As we can see, now $BTC is rising fast, but altcoins is going slowly. Altseason haven't started yet, and in this article you will find some interesting information about BTC dominance, $ETH against BTC chart analysis and TOTAL 3 analysis. Analysing that we can understand when to expect the Altseason.
First about the BTC dominance!
BTC dominance is 53.7 %, IT is the percentage that BTC market cap takes from the global crypto market cap. So the all crytpo market cap is $2.4 Trillion and 53.7% of them is the BTC market cap.
The BTC dominance is growing during 15 Months, that means that people are investing more in BTC in comparasion with Altcoins. What is bad for the Altcoins.
We will only see our altcoins having a really good pump when the dominance will drops to 48% or even more. It will probably happen after the BTC overtake the All time High and reach more then $100K. There we will probably see a big transfer of liquidity from BTC to Altcoins.
Now the BTC dominance is 53.7%, with the next resistance level at 60%.
Now let's talk about the ETH/BTC chart
That chart shows how srtong the ETH is now against BTC. ETH is already 600 days going down following the trend, but now as you can see the rectangle, ETH almost broke the trend , what is a good signal, showing that it is starting to have some power against BTC. But it is still weak, as the altcoins too.
When ETH breaks the trend the Altcoins will pump hard, so we need just wait.
Now about the TOTAL 3 chart!
Total 3 chart shows the total crypto market cap excluding BTC and ETH, so it's all the altcoins market cap.
In the recangle it's the accumulation zone that lasted 650 days, now it broke the trend, what is a good signal. Now the Total 3 market cap is $700Billion with the next resistance level at $730Billion, it already reached and came back.
So basically fot the big pump of Altcoins we need to see the BTC dominance under 48%, see the Ethereum breaking the trend to show his power against BTC, and we need to see the Total 3 market cap growing to ALl Time High, $1.1Trillion.
If you like my content you can support me with a like, comment and follow!
I wish big gains in portfolio for everyone🚀🚀🚀
Always Do Your Own Reserch(DYOR)
#HotTrends #AltSeason #EMWYM #BTC.😉. #Ethereum(ETH)