Ethereum has a tendency to break it's macro trend line, but...
Is the BTC dominance too high to allow the macro market to grow?
I've noticed that throughout this bare market cycle Ethereum has an extremely strong presence when looking at the trend of the crypto market in its entirety.
It makes stronger moves, which is great, when you're going up. It also makes incredibly fierce moves down which I'm sure the bulls hate.
Trends last longer, which I have been thrown off by this cycle and as a trader do not like. I have a tendency to look at BTC first, then my chosen alt-coins and then plan my strategies. Ethereum has been making bigger moves than BTC, in some cases during this cycle, has been leading BTC.
Regardless, any other analysis I'd do when considering alt-coins would basically be saying BTC moves up, Ethereum pumps, sometimes the opposite. When that happens, alt-coins pump in patterns.
BTC dumps, Ethereum stays bullish for longer, for whatever reason, it really doesn't matter. Alt-coins sell off, Ethereum dumps.
A second retest of the macro trend line is imminent.
Just some things I've noted over the last quarter. Tell me what you think.
I've noticed that throughout this bare market cycle Ethereum has an extremely strong presence when looking at the trend of the crypto market in its entirety.
It makes stronger moves, which is great, when you're going up. It also makes incredibly fierce moves down which I'm sure the bulls hate.
Trends last longer, which I have been thrown off by this cycle and as a trader do not like. I have a tendency to look at BTC first, then my chosen alt-coins and then plan my strategies. Ethereum has been making bigger moves than BTC, in some cases during this cycle, has been leading BTC.
Regardless, any other analysis I'd do when considering alt-coins would basically be saying BTC moves up, Ethereum pumps, sometimes the opposite. When that happens, alt-coins pump in patterns.
BTC dumps, Ethereum stays bullish for longer, for whatever reason, it really doesn't matter. Alt-coins sell off, Ethereum dumps.
A second retest of the macro trend line is imminent.
Just some things I've noted over the last quarter. Tell me what you think.
