period where nobody believed in #Altcoins in the previous cycle.The #Bitcoin dominance has just seen it's first drop, I expect the second one to come in during this quarter. https://t.co/uyWXkjkrR8 ...

Market Analysis and RSI Indicator - The Relative Strength Index (RSI) is not the best indicator to use by itself because assets can stay overbought or oversold for extended periods [2] - Using the weekly RSI alone to determine market tops can be misleading, as Bitcoin dominance increased from 54% to 66% even after the RSI topped in October 2023 [4][5] - The high for the weekly RSI in the current cycle occurred in March 2024 at 88, but Bitcoin's price continued to rally afterward [6] - The weekly RSI for Bitcoin is currently showing lower highs, suggesting potential weakness in the midterm year [9] - Bitcoin's weekly RSI is finding support around 44, similar to the 53-54 level in the 2016-2017 cycle; a breakdown below this level could signal the end of the cycle [12][14] Future Market Outlook - The market is at critical levels across weekly, two-week, and monthly RSIs, requiring close observation of the reaction at these levels [30] - A breakdown of the weekly RSI into the high 30s would likely indicate the end of the cycle [25] - If Bitcoin fails to hold support at the 50-week moving average and the weekly RSI of 44, it could set up a bear market year [49] - If a euphoria phase does not occur, the bear market might be less severe, potentially leading to a 50% drawdown and a return to the 200-week moving average [35] - A durable rally by altcoins against Bitcoin requires a parabolic Bitcoin rally that takes the monthly RSI back to highs seen in prior cycles; otherwise, calls for an alt season are unsubstantiated [44][45]

Market Trends - Analyst suggests Bitcoin's weakening dominance may indicate the beginning of altcoin season [1]

is the entire 2019 rally for Bitcoin occurred during quantitative tightening. The entire rally that we've had for Bitcoin this entire cycle has also occurred during quantitative tightening. Now, of course, that's going to end in December, but it does go to show you how this cycle has been similar to the 2019 cycle.And I would say that because quantitative tightening is ending in December, there's a good chance that Bitcoin dominance could skyrocket between now and then. And then it might end up forming a to ...

You know, Ben does other things besides Bitcoin dominance. He had a good video on uh the death cross, which apparently is very uh bullish afterwards. So, uh hopefully we got that going for us.A poll. Ta. How was that poll doing.Anyhow, wow, 60% of you are doing nothing. I can get behind that. Let's see.Aristotle Plato's here with all his thumbs. Bodan says, you ask again, Rob, how important is the fully diluted valuation in a crypto project or any type of project. It's pretty important, especially if you ta ...