"THE FLIPPENING" : When ETH flips BTC in dominanceThe flippening, or when ETH exceeds BTC in dominance, aka flipping dominance, will happen on May 2023 according to this chart.
By charting the ratio of ETH dominance, ETH.d, to BTC dominance, BTC.d, the flippening occurs when the ratio exceeds 1.
ETH.d to BTC.d ratio has printed a cup and handle pattern on the higher time frame. This pattern's measured move, if the ratio breaks out of it, exceeds 1 meaning that ETH would have flipped BTC in dominance.
By projecting a rising channel from the handle, the intersection of the measured move is around May 2023.
At the moment it seems inconceivable that crypto will rise, but drops of 80% to 90% are common in alts in bear seasons, bull seasons will be in the multi Xs gains for alts.
BTC is facing many problems, the largest of which is energy consumption, currently turning a profit mining BTC is in the red as energy prices have risen and BTC price has dropped. Another problem is that BTC transaction time is exceedingly slow and BTC lacks smart contracts.
ETH merger has addressed the problem of energy consumption in mining and theoretically transaction fees which have been astronomical since ETH price has risen.
ETH technically is a better contender as a BTC replacement. Also, ETH holders from March 2019 covid dump have outperformed BTC holders. Microstrategy would have been in better shape if it held ETH.
In an old idea below, I predicted that ETH will reach the neckline of the cup and handle around 25% of the market cap.
ETH.D trade ideas
ETH/BTC looking goodHello traders,
Seems like ETH.d/BTC.d is looking quite bullish for ETH, for today up 1.15 for eth.d and -0.85 for btc.d, let's see how this candle closes, for now BTC dominance pushing down, and ETH dominance pushing up, let's see how this closes. is there a play in the very near future?
on ETH/BTC pair, for now is holding the POC of a looong range, so watching this level or VAL of the range for a reaction, in case it does, will swap some BTC for ETH, targeting VAH
eth/usdt pair looking better than the btc chart also.
Let's see how this plays!
ETH.DEthereum's dominance is in critical territory. This limitation will make Ethereum even in the first place or vice versa, Bitcoin will maintain its position for more consecutive years. It looks like we're in a very strong uptrend that simply can't break support, but we see dominance fatigue below important resistance and it looks like if it gets into a range or weakness environment and gets into trouble under daily support. We will witness. The second scenario
ETH Market Cap DominanceOne of my favorite patterns here! ETH, along with ALT-Coins are looking at a crazy run in the near future. Crypto's Total Market Cap will be made up of 25% ETH! This will be the highest its been since ..... 2018! This next bull run will be ETH and the ALTS holding BTC by the balls. We know from history that when ETH takes the charge, she RIPS. Hopefully the market reverses soon, as this next leg up will be LEGENDARY.
📌🔃What is Flippening (Ethereum vs. Bitcoin)❓❗⚔️ The possibility of Flippening of Ethereum vs. Bitcoin is much more than before!
King and Queen battle for taking over the Dominance has been continuing !!
The term Flippening was colloquially coined in 2017 and refers to the possibility of the market capitalization of Ethereum (ETH) overtaking the market capitalization of Bitcoin (BTC). Therefore, the term describes the hypothetical moment in the future when Ethereum becomes the biggest cryptocurrency by market capitalization.
Although Ethereum and Bitcoin are named the king and queen of the crypto space, respectively, and they seem to be friends; But there has been a battle for the power of these two leaders of the crypto market.
The dominance of the king-Bitcoin has been more than others and also of Ethereum, but for some time its dominance (BTC.D )has been closing to its ATL , and the dominance of the queen-Ethereum(ETH.D) has also been increasing and is closing to its ATH ,as the merge event approaches! but also at the meanwhile , OTHERS.D .USDT.D and .. Have been almost decreasing !
check it out here!
However many Ethereum supporters were hoping for the Flippening to happen. Speculators were stating that the greater flexibility and the ability to write smart contracts would propel Ethereum over Bitcoin in those rankings, but the Flippening never really occurred yet.
but now in my opinion if the merge event be successful , it is not unlikely that this will happen even within 1-2 yrs ahead, which is very critical for the crypto space and will change the current equations! but flippening is a litle unlikely in terms of market capitalization, but nonetheless possible!
So this term "Flippening" refers to the hypothetical moment of Ethereum (ETH) overtaking Bitcoin (BTC) as the biggest cryptocurrency isn't an easy event because according to coinmarketcap data , the current Ethereum MarketCap is about $203 B ,meanwhile the Bitcoin marketcap is about $379B (~2X bigger), so filling this gap need a lot of liquidity to be filled . At 100% crossing they both have the same market capitalization.
Even though market cap is the main metric to determine "The Flippening" (above), there are a number of there are a number of other metrics that you also can observe (below).
check it out here!
www.blockchaincenter.net
but the question is :What happens to Bitcoin if Ethereum takes over the dominance of it !?
Apparently, this happens completely to the detriment of Bitcoin; But maybe this theory is even completely opposite, that is, the strengthening of Ethereum does not mean the weakening of Bitcoin , especially in the long term!
! They are fighting for a common and greater goal, not against each other. Bitcoin's proof-of-work will always retain the very highest degree of imperviousness and security. That could become increasingly valuable in the coming years -- it should not be underestimated
Although, at the same time, with Ethereum's migration from proof of work to proof of stake, it can attract more liquidity than before! And in this case, both cryptoassets/platforms serve two very different economic functions. It would be about Ethereum becoming more valuable, and would not diminish Bitcoin. Bitcoin’s inherent value lies in its potential to be a quasi-gold standard and store of value.
At the same time, Ethereum serves as the backbone of Web3, propping up the DeFi and NFT ecosystems, among others, that comprise numerous interconnected platforms. So this is more about Ethereum increasing in value rather than Bitcoin losing its own.but it may reduce the appeal of competing layer-1s , i.e. Ethereum competitors!
Final thought:
Flippening has been an event that cryptocurrency market experts have been warning about for years, and now with Ethereum's proof-of-stake performance, the possibility of its occurrence has accelerated, and it can greatly influence the crypto space.
While a flippening may not really harm Bitcoin’s position and its inherent value proposition, it could have an impact on the wider crypto ecosystem in various ways.
sources: coinmarketcap-cryptonews.com
This article is For informational purposes only!
ETHEREUM - IS THE MERGE A HUGE BULLTRAP?So far ETH outperforms BTC due to sheduled merge around 12-15 september.
But is this price action really that bullish? We already had some nice more than 100% move from the lows.
ETH dominance is in critical point right now. It's hard to believe we will break to the upside this multi year trend in one move.
Of course BTC can start breaking to the upside and overperform ETH but imo big move to the downside is actually more possible.
And in that case alts would bleed much, much more than BTC.
ETH.D - Hitting Resistance AreaHaving a quick run through dominance charts.
ETH has showed some excellent pop to increase dominance by 50%.
However its now hitting the local top and key resistance area so there's nothing to say it cant continue up some more but this is a probable reversal area.
Not advice.
ETH DominanceHi all,
How many of you pay attention to ETH Dominance?
The dominance level is above 21 WEMA.
It was ranging more than 1 year between some levels.
Now, before ETH 2.0 merge is looking bullish and trying to break out.
Last year, between these levels we saw an altcoin season.
Let's see how it plays this month, which for the last 2 years, august was bullish.
ETH.DDISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.
Ethereum dominance pitchfanThis pitchfan on the Ethereum dominance outlines zones where it is optimum to have exposure to ETH. It also outlines where it is best to take profits or reduce exposure to ETH.
Theoretically the risk/reward ratio for holding ETH is more favourable in the lower bands - the lowest blue band being an optimum risk to reward ratio.
If ETH dominance moves into the upper blue band the risk to reward ratio is much less favourable, this has historically been a beneficial time to take profits or reduce exposure to ETH.
*this is not not financial advise*
ETH/BTCHi investors, traders
This ETH/BTC chart is looking great for ETH and altcoins.
WEMA above 21 is bullish, and the channel formed is looking like consolidation more than distribution.
It can be a fakeout, but I if ETH 2.0 will be an success, than I assume an rally at the end of the year.
What's your opinion about this chart?
ETHDISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.
ETH.DDISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.
ETH.DDISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.
ETH.DDISCLAIMER:
This is not financial advice! This is an opinion-based show. I am not a financial adviser. Please only invest what you can afford to lose, and we encourage you to do your own research before investing.
everyone should buy and sell according to their own strategy.
Everything you need to know is outlined in the chart and keep in mind that we are moving forward with probabilities and the analysis may be wrong so take capital management seriously.